Transport Factoring

Transport factoring does not need to be expensive when you use factoringquotes.com. We offer transport factoring programs in which your freight bills are purchased, and then we advance you the cash within 24 hours. When you factor your freight bills with factoringquotes.com, you know you're getting one of the highest advance rates around with fee structures that are some of the lowest in the industry. Transport factoring rates start as low as .59% for our larger customers and top out at 5% for one truck customers. We also allow transport factoring customers to choose which freight bills they want to factor, providing the flexibility that most transportation companies need. Not all transportation factoring firms are the same so make sure you give us a shot to earn your business or you may end up paying a higher rate then needed. Our goal at factoringquotes.com is to provide the best combination of benefits in a transportation factoring program to earn your business.

We can handle a wide range of transport factoring needs. We have very nice programs for one truck owner operators, but our company can also handle monthly transport factoring needs in excess of $25 million for larger customers. We have former transport industry executives in house that understand the unique needs of a trucking company. When you call us you can talk with someone who has driven a rig on the road and also understand the cash flow crunch and the day to day operations.

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 transport companies decided to factor freight bills 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 .59%.
• Advances on freight bills up to 99%.
• 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 trucking company? We can help with a transport factoring program custom tailored for your needs.

How Does the Transport 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 90% to 99% 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 Trucking 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 trucking factoring application form by clicking here. We respond to all online inquires within one hour or less.

We are currently offering transport 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 on Transport Factoring - Owners point of view

Transport Factoring is a very common means of funding for today's trucking companies. The transportation industry today tends to make the trucking company act as the bank for all the customers. When customers expect you to perform your service and then extend 30, 40, or even 50 days of credit your acting as a bank. Transportation factoring can allow you to outsource the bank function to the factoring company and this improves your cash position.

If your like most trucking companies you did not start your business with the expectation of being the bank for your customers. Transportation factoring can get you back to what you do best and leave the banking up to the truck factoring company. What makes this the most bothersome for the transportation 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 transportation 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 transportation companies. Transportation factoring will allow you to operate efficiently in this environment even with the bigger firms.