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We Make Factoring Invoices Easy
Driving for a transportation services company may provide you with steady loads, but it doesn’t always provide drivers with fast payment.
Freight factoring allows drivers to exchange unpaid invoices for a cash advance so they can continue to take loads, purchase fuel and pay for truck repairs without dipping into personal funds.
It’s not debt, it’s not a loan and it’s not difficult to get started.
Freight Factoring Offers
Month-to-month contract terms
Don’t worry about getting stuck in an extended, hard-to-get-out-of contract. The factoring companies we work with allow you to decide if and what you need to factor each month.
Fuel advance programs
Remove all worry about filling up the tank using fuel advances. Just send a copy of your rate confirmation and Bill of Lading to your truck factoring company and get your fuel advance instantly!
Recourse and non-recourse options
Choose either recourse or non-recourse factoring — you’re in charge of how you want to handle your finances. Recourse fees are lower than non-recourse, but trucking companies assume the risk of non-payment.
No minimum volume requirements
We’ll be able to factor almost any invoice of any amount. Do you have 10 invoices of a lesser amount? We can help you. One high-priced invoice per month? No problem. We understand that hauling different loads can mean a differing number of invoices.
Fuel cards can be used for ATM cash withdrawals — pay drivers, cover operating costs and purchase necessities with them. Truckers have 24/7 access to their fuel card account as well. Use this to track driver spending, set spending limits for fleets and manage balances.
No hidden fees
Don’t let other factoring companies surprise you with hidden fees in their contracts. We can help you understand every step in the factoring process, ensuring that you don’t get surprised by a hidden fee, missed deadline or scammed by unreadable fine print.
Same day funding on copies
The process of getting paid for your first factored invoice may take, in total, around three days. However, once you’ve gone through the initial process, same day funding becomes available to you and your repeat customers.
No reserve funding
Our factoring company doesn’t hold onto your money. Expect advance rates up to 97 or 98 percent under certain circumstances!
The ability to pick and choose which invoices to factor
You have total control. Pick which invoices you want to factor and when.