Freight factoring allows trucking companies of all sizes maintain steady cash flow and respond to business expenses by providing owner operators an advance on accounts receivable.
Phoenix Capital Group provides services for both new and established trucking companies. Freight factoring lets drivers respond to expenses like payroll, fleet fuel and maintenance without having to wait for payments to process. PCG purchases invoices from trucking companies after the freight has been delivered, then gives the company cash almost immediately.
It is too common for trucking companies to have to wait 30, 60 or 90 days before receiving invoice payment for loads hauled. PCG purchases an invoice and provides often same-day funding*. Depending on the freight invoice, a driver may receive advances from 90% to 100% of the invoice value*.
Phoenix Capital Group has competitive freight factoring rates, no long-term contracts and alert account managers. We partner with independent trucking companies and fleets of all sizes to help simplify and strengthen their trucking operations. Regardless of an owner’s fleet size and sales volume, we can help cash flow by purchasing driver’s invoices and giving immediate cash.
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*Disclaimer: This website is for information purposes only and is not intended as financial or legal advice, and does not guarantee any factoring rates or funding timing. The accuracy of any calculations or rates are not guaranteed, for accurate calculations, rates and advice please call Phoenix Capital Group, 623-298-3450.