Our fees and contract terms are transparent, and our services are designed to help you succeed.
Choose a partner that works for you.
Freight Factoring provides quick access to cash by selling invoices, with approval and funding in days, while bank loans involve a lengthy application process and create debt that must be repaid with interest.
Yes, factoring with us can complement existing loans or lines of credit, providing additional working capital without adding debt to your balance sheet. Additionally, our rates are much lower than loan and line of credit finances, So, you can have sufficient savings by factoring with ABC.
While there’s no minimum time commitment, we do require a 90-day notice if you decide to stop factoring invoices with us.
Our fees range between 2% and 3.5% per 30 days, depending on your invoice volume, customer creditworthiness, and your business’s overall profile.
We handle collections professionally and courteously, ensuring that your customer relationships remain positive.
No, we only factor completed invoices for goods delivered or services rendered. Partial invoices cannot be factored.
Yes, you can track your invoices in real-time through our secure app and online portal. You’ll be able to see the status, view payment history, and manage your account easily.
Getting started with Factoring is easy with ABC. You can fill out our online application (linked) (it takes less than 2 minutes). Once your application is submitted an ABC associate will reach out to you to go over your custom terms.
Once we receive your application and the necessary documents, approval takes less than one week.
You may be a good fit for factoring if you have consistent freight loads, creditworthy customers, and need predictable cash flow to manage your business. Contact us for a consultation to assess your specific needs.
Factoring rates vary based on many factors, such as your monthly factoring volume, the creditworthiness of your customers, and the standing of your business. Fees can range between 2.25% - 3.5% per month, but can be as low as 2% per month with ABC.
Submitting an invoice for factoring with ABC is fast and simple. You have various options to submit invoices on the go, such as through our mobile App web portal, or email. Invoice submission generally takes < 1 minute per invoice.
Fraud on load boards is a growing risk factor for carriers. Avoid the headaches and lost revenue that come with it by using ABC’s credit search tool to get customers before you haul loads for them. Our tool allows you to search for customers and gives real time data on their credit status to help keep you moving.
Getting customers approved with ABC is a breeze. We have already pre-approved thousands of customers based on their creditworthiness so all you have to do is click to add a pre-approved customer to your account. For customers not pre-approved on our platform, you will be asked to fill out a simple form and send it to us.
Invoices for approved clients are funded within 2 hours of submission as long as invoices are uploaded before 10AM ET each day. ACH payments are made the same day if funding requests are submitted before 2PM ET.
