Freight Factoring 101: What Every Trucker Needs to Know

What is Freight Factoring?

If you’re a trucker, you know the struggle of waiting 30, 60, or even 90 days for brokers and shippers to pay you. Meanwhile, your fuel, maintenance, and expenses don’t wait.

That’s where freight factoring comes in. Instead of waiting for payment, a factoring company pays you same-day or next-day for your invoices. This keeps your cash flow steady, so you can keep rolling without financial stress.

How Does Freight Factoring Work?

1️⃣ You Haul a Load & Deliver It 🚛

2️⃣ You Submit the Invoice to the Factoring Company 📄

3️⃣ We Verify the Broker & Pay You Right Away 💵

4️⃣ We Collect Payment from the Broker Later 🏦

🚀 Result: You get paid today instead of waiting weeks or months.

Why Do Truckers Use Freight Factoring?

🔹 No More Waiting on Brokers – Get paid as soon as you deliver.

🔹 Covers Fuel, Repairs & Expenses – Keep your truck moving.

🔹 Avoids Taking on Debt – It’s NOT a loan—you’re just getting your money faster.

🔹 Gives You More Opportunities – Take on more loads without worrying about cash flow.

Factoring = More Cash, More Loads, More Freedom.

💡 Factoring Myths (Busted!)

❌ "Factoring is a Loan" – Nope! It’s your money, paid to you faster.

❌ "It’s Too Expensive" – The small fee is worth it when it keeps you on the road.

❌ "I Should Just Wait for My Broker to Pay" – That wait can cost you fuel, repairs, and lost loads while you sit unpaid.

🔍 How to Choose the Right Factoring Company

🚛 Not all factoring companies are the same. Here’s what to look for:

✅ Same-Day or Next-Day Funding – Don’t settle for delays.

✅ No Long-Term Contracts – Stay in control of your cash flow.

✅ No Hidden Fees – Make sure it’s transparent.

✅ Customer Service that Actually Answers – Avoid call center nightmares.

At Wallace Factoring, we pick up the phone, get you paid fast, and keep it simple.

💬 Ready to Stop Waiting & Start Getting Paid?

💰 Apply today and get paid for your next load same-day.

📞 Have questions? Give us a call—yes, a real person will answer!

👉 Click here to apply now!