Benefits of Freight Broker Factoring
We want to give you what banks don’t. Factoring companies offer freight brokerages a number of advantages not available through traditional financing:
Unlimited funding potential
Unlike a conventional loan, factoring is flexible and adjusts to the growth of your business. Freight factoring doesn’t involve a static dollar amount, and is based on the freight bills you submit. The more your business grows, the more funding you can receive.
Negotiate discounts with carriers
We’re all about convenience, and so are your carriers. Freight broker factoring companies will advance cash within 24 hours of receiving a freight bill, allowing you to pay your carriers faster. Take advantage of this perk by negotiating a lower rate with them for your quick service.
Fuel cards & discounts for carriers
Load some of your advance directly onto fuel cards that your carriers can use to refuel at thousands of service stations nationwide. Fuel card programs offer additional discounts and rebates at all major fuel stops nationwide, saving you even more money.
Electronic batch submission
Factoring for freight brokers is even faster with electronic submissions. Don’t waste time or money sending your freight bills overnight — email or fax a legible copy for prompt funding!
Keep track of your account status anywhere, anytime with 24/7 online reporting. Your unique login will give you access to details about your recent transactions, collections status, and other important information.
Free administrative support
We’re here to help you every step of the way. Your factoring company will provide complementary credit check and collections services, so you can keep building your client base and placing new loads.
Start freight broker factoring services today!
Think about what you could do with more money. The cash flow freedom provided by freight broker factoring is limitless. Use the funds you receive to cover any aspect of your business — attract new carriers, begin placing multiple shipments, invest however you’d like. Better yet, use freight factoring to cover the $75,000 per year federal bond requirements for freight brokers.
Easy Freight Factoring works with a network of factoring companies that are experts in the carrier/shipper relationship. You will benefit from industry-low rates and specialized service that is customized to your company’s unique needs.
To get started, complete a short online application and include valid business filing and MC registration information. You can even begin factoring now by submitting any current freight bills!
FREIGHT BROKER FACTORING IS THE KEY TO FINANCIAL SUCCESS. GET STARTED TODAY!
Don’t let poor cash flow keep you from growing your freight brokerage. Start factoring today and enjoy peace of mind as your business grows!