What is Freight Factoring?
Freight Factoring is a low-risk cash management solution for trucking companies. You sell your invoices at a small discount and get your money immediately.
Same Day Funding
You don’t need to wait days and weeks for your money.
Free Broker Credit Checks
We provide peace of mind for drivers before they accept a load.
No Minimums. No Reserves
You choose what loads and brokers you want to factor.
Fuel Advances up to 50%
Get the fuel you need to complete the load.
Freight Factoring vs. Line of Credit
| Freight Factoring | Line of Credit | |
|---|---|---|
| Cost | Based on volume | Varies bases on collateral |
| Qualification | Very little requirements | Extensive process |
| Approval Time | 2-3 days | Weeks to Months |
| Credit Limit | Flexible | Restrictive |
| Maintenance | Easy | Difficult to Maintain |
| Access to Funds | Easy | Easy |
| Line Increase | Simple and quick | Complicated and slow |
| Collateral | Only accounts receivable as collateral | Usually all company assets |
We’re your team!
Our team of experts is here to walk you through the application process so you can start getting paid!
An Established Funding Partner
Since 2004, more hundreds of brokers have turned to Triumph to manage their cash flow
Owned by a Bank
Triumph is an operating subsidiary of a publicly-traded bank. That means oversight, transparency and security for your business.
Technology
Our payment portal empowers carriers to manage their payment terms and methods.
Back Office Support
Think of Triumph as an extension of your business. We handle the invoicing, collections and carrier payments, leaving you more time to focus on growing your brokerage.
Ready to get started?
Our team of experts is here to walk you through the application process so you can start getting paid! Call us at (866) 417-4083, or submit the form at the top of this page to get started.