Over-The-Road (OTR) Freight Factoring
Freight Factoring for Over-The-Road Carriers
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Seamless Freight Factoring for Over-the-Road (OTR) Trucking Companies
Running an over-the-road (OTR) trucking business means managing high operational costs while waiting 30, 60, or even 90 days for shippers and brokers to pay their invoices. When fuel, maintenance, and payroll demand immediate cash, waiting for your hard-earned money isn't an option.
Freight factoring solves this cash flow bottleneck. Our specialized transportation factoring services turn your open invoices into immediate working capital, ensuring your fleet stays on the road and your business keeps moving forward.
What is OTR Freight Factoring?
Freight factoring—also known as transportation invoice factoring—is a financial tool where a trucking company sells its active invoices to a factoring company at a slight discount. Instead of waiting weeks for broker payouts, you receive the majority of your invoice value within 24 hours. Once the broker pays the invoice, the remaining balance is released to you, minus a small factoring fee.
Why Choose Our Transportation Factoring Services?
We understand that long-haul trucking requires speed, reliability, and flexibility. Our factoring programs are designed specifically to meet the unique demands of OTR fleets and owner-operators.
- Same-Day Funding: Get cash advanced into your bank account or onto fuel cards within 24 hours of load delivery.
- Competitive Advance Rates: Receive up to 95% or more of your invoice value upfront.
- Flexible Factoring Options: Choose between recourse and non-recourse factoring to protect your business against unpaid broker debts.
- Free Broker Credit Checks: Avoid bad debt by vetting brokers and shippers through our free, real-time credit check system before you accept a load.
- Dedicated Account Management: Work with transportation specialists who handle invoicing, collections, and paperwork so you can focus on driving.
Keep Your Fleet Moving with Our Fuel Card Program
Fuel is the single largest expense for OTR trucking companies. To help you maximize your cash flow, we integrate our freight factoring services with a robust fuel card program. You can route a portion of your factored funds directly to your fuel cards, unlocking significant discounts at major truck stops nationwide and keeping your drivers moving without delay.
How Our Freight Factoring Process Works
Getting funded is simple, streamlined, and completely digital:
Deliver the Load
Complete your haul as usual and gather your paperwork, including the Bill of Lading (BOL) and rate confirmation.
Submit Your Invoice
Upload your documents through our secure online portal or mobile app.
Receive Your Cash
We verify the invoice and advance the cash directly to your account or fuel card within hours.
We Collect the Payment
Our professional collections team handles the payment collection from your broker or shipper.
Partner with a Trusted Freight Factoring Company Today
Do not let unpaid invoices stall your business growth. Whether you operate a single hot shot truck or manage a fleet of dry vans, reefers, or flatbeds, our customizable factoring solutions provide the financial stability you need.