Freight Factoring 101
Driving Toward Your Financial Success
What are the advantages of
Freight factoring provides trucking
companies with predictable cash flow and
eliminates the uncertainty of waiting to get
paid by your customers. PCG will purchase
your open bills of lading and advance you
cash against them, and give them the
increase cash flow.
Without factoring, truck driver sometimes wait
30, 60, or 90 days to receive payment. PCG
provides cash on trucker’s accounts receivable
within 24 hours of applying.
This is highly beneficial to transportation
companies because it can solve short-term
cash flow issues and help fuel the growth of
Other benefits include:
Freight factoring is easier to get than other forms
Just apply online free of charge and be approved
within 24 hours. PCG is hassle free, unlike bank
loans and long credit checks.
Fast, flexible, and convenient:
Trucking companies and truckers have time
constraints; this is why PCG lets you apply online
via desktop or mobile phone and provides quick,
Take on more loads:
Factoring improves your cash flow and allows
you to take on more loads sooner.
Reduces your credit risk:
Freight factoring is the solution to avoid bad
credit. It is not a bank loan and does not require
a credit check or bankruptcy check.
Accessibility to more offers:
Whether you are an individual trucker or manage
an entire transportation company, once you start
factoring with PCG you are eligible for our fuel
card program and equipment financing.
What is the
invoice factoring process?
in 4 easy steps:
Complete a freight delivery.
E-mail or upload online a
copy of your invoice to PCG.
PCG verifies the freight bill.
Client receives instant cash advance
within the same day.
When is a good time to start
A good indicator is when your business is picking up,
but you see a gap in your cash flow and your
company cannot fund expenses.
Freight bill factoring quickly builds your cash flow so
you can add employees, buy equipment and cover
other expenses that help you meet demand.
When the payment process is too slow.
It is common to be forced to wait 30, 60 or 90 days
for a customer’s payment. PCG provides you with
same-day funding, and we handle the waiting.
Startup companies need to grow their working capital.
Freight factoring gives you the flexibility to grow as a
small business. Instead of shopping for a traditional
bank loan, you can begin factoring immediately. This
gives you more time to focus on more important
aspects of your growing business. Small businesses
use factoring because it is not a loan and your new
transportation company assumes no debt.
Start factoring your
Three ways to begin
factoring your invoices today:
Fill out a contact form
Fill out an application online
Call us at 623-298-3460
Complete one of the options above and
a PCG representative will contact you.