Freight Broker Factoring
As a freight broker you are often caught in the middle of the payment cycle needing to be paid in order to pay your carriers. With Freight broker factoring you no longer have to worry about your cash flow and how long shippers will take to pay you because when you partner with Tetra Capital as your factoring company for freight brokers you will be paid within hours. Not only will this free you up to focus on other things and grow your business but freight broker factoring will improve your credit rating by allowing you to pay your carriers more quickly.
Tetra Capital has been helping a freight broker in Utah get payments within hours for them and their carriers. Here is what Johnny, owner of the Utah based freight broker had to say about his 6 years of using freight broker factoring services from Tetra Capital:
“Tetra Capital is the only factoring company for brokers we would think of using. Their ability to get us paid the same day has allowed us to grow our business by improving our relationships with our carriers, improve our credit rating and saves us time and money by not needing to devote time or effort to invoicing, processing and collecting of our invoices.”
Contact us today about freight broker factoring
How Freight Broker Factoring Works
Book the load and dispatch a truck.
Submit your invoice once delivery is confirmed.
Get paid within hours. Including payments to your carriers.
Benefits of partnering with Tetra Capital as your factoring company for freight brokers
Tetra Capital is a factoring company committed to helping freight brokers. Our goal is to be your partner and help you grow your business and our experienced team will do everything to make that possible. We accomplish this by providing a multitude of benefits to our clients, including:
- No hidden or extra fees including no Documentation Fee, Application Fee, ACH/Direct Deposit Fee, Filing Fee, Due Diligence Fee, Administration Fee and Termination Fee.
- No long-term contracts.
- FREE credit checks on your new clients, helping to reduce the payment risk.
- We handle invoicing, processing, postage, collecting and more.
- The option to offer your carriers “Quick Pays”.
- You have the option to choose how quickly your carriers are paid.
- We organize payment directly to your carriers, so you don’t have to manage carrier payments.
- Save time and money by emailing copies of your with our electronic batch submission service.
There are many factoring companies for freight brokers but none other than Tetra Capital have been named one of the best trucking factoring companies by digital.com in 2020 and 2021 and by Factoring Club in 2018, 2019 and 2021!
Getting paid has never been easier with Tetra Capital’s freight broker factoring program.
At Tetra Capital we pride ourselves on being the best factoring company for brokers so give us a call today at (801) 676-0182 to learn more about our Freight Broker Factoring program and how it can help you and your business.