Factoring / Financing
Discover and compare the best Factoring / Financing solutions for your supply chain business
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What is Freight Factoring & Financing?
Freight factoring lets carriers and small brokers sell their accounts receivable to a factor in exchange for immediate cash, instead of waiting 30-60 days for shippers and brokers to pay. Factoring solves the cash-flow problem inherent in trucking, where fuel and payroll come due weeks before invoices get paid. Modern factors offer fuel-card programs, back-office services, and credit checks alongside the basic financing.
Key features
Same-day or next-day funding
Receive cash within 24 hours of submitting load paperwork.
Recourse vs non-recourse options
Choose how much credit risk to keep vs transfer to the factor.
Credit checks on shippers and brokers
Vet who's safe to haul for before booking the load.
Fuel cards and discounts
Bundled fuel-card programs with network discounts and credits.
Back-office services
Invoicing, collections, and accounting support for owner-operators and small fleets.
Who uses it
Carrier
Owner-operators and small carriers use factoring to fund weekly fuel and payroll without waiting for slow payers.
Broker
Smaller brokerages use factoring or working capital lines to bridge the gap between paying carriers quick-pay and collecting from shippers.
3PL
3PLs occasionally use factoring lines for their own brokerage operations or extend factoring options to carriers in their network.