Freight Factoring 101
Freight factoring is blood flow to cash flow
Freight factoring 101. What is freight factoring? Freight factoring is the purchase of accounts receivables/freight bills. No need for trucking and transportation companies to wait 30 to 90 days for their customers to pay, with freight factoring, which is a necessary financial tool, truckers, carriers, and freight brokers can receive an advance of funds/cash in as little as one day from the moment their load is delivered.
SIMPLE PROCESS
- Complete the simple application process (via email)
- Get approved (agreement is then signed)
- You submit invoices (invoices are verified)
- Funds are deposited into your bank account
PROGRAM FEATURES
- Maximum: $35 Million (availability as you grow)
- High advances on freight bills
- Non-recourse option available
- Competitive rates (Our objective is to beat the competition)
- Flexible terms
- No more waiting up to 90 days for your customers to pay
- Grow your business by extending credit to your customers
- Fuel cards
- Free load board
- Free credit checks on your customers
- Free invoicing and collections
- Simple to use online account management
- Submit invoices online
- Track invoices, payments and collections
- Designated account manager
- And more