Questions and answers

What does factoring cost?

One flat 2.5% of each invoice. No application fee, no ACH fee, no credit check fee, no monthly minimum and no termination fee.

How much do I get up front?

95% of the invoice when we fund it. We hold 5% as a reserve. When the broker pays, we take our 2.5% fee from the reserve and release the rest to you.

When is the reserve released?

Every week. You can see your reserve balance and every release in the carrier portal.

How fast is funding?

Same day for verified invoices when the rate confirmation, BOL and POD are in by 3pm CT.

Is there a long contract?

No. 30-day notice to leave, no auto-renewal and no termination fee.

Is it recourse or non-recourse?

Recourse. If a broker hasn't paid after 90 days, that invoice is charged back against your reserve or future fundings. We tell you that up front, and we run free credit checks so you can avoid slow-paying brokers before you haul.

Can I check a broker before I book the load?

Yes. Broker credit checks are free and unlimited for our carriers.

I already factor with someone else. Can I switch?

Yes. We review your current contract, work out the buyout with your old factor and handle the Letter of Release, so you are not stuck in the middle.

What do I need to apply?

Your MC/DOT number, W-9, certificate of insurance, bank details, owner ID, a list of the brokers you haul for, and details of any current factor or liens.

Still have a question? Contact us.