In the trucking industry, delayed payments can stall your entire operation. Fuel, maintenance, insurance, and driver wages don’t wait—but your invoices often do.
Invoice factoring, also known as freight factoring, offers a practical cash flow solution by converting your unpaid invoices into immediate working capital. In this guide, we’ll break down how invoice factoring works, the benefits for Canadian truckers, and how Mehmi Financial Group makes the process seamless.
Invoice factoring is a financial service that allows trucking companies to sell outstanding invoices to a factoring broker—such as Mehmi Financial Group—in exchange for upfront cash.
Instead of waiting 30, 60, or 90 days for customers to pay, you receive a percentage of the invoice value within 24–48 hours, and the broker collects payment directly from your clients.
Mehmi Financial Group typically offers advance rates up to 95%, depending on your customer’s credit and payment history.
Different factoring models fit different business needs. Here are the most common:
Don’t wait weeks for payment. Use upfront funds to cover fuel, maintenance, insurance, and payroll.
Factoring is based on your client’s creditworthiness, not your business credit. It’s accessible even for startups or companies with poor credit.
Eliminate financial strain and focus on what matters most—delivering loads and growing your business.
The more you haul, the more you can factor. Invoice factoring grows alongside your business without needing to reapply.
Not all factoring brokers are equal. Here’s what to look for:
Mehmi Financial Group offers:
Learn more about our Invoice Factoring Services.
Getting started is simple:
We’ll walk you through every step—no hidden terms, no confusion.
Use our payment calculator to estimate your cash flow in minutes.
Factoring fees typically range from 1% to 5% of the invoice value. Rates depend on:
At Mehmi Financial Group, we keep fee structures transparent and predictable so you can plan your finances with confidence.
Stable cash flow means you can take on more loads, expand your fleet, and hire additional drivers without waiting on delayed payments.
Your broker handles collections—freeing up your time and reducing administrative overhead.
Letting professionals manage collections ensures that you maintain a positive, professional rapport with your customers.
Many factoring brokers, including Mehmi Financial Group, provide ongoing financial advisory services to help you make better business decisions.
A mid-sized Ontario-based trucking company faced delayed payments on freight invoices from several national distributors. This created inconsistent cash flow, affecting fuel purchasing and driver wages.
By partnering with Mehmi Financial Group, they:
Need similar results? Speak to an advisor today.
“It’s the same as a loan.”
Factoring is not a loan—there’s no debt on your books. You’re selling your receivables for early payment.
“Only struggling businesses use factoring.”
Successful, growing businesses use factoring to unlock working capital and take on new contracts confidently.
“It’s expensive.”
When weighed against lost opportunities or high-interest credit lines, factoring often offers better value.
“Clients will think I’m in trouble.”
Factoring is discreet and professional. Your clients won’t be alarmed—many large carriers use it as a standard practice.
For Canadian trucking businesses, invoice factoring offers a smart way to smooth cash flow, reduce stress, and accelerate growth—especially in an industry where payment delays are common.
Partnering with a trusted broker like Mehmi Financial Group means gaining a team that understands your operations, provides transparent pricing, and delivers funding fast—when you need it most.
Apply now or speak to a factoring expert today.
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