Brokerage Factoring is the purchase of receivables and outsourcing of a brokerage’s scheduled carrier payments.
How Does It Work?
As soon as a load delivers, OTR purchases your invoice at a small discount, pays your brokerage the profit immediately, and handles the responsibility of paying carriers and collecting from your Customers.
- Receive Your Profits Immediately
- Instead of 45-90 days for customer to pay, receive next day ACH and same day wire on margins.
- Eliminate the Stress of Paying Carriers
- Carriers have option of Net 21 ACH payment or 2 Day ACH Quickpay.
- Focus On Getting New Customers
- Instead of worrying about billing and collecting.
- Improve Your Credit Score
- OTR is dedicated to paying carriers on time, ensuring your credit score is perfect.
- Fuel Advances
- Offer 50% of linehaul to carriers either exclusively through OTR or provide them yourself.
- 24/7 Access To Online Portal
- Check credit for customers, submit invoices, and view your outstanding A/R.
- In-house Credit Team
- Ensure you are working with credit worthy customers.
- Dedicated Operations Team
- Work with the same team daily, no phone automated service.