Trucking & Owner-Operator Invoice Factoring
Turn unpaid freight invoices into cash in 24 hours instead of waiting 30-60 days on broker or shipper terms — factoring rates typically run 1-5% per invoice, with most owner-operators paying 2-3.5%.
Get Paid on Today's Load, Not in 30-60 Days
Factoring approval is based on your broker or shipper's credit, not yours — which is why an estimated 25-35% of active owner-operators in the U.S. use it to manage cash flow, and why new authorities can often qualify from day one.
Common Uses of Freight Factoring
Invoices & Advances We Cover
Same-day to 24-hour funding, with no long-term contract required on most programs.
Trucking & Owner-Operator Invoice Factoring FAQs
How much does freight factoring cost?
Rates typically run 1-5% per invoice, with most owner-operators on flat-fee recourse plans paying 2.5-3.5%. The average freight factoring rate as of Q2 2026 is around 2.8% per invoice for a typical single-truck operator. Your exact rate depends on invoice volume, your customers' credit, and whether you choose recourse or non-recourse.
What's the difference between recourse and non-recourse factoring?
With recourse factoring, you're on the hook if the broker or shipper never pays the invoice. With non-recourse factoring, the factoring company assumes that credit risk instead, usually for a higher fee.
How fast do I get paid after submitting an invoice?
Most factoring companies fund within 24 hours of submitting an invoice, and many offer same-day funding for an additional fee.
Can a new authority or first-year carrier qualify for factoring?
Yes — factoring approval is based mainly on the creditworthiness of the broker or shipper who owes the invoice, not the trucking company's own credit or time in business, which makes it one of the more accessible financing tools for new carriers.
How many owner-operators actually use factoring?
An estimated 25-35% of active owner-operators in the U.S. use invoice factoring to manage cash flow, and transportation/logistics is the single largest industry segment of the broader U.S. factoring services market.
Are there fees beyond the advertised factoring rate?
Often, yes — common add-ons include ACH/wire fees, per-invoice fees, and monthly minimums. Always ask for the all-in cost, not just the headline rate.
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