Top 10 Best Freight Factoring Companies for Trucking
Running a trucking company in 2025 means dealing with tight margins, delayed payments, and ever-rising costs. That’s why more carriers and freight brokers are turning to freight factoring - a financial service that turns unpaid invoices into same-day cash.
Finding the right freight factoring partner can be frustrating. Some companies look great on paper with a low fee, until you’re locked into a long contract you didn’t expect. Others promise fast funding but end up delaying payments or turning down loads without much explanation.
We’re here to help you sort through the noise and find a partner you can count on. Here’s a real-world look at the best-rated factoring companies in the trucking industry, carefully ranked and explained.
RTS Financial
RTS continues to rank as one of North America's best freight factoring companies. With over 25 years in the industry, it is renowned for its high advance rates, flat-rate pricing, and integrated fuel card discounts. This company is a great solution for carriers who want steady cash flow and cost savings.
According to recent RTS factoring reviews, most users receive same-day funding with minimal paperwork. Their RTS Pro app offers real-time funding notifications, giving carriers complete visibility.
Porter Freight Funding, LLC
If you’re new to the industry, Porter Freight stands out as one of the best factoring companies for brokers and carriers just starting out. It offers a smooth onboarding experience and dedicated support tailored to the needs of small carriers. Their full-service back-office solutions further enhance efficiency and add lasting value.
What makes them so appealing is their approach. Clients have dedicated reps, same-day invoice approvals, and simple contracts without hidden traps. Porter Freight Funding reviews reflect a strong reputation for transparency and hands-on assistance. It's a great fit for hotshot drivers, box truck operations, and freight brokers building a new book of business.
OTR Solutions
Formerly known as OTR Capital, OTR Solutions has become one of the top freight factoring companies for trucking businesses focused on speed and digital efficiency. Their free client portal makes invoice tracking easy, while their Quick Pay app sends instant funding alerts. With built-in credit checks for brokers, carriers can book loads confidently and get paid fast.
OTR Solutions gets great reviews for its easy-to-use technology. Their tools help cut delays and save time, making them a solid choice for carriers moving multiple loads each week.
Apex Capital
Apex has been in the game for decades and remains one of the top invoice factoring companies for mid-sized fleets and box truck operations. Their flat-rate pricing, transportation-specific support team, and reliable funding timelines give growing fleets the stability they need.
You May Also Like: The Best Commercial Truck Insurance Companies for Your Business
Apex factoring rates are competitive and easy to understand. Their fuel programs add value to every mile driven. It’s a strong pick for carriers running regional routes and scaling gradually.
eCapital
If you’re looking for a low-cost factoring company that’s easy to get started with, eCapital is a strong pick. They offer month-to-month contracts, fast approvals, and no minimum volume requirements, which are perfect for owner-operators and seasonal carriers.
eCapital factoring reviews often mention the ease of setup and high satisfaction with customer support. Their app is functional and fast, letting carriers upload and manage invoices on the go. It’s an excellent option for those prioritizing flexibility.
Freight Factoring Express, LLC
This up-and-coming firm is quickly joining the ranks of the top 10 trucking factoring companies thanks to its tailored services for niche freight markets. They offer personalized rate plans for hotshot drivers, car haulers, and specialty freight carriers who don’t fit the standard mold.
Freight Factoring Express stands out by understanding unique freight needs and adapting to individual business models. For carriers tired of one-size-fits-all contracts, this company brings a refreshing approach.
iThrive Funding
New authorities and first-time carriers often struggle to find a factoring company willing to take a chance. That’s where iThrive Funding steps in. Known for fast onboarding, friendly support, and easy approval, iThrive is one of the best factoring companies for new freight brokers and small trucking startups.
iThrive Funding reviews often praise their team for walking clients through the process and answering questions quickly. It’s a low-stress experience designed for new entrants into the freight business.
Fleet One Factoring
Fleet One, powered by WEX, offers more than just factoring. It combines invoice factoring with fuel savings, load boards, and prepaid cards to create a full-suite financial platform for carriers. This multi-tool approach has made it one of the best factoring companies in the USA for companies looking for more than just quick cash.
Fleet One is a smart pick for small fleets and owner-operators who want centralized control over finances and savings in one place.
TBS Factoring Service, LLC
TBS has built a reputation as a trusted name in the freight factoring space, especially for independent truckers and small fleets. With over 50 years in the industry, they offer a streamlined factoring process, competitive advance rates, and no long-term contracts. TBS specializes in helping new authorities get up and running quickly, providing a full suite of services that includes insurance, compliance support, and fuel discounts.
Their mobile app makes invoice submission and tracking easy, giving drivers more control and less paperwork. For carriers looking for a reliable partner with deep industry roots and flexible terms, TBS is a strong contender.
Love's Financial
Love’s Financial, a division of Love’s Travel Stops, brings the power of a national brand to the world of freight factoring. Known for combining financial services with the reach of Love’s truck stops, this company offers tailored factoring solutions, fuel discounts, and back-office support all in one place.
With same-day funding, no hidden fees, and access to exclusive Love’s rewards programs, Love’s Financial has become a go-to option for fleets that already rely on Love’s for fueling and services. It’s a smart choice for drivers who want factoring integrated into their everyday operations.
Still wondering who the best freight factoring company is or what the best invoice factoring company is for your needs? Start by identifying what matters most for you. Choose confidently. And drive forward with the best freight factoring companies the industry has to offer.
