Factoring Service
Assistance in selecting a reliable factoring partner tailored to your specific business needs. Improve your cash flow and eliminate payment uncertainty.
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Maintaining a reliable, steady cash flow can mean the difference between a thriving trucking business and one that struggles to make payroll or cover fuel costs. Unpaid invoices throw a huge wrench into the works — especially if you depend on incoming funds to keep your wheels turning.
That is why Freight Services has partnered with professional factoring companies to provide our clients with freight factoring services that can make all the difference. Truck factoring — also known as freight factoring — allows carriers and owner-operators to turn unpaid invoices into immediate cash. A third-party factoring company advances typically 80–95% of the invoice value and then collects directly from the broker or shipper.
The benefits of factoring go beyond just getting paid faster. With factoring, you eliminate the uncertainty of payment cycles and can forecast your revenue with confidence. You reduce the risk of non-payment, free up capital to take on more loads, and can negotiate from a position of financial strength. It is not unusual for carriers to significantly grow their fleet after stabilizing cash flow through factoring.
At Freight Services, we are focused on protecting your profits. We do not just find you a factoring partner — we find you the right one. We help you understand the difference between recourse and non-recourse agreements, compare rates, and select a partner that aligns with your business model and cash flow needs. We already have a large and happy carrier community leveraging these services to expand their operations.
Key Features
Why Choose Our Factoring Service?
Same-Day Funding
Get paid within 24 hours of submitting your load documents — no more waiting 30, 60, or 90 days for payment.
Profit Protection
We are focused on protecting your profits. We select factoring partners who put your interests first with competitive advance rates.
Expert Partner Matching
We match you with the ideal factoring company based on your volume, equipment type, and cash flow requirements.
Broker Credit Checks
Unlimited credit checks on brokers and shippers before you take the load, so you never move freight for an uncreditworthy customer.
Common Questions about Factoring Service
What is freight factoring?
Factoring allows you to sell your unpaid invoices to a third-party company for immediate cash — typically 80–95% of the invoice value. The factoring company then collects from the broker or shipper.
What is the difference between recourse and non-recourse factoring?
In a recourse agreement, you buy back the invoice if your customer does not pay. In a non-recourse agreement, the factoring company assumes the risk of non-payment — typically at a slightly higher rate.
How much does factoring cost?
Factoring fees typically range from 1.5% to 5% of the invoice value, depending on volume and the terms of your agreement. We help you negotiate the best rates.
Can I choose which invoices to factor?
Yes. You can choose spot factoring (select invoices only) or contract factoring (all invoices). We help you determine which model works best for your business.