Freight Loans
Freight Factoring for Carriers and Transportation Companies
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A freight loan is not freight factoring; a freight loan is typically a term business loan, and it would not be the right option for a trucking company that is invoicing its customers on 30- to 90-day credit terms. If you are offering credit to your customers, a freight factoring facility is the right solution.
Freight factoring helps cash flow when carriers have outstanding unpaid invoices or freight bills. It provides cash shortly after you have delivered your load, regardless of the credit terms you've extended to your customer.
To learn more about how freight factoring can help your trucking company, please use this short form. One of our freight factoring specialists will get back to you shortly.