Your Most Frequently Asked Factoring Questions

Factoring is a powerful financial solution that empowers you to optimize your cash flow effectively. With Partners Funding, you can effortlessly convert your outstanding invoices into a thriving checkbook balance. Our services come with a minimal fixed fee and absolutely no monthly minimums, ensuring that you receive your much-needed cash expeditiously.

Recourse factoring is a beneficial option for larger trucking companies that are willing to take on customer credit risk. This program offers the advantage of lower fees and the security of a financial reserve. On the other hand, non-recourse factoring allows Partners Funding to assume credit responsibility, although the factoring fee may be slightly higher. Interestingly, with non-recourse factoring, Partners Funding does not hold any reserve until the invoice is paid. This particular type of factoring is particularly well-suited for trucking companies that operate with one to five trucks.

At Partners Funding, our factoring fees are determined by the amount of invoices you choose to factor each month, the average payment timeline of your customers, and the specific factoring program you select, whether it's recourse or non-recourse.

Partners Funding provides complimentary ACH transfers (direct deposit) within 24 hours of invoice purchase. Yes, you heard it right, absolutely FREE! Additionally, we offer fast same-day wire transfers for a nominal fee.

While it is not mandatory to factor all your customers with Partners Funding, it is important to note that once a customer's account has been factored, it must remain as a factored account. However, if all open invoices are paid, you have the option to request the release of your client. This grants you the freedom to self-bill that customer moving forward.

Partners Funding offers a no-obligation policy without any monthly minimums!

Get started on your funding journey with Partners Funding and experience the speed of our process. Within just 24-48 hours of submitting your completed application and factoring agreement, you could have the funds you need to fuel your business.

Partners Funding provides our valued clients with round-the-clock, unrestricted access to our cutting-edge online customer search engine. Additionally, we extend a warm invitation to our clients to reach out and connect with any of our experienced credit team members at any time.

Partners Funding will need the invoice from your trucking company, the broker's rate confirmation (if applicable), all signed proof of delivery and bill of lading, as well as any additional paperwork required by the customer for invoice payment.

Partners Funding will only request original proof of delivery to buy your invoices if your customer insists on having original proof of delivery to settle your invoices.

While it is necessary for Partners Funding that you operate under your own authority, we gladly collaborate with newly established trucking companies on a daily basis! If you require operating authority, do not hesitate to get in touch with our Authority Department today!

There are no other charges linked to your account, apart from the fees incurred while funding an invoice.