What Is Freight Funding?
Freight funding can help achieve positive cash flow for trucking and transportation companies
What is freight funding? Freight funding is the purchase of your freight bills/accounts receivables by a freight factoring company. Trucking and transportation companies in order to remain competitive sometimes must offer credit terms to their customers of 30 to 90 days, but by doing so, it may put a strain on their cash flow, freight funding is designed to eliminate these types of cash flow problems.
SIMPLE FREIGHT FUNDING 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