Freight Factoring in Minneapolis, MN

Minneapolis-St. Paul anchors the Upper Midwest's freight economy — the distribution hub for a five-state region, home base of food-industry giants whose plants and co-packers generate constant reefer and dry van work, and the staging point for lanes running north to Duluth's port and west across the Dakotas. Carriers here invoice brokers and shippers on 30 to 60 day terms while running some of the country's harshest winter freight. Freight factoring pays at delivery: typically 90-97% advanced against the rate confirmation and POD. Y Millennial Funding offers freight factoring for Twin Cities carriers and owner-operators, and 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.