If you’re in the trucking business, there’s a good chance you’ve come across the concept of freight factoring. One of the primary benefits of freight factoring is that it allows you to maximize your operation’s cash flow by getting paid immediately, eliminating the need to wait months after you deliver a load. More importantly, you save additional time and money by streamlining your invoices and removing the hassle of collecting overdue payments.

FactorLoads was the first company to offer 24/7 freight factoring services to owner-operators, startups and small trucking companies. Selecting our freight factoring service enables you to secure your payment within 24 hours of delivery, ensuring you have the capital you need to run your business. We strive to build long-term relationships with all our clients through superior support, industry-leading benefits and mutual trust. 

What Is 24/7 Freight Factoring Service and Why Is It Important?

Freight factoring is the most efficient way to receive payment for your deliveries without waiting for the client to pay the invoice. When you allow a company like FactorLoads to handle your billing, we pay you immediately when you deliver a load and collect the payment from your client. Additionally, we help reduce the hours you spend on paperwork, giving you more time to focus on the core duties of your operation.

Choosing a reliable and trustworthy freight factoring company is vital. While some competing companies may offer a lower front-end rate, they often have hidden back-end fees or contract commitments that significantly affect your payment amount. At FactorLoads, we aim to offer competitive rates while providing you with complete transparency every step of the way.

Benefits of Using 24/7 Freight Factoring Services for Your Trucking Operation

FactorLoads has helped clients for years by offering transparent full factoring services 24 hours a day, seven days a week. As soon as we approve your client for payment, the money becomes available in your account for easy access around the clock.

Additional benefits of using our freight factoring services include:

  • Immediate cash to cover your freight bills.
  • Fast cash advances for load factoring — up to 60% from when you secure the load for delivery.
  • Competitive rates with no reserves.
  • Unlimited credit checks on your clients 24/7.
  • Database access showing which of your clients are already approved.
  • The ability to factor loads or bill your clients directly.

Advantages of Partnering With FactorLoads

If you’re concerned about the current requirements of your existing contract, our experts can review it for you to help uncover any hidden fees or required commitments. We set ourselves apart from the competition by offering you a special rate based on your specific loads. We also provide custom factoring programs tailor-made to your company’s requirements.

Other advantages of partnering with FactorLoads include:

  • Same-day account setups with no hidden fees.
  • Fuel cards that provide discounts at truck stops and fuel centers across the United States.
  • Custom financial reports that offer insight into your business.

Learn More About Freight Factoring With FactorLoads Today

If you want to learn more about how our services can benefit your trucking operation, the experts at FactorLoads can guide you. Discover why small fleets and owner-operators consistently choose our services over larger competing companies. Connect with us online or call 1-866-218-0030 today to get started.