Best Factoring Companies for Trucking

We started funding the transportation industry in 1999, and it is still at the heart of what we do. Since then, we have funded over $1 billion for trucking companies, owner-operators, and freight brokers across the country. We know the cash flow pressures you are dealing with, whether you are waiting 30, 60, or 90 days on a shipper or trying to cover fuel and payroll between loads.

Not every factoring company is built for trucking. Some serve dozens of industries and give freight clients the same generic treatment as everyone else. Others focus on transportation, but make it hard to get a straight answer on rates or lock you into contracts that do not fit how your business actually runs. We built our trucking factoring program around what carriers actually need: fast funding, low rates, fuel cards, and a team that understands the industry.

This guide covers six factoring companies serving trucking businesses across the United States, with a detailed breakdown of rates, factoring types, funding limits, and key strengths.

What to Look for in a Trucking Factoring Company

Before you compare providers, it helps to know what actually separates a strong trucking factoring partner from an average one. These four criteria matter most.

• Funding Speed: Same-day or next-day funding is standard among established providers. After your initial setup, approved invoices should be funded within hours. If a factoring company cannot commit to a clear funding timeline upfront, that is worth noting before you sign anything.
• Recourse vs. Non-Recourse: With recourse factoring, your business is liable if a broker or shipper fails to pay. With non-recourse factoring, the factor absorbs that risk when a debtor becomes insolvent. Non-recourse typically carries a slightly higher rate, but for carriers working with a broad range of brokers, that protection is often worth it.
• Fuel Cards and Back-Office Support: The best freight factoring companies go beyond just funding your invoices. Fuel card programs with per-gallon discounts, broker credit checks, and collections support take real operational weight off your plate, especially if you do not have back-office staff handling those tasks.
• Contract Flexibility: Some providers require you to factor all invoices for a given customer or hit a monthly minimum volume. Others work on a spot basis with no commitments. If your freight volume fluctuates, flexible or contract-free terms give you the freedom to factor only when you need to.

How We Evaluated the Best Trucking Factoring Companies

Not every factoring company is built for trucking. To put this comparison together, we looked at the factors that matter most to carriers, owner-operators, fleets, and freight brokers: funding speed, contract flexibility, recourse options, fuel programs, customer support, and transportation industry experience.

We also considered whether each provider offers trucking-specific support such as broker credit checks, collections management, fuel discounts, and same-day funding.

All six companies included in this guide actively work with trucking businesses across the United States.

Disclaimer: Rates, features, and contract terms for all providers listed below are subject to change. We recommend verifying current details directly with each company before making a decision.

The Best Factoring Companies for Trucking: A Side-by-Side Comparison

The six providers below represent the strongest options currently serving the trucking industry in the United States. The providers below are all established factoring companies serving the trucking industry, with different strengths depending on the size and needs of your operation.

1. Viva Capital
Best For	Trucking companies, owner-operators, fleets, and freight brokers across the United States
Factoring Type	Recourse and non-recourse options available
Rates	Starting at 0.75 percent for qualifying clients: contact us for a custom quote
Funding Limit	No published cap: over $1 billion funded in transportation to date
Industries	Trucking, transportation, freight brokerage
Pros	•  Over $1 billion funded in the transportation industry since 1999 •  Rates starting at 0.75 percent with no hidden fees •  Same-day funding available on approved invoices •  No long-term contracts and no minimum volume requirements •  Fuel cards at 1,000-plus locations with average savings of 50 cents per gallon •  Bilingual account management and dedicated billing and collections team
Cons	•  Rates are not published online: a direct quote is required to see your specific rate. Unlike several competitors on this list, there is no self-serve rate calculator or published range to benchmark against before making contact.

If you want to compare rates or see what factoring could look like for your business, request a free quote from our team. We will walk you through the numbers and answer any questions before you commit to anything.

