What’s a good factoring company?

None, that I would use.

 

Some have commented ...

Love's Factoring?

 

Truckstop.com in a sense that they are not requiring any minimums, escrow deposits and you don't have to submit all of your accounts receivables to them, and I think the contract does not call for any specific period either but in order to terminate you must pay them $250 or something like that. A letter of release to a single broker is $20.

For example, I signed up with them to have them just in case but I did not factor a single invoice yet. I put them on my back burner so they are there in case there is a need for me to factor anything ever. 2.99% non recourse. The ACH deposit is only one dol.

 

I use comfreight/ haulpay.

 

I use apex. Have no complaints

 

I used Apex for about 8 years. Easy to apply. Easy to end service and get a general release.
I still use their fuel card.

I recommend you get a line of credit or a short term loan before factoring. Factoring is expensive.
Good luck

 

truckstop factoring great. they are non recourse.

 

can ya tell me about the haulpay am in search of factoring company thx

 

Haulpay is 3.5% fee. They have an approved "list" of brokers they'll factor non recourse, if the broker isn't approved they won't factor their load, at least in my experience. You just use their app or website and search broker mc number to see if they're approved and just add them to your customer list if you book the load. If I already have the customer setup with me usually and takes 2/3 days before I see payment in my account, add a couple days if you added customer at the same time you submitted your rate con, bol, pumper receipt, etc. If you can use the broker apps (convoy, uber, jbhunt, etc.) you can use the haulpay app.

I personally use a mix o haulpay/ comfreight, broker quick pay, and a few broker 30 dtp.