Freight Factoring

Fees as Low as 1%
Advances up to 98%
Fast Funding
Flexible, Tailored Programs

Comparing the top freight factoring companies to expedite cash flow and grow your trucking business? Look no further!

Get a quote for freight factoring services with fast funding, low factoring fees and high advances, with a program tailored to the unique needs of your business.

Get a Free Quote

1. Apply

Apply and we’ll help you find a freight factoring program that meets your business goals and preferences.

Factor Invoices

Go from approval to your first funding in as little as 24-48 hours — or even faster.

3. Speed Up Cash Flow

Get fast advances on factored invoices to expedite cash flow and grow your business faster.

Speed up cash flow and grow your trucking business faster by factoring freight bills instead of waiting for customers to pay.

Freight factoring with low fees and high advances

Freight Factoring Calculator

Freight factoring enables freight haulers and transportation companies to unlock the money they have earned right away, instead of waiting on customer payments. Fast access to working capital means faster reinvestment in your trucking business so you can stay focused on growing your transportation company. Find out how much money you could unlock by factoring freight bills by entering your average freight bill amount, average monthly sales, or average monthly earnings statement.

Fees From 1% + High Advances

Freight Factoring Rates From 1% – Advance Rates Up to 98%

Low freight factoring rates and high advances are just two of the reasons to let us source top freight factoring companies for you to do business with. Here are some of the other features you will find in the best freight factoring programs:

Free same and next day funding on factored freight bills
No long term contracts
No factoring minimums – factor only when you choose to
Free credit checks on your customers
Online account access
Non-recourse freight factoring reduces your financial risk
No hidden fees – no application, proposal or notification fees – the factoring fee is your all-in cost!

Request a no cost, no obligation freight factoring quote and receive an answer in as little as 24 hours. Upon approval, receive initial funding for factored invoices in as little as 1 business day. No long term contract required, free same / next day funding of factored freight bills available – and you are welcome to factor as many or as few freight bills as you wish.

How it Works

What Do Freight Factoring Companies Do?

Freight factoring companies purchase outstanding accounts receivable invoices from freight and trucking companies. A freight factoring company may advance up to 98% of the face value of an invoice to the trucking company immediately and return any reserve amount (less the freight factoring fee) after the customer has paid the invoice in full. Our clients freight factoring fees usually range from 1-5%.

Here’s how the freight factoring process works:

A transportation company fulfills a customer shipping order and an accounts receivable invoice (freight bill or invoice) is generated
They factor the invoice and (on approval) receive up to 98% of the invoice amount within 1-2 business days for a small fee, called a factoring fee
After the transportation company’s customer has paid the invoice, any amount held in reserve is also returned to the transportation company

Find out whether this might be an appropriate financing tool for your trucking business by requesting a free, no-obligation transportation financing quote.

Benefits of Freight Factoring

What Benefits do Freight Factoring Companies Provide?

One of the benefits of transportation financing is that the working capital provided by freight factoring companies can be used for just about anything.

While banks and other traditional lenders often limit use of financing obtained through loans or lines of credit, factoring is a means of gaining access to working capital your trucking business has already earned and invoiced – so you can use the financing for a wide variety of purposes, such as:

Improving cash flow
Financing equipment and repairs
Taking on larger accounts
Fulfilling contracts for more customers at one time
Expanding your fleet
Marketing and advertising
Gaining competitive advantages (such as offering more flexible payment options to your own customers)
Meeting payroll and operational expenses
Negotiating better rates with vendors and suppliers

You can use our freight factoring calculator to determine how much working capital you can expedite when you factor freight bills instead of chasing customer payments.

Get a Free Quote

What is Freight Factoring?

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Freight factoring is a form of receivables financing available to trucking companies and transportation businesses. Factoring speeds up cash flow by freeing up the working capital that would otherwise be tied up in unpaid freight bills and accounts receivable invoices for weeks – or even months.

Transportation companies can leverage outstanding accounts receivable invoices to grow, instead of waiting for their customers to pay, by factoring those invoices with freight factoring companies.

Your trucking operation may benefit from freight factoring if:

You often find yourself waiting for customers to make payment on invoices
Waiting for customers to pay makes it difficult for your trucking company to take on new orders or fulfill larger trucking contracts
Your trucking company does not always have adequate cash flow on hand to meet operational expenses
Your trucking business needs access to working capital in order to grow, replace equipment or expand

Non recourse freight factoring companies assume the credit risk for the shipping invoices they purchase. By contrast, companies that factor transportation invoices with recourse do not assume the credit risk for the invoices they purchase and may require a trucking company to “buy back” factored invoices if the customer defaults on payment or does not pay off the invoice within a given period of time.