Freight factoring
Deliver today.
Get paid today.
Stop waiting 30 to 60 days for broker checks. Our factoring partner advances up to 97% of the load value within hours, and PDI gets you set up.
Fast lane
Already know the flow?
Submit your full application and our factoring team reviews it and sends it to the funder.
Sign in with your carrier account to apply. Your answers save as you go.
New to factoring?
Talk to a rep first
Not sure if factoring is right for you? Leave your details and our factoring team will walk you through it.
Two plans
Pick the plan that fits
Non-recourse
Flat 2.95%The factor takes the loss if an approved broker does not pay you.
Recourse
Variable rateThe rate varies with your customers and you buy back the invoice if the broker does not pay.
What's included
- Same-day ACH or wire funding
- Free broker credit checks through our partner
- Online portal to track every invoice
- Collections handled by the factoring company
- No long-term contracts
- Fuel advances available on request
Qualifying
What you need to qualify
- At least 90 days in operation.
- Active authority and a certificate of insurance.
- Invoices billed to creditworthy brokers or shippers. The factor checks your customers' credit, not yours.
- No open notice of assignment with another factoring company, or a completed buyout.
- A rate confirmation and signed proof of delivery for every invoice you factor.
FAQ
Common questions
PDI Industries is not a factoring company. We connect carriers with our factoring partner, Eagle Business Credit, LLC, and are paid a referral fee when a carrier is approved and funded. The factoring agreement is between you and the factor. Rates, approval, and funding decisions are made by the factor.