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AccountReceived.com has helped thousands of businesses get paid for invoices in 24 hours!

Plus we offer a guaranteed low rate! After reviewing your information, if we can’t provide you with the lowest quote, we will introduce you to a trusted partner who can. Contact us today!

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#1 in Freight Factoring + Same-Day Funding

  • 💰 Get funding on open invoices within 24 hours! Simple, transparent pricing with NO hidden fees!
  • ⛽ Fuel discount program included: NO contract, NO annual fee, and an average savings of 25¢ per gallon! Plus you can get credit lines over $3,000 per truck, per week.
  • 🖥️ Upload invoices quickly online and get same-day payment! We offer industry-leading factoring rates and scalable funding.
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Why Use Freight Factoring?

Freight factoring, also known as transportation factoring or trucking factoring, is a financial service commonly used by trucking companies and freight carriers. It involves selling accounts receivable (unpaid invoices) to a third-party factoring company at a discount in exchange for immediate cash. Here are several reasons why freight factoring is utilized:

  1. Cash Flow Management: Freight factoring provides immediate access to cash, which helps trucking companies cover operational expenses such as fuel, maintenance, payroll, and other overhead costs. This can alleviate cash flow constraints caused by long payment cycles from shippers or brokers.
  2. Steady Cash Flow: Freight factoring ensures a steady flow of cash by converting unpaid invoices into immediate funds. This stability allows trucking companies to operate smoothly without disruptions due to late payments or extended payment terms.
  3. Business Growth: Access to quick cash through factoring enables trucking companies to take on more loads, expand their operations, invest in new equipment, hire additional drivers, or pursue growth opportunities that require upfront capital.
  4. Risk Mitigation: Factoring companies assume the risk of collecting payment from customers, reducing the trucking company’s exposure to bad debts, non-payment, or late payments. This helps in managing credit risk and maintaining financial stability.
  5. Credit Facilities: Freight factoring doesn’t require a strong credit history or collateral like traditional loans. It’s based on the creditworthiness of the trucking company’s customers (shippers or brokers), making it accessible to businesses with limited credit or financial history.
  6. Efficiency: Factoring companies handle invoice processing, credit checks, and collections on behalf of trucking companies, saving time and resources. This allows trucking companies to focus on core operations rather than administrative tasks related to billing and collections.
  7. Flexibility: Freight factoring arrangements are typically flexible and can be tailored to the specific needs of the trucking company. Companies can choose which invoices to factor and when, depending on their cash flow requirements.
  8. No Debt: Unlike loans or lines of credit, freight factoring does not create debt on the balance sheet since it involves the sale of assets (invoices) rather than borrowing money. This can be advantageous for trucking companies looking to avoid additional liabilities.

Freight factoring provides a convenient and flexible financing solution for trucking companies, offering immediate access to cash, improved cash flow management, risk mitigation, and support for business growth. However, it’s essential for trucking companies to carefully evaluate the terms, rates, and fees associated with factoring services to ensure that it aligns with their financial objectives and operational needs.

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Best Truck Factoring Company

Our team has provided accounts receivable invoice factoring and truck factoring for trucking companies in all 50 states!

What is truck factoring?

Truck factoring, also known as freight factoring or transportation factoring, is a financial service specifically tailored to the trucking and freight industry. It involves the sale of accounts receivable (unpaid invoices) to a third-party financing company, known as a factoring company, at a discount. In exchange, the factoring company provides immediate cash to the trucking company.

Here’s how truck factoring typically works:

  1. Invoice Generation: Trucking companies deliver goods or services to their customers and issue invoices for the work performed or the products delivered.
  2. Submission of Invoices: The trucking company submits these invoices to the factoring company for verification and processing.
  3. Advance Payment: Upon verification of the invoices, the factoring company advances a large percentage (up to 98%) of the invoice value to the trucking company upfront, providing immediate cash flow.
  4. Collection and Settlement: The factoring company assumes responsibility for collecting payment from the trucking company’s customers (shippers or brokers) according to the agreed payment terms. Once the invoices are paid by the customers, the factoring company deducts its fees and any applicable discount, then remits the remaining balance (the reserve) to the trucking company.
  5. Service Fee: The factoring company charges a fee for its services, typically calculated as a percentage of the total invoice value. This fee can vary depending on factors such as the creditworthiness of the trucking company’s customers, the volume of invoices factored, and the duration of the factoring arrangement.
What are the benefits of freight factoring?

Truck factoring provides several benefits to trucking companies:

  • Immediate Cash Flow: By converting unpaid invoices into immediate cash, trucking companies can cover operational expenses such as fuel, maintenance, payroll, and other overhead costs without having to wait for customers to pay.
  • Steady Cash Flow: Factoring ensures a steady flow of cash, which helps trucking companies manage day-to-day operations and maintain financial stability.
  • Risk Mitigation: Factoring companies assume the risk of non-payment or late payment from customers, reducing the trucking company’s exposure to bad debts and credit risks.
  • Business Growth: Access to quick cash through factoring enables trucking companies to take on more loads, expand their operations, invest in new equipment, hire additional drivers, or pursue growth opportunities.

Truck factoring provides a flexible and efficient financing solution for trucking companies, allowing them to improve cash flow, manage risks, and support business growth.

What are trucking factoring rates?


Trucking factoring rates can vary depending on factors such as the specific terms of the factoring agreement, the creditworthiness of the trucking company’s customers, the volume of invoices being factored, and the duration of the factoring relationship. Most factoring companies charge a flat fee for their services, typically ranging from 1% to 7% of the total invoice value. This fee is deducted upfront from the advance payment provided to the trucking company.