Freight Broker Factoring

For nearly 25 years, Interstate Capital has been among North Americasfactoring companiesfor freight brokers, always rated within the Top 10freight factoring companies. With its extensive experience in, Interstate Capital has developed broker-specific cash flow solutions that are convenient, easy and fast.

As brokers companies juggle customers, motor carriers, routes, equipment, weather conditions, deadlines, and sales efforts to recruit more customers, they can face significant financial challenges. These challenges can jeopardize their business, especially when their shippers and consignees dont pay them for 30, 60, or even 90 days. Thats whenfreight brokerage factoringcomes in.Freight broker factoring companiespurchase the freight brokers invoices and then make those funds available for them upfront to cover operating expenses and payments to motor carriers. A top-tierfreight brokerfactoring companylike Interstate Capital can advance funds on the same day that an invoice is verified with proof of delivery, rate confirmation, and other usual paperwork. After the brokers customers pays the factoring company on the invoice, any balance on an invoice is sent to the freight broker, minus a smallfactoring fee.

The main benefit offactoring for freight brokersis that a load factoring company closes that gap between paying carriers and receiving payment for loads. The factoring company will pay your carriers as soon as they deliver your load. You pay a small factoring fee for the benefit of paying your carriers sooner. Use that benefit to earnquick paydiscounts from your carriers. The most common reason for freight brokers to choose factoring is improving cash flow. You can pay your carriers, your insurance and taxes, and other overhead expenses without waiting 30 or 60 days or even longer to get paid for loads.

When you partner with Interstate Capital, we will be able to issue payments to your carriers as soon as you send us your invoices, which means that you can continue doing business and cover your costs while focusing on making money instead of waiting for your clients to pay you.

However, resolving this cash flow challenge is not the only benefit. Other benefits of freight broker factoring include moreworking capitalfor your business, without incurring more debt. The key is that you are simply receiving an advance for work that is already completed: you are not borrowing money that must be paid back out of unknown future revenues. A good truckingfreight broker factoringcompanywill help you stabilize your income and better predict your monthly and annual revenues.

Another benefit is that you can qualify quickly for this kind of alternative funding at thebestfreight brokeragecompanies, regardless of your personal credit score or collateral. The factoring company studies the creditworthiness and payment history of your customers, not your background. If you have not qualified for a bank loan in the past, you can still qualify for factoring if you work with dependable customers. At the same time, you can improve your own credit ranking: use your infusion of cash to pay off bills and keep current with expenses.

Since 1993, freight brokers have maintained a healthy cash flow and have been able to set aside enough funds to grow their businesses by partnering with Interstate Capital. Here are the top ten benefits for freight brokers that factor their invoices with Interstate Capital:

Quick pay to carriers with Interstate Capitals money, not yours

Fuel advancesfor your carriers from Interstate Capital

Expert collections team to contact your customers for payment, so you dont have to

Professional in-house credit checks on shippers to protect you against loss

Improved credit scores with the on-time payments to carriers

Dedicated account manager with years of experience working with freight brokering

Choice of funding methods for you and your carriers

Broker bonds program and payment guaranties for your motor carriers

Unlimited credit available with Interstate Capitals motor carrier clients

Industry-leading Freight Payable System for easy and fast carrier settlements

Revolutionary Freight Payable System

Timing is critical for freight brokers whether they are searching for the right motor carrier for an expedited load or waiting for a big check from a customer. As one of the industrys best freight broker factoring companies, Interstate Capital has worked hard to develop easy-to-use and reliable systems that get brokers and carriers paid within hours of pick-up and delivery. These systems have helped the company build a strong track record of helping freight brokers succeed and grow.

This expertise infreight broker factoringhas led to the development of Interstate Capitals revolutionary proprietary payment management system, Freight Payable Systems (FPS).  FPS is the only onlinefreight broker factoringsystem designed exclusively for the freight brokerage industry. It is available at no additional cost only to freight brokers who factor their invoices with afreight factoring companylike Interstate Capital.

The system efficiently handles all the paperwork, invoices, bills, and automatic payments to drivers. FPS collects and stores each loads paperwork and matches the brokers invoice to the motor carrier that delivered the load. The funds are carefully tracked and sent to the carrier that hauled the freight when the broker is ready to release them.

Factoring with Interstate Capital allows freight brokers to focus their time on what they do best: keeping customers freight moving safely and on time.

The FPS program, managed minute-to-minute by the trained FPS team, helps brokers by setting aside and ensuring that the cash coming in from a shipment gets paid to the right carrier.

The freight broker decides when and how much motor carriers will be paid and if they will receive fuel advances.

Interstate Capital follows the brokers instructions and forwards payment to the carrier.

The broker receives the difference between the invoice amounts and the carrier payments.

The FPS process solves the challenge faced by some freight brokers who, for a variety of cash flow reasons, come up short when its time to pay carriers. The freight broker then has to use the proceeds from new  loads to pay carriers and gets caught in a cycle of catching up. When brokers factor with Interstate Capital, the  FPS program helps them avoid this predicament. According to the Federal Motor Carrier Safety Administration, freight brokers must maintain records that segregate funds payable to carriers from their general operating funds. FPS helps freight brokers remain in compliance with these regulations.

