An Alkeme Insurance Partner
4.4/5 from 60+ Trustpilot reviews ● FDIC bank-backed
Get paid today, not in 30 days.
Turn your unpaid invoices into working capital with same-day funding and no long-term contracts.
100%
MAX ADVANCE RATE
0.90%
RATES STARTING AT
24 hrs
ACCESS FUNDING IN
- Short-term contracts
- No monthly minimums
- Dedicated back office support
- FDIC-regulated lender
- Free broker credit checks
- Fuel card available
Get your free factoring quote
Takes less than 60 seconds. No paperwork, no obligation.
why carriers choose altLINE
Cash flow, without the runaround.
We factor freight invoices for owner-operators, small fleets, and growing carriers with the backing and stability of a regulated bank.
Advances up to 100%
Get the maximum amount due to you upfront.
Rates from 0.90%
Bank-direct funding means fewer markups passed on to you and transparent pricing from day one.
Same-day funding available
Submit your paperwork and get your advance the same day. No more waiting for a check to arrive.
A real account manager
One dedicated person who knows your business — reachable by phone, email, or text.
Free credit checks
We check every broker and shipper you plan to haul for, at no cost, before you take the load.
Short-term contracts
Our typical contract is 6 months, not the 1 year lock-in that many other factoring companies require.
Invoicing support
Your dedicated account manager will invoice and collect payment on your behalf — no need to spend time on busywork.
No monthly minimums
Factor what makes sense for your business without the risk of hidden fees for not hitting the required amount.
FDIC regulated lender
We're an extension of the Southern Bank Company, an FDIC regulated lender that's been around since 1936.
the process
Three steps. That's it.
Deliver your load
Run your business exactly like you do today. Book it, haul it, deliver it.
Submit paperwork
Send your bill of lading, rate con, and any other paperwork to your account manager. altLINE will generate the invoice and bill your customer for you.
Get Paid, same day
Your cash advance goes out by wire or ACH — often within hours, not weeks.
Ready to stop waiting on brokers to pay?
Fill out the form in less than 60 seconds and connect with an altLINE representative to discuss your quote.
“I used to get home at midnight on Fridays and stay up until 6 a.m. doing invoicing, getting everything ready to send in to my debtors so I could get paid. Now, I don’t have to do anything. All of that work I used to do is gone. I haul the load, it takes me three minutes to forward the rate con and BOL to altLINE, then I’m done. The time and the money factoring saves me is amazing.”
John Smith Trucking LLC ● altLINE customer
Common Questions
Freight factoring FAQs
What is freight factoring?
Freight factoring is a type of alternative financing in which a carrier sells its unpaid invoices to a factoring company at a discount in exchange for a cash advance, allowing trucking business owners to access the cash they are owed in a matter of hours, instead of weeks. The carrier can then use the money to cover expenses like fuel, payroll, and insurance while the factoring company collects the invoice payment on the carrier’s behalf.
How much does freight factoring cost?
Costs vary based on your monthly invoice volume, creditworthiness of your customers, and average invoice aging. altLINE offers competitive, transparent pricing with no fee to apply.
Is freight factoring a loan?
No. You’re selling an invoice that you’ve already earned in exchange for immediate cash. It does not add debt to your balance sheet the way a loan would.
How fast is the approval process?
Most applications are reviewed within 48 hours, though the time to approval can vary based on how long it takes you to submit the required documents. Once the contract is signed, you will be able to submit your first load for funding.
Is there a minimum credit score required?
No. altLINE does not require a minimum credit score to be approved.
Get your free freight factoring quote.
No obligation, no application fee, and no impact to your personal credit.