factoring agreement analyzer
factoring agreement analyzer
Protect Your Business From Hidden Contract Terms
Protect Your Business From Hidden Contract Terms
Don't let the fine print catch you off guard. Our Factoring Agreement Analyzer scans your contract, revealing hidden fees, termination clauses, and other details that could impact your business.
Don't let the fine print catch you off guard. Our Factoring Agreement Analyzer scans your contract, revealing hidden fees, termination clauses, and other details that could impact your business.
Looking to make a switch?
Break free from traditional factoring constraints with TruckSmarter Freight Factoring. No yearly commitments, no minimum requirements – just straightforward factoring when you need it.
Rates as low as 1.9%1
Rates as low as 1.9%1
2.5%
2.5%
Begin at 1.9% for 90 days with a flexible contract. After the limited period your rate will increase to 2.5%, but don’t worry, you can earn even better rates as your business scales.
Begin at 1.9% for 90 days with a flexible contract. After the limited period your rate will increase to 2.5%, but don’t worry, you can earn even better rates as your business scales.
Begin at 1.9% for 90 days with a flexible contract. After the limited period your rate will increase to 2.5%, but don’t worry, you can earn even better rates as your business scales.
1For the first 90 days after onboarding; 2.5% after. Complete onboarding by 3/31/2025 to qualify. Subject to approval. Terms apply.
1For the first 90 days after onboarding; 2.5% after. Complete onboarding by 3/31/2025 to qualify. Subject to approval. Terms apply.
Short-term contract
Skip the lengthy contracts. Our 30 day flexibility means you're never locked in.
Short-term contract
Skip the lengthy contracts. Our 30 day flexibility means you're never locked in.
Short-term contract
Skip the lengthy contracts. Our 30 day flexibility means you're never locked in.
Short-term contract
Skip the lengthy contracts. Our 30 day flexibility means you're never locked in.
Daily, fast pay
On average, we pay 50% of invoices in 2 hours, 7 days a week. Even on weekends and holidays.
Daily, fast pay
On average, we pay 50% of invoices in 2 hours, 7 days a week. Even on weekends and holidays.
Daily, fast pay
On average, we pay 50% of invoices in 2 hours, 7 days a week. Even on weekends and holidays.
Daily, fast pay
On average, we pay 50% of invoices in 2 hours, 7 days a week. Even on weekends and holidays.
Total Transparency
No hidden fees, reserves, monthly minimums, or annual contracts, or surprises.
Total Transparency
No hidden fees, reserves, monthly minimums, or annual contracts, or surprises.
Total Transparency
No hidden fees, reserves, monthly minimums, or annual contracts, or surprises.
Total Transparency
No hidden fees, reserves, monthly minimums, or annual contracts, or surprises.
4K+ brokers
Choose from our network of 4,000+ brokers, vetted through our comprehensive credit check system.
4K+ brokers
Choose from our network of 4,000+ brokers, vetted through our comprehensive credit check system.
4K+ brokers
Choose from our network of 4,000+ brokers, vetted through our comprehensive credit check system.
4K+ brokers
Choose from our network of 4,000+ brokers, vetted through our comprehensive credit check system.
PROTECT YOUR BUSINESS
with TruckSmarter Non-Recourse Factoring
Non-recourse means different things at different companies. For us, it means if a broker goes bankrupt, we take the hit so you and your business can keep moving.
ready to switch factoring companies?
Make a clean break
Here are the steps to take to ensure a smooth exit from your existing contract.
Apply online
To get started, complete our brief online application, and someone from our team will reach out in 1-2 business days.
We review your contract
Our factoring team will review your existing contract terms with you. Some companies have up to 90-day notification requirements plus fine print to sift through. With our support, you don’t have to figure it out alone. And there’s no obligation to switch.
We review your contract
Our factoring team will review your existing contract terms with you. Some companies have up to 90-day notification requirements plus fine print to sift through. With our support, you don’t have to figure it out alone. And there’s no obligation to switch.
We review your contract
Our factoring team will review your existing contract terms with you. Some companies have up to 90-day notification requirements plus fine print to sift through. With our support, you don’t have to figure it out alone. And there’s no obligation to switch.
We review your contract
Our factoring team will review your existing contract terms with you. Some companies have up to 90-day notification requirements plus fine print to sift through. With our support, you don’t have to figure it out alone. And there’s no obligation to switch.
Notify your company
Get money back every time you use your TruckSmarter Debit Card! Use it anywhere Visa is accepted and get free withdrawals at 55,000 ATMs.
Notify your company
Get money back every time you use your TruckSmarter Debit Card! Use it anywhere Visa is accepted and get free withdrawals at 55,000 ATMs.
Notify your company
Get money back every time you use your TruckSmarter Debit Card! Use it anywhere Visa is accepted and get free withdrawals at 55,000 ATMs.
Notify your company
Get money back every time you use your TruckSmarter Debit Card! Use it anywhere Visa is accepted and get free withdrawals at 55,000 ATMs.
Keep factoring
Start using your TruckSmarter Card the moment you’re approved with our virtual card. Just add it to your Wallet and access your money.
Keep factoring
Start using your TruckSmarter Card the moment you’re approved with our virtual card. Just add it to your Wallet and access your money.
Keep factoring
Start using your TruckSmarter Card the moment you’re approved with our virtual card. Just add it to your Wallet and access your money.
Keep factoring
Start using your TruckSmarter Card the moment you’re approved with our virtual card. Just add it to your Wallet and access your money.
Note: TruckSmarter Factoring has no long-term contracts, just give us 30 days notice.
Make the switch
Once we’ve set you up for success, we will begin the buyout process.