Freight broker factoringis a valuable financial solution for busy transportation professionals. Not only does it ensure that carriers are paid on time, every time, but it gives brokers the working capital needed to ensure that they can continue serving their customers. Instead of waiting for freight bills to be paid, they can spend more time focusing on matching motor carriers to loads and tracking deliveries. Factoring companies that pay brokers can help them increase your profit margins.

Interstate Capitals unique freight broker payment program, along with its strong team of dedicated freight broker specialists, can give freight brokers the edge they need to get ahead and stay ahead. Are you ready to take your freight brokerage business to the next level?

Freight brokerages often struggle to fund their businesses because conventional financing routes such as bank loans or expensive merchant cash advances dont always provide the ideal solution. Factoring on the other hand gives you immediate access to cash without incurring debt. The factoring company will pay your carriers as soon as they deliver your load. You pay a small factoring fee for the benefit of paying your carriers sooner.

Use that benefit to earnquick paydiscounts from your carriers. The most common reason for freight brokers to choose factoring is improving cash flow. You can pay your carriers, your insurance and taxes, and other overhead expenses without waiting 30 or 60 days or even longer to get paid for loads.

When you partner with Interstate Capital, we will be able to issue payments to your carriers as soon as you send us your invoices, which means that you can continue doing business and cover your costs while focusing on making money instead of waiting for your clients to pay you.

Some of the benefits that freight brokers receive when they partner with Interstate Capital include the following:

Quick payyour carriers with our funds

Provide fuel advances to your carriers with our funds

Credit approval for your shipper accounts

Unlimited credit with carriers who factor with Interstate Capital

Applying and qualifying for freight brokerage factoring is easier and faster than traditional bank loans and comes with special benefits tailored to logistics companies. Contact us for afactoring rate quotetoday.

With an Instant Factoring Rate Quote

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We highly recommend Interstate Capital to anyone that its either starting a small company or if you are a large company. When we started our company, Interstate Capital was helpful in every way in getting us started. We have been with them for several years now and have never had issues with them, they are always easy to get a hold of them and are always there if you have questions and are they are always willing to listen. We get our settlements quickly!! We give a Thumbs up to Interstate Capital!!!

We highly recommend Interstate Capital to anyone that its either starting a small company or if you are a large company. When we started our company, Interstate Capital was helpful in every way in getting us started. We have been with them for several years now and have never had issues with them, they are always easy to get a hold of them and are always there if you have questions and are they are always willing to listen. We get our settlements quickly!! We give a Thumbs up to Interstate Capital!!!

Interstate Capital is great a must just starting out or small business

Im a owner/operator of a hotshot. I struggled for the first 6 months I was in business with out them. I wish I would have used them earlier, it made my job and my life a lot easier. Everybody there was really helpful. Would recommend them to anybody.

Im a owner/operator of a hotshot. I struggled for the first 6 months I was in business with out them. I wish I would have used them earlier, it made my job and my life a lot easier. Everybody there was really helpful. Would recommend them to anybody.

Having worked with the nations top factoring companies for years, the choice was obvious when it came to selecting one for my own company: Interstate Capital.

Having worked with the nations top factoring companies for years, the choice was obvious when it came to selecting one for my own company: Interstate Capital.

Reputable owners and efficient systems

Their professionalism, reputable owners and staff, and highly efficient systems have reminded us daily why we stay and will continue to work with ICC for years to come.

Their professionalism, reputable owners and staff, and highly efficient systems have reminded us daily why we stay and will continue to work with ICC for years to come.

I was a skeptic when it came to working with a factoring company. Working in the industry for the last 20+ years, everyone has heard the horror stories. So when it came time to grow and find a strategic partner, we chose Interstate Capital Corp. We had several conversations and meetings with JR. He took the time to understand not only how we conduct our business but helped us evaluate our customers aging and credit terms before we became a client. JR offered multiple solutions for our needs. In fact, it forced us to look at our accounting procedures and we found a solution that helped increase our profitability and minimize expenses. Their entire team is friendly and knowledgeable. Signing up was extremely easy, and ICC appointed the perfect representative for our account. I am impressed with their technology, ease of doing business and all the additional free perks they offer.

I was a skeptic when it came to working with a factoring company. Working in the industry for the last 20+ years, everyone has heard the horror stories. So when it came time to grow and find a strategic partner, we chose Interstate Capital Corp. We had several conversations and meetings with JR. He took the time to understand not only how we conduct our business but helped us evaluate our customers aging and credit terms before we became a client. JR offered multiple solutions for our needs. In fact, it forced us to look at our accounting procedures and we found a solution that helped increase our profitability and minimize expenses. Their entire team is friendly and knowledgeable. Signing up was extremely easy, and ICC appointed the perfect representative for our account. I am impressed with their technology, ease of doing business and all the additional free perks they offer.

