Trucking companies in New Orleans rely on cash flow for everything from overhead costs to making payroll and much more. Unfortunately, standard business practices mean trucking companies have to issue invoices with staggered payment schedules of 30, 60, or even 90 days. These waiting periods result in gaps in revenue that can threaten to slow down or even halt operations. Single Point Capital eliminates the lag by boosting cash flow with freight factoring. Our freight factoring services are simple, transparent, and fast. Once you submit an invoice to us, we will make funds available within a single day via wire transfer, ACH, or any other established methods that work best for your company. Our team will work with you to create a freight factoring strategy that’s tailored to your trucking business.

How It Works

Setting up an account for freight factoring services from Single Point Capital is easy and takes minimal paperwork. Once you are set up, you can start submitting your receivables and receive funds within a single day. Additionally, you will be able to check the credit ratings of your brokers and clients to help you decide which jobs you want to take and which invoices you want to factor. Freight factoring from Single Point Capital does not place any debt on the balance sheet, and because of our fast turnaround time, your trucking company won’t have to perform collections due to invoices “aging out.” Our freight factoring services allow trucking companies in New Orleans to:

• Improve cash flow
• Preserve credit ratings
• Reduce or eliminate the need for debt-based financing
• Cover overhead
• Make payroll
• Build up capital for growth

More Than Freight Factoring

When you sign up for factoring services from Single Point Capital, you get access to our other benefits as well. We believe in offering a little lagniappe to our clients, so you will be able to access our fuel card program with big discounts at the pump, as well as fuel advances for your drivers. We also help owner-operators who want to launch their own trucking companies by assisting with the proper permits and forms.