Rather than waiting between 30 to 90 days to get paid for your invoice, you can get paid within 24 hours of submitting your invoice when you use freight factoring. The factoring company buys your invoice from you for a small fee and then pays you your margin right away. From there, the factoring company will be responsible for getting your customer to pay them. It’s out of your hands. 

They are — when you use a trustworthy factoring company like OTR Solutions. With OTR Solutions, you can ensure you’ll be paid for your invoices without any fees or delays.

Freight factoring costs are calculated as a percentage of your invoice, generally 2% or more. Although that cost may appear very low, some companies have additional (often hidden) fees on top of the base factoring percentage, allowing them to advertise a lower upfront rate. 

With OTR Solutions, there are never any hidden fees. What you see is what you pay.

Slow invoicing can cause a lot of problems for freight brokers. By getting the cash you need when you need it, you can strengthen your relationships, improve your credit score, and prove your trustworthiness.

At DAT, we believe OTR Solutions is the best factoring company in the industry. Prices are presented upfront so you never face any surprises. Plus, OTR Solutions dedicated team is always available to support you and your brokerage. Even better, our partnership means you can see which loads can be factored right from the load board.