Fast-Pay & Factoring Support
Deliver. Send the POD. Get funded.
Eligible approved invoices may qualify for funding in less than 24 hours through participating factoring providers. We do the paperwork that makes that possible.
Fast-Pay & Factoring Support
Deliver the load. Send the POD. We help move the paperwork.
Eligible approved invoices may qualify for funding in less than 24 hours through participating factoring providers.*
ALBERJO gets you set up with a factoring partner, packages clean paperwork the same day you deliver, submits it before the partner's cutoff, and follows up. Quick-pay options are used where brokers offer them.
- 01Drive
- 02Deliver
- 03Send POD
- 04Documents processed
- 05Partner approves
- 06Funding
* Funding is provided by participating independent factoring providers and depends on the provider's approval, cutoff times, complete paperwork and program terms. ALBERJO provides fast-pay and factoring support; it does not purchase invoices, extend credit or guarantee payment timing.
Who does what
ALBERJO handles the paperwork. The factoring partner funds it.
ALBERJO
- Get you set up with a factoring partner (or work with the one you already use)
- Prepare the notice of assignment and broker paperwork
- Package the rate confirmation, BOL and POD the same day you deliver
- Submit before the partner's cutoff so eligible invoices can fund quickly
- Track the invoice and follow up on short pays, detention and TONU
- Use broker quick-pay options where they beat factoring
The factoring partner
- Approves or declines each invoice and sets eligibility
- Advances the funds and sets the advance rate and fee
- Sets cutoff times and funding schedules
- Purchases the invoice; ALBERJO never does
Funding is provided by participating independent factoring providers and depends on the provider's approval, cutoff times, complete paperwork and program terms. ALBERJO provides fast-pay and factoring support; it does not purchase invoices, extend credit or guarantee payment timing. Factoring fees and advance rates are set by the partner and disclosed in the partner's agreement. Where ALBERJO receives any referral compensation from a partner, it is disclosed to you in writing.
FAQ
Fast pay and factoring questions
Is ALBERJO a factoring company?
No. ALBERJO provides fast-pay and factoring support. Funding comes from an independent factoring partner, which approves invoices, sets its own rates and advances the money. ALBERJO does not purchase invoices or extend credit.
How fast can I get paid?
Eligible approved invoices may qualify for funding in less than 24 hours through participating factoring providers. Timing depends on the factoring partner's approval, its cutoff time and complete paperwork. We package and submit your documents the same day you deliver so eligible invoices are in the queue as early as possible.
What does factoring cost?
The factoring partner sets its fee and advance rate; industry ranges we see are roughly 1% to 5% of the invoice with 70% to 99% advanced. Your rate is set by the partner, disclosed to you in the partner's agreement, and is separate from ALBERJO's dispatch fee.
Can I use my own factoring company?
Yes. We work with the partner you already have. Send us the notice of assignment and we route paperwork accordingly.
What is quick pay?
Some brokers offer to pay in 1 to 7 days for a fee instead of standard 30-day terms. Where a broker's quick pay is a better deal than factoring for a specific load, we tell you and use it.
Stop waiting 30 days to get paid for work you finished.
Apply in two minutes, or call a dispatcher now.
No setup fee. No forced dispatch. Not every applicant to the ALBERJO Authority Program will qualify.