Flexible Cash Flow Programs

Once you are set up in Freight factoring Specialists’ system, you will forward your approved customer’s Bill of Lading to us. In turn, we will buy that invoice from you by sending you the agreed upon amount based on the invoice total. We will then invoice your customer and collect payment on the invoice. No further action is required on your part. Send us your BOL and we send you cash, factoring for trucking companies is as simple as that!

Factoring your invoice is a great tool, especially in the Transportation field. When you haul loads, your work is done, right? Unfortunately not! You then need to prepare an invoice and wait until your customer pays you. Then you need to enter that invoice, deposit the check and wait for it to clear. As you may know this process could be time consuming and take weeks to finish and get your money in your account where you need it.

Using a trucking factoring company like 18 Wheel Factoring, you are providing your business with the near instant cash flow you need to succeed. We do a lot of the heavy lifting back office work for you while giving you the cash you need to grow.

Not at all!!! We will need some basic information from you to setup your account with 18 Wheel Factoring. Once approved and setup, you can start sending BOL’s right away and receive your factoring funds.

NO. Unlike many of our truck factoring competitors, we don’t require any contract. We invest a lot of time and money setting up a new account so that you will stay with us for the long haul. Each account is like a family member to us and we want you to be 100% satisfied. In the very off chance that you are not, we are not here to hold you hostage. While it would be a tremendous failure on our part, if you are unhappy with our services you are free to go at any time. We sincerely hope this never happens and if you are unhappy with something, reach out to us. We will all bend over backwards for you. After all – Our customers are our best advertising.

As you can tell from our name, we do one thing, and one thing only. We factor transportation invoices. We know truckers and trucking companies, that’s it! Our family owned and run office is here to serve you. We are easily reached both during regular business hours and after. Need a fuel advance for your load, on a Sunday? No problem give us a call, we are here ready and happy to serve our loyal customers.

No, you do not. However, all invoices for a particular vendor must be factored with us. In other words if you factor an invoice for customer “ABC trucking”, then all invoices from ABC must be factored. If you invoice other companies while you are always welcome to, you are not required to factor them.

No. Invoice discounting is not generally available in the transportation industry, we only offer factoring.

Yes, we offer recourse and non-recourse invoice factoring. The two types differ in one major component and that is, responsibility. In non-recourse factoring, you the customer have no responsibility to reimburse us for bad invoices, we are taking the credit and collection risk. In recourse factoring, you the customer would be responsible for reimbursing us for non-collectible invoices. Recourse factoring is usually a cheaper method of factoring.

Our commitment to our customers knows no bounds! We know your schedules can be pretty crazy. We make ourselves available almost 24/7 by phone, fax, email and web chat to help you. We at 18Wheel Factoring pride ourselves in long term customer relationships. Our goal is to be your single point of contact for maintaining and growing your company. At 18 Wheel Factoring we use the latest technology to help you get the most up to date service as possible. Need something? Ask and we will make it work. Our customers are our blood and our large referral base is proof that it works.

Easy. We’re ready to help you get started. Contact Us Today