Factoring Freight

Welcome to Factoring Freight. We specialize in providing innovative Freight Factoring solutions to meet the needs of small to mid-sized Trucking Companies all across the United States.

Factoring Freight provides Freight Factoring lines of Credit to trucking companies with fleet sizes ranging from 2 trucks all the way up to 1000 trucks. Our Carriers come from virtually every trucking segment imaginable.

At Factoring Freight, we distinguish ourselves from other Factoring Freight with our “Get it Done” culture.  We challenge our staff to find innovative solutions to meet our customer’s factoring needs. We understand Trucking!

Freight Factoring programs are custom tailored for you by our highly trained Factoring Freight advisors using our exclusive “Fast Track” approval system. In most cases we can provide you with one or more Freight Factoring solutions and a rate quote in just 5 Minutes. 

Want to learn more? Please Call 800.280.3335

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More information about Factoring Freight

Factoring Freight is a leading Freight Factoring Company serving the region.  Factoring Freight provides Factoring and Accounts Receivable Financing options for Trucking Fleets that haul a wide variety of cargo.

At Factoring Freight we understand the Trucking business. We have helped thousands of trucking companies over the years. Our success comes from the fact that we understand that every trucking company has different needs and we customize those needs accordingly through our Factoring Freight programs.

Factoring Freight programs offer some of the highest advances and lowest Freight Factoring Rates in the industry. However, there is much more to a successful Factoring Freight relationship then high advances and low rates. All of our Freight Factoring programs are complemented by our best in class services including Risk Assessment, AR Management, Billing, Collection, Treasury, and 24/7 web reporting.

Factoring Freight customers receive a free online subscription to FreebrokerCredit.com, America’s leading Freight broker credit reporting service. This service allows dispatchers the ability to check Freight Broker Credit real time 24 hours a day 7 days a week.

Factoring Freight customers can also sign up for the 24-7 Fuel Card. The 24-7 Fuel Card is a NO Hassle service-oriented fuel card accepted at over 10,000 truck stops in United States and Canada. The 24-7 Fuel Card is easy to use, simple to manage, and accepted at Truck stops, Fuel Stops and Travel Centers nationwide.

If you are running 2 trucks or 1000 trucks, Factoring Freight customers can take advantage of the all the options the 24-7 fuel card has to offer, including where you can purchase your fuel. The 24-7 Fuel Card is accepted at the leading Truck Stops, Fuel Stops and Travel Centers Nationwide including Flying J, Petro Truck Stops, Pilot Travel Centers, Travel Centers of America, Wilco Hess Travel Plazas, and other fine Truck Stops.

The 24-7 Fuel Card Offers

• Fuel Discounts at major Fuel Stops, Truck Stops and Travel Centers

• Cash Advance Capability at all major Truck Stops, Travel Centers and Fuel Stops

• Daily Reporting

Factoring Freight process

Freight Factoring is a financial transaction whereby a business sells its accounts receivable (invoices) to a Freight Factoring Company at a discount in exchange for immediate cash.

Freight Factoring is different from a bank loan in two significant ways. First, the Factoring Freight place the emphasis on the value of the receivables, not necessarily the firm’s credit worthiness or fixed assets. Second, factoring is not a loan – it is the purchase of a financial asset (the receivable). The receivable is a financial asset associated with the debtor’s liability to pay money owed to the seller for work performed or goods sold. The seller sells its invoices (the receivables) at a discount to the Factoring Freight to obtain the cash needed for day-to-day operations.

The sale of the receivables (or invoice) transfers ownership of the receivables to the Factoring Freight. The account debtor is then notified of the sale and then remits payment directly to the Factoring Freight Lockbox.

There are three integral parts to a factoring transaction.
1. The Fee - This is the amount Factoring Freight will charge you for the service. Most Factoring Freight will charge you a Factoring Fee also known as a service charge as well as interest based on how long it takes the debtor to pay.
2. The Advance - This is the percentage of the Face value of the invoice you will be paid upon submission of that invoice.
3. The Reserve - This is the remainder of the total invoice amount held until the payment by the account debtor is made in full.

There are many different ways Factoring Freight refer to this service including, Truck Factoring, Freight Bill Factoring, Trucking Factoring, and Freight Invoice Factoring.

At Factoring Freight we provide our Freight Factoring service to a wide variety of small to mid-sized companies. We have earned a reputation for providing world-class service to companies who need Factoring lines for their businesses.  When searching for Factoring Freight, look no further than Factoring Freight.

Banks often call their factoring programs Factoring Loans. Don’t be confused with this statement because factoring your accounts receivables is not a loan. Factoring is simply the sale of your Invoice at a discount to a Freight Factoring Company.
 
Are you interested in learning more about Factoring Freight?

Call today and talk to one of our factoring specialists. Our factoring specialists will give a free consultation on how invoice factoring can help your business succeed.  With Factoring Freight there is no red tape to cut through or bureaucratic maze to navigate. We make the factoring application process simple and straightforward, and we’ll get you approved in just 5 minutes.

Want to learn more about Factoring Freight? Call 800.280.3335 or Click here

Factoring Freight provides its service to every type of trucking business including:

Factoring Freight for Beverages Haulers	Factoring Freight for General Freight Carriers
Factoring Freight for Building Materials Trucking	Factoring Freight for Heavy Haulers
Factoring Freight for Cargo Tank Carriers	Factoring Freight for Heavy Machinery Haulers
Factoring Freight for Chemicals Haulers	Factoring Freight for Hot Shot Trucking
Factoring Freight for Coal Coke Trucking	Factoring Freight for Intermodal - Dryage Trucking
Factoring Freight for Cold Food Carriers	Factoring Freight for Liquid Gas Carriers
Factoring Freight for Concrete - Pumping and Delivery	Factoring Freight for Livestock Haulers
Factoring Freight for Construction Hauling	Factoring Freight for Local Carriers
Factoring Freight for Contract Hauling	Factoring Freight for Log Pole Trucking
Factoring Freight for Dispatch Services	Factoring Freight for Lowboy Trucking
Factoring Freight for Drop Deck Fleets	Factoring Freight for Meat Carriers
Factoring Freight for Dry Bulk Carriers	Factoring Freight for Metal Sheet Haulers
Factoring Freight for Dump - Trucking	Factoring Freight for Mobile Home Haulers
Factoring Freight for Farm Supply Carriers	Factoring Freight for Oilfield Services Fleets
Factoring Freight for Federal & State Contracts	Factoring Freight for Paper Products Carriers
Factoring Freight for Flatbed Carriers	Factoring Freight for Produce Carriers
Factoring Freight for Freight Agents	Factoring Freight for Refrigerated Haulers
Factoring Freight for Freight Brokers	Factoring Freight for Utility Fleets
Factoring Freight for Freight Forwarders	Factoring Freight for Van Fleets
Factoring Freight for Grain Feed Haulers	Factoring Freight for Water Well Fleets

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