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What is freight factoring?

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A truck factoring service, also known as freight factoring, enables carriers and owner-operators to convert unpaid invoices into cash. Essentially, a third-party freight factoring company purchases these outstanding accounts receivable at an advance rate of 80% to 90% of their total value, and then takes care of collecting the payments on those unpaid invoices.

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Why You Should Consider a Truck Factoring Service

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In the trucking industry, factoring means that a third party assumes the risk of non-payment for invoices. For many trucking companies, selling invoices at a discounted rate to a freight factoring specialist can be beneficial. This arrangement provides immediate funds, allowing them to cover overhead costs or take on additional jobs to increase their revenue.​

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Carrier Requirements

• 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

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