HMD Financial
10031 Virginia Ave, Chicago Ridge, IL 60415
Primary product: Freight factoring
About HMD Financial
HMD Financial is a recourse freight factoring company in Chicago Ridge, Illinois, set up by the family behind HMD Trucking, which started hauling in 1998. It works with owner-operators, small carriers and freight brokers, advancing up to 99% with same-day payouts. There is no monthly minimum and no setup fee, carriers pick which customers to factor, and invoices go in through a client portal or mobile app. A start-up program helps new carriers get their authority, and a fuel and maintenance discount program is offered.
Financial Products
- Freight factoring
- Recourse factoring
- Spot (single-invoice) factoring
- Minimum credit facility
- Contact for details
- Maximum credit facility
- Contact for details
Industries Served
Featured Services
- No minimum fees
- No startup fees
- Single-invoice factoring
- Same-day funding
- Online portal
- Mobile app
- Startups welcome
Standard Terms
| Startup fee | NoneSource, checked 2026-11-05 |
|---|---|
| Contract term | Contact for details |
| Advance rates | Up to 99%Source, checked 2026-11-05 |
| Factoring fee | Contact for pricing |
| Minimum volume fees | NoneSource, checked 2026-11-05 |
| Additional fees | Contact for pricing |
| Reserves | Contact for details |
| Recourse | Recourse onlySource, checked 2026-11-05 |
| Funding speed | Same daySource, checked 2026-11-05 |
* Actual terms may vary. Your quote is set by the company for your volume and customers.