WEX Capital provides factoring services tailored specifically for the trucking industry. This financial tool allows trucking companies to receive payment for their invoices quickly, typically within 24 hours, instead of waiting 30-90 days for customers to pay. By selling their accounts receivable to WEX Capital at a slight discount, trucking businesses can improve their cash flow, manage operating expenses more effectively, and focus on growing their operations.

Key Features

Fast Funding Receive payment for invoices within 24 hours

• Same-day funding available
• Immediate access to working capital

Flexible Factoring Options Customizable programs to fit your business needs

• Choose which invoices to factor
• No monthly minimums or invoice funding limits

Easy Invoice Management Streamlined process for submitting and tracking invoices

• Mobile app for uploading invoices on-the-go
• Web-based tools for 24/7 account access

Benefits

Improved Cash Flow Steady income to cover operational expenses

• Pay for fuel, maintenance, and payroll on time
• Take advantage of early payment discounts from suppliers

Reduced Administrative Burden Outsource invoice collection and credit checks

• Focus on core business operations
• Minimize time spent on accounts receivable management

Growth Opportunities Access to working capital for expansion

• Invest in new equipment or hire additional drivers
• Take on larger contracts without cash flow concerns