FactorLoads: Factoring for Truckers

Running a successful trucking and transportation business takes a lot of work. You spend your days finding solutions to get your customer’s goods where they need to go. It can be hard to find the time to focus on your freight billing and invoicing to make sure you get paid in a timely fashion. Yet you need the cash flow to keep your business running smoothly. We know you don’t need us telling you this, as you live it every day! Thankfully, there’s a solution – freight bill factoring.

Check out our video for more information on how FactorLoads can help you with expert load factoring with our transparent business practices and no binding contracts or booby traps.

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What Is Freight Factoring?

When you're running a trucking business, it all comes back to one thing — cash flow. You need steady cash flow for your day-to-day expenses and any emergencies. Luckily for you, trucking factoring is a convenient and inexpensive way to speed up your cash flow. Plus, you can use spot factoring to bill or factor the loads you want — right on the spot.

Factoring isn't a loan, meaning there is no debt to repay. It's a flexible lending solution that does not depend on the size of your fleet or your credit history. Instead, it is based on your clients' ability to pay their bills. A freight factoring company works to make sure you have the working capital you need for fuel, payroll, repairs and other needs unique to your business. You sell a trucking factoring company your invoices, and they take care of the paperwork, letting you continue to haul without worry.

What Does It Mean to Work With a Truck Factoring Company?

Working with a freight factoring company can help owner-operators and trucking companies immediately receive payment for loads that you already delivered. By selling your invoices to a company such as FactorLoads, you will access the full amount of cash you deserve for the job within 24 hours of delivery — with a percentage even given to you in advance the moment you pick the load up. Much like corporate businesses will work with an accounts receivable factoring company, FactorLoads offers receivables factoring dedicated to those in the freight and transportation industry.

Whether you're a company just starting out and looking to avoid debt and short-term loans or an experienced owner-operator making sure you have a cash advance on hand to cover any emergencies, FactorLoads is here to help you maintain positive cash flow.

Truck Factoring That Benefits Your Business

Don’t make the same mistakes as the "Ghost of Truckers Past!" You can make better use of your cash flow and get access to it sooner when you hire FactorLoads to manage your freight and transportation factoring.

Our dedicated team offers expert factoring services that give your business access to cash when you need it as part of our extensive bill factoring package. You"ll have:

  • 24-hour, around-the-clock full factoring services
  • Spot Factoring, choose to bill or factor the loads you want – you can choose on the spot
  • 40%-60% advances on your load from the moment you pick it up
  • Recourse and non-recourse programs
  • Competitive flat rates with no reserves
  • Unlimited free credit checks available 24/7
  • Complimentary Load Board account
  • Database access to see which of your customers are pre-approved
  • Custom factoring program designed around the needs of your company

Our factoring service isn’t the same blanket coverage for everyone, which sets us apart from the competition. We know your trucking and freight business is unique and deserves a custom program. This is why we will create a program around your company.

Advantages of Load Factoring That Make the Difference

At FactorLoads, we don’t make you jump through hoops to access the cash your business earns. We take care of your load factoring from A to Z, so you can put your time and energy into your trucking. To simplify our factoring process, we have put in place:

Our expert staff supports all paperwork, so you don’t have to worry about it. You’re busy enough on the road to worry about your billing. We are an honest company that is clear and upfront with our pricing and single flat rate. We were the first factoring company created for small trucking companies and owner-operators because we believe you deserve the same support as larger companies.

Additional Services Included With FactorLoads

On top of our helpful and beneficial factoring services, we’ve added a whole host of other practical services that benefit small- and medium-sized freight and transportation companies. To help you make the most of your fleet of trucks and save money, we offer additional services such as:

Owner/operators and small- and medium-sized trucking companies are often at a disadvantage compared to larger Freight businesses with greater resources. If you only have a few trucks, your cash flow can be inconsistent when you’re waiting to get paid for a load. Trust FactorLoads for our factoring services as well as our other helpful trucking business services available 24 hours a day, seven days a week, 365 days a year.

Start Saving with FactorLoads Now

As a freight factoring company with years of experience, we understand the financial burden of waiting for load payment. Avoid unwanted and unnecessary stress by working with FactorLoads. We will create a custom transportation factoring program that works for your business.

Thanks to our 24/7 availability, you can contact our team right now here at FactorLoads and get started today. You can either give us a call at 1-866-218-0030 ext.4 or fill in our online contact form. We’ll answer any questions you have and tell you more about the advantages of getting fast, early access to your hard-earned cash by way of our affordable freight bill factoring.

It couldn’t be easier to give your trucking business a boost and free up some cash for day-to-day expenses and investment back in your company. We look forward to hearing from you and adding your transportation business to our growing list of satisfied FactorLoads customers!

Give Us a Call at 1-866-218-0030

Customer Testimonials

"I think its the nicest most helpful and reliable company you'll ever find" - Michele

"Thank you FactorLoads, you're keeping me rolling" - David

"I enjoy working with professionals, and everyone at FactorLoads are definitely professionals. I have never had a question or problem that they have not answered or fixed...FactorLoads makes my job and life so much easier." - Brad

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