We offer the most technologically-advanced factoring for freight brokers. Simplify your post-load operations, including collections, carrier payments, financial reporting, and more. Get the working capital you need to run your brokerage.
What You Get
Invoice factoring to turn your net 30 invoices into overnight payments
Free and convenient QuickPay options for your carriers
Establish broker credit with major reporting agencies
Interest-free factoring
No monthly minimum revenues
Manage 90-day collection calls through Denim's Collection Team
90% advance of your funds in 1-2 business days
Free ACH Bank Transfers
Learn More About Factoring for Freight Brokers
Freight broker factoring allows you to get paid quickly for the shipments you conduct, rather than waiting for 30, 60, or even 90 days for a load to receive your paid invoice. Keep your freight brokerage in action between invoice payouts with quick access to working capital.
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By using a factoring service for freight brokers, you will gain access to consistent cash flow, which is an essential business tool as invoice payments are rarely made instantly. Historically, the carrier industry average is 40 days (or more) to fully process payouts to drivers and trucking companies. These long process times can make or break a broker's budget, and some freight brokers then have to take other avenues to make ends meet when their invoices go unpaid for substantial lengths of time.
In the past, many freight brokers leaned on credit cards or lines of credit extended by bank loans to manage the cash flow gaps. Not only is this difficult to manage, but it can also cost brokers thousands of dollars in interest payments – particularly when financing for long periods of time.
With freight broker factoring, a freight broker does their business as usual minus waiting on outstanding payments. Now with cash in hand, freight brokers are able to process their payments to vendors, save time, and grow their business. You get paid faster, your carriers get paid faster, and your clients are satisfied with the resulting high level of service you can provide.
Freight brokers who factor receive an immediate payment, which can be a lifesaver for both large and small freight brokerages. Cover all of your business expenses without having to incur added debt.
At Denim, we specialize in factoring for freight brokers. Submit your application in minutes with no revenue required. Start now to turn your net-30 invoices into overnight payments.