The words on a factoring agreement, in plain English.

Selling your unpaid B2B invoices for cash now instead of waiting on your customer. You deliver the work and invoice as usual, Integra advances most of the invoice value the same day, and the rest follows when your customer pays. It is the same product as invoice factoring; the trucking world also calls it freight factoring.

It is not a loan. Factoring is the sale of an asset, your invoice, for immediate cash. It has no monthly principal or interest payment. Approval is based on your customers' credit, not your years in business, which is why new companies qualify.

The portion of your invoice Integra funds the day you submit it. You receive a large portion of the invoice up front, and the remainder, less a small fee, when your customer pays. Freight is simpler: trucking invoices are smaller, so nothing is held for later, you are funded on the invoice in full, less the fee.

If your customer never pays, your business buys the invoice back. Recourse means you carry the credit risk on an unpaid invoice within an agreed window. Because the risk stays with you, recourse is the standard, lower-cost structure. Integra checks your customers' credit up front to keep non-payment rare.

Integra absorbs the loss if a previously approved customer becomes insolvent. Non-recourse protects you against a customer going under, not against a customer who is merely slow to pay. It carries a higher rate to reflect the added credit risk Integra takes on. Integra offers both recourse and non-recourse.

You pick the customers you fund, rather than committing your whole book. Factor the customers that make sense for your cash flow and leave the rest on standard terms. There are no volume minimums, and you can adjust the program as your needs change.

Moving from your current factoring company to Integra, handled for you. Integra coordinates the payoff with your existing factor and manages the notice-of-assignment transfer so your funding keeps running without a gap. You do not have to wait out your current arrangement to start.

Funds reach your account the same business day when paperwork is in on time. Submit complete, approved paperwork before the 1:00 p.m. CT cut-off, Monday through Friday, and Integra funds that day.

To qualify for same day funding, complete paperwork must be submitted by the 1:00 p.m. CT cutoff time M-F. All funding is subject to initial application approval.

The quick check that an invoice is valid before it is funded. Integra confirms the load was delivered or the work was completed and accepted, usually from the paperwork you submit. It protects both you and your customer and is a routine step, not a delay.

A list of your unpaid invoices grouped by how overdue they are. The report shows what each customer owes and for how long (current, 30, 60, 90+ days). Integra reviews it at no cost to understand your book and quote a competitive rate.

The broker's document confirming the agreed rate for a load. It states the load details and what the broker will pay. The rate con is one of the two documents Integra needs to factor a freight invoice.

The signed document showing the load was delivered. A signed bill of lading or delivery receipt is the second of the two documents needed to factor a freight invoice. With the rate con and the POD in hand, your invoice is ready to fund.

Checking a broker's payment history before you commit a truck. Knowing a broker pays, and pays on time, is one of the simplest ways to avoid a slow-pay. Integra runs free broker credit checks for clients.

The operating authority the FMCSA issues to a motor carrier. A new authority can factor from day one, because factoring is underwritten on your brokers' credit, not your operating history. A brand-new number is not a barrier to getting funded.

A letter telling your customer to send payment to the factor. When you factor an invoice, your customer is notified to pay Integra directly. It is a standard, routine part of any factoring relationship and does not signal trouble; it is simply how the invoice gets paid to the right place.

The customer who owes money on the invoice you factor. In freight, this is usually the broker or shipper. Because the debtor is who ultimately pays, their creditworthiness is the primary basis for approval.

A public notice that secures the factor's interest in your receivables. It is a normal part of a factoring agreement and the same mechanism banks use in business lending. A specialist explains exactly what is filed before you sign anything.