Factoring Services

freight factor photo

  Freight Bill Factoring

Do your freight bills take up to 60 days to pay? Do you need money sooner? We can help you. Our factoring program finances slow-paying freight bills and provides you with funds quickly. It helps you handle cash flow problems due to slow-paying shippers and clients.

You can use the funds to pay for drivers, fuel, and repairs. More importantly, however, you can use these funds to take on more loads – and grow your business. We finance carriers and brokers in the United States.

How does freight bill factoring work?

Our freight bill factoring plans are simple to use and quick to set up. And once a plan is set up, it provides you with predictable cash flow. Here is how our plans work:

  1. You deliver the freight load to your customer
  2. You send the freight bill to the customer and submit a copy to us (this step varies)
  3. We send the advance to you by wire or direct deposit
  4. Once your client pays, the transaction finishes

80% Recourse Advances

We know that cash flow is important to your business, which is why we do our best to give you the highest possible advance. Our advances are 80%. We can provide higher advances to selected clients.

Rates as low as 1.5%

But high advances aren’t everything. To be successful in the trucking industry, you need to watch your costs as well. Our plans have low costs and are easy to understand.

To get an instant quote, fill out this form.

Short-term contracts

We understand that you don’t want to be tied to a freight factoring company for any longer than is necessary, so we can structure short-term contracts to meet your needs. We want you to be with us only for as long as we are helping you grow.

Take us for a test drive

We want the chance to earn your trust – and your business. To get an instant quote, fill out this form. You will receive an approximate quote in seconds with NO COMMITMENT required on your part.

Optional fuel advances for small carriers

We can also provide fuel advance factoring to select small and growing trucking companies. This program provides you with an advance that allows you to fuel your trucks and deliver more loads.

Works with fuel cards

Our program works with fuel cards. This flexibility gives you and your drivers an easy way to pay for fuel and maintenance expenses. It also gives you an easy way to control how money is spent.

Benefits of freight bill factoring

  • Predictable cash flow
  • Funds to pay for drivers, fuel, and repairs
  • Quick approvals
  • Credit checks
  • Fuel cards

What type of Trucking Companies Qualify?

Any trucking or freight brokerage company that has not already committed their account receivable as a form of collateral.

  • Small Start-ups – (Robinson Factors, Inc will fund) Up to $10,000.
  • Medium to large Funding- Brokered to Larger Factors.
  • Local and long haul trucker/ brokers.

Need a factoring quote?

We can provide high advances at low rates to truckers and freight brokers. For an online quote, fill out this form. You can also call us at (212) 653-0397.

What we offer:

  • Low rates: As low as 1.5% for qualifying clients.
  • High advances: As high as 80%
  • Fuel cards: Get better fuel pricing and cost control
  • Short terms: Usually 30 days with automatic renewal
  • Simple termination process: Drop us if you no longer need us
  • Quick setup time: We do our best to get your account set up quickly
  • Quick funding: We do our best to fund you the same day we get your invoices