Factoring For Freight Brokers | Brokerage Factoring Services - OTR Solutions

Freight Broker Factoring

Get fast access to working capital

OTR Solutions makes it easy for you to get working capital so you can focus on developing carrier and shipper relationships. Designed to eliminate outstanding payment, brokers who factor can access the tools necessary to compete with America’s biggest transportation brokers.

24 Hour

Funding in 24 Hours

Quick Pay

Offer Carriers QuickPay Options

Approved

Get Approved with Other Factoring Providers

Gary

Grow Your Brokerage

With OTR Solutions as your factoring partner, managing accounts receivable and a top-notch credit score is no longer a challenge. Never worry about having the cash to pay a carrier before you’ve collected from the shipper. Factor your broker invoices with OTR Solutions to receive margin funding in 24 hours. Build and solidify your credit history with standard net 21 carrier pay and keep them with competitive quick pay options. We handle all billing and collecting with your shippers so you can stay focused on finding new relationships and growing your business. With on time and correct invoicing your customers will never look to another broker to handle their freight.

How Brokerage Factoring Works

Brokerage Factoring

Book Carrier & Collect Invoice

Own your carrier relationships by remaining their main point of contact for booking freight and invoicing for payment. OTR Solutions does not change your processes, we work entirely on the back end.

Submit Invoice

Submit Carrier Invoice & Shipper Docs

Once you’ve been invoiced by the carrier, upload their invoice and POD along with the shipper rate con in the OTR Solutions Client Portal. Your margin will be funded within 24 hours.

Dedicated Operations

Dedicated Operations Team Invoices the Broker & Sets Carrier Payment

Based on the carrier’s payment options, specify standard payment or quick pay. Your dedicated operations team will handle all invoicing within 48 hours of factoring the invoice. Ensuring your customers are invoiced properly and quickly keeps a clean open aging and allows for easy identification of issues long before they reach the collection date.

Dedicated Operations Team

OTR Solutions has maintained an elite level of customer service and client satisfaction from day one. Our team is here to handle every aspect of your business, and they don’t even have voicemails.

Client Portal

Explore advanced utilities and management tools in our proprietary client portal. Submit invoices, get paid, check brokers, monitor safety scores, see market analytics, and so much more.