Can Dispatchers Help With Factoring Companies?
One of the biggest challenges for truck drivers and owner-operators is getting paid on time. Brokers and shippers often take 30–60 days to pay invoices, which can create cash flow problems. That’s where factoring companies step in, offering same-day or next-day payment in exchange for a small fee.
But many drivers wonder—can dispatchers help with factoring companies? The answer is yes. Dispatchers don’t just find loads; they can also support you in setting up and managing factoring so your business runs smoothly.
How Dispatchers Help With Factoring Companies
1. Factoring Setup Assistance
Dispatchers often guide new carriers in selecting a factoring company and submitting the necessary paperwork to get approved.
2. Quick Credit Checks
Dispatchers can use factoring company tools to check a broker’s credit before booking a load, ensuring you only haul for reliable payers.
3. Sending Load Documents
After delivery, dispatchers can send invoices, rate confirmations, and proof-of-delivery documents directly to your factoring company for faster funding.
4. Reducing Payment Delays
By coordinating with factoring companies, dispatchers make sure there are no missing documents or errors that could slow down payments.
5. Business Cash Flow Support
With faster payments from factoring, dispatchers help keep your fuel, maintenance, and operating expenses covered without waiting weeks for brokers to pay.
FAQs
No, but they can recommend options and help you with the setup process. The final choice is always yours.
Yes. Many dispatchers use factoring credit tools to check broker or shipper payment history before you accept a load.
In many cases, yes. Dispatchers can send paperwork, invoices, and PODs to streamline the process.
You’ll stay in control, but a dispatcher can reduce your workload by handling document submissions and follow-ups.
Factoring is separate from dispatching. A dispatcher helps you find and manage loads, while factoring ensures you get paid quickly. Many drivers benefit from using both.