No minimums.

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Smart Freight FundingA BulkLoads Company
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No contracts, no minimums

No contracts. No minimums. No hidden fees.

Three claims, and the one that matters most is the one most companies leave off: there is no minimum on how many loads you factor with us. Not a load count, not a dollar volume, not a monthly commitment.

Fill out an applicationAsk us anything: 800-838-2907
01

Is there a minimum number of loads I have to factor?

No. There is no minimum load count, no minimum dollar volume, and no monthly commitment. You can factor eleven loads one month and none the next, and the month with none costs nothing.

This is the term most worth checking on any factoring offer, because it is the one most often buried. A monthly minimum does exactly what a contract does: it makes leaving expensive and it charges you in your slow months. The difference is that a contract term appears on page one and a minimum appears in the fee schedule.

It matters most to the carriers who need factoring most. A hotshot operation running three loads one week and eleven the next, a hopper bottom carrier whose year happens in six weeks of harvest, an aggregate hauler whose season ends when the ground freezes: every one of them is a carrier a volume commitment penalizes precisely when the cash is tightest.

So there is no floor here of any kind. Not on how many loads, not on how many dollars, not on how many months.

02

Do I have to sign a contract or a term commitment?

No. There is no contract term to sign and no notice period to give. If you want to stop factoring with us at any time, you are free to.

We do not make you sign a contract because we hate contracts. You should be in control of your own money, and an arrangement that is good enough should not need a legal instrument to keep you in it.

The practical version of that: there is nothing to give notice against, nothing that auto-renews, and no termination fee to buy your way out of. The account terms, including the rate, are confirmed to you in writing before you factor your first load, and they are the terms, not an introductory version of them.

03

What fees are there besides the factoring rate?

None. No ACH fee, no invoicing charge, no monthly service or minimum fee, and no charge for the credit checks on your customers.

Invoicing is included rather than billed. We invoice your customer, track the payment, and make the collection calls, because you should be paid for hauling the load rather than for the paperwork afterward.

The credit checking is included too, which is the part carriers underuse. Checking a broker before you book the load is free and it is the single most effective thing you can do to avoid an invoice that does not get paid at all.

Our standard rate is answered in the FAQ. With no minimum and no fee schedule underneath it, the rate is the whole cost.

Side by side

What the industry usually asks for.

Terms factoring companies commonly publish, next to ours. No company is named here, because the point is the shape of the market rather than any one competitor.

  • Contract term

    Common in the industry

    12 to 24 months, auto-renewing

    Here

    None

  • Monthly minimum

    Common in the industry

    A dollar volume or a minimum fee if you fall short

    Here

    None

  • Minimum load count

    Common in the industry

    A set number of invoices per month

    Here

    None

  • Which customers you factor

    Common in the industry

    All of them, required

    Here

    You choose, customer by customer

  • Termination

    Common in the industry

    Notice period, sometimes a buyout fee

    Here

    Stop whenever you want

  • ACH transfer fee

    Common in the industry

    Per transfer

    Here

    None

  • Invoicing and collections

    Common in the industry

    Sometimes billed separately

    Here

    Included

  • Customer credit checks

    Common in the industry

    Sometimes per check

    Here

    Included

Ask before you sign

Four questions worth asking anyone.

Including us. If a factoring company will not answer these plainly on the phone, that is the answer.

Factoring elsewhere? Compare your terms

What is the contract term, and what does it cost to leave early?

Ours: there is no term and no early termination cost. Nothing to sign that locks you in, and nothing to give notice against.

Is there a monthly minimum, in dollars or in invoices?

Ours: no. No minimum dollar volume, no minimum invoice count, and no fee triggered by falling short of either, because neither exists.

Do I have to factor all of my customers?

Ours: no. You choose which customers you factor and which you invoice yourself, customer by customer. Once you factor a customer, all of their loads come to us; to go back to billing them yourself, ask us for an NOA release for that customer.

What is on the fee schedule besides the rate?

Ours: nothing. No ACH fee, no invoicing charge, no monthly service fee, and no per-check charge for credit checking your customers.

Nothing to sign. Nothing to promise.

Fill out the application, and if it turns out not to suit you, you have committed to nothing. That is the point.

Fill out an application800-838-2907