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Trucking, Transportation, and Freight Factoring
Today’s busy trucking world keeps rolling through transportation factoring, the process of selling freight bills to a specialized trucking factoring company in exchange for upfront payment. Freight bill factoring works very smoothly for the freight delivery business model and factoring companies for trucking have proliferated over the last decade.
Freight factoring services through transportation factoring companies can help you spend more time keeping your trucks on the road and less time waiting for your invoices to be paid. Timing is critical in the freight industry, whether you’re waiting at a loading dock for a shipment or waiting for a payment from a customer. The freight invoice factoring specialists at Interstate Capital, one of North America’s most trusted leaders in transportation factoring, understand the importance of timing in your operations. They work hard to ensure that you get paid within hours of pick-up and delivery, without waiting weeks and months to be paid on your invoices.
When you factor your customers’ invoices with a strong truck factoring company, you get paid upfront. You can use that cash for fuel, payroll, maintenance, insurance, taxes, and even new equipment. Freight bill factoring with Interstate Capital can be one of the most sensible financial decisions you will ever make as a motor carrier or freight broker. When you work with a specialist in truck factoring, you gain a partner dedicated to your success today and your company’s growth in the future.
Factoring for Motor Carriers
When you are looking for a top truck factoring company, you can trust Interstate Capital to stand out among transportation factoring companies. Thousands of motor carriers, whether they owned one truck or a fleet, have depended on Interstate Capital since 1993 for funding solutions and benefits that are specifically tailored to freight factoring.
With your own dedicated account manager who specializes in truck factoring and with our easy-to-use 24/7 customer website and mobile app designed for transport factoring, you can receive up to 100% cash advances when you load and payment on delivery. As an extra bonus, Interstate Capital gives you and your drivers one of the best discount fuel cards in the freight factoring company industry, with savings of up to $0.10 per gallon, as well as the ability for us to create and send your invoices.
Benefits for Motor Carriers
- Fast payment
- Low factoring rates
- Interstate Capital fuel discount card
- Funding from copies
- Fuel advances
- After-hours fuel credit
- Money transfers at no cost to you
- Registration on FreeFreightSearch.com
- 24/7 online access
- Account manager as your single point of contact
How does it work?
Take the next step toward positive cash flow and call us today for all your trucking factoring needs. We’ve been helping motor carriers increase their cash flow for over 20 years and we are ready to help your company enjoy the benefits of this debt-free cash flow solution.
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Factoring for Freight Brokers
For nearly 25 years, freight brokers of all types and sizes from across North America have chosen Interstate Capital as their freight factoring company because we know how to make truck factoring easy and convenient. As a leading factoring company for trucking, Interstate Capital can pay your carriers directly, freeing up your time to find freight and grow your company.
Not only will your carriers get paid on time, but you can also offer them fuel discount cards for fuel advances and quick pay. Not all truck factoring companies offer the time-saving back-office services provided by Interstate Capital, services like invoice preparation and sending and in-house credit and collections departments. Let Interstate Capital help you focus on what you do best: keeping your carriers loaded and on the road by using our transportation factoring services.
Benefits of Interstate’s Freight Broker funding solutions
- Fuel advances to your motor carriers with our funds
- Quick pay for your motor carriers with our funds
- Carrier payments sent via ACH, wire check, or Comcheck
- 24/7 online access to images and reporting
- Credit inquiries 24/7
- Letters of guaranty to motor carriers
- No application fee
- Low factoring rates
- Collection specialists
- Your own account manager as a single point of contact
- Unlimited access to post loads and search for trucks
How does it work?
Freight Factoring: A Winning Cash Flow Solution
Freight bill factoring continues to grow in popularity throughout today’s trucking industry because this kind of no-debt financing represents an excellent fit for the typical freight company’s business model. Freight companies of all sizes, ages, and financial stages factor their freight bills to have the cash in hand they need to pay bills and grow their business. In the fast-paced trucking world, speed is critical and many trucking professionals find that factoring is the fastest way to get paid for delivered loads. Turning the funds stuck in their accounts receivable into immediate working capital is a powerful business tool for thousands of transportation companies whether they are startups or long-established businesses.
When you are pressed for time with significant financial needs, Interstate Capital can get you onboarded as a new client within a day or two after you complete your paperwork. Freight factoring with Interstate Capital can be one of the most sensible financial decisions you will ever make as a motor carrier or freight broker. Now is the time to partner with a trucking factoring company dedicated to your success and increased profits.
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We highly recommend Interstate Capital to anyone that it’s either starting a small company or if you are a large company. When we started our company, Interstate Capital was helpful in every way in getting us started. We have been with them for several years now and have never had issues with them, they are always easy to get a hold of them and are always there if you have questions and are they are always willing to listen. We get our settlements quickly. We give a Thumbs up to Interstate Capital.
Interstate Capital is great a must just starting out or small business
I’m a owner/operator of a hotshot. I struggled for the first 6 months I was in business with out them. I wish I would have used them earlier, it made my job and my life a lot easier. Everybody there was really helpful. Would recommend them to anybody.
I was a skeptic when it came to working with a factoring company. Working in the industry for the last 20+ years, everyone has heard the horror stories. So when it came time to grow and find a strategic partner, we chose Interstate Capital Corp. We had several conversations and meetings with JR. He took the time to understand not only how we conduct our business but helped us evaluate our customer’s aging and credit terms before we became a client. JR offered multiple solutions for our needs. In fact, it forced us to look at our accounting procedures and we found a solution that helped increase our profitability and minimize expenses. Their entire team is friendly and knowledgeable. Signing up was extremely easy, and ICC appointed the perfect representative for our account. I am impressed with their technology, ease of doing business and all the additional free perks they offer.
This is a great company
I have never had any problems when it comes to interstate capital corporation. They are always friendly and helpful. They have gone over and beyond to help resolve issues as they arise. I would highly recommend them to anyone who is looking for a great reliable factoring company.
Interstate Capital Client
The staff at ICC is superb. You couldn’t ask for a more friendly staff. Any requests made are handled promptly and with the utmost care. They will do what they can to help out with a wide array of issues and if one person doesn’t know there are others who are quick to speak up with ideas. They are right there next to you during your trial and tribulations and will share in your successes as well. This company definitely has the factoring business figured out and shows tremendous staying power.
Go above and beyond
As a flatbed woman owner operator I find my own freight ,drive ,deal with brokers etc. I don’t have the time to sit at home and wait for the checks do. paperwork everything that goes with it. As all knows wheels aren’t rolling no money is being made.It’s so much easier to just deal with interstate I have worked with Nancy right from the get go and I will continue.I have worked with other factoring companies but this is by far the best. Grass just isn’t greener on the other side .Been steady solid company .I have found out that they will go above and beyond to help keep you going.