Freight factoring turns your net-30 invoices into cash within 24 hours of delivery. When a repair, an insurance renewal, or a second truck needs more than the invoices cover, revenue-based working capital fills the gap. Owner-operators and small fleets, with the total cost spelled out before you sign.
Business-purpose funding for active motor carriers only. No cost and no obligation to ask.
We place most requests with factors and funders that work with motor carriers, and we fund some factoring ourselves. Every offer names who is buying the invoice or making the advance, and how they are connected to us.
Factor rate, total payback, holdback percentage, and the daily or weekly debit, spelled out in dollars before you accept anything. An advance is a tool. It only works when you know exactly what it costs.
If an advance would leave you short on fuel and payroll, we will say so. We would rather tell you to wait than stack you into a position you cannot run out of.
Most brokers and shippers pay in 30 to 60 days. Factoring sells that invoice to us or a partner factor the day you deliver, so the money is in your account while the broker is still processing paperwork.
You choose which loads to factor. No minimum volume, and no penalty for the loads you do not.
Factoring fees typically run 1 to 5 percent of the invoice, depending on volume, the broker's credit, and how long they take to pay. On a $2,500 load at 3 percent, you pay $75 to have the money tomorrow instead of next month.
Non-recourse means the factor takes the loss if a credit-approved broker fails to pay. Recourse is cheaper, but you buy back invoices the broker does not pay. We tell you which you are signing before you sign it.
Factoring requires a notice of assignment to your brokers so they pay the factor directly, and a UCC filing on your receivables. If you are already under contract with another factor, tell us; buyouts are routine, but timing matters.
Payroll, permits, and a slow month do not line up with broker payment terms. An advance sized to your deposits covers the gap without touching your receivables.
A blown engine or a failed DOT inspection takes a truck off the road today. Fund the repair now so the unit is earning again this week, not next month.
Cover a commercial auto down payment or renewal, add a trailer, or put a second driver in a seat. Sized to your monthly deposits, not to a bank's appetite.
Five minutes online. We ask for your MC or DOT number, fleet size, what you invoice each month, and whether you need factoring, an advance, or both. Have recent bank statements and a few rate confirmations ready.
We present your file to factors and funders that work with carriers, or price it ourselves, and bring back the offers, usually within one business day. You see the fee, advance rate, recourse terms, and any debit schedule for each.
Pick the offer that fits and sign. Factored invoices pay within 24 hours of submission; advances land in your business account, often the same or next business day after acceptance.
All approvals, amounts, rates, and terms are determined by the funder. We arrange financing; we do not guarantee it.
Factoring is underwritten on your brokers' credit, not yours. Advances are underwritten on the health of the business. In both cases personal credit is one input, and a strong deposit history matters far more.
Owner-operators with one truck and fleets running fifteen units can both qualify. The advance is sized to what the business actually deposits.
An advance is priced with a factor rate, not an interest rate. Multiply the amount advanced by the factor rate and that is your total payback. A $20,000 advance at a 1.30 factor rate means $26,000 paid back, collected as a fixed daily or weekly debit until it is satisfied.
Because the term is short, the equivalent annual cost is high. That is the trade for speed and approval odds. We will show you the number, and if a bank line, equipment loan, or freight factoring would serve you better, we will tell you.
One rule we do not bend: we will not stack a second advance on top of an existing one without walking you through what the combined debits do to your daily cash.
Give us the basics and a member of the capital desk will call you back, usually within the hour during business hours. Nothing here is an application for credit and nothing obligates you.
Crown Merchant Financial arranges freight factoring, revenue-based financing, and merchant cash advances, and may purchase accounts receivable directly. Factoring is the purchase of a business's accounts receivable at a discount, and a merchant cash advance is a purchase of a portion of a business's future receivables at a discount; neither is a loan and neither is priced with an interest rate. Factoring requires a notice of assignment to the account debtor and a security interest in the receivables. Recourse terms, advance rates, and fees vary by program and are stated in the factoring agreement. Unless we state otherwise in writing, funding is provided by third-party factors and funders. We arrange financing for business purposes only, for operating motor carriers and other commercial enterprises; we do not arrange financing for personal, family, or household use.
We may receive referral compensation from factors and funders in connection with financing we arrange, and this compensation may vary by funder and product. Where state law requires commercial financing disclosures, the funder provides them before you sign.
All approvals, amounts, factor rates, fees, holdback percentages, and terms are determined solely by the funder and are not guaranteed. Timing estimates describe typical experience and are not commitments. Products and services are not available in all states. Nothing on this page is an offer or commitment to fund, or financial, legal, or tax advice.