Best Factoring & Financing Software for Carriers

RTS Financial provides freight factoring for carriers and owner-operators with same-day funding and no long-term contracts. The platform offers competitive advance rates, free broker credit checks, and a fuel card program with discounts at major truck stops. A mobile app enables on-the-road invoice submission with instant approval. RTS handles all collections and back-office tasks, freeing carriers to focus on hauling. Additional services include equipment financing and compliance support for growing fleets.

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.

EFS (a WEX company) provides fleet fuel cards and payment solutions for carriers, with discounts at all major truck stop chains. Features include driver-level spending controls, real-time transaction monitoring, IFTA reporting, and integration with popular TMS and accounting platforms. The EFS card network spans 15,000+ truck stops including Pilot Flying J, Love's, and TA-Petro. Additional services include driver payroll cards, maintenance payment management, and over-the-road cash advance capabilities.

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.

OTR Solutions provides factoring services for carriers and owner-operators with truly instant funding through its QuickPay platform. Features include same-day payment on approved invoices, free broker credit checks, a fuel discount program at major truck stops, and a mobile app for submitting invoices on the go. No long-term contracts required, with transparent fee structures and dedicated account managers who understand the trucking industry.

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.

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.

eCapital provides freight factoring services for carriers and owner-operators with fast funding and competitive rates. The platform offers same-day payment on approved invoices, free broker and shipper credit checks, and a fuel discount program at major truck stops nationwide. Features include a mobile app for on-the-road invoice submission, real-time payment tracking, and flexible terms without long-term contract requirements. Dedicated account managers provide personalized support for growing carriers.

Fleet fuel card and payment platform combining fuel purchasing, driver payroll, and expense management in one unified system. Trusted by carriers of all sizes for real-time fleet spending visibility and cost control.

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.

TBS Factoring provides freight factoring services for small to mid-size carriers and owner-operators. The service offers fast funding with competitive advance rates, free credit checks, and a fuel card program with discounts at major truck stops. TBS handles collections and credit management, freeing carriers to focus on hauling. Features include an online portal for invoice submission, real-time payment tracking, and flexible contract terms with no hidden fees or long-term commitments.

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.

Porter Freight Funding provides factoring services for owner-operators and small carriers. The service offers same-day funding on approved invoices with competitive advance rates. Features include free credit checks on brokers, fuel card programs with discounts at major truck stops, and a simple online portal for invoice submission. No long-term contracts or hidden fees, with personalized account management and 24/7 customer support for carriers on the road.

Apex Capital provides factoring services for carriers and owner-operators with fast funding, fuel advances, and credit protection. The platform offers competitive advance rates with same-day payment on approved invoices, free broker credit checks, and a fuel card program with discounts at major truck stops. Features include the free NextLOAD load board exclusively for Apex clients, a mobile app for on-the-road invoice submission, and TMS integration. No long-term contracts with transparent pricing.