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
Book and deliver your load.
submit paperwork
Submit your paperwork to PDM. We even create your invoice for you!
get paid fast
We approve and process paperwork same-day to get you funded immediately.
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 at a family-owned company.
Immediate Payments
No more waiting 30+ days to get paid from your customers.
Flexible Funding
Flexible payment options by choosing the customers that you factor.
Free Broker Credit Checks
Never worry about customer payment with free, fast, 24/7 credit checks.
Free Collection Services
We provide the collections so you can focus on providing quality service to your customers.
Fast Approval
We approve and purchase invoices same-day.
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
Mailing invoices is a thing of the past. Turn in all paperwork through email or our app.
Grow Your Business
Fixing cash flow issues will help you grow your business seamlessly.
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.
free & fast broker credit reports
Check credit on thousands of customers – for free – right from your fingertips.
submit paperwork
Scan and submit your paperwork with ease using our built-in image scanning and upload system.
Download our app today
Download the PDM App on Google Play and Apple App stores.
