What is freight factoring and how does it work?

Freight factoring is a specialized financial service where a trucking company sells its outstanding freight bills to a factoring company, like Single Point Capital, at a small discount. Instead of waiting 30, 60, or 90 days for a broker or shipper to pay, you receive immediate, same-day funding to cover fuel, payroll, and maintenance.

Do you offer freight factoring for new trucking authorities?

Yes. Single Point Capital specializes in providing factoring for new authorities and new owner-operators. We provide the immediate working capital you need to scale your new trucking business without requiring years of business credit history.

What is the difference between recourse and non-recourse freight factoring?

In recourse factoring, your trucking company must buy back the invoice if the broker ultimately fails to pay. In non-recourse factoring, the factoring company absorbs the loss if the broker goes bankrupt or fails to pay due to credit insolvency, offering you greater financial protection.

How do trucking fuel discount programs work?

Our trucking fuel cards allow owner-operators and fleets to access cash prices and receive per-gallon discounts at major truck stops nationwide. They integrate directly with your factoring account, allowing you to easily manage fuel advances and track fleet spending in one place.

Can you help finance a commercial truck insurance down payment?

Yes. Single Point Capital provides insurance down payment assistance, covering up to 50% of the initial premium cost. We break this down into manageable installments so you can move forward without draining your cash reserves.

Veterans Factoring Program

Single Point Capital Veteran Factoring Program

You Served. We'll Support Your Next Mission.

Your service deserves more than our thanks—it deserves our support. Exclusive factoring rates, fuel savings, startup assistance and trucking resources designed to help veterans start, operate and grow their trucking businesses.

See Veteran Discounts

Single Point Capital Veteran Factoring Program

Veteran Advantages Program

Exclusive Veteran Pricing

Same-Day Funding

Fuel Savings

Insurance Down Payment Assistance

Startup Assistance

Veteran Factoring Advantage

Special pricing for qualifying veterans

Freight Factoring

Get access to your funds quickly with flexible funding options and 24/7 support.

Fuel Savings

Save more at the pump with exclusive discounts and flexible fuel card options.

Insurance Down Payment Assistance

Get up to 50% assistance on your insurance down payment.

Free Load Board

Access our load board 24/7 and find the right loads faster.

Veteran Trucking Start-Up Program

Ready to become your own boss? We'll help you navigate the road from idea to authority to operating.

We've helped hundreds of trucking companies get started and understand the challenges that come with launching a new operation. Our team is here to be a resource and guide throughout the process, helping you navigate the steps needed to get your veteran trucking business up and running with confidence.

What we help with: