What is Factoring?

Factoring is a type of financing businesses use to get immediate cash. With factoring, businesses can get an advance on invoices in 24 hours or less. So instead of waiting 30, 60, or even 90 days for customer payment, companies use factoring to get cash immediately.

Need funding to grow your trucking business?

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 so that you can quickly grow your base.

Single Point can help right away

Sign up online for free.  We will begin right away getting you approved and within our system so that you can start submitting your invoices to us.

Sign Up Today!

Free Customer Credit Checks

Once you are approved, you will have access to our online credit system where you can make informed decisions about taking loads from brokers that may pay slowly or not at all.  It keeps your business running more smoothly and helps keep freight brokers accountable.

Perform Your Contractual Obligations (Haul your loads)

Just keep doing what you do best.  Find loads and get them from point A to point B.  Submit those invoices to us and we will process them the same day.

truck driving with freight

Get Paid the Same Day!

Once we receive your funding packages and supporting documents, we will process them on our end and payout the invoice to you via ACH, wire transfer, or other established method that is convenient for you.