Aug 15, 2017 • Carriers

5 Best Things About Our Freight Factoring Company

5 Best Things About Our Freight Factoring Company

Why InstaPay is the Best Freight Factoring Company

Using a reliable freight factoring company like Trucker Path InstPay is a great option for owner-operators to better manage their cash flow. However, not all factoring companies are created equal. Here are five things that make InstaPay the best freight factoring company for you.

1. Non-Recourse Factoring – We Collect For You

Our non-recourse factoring means we assume liability to collect from your clients. We pay you for your invoices and we assume the risk to collect, not you. Choosing to factor with our factoring company allows you to operate risk-free and focus on running your business of hauling loads. Send us your bill of lading and rate confirmation right after you haul and we’ll get you paid!

2. Get Paid in a Day

It’s all in our factoring company name. With InstaPay, you no longer have to wait 30 or more days before getting paid by your clients. Our factoring company pays you within a day after hauling a load. it’s instant!

3. Flat Rate – No Fees

Our factoring company charges a one-time, flat rate which means there’s only a one-time charge of a small percentage of the invoice total. There are no hidden costs and you won’t be charged for ridiculous factoring fees that other factoring companies will.

We even offer a special rate on your first load and discounts for referring friends who want to use a freight factoring company like InstaPay as well!

4. The Most Transparent Factoring Company

There are no contracts or commitments with InstaPay, just a short list or terms to agree to. We don’t require you to factor with us for a specific amount of time or require a minimum volume. There is no fine print to worry about. We pride ourselves on being completely transparent.

You’ll never be forced to factor a specific volume or length of terms. Factor on your terms and use InstaPay anytime you want.

5. Easy to Use Right From You Phone

We know how busy you can be, especially when you’re always on the road. Factoring with InstaPay is easy to set up and even easier to use. Our user-friendly Truckloads app allows you to take pictures of your documents and send them right from your phone.

Don’t let your cash flow become an issue. Signing up with our factoring company is a breeze and you can get paid in a day! So what are you waiting for?

[button text=”Sign Up For InstaPay” href=”https://www.getinstapay.com” width=”250px”]

