Factoring for
Trucking Companies
We design a custom factoring program around your company’s unique needs. As a trusted factoring company for trucking companies, we provide funding solutions that free up cash so you can keep your trucks on the road.
do you have a contract already?
Freight Factoring contract reviews
If you currently work with a factoring company, our sales team experts are happy to review your contract and help you see where you could save money. This is just one more way we’ve proved ourselves to be one of the most trustworthy and best factoring companies for the trucking industry.
Along with this essential service, we offer an array of other benefits, discounts and perks designed to help trucking companies grow.
We believe in transparency, and we practice it in the way we communicate with you and the way we do business. We customize our truck factoring services to your company’s needs to ensure every transaction runs smoothly. Our back-office support is available 24 hours a day, seven days a week.
Reach out today to see how we can save you money over your current factoring contract.
how trucker factoring works for owner-operators
FactorLoads is a freight factoring services company for truckers. Truckers “sell” their invoices to FactorLoads. We pay the trucker immediately and handle the collection of payments for them. With FactorLoads handling your invoicing and collection processes, your drivers can spend more time doing what they do best — moving loads quickly and safely.
We started our business helping owners and owner-operators of small- and medium-sized trucking companies compete with the big boys and continue to offer support to this important backbone of the transportation industry.
Benefits of
working with FactorLoads:
Our services are designed to keep cash flowing so you can grow your business and keep your trucks rolling. It’s easy to see how FactorLoads has become an industry-leading factoring company for truckers.
We enhance our factoring services through unique perks only available from FactorLoads:
24/7 full factoring services
24/7 cash advances
24/7 roadside assistance
No contracts and no obligations
Spot factoring — choose what loads you want to factor
Get advanced 40%-60% of the load when you pick it up
Reasonable flat rates
Fuel discounts
No monthly minimums or reserves.
24/7 unlimited ree credit checks
Get cash within minutes of delivery
No hidden fees
Same-day setup
Complimentary Load Board account
Use of our database for customer preapprovals
Custom factoring plan developed around your company’s needs.
Choosing the Right
factoring Company
When researching factoring companies for trucking companies, be aware of the benefits, rates, and contracts that are offered in the industry.
A significant number of freight factoring companies operate with limited transparency. They offer great rates and incredible benefits only to hit you with hidden fees and limited access. Always read the fine print and ask lots of questions. You may find holdbacks, fluctuating rates, and minimums that will bog down your business. When you choose FactorLoads as your factoring company for your trucking business, you are choosing benefits like: flat rates, clear terms, no long-term contracts, and most importantly, a partner you can trust.
factorloads factoring services
for trucking businesses
At FactorLoads, we earn your trust by providing excellent service and outstanding benefits. As a leading freight factoring company for truckers, here are just some of the ways our factoring services for small trucking companies build long-term relationships and give you a leg up in this competitive industry.
Fast Cash Flow Right Away
Your trucking company needs consistent cash flow to thrive, so you shouldn’t have to wait on unpaid invoices. FactorLoads gives you fast and easy access to your cash so you can move on to the next load. We’ll handle the collections process.
Convenient Back-Office Support
Our back–office support takes care of all of your paperwork and makes sure your cash is available when you need it. That means streamlined bookkeeping and reports that will help you file your taxes. Our back-office support simplifies freight factoring so that you can focus on moving goods and getting paid, not pesky paperwork.
Custom Freight Factoring Programs
Freight factoring should be on your terms, not some pre-planned program that doesn’t work with your trucking company’s unique goals. With our flat-rate plan, you get custom factoring that suits your business. As your business changes, we change with you. We work to adapt and create a new program that ensures your success.
Some of our factoring programs include the following:
- Recourse
- Non-recourse
- Spot factoring
why
Factor Loads
FactorLoads is a pioneer in the industry. We were the first truck factoring company to offer around-the-clock cash advances and full factoring services. And we continue to be the only truly transparent freight bill factoring company for truckers.
We have an A+ rating with the Better Business Bureau. When it comes to trucking factoring companies for owner-operators, mid-sized trucking companies and freight brokers, you can’t do better than our program and unmatched back-office support. Our staff is available 24/7, every day of the year, to help you with your needs. No matter what day or night you’re on the road, we are available by phone.
Since 1996, we have built our reputation as a leading factoring company for trucking companies. To make factoring easy for you and create a positive relationship, we focus on being:
Transparent:
We explain our services in detail and never hide anything from you while handling all your factoring paperwork.
Innovative:
You won’t find our great combination of factoring and trucking company services at other factoring providers.
Helpful:
When you contact us, we find fast solutions that fit your situation by studying your business’s unique requirements.
Dependable:
At any moment of your day, you can count on us to have a live person available to help you with your needs, not just another automated system.
Economical:
Our flat-rate, no-hidden-fees approach means we can offer greater value and help you grow your business.
Keeping You on the road
With 24/7 factoring support
With years of experience under our belt, we’ve come to learn that for customers like you, a truck breakdown isn’t merely an inconvenience. It can have a significant impact on your business in several ways:
Late deliveries cost you money.
A broken truck can damage goods.
Missing deadlines can ruin your reputation.
A breakdown can affect other shipments.
This is why we’re proud to offer 24/7 factoring for trucking companies. Other invoice factoring companies for trucking are only available during regular office hours. That doesn’t do you much good if you need roadside assistance late at night or need to set up last-minute invoice factoring to get cash on the weekend. The same goes for cash advances. Only you know when you need your money, so we give you access to it 24/7.
Get Set up with
FactorLoads Today
We look forward to hearing from you and creating your personalized invoice factoring program to give a boost to your business. Call or contact us and find out how we’ve become the leading factoring company for the trucking industry and put us to work for you!
If you want to work with us but are currently under contract with another freight factoring company, give us a call. We can review your current terms and work to get your account transferred. Dial 1-866-218-0030, extension 4, to speak with a specialist. To connect online, fill out our convenient quote form.
We look forward to helping you build your business.
Factoring Companies For
Trucking Companies
Choosing the right factoring company for your trucking business can make a big difference in your day-to-day operations. Here are a few commonly asked questions when it comes to factoring companies in the trucking industry.
What Is Freight Factoring?
Freight factoring is a financial solution that allows trucking companies to get paid right away for the work they complete. Rather than waiting for a customer to pay an invoice (which can sometimes take up to 60 days), a factoring company purchases invoices and pays a percentage of the money on the invoice to the carrier within 24 hours of delivery. This allows trucking companies to access their hard-earned cash quickly, so that they can keep their trucks moving.
How Can Freight Factoring Help My Trucking Business Grow?
Freight factoring unlocks access to your money as quickly as possible, once the load has been delivered. By keeping cash flow loose, trucking companies are better able to cover expenses such as fuel, insurance, maintenance, and payroll. A trusted factoring company can also handle a lot of back-office paperwork, leaving you free to focus on your customers and growing your business.
What Should I Look For When Choosing A Factoring Company?
When choosing a factoring company for your trucking company, look for a partner you can trust. Many factoring companies offer great rates only to hit you with hidden fees and restrictive programs. Be sure to ask a lot of questions and look for benefits like:
- No contracts or obligations
- No hidden fees
- Flat rates
- Spot factoring
- Recourse and non-recourse options
- Custom plans
At the end of the day, you want to choose a factoring company that will act as a trusted partner in helping your company flourish.