In Canada’s fast-moving transportation industry, cash flow delays can stall even the most promising trucking businesses. Waiting 30–90 days for customers to pay freight invoices is common—but not sustainable. That’s where invoice factoring comes in.
This guide explores how invoice factoring works, its strategic benefits, and why it’s a preferred financing option for Canadian owner-operators and fleets. Whether you're covering fuel costs or scaling operations, invoice factoring can help keep your trucks on the road and your business on track.
Invoice factoring is a financial service that allows businesses to sell unpaid customer invoices to a third-party factoring company in exchange for immediate cash—often within 24 to 48 hours.
Unlike a loan, factoring doesn't add debt to your balance sheet. You’re simply accelerating cash that’s already owed to you.
Explore Mehmi Financial Group’s freight factoring solutions built specifically for trucking businesses across Canada.
Use our calculator to estimate how much cash you can unlock today.
You’re responsible if your customer doesn’t pay.
Lower fees, higher advances. Best if your customers pay reliably.
The factor assumes the risk of non-payment.
Higher fees, but zero liability. Best for higher-risk receivables.
Use factoring to purchase trucks or upgrade tech without loans.
Fund fuel, staffing, and marketing for geographic growth.
Ensure consistent payroll to attract and retain quality drivers.
Respond quickly to load spikes or seasonal volume without liquidity stress.
Partnering with a reputable company like Mehmi Financial Group ensures factoring is seamless, transparent, and tailored to your needs.
No—factors like Mehmi Financial Group communicate professionally. Most clients appreciate efficient back-end processes.
Most fees are between 1%–5%. When compared to missed opportunities or downtime, it’s often more cost-effective than loans.
Yes. If your clients are creditworthy and you invoice regularly, you’re likely a good candidate.
A Brampton-based carrier with five trucks used Mehmi Financial Group to factor $100,000 in receivables from a U.S. broker. Instead of waiting 60 days, they accessed $90,000 in 24 hours—funds used to:
Within 6 months, they doubled revenue.
Invoice factoring gives Canadian trucking businesses the cash flow stability to operate confidently and grow strategically—without taking on debt.
Whether you're just starting out or expanding a mid-sized fleet, factoring lets you unlock the full potential of your receivables.
Contact Mehmi Financial Group to find the right factoring solution for your fleet.
Speak to a credit advisor or calculate your monthly funding today.
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