2. Triumph Business Capital
Best For	Owner-operators, fleet owners, and freight brokers in the trucking industry
Factoring Type	Recourse and non-recourse available
Rates	1 percent to 4 percent per 30 days
Funding Limit	Up to $20 million
Industries	Trucking and freight only
Pros	•  Trucking-exclusive with deep industry knowledge •  Fuel discount card program available •  Equipment financing and trucking insurance also available •  Advance rates of 85 to 95 percent, above the industry average
Cons	•  Early termination fee applies: review contract terms carefully before signing  •  Rates reach up to 4 percent per 30 days, which may be higher than alternatives for carriers with strong volume and credit

Triumph Business Capital focuses exclusively on trucking, which means their team understands the freight cycle, broker relationships, and the specific cash flow pressures carriers face. Their published rate range of 1 to 4 percent is one of the few transparent pricing disclosures among trucking-focused factors, which makes initial comparisons easier. However, carriers should review the contract carefully before signing, as early termination fees apply.

3. RTS Financial
Best For	Trucking companies needing strong fuel savings and same-day funding
Factoring Type	Non-recourse available
Rates	Not publicly disclosed
Funding Limit	Not publicly disclosed
Industries	Trucking, logistics, oil and gas, agriculture
Pros	•  Same-day funding on approved invoices •  Fuel discount card program at 3,500-plus locations nationwide •  Trucking insurance available through affiliated services
Cons	•  Rates and advance rates are not published online: requires direct contact for a quote •  No online application process, which adds steps compared to providers with a digital setup

RTS Financial, part of the Shamrock Trading Corporation family, has a long operating history in trucking and logistics. Their fuel card program and international factoring reach are standout features for carriers running high fuel costs or operating across borders. Pricing and onboarding both require direct contact, so plan for a longer setup process compared to providers with a fully digital application.

4. OTR Solutions
Best For	Owner-operators and carriers looking for a fully integrated back-office ecosystem
Factoring Type	True non-recourse factoring
Rates	Not publicly disclosed
Funding Limit	Not publicly disclosed
Industries	Owner-operators, fleets, freight brokers
Pros	•  True non-recourse factoring with no chargebacks on approved brokers •  Instant funding available 24 hours a day, 7 days a week •  Fuel card with average savings of 50 cents per gallon at 8,000-plus locations •  Mobile app and client portal for real-time invoice and payment tracking
Cons	•  Cash advances per load are capped at $3,000, which may be limiting for carriers with higher-value freight •  Non-recourse protection applies only to brokers pre-approved within their network

OTR Solutions has built a connected ecosystem around trucking factoring, with their fuel card, mobile app, and back-office tools integrated into a single platform. Their true non-recourse factoring is a genuine differentiator, with no chargeback risk as long as you are working within their approved broker network. For owner-operators who want one platform to manage funding, fuel, and payments, OTR is worth evaluating. Keep in mind that per-load cash advances are capped at $3,000, which may not suit carriers hauling higher-value freight.

5. Apex Capital
Best For	Trucking companies and owner-operators looking for an experienced industry-focused partner
Factoring Type	Non-recourse available
Rates	Not publicly disclosed
Funding Limit	Not publicly disclosed
Industries	Trucking and transportation
Pros	•  Trucking-exclusive with 30-plus years of industry experience •  No long-term contracts and no termination fees •  No minimum volume requirements  •  24/7 funding via the Blynk digital payment system, including nights, weekends, and bank holidays •  Fuel card program at 1,500-plus locations with no transaction fees at in-network stops
Cons	•  Rates and advance rates are not published online: requires direct contact for a quote •  Limited to trucking and transportation, so businesses operating across multiple industries would need a separate factoring relationship for non-freight invoices

Apex Capital has a solid track record in the trucking space. Their focus on transportation means the team understands freight industry dynamics well, and their fuel programs add real day-to-day value for carriers watching their operating costs. No long-term contracts and no termination fees make them a lower-risk starting point for carriers testing factoring for the first time. Like most trucking-specific factors, pricing requires a direct conversation to get exact figures.

