Types of Freight Factoring

A correctly-designed factoring plan can provide explosive cash flow growth and reduce the amount of time you need to perform unproductive tasks like billing and collections. 

Startup trucking businesses and growing fleets love the financial and operational flexibility that factoring provides.  Cashway Funding specializes in offering the widest and best selection of freight factoring accounts for your trucking business. 

Non-recourse factoring

Non-recourse freight bill factoring is an ideal option for owner-operators and startup companies.

  • 100% credit protection against customers who become insolvent or go out of business
  • No additional charges, fees or penalties if your customers take longer to pay invoices

Recourse factoring

Recourse freight factoring offers lower factoring fees in exchange for you sharing the payment risk.

  • Lower factoring fees when your customers pay invoices more quickly
  • If your customer does not pay an invoice, you will be responsible for the balance

Flat-rate factoring

Flat rate factoring plans are best if  your customers have unpredictable payment terms.

  • Easiest and most straightforward method of freight factoring
  • Fees do not change. You pay the same percentage rate for every invoice you factor.

Variable-rate factoring

Fees are determined on an invoice-by-invoice basis, based on the number of days to pay.

  • When your customer pays more quickly, your factoring fee is lower
  • Save up to 35% or more compared to flat-rate factoring rates

Custom freight factoring programs are available

As your business grows and changes, customize your freight bill factoring program to meet your evolving needs. We are experts at creating freight factoring solutions to match every business situation.

  • Combine features and elements of different plans to suit your individual and/or situational business objectives
  • Switch and upgrade your factoring account for free at any time.  No obligation or advance notice is required
Custom factoring plans and types of factoring are available at Cashway Funding

Making same-day business funding available for everyone

Cashway Funding- The Factoring Company for Trucking

At Cashway Funding, we believe in small business. Our mission is to create opportunity for trucking businesses by providing straightforward funding solutions that are fast, affordable and easy-to-use. 

Cashway provides same-day funding for your freight bills. As a Cashway client, you can upload, email, or fax your delivery paperwork to us by 3pm Eastern time, Monday-Friday for immediate payment at no extra charge.

It is free to create a Cashway factoring account and you only pay for what you use. Sign up with no term contract, no minimum volume requirement and no credit check. You can cancel your factoring account at any time without notice.

Factoring account managers in our Atlanta factoring office are available to assist you Monday through Friday.  Call us today at (888) 752-1443, Extension 1 and discover how factoring freight bills with Cashway Funding can help you enjoy the benefits of owning a profitable and successful transportation business!

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Take the next step toward a better business