Question 1

What is freight factoring?

Accepted Answer

Freight factoring is a financing option where a trucking company sells an outstanding invoice to receive cash sooner rather than waiting for a broker or shipper to pay.

Question 2

How fast can I get funded?

Accepted Answer

Funding speed depends on account setup and invoice verification. After onboarding, many clients can receive funding quickly once required paperwork is received and the invoice is verified.

Question 3

What paperwork do you typically need to factor an invoice?

Accepted Answer

Common documents include the invoice, rate confirmation, and proof of delivery (POD). Additional documents may be required depending on the broker or shipper.

Question 4

Do you work with new trucking companies?

Accepted Answer

Yes. Approval depends on the broker or shipper’s credit and standard verification requirements, not only time in business.

Question 5

Do I have to factor every load?

Accepted Answer

Some programs allow flexible factoring while others have minimum requirements. The best approach depends on your cash-flow needs and the program you choose.

Question 6

What fees do you charge for factoring?

Accepted Answer

Factoring fees vary based on factors like broker credit, invoice volume, and payment terms. Contact us for a quote based on your business.

Question 7

Where do you provide service?

Accepted Answer

We serve trucking businesses across the United States, excluding California, Alaska, and Hawaii.

Question 8

How do I get started?

Accepted Answer

To get started, contact our team to review your setup and the brokers you haul for. We’ll guide you through onboarding and the documents needed for funding.