Freight factoring allows trucking companies to turn unpaid invoices into same-day cash. It’s not a loan — it’s a smart way to get paid faster. This service helps maintain cash flow and keeps operations running smoothly.
Truck factoring in California involves selling your freight bills to a factoring company, like FactorTek, in exchange for a cash advance. This process provides quick funding to help manage your business's financial needs more efficiently.
With non-recourse factoring, there is minimal risk to the client, as the factoring company assumes the risk of non-payment. This ensures peace of mind and financial stability for your business.
Once approved, you can receive funds within 12-24 hours, providing you with the working capital needed to continue your operations without delay.