Factoring Consultation



Type of Factoring



Who is it for?

Type of Vehicle?

Why Trust MT?

What is Truck Factoring

Factoring is a process by which carriers/trucking companies get paid in advance by submitting load invoice to factoring companies, after pulling an authorized load. With this you get instant payments. Otherwise, brokers take 30 to 45 days after the completion of a load, which puts many you in a severe cash crunch.

Types of Factoring Programs

There are two types of factoring programs– recourse and nonrecourse factoring for owner operators.

Liability of the freight bill/invoice still lies with the carrier or owner operator. In case the freight broker goes bankrupt, amount is charged back by the factoring company.

The factoring company takes the responsibility for the invoice or trucking bills. In case the non-payment of the invoice by the freight broker or shipper the factoring company beards the loss.

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Years of Experience
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Trucks Dispatched
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Brokers/Shippers Network

Factoring Rates

Average  of 3%

What are you paying for:

  1. Cash Advance – brokers take 30-45 Days to pay, you get paid same day.
  2. Risk – Transfer of the liability in case of a non-recourse factoring if the broker goes out of business, it’s the responsibility of the factoring company.
  3. Back Office Operations – Once the invoice is taken over the whole verification and collection of the invoice is taken care by the Factoring company.
  4. Other value-added services such fuel cards, discounts etc.

How does it work:

  1. Complete a load, let’s say of $1000.
  2. Send the load paperwork such invoice with rate confirmation and bill of lading to trh factoring company.
  3. Get paid the same day for $1000 – 3% Fee Charged = $970
  4. Use the continuous cash flow to pay for running expenses such Fuel, Insurance, Driver salaries and grow your business.

Highlights Of our Factoring Programs

Highlights Of our MaxTruckers Factoring Proposals

Advantages OF choosing Factoring with MaxTruckers

Are you an Owner Operator or New Carrier? Receive a complimentary Start-Up valued at $1500 to Grow your Business and Maximise Profits. Features of Start-Up kit:

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