Factoring Solutions for Carriers

Empower Your Fleet With Fast, Reliable Freight Factoring

SIV Enterprises LLC partners with Operation Finance, Inc. (OperFi) to offer best-in-class freight factoring solutions. Unlock your working capital, get paid faster, and focus on growing your business with confidence.

Why Factoring With Us?

Same-Day Funding

  • Reliable Payment Through SIV Enterprises

    • Carriers receive Net 30 payment terms from SIV Enterprises on all freight invoices
    • Once SIV Enterprises receives payment from shippers, we process carrier payments promptly
    • Our commitment: carriers get paid when we get paid

    Flexible Factoring Partnership

    • Partner with Operation Finance, Inc. for additional cash flow acceleration (optional)
    • If you choose to factor with OperFi, advance up to 90% of invoice value within 24 hours
    • Avoid waiting 30+ days for customer payments with factoring option

    Trusted Financial Partner

    • OperFi is a leader in transportation finance
    • Full transparency on all factoring fees, terms, and conditions
    • Backed by trusted financial provider for peace of mind

    Easy Onboarding

    • Straightforward factoring application process
    • Quick due diligence check through OperFi
    • Carrier-friendly approach designed for small fleets and owner-operators

How Carrier Payments Work With SIV Enterprises

Standard Payment Process (No Factoring)

  1. Haul Loads & Submit Invoices
    • Deliver freight and send your paperwork electronically (email, app, or portal)
  2. SIV Receives Shipper Payment
    • Shippers pay SIV Enterprises within Net 30 days of invoice
  3. SIV Processes Carrier Payment
    • Upon receipt of shipper payment, SIV Enterprises processes your carrier invoice
  4. You Get Paid
    • Payment remitted to you via ACH, check, or wire transfer

Standard Payment Terms: Net 30 days from shipper invoice date

Payment Methods Available:

  • ACH transfer
  • Check
  • Wire transfer

Optional: Factoring With OperFi

If you need cash flow acceleration before the standard Net 30 cycle:

  1. Haul Loads & Submit Invoices
    • Deliver freight and submit your paperwork (email, app, or portal)
  2. Choose to Factor (Optional)
    • Contact SIV Enterprises to set up OperFi factoring arrangement
    • 30-day advance notice required to SIV Enterprises
  3. Receive Advance Immediately
    • OperFi provides up to 90% advance within 24 hours
    • Get cash flow when you need it most
  4. OperFi Collects from SIV
    • OperFi manages collection from SIV Enterprises
    • You receive remaining balance minus factoring fee

Factoring Terms (With OperFi):

  • Advance Rate: Up to 90%
  • Factoring Fee: Starting at 3%
  • Setup Fee: $150 (one-time)
  • Reserve Account: 7% escrow
  • Contract Term: 12 months (auto-renewal)
  • Minimum Monthly Volume: $0 (no volume requirements)

Key Facts at a Glance

Feature

Details

Advance Rate

Up to 90%

Reserve Account (Escrow)

7%

Factoring Fee

From 3%

Factoring Fee

From 3%

Setup Fee

$150

Purchase Limit

$60,000

Contract Term

12 Months (auto-renewal; see your agreement)

Quick Pay Fee

2%

Minimum Monthly Volume

$0

Repurchase Period

90 Days

Same-Day Funding

ACH, Wire, or Fuel Card options

Back-Office Support

Billing, collections, and dedicated support

Carrier Education/Resources

Templates, onboarding tools, and more

Important: Factoring Notification Requirements

If you choose to factor with OperFi or any factoring company:

SIV Enterprises requires 30 days advance written notice before factoring, selling, or assigning any payment rights.

Your factoring notice must include:

  • Complete legal name and address of the factoring company
  • Effective date of the factoring arrangement
  • Specific terms of the assignment (recourse or non-recourse)
  • Contact information: name, phone, email, and payment remittance address

Send factoring notice to: info@siventerprises.com

Important Rules:

  • You can maintain only ONE active factoring arrangement at a time
  • Do NOT assign the same invoices to multiple factoring companies
  • Multiple assignments will cause you to waive all payment rights
  • SIV Enterprises will have no obligation to pay on improperly factored invoices

Payment Routing Information

Standard Payments (No Factoring):
Payments from SIV Enterprises remitted directly to your designated account via ACH, check, or wire.

With OperFi Factoring:
Upon your factoring notice, SIV Enterprises remits payments to:

  • Company: Operation Finance, Inc. (OperFi)
  • Bank: Frost Bank
  • Account: 150038911
  • Routing: 114000093
  • Address: PO Box 227352, Dallas, TX 75222-7352

SIV Enterprises Payment Guarantees

We Stand Behind Our Carriers

  • If you are paid by SIV Enterprises, you have fulfilled your payment obligation
  • SIV Enterprises takes responsibility for shipper collections
  • Carrier payment is guaranteed regardless of shipper payment status

Carrier Payment Protection

  • If SIV Enterprises fails to pay you, you retain full legal rights to pursue collection
  • SIV Enterprises indemnifies carriers from shipper non-payment
  • Your recourse is against SIV Enterprises, not the shipper

24/7 Payment Support

  • Payment inquiries and issues resolved by our operations team
  • Direct contact for payment problems and claims

What Makes SIV Enterprises Stand Out?

Security & Reliability

  • Fully licensed and bonded property broker (MC# 1713662)
  • $75,000 BMC-84 Surety Bond protects your payments
  • $100,000 contingent cargo insurance per load, $1.5M annual aggregate
  • Steady shipper network with consistent load flow

Dedicated Carrier Support

  • 24/7 operations team available for payment questions
  • Carriers of all sizes receive personalized service
  • Account manager dedicated to your success
  • Quick resolution of payment issues

Transparent & Carrier-Friendly

  • Clear payment terms: Net 30 from shipper invoice date
  • All fees disclosed upfront
  • No surprise deductions or hidden charges
  • Direct relationship with SIV Enterprises

Strong Load Flow

  • 95% tender acceptance rate = consistent work availability
  • Access to shipper network across 48 states, Canada, and Mexico
  • Dedicated and spot load opportunities
  • Real-time tracking and load visibility

Who Benefits Most?

  • Owner-operators seeking reliable carrier payment
  • Small-to-mid size trucking fleets with multiple revenue streams
  • Carriers seeking predictable, transparent payment terms
  • Fleets wanting optional factoring flexibility

Ready to Become a SIV Enterprises Carrier Partner?

To apply for our carrier network or learn more about factoring options:

Contact SIV Enterprises:

Email: info@siventerprises.com

Mailing Address:
SIV Enterprises LLC
2211 Timberline Dr
Fort Worth, TX 76119

Phone: Available upon request

Hours: 24/7 Support Available

Next Steps:

  1. Contact our operations team with any factoring or payment questions
  2. Review our Broker-Carrier Agreement for complete terms
  3. Provide 30 days advance notice before factoring with OperFi
  4. Submit required documentation for carrier onboarding

Partnered with Operation Finance, Inc. for flexible factoring options.

Experience reliable carrier payments, strong load flow, and transparent partnership designed for real carriers.

Legal: Factoring arrangements, credit reference letters, and payment services are managed through OperFi when you elect factoring. Standard carrier payments from SIV Enterprises are independent of factoring decisions. See your Broker-Carrier Agreement for complete details regarding payment terms, factoring notification requirements, and all applicable terms and conditions.