What Is Freight Bill Factoring?
How Does It Work?
Whether you’re an owner/operator or manage a fleet of trucks accounts receivable or freight bill factoring works in basically the same manner.
Once you have established an account with us, the funding process is easy and quick. The normal process is as follows:
Find a Load and obtain a Rate Confirmation from the Broker or Shipper
Freight is delivered to the consignee.
Email your invoice together with the rate confirmation and proof of delivery directly to us. This can be done before you even leave the customer’s warehouse!
Customer is contacted for verification and to ensure that there were no issues with the delivery.
We advance a large percentage (up to 98%) of the invoice by direct deposit. Depending on the funding method (wire or ACH), funds could be in your bank account by the end of the day or next morning!!.
Once funds are deposited, they are available for your use immediately.
For more information on factoring for trucking companies please call us today 209-225-2852.
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