Freight Factoring

The Fastest Way to Get Paid

With freight factoring from Quickpay Funding, your trucking business gets paid the same day you submit an invoice.

Instant Cash Flow for Trucking Companies

Stop waiting on slow customer payments! Get same-day cash for your freight invoices with Quickpay Funding’s 24/7 factoring. Whether you’re a freight broker, fleet owner, or owner-operator, we have the fastest funding and most flexible solutions to ensure consistent cash flow you can count on. Factor your invoices and get paid fast, 24/7, even on holidays and weekends. Say goodbye to cash flow worries and hello to predictable, reliable funding with Quickpay Funding.

money moving fast

More Money

Freight factoring eliminates long wait times for customer payments – putting more money in your pocket, faster.

24/7 factoring

More Support

Our team available 24/7 to support your trucking business with fuel advances, Quick Pays, credit checks, carrier packets, and more.

fast growing trucking company

More Growth

Take advantage of steady cash flow and take on more loads, invest in new equipment, and expand your operations.

A Freight Factoring Company for Your Business

Freight Broker using a freight broker factoring company

Freight Brokers

Attract and retain more carriers with 24/7 QuickPay and fuel advances. You’ll get the financing you need to boost your credit score and maximize your income.

Freight Broker using a freight broker factoring company


Hit the road with confidence by accessing our 24/7 freight factoring, fuel advances, fuel discounts, back-office support, and flexible payment solutions. 

Freight Broker using a freight broker factoring company

Trucking Fleets

Maximize your fleet’s potential with consistent working capital. Our dedicated team will work with you to customize a financial plan that supports your goals.

row of semi trucks

We Know Trucking

Our team has years of experience serving the trucking industry. We work with businesses of all sizes – from owner-operators, fleets, to freight brokers – and provide tailored financial solutions with fast, efficient funding options. Our deep industry knowledge and genuine appreciation for the trucking world makes Quickpay Funding your ideal partner for all your factoring needs.

What is Freight Factoring?

Freight factoring, also called trucking factoring or transportation factoring, is a transaction where a trucking company sells its outstanding freight invoices to a factoring company in exchange for a quick cash advance. When a trucking company delivers a load, they typically send an invoice to their customer; however, it can take 30, 60, or even 90 days for the customer to pay the invoice. This can be a problem for trucking companies, which often have to pay for fuel, maintenance, and other expenses upfront.

Freight factoring gets trucking companies paid immediately for their completed deliveries. The factoring company advances the majority of the invoice amount to the trucking company, and then collects the full amount from their customer when the invoice is due. This way the trucking company can get paid for their services quickly, even though their customers may not pay for 30-90 days or more. It is a specialized form of invoice factoring tailored to the unique needs of the transportation industry.

freight factoring company

How Does Freight Factoring Work?

Freight factoring streamlines cash flow for trucking companies. Here’s how it works in 5 steps:

1. Deliver Your Load

Your trucking company completes a delivery as usual.

2. Submit Invoice to Factor

Send your new invoice to your factoring company.

3. Get Your Advance

Receive a significant portion of the invoice’s value (usually 80-90%) typically within 24 hours of submitting your invoice. 

4. Factor Collects Payment

The factoring company handles all the communication and collection efforts with your customer.

5. Receive Remaining Balance

Once the customer pays in full, the factoring company deducts their fee and sends you the rest.

Infographic explaining how freight factoring works for trucking companies in a 5 step process.

Benefits of Freight Factoring for Trucking Companies

Freight factoring is a powerful financial solution for trucking businesses, offering advantages that directly impact your operations and bottom line. Here’s what you gain:

Instant Cash Flow Boost

Get paid for invoices immediately instead of waiting weeks or months. Cover essential expenses like fuel, payroll, and maintenance without delay.

Fuel Your Growth

Consistent working capital lets you confidently expand. Invest in new trucks, hire more drivers, and take on bigger, more profitable loads.

Debt-Free Funding

Unlike traditional loans, factoring does not involve taking on debt. It’s financing based on outstanding invoices, making it a suitable option for companies looking to avoid additional financial liabilities.

Streamlined Operations

With the burden of invoice management and collections offloaded to the factoring company, trucking companies can focus on their core operations.

No More Payment Delays

Instead of waiting for your customers to settle their invoices, you get quick payment from the factoring company. This eliminates the hassle of chasing payments and reduces the risk of late or unpaid invoices.

Flexible, Scalable Financing

Factor only the invoices you need, when you need it. This adaptable solution grows with your business.

Fast Approval, Faster Cash

The approval process for freight factoring is faster than other financing options. Many factoring companies can approve your application and be funding you within a few days.

happy truck driver
trucks hauling freight

What to Expect from Us

When you choose Quickpay Funding as your freight factoring company, you’re choosing a financial partner committed to your success. Our approach is all about understanding your business, its challenges, and its aspirations, allowing us to provide a personalized financial solution that aligns with your goals.

With Quickpay Funding, you can expect more than just a transaction; you can expect a partnership. We take the time to get to know your specific circumstances, ensuring that the financial support we offer is precisely what you need. Our commitment to your success extends beyond mere numbers—it’s about supporting your growth, providing fast and reliable funding, and offering dedicated customer support every step of the way.

Apply for Freight Factoring Today!

Our application takes approximately 5 minutes to complete once registered.

Freight Factoring FAQs

What is a freight factoring company?

A freight factoring company (or trucking factoring company) is a financial partner for trucking businesses. They specialize in buying unpaid freight invoices and providing immediate cash advances. This helps trucking companies improve cash flow and eliminate long waits for customer payments.

Who can qualify for freight factoring?

Most trucking companies that have customers with good credit can qualify for freight factoring. The factoring company will typically check the creditworthiness of the customer, rather than the business itself. These are the most common businesses to use freight factoring:


Is freight factoring worth it for trucking companies?

Whether or not factoring is right for your freight business will depend on your specific circumstances. However, it is a good option for trucking companies that have long payment terms from their customers, are in a high growth stage, or simply need to improve their cash flow.

What are some key terms I should understand when considering freight factoring?

Learn the freight factoring lingo with our A-Z guide to the essential factoring terms:

The Essential Freight Factoring Dictionary