Factoring for Trucking
Even while invoices continue to go unpaid your truck continues on delivering shipments. If only operating costs could wait until you collect! Unfortunately, expenses aren’t known for being accommodating. When you find yourself in need of money now, factoring invoices with Fund My Freight is the only way to go! Our quick application process makes it possible to be funded in under 24 hours. That’s a whole lot better than sitting on an invoice for a few months.
Keep on Trucking
Maintaining a big rig operation is expensive. The tank is constantly being refilled, repairs have to be made periodically, and, yet, the driver still needs to have enough left over for personal needs. At any one time, a heaping pile of costs can hit all at once. It is during these costly moments that waiting for invoices to be paid is no longer an option. Many owner-operators look toward business loans for their preservation.
However, there is another, less pricey, option – factoring invoices.
Not to be confused with a loan, factoring invoices uses your accounts receivable as collateral for financing. In other words, you are not borrowing the money; you are selling invoices in return for immediate working capital. This is ideal for our nation’s truckers, as needs can be met on time and the big rigs can continue to bring in revenue.
It’s Time to Shift into the Next Gear
Whether you’re at the helm of a fleet of trucks or a one-man operation, Fund My Freight can factor your invoices! With money in-hand, you’ll have the means to further develop your trucking business into a revenue generating machine.
The Fund My Freight Advantage
Clients of Fund My Freight will experience the highest quality of customer service, as well as a host of perks provided through our customer portal, such as:
Free Credit Checks – See the risk before taking on a debtor
Competitive Rates – Take advantage of the lowest fees in the factoring industry
Find a Load – Locate the best loads in your area
Create an Invoice – Create and Submit invoices from your phone or browser
Our Clients love us
Excellent service. Friendly staff. Fund My Freight is a part of your business, concerned with your needs … not so with a bank which is totally profit oriented.