TagsFreight Factoring

Truck Sanitation Tips <h2></h2> During the last few months, the COVID-19 pandemic has begun to have an effect on everyone in the world. While truckers continue to deliver the vital needs of the country, there is continued risk in accumulating and spreading the virus in doing so. There is a lot that we can do to help prevent the spread of COVID-19. Since truck drivers spend more time inside their trucks, it is important to make sure that it is a clean environment for you and for anyone who rides in it. In this article, we have put together a list of tips on how to clean and disinfect your truck. <h2></h2> <a href="https://truckerpath.com/uploads/2020/07/tst2.jpeg"><img src="https://truckerpath.com/uploads/2020/07/tst2-300x156.jpeg" alt="" width="300" height="156" class="alignleft size-medium wp-image-5233" /></a> <h2></h2> <h3><strong>1. Choosing Your Cleaning Materials</strong></h3> The first step to cleaning and disinfecting your truck is to choose the right cleaning agents and materials you will use. Isopropyl alcohol is a proven disinfectant, and is also safe to use on most truck interior surfaces. In fact, it is used in many production plants to put a final touch on interior components before they are shipped out. Isopropyl alcohol will remove many stains, smudges and residues, as well as kill bacteria and viruses. However, that stain removing quality can also cause problems with leather. <h2></h2> For leather components such as steering wheels, seating, and trim, a combination of soap and water is a safe and sufficient way to clean them. Avoid hard scrubbing when cleaning your leather interior, and avoid excess suds and water. Hand washing has been recommended as a primary way to protect oneself against infection by COVID-19, this holds true for washing your leather interior as well. <h2></h2> Another cleaning agent is chlorine dioxide (ClO2). It is a common disinfectant and odor eliminator, already prevalent in many shops. It is available in the form of tablets, and depending on the amount of water added, can be used in a vapor or liquid form. <h2></h2> It is recommended to use microfiber towels as cleaning material as it lessens the damage on any surface. Wash the towels thoroughly after each cleaning session. <h2></h2> <a href="https://truckerpath.com/uploads/2020/07/tst3.jpeg"><img src="https://truckerpath.com/uploads/2020/07/tst3-300x156.jpeg" alt="" width="300" height="156" class="alignleft size-medium wp-image-5234" /></a> <h2></h2> <h3><strong>2. Cleaning & Disinfecting Truck Interiors</strong></h3> While truck interiors are built to be tough, hard scrubbing or using a rough cloth can cause scratches or even discoloration. A wipe with alcohol on hard surfaces and gentle circular cleaning on upholstery are the best bets for both cleaning and maintaining your truck interior. <h2></h2> It is also very important not to use too much water on your seats. If cloth upholstery soaks through with water, it can get into the cushion beneath. This can cause the growth of mold and that musty smell you will recognize if you've left your windows open in the rain. <h2></h2> If washing the seats of your truck, it is best to wet a cloth or sponge with soap and water and wipe the seats. You do not want to leave excess soap or water, as it can take a long time to dry. Isopropyl alcohol can safely be used on non-leather seats. <h2></h2> <a href="https://truckerpath.com/uploads/2020/07/tst4.jpeg"><img src="https://truckerpath.com/uploads/2020/07/tst4-300x156.jpeg" alt="" width="300" height="156" class="alignleft size-medium wp-image-5235" /></a> <h2></h2> <h3><strong>3. Cleaning & Disinfecting Truck Exteriors</strong></h3> Truck exteriors should not be left behind. Wash you trucks regularly at truckstops. Pay attention to the parts which have frequent contact with your hands and shoes such as step boards and exterior door handles. You may clean these areas with soap. <h2></h2> <a href="https://truckerpath.com/uploads/2020/07/tst5.jpeg"><img src="https://truckerpath.com/uploads/2020/07/tst5-300x156.jpeg" alt="" width="300" height="156" class="alignleft size-medium wp-image-5236" /></a> <h2></h2> <h3><strong>4. Keeping Clean While on the Road</strong></h3> While you're out, you're exposed to germs and viruses that can follow you back into your truck. If you don't have enough time to do a thorough truck clean, keep in mind of the common contact points such as door handles and controls, keys or start button, steering wheel, gear shift, seats, CB radio, all buttons and knobs on your dash, sun visor, anything touchscreen, the console and cup holders. <h2></h2> You can use disinfectant wipes on most surfaces. Wipe your mobile phones while you're at it too. <h2></h2> <h2></h2> <h2></h2> <h2></h2> <h4>By Aldous Aldwin</h4> <h3></h3> <h3></h3>

