Best Factoring & Financing Software for Freight Brokers

RTS Financial provides freight factoring for brokers with same-day funding and no long-term contracts. The platform advances payment on broker invoices while handling shipper collections and credit management. Features include free shipper credit checks, a real-time online portal for invoice submission and tracking, and dedicated account managers with deep brokerage expertise. The combined factoring and fuel card program provides brokers and their carriers a complete financial solution.

OTR Solutions provides factoring services for freight brokers with fast funding and competitive rates through its QuickPay platform. Brokers receive same-day payment on approved invoices while OTR handles shipper collections and credit management. Features include free shipper credit checks, a real-time online portal, and automated remittance processing. The platform integrates with major TMS systems for streamlined invoice submission. Flexible terms with no long-term contracts suit brokerages of all sizes.

TriumphPay Factoring provides non-recourse freight factoring with same-day funding and fuel advances. Integrated with the TriumphPay network, it supports carriers with digital wallet and fuel card programs.

Fundbox provides lines of credit and invoice financing for small logistics businesses, carriers, and brokers. AI-powered underwriting analyzes business data in real-time for approvals in minutes with credit lines up to $150K. The platform connects to accounting software, bank accounts, and payment processors for automated creditworthiness assessment. Flexible draw-down and repayment options help logistics operators bridge cash flow gaps between delivering loads and receiving payment from customers.

Porter Freight Funding provides factoring services for freight brokers with fast funding and competitive rates. The service advances payment on broker invoices, handling collections from shippers while brokers receive same-day or next-day funding. Features include free shipper credit checks, a simple online submission portal, and dedicated account managers who understand brokerage operations. Flexible terms with no long-term contracts and transparent fee structures help growing brokerages manage cash flow.

eCapital provides freight factoring services for brokers with fast funding and competitive advance rates. The platform handles shipper collections and credit management while brokers receive same-day or next-day payment on approved invoices. Features include free shipper credit checks, a real-time online portal for invoice submission and tracking, automated ACH payments, and dedicated account managers with brokerage industry expertise. Flexible terms with no long-term contracts support growing operations.

Riviera Finance provides invoice factoring services for small to mid-sized freight brokers and carriers. With over 50 years in business, they offer non-recourse factoring with competitive advance rates, same-day funding, and personalized account management from local offices across the US. Features include free credit checks, an online invoice submission portal, and flexible terms without long-term contracts. Their dedicated logistics team understands the unique cash flow challenges of the freight industry.

Apex Capital provides freight broker factoring solutions backed by 29+ years of trucking industry experience. The blynk instant payment technology enables 24/7 funding on nights, weekends, and holidays, helping brokers maintain cash flow regardless of shipper payment terms. With professional collections that protect shipper relationships, transparent pricing with no hidden fees, and an A+ BBB rating with 91% Trustpilot five-star reviews, Apex Capital supports growing brokerages with the working capital they need to scale operations.

Kabbage (now part of American Express Business Blueprint) provides automated lines of credit and cash flow management tools for small logistics businesses. Using AI-powered underwriting that analyzes business data in real-time, approvals happen in minutes with credit lines up to $250K. The platform connects to bank accounts, accounting software, and payment processors to continuously evaluate creditworthiness. Flexible draw-down and repayment options help carriers and brokers manage cash flow gaps.

OnDeck provides business loans and lines of credit for small logistics companies, carriers, and brokers. Using automated underwriting with real-time business data analysis, approvals happen within hours with funding as fast as same-day. Term loans range from $5K to $250K and lines of credit up to $100K, with transparent pricing and no prepayment penalties. The platform connects to bank accounts and accounting software to streamline application and ongoing account management for busy logistics operators.