Services: Freight Bill Factoring

Can’t wait up to 60 days to get paid for your freight bills? If you own a trucking company or freight brokerage, we can help you. We can finance your freight bills though and provide you with cash within 24 hours, so you don’t have to wait to get paid. We are transportation factoring specialists and work in the USA and Canada.

What can freight bill factoring do for your business?

Waiting 30 to 60 days to get paid for your freight bills can be challenging for any trucking company or freight brokerage. There are drivers, repairs and fuel that must be paid. Factoring your freight bills allows you to get paid quickly, providing you with needed working capital for your business.

Freight factoring provides you with predictable cash flow and eliminates the uncertainty of waiting to get paid by your customers or brokers. As opposed to other types of financing, freight factoring is easy to obtain and can be set up in a few days.

Get an instant quote now! Rates as low as 1.5%. Advances as high as 97%

Click here for an instant online quote. We offer competitive freight factoring rates. You can also call us at toll free at (877) 300 3258.

How does transportation factoring work?

Transportation factoring is simple to use and quick to set up. And once it’s setup, it provides you with constant and predictable cash. Here is how a sample transaction looks like:

  1. You deliver the freight load to your customer
  2. You send the freight bill to the customer and submit a copy to us
  3. We advance you funds - usually the same day
  4. You get to use the funds as you wish. We wait to get paid by the customer
  5. Once your client pays us, the transactions is settled

Freight bill factoring costs

The cost of factoring your freight bills varies based on two variables. First, the creditworthiness of your clients or freight brokers. Second, your factoring volume. Usually higher volumes are factored at lower rates. Our freight bill factoring rates go from 1.5% to 3.5% per month, based on these criteria. We can also offer flat rates and full advances (no reserve) to qualifying trucking companies and freight brokers. Please click the link to get an instant online freight factoring quote or call (877) 300 3258 for a quote.

Want to learn more about freight factoring?

If you want to learn more about freight bill factoring, please visit our Transportation Factoring Resource Center.