Transportation
Are you looking for reliable cash flow for payroll, fuel, and equipment? GO Funding LLC can help you find financing solutions that keep your business moving. Our network of financing partners allows you to turn your invoices into cash now.
How does Transportation factoring work?
Invoice Factoring is a financial service in which a third party, known as a factor, purchases a company's accounts receivable at a discount in exchange for immediate cash. In the trucking industry, factoring is a popular financing option for carriers, particularly for small and medium-sized trucking companies.
By selling their accounts receivable to a factor, trucking companies can access cash quickly to cover operating expenses such as fuel, payroll, and maintenance costs. Factoring can also help trucking companies improve cash flow and reduce the risk of bad debts.
Start Freight Factoring
Already Factoring?
Learn how to switch factoring companies.
Invoice Factoring
Invoice factoring services are a type of alternative financing for small businesses. Within 24 hours, an invoice factoring company will issue a cash advance for your company's unpaid invoices. This is advantageous for businesses because it bridges the payment period gap, rather than waiting 30, 45, or 60 days for customers to pay.
