Types of Freight Bill Factoring


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Cashway specializes in offering the widest and best selection of freight bill factoring for your trucking business. 

Startup trucking businesses and growing fleets love the financial and operational flexibility that factoring provides. A correctly-designed factoring plan can limit your risk exposure, boost cash flow and reduce the amount of time you need to perform unproductive tasks like billing and collections. 

  COMMON TYPES OF FREIGHT BILL FACTORING

Non-Recourse Factoring

Non-recourse freight bill factoring has become a very popular option for trucking companies over the past 10-15 years.  It is a great option for owner-operators and startup companies.  

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    Enjoy 100% credit protection against customers who become insolvent or go out of business
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    There are no additional charges or fees if invoices take longer to pay

Recourse Factoring

Factoring freight bills with a recourse program is a more traditional form of accounts receivable financing that often works best with established businesses and mid-to-large sized operations.

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    You can access additional credit by sharing the payment risk on some invoices with the factoring company
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    Larger credit approvals on some types of brokers and shippers may be available

Flat-Rate Factoring

A flat-rate freight bill factoring program can give you the peace of mind knowing that you pay the same factoring fee on every invoice, no matter how long your customers take to remit payment.

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    Your flat-rate factoring fee does not change if your customers take longer to pay
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    Simplest method for bookkeeping and accounting. No need to manage collections

Variable-Rate Factoring

With a variable rate factoring plan, the percentage rate you are charged depends on the length of time your customer takes to pay the invoices you factor. When your customers pay faster, you pay less.

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    Great way to save:  The factoring rates you pay can be up to 35% less than flat-rate factoring
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    When your customers pay invoices more quickly, your factoring fees are lower

More types of freight bill factoring are available

Cashway can customize the types of freight bill factoring programs we offer to meet the changing needs of your business. We are experts at creating ideal financial solutions for almost any business situation.

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    Combine features and elements of various factoring plans to suit your personal needs and business objectives
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    Switch or upgrade your factoring plan for free at any time. No obligation or advance notice required
Custom factoring plans and types of freight bill factoring are available at Cashway Funding

Factoring with the freight bill funding experts

Cashway specializes in all types of freight bill factoring for trucking business.  We are here to help you unlock the cash flow and potential in your business. 

Same-day business funding is available for new clients

At Cashway, we believe in small business. We are here to create opportunity for your trucking business by providing straightforward funding solutions and support services that make your life easier.

You can create a Cashway factoring account for free and factor freight bills any time you want to receive same-day funding for your trucking receivables.   As part of your factoring account we offer funding by ACH direct deposit, wire transfer to your business checking bank account, by Comdata fuel card or Comchek Express Code, traditional bank check, Cashway prepaid Visa debit card and more.

Cashway will handle all of the freight bill invoicing and collections for you, plus we provide 24/7 online account management, factoring transaction reports, fuel card reporting, broker and shipper credit checks, web upload service and online support... all for free with your Cashway factoring account.

There is no term contract, no minumum volume requirement, no credit check and no obligation required to factor freight bills with Cashway. You can cancel your factoring account at any time without notice.

Friendly account managers based in our Atlanta factoring office are available to assist you from 9:00 AM to 6:00 PM (EST) Monday through Friday.  Call us today at (888) 752-1443 and ask for Extension 1 to discover how factoring freight bills with Cashway Funding can help you enjoy the benefits of owning a profitable and successful transportation business!

Cashway Funding is a Better Business Bureau Accredited Business with an A+ Rating
Cashway Funding, member in good standing of the International Factoring Association

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We understand that your life is busy. That's why we make our products fast and easy-to-use.

Create a factoring account and choose from multiple types of freight bill factoring with Cashway

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Cashway Funding- The Factoring Company for Trucking

CASHWAY FUNDING

Transportation Division of Eagle Business Credit LLC


ATLANTA, GA FACTORING HEADQUARTERS

615 Molly LN, Suite 130

Woodstock, GA 30189

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1-888-752-1443

 Phone  678-369-8527    Fax  877-779-3621

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