TRANSPORTATION FACTORING

Factoring fees as Low as 1% + Competitive Advances up to 98%

Speed up cash flow with transportation factoring programs that have low fees and high advances.

 

Fees from 1% - Advances up to 98%

Trucking, transportation, and logistics businesses can get immediate access to the money they have earned by factoring invoices instead of waiting on customer payments.

Unlock the working capital tied up in trucking business invoices using transportation factoring. Take on new business more quickly and reduce time lost waiting on customer payments.

We can help you find transportation factoring programs that can be tailored to your preferences and the needs of your organization, including programs with:

  • factoring fees as low as 1%

  • advances as high as 98%

  • low and no-hold backs (or reserves)

  • free funding, same and next-day funding

  • no minimums or long term contracts

Take the next step and reach out for a free, no-risk quote.

 

How the Transportation Factoring Process Works

Apply

Apply and get approved to factor invoices with a program tailored to your business.

Factor Invoices

Submit receivables and get paid within 1-2 business days (or even faster!)

Get Working Capital

Get the money your business needs to make payroll, meet expenses, and reinvest in your business more quickly.

Speed Up Cash Flow

Factor receivables on a regular, occasional, or a one-time basis - when it is in the best interest of your business!

Benefits of Transportation Factoring

Expedited cash flow!

Waiting on payments from slow-paying customers can bring your trucking company to a slow crawl, or even stall growth. Transportation factoring alleviates slow cash flow, giving access to the money needed to meet payroll and operating expenses, and to take on new business more quickly. In addition, leveraging receivables can enable your trucking business to:

  • Take advantage of (or negotiate) cash or quick-pay discounts with your vendors and suppliers

  • Meet payroll and operating expenses more easily

  • Take on new customers, larger accounts or bigger orders

  • Invest in capital equipment, facilities, marketing and advertising, repairs, etc.

  • Minimize financial risk from bad debt with non-recourse factoring

  • Extend generous payment terms as a competitive advantage

  • Reduce time spent on receivables, including time lost chasing customer payments

  • Minimize negative impacts of slow-paying customers

Why choose Wave Crest Financial?

One of the biggest reasons to choose Wave Crest Financial for invoice factoring is that we see each customer’s business as unique. Instead of forcing you into a specific transportation factoring program, we have several options we can refer so that you can get a transportation factoring agreement tailored to your business needs and preferences.

Transportation factoring clients can expect to find programs offered with:

  • Low factoring rates - fees may be as low as 1%

  • Same and next day funding

  • Competitive advances up to 95%

  • No hidden fees

  • No minimums - factor when you choose!

  • No long term contract requirements

Reach out for a free, no-obligation quote for invoice factoring. Get answers in 24-48 hours (or even less) and start factoring receivables as soon as you are approved.