Why Use Freight Factoring? It is a Business Financing Alternative for No-Loan Cash

Factor Your Freight Fast with TruckingFactor.com






Today:

Itís Never Been Easier to Get Cash for Your Invoices!

  • Convert Your Freight Invoices to Cash
  • Same Day Funding
  • Easy Application Process
  • Little or No Business History Welcome
  • Distressed Credit Welcome
  • Small Trucking Companies Welcome
  • Freight Brokers Welcome
  • No Long Term Contract

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 Why Use Freight Factoring?

Simply, it's a powerful tool to provide liquidity to your trucking business. Typically, cash flow problems can occur when a freight company has to wait for a period of 30 to 60 days or more to get paid.

Therefore, when factoring your freight bills, your trucking business receives an immediate cash injection from TruckingFactor.com, rather than having to wait for a payment.

Furthermore, when you decide on factoring your freight invoices, it greatly reduces the risk of not getting paid by a broker or shipper.

Now the instant cash that is provided by factoring (selling) your freight bills, can be used for whatever reason your want, such as:

  • Paying Drivers
  • Paying for Fuel
  • Paying Insurance
  • Paying Taxes



 How Much Does Freight Factoring Cost?

As we all know, freight factoring is not free, but when used properly, it can more than pay for itself. The idea is to have cash in hand rather than chasing the full amount of the invoice.

Typical fees are a few percent of the invoice amount depending on several factors such as the volume of factored invoices & how long your customers take to pay.  Some of our fees are as low as 1.5%.  Regardless, when you use factoring to grow your business, your bottom line should increase because the additional profitable business you are now able to add and should more than offset the factoring costs.



 Freight Factoring FAQ.

Freight Factoring (Accounts Receivable Financing) is a widely used by the trucking industry and viable financing solution for all types of businesses that extend credit terms to their customers. Here are some common questions our customers ask.



TruckingFactor.com provides freight bill and freight broker factoring services, accounts receivable financing, and cash flow services nationwide including Houston, TX; Dallas, Texas; Austin, TX; San Antonio, Texas; Atlanta, GA; Albuquerque, NM; Phoenix, AZ; Nashville, TN; Indianapolis, IN; Oklahoma City, OK
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Freight Factoring is a Business Financing Alternative for No-Loan Cash