Invoice Factoring is an easy, alternative way for freight brokers to get paid immediately rather than waiting 30-90 days for their customers to pay. Below, we illustrate how simple it is to turn your invoices into working capital to keep your company operating and growing.
Invoice Factoring for Freight Brokers – How does it work?
1 – You, the freight broker, book a load with a shipper and dispatches a truck. Your customers may take 30, 60, or even 90 days to pay.
2 – Once load is delivered, send load documents to the factoring company.
3 – The factoring company advances 90% of the invoice amount and pays your carrier directly. Advances will be deposited or wired within 24 hours.
4 – The factoring company will collect the amount owed from your clients.
Benefits of Factoring for Freight Borkers
- Free up time
- Avoid debt
- Easy application and no hidden fees
- Grow your company
About Interstate Capital
Interstate Capital has funded over 10,000 companies since 1993, making it one of the oldest and largest factoring companies in the alternative funding market. Interstate purchases nearly $1 billion dollars of invoices annually from hundreds of clients in a wide range of industries throughout North America and each client receives individual attention from a dedicated account manager. Get in touch with us so that you can learn more about the factoring programs designed for printing companies. Let us customize a program for you.
To learn more about invoice factoring for freight brokers, take the next step!