Starting a buyout
If you’re waiting for your factoring company to get paid on invoices you submitted, in some cases we can do a buyout. This means we’ll purchase your invoices from your old factoring company so you can start factoring again right away.
Starting a buyout
If you’re waiting for your factoring company to get paid on invoices you submitted, in some cases we can do a buyout. This means we’ll purchase your invoices from your old factoring company so you can start factoring again right away.
Starting a buyout
If you’re waiting for your factoring company to get paid on invoices you submitted, in some cases we can do a buyout. This means we’ll purchase your invoices from your old factoring company so you can start factoring again right away.
Starting a buyout
If you’re waiting for your factoring company to get paid on invoices you submitted, in some cases we can do a buyout. This means we’ll purchase your invoices from your old factoring company so you can start factoring again right away.
Step 1: Aging Review
We'll take a look at your most recent factoring invoices and reach out to brokers to confirm load details.
Step 2: Onboarding
While our team is working, you’ll complete onboarding information just like any non-buyout carrier.
Step 3: Sign the Agreement
Everyone signs a buyout agreement, including your former factoring company, who will then provide your Letter of Release.
Start factoring again in 3-4 days
Success! Once your contract date has ended, it’s just 3-4 business days before your TruckSmarter Factoring contract begins, and you can start getting paid.
You deserve the lowest factoring rates possible. Switching companies is easier than you think.
Have questions? We're here.
Our Factoring Team in Chicago is ready to help. Call or text (404) 738-7125 or email factoring@trucksmarter.com. Monday–Friday 8:00am–6:00pm CT
Have questions? We're here.
Our Factoring Team in Chicago is ready to help. Call or text (404) 738-7125 or email factoring@trucksmarter.com. Monday–Friday 8:00am–6:00pm CT
Have questions? We're here.
Our Factoring Team in Chicago is ready to help. Call or text (404) 738-7125 or email factoring@trucksmarter.com. Monday–Friday 8:00am–6:00pm CT
Have questions? We're here.
Our Factoring Team in Chicago is ready to help. Call or text (404) 738-7125 or email factoring@trucksmarter.com. Monday–Friday 8:00am–6:00pm CT
FAQs
What is a factoring agreement?
What is typically in the terms and conditions of factoring agreement?
What if I’m currently in a factoring contract but I want to switch to TruckSmarter?
Is TruckSmarter non-recourse?
What is required to get started?
What brokers are currently supported?
How quickly will I get paid?
Is there a deadline to get paid on weekends or holidays?
What are the fees for transferring money in and out of the TruckSmarter account?
Do I need to own a fleet or meet a specific criteria?
What is a factoring agreement?
What is typically in the terms and conditions of factoring agreement?
What if I’m currently in a factoring contract but I want to switch to TruckSmarter?
Is TruckSmarter non-recourse?
What is required to get started?
What brokers are currently supported?
How quickly will I get paid?
Is there a deadline to get paid on weekends or holidays?
What are the fees for transferring money in and out of the TruckSmarter account?
Do I need to own a fleet or meet a specific criteria?
What is a factoring agreement?
What is typically in the terms and conditions of factoring agreement?
What if I’m currently in a factoring contract but I want to switch to TruckSmarter?
Is TruckSmarter non-recourse?
What is required to get started?
What brokers are currently supported?
How quickly will I get paid?
Is there a deadline to get paid on weekends or holidays?
What are the fees for transferring money in and out of the TruckSmarter account?
Do I need to own a fleet or meet a specific criteria?
What is a factoring agreement?
What is typically in the terms and conditions of factoring agreement?
What if I’m currently in a factoring contract but I want to switch to TruckSmarter?
Is TruckSmarter non-recourse?
What is required to get started?
What brokers are currently supported?
How quickly will I get paid?
Is there a deadline to get paid on weekends or holidays?
What are the fees for transferring money in and out of the TruckSmarter account?
Do I need to own a fleet or meet a specific criteria?
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC. FDIC insurance available for funds on deposit through Thread Bank, Member FDIC. Pass-through insurance coverage is subject to conditions. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa USA Inc. and may be used anywhere Visa cards are accepted.
**Annual Percentage Yield (APY) of 2.65% is effective as of 12/19/2024. This is a variable rate and may change after the account is opened. Fees could affect earnings on the account. TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa® Debit Card is issued by Thread Bank, Member FDIC pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC. FDIC insurance available for funds on deposit through Thread Bank, Member FDIC. Pass-through insurance coverage is subject to conditions. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa USA Inc. and may be used anywhere Visa cards are accepted.
**Annual Percentage Yield (APY) of 2.65% is effective as of 12/19/2024. This is a variable rate and may change after the account is opened. Fees could affect earnings on the account. TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa® Debit Card is issued by Thread Bank, Member FDIC pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC. FDIC insurance available for funds on deposit through Thread Bank, Member FDIC. Pass-through insurance coverage is subject to conditions. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa USA Inc. and may be used anywhere Visa cards are accepted.
**Annual Percentage Yield (APY) of 2.65% is effective as of 12/19/2024. This is a variable rate and may change after the account is opened. Fees could affect earnings on the account. TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa® Debit Card is issued by Thread Bank, Member FDIC pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.
Resources
©2024 TruckSmarter, Inc.
*TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC. FDIC insurance available for funds on deposit through Thread Bank, Member FDIC. Pass-through insurance coverage is subject to conditions. The TruckSmarter Visa Debit Card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa USA Inc. and may be used anywhere Visa cards are accepted.
**Annual Percentage Yield (APY) of 2.65% is effective as of 12/19/2024. This is a variable rate and may change after the account is opened. Fees could affect earnings on the account. TruckSmarter is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The TruckSmarter Visa® Debit Card is issued by Thread Bank, Member FDIC pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact with questions regarding the sweep program.
****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.