Once a load is delivered, you send us the paperwork and get paid within 24 hours. We will submit necessary paperwork to the broker or shipper.
You will receive a payment for the value of the invoice minus the factoring fee. Our team of collectors will follow up on all your outstanding invoices.
Freight factoring services will take the burden off your shoulders. You can book and deliver shipments with confidence knowing that you will get paid immediately.
Factoring can provide cash for fuel, repairs, insurance, and other bills to help grow your business.
With our invoice factoring, you’ll get paid instantly instead of waiting for 30, 60, or 90 days. Our team of collectors will follow-up with shippers and brokers, so you can focus on the road.
Factoring is not a loan. Therefore, it doesn’t require a strong credit score and a complex approval process.
Rest assured that our factoring services have no monthly interest and you’ll enjoy a fixed rate. We give you full control over your fees, so you can maximize your income and reduce spending.
Our accountants will help your business save time and money. We will process payroll, pay bills, reconcile your receipts, and post accounting entries. You will receive monthly financial statements to review and deliver to your CPA at the end of the year. Staying on top of your finances is key to running a successful business.
We will digitize all your receipts, files, and documents and upload them in one place. This way, you can access any record in just a few taps. With professional bookkeeping for truck drivers, you’ll know where each cent goes.
You’ll also see how much you spend on fuel, maintenance, tolls, food, insurance.
Factoring Express TCS fuel cards are a great way to save money over-the-road with big discounts on fuel purchases and service discounts, while controlling product purchases and limits.
Fuel discounts add up to huge savings – our program has delivered over $150 Million in discounts from our truck stop partners directly to our clients!
Over the past 12 months, purchases from our 1,000+ in-network locations have enabled our clients to save over 35 cents per gallon. We understand how hard it can be for trucking companies to manage and control fuel expenses, and we help make it easy and cost-effective.
Braylen George
Highly recommended company. I saved a lot of time from invoicing and I can call anytime if I have any questions. My funding got released in just 48 hours. They also send monthly reports so I can track my finances while on the road.
Ross Ida
I have a small freight company and I literally don’t have any idea about invoicing. Factoring Express was referred to me and now they handle all my collections. Really helped me save a lot of time and their representative is also easy to contact.
Colleen Brion
Great factoring company. Very flexible and offers a good rate. They approved me many times for funding which covered a lot of expenses of my trucking business. The guys protected me from bad brokers so I highly recommend them.
Kingsley Tarah
Very professional sales dept. and the team lead helped me and my team get through all our invoicing like a pro. Our paperwork is a mess when we contacted Factoring Express, but they are so patient and understanding.
Royle Patton
It’s a pleasure working with them! They are always on time and they always pick up calls. Their representative gives follow-ups to make sure we’re doing well. Great company.
Evalyn Thurstan
I had worked with 5 factoring companies before and only Factoring Express worked for my freight business. They never pressured me to make decisions like others did. Their team walked me step by step in the invoicing/collection process.
Colleen Brion
Evalyn Thurstan
No Setup Fee. No Termination Fee. Cancel Anytime.
A dedicated team will work with you and brokers directly to collect on your outstanding invoices.
We offer transparent pricing, you will always know what you are paying.
You can check brokers' credit, view aging reports, view our collection team notes, and post your own collection notes - you have access to all paperwork. You can even get a report of how much you factored to us annually for tax purposes.
FREE TRIAL
What is freight factoring?
Factoring is a financial service for truckers where broker/shipper invoices are funded at the time of delivery. The factoring company will own the invoice and collect it from the customer. This removes the day-to-day responsibility from the driver while providing much-needed funds.
In exchange for this convenience, the driver or trucking business will give up a small percentage of the invoice amount. Overall, the fees are much smaller compared to the losses the company will suffer if they wait for customers to pay in 30–90 days.
Can a factoring company help me find loads?
Here at Factoring Express, we work with multiple dispatch partners to provide you with full-service factoring and dispatch solutions.
Do I need to invoice both the factoring company and the broker?
No, you only have to send an invoice to the factoring company. From there, the factoring company will prepare all the documents and bill the broker/shipper.
How much do factoring companies charge?
Factoring companies charge a percentage fee on the actual value of the invoice they factored. With Factoring Express, you can get rates as low as 1.99%. Overall, the actual rates depend on the type of funding, factored amount, customer risk, and so on.
Why should I factor my freight invoices?
Most brokers and shippers hold their payment for up to 90 days. If you wait this long, your trucking business will suffer from out-of-pocket expenses.
If you factor your freight invoice, you will receive funding within 24 hours. Also, the factoring will bill the broker/shipper and will do soft collections for up to 90 days. This way you don’t have to make follow-up calls while you are on the road.
How long does it take to get set up?
We can get you set up within the same day as long as required paperwork is submitted during business hours.
paid today
paid today
