How quickly can I get funded after applying for freight factoring?

After your application is approved, funding is very fast. Once you submit your first valid invoice and bill of lading, most factoring companies can transfer the advance to your bank account within 24 hours.

Will my customers know that I'm using a factoring company?

Yes, and this is a standard, professional practice in the transportation industry. Your customers will receive a Notice of Assignment (NOA) that legally directs them to send payments to the factoring company instead of you.

Do I need good credit to qualify for freight factoring?

Generally, no. Factoring is not a loan. The decision is based on the creditworthiness of your customers (the brokers or shippers), not your personal or business credit score. This makes it a great option for new or growing companies.

What is the difference between recourse and non-recourse factoring?

In recourse factoring, you are responsible for paying the factoring company back if your customer fails to pay the invoice. In non-recourse factoring, the factoring company assumes the credit risk if your customer doesn't pay due to insolvency, offering you more protection.

Can I choose to factor only some of my invoices?

This depends on the factoring company and your agreement. Some companies allow 'spot factoring,' where you can pick and choose which invoices to factor. Others may require you to factor all invoices from a specific customer or all of your accounts.

Apply for Freight Factoring in Barrington, IL

Services we specialize in

Upfront pricing, clean work, no surprises.

ELD Compliance

$15/driver/month, no contracts, use existing hardware. Works with PT-30 and IOSix devices.

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Fuel Savings

Avg 42¢/gal via AtoB at 4,200+ truck stops, up to $2/gallon at select locations. No annual fees, no credit check, no transaction fees at partner stops.

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Factoring

1 - 2% flat fee, zero reserves, paid in 24 hours. No long term contracts, ACH fees, invoice fees, or monthly minimums.

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24/7 US-based support

Support in your language, any time you need it.

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Access Capital

Fast approval and flexible options for fuel, repairs, and growth.

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Why ELD HUB

One Platform Built for Small Trucking Companies. Offering ELD compliance, fuel savings, factoring, and 24/7 US-based support.

Licensed & insured
Fully credentialed, background-checked technicians.
Upfront pricing
Flat quotes before any work begins. Zero surprises.
On-time, every time
We respect your schedule and arrive in the window.
Satisfaction guaranteed
If it's not right, we make it right — at no cost.

Frequently asked questions

Quick answers to what most customers ask before they book.

What is ELD HUB?

ELD HUB is a comprehensive platform built for small trucking companies, offering solutions for ELD compliance, fuel savings, factoring, access to capital, qualified CDL drivers, real-time freight market data, and insurance.

How can ELD HUB help my small trucking company?

We help you streamline operations, reduce costs, and improve cash flow. Our services include easy ELD compliance, significant fuel discounts, swift factoring payments, and access to vital resources for growth.

Do I need new hardware for ELD compliance?

No, you don't. Our ELD compliance solution works with your existing PT-30 and IOSix devices, eliminating the need for new hardware purchases and minimizing downtime.

How quickly can I get paid with your factoring service?

With our factoring service, you can be paid within 24 hours of submitting your invoice, with a transparent flat fee and no reserves.

What kind of support does ELD HUB offer?

We provide 24/7 US-based support in your language, ensuring you always have assistance whenever you need it, for any question or concern.

Are there contracts required for ELD HUB services?

No, there are no long-term contracts required for many of our services, offering you flexibility and control over your business.

ELD HUB — Trusted Other in Barrington

Services we specialize in

ELD Compliance

Fuel Savings

Factoring

24/7 US-based support

Access Capital

Why ELD HUB

Photos from the field

Frequently asked questions

Where we work

Ready when you are.

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