What is freight factoring?
Freight factoring is an easy way to manage cash flow for your trucking company. Factoring is money that is advanced on accounts receivable. (Basically, we buy invoices for freight that you’ve already delivered.)
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Better Options. Better Solutions. Better Service.
What to expect when getting started with Apex
When you call Apex, our knowledgeable sales team will get to know you and your company’s needs. They will explain how factoring with Apex works and answer your questions. Then, they can design a custom plan to fit your needs. We have recourse and non-recourse plans, online account management access, lots of paperwork options and much more to help keep your trucking operation running the way you want.
We will also need a completed factoring application to start putting your custom plan together.
After you become an Apex factoring client
A highly-experienced personal account executive will immediately be assigned to you. Your account executive will be with you every step of the way to help you manage your factoring account.
We encourage you to check credit on each of your customers. This is the best way to get the most up to date information so you can determine who you want to haul for and how much you are comfortable hauling.
Choose recourse or non-recourse factoring
- Non-recourse Factoring | Apex takes the credit risk of your customers, which protects you from credit loss.
- Recourse Factoring | You are responsible for payment, regardless of whether your customer pays or not.
Send your freight invoices
There are many options to send your paperwork to Apex. We need your invoice, proof of delivery (POD) or bill of lading (BOL), rate sheet and any other paperwork for loads you haul. Our team will enter and scan every invoice so you have access to them 24/7 on our free account management portal.
Funding Options- Get paid fast. We offer same-day or next-day funding options via ACH, wire, check or directly to your Apex fuel card.
We collect from your customers
At Apex, we treat your customers like we treat you, with respect. We collect on your factored invoices so you have more time to focus on your business and keep your trucks on the road. We have built strong relationships with thousands of brokers, shippers and freight forwarders. Many of them prefer working with Apex to any other factoring company.
- We practice soft collections - which means we deal with your customers in a professional, courteous and non-threatening way.
- We offer online services to help your customers get documents and invoices quickly and make payments faster.