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Road Haulage Companies enjoy simple invoice finance solutions.

Freight Factoring for Canadian Trucking

Invoice Discounting & Factoring rates .69% to 1.59%

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Same Day Decisions No Originals Needed Fuel Advances Available Set Up In 3 Days

We Offer 3 Primary Types of Trucking Financing

Small Fleets

(No Monthly Minimum)

Small Fleets

4.9% Flat Rate

Full Advance for Small Fleets

No Up Front Fee to Set Up
No need to over-night mail
Free credit checks online
No monthly minimums
Set up in 3 days
Same Day Funding

Mid to Large Fleets

(10k Monthly Minimum)

Small Fleets

0.69% - 1.59% Rate

Custom Rates Available for Large Fleets

No Up Front Fee to Set Up
No need to over-night mail
Free credit checks online
Set up in 3 days
Same Day Funding
No Financials needed up to 350k

Freight Brokers

(10k Monthly Minimum)

Small Fleets

0.69% - 1.59% Rate

Custom Rates Available for Large Freight Brokers

Online Schedule Payments
Free Credit Checks
ACH or Wires to Carriers
Instant Credit Increases
Set up in 3 days
Must have permits in place

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24/7

Receivable Financing Rates

Starting At 0.69% - 1.59% Or Prime +2% & Admin Fee

  • Quick Approval Process!
  • No Financials up to $350k
  • Easy Set-Up in 3 to 5 Days
  • Over 15 years in business
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Simple & Flexible Factoring for Small to Medium Size Transport Fleets

No Financials Needed - No Admin Fees - No Application Fees - No Monthly Minimum - Free Credit Checks

Freight Factoring is Simple:

  • Instant Cash Flow for your Trucking company.
  • Haul more loads by granting credit terms to new customers.
  • No need to borrow money for fuel, payroll, permits or other expenses.
  • Same day funding on credit approved shippers or brokers
  • We Make Same Day Decisions!
  • We accept 1 Truck operators, credit lines up to $10 million for larger fleets.
  • Large Fleet Revolving Credit lines with Low Flat Fee Rates.

Why Choose Us?

  • We offer Fuel Card Discounts
  • We are flexible in approvals and make same day decisions.
  • We keep it simple - No financials needed, No up-front fees to set up.
  • We provide cash flow to Trucking companies every day.
  • We have affordable factoring rates for all size fleets.
  • We set up your initial funding in 3 to 5 working days.

Most of our Trucking clients are either:

  • Fast growing Freight companies whose past earnings and sales histories will not justify the increased borrowing.
  • Start-up operations with no financing base to rely upon or companies with seasonal or uneven sales patterns.
  • Principals with bad credit and cannot obtain traditional financing.

What type of trucking companies qualify for freight factoring services??

  • Any Freight company can qualify for a factoring receivables credit line if:
    • It hauls for credit worthy shippers or freight brokers.
    • It has not pledged accounts receivable as collateral.
    • Any Freight Broker
  • Trucking Industries Accepted
    • Owner Operators
    • It has not pledged accounts receivable as collateral.
    • Freight Brokers
    • Dump Truck Hauling
    • Long-Haul Truck Load, Local Delivery or LTL
    • Automobile Haulers (case by case basis)

Freight Bill Factoring For Canadian Trucking Companies

The freight industry can only move as fast as its cash flow will allow it. Freight companies that are unable to achieve a sustainable cash flow are going to find it difficult to keep rigs on the road and meet customers' expectations. The shipping organizations with solid financial plans are the ones that have their cash flow issues figured out in advance. How can your freight company get the cash it needs without adding more debt to your bottom line? You need to get involved with an experienced freight factoring company that understands the challenges of your industry and has the flexible freight bill factoring plans that you need.

1st Commercial Credit is a premier freight funding company that has years of experience in turning bills of lading and invoices into immediate cash. We know how important cash is to making sure that your company has the resources it needs to succeed. 1st Commercial Credit has built up a significant part of its prestigious international reputation on the work we do with invoice freight factoring. We are a global provider of invoice factoring services that has an international network of affiliates which allows us to advance cash in up to 17 different kinds of currency. No matter where your customers ask you to ship their products, 1st Commercial Credit can get you the cash flow you need.

