Frequently Asked Questions: Everything you need to know about Jobe and factoring.
Jobe is a trusted factoring partner with over 30 years of experience helping businesses access the capital they need to grow. What sets us apart is our personalized approach—we don’t just fund invoices, we act as an extension of your team, handling billing, collections, and credit checks so you can focus on running your business. Plus, our transparent terms and dedicated customer support ensure you always know what to expect.
Jobe was founded in 1996 in Humble, Texas, and has been providing reliable cash flow solutions for over 30 years. We’ve built a reputation for personalized service, industry expertise, and a commitment to helping businesses succeed.
Jobe works with all industries but we built our company on deep experience working with trucking, logistics, oil & gas, manufacturing, fleet maintenance, and other service-based small-to-medium-sized businesses. If your business relies on steady cash flow to cover expenses and seize new opportunities, Jobe is here to help.
Yes! While Jobe started in Texas, we now provide cash flow solutions to businesses nationwide. Our team is ready to support growing companies across the U.S. with fast, fair, and flexible funding and expert financial services.
We believe in real relationships, not automated responses. When you need help, you’ll have direct access to our team of dedicated account managers who are ready to answer your questions, troubleshoot any issues, and ensure your experience with Jobe is seamless. Try it out!
Yes! Beyond factoring, we help businesses manage billing, collections, and credit checks—taking administrative burdens off your plate. We focus on more than just funding, we help streamline your financial operations so you can stay focused on work.
We make onboarding easy. Most businesses can get set up and start factoring in less than 24 hours. Our team works with you to ensure a smooth transition and quick access to funds.
Unlike banks that have long approval processes and rigid requirements, Jobe offers fast, flexible funding with no hidden fees. We specialize in factoring, meaning we understand your business needs and provide tailored solutions that work for you. Plus, our team is committed to personalized customer service, ensuring you have a cash flow partner who’s always in your corner.
Invoice factoring is a financing solution where you sell your unpaid invoices to Jobe in exchange for immediate cash, helping you keep operations running smoothly without waiting on customer payments. With non-recourse factoring, Jobe assumes the responsibility of collecting payment. If the customer doesn’t pay, you are not required to repurchase the invoice—Jobe absorbs the loss. In certain situations, like if a customer disputes the invoice, you may still be responsible for repurchasing it. This structure provides a level of protection against bad debt while ensuring you have reliable access to working capital.
Recourse factoring offers lower fees, but your business retains responsibility for unpaid invoices. If your customer fails to pay within the agreed timeframe, you’ll need to buy back the invoice or replace it with another.
Asset-based lending (ABL) is a financing solution where businesses secure loans using assets like accounts receivable, inventory, or equipment as collateral. Unlike factoring, which advances funds based on invoices, ABL provides broader financing tied to your company’s total assets. This allows businesses to unlock more working capital while maintaining flexibility, as funding can grow alongside their assets. ABL is often a cost-effective alternative to unsecured loans, offering better rates while providing steady cash flow to manage operations, payroll, and expansion. By leveraging existing assets, businesses can scale efficiently, turning their resources into opportunities for growth.
No way! While factoring is widely used in trucking and logistics, many industries rely on it to stabilize cash flow and keep operations running smoothly. Businesses in manufacturing, staffing, oil & gas, wholesale distribution, and professional services use factoring to access working capital without taking on debt. If your business invoices customers on net terms and experiences cash flow gaps, factoring can be a powerful tool—regardless of industry.
Factoring is not a loan—it’s an advance on your accounts receivable. Instead of taking on debt, you sell your invoices to Jobe for immediate cash. There’s no long approval process, no monthly repayments, and no impact on your credit.
Factoring provides immediate cash flow, eliminates long waits for customer payments, and ensures steady working capital. It also removes the burden of collections, allowing you to focus on operations and growth.
With Jobe, you can typically receive funds within 24 hours after invoice approval.
Businesses that issue invoices with payment terms (e.g., Net 30 or Net 60) benefit the most. This includes trucking, logistics, oil & gas, manufacturing, and small-to-medium-sized businesses that need steady cash flow to cover expenses and expand.
Pricing depends on factors like invoice volume, customer creditworthiness, and whether you choose recourse or non-recourse factoring. Jobe offers transparent terms with no hidden fees—just straightforward, fair pricing.
No, when you sign a factoring agreement with Jobe, you commit to factoring invoices exclusively with us. This exclusivity ensures a smooth process, prevents complications with payment collections, and allows us to offer competitive rates while effectively managing risk. If you’re concerned about flexibility, our team is happy to work with you to structure an agreement that meets your business needs.
Not necessarily. While Jobe requires exclusivity on the invoices you choose to factor, you are not required to factor every invoice your business generates. You have the flexibility to decide which customers and invoices you want to submit for factoring, as long as they meet the eligibility criteria outlined in your agreement. This allows you to maintain control over your cash flow while benefiting from Jobe’s reliable funding.
Applying is easy! Fill out our online application, provide basic business documents, and we’ll get you approved quickly. Our team will guide you through the process so you can get your cash flow flowing as soon as possible.
Factoring is based on your customers’ creditworthiness, not yours. While we may review your business history, the main factor in approval is the reliability of your customers to pay their invoices.
Jobe handles collections professionally and seamlessly, ensuring a positive experience for your customers. We know you want to keep working with them, so we communicate with them just as your billing department would, keeping everything smooth and professional.
