Freight Factoring: Factoring for the Trucking and Freight Industry
Welcome to our freight factoring division. We understand the cash flow challenges facing your growing transportation and freight company. We have tailored solutions to meet your needs. Use the freight bills you have on hand to unlock the cash in your company. We can instantly advance your trucking company funds of just a few thousand and up to millions of dollars per month.
Is freight factoring right for me?
Whether you own one truck or a fleet, or you’re a freight broker looking to expand your business, we can help you. We understand the unique documentation in the trucking and transportation industry and leverage this knowledge and experience to provide solutions to help you solve your challenges and focus on growing your company.
Most of our freight factoring customers fall into one or more of the following situations:
- freight companies with unique expansion opportunities that require considerable capital
- start-up trucking companies with no established financial relationships
- companies with bigger customers that demand more aggressive credit terms
- freight companies with seasonal or cyclical sales patterns
- business owners with past credit problems
- rapidly expanding companies with uneven earnings and sales histories
- companies experiencing cash flow shortages due to slow receivables turnover
It is not uncommon for transportation and freight companies to face cash challenges during times of growth. At GrowCo, we have many freight bill funding resources and several combined years of experience with traditional invoice factoring and the transportation and freight industry in general. We are specialists in helping companies just like yours with their cash flow needs. If you need cash to purchase fuel, repair trucks in your fleet, meet payroll, or for any other reason, we can help.
Whatever your niche in the transportation or trucking industry, we can help you meet your obligations on time, every time.
Give us a call at (866) 268-9515 or complete our quick application above.
Benefits of Factoring with GrowCo:
- Rates as low as .5%
- Funds deposited into your account within hours
- No long-term contracts
- No minimum volumes or minimum fees
- Factor only when you want
- Factor only the invoices you want
- Flexible and creative financing programs other than factoring
- Super fast approval
- No application fees
No Financials Needed. No Application Fees. Creative Financing for Any Industry. Rates as Low as .5%.
Call us 24 Hours a Day, 7 Days a Week: (866) 268-9515.