Apex Factoring for Trucking
Apex Factoring for Truckers: The Fastest Way to Get Paid
Now you can get paid even faster with our new blynk™ digital payment system. When you factor your trucking company’s freight bills with Apex, you can receive payment in minutes after your freight invoices are purchased. Plus, those who qualify can use our 24/7 Factoring service to get paid anytime, anywhere through blynk, including nights, weekends, and bank holidays.
- Low, competitive factoring rates
- Same-day and next-day funding
24/7 Factoring– nights, weekends, and bank holidays
- Recourse and non-recourse factoring plans
- Fuel credit lines available when you factor
- Cash Flow Assistance Program
- FREE credit checks and self-funding
- FREE online Account Management Portal (AMP) with 24/7 access
- FREE Mobile Factoring™ app with image capture technology
- FREE fuel card with HUGE discounts on fuel nationwide
- FREE fuel finder
- FREE unlimited access to our exclusive load board, NextLOAD.com
- FREE membership to Apex 24/7 Roadside Rescue™
- No monthly minimum volume fees
- No long-term contracts
- No termination fees
- Professional collections on factored invoices
- A highly experienced account executive to help you manage your account
Ready to Start Factoring Your Freight Bills?
Types of Freight Companies who Factor
We have been factoring freight bills since 1995 for all kinds of trucking companies. Over the years, we often get asked what kind of trucking companies can factor with Apex. We have tools and services to provide value to all trucking companies. Whether your trucking company is large or small, new or experienced, and especially for those hauling any type of freight you can benefit from the legendary service Apex truck factoring provides to help you grow and thrive.
- General Freight
- Intermodal Trucking
- Flatbed Trucking
- Step-deck Trucks
- Refrigerated Freight
- Water Hauling
- Sand Hauling
- Oil & Gas
- Large Equipment
- Auto and Car Hauling
- Hot Shot
- LTL and TL
- Dry Bulk
- And much more…
What is Freight Factoring?
Factoring for trucking companies is all about cash flow. Cash flow keeps a transportation company in business. Freight factoring is about having ready funds for fuel, payroll, repairs, and more. It’s an easy way to manage cash flow for your trucking company. We buy invoices for freight that you’ve already delivered, so it’s money that is advanced on accounts receivable. Freight factoring keeps the cash flowing so you can keep hauling.
Watch our video to learn more about freight factoring.
Apex’s Freight Factoring Service: What to Expect
When you call Apex, our knowledgeable sales team (human beings, not automated voices) will learn about you and your trucking company’s needs. They will explain how factoring with Apex works and answer all your questions. Then, they can design a custom plan. One-size doesn’t fit all at Apex. We have recourse and non-recourse options, 24/7 Factoring, online account management access, back-office support, free mobile app, free fuel cards, and much more. Your questions and concerns will help us create a program that will keep your trucking business running smoothly.
Apex Factoring Client: AWS Transport LLC
“I have thought about this experience of starting a business and I know that it would not have lasted without Apex’s assistance,” says Alvin Seger, Owner, AWS Transport LLC. “Apex is there to make sure that I succeed as I carry my own weight.”
When You Become an Apex Factoring Client
The personal attention clicks in immediately. A highly-experienced account executive will be assigned to you. Your account executive will be with you every step of the way to help you manage your factoring account.
Check Credit on Brokers, Shippers, and Freight Forwarders
The power to check credit on each of your customers is right at your fingertips. Checking credit on all your customers is always highly encouraged. 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. At Apex we make it easy and convenient to check credit on a broker or shipper that you want to haul for. You can use AMP, the Mobile Factoring™ App, email Apex, fax Apex, or call Apex.
Apex Factoring Client: Midnight Express
“The AMP [Apex Account Management Portal] makes it so easy to keep track of everything; I love that website. I can watch the invoices that are outstanding, what is going on with our account, it’s all very transparent.”
Lisa Dahlke, Owner, Midnight Express
Which is Best for You: Recourse or Non-Recourse Factoring?
- Non-recourse Factoring: Apex takes the credit risk, which protects you if your customer doesn’t pay for credit reasons.
- Recourse Factoring: You are responsible for losses if your customer doesn’t pay.
Trucking Invoice Factoring Made Easy
There are many options to send your paperwork to Apex – online submission through AMP, image capture with the Mobile Factoring™ App, emailing, faxing, FedEx, and certified mail. We need your freight invoice, proof of delivery (POD) or bill of lading (BOL), rate sheet, and any other paperwork for loads you haul. Our team will process every invoice so you have access to them 24/7 on our free account management portal.
Funding Options – Get paid even faster!
Now you can get paid in minutes after your freight invoices are purchased. We offer funding options via blynk™, our new digital payment system, ACH, wire, check, or Comcheks directly to your Apex fuel card.
Dugan Transportation LLC
“The mobile app is very convenient for us; I love it. There will never be a week that we don’t have something sent. There is no doubt that it makes the office paperwork part of my job a whole lot easier.”
The Soft Approach: Apex Collects 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.