No contracts, no minimums, no termination fees. Ever.
OpenRoad is focused on helping your company operate and grow with our same-day funding solutions. Our rates are simple and transparent, and we leverage our deep industry knowledge to handle your books with care.
Who We Serve
Why We are Better
Two Simple Options
- Lower rates
- Meticulous risk assessment program to ensure you are hauling the best type of freight
- Team of expert collections specialists to reduce risk of non-payment
- Zero risk of non-payment
- Instant cash without the worry of getting charged back for uncollectible invoices
- Great option for small fleets and owner operators
How You Benefit
We pay your invoices the same day. Don’t wait 30-60 to get paid by your customers.
Back Office Support
We do all your billing and collections work so you can focus on operations.
Free credit checks and access to our extensive list of approved customers.
Full access to our exclusive fuel card with discounts that will save you thousands at the pump. Click here for more information.
Get paid up to 40% of your load before you deliver.
Our team works a flexible schedule for your after-hours emergencies.
What is factoring and how can it benefit me?
Factoring is a transaction involving the sale of a business’s invoices (accounts receivable) to a third party financial company (the factor). The factor pays the business the value of the invoice (less a fee for collection risk) immediately, allowing the business to receive cash much faster than waiting for a customer to pay which can often take 90-120 days. Factoring can benefit your business by providing you with cash flow to operate and grow your business without having to wait to be paid. Freight factoring can save you time, simplify book keeping and take the burden of bill collection out of your hands.
What is the cost and how is it calculated?
Pricing varies by carrier volume, debtor quality, and business specific needs. All variables are clearly discussed up front so you know exactly what the cost is before we finalize the factoring agreement.
How do I receive my cash and how soon do I get it?
We will wire the cash to your account same day if your invoice is received before 9:30 am (PST). If the invoice is sent in after 9:30 am, we will ACH the money to your bank account to be received the next day.
Is factoring a loan?
No, factoring is not a loan. No debt is assumed when factoring as you are selling accounts receivable for cash.
What if I have bad credit or no credit history?
Bad credit or no credit at all will not make you ineligible to factor with us. Since we’ll be buying the invoice from you and collecting payment from your clients, the creditworthiness of your clients will determine your eligibility.
How do I get started?
Getting started is as simple as filling out and submitting our application form. There is no cost and accounts are activated as quickly as you get the required paperwork to us. Let us help you maximize your cash flow instead of spending costly time waiting for your customers to pay you. Try us out today!
OpenRoad has been instrumental in getting our trucking company up and running. Their reliable and straightforward factoring services have given us something we can count on, while we stay focused on serving our customers.
Jenny, started a trucking company in 2020
Best team you will ever find! I have been working with OpenRoad since their company started, and the level of customer service I have received is top notch. I’m happy and I will recommend anybody to them.
Ashna, operates 5 trucks and growing
Factoring our invoices through OpenRoad has kept our cash flow going — especially during these hard times. The fees are reasonable without all the extra hidden costs that most factoring companies charge, and I get a live person every time I call.
Lorena, operates 4 trucks and growing