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 factoring companies understand logistics and work regularly with shipping companies and freight brokers. It's not uncommon to get factoring advance rates of 95% or more on your freight bills. You often have a choice between recourse and non-recourse options. In addition to factoring services, common perks include fuel advances, fuel cards, load boards and tire discounts.