Invoice Factoring
Single Point Capital provides same-day invoice factoring solutions to help increase cash flow, allowing you to focus on your company’s growth.
How It Works
How Can Factoring Help Cash Flow?
Your trucking business is getting plenty of loads but waiting 30, 60 or 90 days to get paid is slowing you down. Single Point Capital can pay you immediately for those invoices, allowing you to grow your base more rapidly.
Single Point provides immediate assistance
Sign up for free today! We’ll get you approved right away – and you’ll immediately be able to start submitting your invoices to our system.
Convenient Mobile and Desktop App
Submit loads and paperwork easily in our mobile and desktop apps.
Manage your business efficiently with the Single Point App. You can submit load paperwork for funding, quickly check your customer’s credit or access your account management portal easily through our mobile or desktop app.
Free Customer Credit Checks
Upon approval, you’ll be able to access valuable information about freight brokers who may pay slowly or not at all, keeping them accountable. Making informed decisions about what loads you take will allow your business to run more smoothly.
Keep Your Focus on the Road Ahead
When you start submitting your invoices to us, you’ll be freed up to focus your energy on what you really want to do: find loads and get them from Point A to Point B. We will process your invoices the same day, so you can keep doing what you do best.
Get Paid the Same Day!
As soon as your funding packages and supporting documents are verified, you’ll start receiving same-day payments in the way that is most convenient for you: ACH, wire transfer, or another established method of your choice.
Pricing
How does our pricing work?
Simple. We charge a small flat fee and bill your customers for you and take care of the collection process.
How much will factoring save you?
Factoring is one of the most cost-effective solutions for your trucking business.
Factoring with Single Point Capital allows you to get your money faster so that your business can experience consistent growth, but that’s not all! Our factoring services are bundled with comprehensive back-office support including:
• Free credit checks
• Access to our free load board
• Dedicated account manager
• Billing, invoicing, and collections
• Accounts receivable tracking software
• Access to fuel advances and line of credits
Your partnership with Single Point Capital entitles you to many exclusive perks not offered elsewhere.
Discover how it feels to have a personal account executive, customized just for you.
Our services include invoicing your customers, processing collections and payments, and providing full back-office support. Before you take on a load, we run free online credit checks, and with Single Point Logistics, you’ll command higher freight rates and be eligible for fuel and insurance discounts.
We do everything but make your coffee!
Transparent Pricing
Our pre-agreed rates are customized to ensure you’ll receive the lowest, most competitive rate available, which varies depending upon your customers and purchase volume.
Factoring FAQs
Find answers to our most frequently asked questions here. If you have additional inquiries regarding our services, please submit this form and we'll reply within 72 hours.
Simply complete your online application here and a Single Point representative will reach out to provide you with a customized quote for your business. No personal credit checks and no application fees.
We know every business is unique, so we build personalized plans around your company’s needs.
Our clients have 24/7 access to free online credit checks through the single point mobile app. Simply Login to see if your customer is approved. Our team is always available to provide guidance with tough credit decisions. You can receive a credit check via our mobile app.
Yes, we do offer fuel advances, contingent on the customer and the specific load. Contact our representatives to determine whether your business qualifies for fuel advances.
Single Point offers same day funding upon receipt of your completed funding package. You’ll be paid by ACH, Wire, Comdata, FleetOne, or another funding source that best suits the particular needs of your business.
Single Point does not require originals unless your customer requests them; we will fund off electronic copies. To ensure that a clear copy is on file should it be needed, many customers do send us their originals on a weekly basis.
You can factor for as many or as few customers as you choose. Your Single Point Representative will be happy to discuss the details with you, regarding your customers for whom you are planning to factor.
Single Point offers you 24/7 online access to your account. You can track invoices and collections, search debtors, and pull custom reports, all of which will help you remotely manage your business from any location.
You will be assigned a Single Point Personal Account Executive, who will walk you through the factoring process step-by-step. You’ll be provided with professional, personalized service to ensure the best care for your business.
Yes. As soon as we receive your freight bills, we take care of the rest! Our role is to ensure that your invoices are properly billed and collected on time. You’ll have the ability to track your collections activity and verify due dates online at any time.