TRUCKFI
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#1 Rated Freight Factoring

CASH FLOW THAT MOVES
FASTER THAN YOU DO.

There’s no one-size-fits-all solution for freight factoring. That’s why we offer the industry’s best financing technology and tailored services to fit the needs of any carrier – big or small. Get funded within minutes of dropoff.

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Non-Recourse Available
Same-Day Fuel Advances
Modern semi-truck driving on highway representing fast freight factoring cash flow

WHAT IS FREIGHT FACTORING?

In the trucking industry, cash flow is the ultimate bottleneck. Brokers and shippers routinely take 30, 45, or even 60 days to pay an invoice after a load is successfully delivered. Meanwhile, your expenses—fuel, insurance, truck maintenance, and driver payroll—never wait.

Freight factoring (also known as truck factoring or invoice factoring) is the financial solution designed specifically to bridge this gap. Instead of waiting weeks to get paid by the broker, you sell your unpaid invoice to a factoring company like TruckFi. We immediately advance you the cash—often within minutes of delivery—minus a small, flat fee. We then take on the responsibility of collecting the payment from the broker.

By utilizing freight factoring, owner-operators and growing fleets can accept higher-paying loads without worrying about payment terms, confidently cover fuel costs, and aggressively scale their operations without taking on high-interest debt or restrictive bank loans.

Instant Truck Factoring

SAY "NO" TO TRADITIONAL FACTORING

DropPay is our simple solution designed to improve cash flow for carriers with zero transaction fees and payments within seconds – at any time.

24/7/365 Payments

Nights, weekends, and holidays. Anytime means anytime. Don't let your cash get stuck over a long holiday weekend.

One-Click Submits

Your time is valuable. Stop spending it on complicated factoring paperwork. Submit your invoices in seconds with our streamlined platform.

Low Rates, No Hidden Fees

No hidden fees, no surprises. Keep more of what you earn with some of the most competitive factoring rates in the industry.

No Minimums

Factor as much or as little as you need. There are no volume commitments, so you're always in control of your cash flow.

No Wire Fees

Get paid fast without being penalized. Enjoy unlimited ACH and fast transfers without paying arbitrary bank wire fees on every load.

Flexible Contracts

Our agreements are built around your business – not the other way around. We offer terms that adapt to your needs and don’t lock you in.

HOW YOU WIN WITH TRUCKFI

Beyond just paying you instantly, TruckFi acts as your dedicated back-office partner. We provide the tools, technology, and support to ensure you are maximizing your weekly revenue and keeping your trucks on the road.

Non-Recourse Factoring

Yes, we offer Non-Recourse Factoring. We cover the risk if your customer can’t pay due to insolvency or bankruptcy, so you don't take the hit.

Fuel Advances & Discounts

Keep your cash flow moving with same-day fuel advances on booked loads, giving you the power to fuel up before the wheels even turn. Plus, gain access to nationwide fuel discounts.

Real-time Lane Data

Make smarter dispatch decisions with up-to-the-minute lane rates, trends, and load availability in one streamlined, easy-to-use platform with our integrated load board.

Collections Assistance

Skip the stress of chasing payments. Our team handles collections on your behalf so you can focus on the next haul, not overdue invoices.

WHAT OUR CARRIERS SAY

"The team was very helpful answering all my questions and factoring a few loads until I had a chance to get the app set up to do it on my own. Very prompt responses to texts and email too."

— Brandon R.

"The quickest most efficient process I have come across. My account manager guided me through the process flawlessly. All my questions and concerns were answered with great attention to detail."

— Isaac C.

FREQUENTLY ASKED QUESTIONS

Everything you need to know about TruckFi's freight factoring programs.

TruckFi provides instant freight factoring for new and established trucking companies. Instead of waiting 30, 60, or 90 days for broker payments, get paid the moment a load is delivered. We manage the back-office collections so you can focus on scaling your fleet without financial friction.

No! Unlike traditional bank loans, freight factoring is based on the creditworthiness of the brokers and shippers you are hauling for, not your personal credit score. Even if you have bad credit, no credit, or a recent bankruptcy, you can still easily qualify for factoring.

Applying is fast and simple. You generally just need your active MC/DOT number, W-9, a voided check for direct deposits, and your articles of incorporation. Our team will review your application and can often get you approved the same day.

Our onboarding process is lightning-fast. With immediate approvals, we can typically have your account set up, activated, and ready to fund your first load within 24 hours of receiving your application.

No. Our agreements are built around your business. We offer highly flexible contracts that adapt to your needs and don’t lock you into restrictive, long-term commitments that stunt your growth.

Yes. We offer Non-Recourse factoring. This means we cover the credit risk if your customer (the broker or shipper) cannot pay the invoice due to formal insolvency or bankruptcy. You don't have to worry about buying back the invoice.

Yes. If a fuel advance is selected, it will be made once the pickup has been successfully completed. This gives you the cash you need to fuel up and run the miles without draining your bank account.

Generally, if you are leased onto another carrier and running under their authority, the carrier is the one who bills the customer and factors the load. However, if you have your own active operating authority (MC number), you can factor with us directly!

Factoring is exceptional for startups and small trucking companies. It provides the immediate working capital required to buy fuel, pay drivers, and take on more loads. Without factoring, a startup would be forced to wait 30+ days for payment, crippling their ability to take the next load.
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