Trucking Factoring / Freight Factoring
The trucking industry is huge and factoring rates are very competitive. Large trucking companies can get rates as low as 1%, while owner-operators and small trucking companies can expect to pay at least 2-3% of their freight bills for their factoring services.
Freight and trucking advance rates are much higher, typically 90% or more. Some truck factoring companies offer fully-funded or 100% advance rates, in which they only deduct their factoring fees from your cash advances.