Truck Factoring


40 Years of Great Service – Get the cash you need, when you need it.


  • Not A Loan
  • Simple And Easy To Use
  • No Long Term Contracts
  • No Set Up Fees
  • No Minimum Monthly Requirements
  • Fee Structure on Case-by-Case Basis

If you’re like most companies in the transportation industry, you’re always on the lookout for ways to grow and move forward, including your financing options. In today’s tough economic environment, your truck financing options may be limited.

10-4 Financing, LLC partnered up with the leader in truck factoring and is now a great solution to free up cash flow, and quickly. Trucking companies have been using factoring for decades to get access to the working capital they need without waiting for slow-paying customers. In fact, it’s a funding mechanism that dates back to Europe in the 1400s and traveled to America with the Pilgrims around 1620. Of course, it has evolved over the centuries!

Truck factoring is not a loan, and it’s simple and easy to use. Here’s how it works in a nutshell: you sell us your invoices and we advance you 85-97% or more of their value, often within 24 hours once the initial account setup is done. We then work with your customers to collect on the invoice and when they pay us, we send you the balance, minus our fee.

Since factoring is not a loan, the process predominantly focuses on the financial strength and creditworthiness of your customer, the ultimate debtor. Our fee structure is determined on a case-by-case basis, with the strength of the debtor’s ability to pay and the overall business volume having the largest impact. And at 10-4 Financing, LLC, we do not require long-term contracts, we don’t charge set-up fees, and we don’t have minimum monthly requirements. Our process is proven to be effective. Easy, right?

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Benefits of Truck Factoring

Factoring frees up your cash flow, and in trucking, cash is king. You need a steady source of working capital to purchase fuel, insurance, and equipment, plus meet payroll and those surprise repair bills. Truck factoring enables you to take advantage of business opportunities without waiting for a bank loan decision. Having a factoring partner like 10-4 Financing can make the difference between being able to accept that next job or not, or being able to pay for permits, tags, licenses, and more.

An additional benefit to factoring includes our back-office support, including invoice and payment processing and collection efforts, thus freeing you up to do what you do best and potentially eliminating your need to hire additional office staff.

Who uses factoring? Any company that engages in B2B commerce, issues invoices, and extends payment terms to customers is a candidate. But, it’s an especially good solution for start-up and early-stage businesses, rapidly growing or undercapitalized companies, those that do not qualify for traditional bank loans, or those with seasonal sales. Further, freight factoring can enhance your balance sheet by improving your debt-to-equity and debt-to-asset ratios.

Ready to get started? Contact us online or fill out the form below, and one of our truck finance specialists will be happy to assist. Looking for transportation equipmentconstruction equipment, or trailer-only financing? We can help!

BOTTOM LINE:With 10-4 Financing LLC as your factoring partner, you’ll have the cash you need to grow and succeed.

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Pre-qualify quickly and easily with our online forms, pay a low down payment, and choose your dealership anywhere in the US. We’ll be with you every step of the way!

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Owner-operators understand the freedom and financial rewards that come from driving your own truck. We can assist you with upgrades, buying, and financing.

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If you interested in applying for financing with our company, apply now! We can pre-qualify you and provide you with advice on what type of trucks you should looking for.