How Factoring your Accounts Receivables can Finance a Trucking Company

Factoring your accounts receivable invoices and financing you trucking company in today fast paced competitive trucking industry. We can help!

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Cash flow problems can happen to anyone. Financial problems usually exist for transportation and logistics Companies that are seeing steady growth. Why? Because as you grow so do your operating expenses. This makes managing the company more difficult and may even affect your ability to stay competitive or even stay in business.

Factoring your open accounts receivable invoices is a good idea and can help out with operating expenses, equipment purchases and investments and even day-to-day fuel costs.

Freight Factoring or Transportation Factoring is being used by almost every small to midsize  trucking company to improve cash flow, pay operating expenses, online credit checks, fuel cards, fuel discounts, fuel advances, buy equipment and insurance.

Larger fleet companies may have better results with asset based lending (ABL). Lines of funding can provide the same or equal benefits as bank funding, but are easier to get. This makes asset based lending ideal for midsize fleets that have cash flow problems and need funding.

Asset based lending enables you to leverage your current assets, like accounts receivables and equipment to get the cash you need right away. (ABL) is flexible and can be used for improving cash flow, pay operating expenses, buy equipment and other assets, leverage buyouts and turnarounds.

As opposed to conventional loans you may get through your bank, asset based loans have ew covenants and can be approved quickly. On average, the application and due diligence can be done in a couple weeks. This is ideal for midsize to larger logistics companies that need an injection of cash.

The differences between asset based lending and factoring are: asset based lending is only available to companies that have bigger fleets; Shippers are not usually notified of the relationship, Most invoices are not verified and you handle your own accounts receivables.


Asset based lending (ABL) is a great option for finance in the transportation industry and can help your business if you have cash flow problems and need immediate funding. They are a good alternative to conventional lender products and provide you with many of the benefits of conventional lending.

To qualify  your trucking company should have a *minimum of $1 million in monthly revenues (if you have less than this, try factoring your open accounts receivable invoices) *Must have invoices from quality shippers, *established invoice tracking and collections process as well as *reasonable finance statements.

Every Factor is different. Make sure and download Factor App to get multiple offers on your Factoring needs. At Factor App – Factors compete to Buy your Accounts Receivable Invoices so you get the best deal. Download Factor App now – and get paid as soon as today!

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Questions you need to ask before committing to a new Factor finance company

You’ve decided to start Factoring your accounts receivable invoices for immediate cash. What are some of the questions you need to ask before committing to your new Factor finance company?

  1. “How long does your contract require me to work with you?”
  2. “Can I leave before the contract maturity date?”
  3. “How much will it cost me to end our contract before the maturity date?”
  4. “If termination fees, how do you calculate those fees?”

Regardless of what the account executive tells you over the phone, make sure and double check the contract. Look for a section called “Term” or “Termination”

TIP: A contract that has no specific length of time specified, that ties you to the Factor is in your best interest.

You need to decide if you want Non-recourse factoring. In our experience, non-recourse is the best. Simply put, if your customer doesn’t pay the Factor, the Factor can’t come after you for the money they’ve already advanced you; hence the term “non recourse”

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True Non-recourse should cover you in everything accept product delivery or service issues. Here are some questions you need to be asking for True Non-recourse Factoring.

