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Are You Satisfied With Your Current Freight Factoring Company?

How satisfied are you with your existing freight factoring company?  There are many options available to trucking companies, options that you may not know are being offered by your current trucking factor. So if you are unhappy with your existing factoring company, before putting too much time and efforts in searching for a new factor, just give your trucking factor a call and tell them what you want, they could be offering options that you may not be aware they have and all it would take is just a quick phone call.  Below are a few options many trucking factoring companies are offering:

  • Same-day funding
  • Advances on receivables as high as 97%
  • Fuel advances (competitive program)
  • Funding without original invoices
  • Funding startups
  • No minimums
  • No contracts
  • Spot factoring for those clients that only would like to factor certain invoices
  • Non-recourse freight factoring

There may be certain conditions and restrictions but your factor does not want to lose your business so most will work with their client and will consider amending their agreement to meet reasonable requests from their client.


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  Flexible freight factoring services designed to help trucking and transportation companies with their cash flow. 4 OR MORE TRUCKS (ADVANTAGES) Advances on freight bills up to 95%-98% Non-recourse freight factoring Flexible terms with competitive rates (The objective is to beat our competitors) Funding is customized to your needs You choose which invoices to factor 24/7 free online credit checks Online reporting Invoice generator Invoices are submitted electronically (little or no extra paperwork) Fuel Card Fuel Advances Excellence in customer service 1 TO 3 TRUCKS (ADVANTAGES) We create the invoices and send them to your customers We create the schedule of accounts Instant online credit approvals to keep you moving Non-recourse factoring Customizable programs, competitive fees Industry-leading client service Competitive rates (Our objective is to beat our competition) FUEL PROGRAM Universal acceptance at more than 6,400 truck stops in the U.S. and Canada Fuel discounts in over 1,900
Why freight factoring is so important to a carrier?  Freight factoring is the blood flow of cash flow, a carrier to remain competitive and operate successfully must offer credit to its customers, typically 30 to 90 days, so this is cash that the business will not receive right away, so how can the business operate having to wait that long for their payments, well, freight factoring?  With factoring, the trucking company sells its outstanding invoices to a factoring company right after the invoice is issued, providing the carrier with the necessary cash to continue operating without a cash flow shortfall.

Shortage of Truckers

FoxBusiness reported recently on the shortage of truckers, specifically long-haulers, as per the ATA (American Trucking Association) the trucking industry has a shortage of about 30,000 of qualified drivers, and expected to raise to 200,000 over the next 10 years.   Is DOT Secretary Foxx looking into this, there seems to be a significant opportunity to create new jobs in the transportation sector? According to the June 2014 North American freight Numbers, the Bureau of Transportation Statistics reported that "Trucks carry three-fifths of U.S.-NAFTA freight and are the most heavily utilized mode for moving goods to and from both U.S.-NAFTA partners. Trucks carried 59.5 percent of U.S.-NAFTA freight in June 2014, accounting for $29.8 billion of imports and $31.4 billion of exports." There is a strong focus on infrastructure investments which is necessary but the DOT should not overlook  an opportunity to create jobs.