OUR SERVICES

At Five Star Factoring, we offer no-reserve factoring for trucking companies with daily ACH payments and same-day wires because we know how important it is for your business to operate efficiently and on-time.

No-reserve freight factoring

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Bookkeeping

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Invoicing

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Bond filing

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Collections

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Year-end income tax preparation support

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Open account receivable reports

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FMCSA broker verification

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Portal support for carriers

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No-reserve freight factoring 〰️ Bookkeeping 〰️ Invoicing 〰️ Bond filing 〰️ Collections 〰️ Year-end income tax preparation support 〰️ Open account receivable reports 〰️ FMCSA broker verification 〰️ Portal support for carriers 〰️

What We Offer

Immediate Funding

Our factoring services ensure that you receive quick access to funds, enabling you to grow your business without delays.

Clerical Support

We handle the administrative side of your operations, including electronic bookkeeping that helps maintain compliance with DOT requirements.

Transparent Communication

We prioritize open communication, keeping you informed about your payments and providing year-end numbers for tax purposes.

Find out how Five Star Factoring can streamline your operations and improve your cash flow. 

FAQs

  • Factoring, also known as account receivables factoring or agile capital factoring, is the process in which trucking companies sell their outstanding invoices to a company like Five Star in exchange for immediate cash. The factoring company then takes on the responsibility of collecting on those invoices.

  • Factoring with Five Star is quick and easy. Most of our clients are approved to start factoring within 24 hours. Once approved, we offer daily ACH payments and same-day wire transfers to ensure you get your cash fast.

  • Sometimes questions arise around factoring companies and credit reports. But, rest assured, when you factor with Five Star no debt is incurred which means neither your credit score nor your credit report takes a hit.

  • Trucking companies of all kinds can benefit from factoring with Five Star Factoring including fleets, owner-operators, box trucks, flatbeds, dump trucks, van, RGN, heavy haul/oversize, permitted loads, and other special use equipment.