What is Freight Factoring and How Can it Help My Business?

Freight factoring (also known as: accounts receivable factoring or invoice factoring) is the process of selling your unpaid invoices to a factoring company. The factoring company then pays you immediately, and takes on the financial risk of waiting to be paid by your customer. The use of freight factoring is helpful by generating immediate cash – allowing you to focus on growing your company, not about getting paid.

Improve your cash flow, reduce your headaches, and meet current operating costs without incurring debt with PDM Financial freight factoring solutions.

Complete Delivery

Complete Delivery

Book and deliver your load.
Submit Paperwork

Submit Paperwork

Submit your paperwork to PDM. We even create your invoice for you!
Get Paid Fast

Get Paid Fast

We approve and process paperwork same-day to get you funded immediately.

New call-to-action

Why Choose PDM Financial?

PDM Financial is the best of both worlds. With PDM, we offer industry leading factoring services combined with our unbeatable customer service that you can only find with us.

Immediate Payments
Immediate Payments
No more waiting 30+ days to get paid from your customers.
Flexible Funding
Flexible Funding
Flexible payment options by choosing the customers that you factor.
Free Broker Credit Checks
Free Broker Credit Checks
Never worry about customer payment with free, fast, 24/7 credit checks.
Free Collection Services
Free Collection Services
We provide the collections so you can focus on providing quality service to your customers.
Fast Approval
Fast Approval
We approve and purchase invoices same-day.
Fleets of All Sizes
Fleets of All Sizes
Whether your a new authority or a multi-truck fleet, you’ll always get fast funding and unbeatable customer service.
Completely Digital
Free Broker Credit Checks
Never worry about customer payment with free, fast, 24/7 credit checks.
Grow Your Business
Grow Your Business
Fixing cash flow issues will help you grow your business seamlessly.
Download the PDM App
THE EASIEST WAY TO FACTOR

PDM Factoring App

Submit paperwork, check credit on thousands of brokers, and more right from your fingertips. Available now on the Apple and Google Play Stores.

PERSONALIZED ACCOUNT
When you’re a PDM Client, you’ll get a personalized and secure account.

 

SUBMIT PAPERWORK
Scan and submit your paperwork with ease using our built-in image scanning and upload system.
FREE & FAST BROKER CREDIT REPORTS
Check credit on thousands of customers – for free – right from your fingertips.

 

DOWNLOAD OUR APP TODAY
Download the PDM App on Google Play and Apple App stores.

New call-to-action

New call-to-action