Freight Factoring

Freight factoring is a financing solution designed for transportation companies, allowing them to access quick cash by selling their outstanding freight invoices at a discount to a factoring company. This helps businesses maintain smooth operations, cover expenses, and manage cash flow more effectively while eliminating the burden of waiting for customer payments.

Freight Factoring is a valuable financial tool for transportation companies, offering immediate cash flow relief, credit risk management, and the flexibility needed to navigate the industry’s unique cash flow challenges. It empowers businesses to stay competitive, expand their operations, and ensure timely payments to drivers and service providers, ultimately contributing to their growth and success in the logistics sector.

Benefits Of Freight Factoring

Cash Flow Acceleration: rapidly converting accounts receivable into cash by selling them at a discount, providing immediate liquidity to businesses while mitigating the impact of slow-paying customers.
Flexible Financing: Freight factoring offers a flexible financial solution, allowing transportation companies to factor as many or as few invoices as needed.
Credit Risk Mitigation: Factoring companies often assume responsibility for credit risk assessment and collections, reducing the transportation company’s burden of monitoring customer creditworthiness and chasing down late payments.
Working Capital Management: Freight factoring optimizes working capital management by ensuring that funds are available when needed. This empowers transportation companies to expand their fleets, take on more shipments, or invest in growth opportunities without being hindered by cash flow constraints
Streamlined Operations: With cash flow stabilized and the hassle of collections outsourced to the factoring company, transportation businesses can focus on their core operations, provide better service, and seize market opportunities.
Cost-Effective: While freight factoring comes with a cost, it can be a cost-effective alternative to traditional loans or lines of credit, especially for businesses that struggle to secure traditional financing due to credit constraints.

Already With a Factoring Company?

If you’re currently facing cash flow challenges or dissatisfaction with your existing factoring com-pany, it might be the perfect time to consider a switch. We offer faster funding, lower fees, and superior customer service. Our team is ready to support you throughout the transition, making it as easy and hassle-free as possible. Make the switch today and experience the difference with Monumental Capital. Your success is our priority.

Bonus Features

Line of Credit
Fuel Card Savings
Equipment Financing
Free Load Board Access
Credit Check Services
Risk Mitigation
Quick Pay
Rate Discounts With Increase In Volume
Dispatch Software
100% Advance Rate