How Factoring Works
With a Cashway Funding factoring account you never have to worry about how long your customers take to pay. Cashway provides same-day cash for your freight bills, with professional back office support, credit protection and friendly service.
Send Cashway your freight bills by email, web upload or fax and collect your money today.
Successful trucking companies use Cashway every day to get paid for the loads they haul. Our factoring programs are affordable, straightforward and easy-to-use. Simplicity, convenience and friendly professional service are among the many benefits of factoring freight bills with us.
Freight bill factoring for trucking businesses is our specialty. We know how to eliminate the headaches that can get in the way of your success. Trucking business owners love our personal service, our positive attitude and our fresh new approach to transportation finance.
HOW FACTORING WORKS WITH CASHWAY
Step 1: Deliver as usual
One of the most important features of how factoring works with Cashway is that you do not need to change the way you do business to factor your invoices with us. You can find loads any way you like and we do not force you to work with anyone you don’t want to.
If you are finding your own loads or if you are using an independent dispatch service and you want to pre-qualify the brokers and shippers you do business with, you can search our exclusive & private confidential database of thousands of popular brokers and shippers for free. Search for new customers by MC number, company name or by geographic radius search.
Cashway will purchase the freight bills of all companies with approved credit status. If a company is not listed as approved,contact us and we will perform additional credit research and attempt to approve the company for factoring at no additional charge to you. Companies may be listed as denied for factoring in our database if they do not meet our credit standards due to having a history of paying freight bills in up to 90 days or more, having a history of claims,delinquency or legal issues, having a high risk of insolvency/bankruptcy, or for other reasons we will will be happy to discuss with you in detail on a case-by-case basis.
Cashway will not stop you from doing business with any company. We are not a credit reporting agency, but we will not factor freight bills for companies who are not listed as approved. We recommend that you consider collecting cash-on-delivery for any loads you decide to haul for companies with denied factoring status.
Step 2: Send us the bills
When you deliver a load, simply send Cashway proof of delivery to receive an immediate payment. Send as many loads at a time as you want! Drivers may send in their paperwork as soon as they deliver or you can save up multiple shipments and send them all at once for weekly or bi-weekly payroll; whatever works best for you and your business.
Include the rate confirmation and proof of delivery for each load you want to factor, along with a simple Cashway Funding Sheet that we provide for you to use as a cover sheet. You do not need to prepare or submit invoices with your paperwork. Cashway will prepare all of the invoices for you and we will submit them to your customers with your delivery paperwork as part of our factoring service.
Send us the paperwork any way you want; fax, email, web upload, smartphone scanning app, or by drop-off at our Atlanta, GA factoring office. There are no additional fees or charges for any sending method. Freight bills received by 3pm Atlanta time will be processed for same-day funding.
Speed and consistency are important features of how factoring works with Cashway. If there are ever any questions about your factoring paperwork you can depend on our friendly account managers to get in touch with you quickly to resolve any issues. Our team of experts will work with you continuously to ensure that your payments will always arrive on time as promised.
Step 3: Get paid today
Cashway provides same-day funding when your freight bills arrive before 3pm Atlanta time and are processed at our office. The money we send you when you factor freight bills is not a loan and there is nothing to pay back (subject to any terms in your factoring agreement). You are free and clear.
You can choose to receive funding by ACH direct deposit, wire transfer to your business checking account, Comdata fuel card(s), Comchek Express Code(s), Cashway Juice Prepaid Mastercard®, traditional bank check(s) and more. We can split your factoring settlements between multiple funding methods for you when you want us to and you are free to use different funding methods any time you factor freight bills.
When your invoices have been processed, payment has been sent and your factoring settlement is complete, we will email you confirmation so you will always know that your invoices have been paid and money is on the way.
With Cashway you are free to factor as much or as little as you want and you are guaranteed to receive our very best and fastest one-on-one service 100% of the time, no matter the size or volume of your trucking business.
Accurate, Consistent & Dependable
We believe that transparency helps you make better business decisions. That's why we include extra features with your account at no additional charge
Not all factoring companies are the same!
Other factoring companies won't give you all the details about how factoring works with them until after you have signed a legally binding fixed-term factoring contract or revolving credit facility.
Cashway is 100% straightforward and fully transparent with you in all of our dealings and we guarantee that you will always know where you stand with us at all times.
Discover the difference
See for yourself why Cashway is the smarter way to accelerate your cash flow and grow your trucking business
Low factoring rates?
Create account with no term contract?
Free expert service?
Premium funding methods?
Dedicated factoring company with no conflict of interest?
Cancel anytime without notice?
Switch factoring plans for free?
No personal credit check or customer lists needed?
Pay-as-you-go with no minimum volume required?
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 Juice Prepaid Mastercard 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!
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Transportation Division of Eagle Business Credit LLC
ATLANTA, GA FACTORING HEADQUARTERS
615 Molly LN, Suite 130
Woodstock, GA 30189
Phone 678-369-8527 Fax 877-779-3621