Freight Factoring Solutions

Lightning-Fast Invoice Factoring for
Trucking Companies

No more waiting 30, 60, or 90 days for brokers to pay. Get your money in as little as one hour. Fuel up, pay drivers, and keep your trucks rolling without missing a beat.

Express Funding

Access your money even within an hour on qualified loads.

Simple, Fair Pricing

Upfront, easy-to-understand pricing with competitive rates that keep your cash flow predictable.

Expert Assistance

Get fast, knowledgeable and dedicated support whenever you need it to keep your business moving.

Why Choose XLerate

Fast, hassle-free freight factoring – Because cash flow shouldn't be complicated

With over 30 years of combined trucking and factoring experience, XLerate Financial delivers the speed, transparency, and personal service that trucking companies need to keep their fleets moving. We're not just a factoring company – we're your financial partner on the road.

About Us

About XLerate Financial

We understand the challenges you face because we've been in the trucking industry ourselves.

Personal Portfolio Manager

Every client gets a dedicated account manager who knows your business. One point of contact for all your factoring needs, with exceptional service tailored to your requirements.

Efficient Operations

Our operations team handles funds, billing, and collections efficiently. We use advanced technology and best practices to ensure fast, smooth transactions so you can focus on running your trucks.

Technology-Driven Solutions

Technology drives the future of trucking. We invest in innovative solutions to eliminate errors and simplify your factoring process, helping you grow your business without the hassle.

Freight Factoring and More

Get more of what your trucking business needs

Beyond factoring, we provide tools and services to help your fleet thrive.

Lightning-fast cash

Get funded in as little as one hour after approval

Easy-to-use online portal

Submit invoices and manage your account from anywhere

Reduce operating costs

Streamline your back-office with our efficient processes

How It Works

Convert invoices into cash in no time

Three simple steps to get your money faster.

Service delivery

Deliver the load to the customer and notify your broker about it.

Submit Your Invoices

Instead of waiting for slow-paying customers, submit your invoices to XLerate and get paid sooner.

We Verify & Fund

XLerate verifies the invoice and funds your account – you can get paid in as little as one hour.

Your Broker Pays Later

Your broker pays the invoice to XLerate on their usual terms. You get capital upfront.

Testimonials

What Our Clients Say

Hear from transportation companies who trust Xlerate Financial

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“As a carrier in trucking business, we have experienced different factoring companies, but so far XLerate is one of the best we experienced: fast, professional, reliable and always answering clients questions, calls and messages, which is so important for us!””

Anna

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“XLerate's team possesses a wealth of knowledge in the transportation industry, making it an invaluable asset when it comes to money factoring for trucking companies. (...) Despite being a two-truck operation, they always treat me as if I had 100 trucks. They go above and beyond to ensure that my company receives the same level of attention and support as any larger operation. (...) Their professionalism, knowledge, and genuine care for our business have made a significant impact on our growth and success. (...)”

Roy

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“Having navigated the challenges of cash flow management as a small business owner, I am profoundly grateful for the invaluable support and service provided by XLerate Financial. (...) They guided me through the factoring process seamlessly, ensuring that I could easily submit invoices and access the necessary funding in a timely manner. (...) Thanks to XLerate Financial, I now possess the financial flexibility to capitalize on new opportunities and drive the growth of my business with confidence.”

Aisha

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Brandon

Our Network

Trusted Partners

FAQ

Frequently Asked Questions

Everything you need to know about freight factoring

Freight factoring is a financing solution designed specifically for the transportation industry. Trucking companies sell their unpaid invoices (accounts receivable) to the factoring company at a discounted rate in exchange for immediate cash. A transportation factoring company is a financial institution that focuses on serving trucking companies and freight carriers, helping them avoid waiting 30 or more days to receive payment after completing deliveries. This widely used approach helps maintain steady cash flow and keeps operations running efficiently.

At XLerate Financial, getting to know your business is our top priority. As a logistics factoring provider, we focus on delivering flexible solutions that support your company's growth and evolving needs. After we connect and go over the short list of documents needed to proceed, we can typically make a decision the same day. Our clients value our speed, transparency, and the freedom of not being locked into long-term contracts.

The cost of freight factoring depends on the volume and value of invoices we manage and collect on your behalf. Contact us today for a free quote.

With XLerate, factoring is fast and straightforward - once you submit your invoices, you can get paid in as little as one hour. Our portal allows you to verify brokers and get pre-approved before accepting a load. Here's how the process works: • Broker pre-approval: Verify broker in advance through our portal or before accepting load. • Service delivery: Deliver the load to the customer and notify your broker about it. • Invoice creation: Easily create an invoice via our portal. • Submit documents: Upload Rate Confirmation, POD/BOL and supporting paperwork to Xlerate. • Factoring review: We verify the invoice. • Get paid fast: Once approved, you receive your payment. • Collections handled: Xlerate takes over the responsibility of collecting payment directly from your broker. This way, you avoid waiting 30+ days to get paid while we handle the back-office collections, helping you maintain consistent cash flow and focus on running your business.

What is recourse factoring? Recourse factoring is a type of factoring agreement in which a trucking company sells its invoices to a factoring company with the understanding that if an invoice remains unpaid after the recourse period (usually 60–90 days), the trucking company is responsible for repurchasing the invoice. Recourse factoring is the most widely used type of factoring because it is more flexible, cost-effective, and allows faster access to cash compared to non-recourse options. It’s a practical solution for carriers who want to maintain steady cash flow without long-term commitments. What about non-recourse factoring? Non-recourse factoring provides an added layer of protection, where the factoring company assumes the risk of non-payment under specific circumstances, such as customer insolvency. However, there is no universal definition for when a factoring company is fully liable, and this type of factoring typically comes with higher fees.

At XLerate, we pride ourselves on providing friendly, reliable, and personalized support to help your business thrive. Our team is always ready to answer questions, guide you through the factoring process, and ensure everything runs smoothly. From getting started to managing your account, we are here to make your experience easy and focused on keeping your business moving forward.

Still have questions?

Let's Talk

Ready to Improve Your Cash Flow?

Fill out the form and our team will get back to you within 24 hours. No long-term contracts, no hidden fees – just fast, reliable factoring.

[email protected]

Phone

(314) 528-4470

Mailing Address

4824 Park 370 Blvd
Hazelwood, MO 63042

Lightning-Fast Invoice Factoring forTrucking Companies