Without Factoring, Trucking Is a Cash Flow Nightmare. We Fix That for Free.
One truck, new authority, just getting started. We have heard every reason factoring companies say no. We know exactly who says yes.
Here is the reality nobody tells you when you buy your first truck. Brokers pay in 30, 45, sometimes 60 days. Your fuel bill does not wait 45 days. Your truck payment does not wait. Your insurance does not wait. Without factoring you are essentially financing every single load out of your own pocket and hoping the money shows up before you run dry.
Most new carriers go looking for a factoring company and run into the same wall. Too new. One truck. Not enough volume. The companies that do say yes charge you 5, 6, sometimes 7 percent and bury the real terms in a contract most people do not read until it is too late.
We have relationships with factoring companies that work with Canadian carriers at every stage. We match you with the right one, walk you through the terms and get you set up so your cash keeps moving from your very first load. Every Truck Relay carrier gets this. No charge. No referral fee. Nothing.
We Know Who Says Yes
Most factoring companies turn away new carriers with one truck. We work with companies that don't. If you have a truck and all the required docs, we find you the right fit.
No Huge Percentages
Some factoring companies see new carriers coming and charge whatever they want. We make sure you understand exactly what you are signing before you sign anything.
Zero Cost to You
We do not charge you to find your factoring company. No referral fees, no hidden cuts, no percentage of your deal. We do it because it keeps your truck moving and that is good for everyone.
Carriers without factoring spend an average of 30 to 45 days waiting on broker payments. With the right factoring company in place you get paid within 24 hours of delivery. We get you there for free.
How It Works
Tell Us Your Situation
New authority, one truck, just getting started or already running and still struggling to get approved. Tell us where you are at and we take it from there.
We Match You With the Right Company
We go through our network of factoring partners and find the company that makes the most sense for your operation, your volume and your equipment type.
We Walk You Through the Terms
Before you sign anything we sit down with you and go through what you are agreeing to. Rates, contract length, recourse versus non-recourse. No surprises six months down the road.
You Start Getting Paid Fast
Once you are set up you submit your invoices and get paid within 24 hours of delivery. Your cash flow problem is solved before your next load hits the road.
Common Questions
I only have one truck and a brand new authority. Will anyone actually approve me?+
Yes. That is exactly who we help. The factoring companies in our network work with carriers at every stage including day one. If you have a truck and you are hauling loads we will find you someone who says yes.
What percentage do these factoring companies charge?+
It varies by company and by your situation but we make sure you understand the full picture before committing to anything. We are not going to send you into a contract that does not make sense for your operation but most likely it would be under 3 percent.
Is there a difference between recourse and non-recourse factoring?+
Yes and it matters. Recourse factoring means if the broker does not pay the invoice you are on the hook for it. Non-recourse means the factoring company absorbs that risk. We explain both and help you decide which one fits your situation.
Do I have to be on a specific Truck Relay plan to get this?+
No. This is available to every Truck Relay carrier regardless of which plan you are on.
What if I already have a factoring company but I am not happy with them?+
Talk to us. If your current setup is not working we can look at what else is out there and help you make a switch if it makes sense.
Your Truck Should Not Sit Because a Broker Has Not Paid Yet.
We get you connected with the right factoring company at zero cost so your cash flow never stands between you and your next load.
No fees. No runaround. Just the right company for your truck and your lanes.