Comprehensive risk assessment; avoid bad brokers!
No contracts, no minimums, no termination fees. Ever.
A trusted industry partner, OpenRoad is dedicated to helping carriers stay focused on the road—and their company.
Simple, transparent rates make our same-day funding solutions a snap.
Extensive industry knowledge, FREE credit checks, and fraud management help to safeguard your business.
Who We Serve
Get access to your money faster so you can pay for fuel, maintenance, insurance, and more.
Get access to your money faster so you can pay for fuel, maintenance, insurance, and more.
Increase your cash flow and free up time spent on collections so you can focus on growing your fleet.
Increase your cash flow and free up time spent on collections so you can focus on growing your fleet.
Don’t wait 30-60 days to get paid by your customers, and improve your payment terms with our exclusive carrier payment services.
Don’t wait 30-60 days to get paid by your customers, and improve your payment terms with our exclusive carrier payment services.
Why We are Better
- No Contracts
- No Minimums
- No Termination Fees
- Best Customer Service
- One Point of Contact
- Customized Programs
Two Simple Options
Recourse
- Lower rates
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- Expert collections team minimizing non-payment risk.
Non-recourse
- Zero risk of non-payment
- Instant cash with no chargeback risk on uncollectible invoices.
- Great option for small fleets and owner operators
How You Benefit
Fast Cash
Don’t wait 30-60 to get paid by your customers. Same-day funding on your qualifying invoices.
Back Office Support
Let us make those awkward collections calls so you can focus on the road–not who owes you money.
Risk Assessment
Free credit checks and access to our extensive list of approved customers.
Fuel Card
Save thousands annually with our exclusive fuel discounts. Learn more about our fuel card program!
Fuel Advance
Get same-day funding up to 50% of your load before you deliver.
Non-payment Assistance
Broker not paying? Our experienced collections team will file and follow a bond claim on your behalf.
FAQ
What is factoring and how can it benefit me?
Factoring lets businesses sell their qualifying invoices for immediate cash so they don’t have to wait 90-120 days for payment. This provides quick cash flow, helping your business operate and grow. Freight factoring also saves you time, simplifies bookkeeping, and eliminates the hassle of chasing payments.
What is the cost and how is it calculated?
We offer simple rate options suited to fit your needs. Our experienced business development reps will discuss these options and help you decide what works best for you!
How do I receive my cash and how soon do I get it?
If your qualifying invoice is received before 8:30 am (PST) it will be processed and funded via your payment selection same-day. Any invoice received after the funding deadline will be processed the following day.
Is factoring a loan?
Nope! We purchase your receivables and pay you out the same day.
What if I have bad credit or no credit history?
Bad or no credit will not impact your eligibility to factor with us. Eligibility is determined by the creditworthiness of your clients, as we purchase the invoice and handle the collection of payments directly from them.
How do I get started?
Getting started is easy—your dedicated business development rep will walk you through our simple application process from start to finish. Let us help you optimize your cash flow so you can stop waiting for customer payments. Start 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
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