Whether freight carrier or broker we have just the right solution for you.
Are your clients on terms of 30, 60 or even 90 days, leaving you without the needed income to close new business or pay your drivers?
As a freight broker or carrier, you know the frustration of waiting for payment. With Meritus Capital, you can receive funds upfront and focus on your business.
Submit your paperwork
Get started with transportation factoring by submitting your invoices for review. Simply provide your rate confirmation and bill of lading.
Get Paid
Once approved, receive payment from the factoring company upfront, providing you with the cash flow you need to keep your business running smoothly.
Payment Collection
The factoring company takes care of collecting payment from your client, giving you the peace of mind to focus on your operations.
Final Payment to You
After your client pays the invoice, the factoring company releases the remaining funds to you, minus their fee. Enjoy stable and reliable financing with transportation factoring.
The percentage of the invoice value that the factoring company will advance to your business. Generally our payroll funding clients are advanced between 90%-95% upfront.
This can depend on customer creditworthiness, concentration and other risk factors.
This is the fee charged by the factoring company. It is deducted from the invoice when the payment is received.
Example:
If the invoice value is $100, advance is 90%, and the factoring fee is 1.5%, your business will receive $90 today and $8.5 when the bill is collected.
The key benefit of payroll funding is that a business owner will always have access to 90%-95% of billed hours before payroll is run.
This way, you can continue to grow your temporary staff without being held back by cash flow restrictions.
Leave your contact info and our representative will reach out to you or simply call us at (877) 648-3709
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