Jul 29, 2020 • Carriers

Freight Factoring Process [p]Here's a step-by-step guide to better understand the freight factoring process and how it can be beneficial for your trucking company.[/p] [h2] Freight Factoring Process [/h2] [p] The freight factoring process might sound complicated and even overwhelming but it doesn't have to be. It can be better understood by following our easy to follow guide, along with choosing a <a href="https://truckerpath.com/blog/freight-factoring-company/">freight factoring company like <strong>InstaPay</strong></a>. that makes the process of getting paid easier than ever! [/p] [h2] What is Freight Factoring? [/h2] [p]Freight factoring is the process of selling accounts receivable (freight invoices) for a discounted price so owner operators don’t have to wait over a month to get paid. It's a finance solution that allows your trucking company access to immediate funds without having to deal with banks, collateral or interest charges. It's the best way to streamline your cash flow.[/p] [p] When you choose to factor your freight invoices, your credit score does not matter, nor does the size of your business. Freight factoring is based on your client and <a href="https://truckerpath.com/blog/recourse-vs-non-recourse-factoring/">non-recourse freight factoring</a> with <strong>InstaPay</strong> means you don't have to worry about collecting from your clients either. To put it simply - send your docs and get paid immediately![/p] [p] Overhead costs can pile up and put your trucking company at risk. Diesel fuel prices aren't going down significantly anytime soon and if you have used trucks in your fleet, repairs can cut into any potential profit as well with costs upwards of $.15 cents per mile according to the American Transportation Research Institution. [/p] [p] If you want to know more about freight factoring in greater detail, check out our breakdown of the <a href="https://truckerpath.com/blog/advantages-of-freight-factoring/">advantages of freight factoring. </a> [/p] [video id=h3kXwM59BgM] [h2] Freight Factoring Step-by-Step Guide with InstaPay [/h2] [p]1. Finish hauling your load [/p] [p]2. Take a picture of your Bill of Lading and Rate Confirmation and email them to InstaPay, right from your phone[/p] [p]3. Wait for a response with the<a href="https://truckerpath.com/blog/factoring-agreement/"> factoring agreement</a> from InstaPay [/p] [p]4. Agree to the terms (no minimum commitments or <a href="https://truckerpath.com/blog/hidden-costs-to-factor/">hidden fees</a>) [/p] [p]5. Sign-up (if you haven't already) and provide information for bank deposit [/p] [p]6. Get paid within a day and let InstaPay handle collections [/p] [p]<strong>It's that easy!</strong> You (and your fleet of drivers) work hard and make tremendous sacrifices to ensure freight is delivered in a timely manner. Without your dedication, America couldn't function the way it does now. It's why you shouldn't have to wait to get paid.[/p] [p]Try freight factoring with Trucker Path InstaPay and expand your business, hauling more freight. [/p] [button text="Sign Up For InstaPay" href="https://www.getinstapay.com" width="250px"]

Oct 10, 2017 • Carriers

Freight Broker License [p] Learn how to get a freight broker license and move freight in a few easy steps.[/p] [h2]Freight Broker License[/h2] [p]The freight industry is continually expanding and having a freight broker license gives you the authority to earn money by moving truck freight without actually hauling it.[/p] [p] A freight broker license allows freight brokers the authority to move freight by connecting shippers with carriers, essentially brokering the deal. Freight brokers are hired by shippers who have freight that needs to be hauled from one location to another.[/p] [p]Let's say there is a furniture warehouse in Texas that needs to ship its freight to department stores in Georgia. The warehouse representative is the shipper, who needs to find a carrier to haul the load. This is where the freight broker comes in.[/p] [p]With a freight broker license you are paid by the shipper to find a carrier to haul the load. You can use your broker authority to find qualified carriers on load boards like [a href="https://truckerpath.com/truckloads/broker-load-board/?utm_source=Blog&utm_medium=brokerlicense&utm_campaign=July19"]Truckloads[/a] by either posting information about your freight or by doing a truck search to find a potentially interested carrier.[/p] [giphy]<iframe src="https://giphy.com/embed/2HtWpp60NQ9CU" width="480" height="263" frameBorder="0" class="giphy-embed" allowFullScreen></iframe>[/giphy] [h2]Freight Broker License Cost[/h2] [p]To get a freight broker license and have broker authority you must apply for a US DOT number with the Department of Transportation first. Once approved, use your DOT Number to get a Motor Carrier (MC) number and broker authority with the Federal Motor Carrier Safety Administration (FMCSA). This is approved through the completion of the [a href="https://www.fmcsa.dot.gov/registration/form-op-1-application-motor-property-carrier-and-broker-authority"]OP-1 Form[/a] which includes a $300 application fee.[/p] [h2]Broker Authority[/h2] [p]Having broker authority isn't the only requirement to become a freight broker. You will need to decide if you want to start a freight broker company or if you want to work for an established brokerage company.[/p] [p]Regardless of your choice, you should be sure to do ample research in order to better understand the nuances of the trucking industry and which options are best for you. We've provided a step-by-step guide to help you become a freight broker.[/p] [button-white href="https://truckerpath.com/blog/how-to-become-a-freight-broker/"]Guide to Become a Freight Broker[/button-white]

Jul 19, 2017 • Brokers