Freight bill factoring lets you finance your invoices from high-quality shippers and brokers. It provides funds to pay expenses and grow the business.
Use the funds for essential expenses, such as drivers, fuel, and repairs. More importantly, you can use your improved cash flow to take on more loads and grow your business.
The bottom line
Already know everything about factoring and just want to know the bottom line? Here it is:
- Low rates: As low as 1.35% per 30 days (qualifying clients)
- High advances: As high as 97%
- Fuel advances: Funds to pay for fuel
- Fuel cards: Get better fuel management
- Short terms: Short terms to suit your needs
- Quick setup time: Short time to funding
The small print: Every client and situation is different. Your actual terms may vary depending on the details of your application.
How does freight bill factoring work?
Plans are simple to set up and use. They are designed to provide predictable cash flow and let you finance invoices efficiently. Here are the basic steps:
- Deliver the freight load to your customer
- Send the freight bill to the customer
- Submit the information to the factoring company
- Get the funds advanced (direct deposit, fuel card, or wire)
- Transaction settles once the shipper pays the invoice
Up to 97% 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 97%, 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 1.35%
High advances aren’t everything. To succeed in the trucking industry, you must also watch your costs. Our plans have low costs that are easy to understand.
Our monthly rates are as low as 1.35% and can be prorated. Rates are determined by your financing volume. 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.
a) The basics
- How to Make a Successful Trucking Company
- What is Freight Bill Factoring?
- Owner-Operator Financing Options
- How Does Fuel Advance Factoring Work?
b) Growing your business
- How to Get High-Paying Freight Loads
- How to Find Trucking Contracts (and Loads)
- Free Trucking Load Boards
- How to Grow Your Fleet
As a leading factoring company, we offer services in provinces across Canada. For specific information, visit: