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We approach every new partner as a unique one. We’ll develop a custom freight broker factoring program for you, which will include everything from spot factoring to competitive flat rates with no reserves. We always stay flexible, with 24/7 accessibility. We know trucking isn’t a 9-5 business, and we’ll take care of you whenever the need arises. When your situation or your needs change, we’ll adapt your program to suit them. Our team wants to keep you on the road and on time.
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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 the trucking industry.
We enhance our factoring services through unique perks only available from FactorLoads:
- 24/7 full factoring services
- 24/7 roadside assistance
- Spot factoring — choose what loads you want to factor
- Reasonable flat rates.
- No monthly minimums or reserves
- Get cash within minutes of delivery
- Same-day setup
- Use of databased for customer preapprovals
- Recourse & non-recourse programs
- 24/7 cash advances
- No contracts & obligations
- Get advanced 40%-60% of the load when you pick it up
- Fuel discounts
- 24/7 unlimited free credit checks
- No hidden fees
- Complimentary load board accounts
- Custom factoring plan developed around your company’s needs.
Factoring For Owner-Operators
FactorLoads is a factoring 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.
Factoring For Freight 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. This 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.