Small Business Factoring
Streamline your operations with small business factoring
Freight factoring can help your business get cash on hand—fast.
Get working capital for your trucking business by selling accounts receivable or invoices. Our factoring partner, OTR Solutions, ensures you get paid quickly while taking care of billing and collecting so you don’t have to worry about cash flow. With small business factoring, you can unlock the funds you need to grow and invest in your operations without the hassle of long payment cycles. Let us help you stay focused on driving your business forward.
- Get paid within 24 hours
- Plan ahead with small business invoice factoring
- Gain access to true non-recourse factoring
Get paid within 24 hours
Small business factoring is a fast, simple solution for getting invoices paid.
When you deliver a load for a customer, you issue an invoice for payment—but waiting up to 90 days for processing doesn’t help when you have immediate expenses. That’s where small business factoring comes in. DAT has partnered with OTR Solutions, a trusted leader in invoice financing, to make sure your invoices are paid within 24 hours, helping carriers maintain steady cash flow and keep operations running smoothly.
Plan ahead with small business invoice factoring
Never worry about first-of-the-month expenses again.
Small trucking businesses have a lot of expenses—rent, fuel, and maintenance costs often can’t wait. OTR Solutions provides small business factoring that allows you to sell your accounts receivable in exchange for cash deposited directly to your accounts within just a few hours. That way you can plan ahead to grow your business without worrying about when your invoices will be paid.
Gain access to true non-recourse factoring
Say goodbye to false promises of non-recourse factoring and hello to OTR Solutions.
While other factoring companies say they offer non-recourse factoring, but ultimately refuse to follow through unless customers file for bankruptcy, OTR Solutions will actually fulfill their promise.
With true non-recourse factoring from OTR Solutions, you can keep the money you receive, even if your customer refuses to pay. They’ll take on the risk without any surprise fees or chargebacks. It’s a win-win.
"OTR Solutions is a wonderful company to work with. They go above and beyond to meet your needs. Everyone I have worked with has always been really nice and professional. I would recommend OTR Solutions to everyone looking for a great factoring company."
- Nicole Ives
"OTR Solutions is one of the best things that has happened for our company Sal-Trans Express, Inc. Their Customer service is of the best quality. Provide detailed explanations to all questions asked and truly always look out for their customers. Their personalized services have allowed our company to scale quickly and allowed us to make the necessary decisions for our company."
- Eduardo Salazar
Small business factoring is a financial solution where businesses sell their unpaid invoices to a factoring company in exchange for immediate cash. This process allows businesses, such as carriers, to access funds without waiting the typical 30-90 days for customer payments. Factoring companies pay a percentage of the invoice value upfront, providing the remaining balance (minus fees) once the customer pays. It’s particularly beneficial for small businesses with tight cash flow, as it helps cover immediate expenses like fuel, payroll, and maintenance.
Factoring companies for small businesses buy invoices from freight companies and offer cash in exchange for those invoices. Normally, when trucking businesses deliver a load, they receive an invoice for their services. These invoices can take anywhere from 30-90 days, on average, to be paid. Invoice financing for small business, sometimes called small business factoring, means invoices are paid within hours of completing paperwork for a small fee, giving small businesses quicker access to their money. Factoring is not a loan or line of credit; it’s a way to get access to your own money faster.
Recourse factoring is the most common type of small business factoring. In recourse factoring, the factoring company does not take on any responsibility for unpaid debt. If you use recourse factoring companies for small businesses, and they pay out your invoice, minus a small fee, you’ll need to pay the company back if your customer defaults on their debt.
Non-recourse factoring companies for small businesses charge slightly higher fees because they take on the risk of unpaid invoices. This means that if you opt for non-recourse invoice financing for small business, you won’t be held liable for any clients that choose not to pay out their invoices. The problem with non-recourse invoice financing for small business is that many of these companies hide exceptions in their fine print, meaning small businesses are often charged for unpaid invoices.
The best factoring companies for small businesses, whether they offer recourse or non-recourse invoice financing for small business, is transparency. DAT has partnered with OTR Solutions because it offers true non-recourse small business factoring with no hidden fees or unexpected chargebacks for unpaid invoices. With OTR you can count on fast cash for your invoices with no expensive surprises.
In order to get started with invoice financing for small business, you’ll need to supply your factoring company with some information. Once you book a load, you’ll need to send that information to the factoring company. From there, factoring companies for small businesses will run a check on the company to make sure they’re trustworthy. You deliver the load, submit your invoice to the factoring company, and wait for payment.
For small freight businesses, factoring is important, but the best factoring companies for small businesses offer so much more. OTR solutions will provide you with expert back-office support, including access to consultations with credit and collection experts whose job it is to help you avoid debt. These experts can help you cut down on your overhead and grow your business with financial confidence.
Small business factoring helps you get paid without the hassle
Never wait months for unpaid invoices again. With DAT and OTR Solutions, small business invoice factoring has never been easier. Simply submit your invoices, fill out the paperwork, and let DAT and OTR handle the rest. Easy small business factoring and no hidden fees lets you keep moving with confidence.