How factoring works
Accelerate!
Freight bill factoring is an effective, low-cost business tool for trucking companies that eliminates the gap between billing and collections.
CASHWAY FUNDING - How factoring works
Accelerate!
Freight bill factoring is an effective, low-cost business tool for trucking companies that eliminates the gap between billing and collections.
Achieve business success & never look back
Use Cashway to get paid for every load you haul on the same day you deliver. We deliver top-quality business funding services at great low prices, so you never have to worry about collecting payment for your freight invoices.
Business funding, when & where you want it
If you are looking for a fast, simple & affordable way to get paid for every load you haul on the same day you deliver it, Cashway is for you!
A Cashway Funding factoring account gives your trucking business the option of collecting same-day payment for your freight bills, so you won't ever need to invoice your customers or wait weeks and months to get paid for your services.
To factor an invoice for same-day funding, simply upload, email or fax your completed delivery paperwork & rate confirmations to Cashway instead of invoicing your customer directly. Cashway sends funding to your business the same day and handles all of the billing and collections with your customer on your behalf.
Use your Cashway factoring account as often or as little as you wish. The money you receive when you factor freight bills with Cashway is payment in full for your freight invoice. It is not a loan- there is no debt created and there is nothing to pay back.
Choose to receive funding directly into your business checking account by ACH direct deposit, wire transfer or RTP® Network transfer. You can also receive funds by fuel card, Comdata Express Codes, and more. You are always welcome to split payments between as many funding methods as you like.
You control the funding process
Freight bill factoring with Cashway does not interfere with your business operations or slow anything down.
When you want to factor a load, find a load for your trucking business the same way you normally do, then pick up and deliver as usual. After you deliver, send Cashway your rate confirmation and proof of delivery by uploading documents to us directly through our secure web portal or you can send them to us by email or fax. Send as many loads at a time as you want!
When your freight bill documents arrive before 3pm Atlanta time, they are processed in-house by our Operations Team immediately and funding will be sent to you the very same day using the funding methods you request.
We handle the rest, including all the billing & collections. It's that simple!
White glove service all the way
Premium-level account features all come standard with every Cashway factoring account
No charge for faster funding
Immediate processing of your freight bills for same-day funding is standard for all Cashway factoring clients, no extra charge.
No per-invoice fees
No per-invoice processing fees or hidden charges. You can factor as many invoices as you want without ever having to worry about hidden fees.
Free load boards
Access dozens of free load boards you can use to build a stronger customer base, find more freight and work with better-paying brokers.
Switch plans for free
As you business circumstances change, you can upgrade & customize your factoring account to match every new opportunity. Changes are always free.
All-day processing services
Invoice funding is performed continuously through the day and there is no additional charge for expedited service. No more waiting!
Back-end office support
Every Cashway factoring account includes unlimited back-office support services from an experienced team of highly-trained billing & collections professionals.
Online business intelligence
Unlimited free access to our secure online factoring web portal is always included. Create custom factoring transaction reports, check broker credit and much more, 24 hours a day.
Big fuel discounts
Enjoy the same cost-plus pricing as large fleets, without having to guarantee minimum purchase volumes or use expensive credit cards or lines of credit.
More ways to receive funds
Get paid the way you want and make sure your money arrives exactly when & where you want it. Choose from ACH direct deposit, same-day wire transfer, RTP® Network, Comdata, fuel cards and more.
Create an account for free to get started
Trucking business owners can create a Cashway account in minutes at no charge, then factor freight bills with Cashway as often or as little as you wish. We don't force our factoring clients to do business with us (like the other factoring companies do), and clients only pay for what you use. Cashway factoring accounts have no startup fees, no monthly or annual fees and there is no charge if you do not factor a minimum number of invoices.
You can create your factoring account online and setup takes just a few minutes. We can often begin funding your trucking business the very same day. No long-term contract is required.
Cashway factoring accounts are available with no long-term contract, no monthly minimums, no personal credit check & no debt to pay back