What Is Freight Bill Factoring?
Freight bill factoring is a solution for trucking
and transportation companies to maintain positive cash flow
What is freight bill factoring for trucking and
transportation companies? Freight bill factoring is the purchase by a
freight factoring company of accounts receivables/freight bills from
trucking companies including owner-operator truckers.
Freight bill factoring also known as trucking factoring can help truckers with cash flow when cash is tight due to outstanding invoices. No more waiting 30 to 90 days to get paid by your customers, sell your freight bills/invoices to a freight factoring company, and have access to your cash right after load delivery.
SIMPLE FREIGHT BILL 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