Factoring freight bills with Freight Finance gets your trucking company fast cash!

What is factoring?

Freight factoring is a financial service where trucking companies sell their invoices or freight bills to a financial service provider called a factor. Through factoring, trucking companies can get fast cash to cover day-to-day operating expenses without going into debt.

At Freight Finance, we know the trucking business and we only work with trucking companies. We understand that running a trucking business can be challenging, so we keep our factoring process simple! We can customize a factoring plan to meet the needs of all truckers regardless if you are a single truck owner-operator, or if you have a large fleet. We help you stay focused on making money rather than worrying about collecting money. We know it is difficult to pay for fuel, maintenance and payroll while your customers take 30-60 days to pay you. But factoring with Freight Finance gives you the working capital you need to keep your trucks running and to maximize your profitability.

Unlike many other factoring companies, we offer a simple factoring plan with no hidden fees. In fact, we don’t charge application fees, setup fees, documentation fees, direct deposit fees, filing fees, due diligence fees, or administration fees. We also don’t charge any monthly minimum volume fees. We have a free fuel card program that saves you money on fuel, tires and maintenance nationwide. We also have a free online Client Access Portal (CAP) that gives you 24/7 access to view and manage your account anytime, anywhere.

Freight Finance can get you cash the same day you deliver a load. In most cases we can fund off of fax or emailed copies of your load paperwork. Factoring with Freight Finance means you get immediate cash and don’t have to wait for your money. Our freight bill factoring program includes:

• Low Competitive Rates
• No Hidden Fees
• No Setup Fees
• Same Day Funding*
• Quick 24-hour Funding – Free!
• Get Paid Through Comdata or EFS*
• Free Customer Credit Checks
• We Fund from Fax or Emailed Copies
• We Do Fuel Advances
• Free Fuel Discount Card*
• Recourse and Non-recourse Options
• Free Online Client Access Portal (CAP)
  * Additional fees may apply

Additionally, we also help you identify brokers and shippers that have poor payment histories, offer advice on improving your business operations, and giving you the tools you need to operate your business with confidence. By choosing Freight Finance for your factoring needs, you can focus on building your business and finding new customers rather than spinning your wheels on collection efforts. If you are a truck owner, give us a call and see what we can do for you.

 

 

What to expect when you call Freight Finance

If you are ready to sign up or just have a few questions for us, our highly experienced account executives are here to answer any questions you may have or help get you started in the application process. Our team will ask questions to learn more about your business and identify ways we can help meet your trucking company’s needs. After you submit an application, we can then customize a factoring plan that will help you effectively manage your trucking operation. There is no obligation if you call, so give us a call today and see how we can help your cash flow!