Factoring for Trucking Industry
Factoring for Trucking Industry
Get your invoices paid within 24 hours. It’s really that easy.
Factoring in the trucking industry allows you to get an immediate advance on your invoices. Exchange your invoices for cash, and you’ll be able to take care of operating expenses without having to take on debt or wait 30-60 days to process your invoices.
- Get cash fast by factoring your invoice.
- No more waiting to pay your out-of-pocket costs.
- Take the stress out of meeting first-of-the-month commitments.
Get cash fast by factoring your invoice.
Factoring helps you stay on the road without having to worry about cash flow issues.
Working with a freight factoring company like OTR Capital gets you paid within 24 hours of submitting your invoice. Keeping track of accounts receivable collection and cash flow can get complicated quickly, but invoice factoring makes things simple. For a small percentage of the total invoice, you can get paid quickly and get back to moving freight — all without having to take on debt to cover fuel, maintenance, and other expenses.
No more waiting to pay your out-of-pocket costs.
Avoid payroll issues and keep your commitments.
Some companies can take months to pay their invoices, but you can’t afford to wait. Keeping your revenue stream flush becomes a juggling act, one that’s especially serious for smaller operations that might not have a lot of extra cash on hand.
The advantage of factoring is that it frees you up from being dependent on timely customer payments. OTR Capital pays your invoices within 24 hours, giving you the capital to get back on the road right away. Factoring is a quick and easy way to take care of expenses now and avoid the hassle of waiting for payments to come in later.
Take the stress out of meeting first-of-the-month commitments.
Factoring in the trucking industry means you can quit worrying about making ends meet and get back to growing your business.
OTR Capital provides contract-less factoring, which means that you can factor invoices when it works for you, but aren’t obligated to do so for every load. Plus, OTR Capital backs up their services with dedicated account managers — including credit and collection experts whose job it is to help you avoid debt. That way you can cut down on your operational overhead, make more secure decisions, and continue to succeed.
"OTR Capital is a wonderful company to work with. They go above and beyond to meet your needs. Everyone I have worked with has always been really nice and professional. I would recommend OTR Capital to everyone looking for a great factoring company."
- Nicole Ives
"OTR Capital is one of the best things that has happened for our company Sal-Trans Express, Inc. Their Customer service is of the best quality. Provide detailed explanations to all questions asked and truly always look out for their customers. Their personalized services have allowed our company to scale quickly and allowed us to make the necessary decisions for our company.."
- Eduardo Salazar
Factoring is the sale of accounts receivable to a factoring company like OTR Capital. This means carriers receive payment in advance, not months down the line. It’s not a loan or a business overdraft, either — the factoring company is paying you the money that you’re already owed, minus a small processing fee. Factoring companies for the trucking industry will advance you a percentage of your invoice, giving you immediately available funds in the manner of your choosing.
Start factoring your invoices today!
Partnering with OTR Capital will give you transparent pricing, same-day invoice processing, and peace of mind.
Register with OTR Capital today to control when and how you get paid!