Freight bill factoring lets you finance your invoices from high-quality shippers and brokers. It provides funds to pay expenses and grow your business.
The bottom line
Already know everything about factoring and just want the bottom line? Here it is:
How does freight bill factoring work?
Freight factoring is easy to use. You submit eligible invoices, receive a large advance up front, and choose between two plan options: full advance or conventional factoring.
a) Full advance
Full advance plans are typically used by owner-operators and small carriers. These plans offer larger advances.
b) Conventional
Conventional freight bill factoring plans are typically used by mid-sized and larger carriers. These plans offer lower advances and lower costs.
Up to 90% advances
We know that cash flow is essential to your trucking company. This is why we give you the highest possible advance. Advances range from 90% to 98%, based on your situation. Select clients may qualify for even higher advances.
Optional fuel advances
We can also provide fuel advances to small and growing trucking companies. This program provides you with an advance that allows you to buy fuel for your trucks and deliver more loads.
Rates as low as 1.15%
Factoring rates range from 1.15% to 3.50% per month. Pricing depends on volume and shipper/carrier credit quality. Terms vary by transaction. To get an instant quote, fill out this form.
Short-term contracts
We understand that you don’t want to be tied to a freight factoring company for longer than necessary. Our team can structure short-term contracts to meet your needs. You should be with us only for as long as we are helping you grow.
Works with fuel cards
Our program works with fuel cards. This flexibility gives you and your drivers an easy way to pay for fuel and maintenance expenses. It also gives you an easy way to control how money is spent.
Need a factoring quote?
We can provide high advances at low rates to truckers and freight brokers. For an online quote, fill out this form. You can also call us toll-free at (877) 300 3258.
Useful information for owner-operators
We have been around for over 20 years, helping owner-operators and small carriers grow their companies. During this time, we have built a comprehensive resource library. Here are some useful articles.