I have never had any problems when it comes to interstate capital corporation. They are always friendly and helpful. They have gone over and beyond to help resolve issues as they arise. I would highly recommend them to anyone who is looking for a great reliable factoring company.

I have never had any problems when it comes to interstate capital corporation. They are always friendly and helpful. They have gone over and beyond to help resolve issues as they arise. I would highly recommend them to anyone who is looking for a great reliable factoring company.

Paco is an outstanding account manager!!

We are very pleased with the services we received from Interstate Capital. Our Account Manager is Paco, and he always strives for getting our account funded quickly.

We are very pleased with the services we received from Interstate Capital. Our Account Manager is Paco, and he always strives for getting our account funded quickly.

The staff at ICC is superb. You couldnt ask for a more friendly staff. Any requests made are handled promptly and with the utmost care. They will do what they can to help out with a wide array of issues and if one person doesnt know there are others who are quick to speak up with ideas. They are right there next to you during your trial and tribulations and will share in your successes as well. This company definitely has the factoring business figured out and shows tremendous staying power.

The staff at ICC is superb. You couldnt ask for a more friendly staff. Any requests made are handled promptly and with the utmost care. They will do what they can to help out with a wide array of issues and if one person doesnt know there are others who are quick to speak up with ideas. They are right there next to you during your trial and tribulations and will share in your successes as well. This company definitely has the factoring business figured out and shows tremendous staying power.

As a flatbed woman owner operator I find my own freight ,drive ,deal with brokers etc. I dont have the time to sit at home and wait for the checks do. paperwork everything that goes with it . As all knows wheels arent rolling no money is being made.Its so much easier to just deal with interstate I have worked with Nancy right from the get go and I will continue.I have worked with other factoring companies but this is by far the best. Grass just isnt greener on the other side .Been steady solid company .I have found out that they will go above and beyond to help keep you going.

As a flatbed woman owner operator I find my own freight ,drive ,deal with brokers etc. I dont have the time to sit at home and wait for the checks do. paperwork everything that goes with it .

As a company we have used Interstate Capital Corp for 7 Years. They have always been out standing in their service to us. Every time I have emailed a question, they have responded quickly with an answer. I like when a company communicates with me and is well informed on ALL situations. I would highly recommend this company to anyone.

5-Stars=AAAAAAAAAAAA++++++++++ Service.

As a company we have used Interstate Capital Corp for 7 Years. They have always been out standing in their service to us. Every time I have emailed a question, they have responded quickly with an answer. I like when a company communicates with me and is well informed on ALL situations. I would highly recommend this company to anyone. 5-Stars=AAAAAAAAAAAA++++++++++ Service.

Excellent factoring experience. Helpful and friendly staff. A trustworthy organization in all aspects of business. I have been a customer for 8 years. Keep up the good work!

Excellent factoring experience. Helpful and friendly staff. A trustworthy organization in all aspects of business. I have been a customer for 8 years. Keep up the good work!

They are very competitive, and professional

This is Elda, manager from Rock Runner Llc. we have been in business since 2009 and have been with ICC since then. My experience with ICC have been very satisfactory. I recommend 100% ICC to any small, medium, and big companies. just try them, and you will see the difference

This is Elda, manager from Rock Runner Llc. we have been in business since 2009 and have been with ICC since then. My experience with ICC have been very satisfactory. I recommend 100% ICC to any small, medium, and big companies. just try them, and you will see the difference

Ive had a really great experience with them, specially with my rep Daniel Munoz, he is really the best and always going out of his way to help me out. I always get call from other factoring companies but i wouldnt change it at all.

Ive had a really great experience with them, specially with my rep Daniel Munoz, he is really the best and always going out of his way to help me out. I always get call from other factoring companies but i wouldnt change it at all.

As with all new things, it took a couple tries to get all familiar with the practices, but after the figuring of the rather easy process Interstate Capital has been a true blessing in disguise. The rep I work with is so wonderful, and patient. Everything goes quick and smooth. As far as a factoring company, these people are top notch.

As with all new things, it took a couple tries to get all familiar with the practices, but after the figuring of the rather easy process Interstate Capital has been a true blessing in disguise. The rep I work with is so wonderful, and patient. Everything goes quick and smooth. As far as a factoring company, these people are top notch.

Interstate Capital has been a godsend to us.  Theyve helped build our company from nothing and now were in seven states. Theyve been our backbone and our partner.

– Specialty electrical contractor, Pennsylvania

– Specialty electrical contractor, Pennsylvania

Interstate Capital has been a godsend to us.  Theyve helped build our company from nothing and now were in seven states. Theyve been our backbone and our partner.

– General freight transporter, Florida

– General freight transporter, Florida

– General freight transporter, Georgia

– General freight transporter, Georgia

Its been an awesome experience working with ICC. The client website is really easy to use no training is necessary.

Fast, Flexible and Reliable Funding for Your Business

The LeadingFactoring Companyin the United States and Canada. LearnWhat is Factoringhere. We specialize intransportation factoringfor trucking and other industries.

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