how it works
![1](https://elitedriversystems.com/wp-content/uploads/2024/06/1.webp)
![what is freight factoring](https://elitedriversystems.com/wp-content/uploads/2024/06/what-is-freight-factoring-1.webp)
Unlock immediate funds in
![icon](https://elitedriversystems.com/wp-content/uploads/2024/06/icon.png)
Invoice Submission
Deliver freight and generate invoices for completed deliveries.
![icon (1)](https://elitedriversystems.com/wp-content/uploads/2024/06/icon-1.png)
Quick Approval Process
Submit your invoices to us for quick approval. Our streamlined process ensures a prompt response.
![icon (2)](https://elitedriversystems.com/wp-content/uploads/2024/06/icon-2-1.png)
Cash Advance
Upon approval, we provide immediate payment within 24 hours, helping you cover expenses and maintain your fleet.
![icon (3)](https://elitedriversystems.com/wp-content/uploads/2024/06/icon-3.png)
Collection Management
We handle collecting payments from your clients, managing invoicing and follow-ups to save you time and resources.
![icon (4)](https://elitedriversystems.com/wp-content/uploads/2024/06/icon-4-1.png)
Final Settlement
Once your client pays, we deduct our fee and any charges, then promptly forward the remaining balance to you.
the reasons why
![Frame 25](https://elitedriversystems.com/wp-content/uploads/2024/06/Frame-25.png)
Boost Your Cash Flow
Gain immediate access to funds, ensuring that you have the working capital needed to keep your operations running smoothly.
![Frame 26](https://elitedriversystems.com/wp-content/uploads/2024/06/Frame-26.png)
Minimize Payment Delays
Avoid the frustration of waiting for clients to settle invoices. Our freight factoring service accelerates the payment process, reducing delays.
![Frame 27](https://elitedriversystems.com/wp-content/uploads/2024/06/Frame-27.png)
Risk Mitigation
We conduct credit checks on your clients, reducing the risk associated with slow-paying or unreliable customers.
![Frame 28](https://elitedriversystems.com/wp-content/uploads/2024/06/Frame-28.png)
Flexibility and Scalability
Our services are scalable to accommodate the changing needs of your business. Factor as many or as few invoices as necessary.
![Frame 29](https://elitedriversystems.com/wp-content/uploads/2024/06/Frame-29.png)
Focus on Your Business
With the burden of collections lifted, you can concentrate on your core operations – managing routes, maintaining vehicles, and ensuring timely deliveries.
WHO CAN BENEFIT?
Our freight factoring
services are tailored for:
![card driver](https://elitedriversystems.com/wp-content/uploads/2024/06/card-driver.webp)
Owner-Operators
Independent truck drivers seeking to optimize cash flow and maintain financial stability.
![card company](https://elitedriversystems.com/wp-content/uploads/2024/06/card-company.webp)
Small to Mid-sized
Trucking Companies
Businesses facing cash flow challenges due to delayed payments from clients.
![card startup](https://elitedriversystems.com/wp-content/uploads/2024/06/card-startup.webp)
Startups in the Logistics
Industry
New ventures needing quick access to working capital to establish and grow their operations.