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Benefits of Freight Factoring for Brokers

  • 5% flat rate - that is 95% to you!
  • Non-Recourse - we take the credit risk
  • No set-up fees
  • No monthly fees
  • No invoicing fees
  • No monthly minimum that you are required to meet
  • No credit score requirement for you to sign up
  • No reserves
  • Freedom to choose the customers you want to factor
  • Free customer credit checks
  • We pay your carriers to help build & improve your credit score.
  • We encourage offering a "Quick Pay" to carriers at a rate you choose.
GET A QUOTE

Looking to Become a Freight Broker? We'll Help Show You How To Increase Your Margins

Based on our experience, it would be best to set up a separate email address, company address, phone number, and company name for your Brokerage.

(The reason for this is to avoid bridging the two companies if there is ever a claim filed on their insurance, it is to protect them)

We recommend that you start establishing those relationships before starting a freight broker so that once you get started, you can hit the ground running. This will ensure that you get a return on your investment sooner rather than later.

If not, let us be your guide; with years of experience, we can help point you in the right direction to get all of your questions answered and set you up with companies who can take care of your needs.

Direct Deposit Fee

(24-48 hours to reflect in your account)

We suggest that you also charge a bank fee as well since TBS will charge for each transaction
  • COMDATA or EFS Fuel Card = $5 (available within approx. 30 minutes from the time we process your paperwork)
  • Wire Transfer = $12 (available within approx. 1 hour from the time we process your paperwork)
We can advance either 40% or 50% of the load.

You might want to adjust your fees to the carrier accordingly to absorb the cost
  • The advance goes directly to your carriers so they can get fuel quickly.
  • To get the advance, we will need a rate confirmation sheet, a signed BOL showing the load has been picked up & our
    Fuel Advance Request Form (we will provide you with this form).

Frequently Asked Questions

Freight factoring is NOT a business loan. It’s a financing tool that provides you with immediate working capital.  How? You sell us your invoices at a small discount. We pay you cash the same day and then WE wait for payment—not you.

Always pre-approve credit before you accept a load. (With our TBS: Get Paid® app, this process is easy and fast.) Next, gather your paperwork and prepare your schedule, submit the completed paperwork to TBS, & we pay you within hours!

If a customer doesn’t pay due to their own credit or funding issues, TBS takes the loss! We will not come to you for repayment.

This option offers lower fees because you take on more risk. If a customer doesn’t pay, you are on the hook for that money. If your company has enough funding to take that risk, recourse factoring may work for you.