Freight Factoring for Trucking Companies
Trucking Rates at .69% to 1.59%
Click Here for a QuoteNo Financials Needed • No Setup Fees • Images Accepted
We Offer 3 Primary Types of Trucking Financing
Small Fleets
(10k Monthly Volume)
3.5% Flat Rate
Full Advance for Small Fleets
No Up Front Fee to Set Up
No need to over-night mail
Free credit checks online
10k monthly minimums
Set up in 3 days
Same Day Funding
Mid to Large Fleets
(50k Monthly Minimum)
0.69% - 1.59% Rate
Custom Rates Available for Large Fleets
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
(100k Monthly Minimum)
1.5% - 3.0% Rate
Custom Rates for Brokers
Online Schedule Payments
Free Credit Checks
ACH or Wires to Carriers
Instant Credit Increases
Set up in 3 days
No Start Ups
Industries We Fund
- Reefer
- Heavy Haul
- Freight Brokers
- Oilfield Services
- Auto Transporters
- Long Haul
- Intermodal
- Couriers
Request a Call back
24/7Receivable Financing Rates
Starting At 0.69% - 1.59% Or Prime +2% & Admin Fee
- Quick Approval Process!
- No Financials up to $350k
- Easy Set-Up in 3 to 5 Days
- Over 15 years in business
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.
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.
- 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.
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 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:
- Livestock
- Dispatch Service
- Trucking Haulage Local With Storage
- Trucking Haulage Consultants
- Trucking Haulage Management
- Trucking Haulage Oil Field
- Containerized Freight
- Contract Hauling
- Dump
- Owner Operations
- Trucking-passenger-tour Bus
- Trucking-freight Train Load
- Commodity
- Grain
- Heavy Hauling
- Liquid & Dry Bulk
- Local Cartage
- Motor Freight
- Over Dimensional Load
- Refrigerated
- Sand & Gravel
- Trucking Brokers
- Trucking-air Freight
- Trucking-intermodal Drayage
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
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
Request a Call back
24/7Receivable Financing Rates
Starting At 0.69% - 1.59% Or Prime +2% & Admin Fee
- Quick Approval Process!
- No Financials up to $350k
- Easy Set-Up in 3 to 5 Days
- Over 15 years in business