BIG RIVER FINANCIAL
Freight Factoring Services
What is freight factoring?
The factoring process allows carriers to get paid upfront for the invoices they have outstanding with brokers, rather than waiting 30-90 days to get paid.
Giving carriers better cash flow to pay drivers, cover expenses & keep trucks moving without delays from slow payments.
24 Hr. Funding
Deliver today, money in your bank as soon as tomorrow.
Load Reports
Load and payment reports tailored to your company’s needs.
Direct Pay
Electronic deposits direct to the accounts you register.
Client Portal
Save, submit and manage your loads in one place.
Credit Check
Know who you are working with, verify broker payment history.
Pay Stubs
Receive individualized stubs with payment breakdowns.
How it works:
01
Transport & Delivery
A carrier transports a load for a broker and completes delivery successfully.
02
INVOICING
Load documents are uploaded to the client portal and submitted to factoring for processing.
03
Get paid
The factoring company advances payment for the load, minus the factoring fee, and invoices the broker.
04
Load is closed
When the broker pays the invoice, 30-90 days later, the amount previously advanced is repaid and the invoice is closed.
We understand cash flow is the lifeblood of you business.
Simple to Use
We’ve built our factoring services around providing you with the financial support and tools you need to keep your operations running smoothly.
Fast Funding Solutions
Getting you paid in as little as 24 hours after your paperwork is verified. This means you can pay your drivers, cover fuel costs, make repairs – whatever your business needs without delay.
Industry leading network of brokers
This gives you access to an unmatched variety and volume of loads from reputable partners you can trust. With our powerful networking capabilities, you’ll always have opportunities to keep your trucks moving profitably.
