Our Non-Recourse owner-operator factoring programs are geared primarily to owner-operators and small trucking companies. With non-recourse factoring, your business gets paid on the day you factor your loads through us without fear of customers going out of business and not paying you. We protect you if your customer does not pay – with our non-recourse owner-operator factoring program, we never pass bad debt back to you.
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Benefits of working with FactorLoads over traditional freight bill factoring companies and utilizing owner-operator factoring:
- Get advanced 40%-60% of the load when you pick it up
- Get paid within minutes of delivery by faxing us your bills
- Factor your invoices on a customer-by-customer basis
- Factor your invoices on a load-by-load basis
- Use our database to determine whether your customers are pre-approved
- We will never ask you to send us all your freight bills
- Invoice your reliable and quick-paying customers on your own
- We will never ask you to sign a long-term contract
- No hidden fees
- No monthly minimums
Unlike our competitors, we do not require you to send us a minimum dollar volume per month. This is great for owner-operators and small trucking companies who may not produce much volume some months. It also benefits larger companies that want to factor only when they need money in a crunch. We want you to use us only when you need us.