Trucking & Freight Factoring FAQs
What is freight factoring for trucking companies?
Freight factoring is a process where you sell your open freight bills to us at a slight discount. In exchange, we give you the cash immediately so you do not have to wait 30 to 90 days for brokers or shippers to pay you.
How fast can my trucking fleet get funded?
We know the trucking industry moves fast. Once you are approved and submit your bills of lading and rate confirmations, we can wire funds directly to your business bank account within 24 hours.
Do you offer fuel advances?
Yes, we provide fuel advances. You can get a portion of your load’s value advanced to you as soon as you pick up the freight, giving you the cash you need to pay for fuel right away.
Will factoring put my trucking business in debt?
No. Freight factoring is not a loan. You are simply getting an advance on money you have already earned. It does not add any debt to your balance sheet.
Federal Contractor Financing FAQs
What is mobilization capital for federal contractors?
Mobilization capital provides the upfront cash you need to start a newly awarded government contract. This covers initial expenses like hiring crews, buying materials, and setting up the job site before your first government payment arrives.
Does my credit score determine my approval?
Your personal credit score is not the main factor. We look heavily at the creditworthiness of the federal government agency paying your invoices and the overall strength of your awarded contract.
How does invoice factoring work with government contracts?
Once you complete a phase of your contract and the government approves your invoice, we advance you the cash for that invoice immediately. You get paid right away while we wait for the government payment cycle to finish.
Can you fund subcontractors as well as prime contractors?
Yes, we provide financing solutions for both prime contractors working directly with the government and subcontractors working under a prime contractor.
Staffing Agency Payroll Funding FAQs
How does payroll funding help my staffing agency?
It bridges the gap between your workers’ payday and the day your clients pay your invoices. We advance you the cash tied up in your unpaid invoices so you can easily cover your weekly payroll without running out of money.
What happens if my client takes 60 days to pay?
That is exactly what we are here for. We give you the cash upfront. Your client will pay us directly when their 30, 60, or 90 day term is up. You never have to worry about the delay.
Do I need to fund all of my clients' invoices with you?
No, we offer flexible funding. You can choose which clients or invoices you want to factor based on your cash flow needs for that specific week.
Can a brand new staffing agency qualify?
Yes. Because our funding is based on the credit quality of your clients and your verified timesheets, startups and new staffing agencies can easily qualify for payroll funding.
B2B Asset-Based Capital FAQs
What is asset-based capital?
Asset-based capital is a flexible line of credit or cash advance secured by your business assets. This usually includes your accounts receivable (unpaid invoices), inventory, or heavy equipment.
How is this different from a traditional bank loan?
Traditional banks focus heavily on your credit history and years in business, and they can take months to approve a loan. We focus on the actual value of your assets and can approve and fund you in as little as 48 hours.
How much working capital can my B2B company access?
The amount grows as your business grows. Your credit line is directly tied to your eligible assets. If you take on more orders and generate more invoices, your available funding increases automatically.
What types of B2B companies do you work with?
We work with a wide variety of business-to-business enterprises, including manufacturers, wholesale distributors, logistics companies, and commercial service providers.