When you submit your freight bills for payment in our recourse program, we pay you all your money up front with no reserve or holdback account to manage. Our factoring fee percentages vary based on the length of time you want to allow the customer to pay, and more. Our program is completely customizable to meet your needs. Any necessary chargebacks are taken from future funding; we make you aware of them before they happen and give you the opportunity to resolve them with your customer.
With FactorLoads, you are in the driver’s seat when it comes to managing your money. All fees are clearly spelled out up front and easy to understand. We call this Transparent Factoring Services. We can work with you on a case-by-case basis to help determine whether this is the right option for you. Locking you into a fixed contract isn't what we're about. We would prefer to offer customized solutions to your unique load factoring needs.
Your needs vary from those of another company, and can even vary from period to period. Unlike large trucking companies that often have relatively stable delivery and invoicing schedules, your small or medium business needs to be flexible and reactive to the changing needs of your customers. In months where you're busy, you won't have the time to handle all of your back-office invoicing, while during slower times you need to be sure you have fast and easy access to your cash to keep your doors open.
FactorLoads adapts to your reality and ensures that the cash keeps rolling in. Spend your time focused on satisfying your current customers and finding new ones while we manage all of your freight invoice factoring. We invite you to contact our team today and we’ll tell you how our recourse program can benefit your business. With our clear and straightforward recourse option, you know exactly what you’re agreeing to and what you can expect.
We’ll work hard to get you your cash right away and offer the lowest fees possible. That keeps more of your money in your pocket and gives you access to cash advances at any time. Fill in our online contact form or give us a call and we’ll spell out all of the details of our competitive recourse program for your trucking company.
Non-recourse literally means the factor doesn't have recourse against you if they aren't paid for your load. Under non-recourse, the factor is accepting the risk of nonpayment.
It’s important to understand the difference between recourse factoring and non-recourse factoring to make the right decision for your company. While the fees are only slightly higher for our non-recourse program, the major benefit is that we don’t take chargebacks if your customers don’t pay. That kind of security goes a long way for your small business and can even help keep your lights on and trucks moving when times get tough.
We make it easy for your business to take advantage of our expert load factoring services with our non-recourse program. Most small- and medium-sized trucking companies qualify. Contact our team and we’ll review your current contracts and help you determine if recourse or non-recourse freight factor loading is best for your business.
No matter which solution you choose, you get fast access to your cash, available cash advances, assistance for all of your back-office invoicing and accounting, help to find roadside assistance and a whole host of other advantages.
Best of all, there’s no confusing contract to sign and you're free to move on at any point if you no longer want us managing your freight invoice factoring. If your needs change, our custom program allows you to switch from recourse to non-recourse or vice versa if your needs change. You won’t find that kind of flexibility anywhere else!
There’s no risk and lots to gain, so contact us today and we’ll give you even more details on our recourse versus non-recourse factoring options for your freight business. We let you get back to focusing on the heart of your business: providing valuable on-time shipping services to all of your customers and creating a name for your trucking company as the most reliable and trustworthy in the industry.