Freight Factoring for Trucking Companies

Most freight brokers and shippers pay on net-30 to net-90 terms while your trucks keep running. Delayed payments are the number one reason small carriers run short on cash, even when loads are steady and small businesses make up the vast majority of motor carriers, according to federal carrier data.

Factoring stops the wait on broker payment cycles for your delivered loads:

• Funds hit your bank account within one business day of approved invoices — immediate payment, not weeks later.

• You can take the next load instead of parking the truck waiting to get paid.

• Steady, predictable funding makes it easier to cover operating expenses like fuel and payroll.

Factoring agreements come in two forms:

• Recourse factoring is the most common and most affordable. If the customer fails to pay, the trucking company is responsible for paying the factoring company back.

• Non-recourse freight factoring — also called non-recourse factoring — shifts the risk of non-payment to the factoring company. In covered defaults such as insolvency, the factoring company takes that risk and absorbs the loss, usually for a slightly higher factoring rate.

Either way, free credit checks on your brokers and shippers help you avoid bad-paying customers before you haul the load.

A common question owner operators ask is how much a freight factoring company charges. The factoring fee generally runs about 2% to 6% of the invoice amount, depending on your volume, your customers, and the agreement type. Review the contract terms before signing.

Our freight factoring starts at 3% of freight value, with flat-rate pricing. See our full factoring pricing before you commit:

• No sign-up fees and no minimum volume — factor when you want, at the volume you want.

• No additional fees or transaction fees beyond the stated pricing.

• Free invoicing and free credit checks are included, so we act as your accounts receivable department at no extra charge.

Consistent cash flow is what keeps a trucking business growing instead of just surviving. When you can count on getting paid within a day, you can plan ahead, take on bigger loads, and keep finding consistent loads.

Truckers often compare factoring to a business line of credit. A line of credit is debt you borrow, owe interest, and approval depends on your credit history and bank account. Invoice factoring is not debt; you advance money already earned.

• Approval is fast — based on your customers' credit, not years of business history.

• Funding grows as you deliver more freight, giving you instant access to working capital instead of a fixed limit.

Factoring with Resolute is more than fast payments. Our fuel card program helps you maximize fuel savings on every mile you run.

• Fuel discounts at truck stops nationwide that add up fast over a busy month.

• Fuel advances through our fuel advance program, so you have cash for fuel before the invoice clears.

• One account for funding and fuel, visible in your online portal in real time you keep more of what customers pay.

The best factoring companies fit your business needs and stand out in a few ways, so read the whole agreement, especially with rising operating costs squeezing margins:

• Transparent, competitive rates with no hidden fees or surprise charges.

• Fast, reliable funding — ideally same-day or next-day on approved invoices, since companies offer different service levels.

• Real support from people who know trucking - not a call center.

• Simple onboarding with proper documentation up front; strong providers in the transportation industry also offer free credit checks.