Truck Factoring
Truck Factoring
Looking to better manage your cash flow? Take advantage of truck factoring through DAT’s partner OTR Solutions.
When it takes weeks or even months for invoices to go through, carriers and owner-operators are put in a tough spot financially. But with the truck factoring services of OTR Solutions, you can get paid quickly — within 24 hours of submitting your invoice — while they take care of billing and collecting.
- Use truck factoring for owner-operators to get paid fast.
- Save on truck factoring services in the long-run.
- Streamline your truck factoring with the DAT load board.
Use truck factoring for owner-operators to get paid fast.
Stay ahead of the curve with factoring and gain financial peace of mind.
Even while you wait for your invoices to go through, your business expenses continue to march forward. Instead of waiting 30 to 60 days and getting behind on your finances, OTR Solutions will pay you in 24 hours or less. Keep your cash flow running smoothly and keep on trucking in the meantime with truck factoring!
Save on truck factoring services in the long-run.
For a small fee, factoring services eliminate one of the most common financial issues for carriers.
When you use OTR Solutions, truck factoring for owner-operators becomes easy. The solution works by purchasing your invoices with a small, flat discount as their fee. For carriers, this is much more preferable to waiting months to get paid, and there are no other hidden fees or hoops to jump through. Get paid reliably on time with DAT’s truck factoring partner!
Streamline your truck factoring with the DAT load board.
Make truck factoring for owner-operators a seamless part of your business.
OTR Solutions’ truck factoring services integrate directly into the DAT load board, so that carriers and owner-operators can find the best loads on the market, and ensure that they get paid fast for those loads. And when you’re searching for loads on the go, use the DAT One app to factor freight as well!
"OTR Solutions 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 Solutions to everyone looking for a great factoring company."
- Nicole Ives
"OTR Solutions 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
Truck factoring, also known as freight factoring, is when a company buys your invoices for a small fee. You get paid right away, and the factoring company then handles getting your original customer to pay the invoice. For many carriers, getting paid within 24 hours for a small fee is a far better outcome than waiting 30 to 90 days for payment.
Carriers can factor loads by finding reputable factoring companies to take on their invoices. From there, the process is simple: the factor pays you, with a small fee deducted, and then assumes full responsibility for the invoice.
There are some cases in which carriers or owner-operators may decide that truck factoring is unnecessary. But for most, the delay in invoice payments can be disastrous for their business. With that being the case, truck factoring is a great way to avoid taking on any extra debt from a disrupted cash flow.
Not at all! If you’re working with a broker or shipper that you’ve worked with before and know will pay your invoice in a timely manner, then factoring may not be necessary. However, not every broker or shipper is created equal, and it’s essential that carriers look out for the best interests of their business and their finances. For times when there is uncertainty regarding your invoice or if you can’t wait to get paid, factoring is the perfect option.
Today, factoring is a standard practice that’s widely accepted across many industries, and particularly within the trucking industry. When you choose a reliable company like OTR Solutions to take care of your invoices, you can rest easy knowing that you’re getting the most competitive prices with the highest quality customer service.
At DAT, we are proud to partner with OTR Solutions, one of the best factoring companies in the industry. The difference comes down to the transparency and honesty they bring to their clients. Even better, our partnership means that OTR Solutions’ truck factoring services are integrated directly into the DAT load board. Simply look for the blue check mark next to a load and find the best loads for factoring with ease!
Don’t be left empty-handed — factor with DAT’s partner OTR Solutions today!
OTR Solutions is the leading truck factoring services company in the industry. Take advantage of rapid payment and gain confidence in having a healthy cash flow. Contact us to learn more about how you can start factoring your loads!