Freight Factoring
Turn Your Outstanding Freight Bills Into Cash Now
Are you looking to unlock cash in your outstanding invoices? Waiting 30, 60 or 90 days for your customers to pay can really put a strain on your freight business. Freight invoice factoring can provide immediate cash for your freight bills and help with cash flow.
Factoring receivables from $10K to $25M.
Key Features
- Advance Rates — Up to 95% of accounts receivable
- Personal Guarantee — Non-recourse
- Funding — Available within 24 hours of verification
- Bad Debt Protection — Factoring company takes on all credit risk
What Is Freight Factoring?
Freight factoring, also known as trucking factoring or transportation factoring, is a financial service where trucking companies sell unpaid freight invoices to a factoring company in exchange for an immediate cash advance.
Once the invoice is factored, the factoring company collects payment directly from the customer when the invoice is due. After collection, any remaining reserve balance is released to the trucking company, minus a small fee.
Freight factoring is a specialized form of invoice factoring designed specifically for the transportation industry, helping trucking companies bridge cash flow gaps.
Freight Factoring is not a loan. No debt is created — the capital provided is based on the credit of your customers, not your balance sheet.
Freight Factoring Service for Every Type of Trucking Business
- Owner-Operators
- Trucking Fleets
- Freight Brokers
Why Work with Eagle Bend Capital Financing?
Eagle Bend Capital Financing offers the financing you need, when conventional lending sources cannot. We work with a broad network of lending partners to help businesses secure flexible working capital solutions tailored to their needs.
Get Started
If you would like to learn more about our Freight Factoring, or any of our other product solutions, contact us today.