Frequently asked
Straight answers for owner-operators.
10 questions
FundingWhat is invoice factoring?
What is invoice factoring?
You sell an unpaid freight invoice to RoadEase. We pay you most of its value right away, then collect the full amount from the broker when it comes due. You get your money in a day instead of waiting 30 to 45 days.
FundingHow fast can I get funded?
How fast can I get funded?
Most approved invoices are funded within 24 hours after we receive complete paperwork. Many clients receive funds the same day.
FundingWhat is the advance rate?
What is the advance rate?
We typically advance 95% to 97% of the invoice value. The exact rate depends on the broker and your volume.
FundingWhat happens to the rest of the invoice?
What happens to the rest of the invoice?
The part we do not advance is the reserve. It is held until the broker pays the invoice, then released to you under the terms of your agreement. The estimate on our services page shows both numbers side by side.
TermsWill my brokers know I factor?
Will my brokers know I factor?
Yes. Brokers receive a notice of assignment telling them to pay RoadEase for the invoices you factor. This is standard across the industry, and brokers deal with factoring companies every day.
TermsAre there long-term contracts?
Are there long-term contracts?
No. We believe in earning your business every load. There are no long-term lock-ins and no early termination fees.
TermsDo you require a minimum volume?
Do you require a minimum volume?
No minimums. We work with single-truck owner-operators and small fleets alike.
TermsCan I use only one service?
Can I use only one service?
Yes. You can start with factoring only, or combine fuel cards, dispatch and insurance as you need them.
Fuel cardsHow do the fuel cards work?
How do the fuel cards work?
You receive an EFS fuel card that works at thousands of truck stops. Discounts are applied automatically, and you can track every transaction in real time.
PaperworkWhat paperwork do I need?
What paperwork do I need?
Typically a signed rate confirmation, the bill of lading and proof of delivery. We accept scanned copies, so there is no need to mail originals.
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