Don’t wait weeks or months for freight bills to be paid. Get your hard-earned cash today with freight factoring services.
We make getting started with freight bill factoring simple. Just provide us with a few basic details and we’ll have a personalized no-obligation quote to you in no time.
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The transportation industry keeps the country running, but all too often, trucking companies are left waiting for payment long after loads are completed. Freight bill factoring, sometimes referred to by other names such as transportation factoring and motor carrier factoring, can provide owner/operators and fleets with cash for unpaid invoices in as little as one day, so you have the cash on hand to keep your wheels on the road.
Freight factoring is simple. You choose which freight bills you want to factor and send them to us. We provide you with payment right away, and then we wait for the payment from your customer. In the meantime, you can apply the cash wherever you need it most. Use it for fuel, buy new tires, cover payroll, take on an extra load, or do whatever you need to do. When you work with freight factoring companies, you can even win more bids by offering your customers extended payment terms with the comfort of knowing you’ll be paid promptly regardless.
Trucking factoring offers four universal benefits.
Transportation factoring companies each work a bit differently. At Charter Capital, we go the extra mile to help your business thrive.
Same-day funding.
Get cash for your unpaid freight bills when you need it most.
No long-term contracts.
You choose when you want to factor and how much you want to factor.
Competitive rates.
Keep more money in your wallet to build a stronger company.
Straightforward fees.
There are no hidden fees, so it’s easy to calculate the benefits.
Service.
Your dedicated account manager will answer all your questions, check the creditworthiness of your customers, and more.
Experience.
We’ve been helping businesses grow and thrive for decades and look forward to helping yours do the same.
End-to-end transportation coverage.
Carriers, brokers, and start-ups are welcome.
Fuel card programs.
Get cash for fuel and save money with an integrated fuel card program.
Payment options.
Get paid by ACH, wire transfer, or fuel card—whatever’s best for you.
Grow stronger.
Never turn down another load because you can’t pay fuel or driver costs.
Flexibility.
Factor all or only some of your invoices—you decide as needed.
Relaxed terms.
Give your customers the terms they want—slow payments are ok.
All credit scores.
With no minimum credit score, anyone can be approved.
100% advances.
Get all your cash immediately—no reserve is necessary.
Free credit reports.
Always know where your customers stand and make informed decisions.
Free collections services.
Free yourself from the burden and expense of chasing invoices.
Instant approval.
Get your factoring quote and terms the day you apply.
No sign-up fees.
Begin factoring and get the cash you need with no out-of-pocket costs.
Simplicity.
Our straightforward application process and onboarding make getting started easy.
Digital invoice processing.
Request and receive payments faster by leveraging the latest tech.
Se Habla Español.
Work with people who speak your language.
- Daniel Anaya
“We started out as a small company and now can proudly say we stand alone financially. We could not have accomplished that feat without the assistance of Charter Capital. They have assisted us in factoring, processing, printing, and shipping our invoices. They also assisted in managing the aging report of those invoices and helped us with our cash-flow. We received nothing short of great service from everyone at Charter Capital. I highly recommend them.”
- Jim Wilson
“We have been using Charter Capital's services almost from the beginning of their company. They have gone out of their way to help us with all our financial needs (factoring). They have made life much simpler for us with our cash flow. The weekly aging reports help us stay on top of our outstanding invoices and to get our customers to pay us in a timely fashion. All in all this is a first rate company with which to do business. Their staff at their office are outstanding as well. Thanks, Guys.”
- Jaclyn Tejeda
“We have been with Charter Capital for many years. It’s been one of the best decisions that we’ve made for our business. We love the staff and the support that we receive!”
- Maranda Dowell
“Charter Capital has had a big impact on our business! We appreciate the stellar customer service! It has helped us grow our business.”
Whether you’re ready to apply for motor carrier factoring or have additional questions about how it works, we’re glad to help. Simply provide us with a few details and one of our freight factoring specialists will reach out with answers and provide you with a free no-obligation quote.