For truck drivers and trucking companies, managing cash flow while keeping fuel costs low is a constant challenge. Fuel is one of the biggest expenses in the industry, and waiting 30 to 90 days for freight payments can make it difficult to cover fuel costs in real-time. That’s where factoring with fuel discounts comes in—offering a smart way to maintain cash flow while saving money at the pump.

If you're new to factoring or wondering how it works alongside fuel savings, here’s everything you need to know.

What is Factoring?

Freight factoring is a financial service that allows trucking companies to get paid faster by selling their unpaid invoices to a factoring company in exchange for immediate cash. Instead of waiting weeks for brokers or shippers to pay, factoring provides same-day or next-day funding, helping cover expenses like fuel, maintenance, and payroll.

How Factoring Works:

Deliver a Load – Complete your haul and submit the invoice to your factoring company.

Get Paid Quickly – Instead of waiting for payment terms (30-90 days), you receive an advance—typically 80-95% of the invoice amount.

Factoring Company Collects Payment – Once the broker or shipper pays the invoice, the factoring company releases the remaining balance (minus a small factoring fee.

Factoring helps trucking companies maintain steady cash flow and avoid financial strain while waiting for payments.

The Advantage of Factoring with Fuel Discounts

Pairing factoring with a fuel discount program offers truckers a double benefit: access to fast cash and immediate fuel savings. Here’s how it works:

Instant Fuel Funding – Use factored invoices to load funds onto a fuel card, eliminating the need to pay out of pocket for fuel.

Fuel Discounts at Major Truck Stops – Many factoring companies, like Single Point, offer fuel discounts through partnerships with truck stop networks.

Better Cash Flow Management – Instead of juggling expenses while waiting on payments, factoring allows truckers to cover fuel, repairs, and other costs immediately.

No Credit Check Required – Unlike traditional business loans or credit lines, factoring approval is based on your customers' creditworthiness, making it easier to qualify.

With factoring and fuel savings combined, truckers can keep more money in their pockets and stay on the road without financial stress.

Who Benefits Most from Factoring with Fuel Discounts?

This solution is ideal for:

Owner-Operators – Running a trucking business alone means handling both operations and finances. Factoring with fuel discounts helps owner-operators keep trucks moving without cash flow gaps.

Small to Mid-Sized Fleets – Fleets with multiple trucks have higher fuel costs and payroll to manage. Factoring ensures they can cover expenses without delays.

New Trucking Companies – Businesses that have recently started operating may not have enough working capital. Factoring with fuel discounts allows new carriers to build momentum while keeping fuel costs low.

Why Choose Single Point for Factoring & Fuel Discounts?

At Single Point, we understand the financial demands of trucking, which is why we offer:

Fast & Reliable Factoring – Get paid within 24 hours of invoicing.

Exclusive Fuel Discounts – Save at major fuel stops across the country.

Fuel Advances – Get cash upfront for fuel when needed.

No Long-Term Contracts – Flexible factoring solutions tailored to your business.

Dedicated Support – Our team is here to help truckers succeed with simple, hassle-free financial solutions.

By factoring with Single Point, you get more than just fast payments—you get a complete fuel savings program designed to keep your business running smoothly.

Keep Moving Without the Financial Roadblocks

Fuel costs and cash flow don’t have to slow you down. With factoring plus fuel discounts, you can save on every gallon, get paid faster, and focus on growing your business factoring and fuel programs can help you keep more money in your pocket and stay ahead in the trucking industry.