Business Details
Freight Factoring Services for Truckers in Utah
FactorLoads is a freight factoring company dedicated to providing financial solutions for trucking businesses. With years of experience, we specialize in helping owner operators, midsized trucking companies, and freight brokers maintain positive cash flow through flexible payment options. Our services include spot factoring, recourse and non-recourse programs, and transparent factoring with no hidden fees. We prioritize customer satisfaction by offering 24/7 support, fast cash settlements within minutes of delivery, and same-day setup for new clients. Our team works closely with each business to develop customized factoring programs tailored to their unique financial needs.We pride ourselves on eliminating contractual obligations, monthly minimums, and cash holding periods to provide maximum flexibility. Our commitment to transparency and reliability extends to offering fuel discounts, complimentary load board access, and free payment cards to enhance operational efficiency. FactorLoads has earned a reputation as a trusted partner in the trucking industry by consistently delivering fast, dependable financial solutions.
Services
Freight Factoring
Spot Factoring
Flexible Payment Options
Transparent Factoring
Recourse Programs
Highlights and features
- We offer 24/7 personalized customer support with immediate assistance available.
- Our fast cash settlements occur within minutes of delivery confirmation.
- We provide transparent factoring with no hidden fees or contractual obligations.
- Our flexible payment options include EFS and Comdata fuel card integrations.
- We deliver same-day service setup with no monthly minimum requirements.
What people say
Fast cash settlements
Excellent customer service
Helpful staff 24/7
Significant fuel savings
Easy setup process
Services
Freight Factoring
Our freight factoring service provides immediate cash flow by purchasing your outstanding invoices. Trucking companies receive payments within minutes of delivery confirmation, eliminating wait times for customer payments. This service helps maintain steady cash flow for operational expenses, driver payments, and business growth.
Spot Factoring
Spot factoring allows trucking companies to choose specific invoices for factoring. This on-demand service provides financial flexibility without long-term commitments. Companies maintain control over their accounts receivable while accessing immediate funds for critical business needs.
Flexible Payment Options
We offer EFS and Comdata fuel card integrations for instant fund access. These payment methods eliminate late payment risks and streamline financial operations. Trucking businesses can manage expenses efficiently while maintaining purchasing power.
Transparent Factoring
Our transparent factoring service guarantees no hidden fees or unexpected charges. All costs are clearly disclosed upfront, allowing businesses to make informed financial decisions. This approach builds trust and long-term partnerships with our clients.
Recourse Programs
Recourse factoring programs provide immediate payment for submitted invoices. Businesses benefit from predictable cash flow while maintaining responsibility for invoice collection. This service balances financial security with operational flexibility.
People
Jennifer Wright
President/CEO
Jennifer Wright leads FactorLoads with extensive experience in financial services for the trucking industry. She focuses on strategic growth and client satisfaction through innovative factoring solutions.
Michele Kelly
Vice President
Michele Kelly oversees operations at FactorLoads, ensuring efficient service delivery and continuous improvement in financial solutions for trucking businesses across North America.
Charis Udolph
Chief Financial Officer
Charis Udolph manages financial operations at FactorLoads, bringing expertise in accounting and risk management to support sustainable growth and client financial stability.
Henry Ferreyra
Business Development
Henry Ferreyra specializes in expanding FactorLoads' client base through personalized outreach and education about factoring benefits for trucking companies of all sizes.
Jamie Egbert
AR Specialist
Jamie Egbert provides accounts receivable expertise at FactorLoads, helping clients navigate invoice processing and payment solutions with professional, timely support.
Questions
What is freight factoring?
Freight factoring is a financial service that allows trucking companies to receive immediate payment for completed loads instead of waiting for customer payments.
How does FactorLoads process payments?
We process payments within minutes of delivery confirmation through our streamlined factoring system and electronic fund transfers.
Are there contract requirements?
No contracts or monthly minimums are required for our factoring services.
Do you offer 24/7 support?
Yes, our team provides 24-hour assistance 365 days a year for all client needs.
What payment methods do you accept?
We support EFS and Comdata fuel cards for immediate fund access and expense management.
Are fuel discounts available?
Yes, we offer fleet pricing discounts at major fuel stops through our payment card partnerships.
Reviews (2)
Inna Wolfe
Oct 29, 2021
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Critical:Professionalism,Quality,Value
Employees do not seem to care to help very poor attitude no customer service at all.
Employees do not seem to care to help very poor attitude no customer service at all.
G. Brothers Logistics
Oct 26, 2021
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Absolutely the worst company in the industry, lazy employees that wont help and deny just about every broker out there
