Factoring

Any size carrier, any amount of invoices, flat 1.5% fee. Backed by real people

Load factoring built to keep carriers on the road and money in their pocket

Factor with us

Why us?

EX

RATES

CONTRACT TERMS

FEES

SERVICES

PAYMENT SPEED

SIGN UP

PROCESS

EXO FINANCE

1.5% FLAT FEE

‍

MONTH TO MONTH TERM

NO HIDDEN FEES

DEDICATED ACCOUNT MANAGER

INSTANT CREDIT CHECK AND FUNDING

MOBILE APP / WEB PORTAL

LESS THAN A COFFEE BREAK

Others

3-4%

LONG CONTRACTS, HARD TO EXIT

ACH FEES, WIRE FEES, ETC

SLOW CUSTOMER SERVICE

LONG CREDIT CHECKS, SLOW FUNDING

24 / 48 HOURS SIGN UP PROCESS

EMAIL, PHONE, FAX

EX

RATES

CONTRACT TERMS

FEES

SERVICES

PAYMENT SPEED

SIGN UP

PROCESS

EXO FINANCE

1.5% FLAT FEE

‍

MONTH TO MONTH TERM

NO HIDDEN FEES

DEDICATED ACCOUNT MANAGER

INSTANT CREDIT CHECK AND FUNDING

MOBILE APP / WEB PORTAL

LESS THAN A COFFEE BREAK

Others

3-4%

LONG CONTRACTS, HARD TO EXIT

ACH FEES, WIRE FEES, ETC

SLOW CUSTOMER SERVICE

LONG CREDIT CHECKS, SLOW FUNDING

24 / 48 HOURS SIGN UP PROCESS

EMAIL, PHONE, FAX

factor loads in 3 easy steps

Factor your loads right inside of our carrier portal

factor with us

Step 1 - Credit Check

Check credit to ensure that EXO Finance will purchase the invoice

STEP 2 - Factor Load

Submit rate confirmation and proof of delivery

STEP 3 - get paid

Get paid instantly on approved invoices

Carriers Love what we do

RITA D

Owner, Axel Transport

“EXO Freight and their factoring business, EXO Finance have been a true partner to our business. They’ve actually brought us back to factoring because they’ve been honest and trustworthy from day one!”

Ready to get started?

One of our factoring representatives will reach out to you to get started.

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FACTORING FAQ

Learn more about factoring with Us

Have more questions or want to learn more? Contact our factoring experts at
(248) 392-4581 or factoring@exofreight.com.

HOW DO I SIGN UP?

1. To utilize our factoring product, you first must sign up to become a carrier for EXO Freight

We require the following to join our network:

$100,000 Cargo Coverage
$1,000,000 Auto Liability
Active Common or Contract Authority

2. Upload the following documents:

W-9
MC/DOT Operating Authority Letter
Certificates of Insurance

3. Once you're an approved carrier, login to the carrier portal and navigate to the factoring page

How Long is your factoring agreement?

Our factoring agreement is month to month, and we only require a 30-day notice to exit the contract. Our goal is to earn your business on every load.

How quickly do I get paid?

Once your invoice has been approved, we issue payment immediatly to the ACH payment method we have on file. Typically those funds hit your bank account in 24-48 hours.

Is the fee really only 1.5%

Yes, we’re serious. Every invoice is factored at 1.5%. We offer this low rate to all our carriers as a way to ensure they get the money they earned at a fair rate.

Carriers

Start working with EXO Freight today and become a part of an expanding network of open deck carriers.

Haul with us

Shippers

Gain access to the largest open deck carrier network.

Ship with us

Factoring is serviced, financed, and secured by EXO Finance, LLC, a wholly-owned subsidiary of EXO Freight.