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HMD Financial logo

HMD Financial

Listed
Factoring company for invoice factoring and working capital loansChicago Ridge, IllinoisBased in Illinois; service area not yet provided
BBLL 000433Listed Nov 2026From public recordsLast checked Nov 1, 2026
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About

HMD Financial provides recourse freight factoring for owner-operators, carriers and freight brokers, including new companies. It publishes selective invoice funding, flat factoring rates and explicit repayment responsibility for uncollected invoices.

Factoring company. Buys or advances against business invoices.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

Invoice factoringWorking capital loans
General small business
From the lender's own site and public records.

A second look at HMD Financial

HMD Financial provides recourse freight factoring for owner-operators, carriers and freight brokers, including new companies. It publishes selective invoice funding, flat factoring rates and explicit repayment responsibility for uncollected invoices.

Direct recourse freight invoice factor within HMD Enterprises.

Published by Levr, not by HMD Financial. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked November 1, 2026.

Visit the official provider website →

Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

Freight factoring and startup support

Advance and recourse
Advertises advances up to 99%; clients share nonpayment risk and must buy back invoices HMD cannot collect.
Volume and pricing
No monthly minimum; clients can select brokers to factor; HMD states it offers flat rates rather than time-tiered rates and does not check client credit.
Payment methods
ACH is free with funds expected within 24 hours after verification; same-day wires incur a stated $25 or 1% bank fee, which requires clarification.
Startup path
RoadReady provides guidance obtaining operating authority, then freight factoring and continuing support; homepage also confirms brand-new companies are accepted.

Provider sources: Factoring terms and FAQ · RoadReady startup program

When it may fit

Our assessment of the published programs

  • Consider for a new or established transportation business comfortable with recourse and seeking selective freight invoice funding.

What to weigh carefully

  • Repurchase obligations remain even though funding is described as an invoice sale.
  • The wire fee wording does not specify how the $25 or 1% alternative is chosen; obtain the exact schedule.
  • Customer approval, verified rate confirmation/POD and prior-factor contract resolution precede funding.

Questions before you accept an offer

  1. What flat factoring rate and wire fee apply to my account?
  2. At what age or event must an unpaid invoice be repurchased?
  3. Which brokers qualify and what release or buyout is needed from my current factor?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

RTS Financial

Compare RTS Financial for freight factoring and carrier services.

Riviera Finance

Compare Riviera Finance for freight invoice purchase and nonpayment-risk structure.

The lender

Type
Factoring company
Legal name
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Founded
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Charter
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Headquarters
Chicago Ridge, Illinois
Service area
Based in Illinois; service area not yet provided
Meets in person
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Languages
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Program approvals
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Also lends to consumers
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Website
hmdfinancial.com
LinkedIn
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Loan officers at this lender

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