Factoring company
For Freight Brokers
Let ustake care of you and your carriers,
So you can grow your business.
As a freight broker, your job is to get goods from point A to point B. As a trusted factoring company for brokers, FactorLoads helps keep your business running smoothly by giving you faster access to cash that is tied up in unpaid invoices.
You serve as the intermediary between your customers and the carriers transporting products. But if slow-paying shippers bog down your business, you need reliable, transparent freight factoring services to get paid quickly. You need FactorLoads.
We work with small- and medium-sized freight brokerages to help manage freight invoices and get you quicker access to cash. That means paying your carriers sooner and building a solid relationship founded on reliability and trust.
Give us a call now to see how we can save you money over your current factor.
There can be many reasons why you’re having a hard time getting payment from your carriers:
Customers who drag their feet making payments
Carrier cash flow problems (due to their own invoicing issues)
Problems with routes and weather conditions delaying deliveries
Issues with truck breakdown or equipment failure
In the end, it doesn’t matter what the reason is for delayed payments. The end result is the same: you’re stuck without the cash you need. As a small broker, you count on consistent cash infusions to keep your own clients happy and to grow your business. You need cash to recruit new customers and a few late payments (30, 60 or even 90 days) can really hamper your business.
This is where FactorLoads comes into play as one of the best factoring companies for new freight brokers. Standing out among factoring companies for brokers, we combine a long list of benefits and advantages that you won’t find elsewhere.
What is
Factoring for Brokers?
Factoring for freight brokers is when a factoring company purchases unpaid freight bills and advances cash to your freight brokerage. At FactorLoads, we collect payment and pay the carriers for you. Freight broker financing means less time chasing receivables and more energy and resources to:
- Focus on day-to-day operations.
- Build your clientele.
- Repair equipment.
- Grow your freight brokerage.
understanding broker
factoring services
Choosing the right freight factor for your freight brokering company comes down to knowing what you should look for. The best factoring companies for brokers give you the tools to succeed, help you with back–office support and make sure your carriers get paid fast.
Don’t settle for anything less than:
Full back-office support
Detailed accounting reports
Assistance with tax filing
Cash advances available 24/7
Access to your cash when you need it
Freedom from restrictive contracts
Support finding roadside assistance
Don’t settle for anything less.
Your freight brokering company needs flexible access to cash according to your schedule. Stop letting your clients and cosignees dictate when you’ll get paid. Harness the power of our industry-leading invoice factoring services for the freight brokering industry. We tailor our services to the unique needs and expectations you have and won’t lock you into a complicated and costly plan that doesn’t suit your business.
Let us handle the stress for you.
Spend less time worrying about your back-office paperwork and invoicing and let us do it for you. With nearly 30 years of industry experience, our team won’t waste time reviewing your current contracts and identifying where we can help improve them. Above all else, we’ll get your cash to you right away so you can put it into your day-to-day operations, repairing your equipment, finding new customers, or wherever you feel your cash is best spent.
factorloads factoring solutions
for freight brokers
When you trust FactorLoads with your freight bill factoring, we make the process simple by providing unparalleled services for freight brokers. As one of the best factoring companies for freight brokers, we offer a unique combination of benefits designed to help your business succeed.
- Cash right away: Don’t let unpaid invoices slow you down. When you partner with FactorLoads, we help you access your cash right away, giving you the freedom to grow your business and keep your clients happy.
- Back-office support for accounts receivable: Our team has the experience necessary to take care of all of your back-office factoring work and streamline the entire process with your customers.
- Invoice factoring: Spend less time managing paperwork and handling invoices. Let FactorLoads do it for you so you can simplify your back-office workload and get paid faster.
- No contracts: At FactorLoads, we believe in flexibility in order to meet the ever-changing needs of your business. That’s why we’ll never lock you into complicated or costly contracts.
- Contract reviews: You may be tied into contracts that are difficult to understand or renegotiate. Our experts can review your contract to uncover hidden fees and other factors that will bind you to less-than-favorable terms. Minimums, holdbacks, limits on support, fluctuation rates, let us read the fine print for you.
- 24/7 factoring assistance: Our full factoring services are available 24 hours a day, seven days a week.
Benefits of
Working With FactorLoads
Accounting reports: We provide accounting reports that you can pass on to your accountant at tax time.
No contracts or obligations: Freight brokerages work with us for our excellent services — not because they’re bound to a contract.
Competitive flat rates and no hidden fees: We offer a flat rate that does not change, so you always know what to expect.
Same-day setup: Choose FactorLoads and benefit from our freight bill factoring service right now.
No reserves or monthly minimums: We pay you upfront with no reserve or monthly minimums to manage.
24/7 unlimited FREE credit checks: Need a credit check? No problem.
Cash within minutes of delivery: We don’t waste time getting you your money.
Spot factoring: Choose what loads you want to factor.
Fuel and maintenance discounts: Pass along excellent savings opportunities to your carriers.
FactorLoads database access: Use our database to determine a customer’s pre-approval status.
Custom factoring program: We design our services around your company’s needs.
Complimentary load board access: These broker-specific tools are ideal for load posting and carrier finding.
Connect With FactorLoads About Your Brokerage Needs
Start your partnership with FactorLoads, and let us show you how our services can help you build your business. Contact us online for a free quote.
Learn More About
factoring Companies for brokers
Can New Freight Brokers Use Factoring?
Yes, new freight brokers can use factoring to establish consistent cash flow. Freight factoring can help you access funds sooner, rather than waiting upwards of 60 to 90 days. This can help you build strong relationships that support business growth.
Does FactorLoads Pay My Carriers Directly?
Yes, FactorLoads helps manage the payment process by collecting payment from customers and paying carriers for you. This reduces the administrative burden and streamlines your brokerage’s operations.
Do I Have To Factor Every Load?
No, FactorLoads prides itself on providing flexible, transparent factoring solutions, including spot factoring. Spot factoring allows you to choose which invoices you’d like to factor. This lets you tailor your factoring activity to your current cash flow needs and long-term goals.
How Is Factoring For Brokers Different From Factoring For Carriers?
The main difference is whose invoices are being factored and how the funds are used.
- Freight Broker Factoring: The factoring company purchases eligible invoices that the broker sends to shippers or freight customers. The broker then receives faster access to cash, while the factoring company collects payment and pays the carriers.
- Carrier Factoring: The factoring company purchases eligible invoices that a trucking company sends to a broker for completed transportation services. The carrier receives payment sooner instead of waiting for the broker to pay.
Both services help improve cash flow, but factoring for brokers helps bridge the gap between collecting from shippers and paying carriers.