​

What is freight factoring?

​

Truck factoring service — freight factoring — allows carriers and owner-operators to turn unpaid invoices into cash. Essentially, a third-party freight factoring company for trucking will effectively buy those outstanding accounts receivable at an advance rate of 80% to 90% of the value and then collect on those unpaid invoices.

​

 

Why You Should Consider a Truck Factoring Service

​

Factoring in the trucking industry means someone else takes the risk of non-payment. For many trucking companies, even getting a discounted amount for invoices is well worth getting a freight factoring specialist for trucking companies since they have immediate funds with which they can pay overhead costs or even take on additional work to make more money.

​

​

​Carrier Requirments 
Valid CDL/DOT
Active MC Authority 
Signed W-9
Active Cargo & Liability Insurance 
Signed Carrier/Dispatcher Agreement
NOA's (if applicable)
New Authority is Welcome
 

​