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Invoice Factoring for Your Transportation Business

Find the Best Invoice Factoring Rates for Your Trucking & Transportation Business.

Contact Us Today and Receive a Free Consultation with Funding in 24 Hours if Qualified!

Get Started Here!

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Invoice Factoring for Your Transportation Business

Find the Best Invoice Factoring Rates for Your Trucking & Transportation Business.

Contact Us Today and Receive a Free Consultation with Funding in 24 Hours if Qualified!

Why Choose SMB Compass for Invoice Factoring?

SMB Compass is a professional business financing company focused on providing financing and education to small businesses across the United States. We are home to some of the country's most trusted industry experts to assist you with more than one solution to your financing needs.

Our team's expertise goes beyond lending; we offer you well-calculated advice on equipment financing, asset-based loans, invoice factoring, and inventory financing so you have peace of mind in terms of growth.

We'll help you unlock your potential by adding value to your assets, so the only thing you’ll need to do is to focus on what matters.

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Is it hard to get approved for invoice factoring?

Not at all! Qualifying for a invoice factoring through SMB Compass is simple and convenient, and you can complete it within a few minutes. Here’s how it works:

  • a) Fill out our online application form and enter your business information, contact details, and other necessary information.
  • b) After submitting your application and meeting the minimum requirements, you’ll receive several offers. Our lending expert will walk you through this process and help you decide which one works best for your business.
  • c) Receive the funds within 24 to 48 hours.
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SMB Compass also helps niche industries and underrepresented groups like women-owned businesses secure the loans they need to succeed.

What is Invoice Factoring and How Does It Help Your Business?

  • Best For: Companies with working capital tied to unpaid invoices.
  • Loan Amounts: $25,000 to $5,000,000
  • Terms: Revolving credit
  • Rates: 6% to 18%
  • Requirements:
    • 1 page online loan application
    • 3 months’ worth of bank statements
    • A/R aging
    • At least 2 years in business

Invoice factoring gives you instant access to additional funds by selling your outstanding invoices to a factoring company.

Here’s how it works:

  1. 1. You sell outstanding invoices to a third-party company (lender or factoring company) in exchange for immediate capital – usually between 80% to 90% of the total invoice value.
  2. 2. The factoring company will wire the money into your account, which you can use immediately for almost any business purpose. With invoice factoring, you don’t need to wait for months before receiving payment.
  3. 3. When you factor your invoices, the factoring company will be in charge of collecting payments from your customers.
  4. 4. You’ll receive the remaining 10% to 20% (minus a small factoring fee) once your customers pay their dues.
Invoice Factoring Features For Trucking Companies

Fuel Card Discounts
Save up to 45¢ per gallon with our fuel card discounts at truck stops and travel centers in the country! Our fuel cards work like a debit card – you can use it to pay for fuel, repairs, and other purchases. Qualification is fast and convenient for any fleet size.

Instant Funding
Once approved, we’ll wire the money into your account within 24 hours. Our platform can process payments instantly without the hefty wire transfer fees.

No Additional Collateral Required
The invoices serve as collateral, so you don’t have to submit and risk your real estate properties, equipment, and other high-value assets.

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No Minimum Monthly Volume Commitments and No Long-Term Contracts

We’ll help you set up an invoice factoring agreement that works for you. You’re not tied to long-term contracts and you can choose which invoices to factor.

Ready to Secure an Affordable Invoice Factoring Rates?

The SMB Compass team has the experience and industry insight to guide you and your business to the best possible outcome. Get in touch with our team today for your free consultation!

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