As the owner of a trucking company, you might feel like you’re playing a constant waiting game when it comes to being paid. Receiving payment for an invoice may take weeks, even months. Unpaid freight bills can wreak havoc on your cash flow and limit your business’s growth, which may have you wondering whether trucking factoring companies can help.

Trucking factoring companies—also known as freight factoring companies—give you an advance on your outstanding invoices, and they collect the payment from your customer when the invoice is due. Additionally, trucking factoring companies can often take the risk of nonpayment off your shoulders—for a price.