We provide financial support to carriers
We understand the industry and have over 20 years of experience, which is why our clients put their trust in us.
Same-day funding
Simplicity
Multilingual and diverse team
How it works
Send a request
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.
The main advantage of our factoring services is that we can provide you with an immediate cash advance. We will help you solve short-term cash flow issues and assist you to grow your business. We are here to make things easier for you by offering you a broker search database and handling your collections.
Equipment Finance
Truck and Trailer Lease
Consulting Services
Our factoring services will give you the opportunity to take step forward!
The way our factoring services work is very simple for our clients. Your company knows the situation of immediate costs and you really feel the impact of the lack of cash flow when this situation decreases your business. At Source Funding Inc. you will be able to sell your invoices in exchange for a percent advance on the total amount within the same day.
Ready to get your business GROW?
We thought of all your needs
In addition to factoring, we also offer you additional benefits so that your business can start developing
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
Provide immediate cashflow so you would be able to grow your company faster, control your costs, and improve your business.
Once you are done delivering your freight, you simply upload your bills on our client portal, and once the bills are processed, you will get your funds in your bank account. We even do same day billing, just ask your Account executive!
No, we have our own team of collection specialist that are here to make sure all payments a received in a timely manner, lowering your overhead, so you can focus on more important thing.
One of the most attractive benefits of using invoice factoring is that you can secure next-day, or even same-day, funding. Instead of waiting 30, 60 or even 90 days to receive payment from your customers, you can factor those invoices and have cash in 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.
What our client say
