Hopper Bottom Freight Factoring | Grains and Aggregates Factoring

GET STARTED

---

Cash Flow Solution

Hopper bottom freight factoring provides an excellent cash flow solution, particularly for carriers transporting grains, bulk commodities, and aggregates that invoice their customers on credit terms.

Factoring enables carriers to access funds from their unpaid invoices and freight bills, eliminating the need to wait 30 to 90 days for customer payments.

There are certain basic points to consider, including

• The carrier cannot operate as a sole proprietorship
• We treat a hopper bottom factoring deal like any other freight factoring facility
• There could be certain issues if the carrier is dealing with a product under the Perishable Agricultural Commodities Act (PACA)
• There might be a problem if the carrier is delivering the load subject to payment
• Or if the carrier is a distributor or middleman, and there are concerns, such as the farmer getting paid for the grain

However, if the carrier is hauling the product like any other load, there should not be a problem or additional complications.

Other Criteria:

• In business for at least six months
• Minimum of $25,000 in open receivables
• Well-established client base
• Minimum of two customers to factor

More Information

For more information about freight factoring and the cash flow benefits it offers carriers, please reach out to us using this short form. The representative for your area will respond to you promptly.

---

more information