We provide reliable and tailored freight factoring solutions
With a deep understanding of our clients’ needs and over 20 years of industry experience, we have built a foundation of trust through our dependable solutions.
Same-day funding
Ease of Use
Multilingual and diverse team
How it works
Apply
Get approved
Submit invoices
Get paid
Factoring for businesses looking to accelerate growth
The factoring services that Source Funding Inc. provides are a crucial financial tool for your business.
Source Funding is a crucial tool and partner in business success by providing immediate cash flow solutions, ensuring businesses maintain liquidity and seize growth opportunities without delays. With over 20 years of industry expertise, we offer personalized service, competitive rates, and efficient invoice management. Additionally, we streamline operations by providing access to a broker search database and handling collections, enhancing overall efficiency and financial management.
Equipment Finance
Truck and Trailer Lease
Consulting Services
Our factoring services offer you the chance to move forward!
At Source Funding Inc., we simplify the process of managing high operating costs. We understand how immediate expenses can impact your business. With our straightforward factoring services, you can sell your invoices and receive a quick advance on the total amount the same day. It’s a straightforward solution to improve your cash flow and propel your business forward.
Ready to grow your business?
We’ve taken all your needs into consideration
In addition to factoring, we offer additional benefits to kickstart your business development
You still have questions? Check if we already have an answer!
Don’t worry, if you still haven’t found the answer to your questions, you can always contact one of our agents. We are here to clarify all your doubts.
- 800 372 6405
It offers immediate cash flow to fuel your company's growth, effectively manage costs, and enhance operations.
After delivering your freight, simply upload your invoices to our client portal. Once processed, your funds will be deposited directly into your bank account. We also offer same-day billing upon request through your Account Executive!
No, you don't have to collect your payments. We have an experienced team of collection specialists dedicated to ensuring timely payments. This alleviates you from administrative work, allowing you to focus on more important matters.
One of the most attractive benefits of invoice factoring is the ability to secure funding as soon as the next day, or even on the same day. Instead of waiting 30, 60, or even 90 days to receive payment from your customers, factoring allows you to convert those invoices into cash deposited into your business bank account in as little as 24 hours
Thanks to advances in technology, factoring companies have been able to target the needs of specific industries, making this financial tool more accessible than ever before. Oil and gas, trucking, staffing services, construction, business services, government contractors and manufacturing and distribution are just a few of the industries that greatly benefit from factoring and frequently use these services.
Some factoring companies require their clients to submit all of their customer’s invoices for factoring because they want to be sure to assume the least amount of risk possible; this requirement will vary from company to company. However, you may not want to factor every invoice, for one reason or another. You may only wish to factor your slower paying customers, for example.
A reputable factoring company as we are, will not only provide immediate capital, but also exceptional back-office support that saves you valuable time, money and resources.
One of the biggest advantages of invoice factoring over a traditional lending option is that the funding through factoring grows with your business. The amount available is only limited by the number of eligible invoices your business has to factor. So, as your business grows and builds a strong relationship with the factor, your business’ credit line also increases. Just make sure that the factor you choose has the experience and financial capacity to match your company’s growth.
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