Startup Support - Prime Factoring

STARTUP SUPPORT

GET YOUR TRUCKING COMPANY ROLLING
WITH SUPPORT FROM
THE EXPERTS

Prime Factoring is built on decades of trucking industry expertise, and now we’re sharing that with you. Our startup program makes it fast and easy for you to register your trucking company, get driving, and get paid.

LEARN MORE

WHAT TO EXPECT

STARTUP SUPPORT WITHOUT THE HEADACHE

BUSINESS SETUP

Starting a new business can feel complicated. We make it easy. From completing paperwork to understanding fees, we’ll help you through the first step of registering your new LLC with the state.

MC AUTHORITY REGISTRATION

Next, we’ll get you ready to hit the road. Our team of highly experienced experts will walk you through the process of obtaining motor carrier operating authority so you can start driving.

OBTAIN INSURANCE

We’ll help you get your truck insured, from choosing the best vendor to obtaining the right coverage policy for your specific rig and hauling specifications.

START DRIVING & GET PAID

Drive for yourself or get connected with our network of carriers and logistics providers. Plus, when you use Prime Factoring’s Startup Support program, you’ll be automatically pre-approved for our factoring services, providing a cash flow advantage for you to grow.

YOU CAN BE YOUR OWN BOSS:
START YOUR TRUCKING COMPANY TODAY WITH HELP FROM PRIME FACTORING

get started

HIGH DEMAND

Our nation’s economy depends on freight handlers to move critical goods and materials, so skilled trucking companies are always in high demand.

EASY ACCESS

You can start a trucking company with just one truck and one driver, making it accessible to anyone. With Prime Factoring, starting is easy and attainable.

FINANCIAL FREEDOM

Take control of your income by deciding your own operating costs and profit margins. Higher flexibility means higher pay for you and your people.

THE INFO YOU NEED

STRAIGHT ANSWERS TO THE QUESTIONS THAT MATTER

What’s an MC Number and why do I need one?

A Motor Carrier (MC) Number–also known as operating authority–is assigned to a carrier by the Federal Motor Carrier Safety Administration (FMCSA) and is a unique identifier for all carriers of regulated freight. An MC Number is required for you to legally transport freight.

What are the requirements for starting a trucking company?

To start a trucking company, you’ll need a business entity (like an LLC), a USDOT number, a Motor Carrier (MC) number, commercial insurance, and an Employer Identification Number (EIN). You’ll also need to register with the FMCSA, obtain operating authority, and set up a business bank account. If you’re hauling freight across state lines, compliance with federal regulations is required.

Prime Factoring can help you navigate each of these steps with ease and start hauling.

How soon can I start hauling freight?

You can typically start hauling freight within 2-4 weeks after applying for your operating authority. This timeline depends on how quickly you complete registration, secure insurance, and receive approval from the FMCSA. Some steps, like insurance filings, can speed up or delay the process.

Can Prime Factoring help me find freight to haul?

Yes! Through our dedicated relationship with Parish Transport and Parish Logistics, we can get you connected with high quality freight loads to kickstart your business.

What is freight factoring?

Freight factoring is a financial service that helps trucking companies get paid faster. Instead of waiting 30-60 days for customer payments, a factoring company like Prime Factoring buys your freight bills and pays you upfront—usually within 24 hours—then collects from the shipper.

What is invoice factoring?

Invoice factoring is a type of business financing where a company sells its unpaid invoices to a factoring provider like Prime Factoring for immediate cash. It improves cash flow by turning accounts receivable into working capital, helping cover fuel, payroll, and other expenses without waiting for client payments.

Does Prime Factoring own any part of my trucking company if I use their Startup Support program?

No, your business is 100% yours.

APPLY IN MINUTES

TAKE THE FIRST STEP
TOWARD YOUR FUTURE

**THE FOLLOWING MUST BE PROVIDED AND WILL BE HELD IN STRICT CONFIDENCE**