Flexible freight bill factoring with fast funding
Looking for flexible and fast funding for your freight bills? Get a free factoring rate quote today.
Today’s trucks roll with freight bill factoring – and thousands of motor carriers and freight brokers have chosen Triumph as their partner for fast funding.
With our free factoring estimate, you will be able to know:
- Time to receive payments for your invoices
- Cash funding you would get based on invoice value
- Fees associated with financing your receivables
- Access to complimentary credit reports
- Qualify for free electronic funds transfers
- Additional cashflow benefits available to you
Get a Factoring Rate Quote
To receive a funding estimate for your business please provide basic information below. A factoring specialist will review your information and contact you with a rate quote.
Getting the Money You Need Is Simple
Freight bill factoring for motor carriers and freight brokers is financing that lets you turn your invoices into cash. It’s easier than you might think:
Complete Application
Complete a short application form and get approved in 2-3 days.
Submit Invoices
Submit invoices through our online portal.
Get Cash
You receive cash within 24 hours.
What is Invoice Factoring?
Freight bill factoring is a low-risk cash management solution for motor carries and freight brokers. You sell your accounts receivable at a small discount and get your money immediately.
-
Cash flow
Immediate cash flow so you can pay expenses now. You get the cash you need immediately with full transparency – no hidden fees or confusion.
-
No debt
It’s easier than a bank loan: grow your business without taking on debt. Our approval process is less restrictive than a business loan, using your existing invoices as collateral.
-
Grow your business
Never miss a new opportunity because of slow-paying customers.
-
More time to run your business
You control your business operations; our team is there to help with credit, collections and back office solutions.
Freight Factoring vs. Line of Credit
| Freight Factoring | Line of Credit | |
| Cost | Based on volume | Varies bases on collateral |
| Qualification | Very little requirements | Extensive process |
| Approval Time | 2-3 days | Weeks to Months |
| Credit Limit | Flexible | Restrictive |
| Maintenance | Easy | Difficult to Maintain |
| Access to Funds | Easy | Easy |
| Line Increase | Simple and quick | Complicated and slow |
| Collateral | Only accounts receivable as collateral | Usually all company assets |
Why Choose Triumph?
Because we’re a recognized industry leader. For nearly 15 years, we’ve partnered with small to medium-sized businesses to simplify and strengthen their operations.
-
An Established Funding Partner
Since 2004, more hundreds of brokers have turned to Triumph to manage their cash flow
-
Owned by a Bank
Triumph an operating subsidiary of a publicly-traded bank. That means oversight, transparency and security for your business.
-
Technology
MyTriumph.com, is an industry-leading portal built for customers to see and view their accounts and payment status — with complete transparency. You always know where your money is.
-
Back Office Support
Think of us as an extension of your staff. We handle the invoicing and collections so you have more time to focus on growing your business.