FAQ’s2019-10-02T15:27:22+00:00

FAQ’s

Is there a long-term contract?2019-07-27T22:42:11+00:00

You will sign an agreement, there is no contract length. We do ask that you give us 30 days-notice.

What paperwork do I need to submit in order to receive payments?2019-07-27T22:41:00+00:00

We will need your invoice, rate confirmation, BOL, and any other documents required by your customer for the load (such as scale tickets, lumper receipts, etc.). We require complete and legible paperwork for each load, and we can fund from emailed or faxed copies. Originals are to be sent within 10 days as per agreement.

Can freight bill factoring help my trucking company lower our fuel costs?2019-07-27T22:39:54+00:00

We have an EFS Fuel Program available. For more details contact us at 208-557-1100.

Do you only work with trucking companies in a particular area?2019-07-27T22:36:44+00:00

We work with companies throughout the continental United States.

When will I receive my money?2019-07-27T22:36:09+00:00

When you submit a valid and legible invoice, our representatives will verify the load and rate with your customer, and payment can be issued within 24 hours.

Do I have to pay a fee to get started or for you to process my application?2019-08-01T14:42:58+00:00

We do not charge an application or set up fee.

How do you approve credits limits for my customers?2019-07-26T16:50:35+00:00

Credit limits are based on experience, pay history and credit rating of your customer.

My company has a federal tax lien. Am I eligible to factor my accounts receivable?2019-07-26T16:49:26+00:00

We will happily discuss your specific situation.

How will my customers know that they are supposed to remit payments to you?2019-07-26T16:48:15+00:00

When we invoice your customer, we will, notify them that all payments are to be made to RG Freight Factors.

Do I need to tell my customers I’m factoring?2019-10-02T15:24:40+00:00

Yes, you should provide this information during the application process. Additionally, we will inform your customer of our agreement.

How do I keep track of invoices I have factored and payments you receive form my customers?2019-10-02T14:37:15+00:00

You may log into your account from our Website or go to Factorview.com 24 / 7 / 365 to stay updated on all your activities.

Can I factor with any Broker?2019-10-02T14:37:53+00:00

You can accept loads with any Broker, if they are on our Approved Customer list. If you don’t see your customer, we will assist you in verifying that customers credit worthiness. Contact us at 208-557-1100.

How do I get started and how long until I get funded?2019-07-26T16:41:58+00:00

You complete the online application. Most applications are completed in 24 hours.

Is there a minimum I must factor?2019-10-02T14:37:59+00:00

No, we have no minimums.

How can factoring benefit my company?2019-10-02T14:38:03+00:00

Freight bill factoring is not a loan. It’s as simple as Haul the Freight, Submit Paper work, get paid.

 

Who is a good candidate for freight bill factoring?2019-07-26T16:31:42+00:00

Any company wanting the support of an accounting department without the recurring costs associated with an in-house staff.