Factoring Companies for Freight Brokers
Get Paid Faster with Factoring
Factor Finders specializes in factoring for freight brokers. Freight factoring immediately increases working capital without adding debt, allowing brokers to add carriers and better fulfill shipments.
Factoring ensures freight brokers always have cash on hand to pay their carriers & cover costs. Why get stuck in the middle of slow payment cycles? Steady cash flow is available to all freight brokers, regardless of size or years in business. Just getting started? No problem! Start-up freight brokers are eligible for factoring. In fact, partnering with a factoring company is an excellent way to establish your credibility and offer Quick Pay to your carriers.
Paying your carriers and covering upfront expenses can be tough when shippers are slow to pay invoices. Freight broker factoring is the solution to maintaining the necessary cash flow to grow your business, cover payroll, and take on new opportunities.
Get in touch with us today to learn more about factoring for your freight brokerage. Are you already working with a factoring company? We’d be happy to get you a quick quote to see if we can find you a better rate.
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Benefits of Freight Broker Factoring
- Ability to offer quick pay to carriers
- Free fuel card program
- Flexible carrier payment options (you can pay your carriers or the factoring company can pay them)
- Fuel advances for carriers
- 24/7 online account management and reporting
- Funds within 24 hours
- No long-term contract
- Recourse and non-recourse factoring available
- No up-front fees or application fees
- Simple application and approval process
Are You Ready to Expand Your Business?
Factoring is the debt-free way to boost your freight broker business. Start-up freight brokers and long-established brokerages can be more successful thanks to steady working capital. It’s time to drive your business forward. Start today.
Do you have freight or cargo needing to move? You can get instant online freight quotes and trucking rates at the Freight Rate Central. FRC Logistics is a trusted, and reliable freight service provider that has the trucking services for all of your freight trucking needs.
Factoring Helps Fast-Growing Freight Brokerages
Freight brokerages grow quickly. Even the most financially stable freight brokerage can have difficulty borrowing enough money to meet expenses. Not to mention, obtaining bank financing is next to impossible for startups. Why deal with long approval times and piles of paperwork? It’s easy to get fast cash without the debt or hassle of a bank loan. Factoring decisions are based on your customer’s credit. So, start-up freight brokers and brokers with less than perfect credit can easily qualify for factoring.
Call 1-855-FACTOR-1 to Learn More About Factoring for Freight Brokers
Selling your invoices at a discount to receive quick cash is a reliable way to build credit. The extra working capital will allow you foster carrier and driver loyalty by covering payroll on time, every time. The best part of factoring freight bills is that no debt is added to your business and factors can help you manage your funds with a sophisticated credit analysis system. You can finally pour your energy into growing your freight brokerage because factoring companies will handle the collections for you. Learn more about factoring freight.