Freight / Trucking Factoring
Trucking factoring, also referred to as freight factoring, freight bill factoring or transportation factoring, is so popular that trucking companies all across the nation depend on it to smoothly operate their freight 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 customer payments so you can handle more deliveries.
Trucking factoring companies serve a wide range of transportation businesses - from single truck owner-operators to large truck fleets. They understand freight requirements and work regularly with shipping companies and freight brokers. Freight factoring companies offer high advance rates of 95% or more.
Freight Factoring Companies
Freight factoring companies often provide benefits other than just freight bill factoring. Common perks include fuel advances or cards, load boards and tire discounts. Many freight factoring companies offer recourse and non-recourse factoring. Recourse factoring makes you liable for losses when your customer fails to pay. Non-recourse factoring makes the factoring company liable if your customer doesn't pay due to a credit problem. Non-recourse factoring is usually more expensive. Either way, you're liable for quality and service disputes.
Transportation factoring provides the cash you need to keep your trucking business rolling. It provides steady cash flow since you don't have to wait to collect your freight bills.
Choosing a Freight
Freight Bill Factoring
Is Quick & Easy
Guide to Factoring Receivables
Discover why invoice factoring can be better than bank financing, learn the receivables factoring process and factoring rate structures, know what to expect when applying for factoring services and much more.