Factoring
We pay cash for your slow paying freight bills. Having to wait 30 to 60 days to get paid for your freight bills can be very difficult. If you are working with reputable clients and freight brokers, we can help you get paid quickly, usually in 24 hours. We work with trucking companies and freight brokers in the USA and in Canada. Our freight bill factoring financing program allows you to
turn your slow paying freight bills into immediate cash - eliminating the wait. We provide you with the money to make critical payments to drivers and suppliers, while we wait to get paid by your customer. Freight factoring is very easy to qualify for, quick to set up and inexpensive to use. FREIGHT FACTORING BENEFITS
Using freight factoring can help your transportation company grow - and grow quickly. Here are some of its benefits:
Eliminates the worry of guessing when you will be paid
Allows you to take new loads with confidence
Provides you with money to pay drivers, buy fuel and pay for repairs
Eliminates your collections worries
Grows with your trucking business. Increasing your financing line easy and fast
Can be set up in a couple of days
HOW DOES FREIGHT BILL FACTORING WORK? Freight bill factoring is easy to use and widely accepted in the transportation industry. Here is how it works:
You submit a freight bill that you want to finance to us
We advance you between 75% - 90% (sometimes more!) of the invoice/bill of lading. The remaining (non advanced) funds will be rebated as soon as the invoice is paid by your client
We handle all collection activities
Once the freight bill is paid, then we rebate the remaining reserves, less our fee. Monthly fees are very affordable and range between 1.5% to 5%.
