BasicBlock Factoring with Uber Freight
1.5% Rate*
Try our introductory 1.5% rate for your first 60 days. Details and terms below*
1-Hour Pay
Average payment speed when you opt for Same Day Payment (fees apply). Standard payment is within 24 hours. Details below**
4K+ Brokers
Thousands of approved brokers and adding more every week
Non-Recourse
Protection for you and your funds if an approved broker fails or goes out of business
BasicBlock is proud to offer hassle-free factoring to carriers on the Uber Freight platform on your Uber Freight and non-Uber Freight loads. Say goodbye to long term contracts, hidden fees, and endless waiting. Get ready to experience fast, reliable cash flow.
After the introductory rate period ends, 2.5% will be the rate for most carriers and the rate may be different based on carrier volume. To learn more about rates and payment speeds see the FAQ section below
BasicBlock Factoring with Uber Freight goes above and beyond traditional factoring companies
| BasicBlock Factoring with Uber Freight | |
| RATE | 1.5% for 60 days, then 2.5%* |
| CONTRACT TERMS | No term |
| FEES | No hidden fees |
| SUPPORT | Immediate-direct lines to your account rep. |
| SPEED | Less than 24 hours** & 5-10 min broker checks |
| TECH | Easy to use mobile app and website |
| WHAT HAPPENS IF A BROKER DOESN’T PAY? | Non-recourse |
| MINIMUMS | None- factor only the loads you want |
| PAYMENT SUBMISSION DEADLINE | 2PM CST |
| RESERVES | None |
Those featured are actual drivers who have been compensated for their testimonial. Opinions expressed are those of the speaker. Results may vary depending on individual use of the BasicBlock.
For more information on 1.5% introductory rate* and payment speeds**, please see the FAQ section below.
“I switched over from my old factoring service because the rates are super competitive with BasicBlock and Uber. So far I haven’t had any issues and the application, to get paid, is seamless and very straightforward. One of my best business moves of 2025! -Luther Anderson, LUTHER HENDERSON DBA BIG WOOD EXPRESS
“If you are in the business and thinking about moving, don’t think anymore because they are a super great company to deal with” – A & J EXPRESS TRANSPORTATION LLC
Ready To Get Started?
Typically we’ll give you a call within 30 minutes after filling out this form during business hours.
Business hours are Mon-Fri (8am-5pm CST), after hours and Federally observed holidays could differ.
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Frequently Asked Questions
What is factoring?
Factoring is a financial service where a carrier sells its unpaid invoices to a factoring company at a discount, in exchange for quicker payment. Instead of carriers waiting 30-45 days for payment we buy their unpaid open invoices (loads) and take a small % to pay them within 1 business day (or quicker). In addition to quicker payment we handle the invoicing and collections allowing you to focus solely on your business.
Recourse vs non-recourse
Non-recourse = if an approved broker goes out of business (declares bankruptcy) we do not charge back the invoices we previously purchased.
Recourse = opposite, usually a set time (i.e. any load not paid back within 60 days for whatever reason gets charged back to you).
Will you work with any brokers?
Being non-recourse, BasicBlock cannot work with all brokers but there are over 4K approved reputable brokers in our database. Debtors are monitored daily and you can check credit on an unknown broker and receive a status update within a few minutes after request. If a brokerage has been in business for over 1 year and has a history of strong repayment reported they are likely already approved!
*How long does the 1.5% introductory rate last for?
The introductory rate is valid for 60 days from the funding of the first invoice. 60 days following the first funding at 1.5% the rate will likely increase to 2.5% for all invoices thereafter. In some instances, a carrier may be eligible for a lower factoring rate than 2.5% and in some instances the rate may be higher than 2.5%, subject to volume and underwriting criteria.
**How quickly will the money be in my account?
BasicBlock has document submission cutoff times (2pm CST) to receive a payment transaction the same business day (Monday-Friday). BasicBlock cannot and does not guarantee any specific time in which ACH transactions initiated through your BasicBlock Account will be completed.
Same Day Payment is available for a fee (see fee schedule in FAQ below). If a rate confirmation and supporting documents (POD + any other requirements for brokerage approval) are submitted and approved prior to 2pm CST, funds will be available by 4pm CST.
