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Freight Factoring
Trucking companies all across the nation depend on freight factoring to run and operate their businesses. Freight factoring stabilizes your cash flow by giving you immediate cash for your freight bills upon load delivery. You don’t have to wait 30 to 60 days for your customers to pay, which enables you to handle more deliveries.
Freight Bill Factoring
Freight bill factoring improves your cash flow because you don’t have to wait 30, 45 or 60+ days to collect your freight bills. You get the cash quicker so you can take on more shipments and deliveries.
High Advance Rates
It’s common to get cash advance rates of 95% or more on your freight bills. Some freight factoring companies offer you a choice between recourse and non-recourse factoring depending on your receivables.
Logistics and Shipping
Freight factoring companies understand logistics and work regularly with shipping companies and freight brokers. In addition to factoring services, common perks include fuel advances, fuel cards, load boards and tire discounts.
Fast Approval
Trucking factoring companies can approve your factoring application within several business days. Often, you can get your first funding within 5 to 10 days, making invoice factoring a quick and easy process.
