Freight Factoring

Services Streamlined for Growth 

Don’t wait for brokers and shippers to pay their freight bills. Improve your cash flow and get paid the same day you deliver your load. 

Freight factoring with TBS is simple and helps you grow your business. With over 50 years of experience, our team has developed cutting-edge technology to help you manage your finances on-the-go. Let TBS provide your back-office support so you can focus on keeping those big rig wheels turning.

The days of waiting are behind you.  

With TBS, you’ll receive dedicated customer service and innovative technology tools. 

Services Streamlined for Growth 

Don’t wait for brokers and shippers to pay their freight bills. Improve your cash flow and get paid the same day you deliver your load. 

Freight factoring with TBS is simple and helps you grow your business. With over 50 years of experience, our team has developed cutting-edge technology to help you manage your finances on-the-go. Let TBS provide your back-office support so you can focus on keeping those big rig wheels turning.

The days of waiting are behind you.  

With TBS, you’ll receive dedicated customer service and innovative technology tools. 

What is Freight factoring?

Freight factoring is NOT a business loan. It’s a financing tool that provides you with immediate working capital.  How? You sell us your invoices at a small discount. We pay you cash the same day and then WE wait for payment—not you. 

 

Factoring in Four Simple Steps 

STEP 1

Always pre-approve credit before you accept a load. (With our TBS: Get Paid® app, this process is easy and fast.) 

STEP 2

Gather your paperwork and prepare your schedule.

STEP 3

Submit completed paperwork to TBS. 

STEP 4

We pay you within hours. 

STEP 1

Always pre-approve credit before you accept a load. (With our TBS: Get Paid® app, this process is easy and fast.) 

STEP 2

Gather your paperwork and prepare your schedule.

STEP 3

Submit completed paperwork to TBS. 

STEP 4

We pay you within hours. 

Non-Recourse Factoring vs. Recourse Factoring 

OPTION 1

NON-RECOURSE FACTORING:
TBS TAKES THE CREDIT RISK.

If a customer doesn’t pay due to their own credit or funding issues, TBS takes the loss! We will not come to you for repayment.

Benefits:

No reserve account 

No volume requirement 

No long-term commitment 

No sign-up fees 

No personal credit score minimum 

Free online credit checks 

FedEx Program 

Fuel advance program 

Fuel card 

OPTION 2

RECOURSE FACTORING:
YOU TAKE THE CREDIT RISK.

This option offers lower fees because you take on more risk. If a customer doesn’t pay, you are on the hook for that money. If your company has enough funding to take that risk, recourse factoring may work for you. 

Benefits:

Highest advance rate in the industry 

Pricing can vary by volume and debtor quality 

No volume requirement 

No sign-up fees 

Free online credit checks 

FedEx Program 

Fuel advance program 

Fuel card 

TBS: GET PAID® HANDHELD FINANCE

Our TBS: Get Paid® app is the FASTEST way to get paid after delivering a load. Everything you need to submit your paperwork is at your fingertips, and we’ve expedited the verification process with a GPS-based feature called VeriFast™ that allows you to verify your pick up and drop off locations with one simple click. 

Besides being able to easily factor loads, you can also perform unlimited credit checks, request a fuel advance, track notifications, speak to an account representative 24/7, view your accounts receivable balances, see previously submitted invoices, and much more—all from your phone. 

DOWNLOAD THE APP

TBS Get Paid App
TBS Get Paid App

TBS: GET PAID® HANDHELD FINANCE

Our TBS: Get Paid® app is the FASTEST way to get paid after delivering a load. Everything you need to submit your paperwork is at your fingertips, and we’ve expedited the verification process with a GPS-based feature called VeriFast™ that allows you to verify your pick up and drop off locations with one simple click. 

Besides being able to easily factor loads, you can also perform unlimited credit checks, request a fuel advance, track notifications, speak to an account representative 24/7, view your accounts receivable balances, see previously submitted invoices, and much more—all from your phone. 

DOWNLOAD THE APP

Factoring resources

Don’t wait for brokers and shippers to pay their freight bills...
Freight factoring is a financial tool that provides you with immediate working capital...
A short pay is when the broker/shipper pays less than the invoiced amount (load rate)...
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