Automate Your Factoring with Smart Technology
At MyFactor LLC, we’ve built a cutting-edge platform that transforms how carriers and brokers manage their finances. Our automated factoring software and mobile app are designed to save you time, eliminate manual work, and give you real-time control over your cash flow.
trucker or broker
Who are you ?
HOW IT WORKS
Our Flow
01
Deliver the Load
Complete the haul and gather your proof of delivery (POD).
02
Submit Your Invoice
Send us the invoice and POD through our mobile app or email.
03
Get Paid
Receive payment directly to your account within 24 hours.
04
We Collect from Your Customer
We handle the rest, including follow-ups and paperwork.
Integrated Payments with Tank payments
We're integrated with Tank Payments to offer fast, secure ACH and card payments, automated reconciliation, and driver-friendly pay links built for freight factoring. Enjoy real-time payment tracking to keep your cash flow transparent and predictable. Cut down on manual work with automated invoice matching and streamlined reporting.
Click the button below to fill out our quick enquiry form and get exclusive low factoring rates — plus, meet us in person at the Broker Carrier Summit in Orlando!
Discover Frequently Asked Questions from Our Support
Freight factoring is a financial service where a trucking company or freight broker
sells its unpaid invoices to a factoring company like MyFactor LLC in exchange for immediate cash. Instead of waiting 30 to 90 days for payment, you get paid within 24 hours. The factoring company then collects payment from the broker or shipper on your behalf.
Any carrier, owner-operator, or freight broker operating in the United States with outstanding invoices can qualify. We do not base approval on your personal credit history. We evaluate the creditworthiness of your customers (brokers and shippers) instead. If you're delivering freight and have unpaid invoices, you very likely qualify.
No. MyFactor LLC checks the credit of your brokers and shippers, not you. This makes freight factoring accessible to new carriers and owner-operators who may not yet have an established credit history.
Once you submit your invoice and Proof of Delivery (POD) through our app or email, you typically receive payment within 24 hours directly to your bank account.
No long-term commitments are required. You can choose to factor a single load, a few invoices, or your entire book of business. You stay in complete control.
Yes. While we are headquartered in New York, MyFactor LLC provides freight factoring services to carriers and brokers across all 50 states in the USA.
Your Cashflow. Our Priority.
Get paid within 24 hours - keep your cash flow moving and your business growing
ops@myfactorllc.com
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