Freight Factoring That Gets You Paid Faster
Stop waiting on broker payments. Get paid today, stay focused on the road.
- Texas-Based
- Transparent Rates
- Same Day
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Built for Truckers
Keep Your Wheels Turning
You delivered the load, and now you wait 30, 60, sometimes 90 days for the broker or shipper to pay. Freight factoring is a financial service for trucking companies to obtain immediate cash for work already done. Instead of watching unpaid invoices stack up, you sell them and get paid within one business day.
SS Brown Funding is a freight factoring company built for carriers. We purchase your accounts receivable upon delivery and fund you fast, with same-day invoice processing and free next-day ACH. Freight factoring is popular among small to mid-sized carriers to manage cash flow, and factoring is advantageous for businesses with significant operational costs and slow paying customers.
No set-up cost, no monthly minimums, no hidden fees. You haul; we keep the money moving.
Designed for Realities on the Road
Why SS Brown Funding Works for You
Speed & Simplicity
Receive funding on the same day you deliver, no long waiting periods or hidden hiccups.
Transparent Terms
No surprise fees, no confusing fine print. You get straightforward advance rates and clear cost disclosures.
Texas-Based Support
With our operations rooted in Texas, we understand the unique challenges of the Texas market and provide local responsiveness.
Scalable For Fleets
Whether you’re an owner-operator or managing a multi-truck fleet, we offer scalable solutions that adapt as you grow.
Additional Tools
Access value-added services, including fuel savings, digital wallet, and online account management.
support through every stage of business
SS Brown Funding Knows Trucking
What Is Freight Factoring?
Freight factoring, also called freight invoice factoring, invoice factoring, or transportation factoring, is the purchase of a carrier’s unpaid freight invoices for immediate cash. A trucking company sells its invoices to a factoring company, gets cash upfront, and rolls to the next load while the factor collects the customer payment. Factoring is considered a sale of assets rather than a loan, so you take on no debt.
- Approval is based on your customers’ creditworthiness, not your credit score, so new carriers and owner operators qualify quickly.
- Administrative tasks like collections can be outsourced to factoring companies. The factoring company takes over follow-up and acts as your accounts receivable department.
- Freight factoring helps bridge the cash flow gap between delivery and payment, which is why many trucking companies across the transportation industry rely on it.
Instant Access to Working Capital for Your Trucking Business
Waiting on broker payments is the biggest drag on a small freight business. Trucks move most of the nation’s freight, yet delayed payments keep carriers short on cash. Freight factoring provides immediate cash for unpaid invoices, turning payment delays into steady cash flow.
- Freight factoring helps cover operating expenses like fuel and payroll the same week you deliver, with no floating costs while your customers pay on their schedule.
- Consistent cash flow supports real business growth, letting you take on more profitable loads when a good lane opens up.
- One truck or a growing transportation company, factoring scales with you. More freight means more working capital.
Recourse Factoring: Straightforward Terms, Vetted Brokers
Factoring agreements come in two forms. Recourse factoring requires repayment if the customer defaults. If the customer fails to pay, you buy the invoice back. Non recourse factoring protects against customer non-payment risks, but non recourse freight factoring carries higher rates due to increased risk coverage, while recourse factoring typically has lower rates.
SS Brown Funding offers recourse factoring. Most trucking companies prefer recourse factoring for vetted brokers because the rate stays lower. Free credit checks on brokers and shippers help assess payment reliability before you haul, so slow paying brokers never make your calendar. Groups like OOIDA recommend reading every agreement closely, and we agree.
What a Freight Factoring Company Charges: No Hidden Fees
Most freight factoring companies charge fees between 2% and 6% of the invoice amount; elsewhere, factoring fees typically range from 1% to 5% of the invoice value. A factoring fee of 2% on a $1,500 invoice costs $30. Watch the fine print, because many factoring companies charge additional fees for wire transfers, and some factoring companies impose monthly minimums on invoice amounts. Look for transparent rates and no hidden fees in contracts.
