Freight factoring means converting your unpaid freight invoices into immediate cash by working with a factoring company like FactorTek — not taking on debt or applying for a loan. In Texas, this approach gives trucking companies steady cash flow and flexibility to manage day-to-day expenses without waiting on slow-paying customers.
With FactorTek, you can receive your funds within 24 hours of submitting your invoices. Our fast funding ensures that you can keep your operations running smoothly.
No. With freight factoring, approval is based on your customers’ ability to pay — not your personal or business credit score. This makes factoring a smart option for trucking businesses that want to grow without relying on traditional financing.
Yes, with our no-recourse freight factoring, you're protected if your customer doesn't pay. FactorTek handles the collection process so you don’t have to chase down unpaid invoices, giving you more time to focus on driving and growing your business.