Transportation Factoring

Freight Factoring Solutions

At the heart of every business is cash flow, and a new, small, or even established transportation business may need to rely on creative sources of funding to ensure enough cash is on hand to operate the business, take on new clients, maintain equipment or even pay employees.

The trucking factoring experts of Security Business Capital will help whether you have a vast fleet of trucks and a nationwide network, or you are a solo driver who works independently.

Business factoring is a process where a company receives immediate payment for outstanding invoices from a factoring company, and the factoring company (or factor) takes on the responsibility of invoicing the customer and collecting the amount due. Transportation factoring usually features unpaid freight bills, and the company may use the funds for a variety of standard transportation business needs.

Invoice Factoring for Transportation Companies

Using factoring finance as a transportation company involves a few simple steps and begins with obtaining your factoring company's approval for a particular account debtor. After you've completed the job, you provide your invoice documents to the factoring company and receive a direct deposit from the invoice factoring company. The factor then invoices the customer to obtain the payment.

The amount of money you receive directly after completing the job may be somewhere between 80 and 90%. When your customer pays the invoice, the factoring company will send the rest of the balance due to you less any agreed-upon fees. Factoring companies are an excellent option for transportation companies that require flexible financing or immediate cash.

Some of the benefits of using freight factoring services include:

  • Having cash on hand to pay for all fuel and operating costs on time
  • Having the financial backing to take on new loads or higher-paying work
  • Being able to expand the business into new areas
  • Reducing the amount of time spent invoicing and requesting payments

Get the Cash You Need, When You Need It!

Setting up service with invoice factoring companies like Security Business Capital is usually quite straightforward and fast, and it helps to work with an accounts receivable factoring company that specializes in a certain area of industry, like transportation.

When you work with Security Business Capital, we promise that you can:

  • Get started quickly, in just a few minutes.
  • Enjoy professional accounts receivable management.
  • Speak with knowledgeable account representatives.

Factoring can offer your transportation or freight company an advantage over other companies when you have the cash on hand to pay for various transport costs in advance of receiving payment for the project.

Invoice Factoring Services from Security Business Capital

We customize each trucking or freight factoring loan we provide, and we do that by using our years of experience serving companies in the transportation industry. We offer competitive advances, low rates, and the choice of a short-term contract (spot factoring) or a long-term agreement.

When you work with us, you'll have the opportunity to take advantage of a variety of factoring options and conveniences that include:

Contact Security Business Capital today, we want to help you grow your operation with one of our flexible financing options.

Contact us today to get started with a free consultation for your customized freight factoring loan or trucking invoice factoring agreement.

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