1st Trucking Factoring

1st Trucking Factoring provides freight factoring, a way for haulers to turn unpaid freight bills into cash sooner. It is aimed at trucking firms, carriers and transportation companies that bill on credit and would otherwise wait a long time for payment. The site is operated by Corporate Finance New York LLC.

What 1st Trucking Factoring offers

• Trucking and freight factoring: Invoices for delivered loads are verified and then paid out, so a carrier does not wait for slow-paying customers.
• Transportation factoring: The same service adapted for wider transport businesses.
• Factoring for freight brokers: Support for brokers that must pay carriers before the shipper pays them.
• Startup programme: A route for new carriers to begin factoring.
• Fuel programme: A fuel option for carriers, listed on the site.

Customers and markets

The service is set out for small fleets of one to three trucks, larger fleets of four or more, and growing freight brokers.

Key facts

• Process: Application and approval, invoice verification, then cash paid into the carrier's account
• Payout locations: Funds can be collected at truck stops in the US and Canada
• Terms: No minimum usage requirement is stated
• Tools: Carrier status checks and carrier search are offered on the site