Hopper Bottom / Hopper Dropper Grain Factoring

Factoring Hopper Bottom Carriers/ Hopper Dropper Grain Factoring

The hopper bottom / hopper dropper grain factoring product offer carriers focusing on grain / bulk commodity hauling a freight funding option that can advance funds on aged invoices / freight bills with a simple application to funding process, no need to wait 30 to 60 days or longer for payment on their invoices.

There are certain basic points to consider, including:

  • The carrier cannot operate as a sole-proprietorship

  • We treat a hopper bottom factoring deal like any other freight factoring facility

  • There could be certain issues if the carrier is dealing with a product under the Perishable Agricultural Commodities Act (PACA)

  • There might be a problem if the carrier is delivering the load subject to payment

  • Or if the carrier is a distributor or middleman and there are concerns such as the farmer getting paid for the grain

However, if the carrier is just hauling the grain like any other load, there should not be a problem or additional complications.

Why wait 30 to 60 days or longer to get paid on your invoices?  Click to start the simple funding process

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HOPPER BOTTOM FACTORING:

BASIC CRITERIA
Minimum: $15,000
Maximum: $10 Million (availability as you grow)
Advances:  On average 92% (Higher on a case by case basis)
Rates: Competitive (Our objective is to beat our competition)

OTHER PROGRAM OPTIONS
Fuel Advances
Funding Off Copies
No Minimums
No Contracts
Non-Recourse
Startups

START THE SIMPLE FREIGHT FACTORING PROCESS

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