Freight Bill Factoring For Trucking Companies

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When it comes to freight factoring, one star stands behind you.

• Fast approval process
• Flexible terms
• Same day funding
• Competitive rates
• No hidden fees

Growing business financing
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OPERATIONS
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freight operations

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MAINTENANCE
Routine or unexpected repairs.

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PAYROLL
Meet payroll obligations and add new drivers.

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FUEL
The lifeblood of your business.

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INSURANCE
Protect your business

You need fast, steady access to working capital for:

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Freight Bill Factoring for Trucking Companies

Freight Bill Factoring For Trucking Companies and Freight Brokers

WE MAKE FREIGHT BILL FACTORING SIMPLE.

Steady cash flow is the fuel that accelerates your business. A freight bill factoring line from Charter Capital is your solution for obtaining funds and services to operate and grow your trucking company. Borrowing from a commercial bank or online lender these days can be full of pitfalls, so rely on Charter Capital for affordable working capital without incurring additional debt, speedy service that keeps you rolling, and an easy funding process that removes roadblocks.

Freight bill factoring is the process of selling business invoices or accounts receivable to a factoring company, like Charter Capital. It’s a great alternative to waiting for customers to pay or taking out a bank loan. Here’s how it works:

  1. You continue to bill your customers as you always have.
  2. You submit the invoices that you want to factor to Charter Capital along with our simple factor form.
  3. We wire your funds directly into your bank account, typically, on the same day you invoice.
  4. We wait for your customer to pay us directly. When we receive payment, we notify you on the same day.
  5. You continue to grow your business, free from clash flow worries.

At Charter Capital, each client is assigned one dedicated account manager, making coordination easy. We also provide back-office support for credit and collections and mailing out invoices.

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Benefits of Freight Bill Factoring with Charter Capital

  • Fast access to working capital at low rates for local and regional carriers, long haul carriers and freight brokers.
  • Minimal paperwork, easy application.
  • You factor only the invoices you choose.
  • Highest advance rates in the industry.
  • No term contracts.
  • Low rates, no hidden fees.
  • Free credit checks.
  • Fuel cards available.
  • Does not increase your business debt.
  • Extend generous payment terms without having to borrow money.
  • Reduce bank NSF charges.
  • Negotiate supplier discounts.
Truckers fuel their business with freight bill factoring

Trucking and Freight News

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Fuel to accelerate your business, easily.

Speed Up Cash Flow for your trucking company with freight bill factoringCharter Capital offers freight bill factoring services to owner-operators and small to medium-size trucking companies nationwide, giving you a readily available source of funds. You get working capital without incurring additional debt.

More benefits of freight bill factoring with Charter Capital:

  1. Speedy service and funding within 24 hours once your account is set up
  2. Immediate cash flow to help operate your business.
  3. Flexibility to structure customized financing.
  4. Flexibility to factor only the invoices you choose.
  5. Minimal paperwork and a user-friendly application.
  6. No hidden fees, no application fee.
  7. No long term contracts.
  8. Free credit checks.
  9. Fuel cards available.
  10. Highest advance rates in the industry.
  11. Comprehensive reporting.

The extra mile, defined.

As a small to medium-size carrier, you need steady cash flow to pay for fuel, repairs, insurance, payroll, and more to keep your business rolling. Freight bill factoring is a common tool used by many trucking companies that gives you fast access to working capital.

At Charter Capital, fast cash at competitive rates is only the start. you also get:

  • Customized financing that fits your needs.
  • Transportation specialists who understand your unique business problems and goals.
  • A true partner to help you overcome financing hurdles and do the extra work to make factoring work for you.
  • Dedicated account managers who care about your business.
  • Fast response with no layers of approvals.

We’ve earned a reputation for assisting trucking businesses over the past 30 years. Long-term customer relationships and client referrals illustrate the positive results of your personal, one-on-one service.

How does it work? Easy!

Our method of funding acts as an alternative source of business financing and eliminates many of the criteria required for traditional bank loans. Your ability to get funding is based on the credit worthiness of your customers, not your balance sheet. The amount of funding you have access to increases in proportion to your invoicing.

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    1. […] seeking a freight bill factoring company, it’s a wise idea to look for one that’s a member of either the International Factoring […]