Cash advances up to 100% of invoice value
Benefits of Freight Factoring
Grow Your Trucking Company
Take on new contracts, bring on more staff, and grow your company.
Boost Working Capital
Increase cash flow with a funding solution that grows with you.
Get Back Office Support
Our team will credit check your customers and aid in invoice collection.
Receive Same Day Funding
Once you’re set up in our system, you can receive funding in less than 24 hours.
Access Flexible Funding
Our industry experts can create a tailored payroll funding solution for your business.
Freight Factoring With altLINE Is Different – We’re a Bank
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.
Factoring rates as low as 0.90%
Same day funding
Short-term contracts
No application fees
Fast approval
Dedicated account manager
Get a Quote in Minutes
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.
Why Work with altLINE?
See How altLINE Helped a Client Grow 1000% by Resolving Cash Flow Issues
Prior to working with altLINE, this client experienced consistent cash flow issues, even after becoming a $1 million company in 2016. To accelerate growth and improve their accounts receivable process, they turned to altLINE.
Who Do We Help?
altLINE works with a variety of carriers, including:
- OTR truckers
- Owner-operators
- Cold chain transportation companies
- Flatbed trucking services
- Refrigerated freight services
- Intermodal services
- Heavy haul truckers
- Box trucks
- Sprinter van operators
- Courier services
- Grain haulers
- Tankers
See Why We’re a Top Rated Provider
More Information About 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.
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.