In recourse factoring, you’ll need to buy back the unpaid invoice or replace it with another. In non-recourse factoring, Jobe assumes the loss in most situations including if the customer is insolvent, protecting you from bad debt.
Jobe offers flexible solutions. While some businesses factor invoices regularly, others use it only when cash flow is tight. We work with you to create a financing plan that fits your needs.
Factoring improves cash flow without adding debt. Since it’s not a loan, it won’t appear as a liability on your balance sheet, making your financials stronger.
Factored receivables are considered revenue when earned, so taxes apply just as they would with standard customer payments. However, factoring itself does not create additional tax obligations. Always consult your accountant for details specific to your business.
Factoring gives you immediate access to cash from unpaid invoices, allowing you to reinvest in your business without waiting for customers to pay. Whether you need to hire more staff, expand your services, or take on bigger contracts, factoring ensures you have the working capital to scale confidently.
Yes! A major challenge for growing businesses is waiting on payments while taking on bigger projects. Factoring bridges that gap, ensuring you have the funds to cover upfront costs, payroll, and materials—so you can confidently pursue new opportunities without cash flow concerns.
Absolutely. Unlike a loan, factoring doesn’t add debt to your balance sheet or require long-term repayments. Instead, it converts your accounts receivable into immediate cash, giving you financial flexibility while keeping your business financially healthy.
Yes! Factoring is one of the most scalable funding solutions available. As your business grows and you generate more invoices, your access to funding grows too. There’s no need to renegotiate credit limits or wait for approvals—you get funding as soon as your invoices are submitted.
Yes. Many businesses use factoring to fund essential growth investments, whether it’s upgrading equipment, expanding operations, or hiring new staff. Since factoring provides fast, flexible cash flow, you can scale your workforce and infrastructure without taking on traditional loans.
Factoring is faster, more flexible, and doesn’t require collateral like a traditional loan. There’s no long approval process, no monthly payments, and no restrictions on how you use the funds. Plus, because approval is based on your customers’ credit—not yours—factoring is accessible to businesses that may not qualify for traditional financing.
Yes! With steady cash flow from factoring, you can pay suppliers on time—or even early—giving you leverage to negotiate better pricing and terms. Customers may also be more willing to work with you when they see you have the financial stability to support larger orders or longer payment cycles.
Factoring gives you access to immediate cash from unpaid invoices, so you don’t have to wait 30, 60, or 90 days for customers to pay. This means you can cover payroll, rent, utilities, and other operating costs without cash flow disruptions—keeping your business running smoothly.
Absolutely. Factoring ensures you have the funds to pay suppliers on schedule, helping you avoid late fees, maintain strong relationships, and even negotiate better terms. Reliable cash flow gives you more control over your supply chain.
Factoring turns unpaid invoices into working capital, reducing cash flow gaps caused by long customer payment terms. With Jobe, you get predictable access to funds, allowing you to plan ahead, cover expenses, and invest in growth with confidence.
Many businesses across manufacturing, distribution, staffing, and professional services use factoring to stabilize cash flow and keep operations running smoothly. If your business invoices customers on net terms and experiences delays in payment, factoring can help you stay liquid.
Yes! Factoring is flexible, meaning you can use it more during peak seasons when cash flow is tight and scale back when revenue is steady. This makes it a great solution for businesses with seasonal demand cycles.
Yes. Jobe doesn’t just provide funding—we also handle invoicing and collections for factored invoices, reducing your administrative workload. This means fewer headaches chasing payments and more time to focus on running your business.
If a customer is slow to pay, Jobe’s team handles follow-ups and collections professionally. If you have a recourse factoring agreement, you may need to repurchase the invoice after a certain period. If you choose non-recourse factoring, Jobe assumes the risk if the customer becomes insolvent. Either way, we work to ensure payments are received as quickly as possible.
Freight factoring ensures you get paid quickly for completed loads instead of waiting 30, 60, or even 90 days for brokers or shippers to pay. Jobe advances most of your invoice amount upfront, giving you immediate cash to cover fuel, maintenance, payroll, and other operating expenses—so you can keep your trucks moving without financial delays.
Yes! Jobe offers fuel card programs that provide discounts at major truck stops, helping you save on operating costs. We also provide fuel advances in some cases, ensuring you have access to cash before you even deliver the load. Talk to our team to find the best option for your business.
Yes, Jobe factors invoices from both freight brokers and direct shippers, as long as they meet our credit criteria. We also offer credit checks on brokers and shippers before you accept a load, so you can haul with confidence knowing you're working with reliable partners.
If a broker or shipper is late on payment, Jobe handles collections on your behalf. Our team follows up professionally to ensure payment is received as quickly as possible. With non-recourse factoring, if the broker or shipper becomes insolvent, you are protected from repurchasing the invoice.
Yes! As a Jobe customer, you have access to credit checks on brokers and shippers before taking a load. This helps you avoid unreliable payers and ensures you’re working with partners who have a strong payment history.
Jobe offers same-day or next-day funding once your invoice is approved. As long as your paperwork is submitted correctly, we process payments fast—so you don’t have to wait weeks to access your earnings.
Yes, we understand that trucking comes with high upfront costs. Factoring with Jobe provides the cash flow needed to cover insurance down payments, repairs, and other startup expenses, making it easier to keep your business running smoothly.
Yes! As a Jobe customer, you get access to nationwide load boards, helping you find high-paying freight and keep your trucks on the road. We make it easier to secure consistent work, so you spend less time searching for loads and more time earning.
