FAQ

Q: What is Factoring?
A:Factoring is purchasing accounts receivables to help small business manage cash flow. D&S Factors provides quick, affordable cash and eliminates the hassle of trying to collect from customers on your own. When you sell your freight bills to D&S Factors, you get paid quickly for the work you've done, and we handle all your invoicing and collections. This gives you the time to focus on your business and do what you do best. Get paid, get back on the road and back to business!

Q: What fees are associated with factoring?
A: D&S Factors charges a small flat fee of 5% - with no reserve account - which allows you to easily calculate the amount paid to you. No fluctuating fee structures or additional costs are incurred. We even provide you with a FREE mobile app and FREE TripPak envelopes to send in your paperwork. When we say 5% flat, we mean 5% flat.

Q: If I begin factoring my accounts with D&S Factors, do I have to factor all of my accounts?
A: No, choose only the brokers & shippers you wish to factor.

Q:Is there a minimum volume required?
A: No, you can factor as many or as few of your invoices as you need .

Q: What is the difference between factoring and a bank loan?
A: Factoring is the purchase of accounts receivable at a discount. As a business owner, factoring allows you to sell receivables to D&S Factors. Your business will get paid quickly by us instead of waiting 30 to 45 days to get paid by the broker. Factoring allows you to turn over the billing and collection of the receivables to D&S Factors.

A bank loan may be a line of credit secured by your accounts receivable. The accounts receivables are collateral for the bank loan and not sold to the bank. As a business owner, you are still required to bill and collect the receivables in order to make your loan payment. If you do not collect on your receivables, you are still required to make your loan payments in a timely manner.

Factoring allows you to access the cash tied up in your receivables without incurring debt. Factoring eliminates the worry and stress of collecting your receivables. By speeding up your cash flow, you can concentrate on the day to day operation of your business and not worry about collecting on your invoices.

Q: What are the benefits of factoring with D&S Factors?
A: There are several

  • Immediate cash
  • No set-up fees
  • Working capital
  • No debt
  • No reserve accounts
  • No minimum monthly quotas
  • Friendly and knowledgeable customer service
  • Several convenient funding options
  • Eliminates the stress of collecting on your receivables
  • Online access to account information
  • Free Mobile App
  • Free credit checks
  • Much, much more ...

Q: How can I determine if my customers are eligible for factoring?
A: There are four ways to check factoring eligibility:

  1. Login through D&S website - click on the "Factorable" link and the broker or shippers MC, name, or other information to determine if they are factorable. 
  2. Download our free mobile app - click on the credit check link to enter the broker/shipper information.
  3. Email support@dsfactors.com with the customers legal name and MC number and we will respond within one business day.
  4. Call our customer service line at 208-452-1902 and speak with an account representative.