Who Uses Freight Bill Factoring?

Who Uses Freight Factoring? 

Trucking businesses of all sizes use freight bill factoring to obtain cash advances on their unpaid sales invoices. It is a simple means of accessing immediate cash on funds that are already due. It is estimated that 15% to 20% of trucking companies and freight brokers employ the services of a freight bill factoring company to improve cash flow and fuel growth. Utilizing the benefits of freight factoring is now considered a mainstream financial strategy for startup, established and growing trucking companies.


 

freight factoring growing fleet
  • One truck companies
  • Small fleets
  • Startup companies



     
a moderately sized trucking company that uses freight factoring
  • Medium fleets
  • Large fleets
  • Growing fleets



     
  • Freight brokersa freight broker looking at a load board



 


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