Why Carriers Need a Factoring Company
In the trucking industry, it can take 30 to 90 days for brokers or shippers to pay
for completed loads. Waiting that long can cause cash flow problems — especially
when you need to cover fuel, maintenance, insurance, and driver pay.
A factoring company solves this issue by purchasing your invoices and
paying you the same day or within 24 hours after the load is delivered.
This means you get your money fast, while the factoring company waits to collect payment from the broker or shipper.
Factoring helps you:
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✅ Maintain steady cash flow
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✅ Cover fuel and operating costs quickly
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✅ Eliminate long payment waits
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✅ Focus on driving and growing your business
At ORI Freight Dispatch, we invoice carriers directly after each load, but we do not provide factoring services. You will need your own factoring company to ensure smooth and timely payment.
How Payment Works with Factoring
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You deliver the load and submit your signed Bill of Lading (BOL) and Rate Confirmation.
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The factoring company pays you, usually within 24–48 hours.
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The factoring company then collects payment from the broker or shipper when the invoice is due (typically in 30 days).
Recommended Factoring Companies
Here are a few trusted factoring partners that many carriers use successfully:
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TAFS Factoring – Offers same-day funding, fuel cards, and 24/7 support.
🌐 https://www.tafs.com -
OTR Solutions – Known for quick payments, transparent rates, and mobile app convenience.
🌐 https://otrsolutions.com -
RTS Financial – Provides flexible plans, fuel discounts, and strong industry reputation.
🌐 https://www.rtsinc.com
Having a factoring company ensures you get paid promptly for your hard work, keeps your business running smoothly, and allows ORI Freight Dispatch to process your loads efficiently without payment delays.