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What Is Freight Factoring?

Freight factoring is a popular form of financing in the trucking industry that converts unpaid invoices into immediate cash for fleets for a small fee. Thus, fleet owners have the funds they need to pay for fuel, their truck drivers, vehicle repairs, and more. For example, Thunder Funding is a freight factoring company and we buy invoices for freight that you’ve already delivered. In a nutshell, this is cash that is advanced to you based on your accounts receivables. Our freight factoring services ensure steady cash flow so that you can keep your trucks rolling.

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Topics: Freight Factoring

6 Smart Ways To Grow Your Trucking Business

If you’re the owner of a small trucking business, then you’ve definitely felt the growing pains of competing with larger fleets. More trucks rolling means you have better leverage when it comes to pricing deliveries, garnering more favorable discounts from suppliers with bulk orders, attracting and hiring better drivers, and more. 

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Topics: Grow Your Fleet