Why Choose Us
FreightCheck makes trucking easier. We specialize in factoring freight bills for owner-operators and small trucking companies.
Simplicity, convenience and personal service are among the many benefits of factoring your freight bills with us.
Owner-Operators & Small Trucking Companies Are Our Specialty
We specialize in factoring freight bills for owner-operators and small trucking companies. If your trucking company is just getting started, you've come to the right place. We can help you haul loads for quality brokers, strengthen your credit with positive cashflow, and have our professional account managers represent your company. And in addition to free online credit information, our easy-to-use Account Management Center provides custom reports to see everything factored by your company at any time.
Get Instant Cash the Same Day We Receive Your Freight Bills
FreightCheck provides same-day-funding. We can help you meet your cashflow needs immediately without entering into a long term factoring relationship. The money you get for the freight bills we purchase is payment in full. It is not a loan or advance, and we do not hold any funds in a reserve account like other factoring companies. Our fee is a flat rate of for each freight bill purchased, and you get paid either through a Comchek over the phone or by money transferred directly to a Comchek card.
Receive Your Own Comchek Cards for Free
FreightCheck will issue your company its own Comchek cards absolutely free. Comdata Comchek cards and Comcheks are used to provide funding for the freight bills you factor. We can issue cards for you and your drivers. Using our Account Management Center, it's easy to get information about how, where and when any of your Comchek cards were used. You can track exactly how each card is used for phone calls, ATM withdrawals, VRU calls to register Comcheks, debit transactions at the point of sale and much more! Reports for Comcheks issued to your trucking company are also provided.
Factor On A Debtor-By-Debtor Account Basis
FreightCheck factors on a debtor-by-debtor basis, so there is no need to factor every broker or shipper account. Once you start factoring freight bills with us for a certain account debtor, you must continue factoring any loads you move for that debtor in the future until you notify us that you would like to begin billing them yourself. That allows you to choose which accounts to factor and frees you to invoice others on your own. When you want to factor a freight bill, simply complete our simple online application by logging into the Account Management Center, which also provides free online credit information on thousands of the most popular brokers and shippers.
No Minimum Monthly Dollar Amount Required
Factor $2,000 or $200,000 per month. We have no minimum or maximum monthly volume requirements. Other factoring companies require a financial commitment for the amount of freight bills you factor each month. And if your company does not meet its monthly volume, the factoring company will charge you penalties. FreightCheck does not work that way!
FreightCheck Acts as Your Back Office
Our highly skilled team provides full administrative support - including credit management, invoicing, collections, account reporting, expense reporting, fuel card management and much more!
No Annual Term Factoring Contract Required
Other factoring companies require you to sign a restrictive contract that ranges from 6 months to 1 year or longer. And they require you factor with them during that entire time. If you stop using that factoring company before the contract expires, your company is required to pay the fees you would have paid for the remaining months.
No Reserve Account Required
With FreightCheck, you get paid in full minus our fee the day we receive your freight bills. Other factoring companies holdback 10 to 15 percent of your money or more for each invoice in a reserve account. That reserve amount is not immediately provided to your company. In the end, you receive part of that percentage back, depending on how long it takes the factoring company to receive payment on the invoice. That is their charge for financing and advancing you money. Ultimately, their charges can be as high as 10 percent or more.
Work With Quality Debtors - No Customer List Required
Clients can access our Account Management Center to search for free credit information on thousands of the most popular freight brokers and shippers. Debtors in our credit database are listed as either Approved or Denied for factoring. If the debtor is Approved, we will purchase the freight bills. If the debtor is Denied, we will not purchase the freight bills. Other factoring companies usually base their financing rates in part on the quality of your accounts if they accept your business. As a result, you are initially required to produce a list of your top customers, and eventually you must provide a list of all customers.
No Financial Statements, Bank Records or Lengthy Contracts
Our easy-to-complete Express Application is only a few pages, whereas other factoring companies will require you to sign contracts that can be 50 pages or more. They require extensive documentation that normally includes personal financial statements, tax returns and other records. You have to complete long applications and deal with lots of paperwork. We make things simple!
No Business Debt Created
When you factor your accounts receivable with FreightCheck, it puts cash in your pocket. Factoring is not a loan or advance on credit, so there is no debt to repay. It's simply a way of receiving the money you earned more quickly. Bank loans can be difficult to get and require collateral that is limited by your assets, and using credit cards can be dangerous and costly.
No Loss of Business Equity
Equity and business ownership percentages do not need to change when you use FreightCheck. Factoring can eliminate the need of bringing in a new partner with operating capital.
No Recourse for Loads that Meet Funding Standards
There is no charge back if we don't get paid for an invoice that meets our funding criteria. You will never get this commitment from any other factoring company. We assume liability for the freight bills we purchase. Other factoring companies will charge back the full amount of an invoice and automatically take the money from your reserve account if they do not get paid in as little as 45 days. Certain restrictions apply. Misdirected payments, shortages, damages, late fees, advances, claims and changes in rate could affect the settlement process.
Improve Cashflow and Enhance Business Credit
If you're tired of waiting 30 to 60 days or more to get paid for freight bills, then FreightCheck is the solution. We provide same-day-funding, which provides the liquidity needed to reinvest in your company, pay bills on time, make payroll and improve your trucking company's credit.
Work Smarter - Not Harder
FreightCheck is dedicated to providing excellent service. Our friendly, knowledgeable staff helps makes life on the road easier for owner-operators and small trucking companies. Plus our online Account Management Center lets you keep tabs on your business by running custom reports any time you like. We take the hassles out of trucking by allowing you to focus on finding and hauling loads.
Same Day Setup Available for New Factoring Clients
Sign Up or call (800) 233-2056. Ask for Extension 1000. FreightCheck representatives are available to assist you from 8:30 AM to 6:00 PM (EST) Monday through Friday.