Freight Factoring in Chicago, IL

Chicago is the freight interchange of North America — the only place all six Class I railroads meet, ringed by intermodal ramps in Joliet, Elwood, and Bedford Park, with one of the country's largest concentrations of trucking companies and brokers to match. The carriers working this market invoice on 30 to 60 day terms while running some of the highest-cost urban freight in the country. Freight factoring pays at delivery: typically 90-97% advanced against the rate confirmation and POD. Y Millennial Funding offers freight factoring for Chicago carriers, drayage operators, and owner-operators, and offers revenue-based funding from $50,000 in monthly revenue, approved on receivables and revenue rather than credit. Factoring is the purchase of receivables, not a loan. Not all applicants qualify.