Transportation Factoring
Get paid within 24 Hours
Receive same day pay for completed loads within 24 hours instead of waiting up to 90 days-boost cash flow and keep your trucking business running with reliable freight factoring solutions.
Transportation Section 1 (Partnering with trucking industry experts...)
Partnering with trucking industry experts as their platform for expansion
Owner Operators
Get more with same day funding, fuel discounts, premium financing, and more.
Small to Medium Sized Fleets
Customized solutions for your business to continue your growth.
Freight Brokers
Grow your revenue and build stronger carrier connections.
Transportation Section 2 (Discover the Complete Range of Solutions...)
Discover the Complete Range of Solutions for Your Trucking Business
As trucking experts, we offer a platform of tailored solutions designed to support your trucking business's growth and success.
Transportation Companies We Serve
We work with transportation companies from every sector and industry, including:
- Owner Operators
- Auto Transport Companies
- Distribution Companies
- Freight Brokers
- General Freight
- Hot Shot Trucking
- Local Carriers
- Over The Road (OTR) Trucking
- Small to Mid-Sized Fleets
- Startup Trucking Companies
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Account Management Portal
Built to Support Your Business
Our Account Management Portal offers transparent, easy access to all your account details in one place. With a user-friendly interface, you can manage your business with ease, track your finances, and stay on top of all transactions—whenever and wherever you need it.
- 24/7 secure access overview of your account
- Access to a variety of reports to help you manage your business
- View all transactions that have been completed 100% transparency for your peace of mind
Frequently Asked Questions
About Transportation Factoring
What is transportation factoring, and how does it work?
Transportation factoring is a financial solution where trucking and transportation companies sell their outstanding invoices to a factoring company in exchange for immediate cash. Instead of waiting 30 to 60 days for payment, businesses can receive same-day or next-day funding. The factoring company handles invoice collections and provides your business with the working capital needed to cover operational costs, such as fuel, payroll, and equipment.
What are the benefits of transportation factoring for trucking companies?
Transportation factoring offers several benefits, including:
- Improved cash flow - Access immediate funds to cover expenses without waiting for slow-paying customers.
- No debt - Factoring is not a loan, so your company doesn't take on additional debt or interest payments.
- Easy qualification - Approval is based on the creditworthiness of your customers, not your company's credit score.
- Dedicated support - Many factoring companies provide customer service, including credit checks on your clients and invoice management, saving you time and effort.
How much does transportation factoring cost?
The cost of transportation factoring depends on factors like your invoice volume, the creditworthiness of your customers, and the factoring company's terms. Typically, factoring fees range from 1% to 5% per invoice, with lower rates for businesses with higher invoice amounts or strong customer relationships. Some providers also charge additional fees for services like credit checks or collection efforts.
How quickly can I get paid through transportation factoring?
One of the key advantages of transportation factoring is the speed of payment. Most factoring companies offer same-day or next-day payment for your invoices once approved. This provides trucking companies with faster access to working capital, helping them avoid cash flow gaps and cover immediate business expenses like fuel and payroll.
How do I qualify for transportation factoring services?
Qualifying for transportation factoring is simpler than traditional loans. Most factoring companies focus on the creditworthiness of your customers rather than your company's credit score. To qualify, your business must:
- Have outstanding invoices from reliable, creditworthy clients.
- Operate as a legitimate, registered business.
- Be able to provide proof of your delivered services (such as signed bills of lading).
- Unlike traditional financing, there are generally fewer requirements, making it an ideal solution for trucking companies needing fast and flexible funding.
