HaulHound users now have more
options to get paid fast!
HaulHound + Express Freight Finance
HaulHound has teamed up with Express Freight Finance (EFF) to provide flexible, convenient freight bill factoring. EFF will handle your collections & credit checks, so that you get paid fast. EFF is seamlessly integrated with HaulHound so that all pre-approved factorable loads will be marked with an EFF icon next to it and you can filter to only see EFF pre-approved factorable loads.
Fill out the form below to learn more about how factoring with EFF can stimulate your business and provide vital cash flow when you need it.
Ready to get paid faster?
Freight Bill Factoring FAQs
HaulHound’s partnership with Express Freight Finance benefits your business by helping you choose the right loads. EFF makes it easy to sift through 40,000+ loads. The EFF logo on certain HaulHound loads serves as an indicator of credit-worthy shippers and brokers. If you book one of these loads and are signed up to factor with EFF, you will get paid within 24-48 hours.
After a load has been dropped off, a creditworthy freight bill can be exchanged for immediate cash. With HaulHound & EFF, this will happen within twenty-four hours after the freight bill is presented to EFF. This way, you are able to get cash out of your invoices several weeks before the shipper pays the invoice. All this, for only 1-5% of your invoice!
Factoring is a cash flow tool. With factoring, you get cash nearly immediately and your factoring company does the waiting–so you have a steady cash flow and the surety that you will meet your short- and long-term business obligations. Besides other benefits, you are freed up to focus on doing the things needed to grow your business, while the factoring company handles collections and credit management.
You just need to submit your name and contact information on this page in the section above. A representative will contact you right away. Supporting information:
- Copy of Driver’s License
- Copy of Articles of Incorporation/Organization
- Copy of Operating Authority
- Copy of Insurance Certificate
We will process your application within 1-2 hours. Once approved, we send you our Factoring Agreement to be signed. After signing, we will get to work on your invoices!
As long as you have your own motor carrier authority and the loads have been tendered directly to your company, we are more than happy to factor your freight bills.
It depends on how quickly you submit a completed application. However, typically the process from application to funding occurs within 24 hours.