Starting a trucking company comes with big opportunities—and even bigger expenses. From insurance premiums to fuel costs and equipment maintenance, cash flow is often one of the biggest challenges for new carriers. That’s where freight factoring services come in.

For new trucking companies looking to stay on the road and get paid fast, invoice factoring can provide the stability and support you need to grow.

What Is Freight Factoring?

Factoring is a financial service that allows trucking companies to sell their unpaid freight invoices to a factoring company in exchange for same-day or next-day payment. Instead of waiting 30, 45, or even 90 days for brokers or shippers to pay, you get most of your money up front—usually around 95% to 98% of the invoice total.

Once the broker pays the invoice, the factoring company sends you the remaining balance, minus a small fee.

Why Factoring Is Ideal for New Trucking Companies

Here’s how factoring services help new carriers hit the ground running:

1. Immediate Cash Flow

When you're just starting, waiting a month or more for payment can stop you in your tracks. Factoring keeps cash coming in to cover fuel, insurance, and truck payments.

2. No Credit History Required

New companies may not have enough business credit to qualify for loans. Factoring companies look at your customer’s credit, not yours—making it a flexible option for startups.

3. Back-Office Support

Many factoring providers offer services like invoice processing, collections, and broker credit checks—saving you time and helping you avoid payment issues.

4. Fuel Advances and Discounts

Factoring companies that specialize in trucking often provide fuel advances, fuel cards, and discounts at the pump, helping new carriers lower costs on the road.

5. Helps You Grow

With consistent cash flow, you can take on more loads, hire drivers, and invest in equipment sooner—without being limited by slow-paying customers.

What to Look for in a Factoring Company

Not all factoring companies are created equal. If you're new to the industry, look for a partner that understands trucking-specific needs:

No hidden fees or long-term contracts

Same-day funding

24/7 online account access

Carrier-focused customer service

Options for non-recourse factoring (where the factor takes on the risk of non-payment)

Final Thoughts

For new trucking companies, factoring services are more than just a way to get paid faster—they’re a foundation for smart, scalable growth. The right factoring partner can help you keep your wheels turning, avoid cash crunches, and focus on what matters most: hauling freight and building your business.