Need cash before your customers pay? Invoice factoring in Savannah converts your outstanding B2B receivables into working capital within 24 hours, so you can cover payroll, fuel, and operating expenses without waiting 30, 60, or 90 days for payment.
Invoice factoring
Invoice factoring lets you sell your unpaid invoices to a factoring company at a discount and receive immediate funds, typically 70 to 90 percent of the invoice value upfront. The factoring firm then collects payment directly from your customer. Once your customer pays, you receive the remaining balance minus the factoring fee. Unlike a traditional loan, factoring relies on your customers' creditworthiness, not yours, making it accessible even if your balance sheet is thin or your company is new.
Savannah's port-driven economy means trucking firms hauling containers from Garden City Terminal and freight brokers managing shipments along I-16 often face long payment cycles. A drayage operator moving cargo to a warehouse in Pooler may invoice a logistics company on net-60 terms, but fuel and driver wages come due every week. Factoring bridges that gap without adding debt to your books.
Invoice factoring
Factoring companies for trucking companies and other B2B service providers look for a few essentials: you must invoice commercial customers (not consumers), your invoices must be free of liens, and your customers should have a reasonable payment history. Startups, businesses with past credit challenges, and seasonal operators all qualify because the underwriting focuses on your customers' ability to pay, not your credit score.
We work with factoring firms that specialize in the trucking industry, including those familiar with the unique documentation requirements of freight bills, bills of lading, and rate confirmations common to Savannah's logistics corridor. Whether you run a single truck out of Thunderbolt or manage a fleet serving the Savannah-Hilton Head metro, our brokerage connects you to the right factoring co.
How it works
Visit Aldergate Loans at 512-514 Martin Luther King Jr Blvd, Savannah, GA 31401, Savannah, GA or call (912) 445-8262 to start. We'll review your invoice aging report, customer list, and recent invoices, usually the only documents a factoring firm requires. Because factoring receivables hinges on your customers' credit, the application process is faster and simpler than a bank loan. Most brokers can present multiple factoring company options within one business day, and funding often arrives within 24 to 48 hours of approval.
Our documentation-made-simple approach means we help you organize rate sheets, delivery receipts, and proof-of-service paperwork so the factoring company can verify your invoices quickly. We also explain fee structures, factoring rates vary by industry, invoice volume, and customer creditworthiness, so you understand exactly what you'll net after each transaction.
Invoice factoring
Consider a refrigerated-trucking company based near Port Wentworth that hauls seafood from local processors to distributors in Atlanta. The company invoices a national grocery chain on net-45 terms, but refrigeration repairs and diesel costs can't wait six weeks. By factoring those invoices, the owner receives cash the same day the load delivers, keeping trucks on the road and drivers paid on schedule. The factoring firm handles collection, and the owner focuses on operations instead of chasing payments.
Loan programs
Invoice factoring differs from working capital loans in Savannah because factoring is a sale of receivables, not a loan. You don't incur debt or monthly payments, and there's no fixed repayment term. It also contrasts with a business line of credit in Savannah, which requires underwriting your company's creditworthiness and often takes weeks to establish. For businesses that need immediate liquidity and whose customers are creditworthy, factoring can be faster and more accessible than traditional commercial real estate financing in Savannah or equipment financing in Savannah.
If your business operates across multiple Georgia markets, explore our full service areas or return to our main Savannah business loans hub to compare all programs.
Serving the Savannah area
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Common questions
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