Truckers Factor
You already did the work. You shouldn't have to wait 45 days to get paid for it
Truckers Factor is the invoice factoring service of the Truck Owners and Drivers Association. Submit your freight bill, get funded, and let us deal with the broker.
Flat 3%, and it never goes up · Broker credit checked before you haul · No minimum volume
Why This Exists
Fuel is due Tuesday. The broker pays in 45 days
That gap is not a cash flow inconvenience. It is the single mechanism that keeps a working owner-operator from ever getting ahead. You carry the fuel, the insurance, the payment, and the payroll on your own back while the load you already delivered sits on somebody else's aging report.
Factoring closes that gap. It is a legitimate tool and most carriers who use it are better off for it. But the industry that grew up around it has spent forty years writing contracts that are very hard to read and very hard to leave, and truckers sign them at the exact moment they have the least leverage — when the money is already gone.
Truckers Factor exists because an association that answers to truckers should be the one holding that contract, not an outsider profiting off every mile of your life on the road.
From Load to Cash
Five steps, and four of them are ours
The only part that belongs to you is sending the paperwork.
Check the broker
Run the broker's payment record before you accept the load, while you can still turn it down.
Send the freight bill
Upload the invoice and proof of delivery from the cab. Under a minute.
We verify
We confirm the load and the paperwork so the broker has nothing to dispute later.
You get funded
Money moves to your account. See the rate section below for terms.
We collect
No chasing, no collection calls, no aging report. That part is ours.
Included
What the back office would have cost you
Broker credit screening
Check a broker's payment history before the load, not after the invoice ages. The association's network sees payment behavior no single carrier can see alone.
Collections and administration
We invoice, we follow up, we take the calls. You drive.
No minimum volume
Factor one load or your whole book. Never both by force, and never because a contract said so.
Find Your Fit
One truck or a hundred
Owner-Operator
You are the driver, the dispatcher, and the accounts department. This removes one of those jobs.
Small Fleet — 2 to 24 trucks
Payroll does not wait for a broker's terms. Turn the receivable, keep the drivers.
Growing Fleet — 25+ trucks
Volume pricing, consolidated reporting, and one point of contact across the whole book.
Rates and Terms
Three percent. That's the entire rate card
It does not move. Not at 30 days, not at 45, not at 60. If the broker drags, that's our problem to chase — the number you were quoted is the number you pay.
Nothing is held back. No reserve, no holdback, no waiting for a release. You receive 97% of the invoice and that is the last time anyone touches it.
Why flat beats low
You will see rates advertised well under 3%. Read what the number is attached to. A quoted rate of 1.5% is usually the first tier of a schedule that steps up as the invoice ages — 3% at 30 days, 4.5% at 45, higher past 60. Brokers routinely pay in 30 to 45 days. That means the advertised rate is very often not the rate anybody actually pays.
Flat means the advertised rate is the rate. It also means we carry the cost of a slow-paying broker instead of passing it to you, which is the correct place for that risk to sit, since we are the ones who screened the broker in the first place.
Name every circumstance in which the invoice comes back to me
That is the question we tell you on the how it works page to put to every factoring company you talk to. Here is our answer to it, in the same type size as our rate.
The broker goes insolvent — files bankruptcy, closes its doors, ceases to exist. We carry it. You keep the money.
That is what our non-recourse covers, and it is the only thing it covers.
- The broker disputes the load
- The load was late, short, damaged, or refused
- The rate doesn't match the confirmation
- The paperwork doesn't support the claim
- The load was never delivered
Every one of those is a dispute, not a credit failure, and no factoring company in this country covers them — including the ones whose marketing implies otherwise. We are putting it on the same page as our rate rather than on page nine of an agreement, because you were going to find out eventually and it is better for both of us that you find out now.
This is also why we screen the broker before you haul. The cheapest dispute is the load you didn't take.
What you are not signing up for
No term. No minimum volume. No auto-renewal window to diarise, and nothing to buy your way out of. Factor one load, factor every load, factor nothing for four months and come back in the fifth. The arrangement lasts exactly as long as it is useful to you.
If you have factored before, you already know why that paragraph is on this page.
Become an Associate
Declare your unity
Associate status is confirmed through the Declaration of Unity — a short online form confirming your connection to the trucking industry. No dues, no paperwork, no waiting.
Associate status does not get you a better rate here, and it can't. The rate is 3% flat for everyone who walks through the door — a rate that bends for members isn't a flat rate, and the whole point of ours is that it doesn't bend for anybody.
What it gets you is the thing the rate pays for. An association that argues for truckers where the decisions actually get made, and a network wide enough that broker payment behaviour stops being rumour and starts being data. The broker screening at the top of this page only works because Associates report what happened to them. Every carrier who joins makes that check sharper for the next one.
FAQ
The questions worth asking before you sign anything
What does it cost?
A flat 3% of the invoice face value. You receive 97%, there is no reserve held back, and the rate does not increase if the broker pays slowly.
Does the rate go up if my broker pays late?
No. That is what flat means. A tiered rate shifts the cost of a slow broker onto you; ours does not, and since we screened the broker in the first place that risk belongs with us.
Do I have to factor every load?
No. There is no minimum volume and no requirement to commit your whole book. You choose which invoices to submit.
What is the difference between recourse and non-recourse?
Non-recourse means we absorb the loss when a broker cannot pay because it has gone insolvent. It does not mean we absorb disputes. If a broker refuses payment over a late, short, damaged, or contested load, that invoice comes back to you. That is true of every factoring company in this country; we just say so out loud.
How does the broker know to pay you instead of me?
A notice of assignment goes to the broker directing payment to us. This is standard in every factoring arrangement, and it is worth understanding before your first invoice rather than after.
What happens if the broker never pays?
It depends entirely on why. If the broker went under, that is ours. If the broker is withholding payment over a dispute about the load, the invoice returns to you and we will help you pursue it. Screening the broker before you haul is how we keep both of us out of that situation.
Do Associates get a lower rate?
No. Everyone pays a flat 3%, members included. A rate that moves for some customers is not a flat rate, and flat is the promise we would rather keep.
Am I locked into a contract?
No term, no minimum volume, no auto-renewal, no buyout fee. Factor one load or your whole book, stop for a season, come back when you want.
Do I have to be an Associate to use this?
No. Same rate, same terms, same broker screening whether you declare unity or not. We are not going to hold a service back to sell you a membership.
It is worth knowing what joining actually does, though. The broker screening at the top of this page works because carriers tell each other who paid and who didn't — every Associate who reports a slow broker makes that check sharper for the next driver who runs it. And when the association argues for truckers in front of people who write the rules, the only thing that carries any weight is the number standing behind it.
The Declaration of Unity takes a minute and costs nothing. It is the difference between using what truckers built and being one of the truckers building it.
Is this available outside the United States?
Truckers Factor currently operates across the United States. The association's network spans other countries, and each chapter develops the services its own members need.
By the Truckers. For the Truckers.
Stop financing the broker's payment terms out of your own pocket
Submit an invoice and find out what it's worth today instead of in six weeks.
Truckers Factor is a service of the Truck Owners and Drivers Association. Factoring is a commercial financing transaction, not a loan. Terms are disclosed in full before any agreement is signed.