Freight Broker Factoring

At factoringquotes.com, we make freight broker factoring easy. We provide factoring programs in which your freight bills are purchased, and we advance you the cash within 24 hours. Most factoring companies do not welcome freight brokers and prefer to only work with the freight haulers. Not us, we welcome freight brokers and welcome the opportunity to work with you. When you work with us, you know you're getting advance rates up to 98% with fee structures that are fair and reasonable. Our rates start as low as 1% for our largest customers and top out at 5% for our freight broker start up customers. We also allow our customers to choose which bills they want to factor, providing the flexibility that most freight broker companies need.

We can handle a wide range of freight brokerl factoring needs. We have programs for one person operations, but we can also handle monthly freight brokering factoring needs in excess of $25 million for larger customers.

Want a quick quote? Please click here to get a great rate.

Questions? Call us at 1 (877) 876 2803 now (toll free).

Click here to get a quick quote.

Take a look at some of reasons hundreds of trucking companies are freight broker factoring with us.

• No up-front fees in most cases.
• Advances made within 24 hours.
• Free quick credit checks for your new customers.
• No add-on fees - your factoring fee is your total cost.
• Rates as low as 1%.
• Advances on freight bills up to 98%.
• Free electronic bank transfers and bank rate wires. Believe it or not, most factoring companies actually inflate the wire fee as an extra "hidden charge" to you.
• Freight Brokers are welcome!

Are delayed payments putting a strain on your company? We can help with a transportation factoring program custom tailored for your needs.

How Does the Freight Broker Factoring Process Work?

1. Apply for a quote via our online application or by calling 1 (877) 876-2803.
2. After getting your approval on our terms, we will overnight your final documents.
3. You send your original invoices and bills with any other back up items that your customer may require for billing. We also offer fax and image scanning to reduce paper work in some cases.
4. Before funding occurs, we will perform Due Diligence and confirm your company does not have any liens or legal issues.
5. We verify your bills and make the advance electronically to your existing checking account. The advance is normally 80% to 98% depending on the credit worthiness of your customers. Your customer then sends the payment directly to us. After receipt of payment, we make the remaining amount in reserve available to you less the factoring fee.

Get Started With Freight Broker Factoring Now!

Give us a call at 1-877-876-2803, and we can start the process for you. You can also fill out our quick freight broker factoring application form by clicking here. We respond to all online inquires within one business day.

We are currently offering freight broker factoring nationwide, including the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

We also provide this service in Canada: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, and Yukon.

Want a quick quote? Please click here to get a great rate.

Questions? Call us at 1 (877) 876 2803 now (toll free).

Additional Information below on freight broker factoring.

Freight Broker Factoring is a very common means of funding for trucking brokering companies with todays cash intensive business environment. The business climate today tends to make the freight broker act as the bank for all the customers. When customers expect you to perform your service and then extend payment 30, 40, or even 50 days your acting as a bank. Freight bill factoring can allow you to outsource the bank function to the factoring company and this allows you to focus on the freight brokering, not the cash flow and the mail box.

If your like most freight broker companies you did not start your business with the expectation of being the bank for your customers. Freight bill factoring can get you back to what you do best and leave the banking up to the freight bill factoring company. What makes this the most irritating for the freight broker company is that the larger companies are the ones that like to use your money the most. They expect the use of your hard earned trucking business money at no cost to them. These larger firms in the trucking industry often use "keeping the business" as a means to keep stretching out the credit terms on the small truck companies. Freight bill factoring will allow you to operate more effiently in this environment even with the bigger firms.

Every freight broker and trucking company needs to decide if factoring the freight bills makes sense. If your business is passing up business by waiting to get paid then it may make sense to try freight bill factoring. Maybe the trucking business could use the funds productively within the business if the payments came in the same day you billed the customer. With trucking and freight bill factoring you will get paid the within 24 hours of issuing the freight bill and invoice. Many transporation companies discover that they can be more profitable when they are paid sooner rather than a month or so later.

Freight bill factoring is now becoming very common as customers continue to pay later and later. We have helped thousands of freight broker companies get back to predictable cash flow and leave behind managing the mail box for payments. With today's banking environment we have helped these trucking companies obtain the working capital they need by factoring freight bills. Most banks do not fully understand the trucking business and often cannot provide the needed working capital. Since we specialize in truck factoring we are able to provide working capital by evaluating the credit of your customers so we can get your freight broker company the needed operating cash flow.

We are proud to provide freight bill factoring services to the companies that keep the goods moving. Freight movement is the basis for the entire economy to keep moving ahead and we need to keep the cash flowing as our trucking clients keep the goods moving.

If you would like to discuss trucking factoring feel free to give us a call at 1-877-876-2803.