A factoring service customized to fit your business needs.
Apex Capital Factoring
Working with a broker that does not offer QuickPay?
Apex Capital can get you paid fast on non-Convoy shipments.
24/7 factoring gets you paid fast – 24/7! At night, on weekends, and during bank holidays.
Access dedicated account managers, free credit checks, and free collections. No long-term contracts or monthly minimums.
Manage your invoices from the Apex app with account management, invoice submission, and reporting.
How is this different from Convoy QuickPay™?
Convoy QuickPay™ gets you paid fast for Convoy loads within two business days for free, or within eight hours for a low fee. Factoring can be used for non-Convoy loads.
When using Apex Factoring, you can still earn Convoy QuickPay on Convoy loads while factoring non-Convoy loads, giving your business flexibility and low combined rates.
What is freight factoring?
Carriers use freight factoring partners to increase the speed and reliability of receiving payments for loads they haul. Some customers and brokers wait 45 days or more to pay carriers for their work. These variable payment terms can make it hard to manage your expenses such as fuel, insurance, payroll, repairs, and more. That’s where freight factoring comes in.
Factoring is an easy way to manage cash flow for your trucking company. A factoring company, like Apex, purchases invoices for freight that you’ve already delivered, so it’s money that is advanced on accounts receivable. Freight factoring keeps the cash flowing so you can keep hauling.
What is the rate for Apex factoring?
Carriers of all sizes can factor their non-Convoy loads at rates that are customized for their business. Rates will be determined by the total amount factored, equipment type, and more.
Is Apex recourse or non-recourse factoring?
Apex offers both recourse or non-recourse options.
Can I get same-day funding with Apex Capital?
Yes. Same-day funding is available.
Does Apex Capital provide collection service?
Yes. Collection service is included for your factored invoices.