Three trucks, net-45 shipper, fuel due weekly
A three-truck carrier hauling for one shipper at $5,800 a load, two loads per truck per week, paid net-45. Fuel runs about $1,900 a truck a week; driver settlements $1,700.
| Weekly revenue hauled | $34,800 |
|---|---|
| Paid in 45 days — outstanding at any time | ≈ $220,000 |
| Weekly fuel + settlements | $10,800 |
| Weeks until the first checks land | 6–7 |
| Gap to cover | $68,000 |
| Advance | $70,000 |
|---|---|
| Factor rate | 1.20 (≈ 156% APR-equivalent over 60 business days) |
| Total payback | $84,000 |
| Remittance | $1,400 per business day, 60 days |
| Cost of the bridge | $14,000 |
The bridge, day by day
- Week 0
Loads delivered, invoices out
$34,800 a week hauled
- Day 3
Funded
$70,000 advance lands
- Weeks 1–6
Fuel and settlements paid
$10,800 a week, on time
- Day 45
First shipper checks land
Net-45 starts paying
- Month 3
Remittance complete
$84,000 delivered over 60 business days
| Option | Amount | Factor rate | Total payback | Cost | APR-equivalent | Term |
|---|---|---|---|---|---|---|
| Advance sized to the gap$1,400 per business day, 60 days | $70,000 | 1.20 | $84,000 | $14,000 | ≈ 156% | 60 business days |
| Shipper quick-pay at 3%Cheaper, when the shipper offers it | $220,000 of invoices | — | — | ≈ $6,600 | ≈ 24% APR-equivalent | Paid in days |
APR-equivalent is figured as the annual rate a loan would need to cost the same on this payment schedule, which puts a factor rate next to a loan's APR. What you actually get depends on your deposits, your time in business and any open positions, and each option comes back as total payback in dollars.
What the numbers say. Quick-pay at 3% on the same $220,000 would cost about $6,600 — cheaper, if the shipper offers it. When it does not, the advance keeps the lane; when it does, we say take the quick-pay.