Brokers usually pay carriers in 30-60 days. Many carriers can't wait that long because they have to pay for fuel, payroll, accidental maintenance. Our factoring partner pays carriers right after they've delivered the load and they allow our factoring partner to collect from the broker on their behalf. Carriers technically sell their invoices to our factoring partner.
Our factoring partner will cover HOS247 services costs (ELD, Tracking, etc.) - partially or in full, depending on how much they will factor for you. - APPLY HERE