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Maximize your business revenue with our leading commercial trucking finance partner. Transforming invoices into instant cash now!
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Your business demands a constant source of money. That’s why we provides the best freight factoring in the industry with the most money, in more ways. Plus, the lowest factoring rates and best service from experts who’ll understand the needs of your transportation company.
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Owner operators
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Fleets
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Freght brokers
Find the financing solution that's right for you:
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Freight Factoring
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Invoice Factoring
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Payroll Funding
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Equipment Refinancing
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Lines of Credit
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Your Guide to Transportation Factoring & Financing FAQs
Transportation finance for freight companies refers to the financial services and solutions tailored specifically to meet the unique needs of businesses operating in the freight and transportation industry. It encompasses a range of financial products and services designed to address the financial challenges and support the growth of freight companies.
Transportation factoring is a financial service where transportation companies sell their outstanding invoices to a factoring company for immediate cash, improving cash flow and allowing them to cover operational expenses without waiting for customers to pay.
Fleet financing refers to the financial arrangements and methods used to acquire and manage a fleet of vehicles or equipment for commercial purposes. It involves securing the necessary capital to purchase or lease a fleet and managing the associated financial aspects throughout the fleet’s lifecycle. Fleet financing is commonly used by businesses that rely on transportation, such as logistics companies, delivery services, trucking companies, and rental car agencies.
Fleet financing can encompass various financial options and strategies.
Evaluate factors such as the company’s reputation, fee structure transparency, funding speed, advance rate, and whether they offer recourse or non-recourse factoring. Reading reviews and seeking recommendations from industry peers can also be helpful.
Freight factoring, truck factoring or logistics factoring is a specialized form of invoice factoring designed for the transportation industry. It is a mainstream financial strategy that involves factoring transportation receivables by the selling of account receivable invoices at a discounted rate in exchange for immediate cash.
A factoring company, also known as a “factor,” is a financial institution or service that purchases accounts receivable (i.e., unpaid invoices) from businesses. This is done to provide the businesses with immediate cash, which they can use to finance their operations, cover expenses, or grow their businesses.