Invoice factoring is when you sell your unpaid invoice to a factoring company at a small discount. You get 90–97% of the invoice value immediately. The factoring company collects the full amount from your broker or GC when they pay. You never owe anything. There is no debt on your books.
You haul the load or complete the subcontract work and submit your invoice to your broker or general contractor.
At this point, you have done everything right. The problem is that your broker or GC has 30–90 days to pay you. Your bills don't wait that long.
You send us a copy of your invoice, your rate confirmation (for trucking) or subcontract agreement (for construction). This takes about 5 minutes.
We verify the invoice is legitimate and check the creditworthiness of your broker or GC — not you. Your personal credit does not matter to us.
Once approved, we wire 90–97% of the invoice value directly to your bank account. Most clients receive funds funding as fast as 24 hours for qualified invoices.
For trucking: we also offer same-day fuel advances so you can fuel up before the wire clears. For construction: we can fund mobilization costs before the first invoice.
We send a Notice of Assignment (NOA) to your broker or GC instructing them to pay us directly when the invoice is due.
This is standard practice in the industry. Your broker or GC has seen this before. It does not affect your relationship with them.
Once your broker or GC pays us the full invoice, we send you the remaining 3–10% (minus our small fee). The transaction is complete.
Our factoring fee typically ranges from 1.5% to 3.5% of the invoice value depending on volume and your broker's payment history.
Yes. We send a Notice of Assignment (NOA) to your broker or GC instructing them to pay us directly. This is completely standard in both the trucking and construction industries. Most brokers and GCs have processed hundreds of factored invoices.
Our fees typically range from 1.5% to 3.5% of the invoice value, depending on your volume and the creditworthiness of your broker or GC. We are transparent about fees upfront — no hidden charges.
With recourse factoring, you would be responsible for buying back the invoice. With non-recourse factoring (available for qualifying clients), if your broker or GC becomes insolvent and cannot pay, we absorb the loss. We will discuss which option is right for you during the application process.
Most clients receive their first advance within 24–48 hours of submitting their application and first invoice. After your account is set up, subsequent invoices are typically funded same-day or next-day.
We work with invoices as small as $500 and as large as $5 million+. There is no minimum monthly volume requirement.
Factoring decisions are often based more on the quality of the invoice and the customer who owes it than on traditional borrower credit criteria. Additional underwriting may still apply.