Freight Factoring for Transportation Companies
"Freight Factoring Specialists"
We are a new breed of factoring company, specializing in Transportion Factoring.
We offer a unique “Spot Factoring service”, Factor one invoice or every invoice.
Take control over your finances.
Thank you for considering our Freight Factoring Services.
- Our Freight Factoring Service caters to the needs of the owner operator and small trucking company
- You are paid the same day we receive your paperwork.
- No reserve account or holdback of money in our Freight Factoring Program!
- Our Freight Factoring Program gives you the freedom to choose which customers to factor and which to invoice on your own, you can even choose to factor some invoices for a customer and have us bill the rest for you.
- No minimum monthly volume requirements.
- When you factor a load in our Freight Factoring Program, we accept the credit risk; this protects you from bad debt.
- No long term contracts.
- Our Freight Factoring Service includes Fuel Discounts at many popular Travel Center Franchises.
- Our Freight Factoring Program offers Preventive Maintenance Discounts at Petro Stopping Centers.
- Volume Freight Bill Factoring Rebates.
- Get paid in cash for every load you deliver.
- Use our Fedex discount program to get the paperwork here quickly and cheaply.
- Get your own Comdata Comchek card with direct deposit capabilities and ATM access.
- Full Freight Factoring administrative support - including credit management, invoicing, collections, account reporting, expense reporting, fuel card management and much more!
Freight factoring is the process whereby truckers “sell” their invoices to a freight factoring company which, in turn, pays the trucker immediately and then collects the payment for a small percentage of the driver’s profit. Working with the freight factoring experts at www.factorloads.com has significant benefits; we pay our truckers quickly and free them from worry about when and whether their customer will pay. Our freight factoring customers just submit their bills of lading to us and we handle the rest. Unlike most freight factoring companies, we do not hold back any portion of the drivers’ pay until the customer pays. We require no monthly minimums, either. On the day we receive the invoice, our freight factoring experts load up the driver’s Comdata card with his or her pay, less our percentage. Our freight factoring rates are highly competitive and our drivers know precisely when and how much they will be paid. With Factorloads handling their invoicing and collection processes, our freight factoring customers have more time to work on growing their businesses. And isn’t that what it’s all about?
Click here to view our Account Management Systems.
To get started or call 1-866-218-0030 today with any questions.
Startup companies welcome. Get your business started on the right foot. Haul loads for quality customers, strengthen your credit with positive cash flow, and have our professional account managers represent your company as you make your name in the industry.