Haul Loads, Not Debt: Introducing ISD Pay

If you broker trucks, or have spent any time working in the trucking industry, you’ve likely heard of factoring. Factoring companies typically give businesses cash in exchange for outstanding invoices. Historically, trucking companies or brokers use factoring companies to ease cash flow, with fast approvals and access to more immediate cash. Up to now, that has often been a preferred approach to trying to secure a bank loan or line of credit, which can take longer and requires a rigorous review process. 

But like every smart business, you need to beware the pitfalls when evaluating different financing solutions. Not all solutions are the same. And whether you’re evaluating a factoring company or a traditional bank loan, there are important considerations for the long term impact on your business.

The cost of cash

Consider these important questions when evaluating a financing option:

• How much will it cost? 
• How fast will I get access to funds?
• Does it require collateral?
• What paperwork is required?
• Who is responsible for collections?
• What is my risk?

Access to fast cash can be difficult for new brokers without established credit. It can also be hard if you work with customers who don’t have the best credit. Factoring companies also typically cover about 80% of your receivables, making it an incomplete solution even with faster access to funds.

Introducing ISD Pay

After years of working with dump truck brokers and providing a technology solution that helps them run their business with less administrative burden, Iron Sheepdog has created a new alternative to factoring companies or traditional bank loans for its brokers.

ISD Pay is a flexible financing solution built directly into the Iron Sheepdog platform. Unlike traditional options, ISD Pay isn’t just about working capital; it's a tool that helps you manage and grow your entire business. With ISD Pay, brokers can extend payment terms with contractors for 30 days or more, giving more control over cash flow, while still getting haulers paid fast, with options for payment in as little as 24 hours.

ISD Pay is not a loan; it’s working capital that covers 100% of your receivables (verses up to 80% from factoring companies), making possible to take on larger jobs and scale your business without the stress and limitations of traditional financing. 

Want to learn more about how Iron Sheepdog helps brokers with our complete business solution?

Here are some important ways that ISD Pay is different from other financing options:

1. Cost and Risk - Factoring may carry hidden fees of interest and the risk ultimately falls to the broker if customers don’t pay. ISD Pay is not a separate entity. Our program is built into the platform making it a seamless experience for brokers and accelerates payments to all parties. 
2. Flexibility - ISD Pay allows brokers to extend payment terms up to 60 days, but ensures that haulers have near immediate access to their approved earnings. 
3. Growth - Factoring companies help with short term cash flow, while ISD Pay is designed to be a source of working capital that, combined with all the tools of the Iron SHeepdog technology platform, helps brokers take on larger projects and grow their business. 

With ISD Pay, Iron Sheepdog is redefining what financial flexibility looks like for dump truck brokers. It’s more than just a funding solution; it’s a smarter, more connected way to manage your business, build stronger relationships and take on bigger opportunities with confidence. Haul more loads, stress less about cash flow, and grow with a partner that’s built for the way you work.

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