Category Archives: Freight Bill Factoring

I am a Freight Broker

I understand that a factor would pay me in a day or two, but how long does it take a factor to pay my carriers if I choose that type of plan? I have good carriers and want to keep them happy.

Growth and Finance

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What could your company do with unlimited financing? Could you double or even triple your business with profitable business if you had unlimited funding? As the freight industry continues to change form, new freight opportunities become available each day. Everyday shippers are seeking new carrier resources due to bankruptcy and carriers reducing fleet sizes and service areas.

Wire transfer fees

Do factors have a charge to wire money to my account?

Deposits and reserves

Do factoring companies require a deposit or hold funds in reserve?

Other Factoring Fees

Are there any other fees, upcharges or additional services, other than the percentage of my freight bills, that a factor charges?

Freight Bill Factoring for Canadian Transportation Companies

I am located in Canada and take shipments from U.S. based shippers. Does this create a problem to secure factoring services?

Is there a time contract for factoring?

Is there normally a minimum time in a factoring agreement? 6 months? 12 months? Is there a discount for a longer term?

Owner Operator Factoring Programs

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There are factoring programs for Owner Operators too

I am a new broker

I am a new broker, and having a difficult time establishing credit with some carriers. Are there any factoring companies who will pay or guarantee payment to the carriers on my behalf?

Can I factor loads I haul from brokers?

My loads are half broker loads, can I factor them?