Welcome

Pioneer Factors is a Trucking Factor and Freight Bill Factoring Company serving the United States. Pioneer Factors provides Factoring for Trucks and Accounts Receivable Financing options for Trucking Fleets that haul a wide variety of cargo.

At Pioneer Factors, we are committed to providing the best quality Freight Bill Factoring service possible. Our approvals are the fastest in the Freight Factoring industry. We will get you approved for Freight Factoring within 1 hour. It only takes as little as a 5-minute investment of time to learn how Trucking Factoring can get you the cash you need to be successful.

At Pioneer Factors we understand the Trucking business. Over the years, our Factoring for Trucks programs have helped thousands of fleets with their cash flow needs. Our success comes from the fact that we understand that every trucking company has different needs and we customize those needs accordingly with our Freight Factoring programs.

Pioneer Factors has the lowest Truck Factoring rates and the highest cash advance rates in the country. We are proud of that distinction. One of the main reasons we have good rates is that we spend the time to customize a Trucking Factoring deal that is right for you. You will get the cash you need to provide the excellent service your customers have come to expect from you.

Pioneer Factors knows trucking. We understand the difficulty of finding good paying freight. We know what it’s like to wait to be paid. Our Freight Factoring service is designed to take the pain out of running a Trucking Fleet. We know who has good freight. We know which Freight Brokers are paying on time. We can help you find those good loads and build your business.

Pioneer Factors Truck Factoring customers receive a free online subscription to FreebrokerCredit.com, America’s leading Freight broker credit reporting service. This service allows dispatchers the ability to check Freight Broker Credit real time 24 hours a day 7 days a week.

If you are running 2 trucks or 1000 trucks, Pioneer Factor's Factoring for Trucks customers can take advantage of the all the options the 24-7 fuel card has to offer including where you can purchase your fuel. The 24-7 Fuel Card is accepted at the leading Truck Stops, Fuel Stops, and Travel Centers Nationwide including Flying J, Petro Truck Stops, Pilot Travel Centers, Travel Centers of America, Wilco Hess Travel Plazas, and other fine Truck Stops.

The 24-7 Fuel Card Offers

Pioneer Factors Freight Bill Factoring Process

Freight Bill Factoring is a financial transaction whereby a business sells its accounts receivable (invoices) to a Freight Factoring Company at a discount in exchange for immediate cash.

Factoring for Trucks is different from a bank loan in two significant ways. First, the Trucking Factor places the emphasis on the value of the receivables, not necessarily the firm’s credit worthiness or fixed assets. Second, factoring is not a loan – it is the purchase of a financial asset (the receivable). The receivable is a financial asset associated with the debtor’s liability to pay money owed to the seller for work performed or goods sold. The seller sells its invoices (the receivables) at a discount to the Freight Bill Factoring to obtain the cash needed for day-to-day operations.

The sale of the receivables (or invoice) transfers ownership of the receivables to the Trucking Factoring company. The account debtor is then notified of the sale and then remits payment directly to the Freight Bill Factoring Lockbox.

There are three integral parts to a factoring transaction:
1. The Fee - This is the amount you will pay for the service. Most Freight Bill Factoring companies will charge you a Factoring Fee, also known as a service charge, as well as interest based on how long it takes the debtor to pay.
2. The Advance - This is the percentage of the face value of the invoice you will be paid upon purchase of the invoice by the Truck Factoring company.
3. The Reserve - This is the remaining balance of the total invoice amount, held until payment by the debtor is made in full.

Invoice Factoring is known by many different terms including; Freight Bill Factoring, Freight Factoring, Factoring for Trucks, Trucking Factor, Trucking Factoring, Freight Broker Factoring, Truck Factoring and many more.

At Pioneer Factors we offer our Freight Factoring service to a wide variety of small to mid size companies. We have earned a reputation for providing world-class service to companies who need Factoring lines for their businesses. When searching for Freight Bill Factoring, look no further than Pioneer Factors Freight Bill Factoring.

Freight Bill Factoring is simple. Send us your Freight Invoices and get paid the same day. Pioneer Factors will directly deposit the money into your bank account or fuel account as soon as you send us your Freight Bills. Our advances are the highest in the Trucking Factoring industry. Don’t settle for the low advances that other Freight Factoring companies offer. Get the most cash from your Freight Bill Factoring by partnering with Pioneer Factors, the premier Trucking Factoring Company in the country. When you make the decision to begin Freight Bill Factoring, call Pioneer Factors. Join the hundreds of Trucking companies and Freight Brokers who benefit from Factoring for Trucks. Work with a Truck Factoring company that understands transportation and the Trucking industry.

Pioneer Factors, the premier Trucking Factoring Company in the country

"Pioneer Factors program for Freight Bill Factoring is helping me tremendously. I like to get my cash advanced the same day."
Mark - IL

"I never would have believed that I would find all the Trucking Factoring resources I needed in one place! Pioneer Factors handles my Freight Bill Factoring with ease, and is a dream to work with."
Fran - PA

"Our Freight Factoring aging is looking good, thanks to the close relationship we have with Pioneer Factors."
Dan – MN

"Pioneer Factors does a great job, they Factor Trucking Invoices with ease, saving me a lot of time. Time I can spend finding good paying Freight."
Millie – SD

“Pioneer Factors is a really big part of our Trucking Factoring and Freight Broker Factoring process, they advance cash in less then one hour!"
Tony – WI