Funding through factoring can be provided within hours to a few days, depending on the factoring company's processes.
The benefits of trucking factoring include improved cash flow, reduced administrative burden, access to capital, flexibility, and increased business growth.
Factoring can be used by trucking companies of all sizes, including owner-operators, small businesses, and larger fleets.
Trucking companies with poor credit can still use factoring as the financing business will assess the creditworthiness of the clients, not the trucking company.
If a client doesn't pay their invoice, the financing service provider will work to collect the payment. If the invoice remains unpaid, the factoring company may have to write off the invoice as a bad debt, and the trucking firm will be responsible for repaying the advance they received.
Our flat fee of 2% to 3% with full advance (No Reserve). We take the credit risk, Custom rates available for monthly commitment of $150,000.
Apply today and get set up and funded within 24 hours - a seamless transition to financial freedom.
We proudly approve credit insurable freight brokers and Shippers in Mexico.
Get up to 30% fuel credit on active loads. Keep trucks on the move without cash flow hiccups.
Enjoy significant discounts on fuel, saving you money every mile of the journey.
Make informed decisions anytime with our round-the-clock freight broker credit checks.
Boost your cash flow when you need it most with our prompt funding services.
Stay on top of your finances with automated reporting and easy online account management.
Our team is here for you longer, from Monday to Friday, 9 AM to 9 PM EST, and Saturdays from 9 AM to 3 PM EST.
In conclusion, invoice factoring financing can help trucking businesses thrive by providing immediate cash flow, reducing administrative burdens, increasing access to capital, providing flexibility, and supporting business growth. Take advantage of invoice factoring financing to grow your trucking business today.