New Freight-Bill Factoring Service for Transportation Businesses

Express Freight Finance, an independent factoring company specializing in transportation clients, has launched a freight-bill factoring services for truck fleets, owner-operators, and freight brokers.

“Small carriers and brokers would rather focus on moving freight and growing their business than managing receivables and collections,” said Dan Hadley, chief executive officer of Express Freight Finance. “Because we’re 100% dedicated to trucking and understand the realities of the business, we have committed resources that allow us to deliver a funding decision in minutes and cash as quickly as that day.”

Express Freight Finance is launching with an initial capital base of more than $30 million and is backed by Adelphi Capital, a merchant bank with a strong track record of equity investment in factoring and other financial services for transportation companies in the United States. Adelphi and its affiliates were previously the founding investors in two successful freight-bill factoring companies.

Express Freight Finance touts  a credit and operations platform that provides fast underwriting, decision-making, and documentation of new client relationships.

Category: General Update