Quick answer
Freight factoring is the sale of a trucking company's freight bills to a factor for same-day payment, usually 90%–97% of the load, at 1.5%–4% per load. The factor collects from the broker or shipper.
How it works
Deliver the load, upload the rate con and signed BOL, get paid the same day, and the factor collects from the broker.
Fuel advances
Many factors advance a portion of the load at pickup for fuel.
Get a funding quote in 24 hours
Talk to a National Invoice Factoring specialist at (929) 658-8087 or apply online — no obligation.
Apply now
Written and reviewed by the National Invoice Factoring funding team — specialists in receivables and trade finance since 2009.
