Transportation & Freight Bill Funding
Get Load – Deliver – Bill – Receive Cash Within 24-48 Hours or Less and Move-on. It’s Done!
What is transportation and freight bill factoring?
It means to keep on rolling! The one thing you don’t want to worry about is cash flow. With Factor Funding for truckers you won’t have to. You’ll receive immediate cash on freight bills paid directly to you, your bank account or your fuel card account –whether it is one or multiple accounts.
It means that you simply set up an account to fund your invoices, so each time you complete a delivery you can submit your freight bill to receive funds immediately. The funds will be conveniently paid to you either by wire into your bank account, check mailed to you, or funds deposited into your fuel card account, whichever is convenient.
Our Fuel Cards are accepted nationwide. So, you will always have the cash you need on time. Which means is you will reduce or eliminate cash flow problems in your business for good and be able to:
- Take your business to the next level
- Haul more loads and complete more deliveries for current customers
- Expand your business / buy more trucks
- Take on more new customers
- Increase your bottom-line
- Have Peace of Mind
You don’t have time to waste waiting for payments or massaging cash. You’ll receive cash on freight bill without the wait. Pay a little and get a lot! Get what you work for and deserve –Peace of Mind.
You’ll also get discounts on fuel by using our fuel card as well as discounted load board membership to help you find loads.
Four Funding Options to Choose From:
- 1) Kick Start Hassle Free Funding Program
$0 – $50,000 per month, 93% advance, 7% fee, no long-term contract, no minimum volume requirement, no recourse, no reserve holds, and no bad debt charges, nothing! Factor when you want or need to. We will do all the billing and collections.
- 2) Express Maximum Cash Fast Program
From $20K – $75,000 per month, 95% advance, 5% flat fee, 6 – 12 months term contract, no recourse, no reserve holds, and no bad debt charges.
- 3) Premium Multi-Unit Owner Operator / Growing & Junior Fleet Program
From $75K – $250,000 per month, up to 90% advance, rates starting from 2% per month, flexible 12 months term contract, and the balance of 10% minus fee will be rebated to you after collection.
- 4) Full Fleet Flexible Program
From $250K per month, up to 90% advance, fees as low as 1.75% per month, 12 months term contract, and the balance of 10% minus fee will be rebated to you after collection.
With our simple qualifying criteria, most truckers are accepted if:
- You have your own Operating Authority / MC# (Single or Multi-unit Operator or Fleet)
- You’re properly licensed, insured, and authorized to operate
- You have full legal rights to bill for completed deliveries
- You work with credit-worthy and reputable customers
- You own the invoices / accounts receivable, and they are not pledged or liened as collateral by other lenders
The main requirement is you complete the deliveries and send in the signed Way Bill along with invoices and any support documents, to receive cash within 24 hours after approval. It’s done! Keep rolling in compliance with your local and/or Federal Department of Transportation (DOT) and Federal Motor Carrier Safety Administration (FMCSA).
You don’t make money unless your truck is on the road. So, we make it possible to keep on rolling. Apply today for your very own transportation and freight bill funding account. Application is simple, easy, and fast. Additional services include:
- Start-up and compliance services
- Customized fuel card with fuel discounts
- Fuel tax reporting
- Driver log auditing
- Discounted insurance services
- Discounted shipping services
- Online customer approvals
- Permit services
- Discounted load board memberships
For general business and non-transportation factoring rates visit our rate guide page.
To get started with freight bill factoring, please click here to download and print our transportation funding application or call 1-866-717-2274
