Transportation Invoice Factoring and Fuel Funding
Fuel costs, driver wages, and maintenance do not wait for freight bills to clear. Get funded in 24 hours and keep your fleet moving.
The Transportation
Cash Flow Problem
Fuel is purchased before a load is delivered. Driver wages are due every week. Insurance, maintenance, and lease payments do not pause. But freight brokers and shippers routinely take 30, 60, or 90 days to pay freight bills that have already been earned.
That gap is where trucking businesses stall. Unable to take on new loads, cover operating costs, or keep trucks on the road because cash is tied up in unpaid invoices. Freight factoring converts those invoices into immediate cash, so your operation does not have to wait.
What You Get With Meritus Capital
Up to 95% Advance
On approved freight invoices, funded within 24 hours.
1 to 3% Factoring Rate
Depending on volume, client payment terms, and invoice cycle.
Scales With You
Your funding line grows as your invoice volume grows. No re-application needed.
How Freight Factoring Works With Meritus
Submit Your Load Documents
After delivery, submit your Bill of Lading (BOL), Proof of Delivery (POD), and freight invoice to Meritus Capital.
Receive Your Funds
We advance up to 95% of the freight bill value, typically within 24 hours. Cover fuel, wages, and operating costs without waiting.
We Handle Collections
We collect from your freight broker or shipper when the invoice is due. Once settled, we release the remaining balance to you minus our service fee.
Who Meritus Capital Works With
Trucking Companies and Fleets
Whether you run a few trucks or a large fleet, freight factoring gives you consistent cash flow to cover operating costs and take on more loads without waiting on broker payments.
Owner-Operators
No years-in-business requirement. Approval is based on your brokers' and shippers' creditworthiness, not your personal financial history.
Freight Brokers
Pay carriers on time and protect those relationships while waiting on shippers to settle within 30 to 60 days.
Why Trucking Companies Choose Meritus Capital
24-Hour Funding
Freight invoices funded within 24 hours of submission.
Transaction-based
Sell invoices as needed. No debt incurred.
Dedicated Account Manager
One person who knows your lanes, your clients, and your payment cycles.
Free Credit Checks
Check the broker and shipper's creditworthiness before you accept a load.
Frequently Asked Questions About Freight Factoring
What is transportation factoring?
Transportation factoring, also called freight factoring, is a financial service where a trucking company sells its outstanding freight invoices to a factoring company for an immediate cash advance. The factoring company collects from the freight broker or shipper when the invoice is due, then releases the remaining balance after settlement minus a service fee. It is not a loan.
What is a good factoring rate for trucking?
Freight factoring rates typically run between 1% and 3% of the invoice value, depending on monthly volume, client payment terms, and whether you choose recourse or non-recourse factoring.
What is the difference between recourse and non-recourse freight factoring?
With recourse factoring, you buy back the invoice if your client does not pay. With non-recourse factoring, Meritus absorbs the loss if your client becomes insolvent. Recourse factoring carries lower rates; non-recourse offers more protection at a slightly higher cost.
Can owner-operators qualify for freight factoring?
Yes. Meritus Capital works with owner-operators from their first load. There is no years-in-business requirement. Approval is based on your brokers' and shippers' creditworthiness, not your personal credit score.
Do I have to factor every load?
No. You choose which loads to factor. There is no obligation to submit every invoice.
Do freight brokers use factoring?
Yes. Freight brokers use factoring to manage the gap between paying carriers and collecting from shippers. Meritus Capital advances against broker invoices so carriers get paid on time and brokers can take on more volume.
Ready to Keep Your Fleet Moving?
Join transportation businesses across North America that rely on Meritus Capital for 24-hour freight bill funding and flexible terms built for the speed of trucking.
Questions? Call 877-648-3709
More questions? We're here to help.
Send us a note and our team will reach out to you or simply call us at 877-648-3709