Freight Factoring

Home » Freight Factoring

Factoring for Trucking Companies.

Haul and deliver the load. Get paid right away. Freight factoring for trucking companies ensures carriers are paid immediately for loads delivered. It doesn’t matter if your shipper or broker pays on 30+day terms, your trucking company receives the cash in 24 hours or less.

What is Freight Factoring?

Freight factoring is an easy way to boost your cash flow by selling your invoices to a factoring company for an instant advance. Once you’ve delivered your load, a factoring company purchases your invoices and advances your company the cash on the same day.

Funds can be received via direct deposit or placed right onto your fuel card if you prefer. Advances range between 95%-98% of the invoice amount.

Freight Factoring for Trucking Companies of Any Type


How it Works

– 1 –

Haul and deliver a load

– 2 –

Submit freight bill copy to factor

– 3 –

Receive your cash advance within 24 hours

Why Work With a Freight Factoring Company?

It’s Flexible – No long-term contracts and no minimum volumes are required for transportation factoring. Use truck factoring for a short-term funding option, or for the long haul.

It’s Fast – Approval decisions are made in 24 hours or less.

It’s Easy – Submit a copy of the freight invoice and proof of delivery to the factor. You’ll have the funds on the same day.

We Know Your Customers

Factor your freight invoices using EZ Freight Factoring for fast approval, no hidden fees, no long-term contracts, and funding within 24 hours or less! Less waiting on payment means you’ll get the funds to cover your expenses faster.

Our freight bill factoring solutions will get you the cash you need, without any hassle. EZ Freight Factoring has years of experience working in trucking factoring, and we are very familiar with the invoice requirements you need.

How Do I Qualify for Truck Factoring?

Have customers with good credit

Your company doesn’t have to have fantastic credit in order to qualify for truck factoring, but your customers do. Because your customers pay the factor directly, they’re expected to have a good track record of paying bills on time.

Have unpaid invoices

In order to be qualified for truck factoring, your company needs to have unpaid invoices. It doesn’t matter how many invoices you have, or when they were issued as long as it was within a reasonable time period.

Have a clean background

Whether you’re a trucking business owner or owner-operator, you need to have a clean background in order to qualify for truck factoring. Having a criminal record or problems with your past taxes is normally not a good sign to the factoring company.

Have either commercial or government clients

As long as you serve either other business or government entities, you qualify for truck factoring. Factoring companies do not fund business that service customers directly.

Perks of Factoring for Owner-Operators

Lots of owner-operators use factoring to meet their short-term or long-term cash flow needs. Factoring companies offer truckers more than just funding.  Here are just some of the perks included when you use factoring for your trucking business:

Free fuel card programs – EFS and Comdata fuel cards provide truckers with discounted fuel options at all major truck stops and refueling stations across the US and Canada. Manage driver spending and reload cards at any time to control your fuel costs. Once you’re approved for factoring, you’ll be able to enroll right away.

Access to online load boards – maximize profits by finding the best loads to haul. More sales = greater factoring potential.

Free credit check services – you can run free credit checks on your potential customers so you can haul with confidence.

Fuel advances upon load pickup – receive up to a 50% advance on your freight bill when you pick up a load to cover fuel costs and other expenses for the haul.

Same day funding – when you submit your invoice, you’ll have the funds within 24 hours. Less waiting means you can cover your expenses faster.

No minimums – trucking factors offer competitive rates to fund even the smallest freight bills.

No setup fees – start today, free of charge.

No long-term contracts – factoring for trucking is flexible and does not require any lasting commitments.

Non-recourse factoring   – let the factor assume the risk of non-payment with non-recourse factoring. Even if customers fail to pay their freight bills, the factoring company will take the loss. Learn more about the differences between recourse and non-recourse factoring.

Easy submission options –Invoices can be funded on copies sent by email or fax.

Five Reasons Smart Truckers Choose Factoring:

Slow Paying Customers

If you’re waiting to get paid for loads that have already been hauled, your trucking business could be missing out on new opportunities to make money.

Seasonal Fluctuations

Every business experiences highs and lows. It can be difficult for small businesses to deal with a downturn in profits without cutting spending and releasing staff. Luckily, trucking businesses can counteract a lapse in earnings by factoring freight bills.


Start-ups and small businesses are always looking for ways to compete with their larger rivals. But, initial success is rare and businesses often lose a lot of money before they make it back. Small trucking businesses get the funding they need when factoring freight bills. Transportation factors provide cash immediately so trucking companies can invest their funds forward and compete against bigger businesses

Bad Credit

Trucking businesses and owner-operators with bad credit may still be eligible for invoice factoring because factoring companies collect payment directly from your customers. Truck factoring companies are only concerned with the credit of your customers so you don’t have to worry about your personal or business financial history.

No Debt

Banks loans can take months to get approved and charge high-interest rates, leaving small businesses in debt and despair. Fortunately, unlike a bank loan, trucking factoring provides businesses and owner-operators money without putting them in debt later. Get funding that is fast, reliable, and all yours by factoring for your trucking company.

Turn Freight Bills Into Same Day Cash!

Ready to get started?


  • Freight Factoring for Auto Transport and Car Haulers FAQ

    Freight Factoring for Auto Transport and Car Haulers FAQ

    Being an auto hauler can be tough if your customers aren’t paying you for up to 60 days. Auto hauling has quite a few upfront costs – you haul the vehicles and pay the gas and other expenses well before you get paid. Freight Factoring Auto Haul Bills FAQ A freight factoring company can provide your…

  • The National Truck Driving Championship Puts Safety First Every Year

    And the 2015 Winner is… When you think truck driving championship, you are mostly thinking of some monster truck-type race. In reality, it is a championship for the most safe and professional drivers. The National Truck Driving Championship takes place every year, and is also known as the “Super Bowl of Safety”. The 2015 championship…

  • Trucking Companies Seek Out Female Drivers in Response to Labor Shortage

    Changing Times of Trucking A lot of things in the trucking world are changing. Updated equipment, new technology, and now increased opportunities for women drivers. Many trucking companies are trying their hardest to keep their trucks on the road because there is a sudden lack of drivers. The freight industry has decided to make trucking…

Freight Factoring
Fuel Discounts
Contact Us