Frequently asked questions
Step 1: You haul and deliver a load for your customer.
Step 2: You send the load’s paperwork and invoice to your factoring company.
Step 3: The factoring company buys the invoice and you receive payment from them.
Step 4: The factoring company sends the invoice to your customer.
Step 5: The factoring company collects payment from your customer for the invoice.
Factoring is an excellent way of getting money fast to manage cash flow to pay for operating expenses without creating debt. You could go to a bank and try to get a loan, but there’s no certainty you will be approved. And even if you are approved, you may not be able to get additional loans for critical equipment such as trucks or trailers.
Because you are factoring your outstanding freight invoices, we are focused on your customers’ credit. Plus, a good factoring company will also take the hassle of collecting your invoices off your back and provide you with important back-office support services.
You wouldn’t buy a truck without looking at it first, right? Then why haul a load for a customer without knowing they can be relied upon to pay? Checking credit regularly will dramatically reduce serious issues such as payment delays.
Every load that you don’t get paid means you need as many as 12 loads to make up the cost. Rubber Duck Funding provides 24/7/365 online access so you can know instantly how much credit will be extended to one of your customers. You can also use the Rubber Duck Funding Mobile Factoring™ App (coming soon) to check credit anytime.
We spend valuable effort and resources to make sure our credit system is the most accurate and reliable of any factoring company. We are committed to providing the best, most trusted service.
We primarily factor freight bills, but we also offer authority services and client portfolio management services. We provide collections, credit, fuel cards, and other services to help start your company and allow it to run smoothly and effectively.
Here are a few of the extra services we offer: – Startup Program to get your authority – Personal account manager – 24/7 online access – 24/7/365 funding through the Rubber Duck Funding Digital Wallet – Free credit checks – Substantial fuel and tire savings programs – customized Rubber Duck Funding Fuel Card Program – Rubber Duck Funding Mobile Factoring™ App (coming soon) – 24/7/365 Roadside Rescue program through Big Rig Fleet Service – Major savings through our partner programs such as hotels, work wear and much more!
Non-recourse and recourse refer to the party that takes the payment risk. If you enter into a recourse arrangement, that means you are responsible for buying back the invoice from the factoring company if your customer does not pay.
If you have a non-recourse arrangement, that means the factor will take the loss, not you, if the customer doesn’t pay the invoice due to credit reasons.
Should your customer ever mistakenly send you a check or makes an automatic payment into your account, you must immediately forward either the check or the payment directly to Rubber Duck Funding Corp. and notify your account representative. Do not deposit a check from a customer that you’ve factored with.


