Trucking Factoring & Financing
Keep trucks moving and fuel paid for while freight invoices sit on 30-60 day terms.
Let's fund your transportation & trucking business.
Two questions to start. No obligation, no credit pull.
What is trucking factoring?
Trucking factoring lets a carrier turn freight bills into cash right after a load is delivered. You submit the invoice for the load, receive most of its value quickly, and get the remainder, less a fee, once the broker or shipper pays. It keeps fuel, driver pay, and repairs covered without waiting a month or more on payment terms.
The cash flow challenge for trucking companies.
Fuel, maintenance, and driver pay don’t wait for a broker or shipper to pay a load. Financing tied to your freight bills keeps trucks moving between loads instead of parked waiting on a check.
Fuel alone can run a meaningful share of a load’s revenue, and it has to be paid before the next load can even start, regardless of when the last one gets invoiced. A carrier running a handful of trucks can have tens of thousands of dollars sitting in unpaid freight bills at any given time, money that is already earned but not yet usable for the next week’s fuel and driver pay.
Freight factoring is priced around the broker or shipper on the invoice, not the carrier submitting it, so a newer trucking company hauling for an established, creditworthy broker typically qualifies on the strength of that relationship. Many carriers factor selectively, funding loads for slower-paying brokers while invoicing faster-paying ones directly, which keeps the fee tied only to the receivables that actually need it.
How receivables financing works for trucking companies.
- You deliver the load and collect the paperwork: the signed bill of lading or proof of delivery, plus your invoice to the broker or shipper.
- You submit the invoice to us. We review the broker or shipper on the invoice and confirm the load was delivered as billed.
- We advance most of the invoice value, so fuel, driver pay, and the next load are covered while the broker's payment is still weeks away.
- The broker pays on its own schedule, and the balance follows, minus our fee.
Who pays you, and when.
Most carriers are paid by one of three groups: freight brokers, direct shippers, or larger carriers that hand off loads. Brokers vary widely in how quickly and reliably they pay, which is why the broker's credit matters more to a factoring company than the carrier's own history. A newer carrier hauling for established, well-rated brokers is often easier to finance than its age suggests.
That same logic shapes which loads are worth financing. Some carriers submit every invoice for predictability. Others submit only the loads from brokers on longer terms and let faster payers settle on their own, which keeps the fee tied to the receivables that actually need it.
Common pressure points.
Fuel and driver pay are due weekly; broker and shipper payments run 30-60 days out.
A single slow-paying shipper can stall fuel for the next load.
Growth means more trucks on the road before the receivables from the last expansion have even been collected.
What the funding pays for.
- Fuel for the next load, which has to be paid before the current one is collected
- Weekly driver pay and owner-operator settlements
- Insurance premiums, permits, and registration renewals
- Tires, maintenance, and unplanned repairs that cannot wait
- Adding a truck or trailer before the receivables from the last expansion have been paid
Choosing between factoring, a line of credit, and payroll funding.
Invoice factoring is the usual starting point for carriers. Freight bills are short, frequent, and owed by identifiable payers, which suits the way factoring advances against individual invoices.
An A/R line of credit fits fleets with steady, repeat volume that want to draw against their whole book of receivables as needs change, rather than submitting invoices one at a time.
Payroll funding is less common for carriers, because driver pay follows loads that are already billable. It becomes relevant mainly when you perform work that cannot be invoiced yet.
What to have ready.
- A current accounts receivable aging report
- Copies of the invoices you want to finance, with the bills of lading or proof of delivery behind them
- A list of the brokers and shippers you haul for
- Your operating authority and insurance details
- Basic business and ownership information
Trucking factoring questions, answered.
Can I factor freight bills for individual loads?
Yes. Freight invoices are among the most commonly factored receivables, and many carriers factor selectively, choosing which loads to advance rather than factoring every invoice.
Does this work for owner-operators as well as fleets?
Yes, both. Availability tracks your freight volume and the creditworthiness of the brokers and shippers you haul for, not fleet size specifically.
What paperwork is needed to fund a freight invoice?
Funding on a freight invoice typically rests on proof that the load was delivered, such as a signed bill of lading or delivery receipt, and on confirming the broker or shipper named on the invoice. Having those documents ready when you submit is the main thing that keeps funding fast.
Can a newer carrier with limited operating history qualify?
Often yes. The decision rests mainly on the creditworthiness of the brokers and shippers who pay your invoices, so a newer carrier hauling for established payers can qualify where a bank that wants years of financial history would not.
How does financing handle seasonal swings in freight volume?
An A/R line of credit follows your receivables, so availability rises when you haul more and recedes when volume dips. Availability follows your eligible receivables within your approved limit, instead of a number set during a different part of the year.
Can one facility cover loads for several brokers and shippers?
Yes. A facility can cover invoices to many brokers and shippers, and you can choose which ones to include. The cash you receive can go toward fuel, drivers, repairs, insurance, or anything else a carrier pays for.
How quickly can trucking companies get funded?
Once a facility is set up, you can submit an invoice with its proof of delivery and be funded as fast as the same day. Setting up the facility itself can often be done in days.
Businesses with similar cash flow patterns.
Other industries we finance.
- Manufacturing
- Wholesale & Distribution
- Staffing & Recruiting
- Printing & Packaging
- Business & Professional Services
- Technology & IT Services
- Security Services
- Janitorial & Facility Services
- Oilfield & Energy Services
- Healthcare & Medical Staffing
- Food & Beverage
- Import & Export
- Telecommunications
- Logistics & Freight Brokerage
- Warehousing & Fulfillment
- Marketing & Advertising
- Government Contractors
Ready to fund your business?
Tell us about your company and we'll get in contact with you to discuss next steps. There is no cost or obligation to get started.