In the trucking industry, delivering loads on time is only half the battle. The other half? Getting paid. Unfortunately, many trucking companies wait 30, 60, or even 90 days to receive payment from brokers or shippers. That kind of delay can create serious cash flow problems.
If you want to get paid fast for truck deliveries, one solution stands out above the rest—freight factoring.
The Problem With Slow Payments in Trucking
Waiting weeks or months for payment can put your business at risk. When cash flow is tied up in unpaid invoices, you may:
- Struggle to pay for fuel and tolls
- Delay truck repairs and maintenance
- Miss opportunities for high-paying loads
- Rely on costly loans or credit cards
This is why more owner-operators and fleets are turning to factoring for trucking companies.
What Is Freight Factoring?
Freight factoring—also called invoice factoring for truckers—is when you sell your unpaid freight bills to a factoring company in exchange for immediate payment. Instead of waiting for your customer to pay, your factoring partner advances you most of the invoice amount right away (often within 24 hours) and collects payment directly from the broker or shipper.
With factoring, you can complete a load today and have the money you need for your next haul tomorrow.
Benefits of Factoring for Trucking Companies
Get Paid the Same Day: Many factoring companies, including Single Point Capital, offer same-day funding so you never have to wait for your money.
No More Chasing Payments: Your factoring provider handles collections, so you can focus on driving and booking loads instead of tracking down brokers.
Steady Cash Flow: Factoring turns your unpaid invoices into reliable working capital, helping you cover expenses without stress.
Credit Checks on Brokers & Shippers: A quality factoring company will run credit checks so you only haul for customers with a history of paying on time.
Extra Perks for Truckers: Many factoring programs include fuel advances, trucking fuel cards, dispatch support, and other services designed for the transportation industry.
How Factoring Works
- Deliver your load as usual
- Submit your invoice, proof of delivery, and rate confirmation to your factoring company
- Receive your advance—often within hours
- The factoring company collects payment from your customer
Why Factoring Is the Fastest Way to Get Paid for Deliveries
Unlike traditional financing, factoring isn’t a loan—it’s a payment solution based on the work you’ve already completed. That means:
- No debt or interest to worry about
- Funding based on your customers’ credit, not yours
- Money in your account when you need it, not weeks later
Final Takeaway
If you want to get paid fast for deliveries and keep your trucks moving, factoring is the smartest option. It provides immediate cash flow, removes the hassle of collections, and offers tools that make running your trucking business easier.
At Single Point Capital, we provide factoring solutions designed specifically for trucking companies and owner-operators. With same-day funding, broker credit checks, fuel programs, and dispatch support, we help you turn every delivery into cash—fast.