Name: 1st Trucking Factoring
Address: United States
Telephone: 1 (888) 331-3839
Price range: competitive rates

1. Do you work with smaller carriers?

Yes, we provide a freight factoring product designed specifically for carriers operating with 1 to 3 trucks. This service is non-recourse, offering advances of up to 95% or higher.

2. Are you able to provide funding for larger carriers that are looking for monthly advances of $500,000 or more?

Yes, we can offer funding to carriers seeking monthly advances of $500,000 or more, including amounts in the millions. This funding is non-recourse, with advances available as high as 98%.

3. How does the fuel program work?

Our freight factoring package features an attractive fuel program that provides various benefits. With the fuel card, you can access discounts and incentives for your gas purchases. Beyond fuel costs, the card can also be used for other truck-related expenses, such as maintenance, tolls, tires, and more.

4. Do you offer non-recourse freight factoring?

The factoring facility is non-recourse, which minimizes the risks related to invoice non-payments. This means that carriers are safeguarded against losses if their clients fail to make payments.

5. How does the 1stTruckingFactoring.com platform work?

1stTruckingFactoring.com, along with TruckingFactoring.com and TruckingFactors.com, serves as a trucking factoring platform and marketing brand for our parent company, including its subsidiaries, divisions, affiliates, and partners. This organizational structure allows us to provide a wide variety of freight factoring solutions tailored to the specific needs of trucking companies. By leveraging our extensive network, we offer competitive rates and flexible terms designed to support carriers in their success.

6. Do you work with trucking companies in Canada?

Yes, we collaborate with carriers across North America, covering most U.S. states and Canadian provinces. Our platform allows us to effectively address the funding needs of transportation companies while consistently fulfilling their freight factoring requirements.

7. Do you work with startup carriers?

Yes, freight factoring can benefit startup trucking and transportation companies, as well as most types of carriers that invoice their customers on credit terms. For newly established carriers with clients requesting credit terms of 30, 60, or 90 days, a freight factoring facility helps maintain cash flow without requiring you to wait for your customers to pay.

8. Do you work with freight brokers?

We provide factoring services tailored for freight brokers with an established customer base. Building carrier loyalty begins with prompt payments and a smooth service experience. Our efficient processes guarantee that your carriers receive their payments without delay.

9. What is the expected timeframe for funding?

Each situation differs. The application-to-funding process takes 2–5 business days, depending on how quickly we receive the application, paperwork, and invoices. Funding usually takes 24–48 hours after approval. Larger or more complex transactions may take longer. Our goal is to fund deals quickly.

10. How do I get started?

To start the simple process, please click on the QUICK FORM. A team member who serves your local area will contact you shortly.

FAQs

Frequently asked questions