Best Trucking Factoring
2018 Awards

FactoringCLUB Awards

Disclosure: FactoringClub receives referral fees from its sponsor factoring companies.

FactoringClub is the most comprehensive directory of freight factoring companies in the United States and Canada. With over 100 factoring companies, FactoringClub features many of the best companies in the industry. This year's best freight factoring companies were awarded based on the following criteria:

TERMS & FEATURES   •  CUSTOMER SERVICE  •  OVERALL EXCELLENCE
866-503-7092
866-503-7092
500 Silver Spur Rd, Palos Verdes, CA
Steve Campbell of J D Factors
"We at J D Factors realize that cash flow is the life blood of any company. With our factoring programs, cash flow will never be an issue for you to deal with!"
Steve, Business Development Officer

J D Factors is a factoring company headquartered in Palos Verdes, California with 14 offices throughout the United States and Canada. J D Factors has over 25 years of experience helping trucking companies of every size manage their cash flow needs. They have a reputation for taking excellent care of their clients. They offer fuel cards and a free load board to all their clients. With their online account management system, you can generate your invoices, manage your account, and get free credit checks on your customers.

Financial Information:

Minimum Credit Facility ($): 5,000
Maximum Credit Facility ($): 5,000,000
Advance Rate (%): 70-85%; 92-96% for trucking

Terms of Service:

Application and Start-up Fees: No application or start-up fees.
Contract Length: Varies.
Cancellation Fee: Negotiable.
Monthly Minimum: None.
Factor All Invoices: No, factor only what you want to factor.
Reserve Availability: First 5 business days of month. Not applicable to trucking since no reserve is held.
Additional Fees: No hidden fees.
800-738-9591
800-738-9591
2736 TV Rd, Florence, SC
Eric Belk of Match Factors
"Match Factors specializes in providing simple, flexible freight factoring solutions to transportation companies with a 95% or higher cash advance."
Eric, Vice President

Match Factors is a trucking factoring company located in Florence, South Carolina. Match Factors has been delivering top-notch customer service since 1985. They are best known for starting the original 95% cash advance in the transportation industry. Match Factors provides freight brokerage and logistics services in addition to their factoring services. They offer a full suite of client benefits including Comdata fuel cards, free credit checks and FedEx discounts. You don't have to pay application or setup fees and you don't have to sign a long-term contract. Match Factors also provides you an online client portal to manage your account.

Financial Information:

Minimum Credit Facility ($): No minimum
Maximum Credit Facility ($): 2,000,000
Advance Rate (%): 95-100%

Terms of Service:

Application and Start-up Fees: No application or setup fees.
Contract Length: No long-term contracts.
Cancellation Fee: No cancellation fees.
Monthly Minimum: No monthly minimums.
Factor All Invoices: Not required.
Reserve Availability: There's no reserve since invoices are fully funded.
Additional Fees: Wire, ACH and Comchek fees (based on funding preference).
801-676-0182
801-676-0182
6995 Union Park Center, Midvale, UT
Jeremy Robison of Tetra Capital
"The goal of our experienced team is to be your partner and help you grow your business with easy and transparent freight factoring services."
Jeremy, President

Tetra Capital is a freight factoring company based in Midvale, Utah just outside of Salt Lake City. Tetra has been providing full-featured freight bill factoring services to their clients since 2010. They understand your business is unique, so they give you the personal attention you deserve. Tetra's host of features include fuel cards, free credit checks, and Truckers B2B discounts, You don't have to factor all your loads and you're not required to sign a long-term contract. They can get you set up and funded within 5 days. Tetra also provides online account access so you can check the status of your invoices and speed up collection times.

Financial Information:

Minimum Credit Facility ($): 5,000
Maximum Credit Facility ($): 1,000,000
Advance Rate (%): 100%

Terms of Service:

Application and Start-up Fees: None.
Contract Length: No long-term contracts.
Cancellation Fee: None.
Monthly Minimum: No monthly minimums.
Factor All Invoices: No.
Reserve Availability: There's no reserve since invoices are fully funded.
Additional Fees: None.
813-773-4000
813-773-4000
3284 N 29th Ct, Hollywood, FL
Eric Mandel of Freight Factoring Specialists
"Freight Factoring Specialists is so much more than a transportation factoring company. We treat you as a member of the family."
Eric, VP Business Development

Freight Factoring Specialists (FFS) is a freight factoring company in South Florida that really strives to provide top-notch service to its clients. FFS was founded on the values of customer service. They take pride in building long-term relationships in the trucking industry. They enjoy what they do and it shows in their responsive and prompt service. FFS offers full advance factoring, as well as a non-recourse factoring plan. Most of their larger carriers prefer the less expensive recourse plan. You aren't required to sign a long-term contract and you don't have to factor all your invoices.