Not All Freight Bill Factoring Companies Are Created Equal

The vast array of financial services created by 1st Commercial Credit were developed to help freight companies. We have an Internet-based invoice approval process that allows us to determine the eligibility of an invoice in a matter of minutes. Once we approve an invoice, we can advance you the cash value of that invoice, minus our lending fee, within 24 hours or less. Your freight company does not have time to wait around for approvals of client invoices. You have deadlines to meet and that means you need a finance company that offers the kind of fast and efficient process that 1st Commercial Credit offers.

1st Commercial Credit also offers our shipping clients a fuel discount program that saves you money on the fuel that is so important to your success. We have finance charges that are among the lowest in the industry and we never hit you with hidden fees, ever. We can offer you our invoice factoring services even if your company has tax liens against it and we can also get you cash if you are just coming out of bankruptcy. If your weak cash flow is causing your company credit score to drop, then we can help you to repair your credit and establish a sustainable cash flow that will allow you to meet current financial obligations and look forward towards company growth projects.

Companies That Fund Freight Bills Are Your Secret Weapon

1st Commercial Credit knows how to read a bill of lading and we understand every aspect of a freight bill. We can work closely with your company to create a flexible factoring plan that will turn your outstanding invoices into cash. Your company's receivables should represent the collective financial strength of your organization. We will bring that strength to the forefront and use it as an asset to create a cash flow you can use every day. We are not a bank, so we do not deal in expensive and inefficient loans. Our work focuses on the invoiced sales that your company has generated and how our services can turn those outstanding invoices into cash.

Let 1st Commercial Credit be that financial secret weapon that your freight company uses to find success. We have billions of dollars at our disposal to use through our international network of financial affiliates. We have the strength to advance funds in up to 17 different currencies. Our process begins with an online application that we can approve the same day we get it. After we have set up your approved account, we can verify invoices in a matter of minutes and advance funds in 24 hours or less. This is the kind of financial partner your shipping company needs when you have customers who need your services now and it takes cash flow to keep those customers happy.

Moving Freight Is A Demanding Business

A freight company usually works harder just when everyone else is winding down for the day. During the winter holidays, freight companies are on the road constantly to meet deadlines for clients that are getting ready to shut down for the year. When everyone else is vacationing during the summer, a freight company is delivering the supplies that the best vacations spots need to keep guests happy. There is no such thing as down time in the freight business and there is also no room for a weak cash flow. A freight company needs to have its invoices paid on time if it wants to be able to meet customer expectations.

The financial demands of running a freight company are also significant. Each bill of lading is meant to represent the cash flow necessary to pay drivers, mechanics and meet the company's ongoing financial needs. But when invoices go past due, that can force the freight company owner to seek out alternative financing methods. A bank loan is the wrong kind of financing to help a freight company establish a sustainable and critical cash flow. Invoice factoring through 1st Commercial Credit is not a bank loan, and it has all of the elements that a freight company needs to succeed. As long as your freight company keeps generating bills of lading to creditworthy clients, then you have the collateral you need for a reliable business line of credit.

Get Your Freight Bills Funded By A Strong Financial Partner And Keep Your Rigs On The Road

1st Commercial Credit can help out any kind of freight organization. We have years of experience with reefers, long haulers, heavy haulers and oil field truckers as well. We have amassed billions of dollars in financial resources that we know how to put to good use for your small to medium sized freight company. Our fuel discount program is the perfect enhancement to your operations and will help you to save money. We will also help you save money by allowing you to operate without the need for expensive bank funding. Our flexible funding programs benefit your company and give you the kind of financial foundation you need to find success.

Each freight customer has very specific needs that the shipping company must be aware of in order to meet the customer's needs. 1st Commercial Credit knows that every freight company is different as well and we have all of the experience and resources necessary to keep your operations flowing smoothly. No matter what kind of credit situation your company may have or what kind of financial problems you are facing, we have the invoice factoring services necessary to turn your outstanding invoices into cash. Stop relying on inconsistent and expensive bank funding to keep your trucks on the road. Contact 1st Commercial Credit today and get the process started on your own account that can have invoices approved in minutes and deposit cash into your account in 24 hours or less.

Request a Call back

24/7

Receivable Financing Rates

Starting At 0.69% - 1.59% Or Prime +2% & Admin Fee

  • Quick Approval Process!
  • No Financials up to $350k
  • Easy Set-Up in 3 to 5 Days
  • Over 15 years in business
Click Here for a Quote
1st Commercial Credit Provides Asset Based Lending, Purchase Order Financing and Factoring to Canada: