Process
How HaulFund works
We are a factoring broker. That means our job ends where the provider's begins — and you should know exactly where that line is before you send us anything.
Compare Factoring Options for Your Fleet
Four quick details. No obligation.
Short answer
You submit a short profile of your operation. HaulFund turns it into a comparison brief and takes it to participating third-party factoring providers. Those providers decide independently whether to make an offer. You compare the options on the same terms and choose one. The provider you choose makes the final credit, approval and funding decision, and its agreement governs the relationship.
How freight factoring works, end to end
The path an invoice takes from a signed BOL to cash in your account, and where the reserve fits.
You haul the load
Delivery completed, BOL signed by the receiver.
Invoice the shipper or broker
Invoice plus BOL goes to the factoring company instead of your own AR pile.
Factor verifies the load
The factor confirms delivery and the customer's credit before funding.
Advance is funded to you
A percentage of the invoice is wired or sent by ACH; the rest is held in reserve.
Customer pays the factor
On payment, the reserve is released to you minus the agreed factoring fee.
The six steps
- 1
You tell us how you run
Authority age, truck count, lane mix, typical invoice size, monthly volume, who your main brokers are, and whether you are currently under a factoring agreement. It takes a few minutes and there is no credit pull from HaulFund.
- 2
We build the comparison brief
Your profile is translated into the details providers actually price on — debtor quality, invoice size, volume consistency and whether a buyout is needed. Vague requests get vague quotes, so this step is deliberate.
- 3
Participating providers respond
We take the brief to participating third-party factoring providers. Each one decides independently whether to make an offer and on what terms. HaulFund does not fund, underwrite or approve anything.
- 4
You see the options laid out
Advance rate, fee structure, per-funding charges, minimums, recourse terms, notice period and termination cost — normalized so you can compare them on the same axes rather than on marketing language.
- 5
You choose, and the provider decides
You pick which provider to proceed with. That provider runs its own underwriting and makes the final credit, approval and funding decision. Their agreement governs the relationship, not ours.
- 6
Onboarding and setup
The provider handles the agreement, the notice of assignment to your brokers, any UCC filing and your funding setup. If you are leaving another factor, the buyout and UCC release are coordinated here.
What HaulFund does not do
- We do not fund invoices or advance money.
- We do not underwrite, approve or decline any carrier.
- We do not set rates, advance rates, fees or contract terms.
- We do not guarantee funding timelines on a provider's behalf.
- We do not provide legal advice on factoring agreements.
Key takeaways
- HaulFund compares options; providers make every funding decision.
- There is no cost to you for the comparison.
- Nothing is binding until you sign directly with a provider.
- The provider's agreement, not ours, governs the relationship.
- You can walk away at any point in the process.
Questions to ask a provider
- Which providers are participating in my comparison, and why those?
- What information will be shared with them?
- How are the options normalized so I can compare them fairly?
- Who do I talk to after I sign — HaulFund or the provider?
- How is HaulFund compensated if I proceed?
Frequently asked questions
- Does HaulFund fund my invoices?
- No. HaulFund is a factoring broker. Funding, credit decisions, underwriting and contract terms all come from the independent third-party factoring provider you choose.
- What does it cost me to use HaulFund?
- Nothing. HaulFund does not charge carriers for the comparison. If you enter an agreement with a participating provider, that provider may compensate HaulFund.
- Will submitting a request hurt my credit?
- HaulFund does not run a credit check. A provider you choose to proceed with may perform its own review as part of its underwriting process.
- How fast can this move?
- It depends entirely on the provider's underwriting queue, your paperwork and whether a buyout from an existing factor is involved. We do not promise funding timelines on any provider's behalf.
- Am I obligated to accept an option?
- No. You can review the options and walk away. Nothing binds you until you sign an agreement directly with a factoring provider.
Related reading
Broker vs direct provider
Why the distinction changes your options.
Editorial policy
How we write content and how we get paid.
Compare factoring companies
The evaluation framework.
Compare offers tool
Price proposals side by side.
Factoring Contract Center
What you will be asked to sign.
See my options
Start the comparison.
Want help comparing your options?
Send us the proposals you already have, or start from scratch. HaulFund compares factoring options from participating third-party providers — the provider you choose makes the final decision.
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.