In the trucking industry, time is money—and waiting 30 to 90 days for payment can seriously slow down your business. Whether you're an owner-operator or managing a small fleet, delayed payments from brokers or shippers can make it tough to cover fuel, maintenance, insurance, and driver pay.
That’s where freight factoring comes in. It’s one of the fastest and most reliable ways to get paid for your loads—without the long wait. Here's how it works and why so many trucking businesses rely on it to stay on the road and in control.
What Is Freight Factoring?
Freight factoring, also known as truck factoring, is a financial service where a factoring company buys your unpaid freight invoices and pays you the same day or next day. Instead of waiting weeks for your customer to pay, you get instant access to your money—minus a small fee.
For example, you deliver a load, submit your invoice and rate confirmation to the factoring company, and they send you up to 99% of the invoice amount within hours. Then they handle all the back office and collections of the invoice.
Why Getting Paid Faster Matters
Running a trucking business comes with constant expenses—fuel, tolls, repairs, driver wages, and insurance all add up. Fast payments give you the ability to:
- Take on more loads without cash flow issues
- Cover fuel and maintenance without dipping into savings
- Stay ahead of bills and avoid late fees
- Keep drivers happy with timely pay
- Invest in growth—hire drivers, buy equipment, or expand your routes
Waiting weeks for payment can slow down operations, create stress, and even cost you business opportunities. Factoring solves that problem.
Top Benefits of Freight Factoring
- Same-Day or Next-Day Payment: No more waiting weeks for brokers or shippers to pay. You get paid fast—usually within 24 hours of delivering a load.
- Reliable Cash Flow: Factoring creates consistency. You know exactly when and how much you’re getting paid, which makes budgeting easier.
- No More Chasing Payments: The factoring company handles collections, so you don’t have to make follow-up calls or track down late payers.
- Fuel Advances: Many factoring companies offer fuel advances before delivery, helping you cover upfront trip costs.
- Customer Credit Checks: Good factoring partners provide credit checks so you can avoid doing business with brokers who pay late or not at all.
- Support for Growing Fleets: As your business grows, your need for steady cash grows too. Factoring scales with you.
How Single Point Capital Helps You Get Paid Faster
At Single Point Capital, we specialize in customixable freight factoring solutions built for trucking businesses. Whether you’re just starting out or growing your fleet, our team makes sure you have fast, reliable access to your money—when you need it most.
Here’s how we help you stay on the road and ahead of the game:
- Same-Day Funding: Deliver today, get paid today. Our fast funding helps you keep moving without financial delays.
- No Hidden Fees: Clear, upfront pricing and transparent terms mean no surprises.
- Fuel Advances & Discounts: Get paid before delivery and save at the pump with our Single Point Fuel Card.
- Dedicated Account Reps: Bilingual support and personalized service to keep your business running smoothly.
- More Than Just Factoring: We also assist with insurance, compliance, dispatching, and credit services—so you have one point of contact for everything.
Don’t Let Slow Payments Stall Your Business
Getting paid faster for your trucking loads is more than just convenient—it’s a competitive advantage. Freight factoring gives you the cash flow you need to operate efficiently, take on more loads, and grow your business with confidence.