Freight Broker Factoring
Expand Your Freight Brokerage Faster
Manage your carrier payments seamlessly.
Carrier Payment Services for Freight Brokers
We understand that freight brokers may face constant challenges—slow-paying shippers, increasing competition, and strict compliance requirements. Single Point Capital provides factoring solutions designed to keep your cash flow moving and your business thriving. With competitive rates, fast carrier payments, and dedicated account reps to support your needs, we also handle all the invoicing and collections so you can focus on growing your brokerage business.
Benefits of Freight Broker Factoring
Fast
Payments
Customized payment options for instant cash flow
Grow Your
Business
Available capital supports the growth and success of your brokerage
Attract
Carriers
Build your credit with factoring and start establishing and building Your business
Focus On What
Matters
Your dedicated account rep will handle the invoicing and collections
Earn More with
Referrals
Receive competitive commissions for referring clients to Single Point
Simple Set Up
Frequently Asked Questions
About Freight Broker Factoring
What is freight broker factoring, and how does it work?
Freight brokers partner with factoring companies like Single Point to sell their invoices for immediate cash flow—minus a small fee—rather than waiting 30 to 90 days for shippers to pay.
How much does freight broker factoring cost?
Factoring fees generally vary from 1-5 %. Advance rates can be anywhere between 80 and 95%. Additional costs associated for services like credit checks, setup fees, or collections can vary depending on the factoring company and the scope of services. Make sure to do your research and see what works best for your business needs.
Does factoring help with carrier payments?
Factoring can help with carrier payments by providing freight brokers with fast access to cash. When brokers factor their invoices, the factoring company can pay carriers directly, often on the same day or within 24 hours. This ensures carriers are paid quickly, helping brokers maintain strong relationships and avoid delays, while improving cash flow and operational efficiency. Factoring is an essential tool for freight brokers looking to streamline their payment processes and keep their business running smoothly.
Are there additional services included with factoring solutions?
With Single Point, freight brokers gain access to a range of valuable services, including referral commissions, personalized account management, free credit checks, and the Single Point App. Your clients will also benefit from our fuel card program, premium financing, dedicated support, and more. Single Point is your all-in-one solution for streamlined operations and enhanced profitability.
Get paid the same day for your freight bills to improve your cash flow with competitive rates.
Single Point Capital provides factoring solutions designed to keep your cash flow moving and your business thriving.
Flexible financing options to assist with your commercial truck insurance needs.
Save on fuel costs with our exclusive fuel cards and discounts tailored for truckers with average savings of 41¢ a gallon.
Discover how becoming a preferred carrier with Single Point Logistics connects you with profitable loads.
A customized, full-service package of guidance and solutions to help you start a trucking company.
Get fast, reliable cash flow for your business with invoice factoring tailored for your business.
