The Most Reliable Freight Factoring Services for Trucking Companies

Truck factoring is a financial service that helps trucking companies get paid faster by selling their unpaid freight invoices to a factoring company. Instead of waiting 30-90 days for customer payments, you receive cash upfront to cover expenses and maintain cash flow.

The cost of truck factoring typically includes a factoring fee, which is a small percentage of the invoice amount (as low as 1.5% with Matrack). Costs may vary based on the volume and frequency of invoices.

Invoices must be for completed deliveries and issued to creditworthy customers. Invoices with terms of 30-90 days are typically eligible.

Truck factoring works in three simple steps:
Submit your freight invoices to the factoring company.
The factoring company advances a percentage (typically 80-95%) of the invoice amount.
Once your customer pays the invoice, you receive the remaining balance minus a small factoring fee.

Truck factoring is ideal for owner-operators, small trucking companies, and large fleets that need reliable cash flow to cover expenses like fuel, payroll, and maintenance.

With Matrack, you can receive funding on the same day your invoices are approved, ensuring your trucking business stays operational.

Immediate cash flow for operational expenses.
Elimination of waiting periods for customer payments.
Simplified accounting and reduced administrative tasks.
No debt incurred as it’s not a loan.
Better focus on growing your business rather than chasing payments

No, most factoring companies, including Matrack, focus on your customers’ creditworthiness rather than your personal credit history. Corporations often don’t need to provide an SSN.

Matrack offers non-recourse factoring options, meaning we take on the risk if your customer doesn’t pay, protecting your business from bad debt.