Access Cash with Freight Factoring
Waiting for payment after you’ve delivered a load disrupts your cash flow and makes it harder to keep operations moving. With freight factoring, you can unlock working capital when you need it most.
Instead of waiting weeks for brokers and shippers to pay, you can factor your freight invoices and access cash in as little as 24 hours, helping you cover fuel, maintain your fleet, and take on more loads.
- Cash advances up to 100% of invoice value
- Same day funding
- Short-term contracts
- No application fees
- Fast approval
- Dedicated account manager
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What Is Freight Factoring?
Freight factoring is a financing solution that allows trucking companies to sell unpaid freight invoices in exchange for immediate cash. Instead of waiting 30 to 90 days for brokers or shippers to pay, carriers can access working capital within hours by factoring their invoices.
Freight factoring helps owner-operators, small fleets, and growing trucking companies improve cash flow, cover fuel and payroll expenses, and keep trucks on the road without taking on traditional debt.
How Does Freight Factoring Work?
Freight factoring is a simple process. After you deliver a load, you will submit your paperwork (signed BOL and invoice) and receive an immediate cash advance of up to 100% of the invoice value.
Deliver Your Load
Deliver your load just like you normally would.
Submit Paperwork
You'll send the bill of lading, rate con, and any other paperwork to your account manager. altLINE will generate your invoice and bill your customer for you.
Get Paid
In a matter of hours, altLINE will send your cash advance via wire or ACH. No need to wait for customer payment.
Stop waiting on payments
Turn Unpaid Freight Invoices Into Immediate Cash
Stop waiting 30+ days for payment. Freight factoring gets you the cash you need in a matter of hours, so you can keep driving your business forward.
- Cash Advances Up to 100% of the Invoice Value
- Factoring Rates as Low as 0.90%
- Same-Day Funding
- Fast Approval
- Excellent Customer Service
- Complimentary Shipper & Broker Credit Checks
- No Monthly Minimum Requirements
Freight Factoring Eligibility
Most trucking companies, from brand-new owner-operators to established fleets, can qualify for freight factoring. Unlike many traditional business loans, approval is based primarily on the creditworthiness of your customers rather than your own business credit or time in business.
- Owner-Operators
- Small Trucking Companies
- Growing Fleets
- New Authorities
- Carriers Hauling for Creditworthy Brokers
- Established Fleets
John Smith Trucking LLC
See How altLINE's Support Can Make All the Difference
John Smith Trucking LLC struggled with time-consuming manual invoicing and cash flow issues. The trucking company’s first factoring partner added to the frustration with limited availability, confusing processes, and poor customer service. That’s when the owner-operator came across altLINE’s current freight factoring operations manager, Jennifer Fink.
Unmatched customer service
Why Trucking Companies Choose altLINE Freight Factoring
Unlike other factoring companies, we don’t just provide financial solutions—we offer personalized support every step of the way.
Our dedicated team goes above and beyond to understand your unique business needs, offering quick and responsive communication whenever you need it. With altLINE, you can more confidently finance your trucking business knowing that your account manager is just a phone call, email, or text away.
See Why We're a Top Rated Provider
Frequently Asked
Freight Factoring FAQs
How much does freight factoring cost?
Freight factoring costs vary based on factors such as your monthly invoice volume, the creditworthiness of your customers, and the terms of your agreement. At altLINE, we do our best to offer the most competitive rates with transparent pricing so you fully understand your costs before getting started. There is also no fee associated with applying for freight factoring.
What do I need to apply for freight factoring?
To get started, you’ll need to submit basic business information, your MC or DOT number, contact information, and information about the customers you haul for so their payment history can be reviewed.
How long does the freight factoring application process take?
Many applications can be reviewed within one business day once we’ve received the required information. If approved, our team will walk you through the onboarding process so you can begin submitting invoices for funding as quickly as possible.
What happens after I submit my factoring application?
After you submit your application, our team will review your information and reach out to discuss the next steps. We’ll answer any questions, gather any additional information if needed, and keep you informed throughout the process. Our goal is to make applying for freight factoring as straightforward and transparent as possible.
Does freight factoring affect my credit score?
Freight factoring can help support your business credit goals by improving cash flow and helping you maintain more consistent payments to vendors, suppliers, and other business partners. While factoring itself does not directly build your credit score in the same way a traditional loan or credit account might, having more predictable cash flow can make it easier to manage your financial obligations. Over time, responsible business management and strong payment history can help strengthen your company’s financial profile.
Will freight factoring affect my relationship with my customers?
Freight factoring shouldn’t negatively impact your customer relationships. Most customers have either worked with a factoring company in the past or are familiar with the concept. At altLINE, we work professionally with your brokers and shippers throughout the payment process, helping maintain the strong relationships you’ve built.
Is freight factoring a loan?
No. Freight factoring is not a loan, as you are not borrowing money or taking on additional debt. Instead, you are selling your unpaid invoices in exchange for immediate working capital.
