Tired of waiting 30 or 40 days to get paid? FactorLoads can make it easy for you: your money will be in your account right away! FactorLoads is a freight bill factoring company for owner operators and small trucking companies that focuses exclusively on your needs. With flat rates that go from 5.4% to 6.9%, FactorLoads assures an immediate payment without a reserve account or holdback of money that could put your money at risk.
The company factors on a customer-by-customer basis, and if you do not want to factor every load your customer gives you; you can choose which loads to factor and which ones to bill. FactorLoads does not require a minimum monthly volume and has a non-recourse freight bill factoring. Unlike most factoring companies, FactorLoads has no long term contracts and it offers great fuel and preventive maintenance discounts.
Additionally, all customers are eligible to receive complimentary accounts on the NetTrans Load Board, one of the first Internet load boards, and also for discounted factoring rates. Customers get a Fedex discount program as well. The program delivers paperwork quickly and pays just as soon as a Comdata card with direct deposit capabilities and ATM access.
Finally, FactorLoads offers administrative support, including credit management, invoicing, collections, account reporting, fuel card management and much more! You can even monitor each step of the factoring process with an online account manager.
FactorLoads takes away your worries and improves the way you get paid, plus it gives you a lot of benefits, from an incredible flexibility to excellent fuel and maintenance discounts. It is clearly the best factoring option out there to do the factoring.