Freight Factoring Solutions
Don’t let cash flow limit your trucking company. Factoring with altLINE accelerates your business with quick and pain-free funding that keeps you on the road and your business moving forward.
Benefits of Freight Factoring for
Trucking Companies
Qualifying for most traditional financing solutions requires strong business credit, which many owner-operators and fleet owners do not have. However, altLINE focuses on your debtors’ credit more than your own, meaning you can qualify for freight factoring easier than traditional options.
GROW YOUR AGENCY
Take on new contracts, bring on more staff, and grow your company.
BOOST WORKING CAPITAL
Increase working capital with a funding solution that grows with you.
get BACK OFFICE support
Our team will credit check your customers and aid in invoice collection.
access funds quickly
Once you’re set up in our system, you can receive funding in less than 24 hours.
enjoy fLEXIBLE financing
Our freight experts can create a tailored funding solution for your trucking business.
An FDIC-Insured Bank
Factoring With altLINE Is Differrent
Factoring with altLINE has its benefits. Because altLINE is both a factoring company and an FDIC insured bank, we provide more transparency and lower rates than independent freight factoring companies.
With more than 88 years of experience serving customers, we provide you with the best client experience, assigning you a dedicated account manager to handle all of your factoring needs. When working with altLINE, you can rest assured knowing that your account manager is just a call, email, or text away.
Access Cash When You Need It Most
Waiting for payment after you’ve delivered a load is frustrating and can disrupt your cash flow. At atLINE, we offer freight factoring to help you unlock working capital when you need it.
Instead of waiting on shippers and brokers to pay their outstanding invoices, you can factor your invoices to get paid more quickly, helping you fill up your tank, maintain your fleet, and take on more loads.
- Cash advances up to 100% of invoice value
- Factoring rates as low as 0.90%
- Same day funding
- Short-term contracts
- No application fees
- Fast approval
- Dedicated account manager
Factoring Made Simple
Factoring your freight bills doesn’t have to be difficult. With a dedicated account manager for each client, our factoring process is straightforward and easy, allowing you to spend more energy running your business and less time stressing over cash flow.
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.
Why Work with altLINE?
Discover What Makes altLINE Unique
FDIC-Regulated
Lender
As a bank factoring provider, we are federally regulated, meaning you will receive a more secure and transparent customer experience.
TransparentRates
With a direct source of funds through our bank, altLINE can offer lower rates and no hidden fees, helping you factor more confidently.
WORK WITH A Dedicated Account
Manager
You will receive a dedicated account manager who will help you manage your back office tasks, including creating invoices and collecting payments.
Smooth Customer
Onboarding
With a dedicated onboarding specialist, we make it easy for both you and your customers to transition into the new factoring process.
Complimentary
Customer Vetting
Our team of experts will perform credit checks on your brokers and shippers, so you can more confidently work with new clients.
Same Day Funding
Available
Have a tight turnaround and need funding quickly? We have same day funding options that allow you to stress less when you need to get back on the road.
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.
types of carriers
Who Do We Help?
altLINE works with a variety of carriers, including:
- OTR truckers
- Owner-operators
- Tankers
- Flatbed trucking services
- Heavy haul truckers
- Cold chain & refrigerated transportation companies
- Intermodal services
- Box trucks
- Sprinter van operators
- Courier services
- Grain haulers
See Why We're a Top Rated Provider
Explore More
Freight Factoring Resources
A Guide to Freight Factoring
Freight factoring is a type of invoice factoring specific to the transportation industry. In this article, learn more about how freight factoring works, the pros and cons of this type of financing, and how to get started.
Pros and Cons of Freight Factoring
For many carriers, one of the biggest challenges is figuring out how to finance their business. This is where freight factoring – also known as invoice factoring – can offer a major advantage for trucking companies.
Rather Talk on the Phone?
Call Us at 205-590-9471
