What is factoring in trucking?

What is factoring in trucking?

Factor your loads to quickly gain access to the cash you need to run your business.

Carriers and owner-operators often have to wait weeks or even months for payments. Not only is this frustrating, but it can also hurt your business! After all, if you don’t have any cash, you can’t cover your fuel, maintenance, and other day-to-day costs. Enter freight factoring from OTR Solutions.

  • Get paid within just 24 hours
  • Quickly access true non-recourse factoring
  • Say goodbye to hidden fees

Get paid within just 24 hours

Access cash quickly with freight factoring services from OTR Solutions.

Transporting freight involves a lot of work. You’ll need to find, negotiate for, and deliver loads. On top of that, you also have to handle your cash flow. Unfortunately, slow payment times are common, leading to cash flow gaps.

That’s where factoring in trucking comes in. With factoring services, you’ll get your cash within a day and won’t be 100% reliant on timely customer payments or loans.

Quickly access true non-recourse factoring

Let OTR Solutions take on the risk of unreliable customers for you.

Recourse factoring is an excellent fit for many companies, but sometimes non-recourse factoring is the way to go. However, most companies that claim to offer non-recourse factoring actually don’t. In fact, many companies will only fulfill their promise if your customer files for bankruptcy!

Luckily, OTR Solutions is different. It offers the only true non-recourse factoring in the industry. That means when you factor with OTR, they’ll take on the risk should a customer refuse to pay — and you can keep any money you’ve already received.

Say goodbye to hidden fees

OTR Solutions provides trucking invoice factoring services without any pesky hidden fees.

Hidden fees can creep up on you when you least expect it and throw your entire budget into disarray.

The good news is that you won’t have to worry about hidden fees when you use OTR Solutions’ freight factoring services. Instead of slipping costs past you, OTR Solutions has transparent pricing so what you see is what you’ll pay.

"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

Start freight factoring with DAT’s trusted partner, OTR Solutions

Ready for transparent pricing and same-day freight invoice factoring? Check out OTR Solutions’ freight factoring services.

When you work with OTR Solutions, you’ll receive payments quickly, and they’ll handle the billing and collecting. Register with OTR Solutions today to get paid promptly and gain peace of mind!

OTR Solutions

DAT's factoring partner