  1. “Do I have to sign a personal guarantee?”
  2. “If the Payer goes Bankrupt am I protected?”
  3. “If the Payer doesn’t pay, but didn’t claim bankruptcy am I covered?”
  4. “What happens if the Payer doesn’t pay until after the invoice due date?”
  5. “Will I ever be charged back or have to repurchase the invoice?”
  6. “Do you charge your fee upfront and take it out of my advance or the reserve amount collected at invoice maturity date?”
  7. “Are you holding a reserve?”
  8. “Does my rate increase as the invoices ages?”
  9. “Do I have to Factor all my business invoices with you, or can I Factor select invoices?”
  10. “At what age does the invoice get Charged Back?”
  11. “Is the rate fee FIXED on a Charge Back Invoice or does the rate fluctuate?”
  12. “How soon after the invoice is paid do I get my reserve?”
  13. “What is the cost to get setup with your Factor Company?”
  14. “Is there any application fee?”
  15. “What is the minimum you require, that I have to Factor each month?”
  16. “What if I don’t meet these minimum amounts, what are the fees if any?”
  17. “When do I pay my UCC financing statement fee; Before or after I Factor my first invoice?”
  18. “Will you fund on faxed, scanned or copied documents, or must you have the original?”
  19. “Does the rate increase if the document submitted for funding is not the original?”
  20. “How long do I have to submit the originals before I start getting charged late fees?”
  21. “How much are these late fees?”
  22. “How are short pays and chargebacks handled?”
  23. “How am I notified in the event of a dispute resolution and what is the process?”
  24. “What do you do if the Payer says they paid me directly, but I tell you they did not?”
  25. “Is the Payer required to produce a front and back copy of the delivered check proving it cleared, in the event of a dispute?”
  26. “Can you ACH direct payments to my bank account?”
  27. “Can you split payments; Like half of the advance ACH direct deposit and half to Western Union or Money Gram?”
  28. “Does your contract include provision for Field Audits?” Some factors want you to pay their costs in the event they need to come to you for an audit you in your local city, state.
  29.  “Does your contract force me to pay your attorney fees?”
  30. “What does your UCC filing cover? Is there a lean on the Accounts Receivable or all assets?”
  31. “Do I have to factor all of my customers? Once I start Factoring do I have to include all my customers, moving forward?”
  32. “What are your fees to get me my money? What payment options do you offer, ACH, Wire, Mail Check, Fuel Card?”
  33. “Is there any per invoice fees?”
  34. “Is there any other fees in addition to the factoring fee?”
  35. “Do you pay a referral reward if I refer a new Factoring customer to your company?”

Make sure you’re getting the best offer when Factoring your Accounts Receivable Invoices. Use Factor App – Where Factors compete to Buy your open accounts receivable invoices for immediate cash.

*Copy the Questions above and email them to the top 3 Factors you’re considering. Ask them to replay to each question within an email so you can compare your options and find out which Factor is right for you! 

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How does invoice factoring work?

What is Invoice Factoring

Invoice factoring is when a business owners sells their accounts receivables (invoices) to a third party (called a Factor) at a discount.

Why Factor App

If you can receive multiple offers for your invoices, so you get the best deal and most money when factoring, wouldn’t you at least give it a try?  Great, then visit and download or app to start getting the most money for your accounts receivable invoices today!

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Factoring is a service know as accounts receivable financing, accounts receivable funding and/or cash flow financing. Factoring is the process of outsourcing your accounts receivables to a Factor and in exchange the Factor provides immediate funding. Each factor is a little different and have unique terms, rates and lending practices.

That’s why when you’re ready to start Factoring, you should use Factor App. With Factor App, Factors compete for the opportunity to buy your invoices, so you get the leverage you need to negotiate the best deal for your business when factoring.

  • Negotiate more upfront money
  • Negotiate your liability options – maybe you want Non-recourse factoring
  • Negotiate the best rate
  • Negotiate the best terms
  • Negotiate the most money for your invoices

In many industries, payment terms range from 30-90 days or more. Growing companies like yours require injections of continuous cash flow to offset expenses and help keep business operations strong.


Factoring can be the right financing solution for those with new or little credit. Unlike conventional lending institutions, Factoring is based on the credit worthiness and strength of the debtor or the (payer). So for companies that have been denied by banking institutions and for brand new businesses with little or no established credit, Factoring can prove to be a viable key to your companies growth and success.


Factoring provides your business with immediate cash flow upon the creation of new invoices. By agreeing to sell your receivables to a Factor, your company can pay bills, focus on building new client relationships and pursue new business opportunities every day. You’ll also have the assurance that your accounts receivable are being properly maintained and paying as promised.

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Thank you for Trying Factor App – Accounts Receivable Invoice Bidding Marketplace



Factored invoices to increase your cash flow reduce your liability

Factoring your accounts receivable invoices to increase your business cash flow will help reduce your liability. Get the cash you need to keep your business running strong by Factoring your receivables today!

Download Factor App

for iPhone –

for Android –

1.) Snap a picture of your invoice, bill of lading or pick-up order to begin

2.) Tell us the amount of the invoice

3.) Tell us about how many invoices you receive a month

Within a few minutes you’ll have multiple offers from Factors to buy your accounts receivable invoices for immediate cash.

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Get paid as soon as today (factor) your receivables with Factor App

Trucking Invoice Factoring

You’ve got a stack of invoices that are worth money. Factor your trucking accounts receivable invoices, to get paid as soon as today!

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Factor App is the fastest and easiest way to get the most money for your trucking invoices. Factors compete to buy your invoices, so you get the most money when selling your receivables (factoring)