Journey To Financial Freedom

Introducing Altima Factoring, your partner in accelerating cash flow for truckers and trucking companies. In the dynamic world of freight expenses, delays in reimbursement can hinder growth and create unnecessary frustration. With Altima Factoring, you can bypass the wait and access immediate cash, empowering you to focus on expanding your business without financial constraints. Experience the ease and efficiency of freight factoring with Altima Factoring – where cash flow meets convenience.

Altima Factoring provides both recourse and non-recourse freight factoring services tailored to meet the diverse needs of businesses. Recourse freight factoring, which dominates the accounts receivable financing sector, involves an agreement where both parties acknowledge the responsibility of repurchasing invoices in case customers fail to pay within a predetermined period, typically spanning 60, 90, or 120 days.

On the other hand, non-recourse freight factoring transfers the risk of non-payment to Altima Factoring. While this offers businesses protection from bad debt expenses, the discount rates associated with non-recourse factoring tend to be higher, reflecting the increased risk for the factor. Despite the higher rates, many truckers view non-recourse agreements favorably, recognizing that the potential loss from an unpaid invoice outweighs the increased cost. At Altima Factoring, we understand the unique challenges faced by businesses in the freight industry and offer flexible solutions to support their financial needs.

Rest assured, there are no minimum or maximum funding limits when it comes to Altima Factoring. We warmly welcome transportation companies of all sizes, along with invoices of any magnitude.

No, you don’t. At Altima Factoring, our standard factoring agreement operates on a month-to-month basis. This flexible approach ensures that we continually earn our clients’ trust and satisfaction with every day of collaboration.

Once we receive your documentation before the specified deadline, rest assured that we’ll swiftly initiate the funding process on the very same day. Our services include immediate wire transfers and fuel card funding, along with next-day ACH alternatives for your convenience.