Factoring for Freight Brokers
Factoring for Freight Brokers
Grow your business and build your reputation among carriers and shippers.
Freight broker factoring helps ensure your client relationships run smoothly, with credit assurance for carriers and shippers nationwide. By partnering with OTR Capital, you can maximize efficiency and strengthen the reputation of your freight brokerage company.
- Get cash for your shipper invoices within 24 hours.
- Protect your reputation and broker credit ratings.
- Focus on getting new customers instead of on billing.
Get cash for your shipper invoices within 24 hours.
With freight factoring, you can get paid for invoices right away, instead of in 30-90 days.
Factoring companies for freight brokers let you get paid in advance for slow-paying invoices. This immediate cash flow, which is easy and quick to secure, provides you with more disposable income to cover your expenses. Instead of waiting 30 to 90 days for a shipper to pay you so you can pay the carrier, get next day ACH and same day wire on margins for just a small factoring fee.
Protect your reputation and broker credit ratings.
Show carriers that you’re trustworthy with factoring that gets them paid fast and helps protect your credit score.
When you work with OTR Capital, one of the top factoring companies for brokers in the industry, you can eliminate the stress of paying carriers while ensuring that they get their cash quickly and reliably. Your funds are available within 24 hours of the invoice being submitted and then carriers have the option of Net 21 ACH payment or 2 Day ACH Quickpay. Plus, because OTR Capital is committed to paying carriers on time, you can ensure your credit score is perfect.
Focus on getting new customers instead of on billing.
Spend your time growing your business instead of worrying about billing and collecting.
What’s one thing you get when you work with one of the best factoring companies for freight brokers? Peace of mind and the freedom to work on growing your business. With OTR Capital, freight brokers no longer have to worry about billing or collecting — the OTR Capital team will take care of that, which leaves you free to focus on finding new customers.
"OTR Capital is a wonderful company to work with. They go above and beyond to meet your needs. Everyone I have worked with has always been really nice and professional. I would recommend OTR Capital to everyone looking for a great factoring company."
- Nicole Ives
"OTR Capital is one of the best things that has happened for our company Sal-Trans Express, Inc. Their Customer service is of the best quality. Provide detailed explanations to all questions asked and truly always look out for their customers. Their personalized services have allowed our company to scale quickly and allowed us to make the necessary decisions for our company.."
- Eduardo Salazar
Slow invoicing can create an unstable financial environment for you and your carriers. When you use freight broker factoring with OTR Capital, you can skip the stress of late payments and secure cash invoices in less than a day. Proving your trustworthiness will keep carriers coming back to you, which means more and better business. Plus, factoring your invoices is easier and more cost-effective than taking on a bank loan and incurring debt.
If you’re looking for a reliable partner to get you cash fast, there’s no better choice than OTR, one of the industry’s leading freight factoring companies for brokers. Instead of having to wait the typical 30 to 90 days for a customer to pay, you’ll get next day ACH and same day wire on margins. Further, you’ll be able to eliminate the stress of paying carriers since OTR gives carriers the option of Net 21 ACH payment or 2 Day ACH Quickpay for each invoice you factor.
All of these advantages can help you improve your credit score and leave you free to focus on getting new customers. Plus you’ll be working with a dedicated operations team so you can get the answers you need when you need them.
OTR Capital’s reliable invoicing means you can grow your business capital, leaving you free to focus on finding new customers instead of worrying about billing and collecting.
Even better, OTR Capital’s partnership with DAT allows your brokerage company to gain nationwide visibility, which helps you to attract new clients and expand your reputation. Plus, OTR Capital’s in-house credit team ensures you’re only working with credit-worthy customers, so you can be confident that each partnership you make is a good one. As one of the leading factoring companies for brokers, OTR Capital helps drive your success every step of the way.
Start factoring your invoices today!
Partnering with OTR Capital will give you transparent pricing, same-day invoice processing, and peace of mind.
Register with OTR Capital today to control when and how you get paid!