What is Freight Factoring?
Freight factoring is a service provided to truckers as a way to get them paid immediately for work they have done whether or not the shipper pays them on time. A freight bill factoring company like Lone Star Factors purchases invoices at a discount and then funds the carriers for the receivables purchased.
Many companies take advantage of freight factoring because even in good economic times they cannot afford to wait 30 days or more to get paid for an invoice.
Why use factoring?
Factoring can be an excellent way to increase cash flow without incurring any debt.
As a business owner factoring can help you:
- Increase cash flow immediately
- No hassles with banks
- No increased debt
- Easy application process
- Eliminate invoicing
- Eliminate collections
- Take control of your business
Why choose Lone Star Factors?
We know trucking, and we know service! We have been serving the financial needs of truckers for over 15 years. We are also small business owners and operate a small trucking company. We know what your needs are and we have the flexibility to provide you with the best, quickest, and most affordable solutions available.