Invoice Factoring For Transportation
Trucking companies, couriers, freight brokers, and other transportation companies all face a similar challenge. They each pay their employees weekly, but their clients are billed at Net 30, 45, or 60. That means many of these businesses, especially startups or small to midsize companies, face an ongoing challenge to finance their day to day expenses. Power Funding has the solution you’ve been looking for.
We offer same-day payments for your outstanding accounts receivable invoices. Rather than waiting for slow-paying clients to cover their bills, turn in your monthly invoices to Power Funding and receive up to 98% of your total receivables within 24 hours.
Invoice Factoring Is Simple
Trucking and transportation companies enjoy the convenience of our fast application process, fuel advances, same-day payouts, and much more. The process is much simpler and faster than applying for a loan from the bank.
Best of all, transportation factoring is not a loan, so no debt is incurred. Instead, it’s an advance payment you earn by selling your accounts receivables to Power Funding.
Here’s how the process works:
1. Fill Out A Simple Application
At Power Funding, we offer simple, low bar credit applications to our clients. We can sometimes even work with companies that have filed for bankruptcy.
2. Get Approved This Week
Our applications go directly to our underwriting department, rather than a board of directors. This drastically speeds up the process, allowing us to approve most customers within 2-5 business days.
3. Get Paid Today
Upon approval, you can immediately turn in your outstanding invoices and receive your first payday within 24 hours. We require no minimum monthly amounts and a maximum of $10 million. So you can apply for as much or as little financing as you need each month.
What Transportation Companies Does Power Funding Serve?
We work with transportation companies from every sector and industry, including:
- Auto Transport Companies
- Couriers
- Distribution Companies
- Dump Truck Services
- Freight Brokers
- General Freight
- Hot Shot Trucking
- Local Carriers
- Oil & Gas Transportation Companies
- Over The Road (OTR) Trucking
- Shipping Companies
- Small to Mid-Sized Fleets
- Startup Trucking Companies
Why Work With Power Funding?
Power Funding offers some of the highest payment advancements in the factoring industry. You can access up to 98% of your total invoice amount today. The rest will be paid upon final receipt of payment from your clients.
Another valuable benefit we offer transportation companies is that Power Funding becomes your credit arm. We take over collections, handle payment processing, and manage other logistics concerning your accounts receivables, so you don’t have to.
Request A Quote
If you need ongoing financing, Power Funding is here to help. With no monthly minimums, no debt, and no interest rates, we will come alongside your trucking or transportation company to provide the best quality service available and the highest possible payouts. Give us a call today to request a free quote and start getting paid this week!
