Freight Invoice Factoring
When it comes to trucking, it’s all about keeping things moving. Any good trucker knows that the biggest barrier to work isn’t necessarily getting more jobs, it’s getting paid for them in the first place.
Fortunately, a freight factoring service, like the one offered by Financial Carrier Services, is the ideal way to cover those breaks between payouts and get paid immediately for the work you’ve already done. Quit waiting for your shippers and freight brokers to pay you 30 or more days after you’ve completed the work. Financial Carrier Services offers same-day funding with no long-term contract. Turn your unpaid invoices into cash today. Get started!
Benefits of Freight Factoring
- No matter the size of your trucking company, you can utilize freight factoring.
- Get approved fast. You’ll have the cash you need sooner thanks to our same-day approval.
- No long-term contracts make this a great option for trucking companies who need to improve their cash flow fast.
- Freight factoring is flexible, allowing you to get paid on as many of your invoices as you need.
- Working with a freight factoring service like ours lets you focus on your work while our support team handles the rest.
- Freight factoring is one of the most popular and effective ways to finance your trucking company today!
Nearly every trucking company out on the road today has experienced cash flow issues of one kind or another. When cash is tight, running another load of freight can be nerve-wracking. The source of these cash flow issues largely stems from the invoicing system that many businesses use to request money from their clients. In some cases, clients have up to 90 days to pay their invoice which can leave truckers feeling strapped for cash.
What is Factoring? Truck, transportation or freight factoring is a quick and easy way to get paid for the work that you’ve completed. A freight factoring company like Financial Carrier Services allows truckers to get paid immediately rather than waiting 30, 60, 90 or more days to get your money. With our factoring service, we can offer same day funding off faxed or scanned copies of your receivables, with no long-term contract. We will also beat any competitor’s rate or do a quick pay match.
We are always looking for ways to improve what we do and provide superior customer service to our carriers. Don’t feel panicked about how you’ll pay for your drivers, fuel, tires, and repairs. With freight factoring, you’ll be able to cover operational costs and help your trucking business grow faster and keep your rig rolling. If you’ve found yourself needing quick funds to grow your business, pay employee salaries, or buy new trucks for your fleet, our team can help!
Do You Need Freight Factoring Services?
Anyone can benefit from using a freight factoring service. For smaller operations, a service like this helps you get paid immediately, allowing you to take on more work. This allows you to expand quickly, and grow as a business.
If you’re trying to decide if you’re in need of a freight factoring service, here are a few things to keep in mind:
- Will a service like this address my problems?
- Will I still be able to make a profit after paying for the fees from the advance?
- Are my clients reliable enough to pay their invoices?
Answering “yes” to questions like these means that freight invoice factoring could play an important role in the financial success of your trucking business.
What Freight Factoring Does For You
There are a lot of reasons to work with a factoring company like Financial Carrier Services. For many companies, it’s the fastest and most effective way to get paid for the work you’re already doing. Here’s how this service benefits you:
Fast Cash When You Need it Most
At Financial Carrier Services, we can provide you with a cash advance for your invoice on the same day that you submit it. We offer generous advances and keep our fees minimal. Everything is laid out in our agreement, so that means no hidden fees, and no long-term contract. You’ll get more money more quickly when you work with us.
Fill Your Tank and Your Bank
We offer more than just cash advances, we also have a fuel advance program as well. For trucking companies that are struggling to move their cargo from point A to point B. We offer fuel advances and fuel cards that help you get discounts on fuel. This is a great way to limit your fuel costs, which is one of the biggest parts of any company budget.
We Base Our Factoring on Your Clients
When you work with a bank or other lender, they’ll often examine your credit score or the creditworthiness of your business before they make any lending decisions. Under the freight factoring system, we look at your client’s credit instead. This makes it easy for trucking companies with less-than-ideal credit to get access to cash faster.
Flexible Funding No Matter the Size
There are some days where you might need to factor one invoice or a dozen. Thanks to our quick approval process and lack of long-term contracts, you’re able to factor as many invoices as you need to keep your business going.
Experienced Support Just For You
Financial Carrier Services is unique in that our staff has first-hand experience in driving and operating trucks. We understand the challenges you face, so we’re here to support you every step of the way. You’ll have a dedicated customer service professional associated with your account to ensure that every invoice you factor is paid quickly.
What Makes Financial Carrier Services Unique
At Financial Carrier Services, we’re dedicated to helping those in the trucking industry who operate small to medium-sized trucking businesses. That’s because as experienced truckers ourselves, we recognize that the current level of support offered to these businesses is lacking. We experienced complex systems that used hidden fees, sizable reserves, slow payments, and crummy customer service.
Financial Carrier Services was founded on the idea that all trucking companies deserved high-quality, reliable factoring. It might seem like a simple idea, but it’s one that’s changing the way trucking companies think about factoring, and it’s why we’ve received an A+ Rating from the BBB, and are recognized by institutions like Inc. 5000 and Women in Trucking for our efforts.
There’s no denying that trucking can be challenging. Long hours, hundreds and thousands of miles spent behind the wheel, plus maintenance, loading, unloading, and more. It can feel like a thankless job sometimes — that’s why we’re committed to your success.
At Financial Carrier Services, we pride ourselves in being able to support trucking companies of all sizes with a complete complement of services, including freight invoice factoring, equipment financing and truck warranties, free credit checks, fuel cards and advances, and even industry discounts.
Learn more about some of those services below!
Express Load Management
This service is offered to clients who do not have time to worry about managing invoices, billing, or even collecting. We have a dedicated in-house collections team that works on getting all of this done for you. Unlike factoring, this service has a low flat fee so there’s no guesswork in figuring out the cost to you. It’s another step in our one-stop-shop initiative.
Unlimited Free Credit Checks
We offer unlimited broker credit checks that you can look up on your customized carrier portal. Never be in a bind again and quickly and easily access the information you need to stay on the road!
No matter if you operate one truck or a hundred, Financial Carrier Services is here to support you. We develop a personalized factoring plan just for you and assign each account a dedicated specialist to ensure that you always have the support you need.