Non-recourse funding.
Eligible commercial invoices are funded on a non-recourse basis.
The factoring agreement sets out the coverage.
For carriers and owner-operators
We fund your
freight invoices.
Receive 80% upfront after approval, before your broker or shipper pays. Non-recourse funding at a 0.04% daily fee.
An example to start. Enter your freight invoice amount.
Count from the upfront payment to customer payment.
Days run from funding to payment.
Freight invoice breakdown
USDUpfront payment80% of the invoice after approval$8,000
Funding fee0.04% × 20 funded days−$80
Balance after customer payment$2,000 remaining, less the fee$1,920
Estimated total payment$9,920
$10,000 × 0.04% × 20 days = $80 fee
No documents needed to submit an invoice.
- 80%upfront after approval
- 0.04%daily funding fee
- Non-recoursecoverage set out in your agreement
Invoice submission
Submit an
invoice.
Share the invoice details and the broker or shipper that owes payment. Delos will review your request and follow up.
How it works
From freight invoice
to payment.
Submit your freight invoice.
Share the invoice amount, broker or shipper’s legal name and state, payment terms, and due date. We may ask for the invoice, rate confirmation, or proof of delivery.
Receive 80% upfront.
For an eligible invoice, 80% of its value is advanced after approval and agreement of the terms.
Receive the balance.
Once the broker or shipper pays, you receive the remaining 20% less the agreed daily fee.
The details
Factoring terms.
Invoice submission window.
Submit an issued invoice up to 30 days after its due date.
Funding days run from the advance to customer payment.
Daily fee and charges.
The daily fee is 0.04% while the funding is in use.
Your invoice’s terms set out the fee base and any additional charges.
FAQ
Freight factoring
questions.
How many invoices can I submit?
As many as you need. Mention the invoices in the Invoice details field, and we’ll contact you directly for the additional details.
How does freight factoring work?
Factoring provides an upfront payment against an eligible freight invoice before the broker or shipper pays. After approval, you receive 80% of the invoice value. When your customer pays, you receive the remaining 20% less the agreed daily fee.
Can I submit an overdue or disputed invoice?
Issued invoices can be submitted up to 30 days after the due date. Describe any overdue payment or dispute in Invoice details so we can review it.
What freight documents do I need?
Start with the invoice amount, broker or shipper’s legal name and state, payment terms, and due date. We may request the freight invoice, rate confirmation, and a signed bill of lading or proof of delivery during review.
What are the fees?
The daily fee is 0.04% while the funding is in use. For example, 20 days of funding gives a daily-fee total of 0.8%. The fee is deducted from the remaining balance after your customer pays. The factoring agreement confirms the fee base and any additional charges.