Freight Billand Transport Funding

We are dedicated to helping your business grow.

Transport funding enables you to focus on delivering more loads and taking on new customers; instead of worrying about cash flow and expenses.

What is Transport Funding?

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This type of financing accelerates the cash flow for transportation and freight companies of any size. This financing method will provide companies in the industry the ability to finance slow-paying freight bills and eliminate having to make collection calls. A regular business loan would require you to use your businesses or personal assets as collateral. Our funding keeps your cash flowing without endangering your property.

How Does Transport Funding Work?

With transport funding, the transportation and freight companies send their freight bill of lading associated with the load delivered. Then the company receives up to 97% of the face value of that bill. At that point, the company is assigned an account manager to take over the collection process while the company finds its next load. Once the bill is paid in full, the company will receive the balance of their money minus a small factoring fee. There are two options when assigning risk in transport funding.

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Non-Recourse Factoring:

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We take the credit risk if a load is not paid, and you can protect your credit. This is a great option for companies that have somewhere between 1-5 trucks who would be adversely affected by a non-payment.

Recourse Factoring:

 

If you feel comfortable you can lower fees by taking on the credit risk. This is a great option for bigger transportation and freight companies that aren’t as affected by a non-payment.

Whatever option you chose, transportation and freight bill funding can help grow your business.

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Our Clients Use Transport Funding to:

UseServiceTo  Hire Hire drivers
UseServiceTo  Repair Repair or replace an engine
UseServiceTo  Down Payment Make a down payment
UseServiceTo  Pay Tax Pay taxes, registration fees, or insurance premiums
UseServiceTo  Grow Grow their businesses

With freight bill funding, we can accelerate the cash flow for transportation and freight companies of any size.

Transport Funding Process

step 1

Complete and submit a transport funding application to see if you qualify.

step 2

Your request will be reviewed and a representative will contact you to discuss your status and options.

step 3

Once approved, arrangements will be finalized.

step 4

You will then send the freight bill and bill of lading associated with the loads you deliver.

step 5

Factor Funding advances a portion of the value of each bill received.

step 6

You use the funds to run your day to day operations and for any other business need.

step 7

Factor Funding collects the invoice and payment from each account.

step 8

Factor Funding forwards the balance of your profits—minus a small fee for you.

step verified

Once you have qualified for our service, your next funding request will be available even faster.

Requirements For

Transport Funding

Transport Funding is available to any freight or transportation company. We are dedicated to helping your business grow and thrive in the highly competitive trucking industry.

Required Documentation
freight bill factoring documentation

To complete our application, we may ask for some or all of the following:

  • Articles of Incorporation or Assumed Name certificates
  • Copy of applicants driver’s license and social security card
  • Accounts receivable aging and invoices
  • Copy of business/liability insurance
  • Customer list
  • Copy of contracts or purchase orders
  • Copy of operating authority (MC#_______) (Trucking)
  • Worker’s compensation insurance (temporary staffing firms)
  • List of all jobs currently working on (construction)
  • Federal Tax Identification #/W-9

Transport Funding

Who uses a service such as this? Any transport or freight company of any size that is in need of cash flow—and needs it fast.

Benefits of Transport Funding

— Especially with Factor Funding
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Reduce Your Credit Risk and Grow Your Business

Don’t try and float debt on credit cards or consider other creative financing solutions that could risk your business and personal credit. Contact Factor Funding today to learn how to reduce your credit risk and grow your business through our transport funding and receivables factoring program.

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Years of Experience

Factor Funding has been in business for over 20 years. We provide merchant funding and other short-term loans and business services throughout the United States.

Get In Touch With Factor Funding

To Get Started with Transport Funding

What better way to get the peace of mind you need surrounding your business financing than from an expert with decades of experience helping countless others in exactly the same way?

Reach out for assistance to ensure that your feeling of being in a rut over finances doesn’t last long. We get companies the quick cash they need to get things done in the here and now so they can focus on company success.

Waiting around won’t get you to the next level and help you reach goals you know your business is destined to achieve. We look forward to chatting about your business needs and how we might be able to partner with you!