Freight Factoring – Low Fees, High Advances

Comparing the top freight factoring companies to expedite cash flow and grow your trucking business? Look no further!

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Freight Factoring Rates From 1% – Advance Rates Up to 98%

Low freight factoring rates and high advances are just two of the reasons to consider DB Squared among the top freight factoring companies you could choose to do business with. Here are some of the other features of our freight factoring program:

  • Free same day funding on factored freight bills
  • No long term contracts
  • No factoring minimums – factor only when you choose to
  • Free online credit checks on your customers
  • Online account access
  • Non-recourse freight factoring reduces your financial risk
  • No hidden fees – no application, proposal or notification fees – the factoring fee is your all-in cost!

Trucking companies that factor freight bills with DB Squared also qualify for free enrollment in our EFS Fleet Fuel Card program and TruckersB2B. TruckersB2B provides at the pump fuel discounts and dozens of trucking industry savings on everything from tires and oil to business services and insurance. Using EFS Fleet Fuel Cards allows you to fund drivers on the road, instantly, day or night, control costs and improve business operations.

Request a no cost, no obligation freight factoring quote and receive an answer in as little as 24 hours. Upon approval, receive initial funding for factored invoices in as little as 1 business day. No long term contract required, free same day funding of factored freight bills available – and you are welcome to factor as many or as few invoices as you wish when you choose to work with us.

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Benefits of Factoring Freight Bills

Factoring is a means of gaining access to working capital your trucking business has already earned and invoiced – so you can use the financing for a wide variety of purposes, such as:

  • Improving cash flow
  • Adding trucks, trailers and drivers to your fleet
  • Financing equipment and repairs
  • Taking on larger accounts
  • Hauling more loads at the same time
  • Marketing and advertising
  • Gaining competitive advantages, like offering more flexible payment options to your own customers
  • Meeting payroll and operational expenses
  • Negotiating early-pay discounts

You can use our freight factoring calculator to determine how much working capital you can expedite when you factor freight bills with DB Squared.

Freight Factoring Calculator

Use our freight factoring calculator to find out how much working capital you will unlock when you can access the money in unpaid customers invoices, by factoring them with DB Squared.

Opportunity Cost Calculator

Use our invoice factoring calculator to determine whether factoring receivables could expedite cash flow in your business.

  • Your Current Total Accounts Receivable
    $1,000 $5,000,000+
    $0
  • Your Average Customer Invoice Amount
    $0 $250,000+
    $0
  • Advance Rate for Factored Invoices (Advances usually range from 85-98%)
    85% 98%
    0%
  • Factoring Fee (Factoring fee usually ranges from 1-5%)
    1% 5%
    0.50%

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  • Expedite working capital tied up in customer invoices, without waiting for customers to pay Working Capital Unlocked $0
  • Average Factoring Fee $0

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What Do Freight Factoring Companies Do?

Freight factoring companies factor outstanding accounts receivable invoices from freight and trucking companies. As a freight factoring company, we will advance up to 98% of the face value of an invoice to the trucking company immediately and return the reserve amount (less our freight factoring fee) once the customer has paid the invoice in full. Our freight factoring fee usually ranges from 1-5%.

Here’s how the freight factoring process works with DB Squared:

  1. A transportation company fulfills a customer shipping order and an accounts receivable invoice is generated
  2. We factor the invoice and immediately forward up to 98% of the invoice amount to the trucking company and hold the rest in reserve
  3. After the customer pays the invoice amount, the reserve is also returned to the transportation company (less factoring fee)

Find out whether this might be an appropriate financing tool for your trucking business by contacting us at 866-855-3640 or by requesting a free, no-obligation factoring proposal.

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Request a Free, No-Obligation Quote for Freight Factoring

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What is Freight Factoring?

Freight factoring improves cash flow by freeing up the working capital that would otherwise be tied up in unpaid customer invoices.

Your trucking operation may benefit from freight factoring if:

  • You often find yourself waiting for customers to make payment on invoices
  • Waiting for customers to pay makes it difficult for your trucking company to take on new orders or fulfill larger trucking contracts
  • Your trucking company does not always have adequate cash flow on hand to meet operational expenses
  • Your trucking business needs access to working capital in order to grow, replace equipment or expand

Ready to apply?  Contact us at 866-855-3640 to apply over the phone or complete our 1-page application online.

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