Most carriers and logistics providers need to haul for creditworthy commercial customers, have verifiable invoices for completed work, and meet basic revenue and time-in-business thresholds. Ownership of at least 51% and the ability to provide bank statements, IDs, and sample rate confirmations or contracts will help streamline approval.
Our factoring options are designed to support both trucking and broader logistics operations. You can factor a few invoices or your entire receivables portfolio, with advances typically based on a percentage of the invoice value. As your freight volume grows, your available funding can increase as well, giving you the flexibility to add trucks, expand lanes, or take on larger contracts.
Unlike traditional bank loans, invoice factoring for logistics business decisions are based on the creditworthiness of your customers, not just your personal credit. That means newer carriers and growing logistics companies often qualify even if they’ve been turned down elsewhere. With guaranteed trucking factoring services structures such as non-recourse programs, you can also gain added protection against certain customer non-payments, depending on your plan.