Keep the truck rolling while the broker takes 30, 60, or 90 days.
Freight factoring turns delivered loads into faster cash so fuel, insurance, maintenance, and driver pay do not have to wait for slow broker or shipper terms. Compare the factoring and working-capital routes that fit your lanes, your customers, and your fleet size — right down to freight factoring in Toronto, Calgary, Edmonton, Winnipeg, Montreal, and Vancouver.
Not ready to apply?Call or text 780-830-8726— a real person, no credit pull.Trucking cash flow breaks between delivery and payment.
Most of the financial pressure hits before the customer pays. This turns that invisible wait into a visible route.
Accept the load
Fuel, time, dispatch, insurance, permits, and truck wear start before any receivable exists.
Deliver freight
The work is complete, but the carrier still needs clean paperwork to turn the load into fundable value.
Submit POD
Rate confirmation, proof of delivery, invoice, and broker details become the file a factor reviews.
Advance cash
Most of the freight bill can be advanced so fuel, payroll, and the next load are covered.
Broker pays
When the broker or shipper pays, the reserve is released minus the factor fee.
Freight factoring is not the same as a business loan.
Factoring pulls forward money from delivered loads. Working capital covers costs that do not have a clean freight invoice behind them.
Match the pressure before matching the lender.
Freight factoring
Advance eligible freight bills after delivery instead of waiting on broker or shipper terms.
Check factoring fit →Working capital
Cover a repair, insurance renewal, fuel pressure, or payroll when there is no invoice to factor yet.
Compare working capital →Business line of credit
For steadier carriers that want access to funds they can draw, repay, and reuse.
Explore line of credit →Asset financing
Vehicle and equipment financing usually belongs with IronFinance because the asset is the collateral.
Route to IronFinance →Price the gap load by load.
This quick planner shows the pressure between gross freight revenue, upfront trip costs, advance rate, and how long the customer takes to pay.
Carrier cash-read
This load can create a useful same-week cash bridge if the paperwork is clean and the customer is fundable.
The customer matters more than the truck.
Because the factor collects from the broker or shipper, the file is built around who owes the money and whether the load paperwork is clean.
The cheapest rate is not always the best deal.
For carriers, the real comparison is speed, fuel-card value, broker credit checks, monthly minimums, recourse exposure, and whether you can choose which loads to factor.
Compare the whole dispatch package.
Advance rate is the number carriers quote each other. Fee timing, monthly minimums, contract exit, and what happens when a broker pays late are where the cost actually shows up.
| What to compare | What it means | What to watch for |
|---|---|---|
| Advance rate | The share of the freight bill paid to you up front, before the broker pays. | A high advance can hide a worse fee, or a reserve that is slow to release. |
| Fee structure | Whether the fee is flat per invoice, or tiered by how long the customer takes to pay. | Tiered fees keep climbing on slow brokers, so price them against your real days-to-pay. |
| Funding speed | How fast cash lands once the rate confirmation, proof of delivery, and invoice are submitted. | Same-day funding keeps the next load moving; a two-day wait can idle the truck. |
| Monthly minimums | The invoice volume you commit to factoring each month. | A minimum set for your busy season can cost a seasonal carrier in shortfall fees. |
| Contract length and exit | The term you sign for, the notice period to leave, and any early-termination fee. | A long term with a steep exit fee removes your leverage if service or pricing slips. |
| Broker credit checks | The factor’s credit review of a broker or shipper before you accept the load. | Turning down one customer that will not pay protects more margin than a small fee discount. |
| Late or non-payment | What the agreement does when the broker pays late, or never pays at all. | Under recourse the invoice can come back to you, so confirm the buyback window before signing. |
A one-truck operator and a ten-truck fleet should not get the same offer.
Owner-operators usually need fast funding, no heavy minimums, and fuel savings. Larger fleets may care more about lower rates, back-office tools, dispatch integration, and customer credit visibility across many invoices.
How fast do freight factors pay?
Often same day or next day after setup, once the factor has the rate confirmation, proof of delivery, invoice, and customer details.
Can a new authority qualify?
Often, yes. The factor is mainly underwriting the broker or shipper that owes the invoice, not just the carrier’s years in business.
Do I have to factor every load?
It depends on the agreement. Some require all invoices; others allow spot or selective factoring.
What if I need money before the load is delivered?
That is usually a working-capital conversation, not factoring, because there is no completed freight invoice to advance yet.
Turn delivered freight into cash for the next mile.
Tell us about your lanes, brokers, invoices, and timing gap. No credit pull to start — a real person reviews the file.