How do I get set up for factoring?

Our setup process is very straightforward. It begins with a short application, which is reviewed by our in-house underwriters. Once approved, you receive a factoring agreement to sign, and from there, you are ready to get paid faster.

Factoring for trucking companies is designed to keep cash flow steady by turning unpaid freight bills into immediate working capital. Instead of waiting on a trucking company’s customers to pay invoices, a freight factoring service allows carriers and small trucking businesses to focus on running a trucking operation without delays.

There are different types of factoring, such as recourse or non-recourse factoring, and factoring rates vary depending on the factoring company you choose. The factoring process is simple: Companies sell invoices to a freight factoring company, which then advances funds at competitive rates. This factoring service can help trucking companies of all sizes, from small business carriers to mid-sized trucking fleets, improve cash flow, cover expenses, and keep their company’s business moving forward.