6. eCapital
Best For	Fleets and larger trucking operations that need high funding capacity and multiple financing options
Factoring Type	Recourse and non-recourse available
Rates	Not publicly disclosed
Funding Limit	Not publicly disclosed
Industries	Transportation, staffing, manufacturing, distribution
Pros	•  High funding limit up to $30 million, suitable for larger fleets •  Offers multiple financing products, including asset-based lending and equipment financing •  Same-day funding available
Cons	•  Rates and full contract terms are not available online: requires direct contact •  Pricing information is not available online

eCapital’s strength is funding capacity and product range. For trucking operations that have outgrown smaller factors or need financing beyond invoice factoring, their $30 million limit and multi-product platform give you room to scale. They serve multiple industries, so they are less trucking-specific than some others on this list, but for fleet operators with more complex financing needs, that breadth can be an advantage.

What Trucking Factoring Rates Typically Look Like

Most trucking factoring companies charge between 1 percent and 5 percent of the invoice amount, depending on factors such as invoice volume, customer credit quality, and whether the agreement is recourse or non-recourse.

In many cases, carriers with steady freight volume and strong broker relationships qualify for lower rates over time. Newer trucking companies or businesses working with a wider range of brokers may pay more until they establish a consistent payment history.

It is also important to look beyond the advertised rate. Some providers charge additional fees for same-day funding, transfers, fuel advances, monthly minimums, or early termination. Others bundle more services into the base rate, including collections support, broker credit checks, and fuel discount programs.

When comparing factoring companies, the goal should not just be finding the lowest rate. It is understanding the full cost structure, the level of support included, and how well the provider fits the way your operation runs.

How to Choose the Right Trucking Factoring Company for Your Business

The right provider depends on where you are in your business and what you need most from a factoring partner.

• If you are an owner-operator: Same-day funding and a fuel card program will have the biggest day-to-day impact. You are managing cash flow on tight margins, and every gallon saved and every hour you get paid faster adds up. Look for a provider that does not require you to factor all your invoices, so you have the flexibility to use factoring when you need it and hold off when you do not.
• If you run a fleet: Funding capacity and back-office support matter more. A provider that handles collections, monitors broker creditworthiness, and can fund a high volume of invoices simultaneously takes meaningful operational load off your team. In that case, funding limit and advance rate become the most important variables to compare.
• If you operate as a freight broker: Your factoring needs differ from carriers’. You are funding invoices owed by shippers, not brokers, and the credit risk profile is different. Make sure the factoring company you choose understands broker factoring specifically and has experience verifying shipper creditworthiness.

Regardless of which profile fits your business, the factors that matter most across the board are transparent pricing, clear contract terms, and a support team that is reachable when something goes wrong. To see what trucking factoring looks like with Viva and get a custom rate for your business, request a free quote from our team.

Factoring News and Insights

The articles below cover key decisions and warning signs that come up when trucking businesses are evaluating a factoring partner. Use them alongside this comparison to make a more informed choice.

Transportation and Trucking:

• How Trucking and Freight Factoring Works: A step-by-step breakdown of how the factoring process works for carriers, owner-operators, and freight brokers.
• Fuel Cards for Trucking: What You Need to Know: Covers how fuel card programs work, where you can use them, and what kind of per-gallon savings to expect.
• Transportation Invoice Factoring: Viva’s dedicated trucking factoring page, including advance rates, recourse options, and how to get started.
• Fuel Cards and Advances: Details on Viva’s fuel card network, advance program, and how it integrates with your factoring account.

Factoring Basics and Agreement Guidance:

• Factoring Basics: How It Works: A straightforward overview of invoice factoring for businesses, comparing it against other financing options for the first time.
• Understanding a Factoring Agreement: Breaks down the key terms, fees, and provisions in a factoring contract, including termination clauses, recourse obligations, and volume minimums.
• Pros and Cons of Using a Factoring Company: Helps readers weigh the trade-offs before committing to a factoring agreement.
• What Is a Notice of Assignment?: Explains what an NOA is, why factoring companies require it, and what it means for your customer relationships.
• How to Get Started with Invoice Factoring: A practical next step for readers who have compared providers and are ready to move forward.
• Factor Rate vs Interest Rate: What Is the Difference?: Clarifies the terminology difference, useful for readers evaluating rate disclosures across providers.

FAQs About the Best Factoring Companies for Trucking