Your Money, Without the Wait
Here's the trucking industry's worst-kept secret: brokers routinely take 30 to 60 days to pay. Meanwhile your fuel, insurance, and truck payment are due now. That gap kills more small carriers than low rates ever will.
Freight factoring closes the gap. You sell your unpaid invoices to a factoring company, and they advance you 90–97% of the invoice value — usually within 24 hours. They collect from the broker later. You keep rolling.
And this is important: factoring is not a loan. No debt, no interest piling up — it's your own money, just faster.
How It Works
- You deliver the load and submit your paperwork (BOL, rate con)
- The factoring company verifies and advances 90–97% — usually next day
- They collect the full amount from the broker on normal terms
- You receive the remaining reserve, minus a small fee
- Fuel advances available so you never stall between loads
What We Do For You
- Connect you with reputable, carrier-friendly factoring companies
- Help with the full setup and your Notice of Assignment (NOA)
- Coordinate all invoicing so paperwork never delays your money
- Transparent guidance on advance rates and fees — no reserve tricks
- Ongoing support if any invoice hits a snag
How Factoring Actually Works
Five steps between delivering a load and money in your account — most of it handled for you.
Deliver the Load
You haul the freight and get the signed BOL / proof of delivery like always. Nothing changes on the road.
Submit the Invoice
Send the rate con and POD to the factoring company — usually through a simple app or email. Takes two minutes.
Get Your Advance
Within 24 hours (often same day), 90–97% of the invoice value hits your account. Fuel up, pay insurance, take the next load.
They Collect
The factor collects from the broker on normal 30–60 day terms. You never make another "where's my money" phone call.
Reserve Released
When the broker pays, the factor sends you the remaining balance (the reserve) minus their small fee. Every dollar accounted for.
Repeat & Grow
Each load funds the next. Carriers on factoring run more miles per month simply because cash flow stops being the bottleneck.
Fee Structure, Explained Honestly
Factoring costs money — anyone who tells you otherwise is selling something. Here's what legitimate factoring actually costs and what to watch for:
- Factoring fee: typically 1.5%–3.5% of invoice value, depending on volume and broker credit quality
- Advance rate: 90–97% paid upfront; the rest (reserve) released when the broker pays
- Watch for: monthly minimums, invoice upload fees, wire/ACH fees, and long termination notice periods
- Recourse vs. non-recourse: with recourse, you buy back the invoice if the broker never pays; non-recourse costs more but shifts that risk to the factor
- Our job: steer you to factors with clean contracts — no reserve tricks, no hidden monthly minimums
A 2.5% fee on a $2,000 invoice is $50. Waiting 45 days for that $2,000 — while your fuel card is maxed and insurance is due — costs far more than $50. That's the real math.
Haul Today. Get Paid Tomorrow.
90–97% advances in 24 hours. No more waiting 30–60 days.
Chat on WhatsAppNOA: Notice of Assignment
The NOA is a one-page notice telling your brokers: "send payment to the factoring company, not the carrier." It's standard, brokers see hundreds of them, and it doesn't hurt your relationships — in fact, brokers prefer it because factors pay attention to paperwork.
- We prepare and send NOAs to your brokers
- Usually acknowledged within 1–3 business days
- One NOA per broker — then it's automatic
Who Factoring Is For
Factoring isn't a loan — there's no credit check on you and no debt on your books. Approval is based on your customers' creditworthiness (the brokers), which is why even brand-new authorities qualify.
- New MC authorities welcome — no operating history required
- Owner-operators and fleets up to 10+ trucks
- No personal credit check, no collateral
- Works alongside our dispatch service seamlessly
Factoring vs. Quick-Pay vs. Loans
Broker Quick-Pay
- 2–5% fee — often more than factoring
- Only works with brokers who offer it
- No collections help, no credit checks
- Payment speed varies by broker
Factoring
- 1.5–3.5% fee, 90–97% advance in 24h
- Works with every broker via NOA
- Free broker credit checks & collections
- Not a loan — no debt, no credit check on you
Business Loans / MCA
- Interest or factor rates far above 3.5%
- Personal guarantee usually required
- Debt on your books, payments regardless of freight
- Merchant cash advances can spiral fast
Factoring FAQ
No and no. Factoring is the sale of your invoices at a small discount — not borrowing. There's no debt, no interest, and no credit inquiry against you. Approval depends on your brokers' payment history, not yours.
Submit your invoice and POD in the morning, and the advance (90–97%) typically lands within 24 hours — many factors fund same-day. Compare that to 30–60 day broker terms.
That's the reserve. When the broker pays the factor (on normal terms), the reserve is released to you minus the factoring fee. You always see a full accounting of every invoice.
Depends on the contract — some factors require all invoices, others allow selective factoring. We'll point you toward flexible agreements without monthly minimums where possible.
Yes. New MC numbers are welcome because approval is based on broker credit, not your history. This is exactly why factoring pairs so well with our dispatch service for new carriers.
Legitimate factors let you terminate with written notice (typically 30–60 days). We help you avoid contracts with evergreen auto-renewals or punishing termination fees — read before you sign, and we'll read it with you.
The Cash-Flow Math That Matters
A truck grossing $6,000 a week with 45-day broker pay terms has roughly $36,000 of its own money floating in someone else's account at any given time. For a one-truck operation, that's the difference between growth and survival mode.
Factoring turns that $36,000 float into fuel in your tank, on-time insurance, and the confidence to take the next load instead of parking the truck. It's the single highest-ROI move a cash-strapped carrier can make.
Stop Chasing Your Own Money
Message us — we'll connect you with a factoring company that treats carriers right.
Set Up Factoring on WhatsApp