Financial Information:

Minimum Credit Facility ($): 5,000
Maximum Credit Facility ($): 5,000,000
Advance Rate (%): 90-98%

Terms of Service:

Application and Start-up Fees: None.
Contract Length: No contract.
Cancellation Fee: None.
Monthly Minimum: No.
Factor All Invoices: No.
Reserve Availability: As requested - or monthly.
Additional Fees: None. (Optional wire fee is $25.)
905-603-6284
905-603-6284
197 D'Arcy Pkwy., Lathrop, CA 95330
Oscar Rombola of Accutrac Capital
"Accutrac provides freight factoring at the industry’s lowest cost plus fuel discounts to trucking companies. Easy qualification & fast funding."
Oscar, Managing Director

Accutrac Capital is a trucking factoring company with offices throughout the U.S. and Canada. Accutrac offers a creative suite of alternative factoring options depending on your situation. They have a Flat Fee Factoring program designed for slow paying customers where you can lock in a factoring rate for up to 90 days. They have a Flex Factoring program for faster paying customers that gives you a 10 day incremental rate. For truck fleets, Accutrac also offers a Factoring Line of Credit where you pay a daily rate on actual funds drawn which provides maximum flexibility and value.

Financial Information:

Minimum Credit Facility ($): 5,000
Maximum Credit Facility ($): 10,000,000
Advance Rate (%): 100%

Terms of Service:

Application and Start-up Fees: None.
Contract Length: 12 months.
Cancellation Fee: 2%.
Monthly Minimum: No.
Factor All Invoices: No, you only factor the invoices you want.
Reserve Availability: There's no reserve since invoices are fully funded.
Additional Fees: None.

Trucking Factoring Companies

Freight Factoring

Trucking companies of all types and sizes use invoice factoring because it provides consistent cash flow needed to haul more loads and grow their business. Speed is critical in the trucking industry, so carriers use invoice factoring as the fastest way to get paid for delivered loads. Given today's technology, freight factoring companies can approve and fund your freight bills quickly, often the same day. You simply send a copy of your freight bill to the factoring company and they send you cash the next day. Many factoring companies provide an online account management system so you can track all your activity. Whether your transportation business is a  startup or a large carrier, you can benefit greatly from trucking factoring.

Customer Care

The best factoring companies offer excellent customer service. You want to work with friendly, knowledgeable and experienced people. You may be assigned a personal account manager to help handle any issues or questions that you might have. Account managers should be responsive and attentive to your everyday needs with your invoices and customers.

Factoring companies must have good customer service.
Trucking factoring turns freight bills into immediate cash.

Terms and Features

The best truck factoring companies offer reasonable rates and favorable terms such as no long-term contracts, no monthly minimums and they don't require you factor all your company invoices. They also provide additional services and benefits such as fuel cards, free credit checks, load boards and insurance assistance. Some freight factoring companies offer the option of non-recourse factoring. Non-recourse factoring is a credit guarantee that protects you from customer non-payment due to bankruptcy or insolvency. Many trucking factoring companies also offer full-advance or 100% advance factoring, in which they don't hold any reserve when funding your freight bills. They only deduct their factoring fees from your cash advance.

Local factoring services

After you narrow your selection of factoring companies based on your industry, you may prefer a factoring company located in your city or state. FactoringClub provides the information you need with over 100 factoring companies located in most major cities and states. We have listings categorized by state and major city. Our search capabilities make it easy for you to select your industry and state and so you can focus on nearby factoring companies.

FactoringClub is the most comprehensive source of information for invoice factoring companies. FactoringClub helps you find the right factoring company. Search our listings or call our factoring experts at (866) 748-7111 for assistance.