Freight Loans
Freight loans or freight factoring for carriers, trucking and transportation companies
A freight loan is not freight factoring, a freight loan is typically a term personal loan or a secured loan, and it would not be the ideal option for a trucking company that is invoicing its customers on 30 to 90-day credit terms. A freight factoring facility is designed to help with cash flow when the carriers have invoices/freight bills not yet collected as per the invoice term.
SIMPLE FREIGHT FACTORING 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
- From $20,000 up to millions (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