Invoice Factoring Service

Trucking and freight carriers, Interstate trucking companies, freight hauling businesses, specialized carriers, trucking owner-operators, fleet operators, and more. Transportation and logistics companies, Long-haul trucking companies, local delivery services, freight carriers, shipping companies, courier services, etc. Freight brokers and logistics https://www.bookstime.com/ intermediaries, logistics brokerage firms, freight intermediaries, shipping coordination services, and more. Compared to our competitors, we typically offer higher credit limits for clients in oil & gas.

Quickpay Provides $500K Factoring Facility to Commercial Janitorial Company

• Discover Lendtek’s lender network offering a wide variety of funding options, with funding times as quick as 24 hours.
• For borrowers who prefer an in-person factoring option, Riviera Finance works with more than 25 invoice factoring companies across the U.S. and Canada.
• They offer factoring solutions to over 80 industries, including transportation, staffing, wellness, and healthcare.
• Factoring companies may offer varying rates, fees, and programs, so it’s essential to assess which company best aligns with your goals.
• Naval ship repair specialist boosts cash flow with $200K invoice factoring facility from Quickpay Funding.

Invoice factoring offers a reliable solution by allowing business owners Statement of Comprehensive Income to sell their accounts receivable to a factoring company. Instead of waiting weeks or months for payment, the business can receive funds within 24 hours, boosting cash flow immediately. Through Riviera Finance, you can receive up to $2 million for your unpaid invoices.

What is a Factoring Company?

With invoice discounting, you use your invoices as collateral for a loan, but you remain responsible for collecting payments. With invoice financing, however, you use your unpaid invoices as collateral to get a cash advance in the form of a loan or line of credit. Once your customer pays, you repay your lender the amount loaned, plus fees and interest. Additionally, options invoice factoring like recourse and non-recourse invoice factoring can give trucking businesses flexibility in managing risk. Many factoring companies provide fast approvals and industry-specific perks, making trucking factoring a top choice for businesses in this sector. Be wary of companies that try to lock you into long-term contracts, such as two-year deals.

Improved cash flow

We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services. Factoring companies primarily focus on your customers’ creditworthiness, making it a viable option even if your business credit isn’t perfect. Predictable cash flow allows you to take on bigger contracts with confidence, cover payroll and operational costs with ease, and scale your business. The Quickpay Portal is a secure, personalized, and responsive platform that gives you control over virtually ever aspect of your business. We have no monthly minimums, no minimum invoice amount or volume minimums. We give all our clients the Quickpay Fuel Card so they can cut fuel costs with top-of-the-line discounts, nationwide acceptance, and no account fees.

Company

It could also be a more time intensive process effecting your company’s credit as well as your personal credit. You will not have to fill out unnecessary, complicated forms or have to wait an extraordinary amount of time before you get your answer. Florida’s economy depends on industries like trucking, manufacturing, tourism, and international trade, each of which can face cash flow gaps due to long payment cycles or seasonal fluctuations. Invoice factoring companies in Florida provide a solution by converting accounts receivable into immediate cash, helping businesses avoid debt-based financing. This approach is particularly valuable for businesses needing quick access to working capital without the added burden of traditional bank loans. For small businesses, cash flow management can be a challenge when clients delay payments on invoices.

• That is where Florida factoring companies come in with a debt-free, flexible, and fast financing solution available to businesses of all sizes in Florida.
• To find the best factoring companies of 2025, we evaluated 26 lenders based on 16 metrics across five categories.
• Unlike loans, which require regular payments and put assets at risk, factoring is a debt-free solution.
• Factoring is available for up to $2 million and the standard term is six months.
• This should be reflected in their reviews on business review sites such as Trustpilot.
• With invoice factoring, also called accounts receivable financing, business owners are able to sell unpaid invoices for immediate access to working capital.