Truck invoice factoring is a fast, reliable way to maintain the level of working capital you need to run your business. Factor Finders’ goal is to make the trucking invoice factoring process run as smoothly as possible, so you can spend more time on the road and less time worrying about your cash flow.
Request a truck invoice factoring quote today!
How does truck invoice factoring work?
Freight invoice factoring is a streamlined transaction you can complete with your factoring company as often as you need to keep money in the bank. Simply repeat the following steps with each of the freight invoices you wish to factor:
Send copies of your unpaid trucking invoices to the factoring company.
When you deliver a load, make a copy of the freight invoice and email or fax it to your trucking factor.
Receive a cash advance within 24 hours.
The trucking factor will verify your invoices and deposit up to 95 percent of the invoice amount directly in your bank account.
Continue hauling while the factor collects from your customers.
Trucking invoice factoring allows you to conduct business as usual while your factor does the legwork to close unpaid invoices.
Collect any remaining money.
If you did not receive a complete advance up front then your factor will send you the remaining amount, minus their fees, after the invoice is paid.
Ready to Get Started?
Fill out the form below and one of our factoring experts will help you on your way!
What other freight invoice factoring resources are available?
A trucking invoice factoring company’s service extends beyond financing your freight invoices. There are a variety of resources at your disposal:
Load boards
Find your next customer with free or discounted access to load boards. You can choose the best jobs from among thousands to increase your sales and your potential factoring amount!
Credit and background verification
Don’t haul for unreliable customers. Our truck invoice factoring partners offer complimentary credit and background checks so you can carry loads with confidence that your invoices will be paid.
Fuel assistance
One of many ways you can apply your factored funds is to your fuel costs. A key supplement to trucking invoice factoring is the availability of fuel cards and/or fuel advances to keep you on the road.
You can sign up for a fuel card account when you begin your factoring relationship, and the factor will load funds directly on to your account. Get individual cards for each of your drivers to use at thousands of refueling stations nationwide. Discounts and rebate programs will save you money, and online tools will help you control and monitor your drivers’ spending.
If you need immediate cash to carry a large load to its destination, you may qualify for a special fuel advance. This is an advance of up to 50 percent of the freight invoice that you receive when you pick up the load so you can be sure to get where you need to go.
Why should I begin trucking invoice factoring with Factor Finders?
Factor Finders’ truck invoice factoring partners have years of experience meeting the unique needs of the trucking industry. Whether you are a hauler or a broker, just starting up or expanding your fleet, we have a freight invoice factoring solution for you.
We offer:
- Industry-low rates
- Non-recourse funding options
- High advance rates (up to 100% of the discounted amount!)
- No minimum or maximum amounts to factor
- No long-term contracts
Moreover, you can qualify for trucking invoice factoring in as little as 3 to 5 business days with a minimum of paperwork. Simply send in a current aging, customer list, and invoices you wish to factor, and we can get the ball rolling.
Call 1-855-EZ-FACTOR to begin freight invoice factoring immediately!
Don’t let your cash flow break down. Contact Factor Finders to discover the many ways that truck invoice factoring can revolutionize your trucking company and to get started now!
