Accrue Factoring, Inc- Financing Type

Financing Options for Freight Brokers, Owner-Operators, and Trucking Companies

At Accrue Factoring, Incorporated, we understand the unique challenges freight brokers, owner-operators, and trucking companies face when managing cash flow and funding business growth. As an online factoring company, we specialize in helping businesses in the transportation industry secure the capital they need to thrive.

Here are the financing solutions we offer or can help you explore:

1. Freight Factoring (Invoice Factoring)

What is Accounts Receivable Financing?

Accounts receivable financing, including freight factoring, provides immediate cash flow by allowing businesses to sell or finance their outstanding invoices for working capital. At the heart of what we do, we purchase your unpaid invoices at a discount, giving you access to funds right away without waiting 30, 60, or even 90 days for customer payments, whether by selling the asset or using the invoices as collateral for a loan.

Benefits:
- Quick and reliable funding.
- Funding in 2 to 5 days.
- Simplifies cash flow management.
- No need to take on debt.
Finance: $10,000 to $5 million.
Terms: 6 months to 10 years.
Perfect for: freight brokers and trucking companies looking to cover fuel, payroll, and other operating expenses.
What do you need to qualify?
- Minimum Outstanding Account Receivable: To qualify for AR financing, a minimum of $100,000 in outstanding B2B Accounts Receivable aged up to 90 days is required.
- $500,000 in Annual Gross Sales: The minimum revenue to qualify for AR Financing is $500,000+ in annual gross sales.
- No Minimum FICO: We have financing options for all credit profiles. There is no minimum FICO score required to apply.

2. Equipment Financing

What is Equipment Financing?

Need to upgrade your fleet or invest in new equipment? Equipment financing is a way for businesses to obtain equipment through a loan or lease. It can be used to purchase almost any tangible asset for a company. Some examples of equipment that can be financed include medical equipment, office furniture, production equipment, and technology.

Benefits:
- Fast Funding
- Flexible payment options
- Enables you to scale your operations.
Finance: $10,000 to $5 Million
Terms: 12 months to 5 years
Perfect for: owner-operators and trucking companies looking to expand their business.
What do you need to qualify?
- No Minimum Time in Business: You can qualify for our top financing options, regardless of the age of your business. Companies with under two years in business are capable of $50,000.
- No Minimum Monthly Gross Sales: You can qualify for equipment financing with no minimum monthly gross sales.
- Credit Requirement Vary Based on Equipment: We have financing options for all credit profiles. The minimum FICO score required to apply is 580. All equipment financing transactions are based on the following: time in business, FICO, equipment type, annual revenue, industry, geographical location, and other compensating factors.

3. Business Lines of Credit

What is a Business Line of Credit?

A business line of credit is a flexible financing option that allows businesses to borrow funds as needed, similar to a credit card. Interest is paid only on the borrowed amount, and funds can be used for various purposes like managing cash flow or covering unexpected expenses. Once repaid, the credit becomes available again, making it a revolving form of credit that can be accessed repeatedly.

Benefits:
- Same-day funding
- Ideal for covering short-term needs.
- Revolving access to funds for repairs, maintenance, or seasonal slowdowns.
Finance: $10,000 to $5 Million
Terms: 6 months to 10 years
Perfect for: companies needing extra flexibility without committing to a fixed loan.
What do you need to qualify?
- 6 + Months in Business: You can qualify for our top financing options with as little as 6+ months in business.
- $10,000+ Monthly Gross Sales: The minimum revenue to qualify for financing options is $10,000 per month or $120,000 in annual gross sales.
- 600 FICO Score: We have financing options for all credit profiles. The minimum FICO score required to apply is 600.

4. Fuel Cards and Fuel Advances

Fuel expenses are one of the largest costs in the transportation industry. With fuel cards and advances, you can manage these expenses more effectively.

Fuel Cards Competitive Features

Discounted Fuel Rates:
- Partner with major fuel providers to offer discounts of $0.10–$0.50 per gallon depending on location and volume.
- Provide tiered savings based on monthly fuel usage.
No/Low Monthly Fees:
- Offer fee-free cards for the first year or waive fees if usage exceeds a set monthly limit.
Flexible Payment Terms:
- Allow net payment terms (e.g., Net-7 or Net-14) to give clients time to pay off balances without penalties.
Rewards Program:
- Introduce cashback or points on fuel and truck-related purchases.
Real-Time Tracking:
- Enable fleet managers to monitor fuel spending and usage via a mobile app or web dashboard.
Universal Acceptance:
- Ensure cards are accepted at major fuel stations nationwide.

