How FreightZap scaled without giving up control
Broker Factoring from Truckstop Financial kept cash flowing leading to growth without giving up equity
“Bigger is not always better. Banks have onerous terms at times, and investors can change your strategy. If you want to control your destiny, Broker Factoring from Truckstop Financial is a great option.”
– Roderick Hedner, Partner and Board Member, FreightZap
Founded in 2019 in Bartlett, Illinois, FreightZap has grown into a freight brokerage known for its focus on specific markets and modes. The company keeps its team lean, with fewer than 15 employees, and leans on close relationships with customers, carriers, and trade partners to compete against larger brokerages.
Roderick Hedner joined FreightZap in 2023, bringing 22 years of transportation and supply chain experience to lead sales, marketing, strategy, and administration. He was drawn to the company’s mission of treating clients as partners rather than transactions.
That mission ran into a real cash flow problem as FreightZap scaled. Growing a brokerage means covering costs long before customers pay their invoices, and FreightZap needed a way to stay liquid without answering to a bank or an investor.
Both options came with tradeoffs the company wasn’t willing to make, so it turned to factoring instead. FreightZap needed a partner that worked with its existing technology stack. That search led the company to Broker Factoring from Truckstop Financial.
Faster decisions freed up time for relationships
Working with Truckstop Financial gave FreightZap’s team room to focus on clients instead of back-office paperwork. The platform’s dashboard and analytics have helped FreightZap post a 15 percent increase in operational efficiency, and in a business where deals move in minutes, that speed can decide whether an opportunity gets won or lost. “The way you’ve streamlined our processes is remarkable,” said Roderick.
The time saved goes beyond hours in the day. That extra time gives FreightZap more room for business development and for building relationships with carriers, customers, and trade partners.
We’ve experienced a significant reduction in administrative overhead, and our team can now focus on what truly matters, building relationships and providing excellent service.”
Cash flow gave FreightZap room to grow on its own terms
Maintaining liquidity is vital for a growing brokerage. Broker Factoring from Truckstop Financial has helped FreightZap manage its cash flow more effectively, giving the company the resources to seize new opportunities and invest in growth.
Unlike bank loans with onerous terms at times, freight factoring with Truckstop Financial enabled FreightZap to choose which invoices to factor. With fast funding, FreightZap had the cash to invest as they saw fit.
It comforts us that we can go outside the box with customers, solutions, and terms and have a financing partner to support execution.”
This flexibility matters because FreightZap has chosen to grow without outside investor funding, relying instead on its own revenue and factoring to fund that growth.
Support that kept pace with a growing brokerage
Ongoing technology upgrades and responsive support have both played a part in FreightZap’s decision to stick with Truckstop Financial. Integrating with FreightZap’s other systems through APIs has boosted data accuracy and real-time communication, giving the brokerage a real edge on competitors.
Whenever we’ve encountered challenges or had specific needs, your responsive team has always been there to assist,” said Roderick.
That kind of support let FreightZap stay focused on its core business instead of troubleshooting.
Independence and cash flow can coexist
For FreightZap, factoring turned out to be the tool that let the company grow without giving up its independence. Broker Factoring from Truckstop Financial gave the brokerage the cash flow to seize opportunities and the flexibility to keep running the business on its own terms.
Brokerages weighing the same tradeoff between outside funding and staying independent can see what Broker Factoring from Truckstop Financial offers.
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