Freight Factoring for Trucking Companies
Turn Outstanding Freight Bills into Same-Day Cash
Bridge the gap between delivering a load and getting paid. With freight factoring from Quickpay Funding, your business receives capital the same day you submit an invoice.
Financing Designed for the Transportation Industry
Our freight factoring services convert your outstanding invoices into immediate working capital, bypassing traditional 30- to 90-day payment delays. Whether you operate a commercial fleet, manage a growing brokerage, or run as an independent owner-operator, you can count on non-stop, reliable liquidity to protect your revenue and keep operations moving smoothly.
Accelerate Cash Flow
Convert your outstanding freight bills into liquid cash the same day with zero hidden fees.
Secure 24/7 Support
Access 24/7 funding, carrier packet management, free shipper credit checks, and instant fuel advances.
Fuel Business Growth
Reinvest reliable revenue to expand routes, purchase equipment, and take on bigger loads
What is Freight Factoring?
Freight factoring, also known as trucking factoring or transportation factoring, is a financial service where trucking companies sell unpaid freight invoices to a factoring company such as Quickpay Funding in exchange for an immediate cash advance.
Instead of waiting 30, 60, or even 90 days for customer payment, trucking companies receive most of the invoice value upfront. This helps maintain steady cash flow for operating expenses such as fuel, maintenance, insurance, and payroll.
Once the invoice is factored, the factoring company collects payment directly from the customer when the invoice is due. After collection, any remaining reserve balance is released to the trucking company.
Freight factoring is a specialized form of invoice factoring designed specifically for the transportation industry, helping trucking companies bridge cash flow gaps caused by long customer payment terms.
How Freight Factoring Works
1. Deliver the Load & Submit the Invoice
Complete your delivery as usual, then submit your invoice and supporting documentation (Bill of Lading and Rate Confirmation) directly to your factoring company.
2. Receive Your Cash Advance
Get a significant portion of the invoice value (usually 80% to 98%) deposited directly into your bank account within 24 hours to cover immediate operating costs like fuel and payroll.
3. Customer Pays & Reserve is Released
The factoring company manages the collection process with your customer. Once they pay the invoice in full, the remaining balance (the reserve) is released to you, minus a small administrative fee.
Benefits of Freight Factoring for Trucking Companies
Freight factoring helps trucking companies improve cash flow, reduce payment delays, and maintain steady operations by converting unpaid freight invoices into immediate working capital. Key benefits include:
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 for 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
Unlike rigid bank loans, your funding scales seamlessly alongside your sales volume.
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.
Why Trucking Companies Choose Quickpay Funding
Quickpay Funding is known as one of the top freight factoring companies because we provide true 24/7 funding with no cutoff times, transparent rates, personalized customer support, and flexible financial solutions designed for trucking companies. Unlike other factoring companies, we prioritize strong, long-term relationships with our clients, ensuring you get fast, reliable funding and dedicated support whenever you need it. Here’s what makes us the best choice:
24/7 Same-Day Funding
Your invoices are funded directly to your bank the same day, even on weekends and holidays.
No Hidden Fees
No surprises here. Get some of the best factoring rates in the industry and clearly outlined fees.
Fuel Card Program
We give all our clients the Quickpay Fuel Card that is accepted nationwide and saves them an average of 45¢/gal.
Carrier Packet Management
Get all of your carrier packets and MSA’s filled out by us at no extra charge.
No Cutoff Times
Forget about “banking hours” and wire deadlines. By leveraging the Real-Time Payments network, we’ve eliminated traditional cutoff times.
Fuel Advances
Get cash before delivery and keep your trucks on the road with 24/7 fuel advances.
Free Credit Checks
Book loads with confidence. Credit check your shippers and brokers for free.
No Volume Requirements
No monthly minimums, no minimum invoice amount or volume minimums.
Quickpay vs. Other Freight Factoring Companies
While most freight factoring companies restrict your business with standard banking hours, volume requirements, and hidden fees, Quickpay Funding is built for trucking companies that need uninterrupted access to working capital. We combine advanced Real-Time Payments (RTP) technology with dedicated 24/7 support and no volume requirements—giving trucking businesses faster access to funds and greater control over cash flow and operations.
| Other Factoring Companies | Quickpay Funding | |
|---|---|---|
| Funding Availability | Business Hours Only | 24/7/365 |
| Funding Speed | 1–3 Business days (Standard ACH) | Instant (In seconds via RTP) |
| Weekend & Holiday Funding | No (Restricted to bank hours) | Yes (True 24/7/365) |
| Customer Support | Standard business hours only | 24/7/365 Dedicated service |
| Volume Minimums | Often required (Penalties apply) | None (No volume requirements) |
Freight Factoring Solutions for Every Trucking Business
Freight Brokers
Attract and retain more carriers with 24/7 Quick Pay and fuel advances. You’ll get the financing you need to boost your credit score and maximize your income.
