FAQ’S

Freight factoring, also known as transportation factoring or freight bill factoring, acts as a middle man, to generate cash flow for the Carriers. Freight factoring companies will take the invoices for the loads that you run, allowing you to get paid immediately instead of waiting the 30, 60, or even 90 days pay out time. This is especially beneficial for owner operators who need to generate working capital to continue running their freight.

In the trucking industry generating fast working capital is the most essential aspect to maintain and grow your business. So how does it work? Trucking company submits their invoices to us and we process it immediately with a very small fee, allowing you to have the capital you need to run your business. What is our incentive in this? The small fee that we charge you while we are awaiting up to 90 days to get paid.

There are many factoring companies, but it’s essential to choose a factoring company that specializes in trucking industry. The benefit of working with us is that our staff specializes in freight factoring services and knows the challenges of the industry.
We also offer same day funding with minimal paperwork requirement to qualify. No hassle, no hidden fees is our motto. At Hartford and Holloway, you will be assigned to a dedicated team who is knowledgeable with your account, so you will always know who to reach out to. One point of contact to ease the process.

We offer both Recourse and Non-Reourse Factoring.
In recourse factoring, the factoring company does not take on the risk of unpaid invoices, meaning it will be the responsibility of the Carrier. In Non-recourese factoring, the factoring company will take on full responsibility regardless the customer pays us or not. We offer both recourse and non-recourse payment options, so please give us a call to determine what time of factoring best suits your business needs.

Being familiar with the trucking industry, we are well aware of the immense paperwork you need to complete for basic qualifications, but at Hartford and Holloway, we keep it simple. Speak with one of our experts, answer few questions, and get your approval within 24-48 hours. It as simple as that.