Financing for freight brokers
A freight brokerage sits in the middle of two clocks: carriers expect payment in days — many demand quick-pay — while shippers pay in 30 to 60. Voxen Capital structures invoice factoring from $50,000 to $10,000,000 that advances shipper invoices within 24 hours of setup, funding carrier payments from the invoice itself, plus business lines of credit from $10,000 to $1,000,000 for the operating costs in between.
Start an applicationCarriers paid in days, shippers collected in months
The brokerage model is a timing spread. Margin per load is real but thin, and every load fronts the carrier payment weeks before the shipper's cheque arrives. Volume growth multiplies the float the brokerage has to carry.
Factoring collapses the spread: the shipper invoice is advanced within 24 hours, the carrier is paid on the terms that keep capacity loyal, and the facility grows with load count because approval follows the shippers' credit — not the brokerage's balance sheet.
Offering reliable quick-pay is also a sales weapon: carriers prioritize brokers who pay fast, and a funded brokerage can promise it without sweating the float.
Brokerage operations we structure financing for
- Truckload and LTL brokerages
- Cross-border Canada-US freight
- Intermodal and drayage coordination
- Specialized and flatbed brokerage
- Asset-light 3PLs
- Dispatch services carrying carrier payables
How freight broker financing works at Voxen
- Send your shipper list and aging — Approval is driven by who owes you — established shippers make a strong file even for a young brokerage.
- Facility structured in 5-10 business days — Advance rate, fee, and shipper limits are structured and placed with the lender that fits your freight mix and volume.
- Invoices advanced within 24 hours — Each load's invoice funds the next business day — the advance covers the carrier payment with the margin following at collection.
- Quick-pay becomes your pitch — With the float funded, the brokerage can offer carriers reliable fast payment and win capacity on it.
The products freight brokers use
Factoring carries the carrier-payment float; the line of credit covers operating costs that aren't tied to a load. Most funded brokerages run both.
| Invoice Factoring | $50K–$10M · 5–10 business days to set up; 24h per invoice after |
|---|---|
| Business Line of Credit | $10K–$1M · 3–7 business days |
Frequently asked questions
We're a young brokerage. Do we qualify?
Generally, yes — factoring approval follows the credit of your shippers, not your brokerage's age. A first-year brokerage moving freight for established shippers is a fundable file.
How does the carrier get paid?
The invoice advance lands within 24 hours of submission, and carrier payment is made from it on whatever terms you've promised — including quick-pay. The remaining margin is released when the shipper pays, less the facility fee.
Does factoring work cross-border?
Yes — Canada-US freight with US shippers on the invoice is a standard file. The facility is structured around the currencies and shippers you actually bill.
What does it cost?
Quoted per file based on shipper quality, volume, and terms. The honest comparison is against the margin lost to loads you can't take when the float is maxed — that math is walked through before anything is signed. No application fee, no credit impact to ask.