What is freight factoring and how does it work?

Freight factoring is a specialized financial service where a trucking company sells its outstanding freight bills to a factoring company, like Single Point Capital, at a small discount. Instead of waiting 30, 60, or 90 days for a broker or shipper to pay, you receive immediate, same-day funding to cover fuel, payroll, and maintenance.

Do you offer freight factoring for new trucking authorities?

Yes. Single Point Capital specializes in providing factoring for new authorities and new owner-operators. We provide the immediate working capital you need to scale your new trucking business without requiring years of business credit history.

What is the difference between recourse and non-recourse freight factoring?

In recourse factoring, your trucking company must buy back the invoice if the broker ultimately fails to pay. In non-recourse factoring, the factoring company absorbs the loss if the broker goes bankrupt or fails to pay due to credit insolvency, offering you greater financial protection.

How do trucking fuel discount programs work?

Our trucking fuel cards allow owner-operators and fleets to access cash prices and receive per-gallon discounts at major truck stops nationwide. They integrate directly with your factoring account, allowing you to easily manage fuel advances and track fleet spending in one place.

Can you help finance a commercial truck insurance down payment?

Yes. Single Point Capital provides insurance down payment assistance, covering up to 50% of the initial premium cost. We break this down into manageable installments so you can move forward without draining your cash reserves.

Blog

Houston’s Best Factoring Company: How to Choose the Right Partner for Your Business

Finding Houston’s Best Factoring Company: What Local Businesses Need to Know Houston, Texas is one of the most dynamic business hubs in the U.S. From ...

Why Am I Not Getting Paid Fast for My Loads? Freight Factoring Solutions Explained

In the trucking industry, consistent cash flow is essential for keeping your business rolling. But many carriers and owner-operators find themselves a...