Mid-Size Truck Company Factoring
Innovative Mid-Size Truck Company Factoring
FactorLoads offers more options for mid-sized trucking companies than other factoring companies, helping you retain flexibility in your factoring requirements.
In addition to our Non-Recourse options, many of our mid-sized trucking company customers have asked us for a Recourse option. Because many of our mid-sized customers typically enjoy greater cash flow than some of their smaller competitors, our recourse program enables them to enjoy lower factoring rates by assuming some of the risk.
The FactorLoads Philosophy
The FactorLoads philosophy is to build solid relationships with our customers through excellent service and mutual trust. That’s why our customers stay with us long term and those who try our competitors almost always come back.
Read the Fine Print
Recourse factoring often is viewed as risky because many recourse factoring programs advertise a low factoring rate, but then include a variety of hidden fees which frequently take additional monies out of the pocket of carriers. The FactorLoads recourse factoring program is different. All fees are clearly spelled out up front and easy to understand. We can work with you on a case-by-case basis to help determine whether this is the right option for you.
The FactorLoads Recourse Program
Here’s how it works: when you submit your freight bills for payment in our recourse program, we pay you all your money up front with no reserve or holdback account to manage. Our factoring fee percentages vary based on whether you have had us hold a security deposit, the length of time you want to allow the customer to pay, and more. Our program is completely customizable to meet your needs and is built upon your understanding of how your customer operates. Any necessary chargebacks are taken from future fundings; we make you aware of them before they happen and give you the opportunity to resolve them with your customer. With FactorLoads, you are in the driver’s seat when it comes to managing your money.