The Best Freight Factoring Companies Minimize Costs and Max Benefits

What Sets the Best Freight Factoring Companies Apart?

Low fees, high advances and stellar customer service – Find out what makes working with the best freight factoring companies a smart move.

The Best Freight Factoring Companies...

Offer High Advances and Low Fees

The best freight factoring companies minimize your costs and maximize your benefits with low fees and high advances.

Freight factoring rates from 1%.

We know that the cost of factoring is not your only consideration, but it is usually among the top considerations when comparing the best freight factoring companies. We offer freight factoring with fees that range from 1% to 5%. Low cost receivables financing minimizes your costs, which further contributes to expediting cash flow.

High factoring advance rates – up to 98%.

The point of financing accounts receivable invoices is to gain access to money your trucking business has already earned, but is tied up in accounts receivable invoices. We offer freight factoring with advances usually range from 85-98%. To maximize the benefits of factoring, we know you need to gain access to as much of the face value of an invoice as possible when you factor.

You Stay in Control

The best freight factoring companies let YOU retain more control over the process by offering:

No minimum factoring requirements.

We believe the best freight factoring companies don’t require factoring clients to factor a minimum number or dollar amount of invoices with us each month. Nor do they require clients to factor all of the invoices of approved customers.

More choices.

They also give you the option to retain control of sending invoices or you can reduce the amount of time and resources needed for accounts receivable activities by turning the work of generating and mailing customer invoices over to the factoring company – the choice is yours!

No long term contracts.

We believe the best freight factoring companies don’t require clients to commit to long term factoring contracts. Instead, they earn your business through performance as your freight factoring company of choice.

Offer Non-Recourse Factoring

The best freight factoring companies rarely require clients to buy-back invoices.

We can offer both full recourse and non-recourse freight factoring at essentially the same rates. The benefit of factoring freight invoices with a non-recourse trucking factor is a lower financial risk for you as the client.

When you finance receivables with a full recourse factoring company you may be required to buy back an invoice, plus pay any additional fees incurred in the course of collections, if your customer cannot pay for credit reasons or simply does not pay the invoice within a certain amount of time.

Non-recourse receivables financing companies serving the transportation industry assume the credit risk for the freight bills they purchase. If your customer can’t pay due to insolvency, the non-recourse factor absorbs the loss on factored invoices. You can reduce – or even eliminate – your company’s financial risk from bad debt by factoring with a non-recourse factoring company.

Avoid Hidden Fees

The best freight factoring companies get you your money as quickly as possible and don’t tack on fees that increase the cost of factoring.

Fast same / next day funding.

As they say – time is money! We offer freight factoring with low fees and free same / next day funding.

No hidden fees.

We don’t want our clients to be unpleasantly surprised with hidden fees or add-on fees that drive up the real cost of transportation financing. There is no cost or obligation to find out whether factoring freight bills with us could help your trucking business. In addition, we offer freight factoring with:

no application fees
no notification fees
no reserve release fees
no funding fees
no due diligence fees
no fees for credit checks on your customers

Have Great Customer Care

Customer Service Sets the Best Freight Factoring Companies Apart

We understand that customer service — the way clients are treated day in and day out — is really what sets the best freight factoring companies apart.

We pride ourselves on our high level of professional customer service from the get-go, and we believe the best freight factors rely on service and performance to earn us your continued patronage. They further extend this same high level of personal, professional customer service to your customers with the goal of creating positive long-term relationships.

Working with the best freight factoring companies can help you grow your business to the next level more quickly.

Get a Free Quote

Work with the Best Freight Factoring Companies

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Finding out how factoring freight invoices with the best freight factoring companies in the industry can help you minimize costs and maximize the benefits you get by using transportation receivables financing to expedite cash flow. Working with us doesn’t cost you more, but waiting can cost you time and money.

Get started today by requesting a no-cost, no-obligation factoring quote to get more information.

Freight Factoring Calculator

You can use our freight factoring calculator (sometimes called an invoice factoring calculator or opportunity cost calculator) to see how much of the money you have tied up in customer receivables you might be able to unlock by factoring. Enter the amount of an average customer invoice, average monthly sales, or an average monthly earnings statement.