Steelhead Finance

Unlocking Cash Flow with Unparalleled Funding Features

Steelhead Finance's approach to funding is designed for both speed and flexibility, recognizing that every business has unique cash flow needs. They provide a powerful engine for a carrier's operations by delivering swift access to working capital on their terms.

Their advance rates are highly competitive, typically ranging from 70% to 97% of the total invoice value. This flexible range ensures that a carrier can get a substantial portion of their money up front, providing immediate liquidity to cover essential expenses like fuel, maintenance, and payroll. This eliminates the uncertainty of waiting 30, 60, or even 90 days for a shipper to pay, allowing a business to operate with stability and confidence.

Speed is a hallmark of their service. Steelhead Finance offers Same Day Funding Options via wire transfer, ACH, or even directly to a fuel card. The initial setup process is also designed for efficiency, with preliminary approval and setup typically taking just 24-48 hours. This expedited onboarding and funding process ensures that carriers can get started and get paid quickly, providing the agility needed to take on new loads and capitalize on growth opportunities without financial bottlenecks.

Furthermore, Steelhead Finance is committed to transparent pricing. They offer competitive rates that generally fall between 1% and 5% depending on the specific program, volume, and risk. A key advantage is their policy of No Startup Fees and No Large Monthly Volume Minimums, which makes their service accessible to businesses of all sizes, from a single owner-operator to a growing fleet.

Flexible Protection for Your Cash Flow

One of the most valuable aspects of Steelhead Finance's offering is the flexibility and choice they provide in how a carrier protects their cash flow. They understand that different businesses have different risk tolerances, and they cater to this with both recourse and non-recourse factoring options.

Recourse factoring is the more common option and is structured where a carrier is responsible for buying back the invoice if the factoring company is unable to collect payment. This is often a more cost-effective option for businesses that have a high level of confidence in their clients' payment history.

Non-recourse factoring, on the other hand, offers a higher level of protection. With this option, Steelhead Finance assumes the majority of the risk associated with payment. This means that if a customer defaults, the carrier is not held responsible for buying back the invoice. While there may be specific stipulations to qualify for this program, it provides a powerful safety net that allows a business to operate with greater peace of mind, knowing their cash flow is protected.

By offering both options, Steelhead Finance empowers carriers to choose the level of risk and cost that best fits their unique business model and needs.

Going the Extra Mile with Added Benefits and Support

Steelhead Finance provides a comprehensive suite of value-added services that demonstrate their commitment to being a holistic business partner, not just a funding source. These services are designed to help carriers save money and time, allowing them to focus on their core operations.

One of the most significant perks is their fuel card program, which offers valuable discounts that can lead to substantial savings on a carrier's largest variable expense. They also provide access to other industry discounts, including deals on tires and roadside services.

For risk management, Steelhead offers free credit checks on brokers and shippers. This invaluable service allows carriers to vet potential customers before taking on a load, helping them avoid working with high-risk or slow-paying clients. This proactive approach protects a business's financial health and provides peace of mind.

Steelhead also offers an easy-to-use online portal that provides Easy Access Reporting. This technology simplifies the administrative burden by allowing carriers to submit invoices digitally and providing a command center to view transaction histories and manage their account. Steelhead also handles all billing and collections, further freeing up a carrier's time.

A World-Class Customer Experience

Steelhead Finance's customer experience is built on efficiency, expertise, and personalized support. The company has a well-established reputation for being professional and transparent, making the entire factoring process simple and straightforward for clients.

The sign-up process is designed to be as fast as possible, with a quick preliminary approval that allows new carriers to get started and get paid quickly. They handle all the paperwork and collections, eliminating the administrative burden on the carrier.

A key differentiator is their commitment to providing exceptional support. While the website provides many resources, including a comprehensive FAQ, Steelhead operates with a team of experienced professionals who are readily available to assist clients. This dedication to personalized, expert service ensures that clients feel supported throughout their partnership. Steelhead Finance has spent decades building a reputation for trustworthiness and is known for its strong ethics and clear communication, which are consistently highlighted in positive testimonials.

What Makes Steelhead Truly Unique

In a competitive market, Steelhead Finance distinguishes itself not just by one feature, but by a powerful synergy of its core strengths: long-standing history, a comprehensive product suite, and unmatched flexibility.

Their financial stability as a division of People's Bank of Commerce, combined with over 40 years of experience, provides a level of security and expertise that is rare in the industry. Carriers can trust that they are working with a partner that has the financial backing and a proven track record to support their long-term growth.

Steelhead's flexible product suite, which includes both recourse and non-recourse factoring options, allows them to tailor their services to a carrier's specific needs and risk tolerance. This ability to customize their offering sets them apart from companies that force clients into a single, rigid program.

Furthermore, their commitment to value-added services—such as their fuel card program, free credit checks, and comprehensive online reporting—demonstrates a holistic approach to their client relationships. They don't just provide funding; they provide the tools and support a carrier needs to save money, manage risk, and streamline operations. This comprehensive partnership model is what truly makes Steelhead Finance a leader in the field.

A Powerful Partner for Growth

Steelhead Finance is an ideal partner for any carrier looking for a stable, reliable, and flexible factoring solution. With their competitive advance rates, same-day funding, and a proven track record of over 40 years, they provide the financial strength needed to keep a business moving forward. The added benefits, such as a fuel card program and free credit checks, demonstrate a deep commitment to the overall well-being of their clients. Their flexible recourse and non-recourse options, combined with a focus on personalized service, ensure that a business is never alone in its financial journey. For carriers who value a trustworthy and experienced partner with a comprehensive suite of services, Steelhead Finance stands out as a top-tier choice. They are a great option for businesses that need fast, reliable funding with the flexibility to adapt to their specific needs.