Fuel Advances Competitive Features

Advance Amount:
- Provide up to 50%–60% of the invoice amount in advance, allowing flexibility for clients to manage immediate fuel needs.
Flat or Tiered Fees:
- Set competitive rates between 2% and 5% per transaction based on the advance amount and repayment timeline.
Repayment Terms:
- Offer repayment terms aligned with invoice payment cycles (e.g., 30-60 days).
Speed of Funding:
- Guarantee same-day or next-day advances to provide instant cash flow relief.
Low Minimums:

Eliminate high minimum invoice amounts to make advances accessible to smaller carriers and brokers.

Benefits:
- Access to cash or discounts for fuel purchases.
- Simplified expense tracking.
Perfect for: trucking companies and owner-operators managing daily operating costs.

5. SBA Loans

What is an SBA loan?

An SBA loan is a government-backed loan that can be used to start or expand a business. The loan has certain requirements for eligibility, such as size standards, proving the ability to repay the loan, and solid business purpose. The SBA works with specific lenders to offer their programs, which eliminate the risk from the lender since they are backed by the government.

Benefits:
- Low interest rates.
- Funds in as little as 45 days.
- Extended repayment terms.
Finance: $50,000 to $5 million.
Perfect for: established companies seeking long-term financing.
What do you need to qualify?
- 2+ Years in Business: You can qualify for our top financing options with as little as 2 years in business.
- $120,000 in Annual Gross Sales: Minimum $120,000 in annual gross sales.
- 675+ Credit Score Required: We have financing options for all credit profiles. To qualify for funding from the SBA, a 675+ credit score is required.

6. Asset-Based Loans

Leverage your existing assets, such as trucks, trailers, or accounts receivable, to secure financing for your business.

Benefits:
- Larger funding amounts are based on asset value.
- Flexible use of funds for growth or debt consolidation.
Perfect for: Businesses with valuable assets and significant capital needs.

7. Merchant Cash Advances (MCAs)

What is a merchant cash advance/working capital?

A merchant cash advance isn’t technically a loan but rather a cash advance that is paid back by withdrawing a percentage of your credit sales, typically daily. Since a merchant cash advance is based on a certain percentage of the daily balance, the more credit card sales a business does, the faster they can repay the advance. On the other hand, during times of slow business, the payback would be reflective of the incoming cash flow.

Benefits:
- Same-day funding.
- Fast funding with minimal credit requirements.
- Flexible repayment tied to revenue.
Finance: $10,000 to $5 million.
Perfect for: companies needing immediate capital for emergencies or growth opportunities.
What do you need to qualify?
- 3+ Months in Business: You can qualify for our top financing options with as little as 3+ months in business.
- $10,000 in Monthly Gross Sales: You can qualify for our top financing options with as little as 3+ months in business.
- No Minimum FICO: We have financing options for all credit profiles. There is no minimum FICO score required to apply.

8. Term Loans

Term loans provide a fixed loan amount with predictable payments over a set period, making them ideal for planned business investments.

Benefits:
- Consistent repayment schedule.
- Supports large purchases or expansions.
Perfect for: Businesses planning for growth or major upgrades.

9. Lease Purchase Financing

Lease-to-own programs are designed to help you acquire trucks, trailers, or other equipment without needing a large upfront investment.

Benefits:
- Affordable monthly payments.
- Ownership at the end of the lease term.
Perfect for: Owner-operators starting or rebuilding their credit.

10. Grants and Government Programs

Use grants or incentives for clean energy initiatives or small business development.

Benefits:
- No repayment is required.
Perfect for: companies investing in environmentally friendly vehicles or projects.

Why Choose Accrue Factoring, Incorporated?

At Accrue Factoring, we make it our mission to help freight brokers, owner-operators, and trucking companies grow and succeed. Whether you’re looking for immediate cash flow, upgrading your fleet, or managing operational costs, our team is here to guide you toward the right funding solution.