FactorLoads

What FactorLoads does

FactorLoads is a freight factoring company that purchases invoices from trucking companies, owner-operators, and freight brokers to provide immediate cash flow in lieu of waiting weeks for shipper or broker payments. Founded in 1996 in Heber City, Utah, and operating as a subsidiary of Insight Technology, Inc., the company serves the U.S. and Canadian trucking markets, with a specific focus on small carriers, startups, and midsized trucking companies. Its service portfolio includes recourse and non-recourse factoring, True Spot Factoring (invoice-by-invoice selection), same-day setup, 24/7 support including roadside assistance, and a startup kit that helps new carriers with LLC formation and authority paperwork.

The underlying platform comprises an online account management portal for credit checks, bill submission, chargeback monitoring, business reporting, and tax filing assistance, complemented by a Credit Watch system that alerts carriers to declining shipper credit. The product stack is extended through partnerships with EFS and Comdata, which provide fuel discount cards delivering 8-25 cents per gallon savings across approximately 20,000 combined truck stops, and a complimentary load board providing access to over 28,000 daily freight postings. FactorLoads prices on a transactional take-rate basis with no contracts, no monthly minimums, and no hidden fees, and acquires customers primarily through inside sales, an online contact form, content marketing, and customer referrals.

Revenue is generated through factoring fees on each invoice purchased, supplemented by partnership economics from fuel card programs. Customer acquisition is driven by a 24/7 phone-based inside sales operation with dedicated extensions, a startup onboarding funnel for new trucking companies, and organic channels including a trucking-industry blog and social media presence. The go-to-market motion is deliberately oriented toward under-served SMB owner-operators, positioning FactorLoads in contrast to enterprise-oriented factors that require longer contracts and impose monthly minimums.

Name

FactorLoads

Legal name

FactorLoads

Website

https://factorloads.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

51–100 employees

Short description

FactorLoads is a freight factoring company that purchases invoices from trucking companies, owner-operators, and freight brokers to provide immediate cash flow, complemented by fuel card partnerships and a complimentary load board. Founded in 1996 and based in Heber City, Utah, it targets SMB carriers and startups in the U.S. and Canada.

Ownership category

akta.pro rank

Headquarters

HQ city

Heber City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Freight Invoice Factoring: FactorLoads purchases freight invoices from trucking companies and owner-operators, providing immediate cash payment. The company charges a factoring fee (percentage of the invoice) for this service. They offer recourse programs (pay upfront when bills are submitted) and non-recourse programs (accept possibility of non-payment for higher fees).
2. Fuel Card Services: Partner with EFS and Comdata to provide fuel discount cards to factoring customers, earning revenue through these partnerships and providing savings to customers at truck stops nationwide.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

FactorLoads is a freight factoring company that purchases freight invoices from trucking companies, owner-operators, and freight brokers and pays them out the same day (typically within 24 hours of delivery), charging a per-invoice factoring fee. It offers recourse, non-recourse, and true spot (invoice-by-invoice) factoring programs, supplemented by EFS and Comdata fuel discount cards, a complimentary load board, an online account management portal, a Credit Watch monitoring system, and 24/7 roadside assistance.

Product overview

FactorLoads is a freight factoring company offering a suite of financial services for the trucking industry. The core offering consists of Truck Freight Factoring with two program types: Recourse Factoring (upfront payment with customer risk) and Non-Recourse Factoring (protection against non-payment). These are complemented by True Spot Factoring for flexible, invoice-by-invoice factoring control. The platform includes ancillary services including EFS and Comdata fuel discount cards (providing 15 and 10-25 cents per gallon savings respectively), a complimentary Load Board (28,000+ daily postings), an Account Management System for credit checks and reporting, a Credit Watch System for customer risk monitoring, 24/7 Roadside Assistance, and same-day setup. The company operates without contracts, monthly minimums, or hidden fees.

Differentiator

Problem solved

Functional benefit

Products and services

• Truck Freight Factoring

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Electronic Funds Source (EFS)coreTechnology or IntegrationEFS (Electronic Funds Source) provides fuel discount cards to FactorLoads customers, enabling approximately 15 cents off per gallon of fuel at over 12,000 truck stops nationwide. EFS cards offer fleet pricing discounts, fraud prevention features, truck reports, and integration with existing business software through the EFS CarrierControl mobile app.
• ComdatacoreTechnology or IntegrationComdata provides fuel discount cards to FactorLoads customers with fuel discounts including 10 cents/gallon at Pilot Flying J, 8 cents at Speedway, AMBEST and Love's, and 25 cents at TA Petro. Cards work at over 8,000 truck stops with customizable spending controls and fraud detection features.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Porter Capital: Invoice factoring company serving small and mid-sized businesses including carriers, with recourse and non-recourse programs. Directly comparable business model and SMB focus.
• Apex Capital Corp: Major US freight factor offering non-recourse factoring, fuel advances, and a carrier technology platform. Closely overlaps with FactorLoads on owner-operator/SMB trucking customers and the same transaction-fee revenue model.
• Triumph Business Capital: One of the largest freight factoring providers in the US, serving carriers and freight brokers with full-service factoring, fuel cards, and back-office tools — directly comparable to FactorLoads in target customer and product mix, but at materially larger scale.
• Riviera Finance: National factoring provider with a dedicated transportation practice, offering recourse and non-recourse freight factoring. Comparable product set and customer type, but broader industry diversification outside transportation.
• TBS Factoring: Freight factoring company focused on owner-operators and small fleets with same-day funding and fuel card programs. Highly comparable to FactorLoads on SMB carrier focus and value-added bundling.
• TCF (Transportation Capital Funds): Specialized freight factoring company serving small and mid-sized carriers and freight brokers. Comparable in customer segmentation, recourse/non-recourse products, and 24/7 service positioning.
• eCapital: Tech-enabled factoring and working capital provider with a strong transportation vertical, offering freight factoring, fuel cards, and back-office automation — competing directly for the same SMB carrier base as FactorLoads.

Emerging players

• altLine (The Southern Bank): Factoring product offered by a regional bank, providing working capital to small businesses including freight carriers. Comparable on factoring mechanics but differentiated by bank-based funding and broader SMB reach.
• BlueVine: Digital-first invoice factoring and business banking platform serving SMBs. Overlaps with FactorLoads on invoice factoring for small businesses but with a more digital, fintech-led go-to-market targeting broader industries beyond trucking.

Broad incumbents

• Stifel's Transportation Finance Group: Broker-dealer and investment bank with a transportation-focused finance practice, including larger factoring and lending solutions. Comparable end market (transportation) but at materially larger enterprise client scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Factorloads.InsightTechnologyInc
• LinkedInlinkedin.com/company/factorloads---insight-technology-inc-
• Instagraminstagram.com/factorloads
• Xx.com/factorloads

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FactorLoads