Anytime Payment / Instant Funding / 24/7 Funding is available for certain loads, provided the load is pre-approved. BasicBlock utilizes the RTP Network to issue Anytime, Instant, or 24/7 Payments. Real-Time Payments (RTP) are account-to-account transactions that clear and settle near instantaneously via the RTP® Network.
BasicBlock utilizes the RTP Network to issue Same Day Payments. Real-Time Payments (RTP) are account-to-account transactions that clear and settle near instantaneously via the RTP® Network. The RTP Network is owned and operated by The Clearing House.
Can I have more than one factoring company?
No, legally you cannot. BasicBlock is happy to help make sure any transition to BasicBlock factoring with Uber Freight is as seamless as possible. Please contact our team if you have questions – (402) 242-3123
How does the buyout process work?
BasicBlock will review your factoring agreement to determine what buyout options and timeline, if any, exist. Please send your current factoring agreement to uftransition@basicblock.io. As your termination date approaches BasicBlock will request a list of all open receivables to review and if all accounts receivable passes our underwriting criteria BasicBlock will move forward with a buyout. Both a buyout agreement with current factoring company & new factoring agreement from BasicBlock factoring with Uber Freight will need to be signed. This process will typically take 1-2 business days to complete.
Do I have to factor all loads?
No, it’s up to you to decide which brokers they want to factor their loads.
How do I get started?
Fill out the application and BasicBlock will give you a call. Typically within 30 minutes if submitted during business hours (M-F 8-5 CST)
Fees
Next day ACH = Free
Same Day Payment (via Push to Debit or RTP) = $5
Fuel Advance (50% of load value, max $1500) = $20
Anytime Payment (24/7/365 payment) *load must be pre approved = $30
Wire = $30
Other Questions? Contact Us
Have other questions or need support? Reach out to us at ufsupport@basicblock.io or 402.242.3123. We’re here to help.
Disclaimers:
*The introductory rate is valid for 60 days from the funding of the first invoice. 60 days following the first funding at 1.5% the rate will likely increase to 2.5% for all invoices thereafter. In some instances, a carrier may be eligible for a lower factoring rate than 2.5% and in some instances the rate may be higher than 2.5%, subject to volume and underwriting criteria.
**If BasicBlock receives your rate confirmation and “pre approves” the load prior to delivery, you may be eligible to receive payment 24/7
Uber Freight acts solely as a referral partner to BasicBlock Inc. and is not involved in the provision of any factoring services offered. Uber Freight does not assume responsibility for any business transactions, outcomes, or any other aspect of the business relationship between BasicBlock Inc. and its clients. All inquiries and matters pertaining to factoring services provided by BasicBlock Inc. should be directed to ufsupport@basicblock.io. Next Day ACH payments are free. BasicBlock has established cutoff times (2pm CST) for receipt of payment instructions and you understand that BasicBlock cannot and does not guarantee any specific time in which ACH transactions initiated through your BasicBlock Account will be completed. Same Day Payment is available for $5. If submitted and approved prior to 2pm CST, funds will be available by 4pm CST. BasicBlock utilizes the RTP Network to issue Same Day Payments. Real-Time Payments (RTP) are account-to-account transactions that clear and settle near instantaneously via the RTP® Network. The RTP Network is owned and operated by The Clearing House. Anytime Payment / Instant Funding / 24/7 Funding is available for $30, provided the load is pre-approved. BasicBlock utilizes the RTP Network to issue Anytime, Instant, or 24/7 Payments. Real-Time Payments (RTP) are account-to-account transactions that clear and settle near instantaneously via the RTP® Network. The RTP Network is owned and operated by The Clearing House. Non-recourse factoring means that BasicBlock covers any losses due to broker insolvency. No Contracts means no defined contract term. As long as there is no open balance on your account BasicBlock will provide LOR & UCC3. If there is an open balance, you can purchase any open receivables to close your account or have another factoring company do so.
The use of BasicBlock Inc.’s services is subject to our terms and conditions. Please contact our support team at ufsupport@basicblock.io if you have any questions.