Freight factoring, or transportation factoring, is a process in which you deliver a load and sell your invoice to Prime. We pay you within 24 hours so you can move on to the next load and leave the collections behind. It’s faster and easier than waiting on a logistics broker to pay you, and it beats the cost of quick pays, which can be upwards of 5% of your invoice.

Invoice factoring, or invoice financing, is for B2B businesses that invoice their customers and receive payment on terms. At Prime, we will purchase your customer invoices, enabling you to receive most of the invoice cash value immediately rather than waiting weeks or months to get paid.

A factoring line of credit (FLOC) is a credit facility with Prime that’s based on outstanding invoices and the credit worthiness of your clients. Prime will increase and decrease your FLOC with your outstanding accounts receivable.