HMD could suit a new authority or a carrier whose invoice volume changes from month to month. Its practical appeal is choosing brokers to factor, a free ACH option and help getting a new operation started. The tradeoff is recourse: checking a broker does not remove your repayment obligation if an invoice goes unpaid. Compare the net deposit, transfer timing and written exit terms before deciding whether the arrangement fits your cash flow.
Paperwork from your phone
Upload your rate confirmation and proof of delivery through the app.
Choose your brokers
Decide which brokers you want to factor with HMD.
Same-day wire funding
Get a same-day wire once approved, with a bank transfer fee.
Updated 2026-09-08
What stands out
A closer look at HMD Financial
Getting paid
Choose the transfer method around when you need the cash. Get a sample deposit timeline and ask what happens if a broker disputes or does not pay the invoice.
Supporting details
Advertises advances up to 99%. Confirm your net payout and any retained balance. Source ↗
No ACH charge; expected arrival within 24 hours after verification. Confirm business-day timing and cutoff. Source ↗
Same-day wire advertised; FAQ lists a $25 or 1% bank fee. Ask which applies and how it is calculated. Source ↗
Upload the rate confirmation and proof of delivery through the app or client portal. Source ↗
Recourse factoring: the carrier must repurchase invoices HMD cannot collect. Get the repayment triggers in writing. Source ↗
At a glance
Who it serves
US freight carriers, including owner-operators, local operations and new authorities. Customer approval is required.More details
Pricing basis
Flat factoring rates quoted by volume, equipment and operation. The FAQ lists signup as free.More details
Agreement and exit
A contract is required. Length, renewal, cancellation charges and release deadlines are not published in the reviewed FAQ.More details
Unpaid invoices
Recourse factoring: the carrier must repurchase invoices HMD cannot collect. Get the repayment triggers in writing.More details
Costs, plans & capabilities
Recourse freight factoring
Flat factoring rates quoted by volume, equipment and operation. The FAQ lists signup as free.
Advertises advances up to 99%. Confirm your net payout and any retained balance.
Recourse factoring: the carrier must repurchase invoices HMD cannot collect. Get the repayment triggers in writing.
No ACH charge; expected arrival within 24 hours after verification. Confirm business-day timing and cutoff.
Same-day wire advertised; FAQ lists a $25 or 1% bank fee. Ask which applies and how it is calculated.
No minimum monthly factoring amount is stated in the FAQ.
RoadReady startup program
Guidance for obtaining operating authority, followed by factoring and ongoing support. Confirm program scope, costs and eligibility.
Sign an agreement and submit customers for approval before funding. Setup speed depends on completed paperwork.
Free broker/shipper credit checks. HMD says it accepts customers rated B or higher and does not check client credit.
Optional fuel and maintenance program
Factoring clients can be referred to a fuel partner for tailored fuel and maintenance discounts. Request participating locations and terms.
Plan details
Who it serves
US freight carriers, including owner-operators, local operations and new authorities. Customer approval is required. Source ↗Checked 2026-09-08
Pricing basis
Flat factoring rates quoted by volume, equipment and operation. The FAQ lists signup as free. Source ↗Checked 2026-09-08
Invoice advance
Advertises advances up to 99%. Confirm your net payout and any retained balance. Source ↗Checked 2026-09-08
Unpaid invoices
Recourse factoring: the carrier must repurchase invoices HMD cannot collect. Get the repayment triggers in writing. Source ↗Checked 2026-09-08
ACH payments
No ACH charge; expected arrival within 24 hours after verification. Confirm business-day timing and cutoff. Source ↗Checked 2026-09-08
Wire payments
Same-day wire advertised; FAQ lists a $25 or 1% bank fee. Ask which applies and how it is calculated. Source ↗Checked 2026-09-08
Load paperwork
Upload the rate confirmation and proof of delivery through the app or client portal. Source ↗Checked 2026-09-08
Getting started
Sign an agreement and submit customers for approval before funding. Setup speed depends on completed paperwork. Source ↗Checked 2026-09-08
Broker checks
Free broker/shipper credit checks. HMD says it accepts customers rated B or higher and does not check client credit. Source ↗Checked 2026-09-08
Monthly volume
No minimum monthly factoring amount is stated in the FAQ. Source ↗Checked 2026-09-08
Choosing customers
The FAQ permits choosing which brokers to factor. Confirm how invoices from each selected broker must be handled. Source ↗Checked 2026-09-08
Agreement and exit
A contract is required. Length, renewal, cancellation charges and release deadlines are not published in the reviewed FAQ. Source ↗Checked 2026-09-08
Changing factors
HMD requires the existing contract to conclude; a buyout may be possible depending on outstanding invoices. Source ↗Checked 2026-09-08
Account assistance
Dedicated client teams advertised. Phone: 708-998-5706. Staffed hours and response commitments are not published. Source ↗Checked 2026-09-08
RoadReady startup support
Guidance for obtaining operating authority, followed by factoring and ongoing support. Confirm program scope, costs and eligibility. Source ↗Checked 2026-09-08
Fuel and maintenance program
Factoring clients can be referred to a fuel partner for tailored fuel and maintenance discounts. Request participating locations and terms. Source ↗Checked 2026-09-08
Finding work
Offers a broker list and dispatch-company introductions; the FAQ says there is no associated load board or direct dispatch service. Source ↗Checked 2026-09-08
Amazon Relay invoices
The FAQ says Amazon Relay invoices are accepted, with potentially longer factoring-company recognition. Confirm setup before relying on funding. Source ↗Checked 2026-09-08
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REPORTED COSTS
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