Freight Factoring for Trucking Companies


We Accept Copies for Funding - Group Discounts on Fuel

USA & Canada

We Make Same Day Decisions - No Originals Needed - Fuel Advances Available - Set Up In 3 Days

Not all factoring companies for trucking are the same, 1st Commercial Credit is a freight factoring company for all industries. Services include Free Online Credit Checks, Fuel Discounts, Fuel Advances and we accept images for funding.

Industries we Fund:

Reefer - Auto Transporters - Oilfield Services - Heavy Haul - Long Haul - Couriers - Freight Brokers - Intermodal

30 Day Factoring Trucking Rates as low as 0.69% - 1.59%

Start Today

Customized Rates for Large Fleets starting at    Prime Rate +2% & Admin Fee



Small Fleets

(No Monthly Minimum)

Truck Companies
4.9% Flat Rate

Full Advance for
Small Fleets

Start Process!
  • No Up Front Fee to Set Up
  • No need to over-night mail
  • Free credit checks online
  • No monthly minimums
  • Set up in 3 days
  • Same Day Funding

Mid to Large Fleets

(10k Monthly Minimum)

Trucks to Large Fleets
0.69% - 1.59% Rate

Custom Rates Available for
Large Fleets

Start Process!
  • No Up Front Fee to Set Up
  • No need to over-night mail
  • Free credit checks online
  • Set up in 3 days
  • Same Day Funding
  • No Financials needed up to 350k

Freight Brokers

(10k Monthly Minimum)

Freight Brokers
0.69% - 1.59% Rate

Custom Rates Available for
Large Freight Brokers

Start Process!
  • Online Schedule Payments
  • Free Credit Checks
  • ACH or Wires to Carriers
  • Instant Credit Increases
  • Set up in 3 days
  • Must have permits in place

Request a Quote Online

Start Today   Set up in 3 to 5 working days!

Freight Factoring is Simple:
  • Instant Cash Flow for your Trucking company.
  • Haul more loads by granting credit terms to new customers.
  • No need to borrow money for fuel, payroll, permits or other expenses.
  • Same day funding on credit approved shippers or brokers
  • We Make Same Day Decisions!
  • We accept 1 Truck operators, credit lines up to $10 million for larger fleets.
  • Large Fleet Revolving Credit lines with Low Flat Fee Rates.
Why Choose Us?
  • We offer Fuel Card Discounts
  • We are flexible in approvals and make same day decisions.
  • We keep it simple - No financials needed, No up-front fees to set up.
  • We provide cash flow to Trucking companies every day.
  • We have affordable factoring rates for all size fleets.
  • We set up your initial funding in 3 to 5 working days.


 

Ready to take your business to the next level?

30 Day Trucking Factoring rates as low as 0.69% - 1.59%

Start Today

 

Call now for details at 1 800 876 6071 

(Rates subject to industry and collection cycle)

Simple & Flexible Factoring for Small to Medium Size Trucking Fleets

No Financials Needed - No Admin Fees - No Application Fees - No Monthly Minimum - Free Credit Checks


Request a Quote Online

Start Today

Get your initial funding in 3 to 5 working days!

Most of our Trucking clients are either:
  • Fast growing Freight companies whose past earnings and sales histories will not justify the increased borrowing.
  • Start-up operations with no financing base to rely upon or companies with seasonal or uneven sales patterns.
  • Principals with bad credit and cannot obtain traditional financing.
What type of trucking companies qualify for freight factoring services?
  • Any Freight company can qualify for a factoring receivables credit line if:
    • It hauls for credit worthy shippers or freight brokers.
    • It has not pledged accounts receivable as collateral.
    • Any Freight Broker, please see Factoring for Freight Brokers
  • Trucking Industries Accepted
    • Owner Operators
    • It has not pledged accounts receivable as collateral.
    • Freight Brokers
    • Dump Truck Hauling
    • Long-Haul Truck Load, Local Delivery or LTL
    • Automobile Haulers (case by case basis)
 
Trucking Factoring Companies are helping with cash flow issues.

 

Trucking companies that require additional funds for ongoing operations may be able to obtain loans or lines of credit from traditional lending institutions and banks. However, recent economic conditions have led to reduced availability of consumer and business credit throughout the financial marketplace. Banks are unwilling to lend to trucking businesses without excellent credit histories and impeccable financials. These tight credit conditions can leave many smaller trucking companies in an untenable financial situation and can lead to continuing cash flow problems for many trucking companies.

 

Cash flow problems facing many small trucking companies are related to increased business and added clients in the local and regional marketplaces. By taking on new routes and new clients, smaller firms incur added costs for fuel, labor and trucking equipment. These costs typically cannot be recouped until payment is made for services already delivered. Even with optimal dispatching arrangements, small trucking firms can experience serious cash flow shortfalls due to the necessity of providing services prior to payments being made by clients in the trucking industry.

 

We can factor all freight logistic and Trucking industries:

  • TRUCKING HAULAGE-LIVESTOCK
  • TRUCKING HAULAGE-DISPATCH SERVICE
  • TRUCKING HAULAGE LOCAL WITH STORAGE
  • TRUCKING HAULAGE CONSULTANTS
  • TRUCKING HAULAGE MANAGEMENT
  • TRUCKING HAULAGE OIL FIELD
  • TRUCKING HAULAGE-CONTAINERIZED FREIGHT
  • TRUCKING HAULAGE-CONTRACT HAULING
  • TRUCKING HAULAGE-DUMP
  • TRUCKING HAULAGE-OWNER OPERATIONS
  • Trucking-PASSENGER-TOUR BUS
  • Trucking-FREIGHT TRAIN LOAD
  • TRUCKING HAULAGE-COMMODITY
  • TRUCKING HAULAGE-GRAIN
  • TRUCKING HAULAGE-HEAVY HAULING
  • TRUCKING HAULAGE-LIQUID & DRY BULK
  • TRUCKING HAULAGE-LOCAL CARTAGE
  • TRUCKING HAULAGE-MOTOR FREIGHT
  • TRUCKING HAULAGE-OVER DIMENSIONAL LOAD
  • TRUCKING HAULAGE-REFRIGERATED
  • TRUCKING HAULAGE-SAND & GRAVEL
  • TRUCKING HAULAGE-Trucking BROKERS
  • TRUCKING-AIR FREIGHT
  • TRUCKING-INTERMODAL DRAYAGE


 

At 1st Commercial Credit, we have account representatives specializing in trucking and transportation businesses. Whether your trucking company is running dry vans, reefers, or flatbeds, you must be successful at managing these challenges:

  •     Maximizing cash flow
  •     Avoid doing business with slow paying account
  •     Minimizing uncollectible accounts


These challenges are our primary focus. In addition to factoring your freight bills within 24 hours, we can provide pre-screening of your new or existing freight brokers or shipper accounts, collect your receivables, and provide you with easy to understand, real-time, on-line access to all your factoring data.

1st Commercial Credit is a freight factoring company that offers receivable financing for the transportation industry. Services may include but are not limited to trucking, air freight, local delivery and freight brokers in the USA, Canada and the United Kingdom.

Also see related page at Invoice Funding for Trucking Companies

 


United States:
Accounts Receivable Financing and Factoring provided in:       Start Today


 

 


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