What Is Factoring?
Factoring companies for trucking, also known as freight factoring companies, provide a fast, reliable way for transportation to turn unpaid invoices into instant cash.
Through invoice factoring, a factoring partner pays you most of the value of your load invoices upfront, so you don’t have to wait 30–90 days for brokers or shippers to pay. Thus freight factoring helps maintain steady cash flow for growth and expenses.
Why Factor?
Running a trucking company takes more than keeping your wheels on the road, it takes steady cash flow. That’s where freight factoring comes in. Factoring gives you access to the money you’ve already earned, without the long wait for brokers or shippers to pay.
Accelerate
cash flow
cash flow
Get paid the same day you deliver your load.
Eliminate Payment Delays
Avoid waiting weeks for broker or shipper payments.
Support Business Growth
Maintain operations, hire more drivers, and expand your fleet without financial interruptions.
Reduce Administrative Burden
Outsource collections while keeping control of your business.
With Factoring vs
Without Factoring
Without Factoring
How does Factoring Work?
Here’s a simplified step-by-step process for freight factoring:
Example: Haul $50,000 worth of freight. With a 1% factoring fee, receive $49,500 immediately instead of waiting weeks for payment.
Why Factoring Explained in 5 minutes!
Want to learn more about Factoring?
Check out this short video to discover how factoring can benefit your business and why it’s an essential tool, all in under 2 minutes.
Ready to get started?
Get in touch with Silchuk Factoring today to see how much cash flow you can unlock.