Summar Financial
2299 SW 27th Ave, Miami, FL 33145
Primary product: Freight factoring
About Summar Financial
Summar Financial, founded in 2004, factors freight invoices for carriers and small fleets, funds payroll for staffing firms and finances export receivables. Fees typically run 1% to 3% with advances of 80% to 90%, and carriers get same-day payments, fuel advances of up to 50% and non-recourse factoring. Programs are available with or without minimum-stay terms, clients choose which customers to factor, and a dedicated account manager supports every account.
Financial Products
- Freight factoring
- Non-recourse factoring
- Recourse factoring
- Spot (single-invoice) factoring
- Purchase order financing
- Fuel advances
- Minimum credit facility
- $500K
- Maximum credit facility
- $15M
Industries Served
Featured Services
- Dedicated account manager
- No minimum fees
- Non-recourse option
- Single-invoice factoring
- Same-day funding
- Free credit checks
- Online portal
- Fuel advances
Standard Terms
| Startup fee | Contact for pricing |
|---|---|
| Contract term | Contact for details |
| Advance rates | 80%–90%Source, checked 2026-11-05 |
| Factoring fee | 1%–3%Source, checked 2026-11-04 |
| Minimum volume fees | NoneSource, checked 2026-11-05 |
| Additional fees | Termination fee appliesSource, checked 2026-11-05 |
| Reserves | Contact for details |
| Recourse | Recourse and non-recourseSource, checked 2026-11-04 |
| Funding speed | Within hoursSource, checked 2026-11-05 |
* Actual terms may vary. Your quote is set by the company for your volume and customers.
More factoring companies
Summar Financial
Request a Quote