Owner-Operators
Hit the road with confidence by accessing our 24/7 freight factoring, fuel advances, fuel discounts, back-office support, and flexible payment solutions.
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.
Recently Funded Transportation Deals
See real-world freight factoring facilities structured by Quickpay Funding to keep North American carriers, commercial fleets, and freight brokerages moving forward:
Quickpay Provides $150,000 Freight Factoring Facility to Texas Trucking Company
Quickpay Funding establishes a $150,000 freight factoring facility for a Texas trucking company, providing the capital needed to double its fleet.
Quickpay Provides $2MM Factoring Facility to Asset-Based Freight Broker
Asset-based freight broker switches to Quickpay Funding for faster, more frequent funding, and flexible terms.
Trucking Company in California Gets $1.5 Million Factoring Facility from Quickpay Funding
California trucking company switches to Quickpay Funding for a $1.5M factoring facility, citing improved communication, transparent pricing, and better support.
Get Started with 24/7 Freight Factoring
Complete your application online in just a few minutes and gain access to same-day funding, 24/7 support, and the working capital your trucking business needs to keep moving.
What Our Trucking Clients Say
Love Quickpay Funding - great customer service. It is refreshing to be able to work with a factoring company with which we are able to have a strong business relationship. We are so glad, after having such horrible experiences with other factoring companies, to finally have a trusting relationship and find peace of mind with Quickpay Funding.
B&V Trucking LLC
They are a great team. I've been using them for two years now. Thier customer support is always available any time 24/7/365. I've used other factoring companies but none compare. If you are looking for a factoring company look no further.
Olivias Transport
As the founder and owner of LVL Logistics LLC. I must acknowledge the pivotal role Quickpay Funding has played in the evolution and growth of our company. As we approach our third anniversary and near the 6000 loads delivered and funded, Quickpay has been instrumental every step of the way. Their financial support, in funding our two offices, combined with their unwavering assistance, has significantly contributed to our team's success and growing portfolios. Working with Juan, Veronica, and their team has been a remarkable experience. Their dedication, coupled with the invaluable knowledge and time they have invested, has been indispensable to the company and me. Words scarcely convey the depth of my gratitude for their continued support.
LVL Logistics
Freight Factoring FAQs
What is a freight factoring company?
A freight factoring company (like Quickpay Funding) 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.
Which freight factoring company has the fastest funding?
Quickpay Funding is recognized for having the fastest funding turnaround in the industry. By leveraging Real-Time Payments (RTP) technology, we move capital to your account in seconds, eliminating the 1–3 day wait time common with standard ACH transfers.
Do factoring companies fund on weekends?
Most factoring companies only fund during bank business hours (Monday–Friday). While some factoring companies offer weekend funding, it is often restricted to proprietary fuel cards. However, Quickpay Funding offers true 24/7/365 funding directly to your bank account. Our specialized system allows trucking companies to submit invoices and receive liquid cash on Saturdays, Sundays, and federal holidays—giving you total control over your money.
What separates Quickpay Funding from other freight factoring companies?
Quickpay Funding stands out by offering premium services designed specifically for the needs of modern trucking fleets, freight brokers, and owner-operators:
- 24/7 Same-Day Funding: We offer industry-leading speed and fund invoices the same day they are submitted, even on weekends and holidays.
- No Funding Cutoff Times: We leverage Real-Time Payments (RTP) technology to provide 24/7 funding. If your bank is RTP-enabled (as most are), you can receive your funds instantly—regardless of traditional banking hours.
- Free Carrier Packet Completion: We fill out your carrier packets for free, saving you hours of paperwork.
- No Invoice Minimums: Whether you have one invoice or a hundred, we are here to fund you.
- Competitive Rates: We provide transparent, competitive factoring rates with no hidden fees.
- Exceptional Customer Service: Our team of experts provides personalized support to help your business grow.
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.
How do trucking companies get started with Quickpay?
Getting started is easy!
1. Contact us: Give us a call or fill out our online form → Apply Online in Minutes!
2. Get a free quote: We’ll provide a no-obligation quote based on your needs.
3. Submit your invoices: Start factoring and get paid faster!
Still have questions? We’re here to help! Contact our team of freight factoring experts to discuss your specific needs and find the best solution for your trucking business.
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: