The brokerage model
Why use a factoring broker instead of calling factors one by one?
A factoring company can only ever recommend its own program. A broker's job is to lay several programs side by side so you can see where the differences actually are — advance rate, fee structure, contract length and what happens if you want out.
Compare Factoring Options for Your Fleet
Four quick details. No obligation.
Short answer
A factoring broker is an intermediary who helps a carrier find and compare factoring providers. HaulFund is a factoring broker: we gather your operating details once, present options from participating third-party providers, and explain the trade-offs. The provider you choose makes the final approval decision, sets your rate and funds your invoices.
A factoring broker vs. going direct to one factor
Same carrier, two paths: a single program, or several written offers side by side.
Going direct
Your carrier
One application, one program, one price.
A single factoring company
Their rate, their contract.
Accept or start over
Comparing means repeating the process.
Through a broker
Your carrier
One set of operating details, given once.
HaulFund (broker)
Presents what participating providers can offer, side by side.
Provider A
Provider B
Provider C
You choose
The provider you pick sets final terms and makes the funding decision.
What a broker does — and does not do
The difference matters, because much of the confusion in freight factoring comes from carriers assuming whoever they spoke to first is the one making the decision.
| HaulFund (broker) | The factoring provider | |
|---|---|---|
| Collects your business details | Yes, once | Again, in their own application |
| Presents multiple options | Yes | Only its own program |
| Sets the rate and advance | No | Yes |
| Runs underwriting and approval | No | Yes |
| Buys the invoice and sends funds | No | Yes |
| Collects from the broker or shipper | No | Yes |
| Explains the fine print before you sign | Yes | Varies |
How HaulFund is paid
HaulFund is compensated by participating factoring providers when a carrier we introduce moves forward with them. Comparing options through HaulFund carries no fee to the carrier. Because compensation arrangements differ between providers, ask us directly which providers on your shortlist compensate us and how — we will answer plainly.
When a broker is worth it
- You are shopping factoring for the first time and have no baseline for what a fair structure looks like.
- You have one quote and no idea whether it is competitive for your fleet size and lanes.
- Your current agreement has terms you dislike and you want to see what else exists before giving notice.
- You run a niche the big national factors treat as an edge case — new authority, one truck, seasonal reefer, cross-border drayage.
- You do not want your details keyed into a dozen application forms that each trigger a sales sequence.
When going direct may make more sense
If you already have a long relationship with a factoring provider, know your effective rate, and are satisfied with service and terms, there may be nothing for a broker to improve. A broker adds value when there is a real choice to be made.
Keep reading
How to choose a factoring company
The evaluation checklist we walk carriers through.
Compare factoring companies
The criteria that actually separate providers, and how to weigh them.
Freight factoring rates
How factoring pricing is built and where the real cost usually hides.
Switching factoring companies
Notice periods, buyouts and UCC releases, in order.
California trucking factoring
Drayage, Central Valley reefer and coast-to-coast lanes.
Takes 2 minutes. Five fields.
Tell us your MC number and how much you invoice a month, and we'll work to identify available factoring options based on your business profile and participating provider availability.
HaulFund is a factoring broker and is not a direct lender or factoring provider. HaulFund connects businesses with independent third-party factoring providers. HaulFund does not make final credit, underwriting, approval, or funding decisions. Rates, fees, advance amounts, funding times, contract terms, and eligibility vary by provider and are subject to provider approval.