- No sign-up fees, no monthly minimums, no surprise charges.
- Free invoicing and free credit checks are included. See everything on our services page.
Trucking Factoring vs. a Business Line of Credit
Carriers often weigh trucking factoring against bank financing. A business line of credit is debt: you borrow against a limit, pay interest, and approval depends on your credit history. Invoice factoring is not debt; you are advancing money you already earned. Freight factoring can cost more than traditional bank financing, but approval is faster, funding grows with your volume, and there is nothing to pay back. Some freight brokers offer quick pay programs, but those vary load to load; factoring covers all your outstanding invoices consistently.
From Invoice to Cash
How the Freight Factoring Process Works
Trucking companies sell unpaid freight invoices to a factoring company to receive cash advances.
01
Deliver Your Freight
Deliver your freight and collect your signed proof of delivery.
02
Submit Invoices & Delivery Proof
Most factors take paperwork via an online portal or mobile app; send us your freight bills by email or through our app, and we process them the same day.
03
Get Paid Fast
We advance the invoice amount upfront, and funds hit your bank account by free next-day ACH. That is immediate payment. Same-day funding by wire is available for a small fee. Cash advances from freight factoring are typically received within 24 to 48 hours, and most factoring companies pay within 24 hours of invoice approval.
04
We Handle Collections
Factoring companies collect payment directly from the broker, so no more chasing payments. Opt into a cash reserve and any remaining balance is released on your terms.
Who We Serve
Owner-Operators
Looking to eliminate invoice-wait cycles and stabilize cash flow.
Small Fleets
2–50 trucks that need a factoring partner experienced in truck-dispatch workflows.
TX and Regional
Carriers in Texas or the Southeast wanting a reliable solution without overhead.
Brokers
Pairing carriers with a partner that offers high service and operational ease.
Why Carriers Across the Trucking Industry Choose SS Brown Funding
We come from a long history in freight and built our factoring solution around what carriers actually need. Small carriers make up the vast majority of motor carriers, and factoring for trucking companies of every size is exactly what we do.
Factoring with us puts money back in the tank: our fuel card program delivers fuel discounts nationwide, and our fuel advance program provides fuel advances before the invoice clears. With rising operating costs squeezing margins across trucking, every cent per gallon counts.
Dedicated Account Managers
A real team handles invoicing and collections, so your back office runs itself while you drive.
No Hidden Fees
Straightforward advance rates. No surprise upload costs.
Same Day Invoice Processing
Same-day invoice processing means your customer is invoiced the day we receive your freight bills.
Same-Day Speed
Carriers of all sizes are welcome, with no monthly minimum required. Learn more about why carriers choose us.
Frequently Asked Questions
How Freight Factoring Works
You deliver the load, submit your invoice and proof of delivery, and the factoring company advances the invoice amount, usually within one business day, then collects full payment from your broker or shipper.
How Much Do Freight Factoring Companies Charge?
Freight factoring rates typically range from 2% to 6%, depending on volume, customers, and agreement type. We charge a flat rate with no set-up cost, no monthly minimums, and free invoicing included.
Is Freight Factoring Worth It?
For carriers with real operating costs and slow customer payment cycles, yes. The fee buys immediate cash flow and collections handled for you. What makes freight factoring worth it is the breathing room it buys your operation.
What Is the Difference Between Recourse and Non-Recourse Factoring?
With recourse factoring, you repay the factor if your customer never pays. Non-recourse factoring shifts covered default risk to the factor for a higher rate. SS Brown Funding offers recourse factoring paired with free credit checks, so you know who you are hauling for.
Start Factoring Today
Compare trucking factoring companies and the best factoring companies come down to speed, transparency, and support. That is the right freight factoring company. Ready to start factoring? Stop waiting on slow paying customers and get paid faster for freight you already delivered. Request an application or email support@ssbrownfunding.com and we will get you set up right away.