Freight Broker Factoring

The financial partner for the modern broker

Freight Broker Factoring

The logistics industry is changing. Today’s brokers face increased competition from incumbents and new tech giants.

We know what starting a business is like. You want to focus on your core services while getting everything else done as efficiently as possible.

 

• Startup & enterprise friendly
• Transparent pricing
• Dedicated account manager
• Spot Factoring
• Automate your back office
• Easy and free setup

Axle Payments is the only factoring company focused exclusively on brokers.

 

Working with Axle

Do I have to sign a contract?

No! Here at Axle we are confident in our services and are here to help your brokerage grow. We do not believe in long term contracts. Simply provide a 30 day notice to allow us to wrap up any current outstanding accounts receivable waiting to be collected on from your customers.

Will you work with startup brokerages?

As long as you have a valid MC number and operating authority, we will work with you. No company is too large or small for us. We do not have any monthly minimum requirements.

Do I have factor all my invoices?

No, you can decide on each invoice if you want to factor. Even if you don’t factor, we provide payment processing and collections for free.

Does factoring with Axle increase my credit approval with carriers?

Absolutely! By factoring with Axle Payments you receive increased credit lines from other factoring companies which allows you to expand your carrier base. We are dedicated to paying carriers on time and fast, ensuring your credit score is perfect.

Payment Processing

How fast do you pay?

Jobs submitted before 12pm (noon) Eastern Time will be scheduled for funding the next business day, provided there are no issues. Please see the table below for payment options and speed.

What are your payment options?

Same-day ACH	Free	Arrives by end of business day
Mailed Checks	Free	Printed and mailed by end of business day

Pricing Questions

Do you have a signup, termination, ACH, or any other fees?

No, unlike most factoring companies, all you will pay with Axle is a single flat fee. We prefer to keep things simple and transparent.

How does the carrier QuickPay work?

If you factor an invoice, we will fund your carrier within 24-48 hours. You can charge whatever QuickPay fee you want to the carrier. We don’t charge anything to you.

Can I get a lower factoring fee or higher advance?

If you are a well-established business with large monthly volumes and stable customers, speak to our sales team so we can design a program that works for you.