Bill of Lading Factoring
Bill of lading freight factoring for trucking and transportation companies
Bill of lading freight factoring, also known as freight bill factoring refers to the purchase of accounts receivables / freight bills by a factoring company, which allows a trucking company to receive funding shortly after delivering the freight/load and invoicing their customer. No need to wait 15, 30, 60 or 90 days to get paid on those invoices, we can fund up to 90%-95% of those invoices and once we collect from your customer, the difference of 5% to 10% that was held back is credited back to you less our small fee.
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
CHECKOUT THESE OTHER FREIGHT FACTORING ADVANTAGES:
- High advances on invoices / freight bills
- Competitive rates
- Flexible terms
- No more waiting up to 90 days for your customers to pay
- Grow your business by extending credit to your customers
- Simple application to funding process
- Deal directly with decision makers
- Non-recourse freight factoring (option available)
- Fuel Card for added convenience and savings at the pump
- Free load board to help you have full loads on each trip
- Manage your account online
- Submit invoices online
- Track payments and collections
- Perform free credit checks on your customers 24/7
- And more