Dedicated Services
Invoice Factoring
Turn outstanding invoices into immediate cash to bridge short-term gaps. Focus on running your business while we handle your receivables financing.
Turn outstanding invoices into immediate cash to bridge short-term gaps. Focus on running your business while we handle your receivables financing.
Invoice factoring advances you the cash tied up in unpaid freight bills, so you are paid in days instead of waiting 30, 60, or 90 days for brokers and shippers to settle.
TruCapital connects Canadian carriers with factoring programs that smooth cash flow, cover fuel and payroll, and let you take on more loads without waiting on receivables.
Run your freight and invoice the broker or shipper as usual.
Send the invoice to the factoring program.
Receive the majority of the invoice value, often same or next day.
The factor collects from your customer and remits the balance, less their fee.
To keep your approval fast, have these ready when you apply:
An owner-operator factors a delivered load to cover fuel and a repair instead of waiting 45 days for the broker to pay.
A growing fleet factors invoices to add two more trucks’ worth of loads without a cash crunch.
Most factoring programs advance funds the same or next business day after you submit an approved invoice.
No. Factoring advances cash you have already earned against unpaid invoices, so it does not add debt to your balance sheet.
The factoring company collects directly from your broker or shipper, freeing you from chasing payments.
Factoring depends mainly on your customers’ creditworthiness, so it can work even when your own credit is limited.
Book a free consultation with a TruCapital advisor and get a tailored pre-approval — fast, transparent, and built for your business.
