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5 best freight broker factoring companies

Choosing the right factoring company is crucial for freight brokers looking to maintain a healthy cash flow. With numerous options in the market, finding the best fit for your business needs can be overwhelming.

This article aims to simplify your search by providing our top picks for the best freight broker factoring companies. When you’re finished reading, be sure to check out the other articles in our ‘freight broker factoring’ series:

Quicklook: 5 best freight broker factoring companies

Best factoring company for freight brokers


TAFS is a factoring company focused on building relationships with freight brokers to help support their long-term financial growth. With over 15 years in the business, TAFS understands the unique needs and insight brokers require to succeed in the industry — including the importance of 24-hour service. Offering the best customer service of any invoice-factoring company, TAFS also provides a wide range of other trucking business solutions. Because of these features, no ‘best factoring company for trucking brokers’ list is complete without TAFS.

Best for: Customer service


  • Recourse and non-recourse factoring
  • Open 365 days a year
  • Strong partnerships that can result in higher-paying freight and discounts
  • Fast turnaround, including a one-hour advance option
  • Fuel discounts

Maximum funding: Not available

Discount rate: Not available

Expected annual percentage rate (APR): As low as 2.49% for single-truck companies

Advance rate: Up to 100%

Minimum annual revenue: No minimum qualifications

Funding time: Same day or up to 24 hours 

Minimum credit score: No minimum qualifications

BBB rating: A

Special features

  • One-day turnaround options
  • Lets you help design a custom Quickpay program


  • Fast funding
  • Positive industry reputation

Disadvantages: No upfront loan amounts and rates



eCapital is a good choice for freight brokers who are looking for a reliable and experienced invoice factoring company. Their Carrier Quick Pay program allows freight brokers to pay carriers within 24 hours of submitting their invoices, helping them to attract and retain the best carriers. They also offer flexible and competitive factoring programs, fast and reliable funding, and a number of other benefits that can help freight brokers to grow their businesses. 

Best for: Fast payments


  • Instant transfers
  • Line of credit and Visa card
  • Fuel discounts
  • Load board with built-in credit checks

Maximum funding: Not available  

Discount rate: Not available 

Expected APR: Not available

Advance rate: Up to 95%

Minimum annual revenue: None

Funding time: Almost immediately after invoice approval

Minimum credit score: None; approval is based on the creditworthiness of customers

BBB rating: A-

Special features

  • Carrier Quick Pay Program
  • Load board
  • TMS system
  • Line of credit


  • Quick financing decisions and funding
  • Instant transfers, even after hours
  • Other premium services and broker insights
  • Money management system


  • No upfront pricing options or rates offered
  • Must contact customer service for a quote

Porter Freight Funding

Porter Freight Funding

Formed in 2011, Porter Freight Funding is the factoring arm of Porter Capital. Through acquiring Decatur’s Resource Billing Services, Porter Freight Funding has nearly 100 years of cumulative experience in the transportation factoring sector. The company makes freight brokers’ lives easier by paying carriers as soon as they deliver a shipment. They offer a wide array of flat rate pricing, contract lengths, and payment terms, making them as one of the best factoring companies for trucking brokers.

Best for: Flexibility 


  • Same-day factoring
  • Dispatch 
  • Fuel cards
  • Insurance
  • Compliance 
  • Billing, invoicing and collections 
  • Credit checks 

Maximum funding

  • Low: $10,000
  • High: $25 million

Discount rate: N/A

Expected APR: 1.5%

Advance rate: 90%

Funding time: Within 24 hours

Minimum credit score: N/A 

BBB rating: A+

Special features

  • Mobile app
  • Dedicated account executive
  • Fuel discounts


  • Same-day funding
  • No monthly minimums 
  • Yearly, bi-annual or month-to-month contracts
  • Dedicated client care

Disadvantages: May charge slightly more than other factors 

Triumph Business Capital


Triumph Business Capital makes it easy for freight brokers to keep up with invoices with premium factoring services. The MyTriumph Web Portal simplifies the invoice submission process and gives clients access to credit checks on current or potential clients. It allows them to monitor and control their invoice factoring needs, and check the status of payments. Triumph also has excellent back-office support that can help chase clients for unpaid invoices so you don’t have to. 

Best for: Invoice management


  • Recourse and non-recourse factoring
  • MyTriumph online customer portal
  • Insurance offerings
  • Equipment financing

Maximum funding: Up to $20 million

Discount rate: 1% to 4% per month

Expected APR: 12% to 72%

Advance rate: Up to 90%

Minimum annual revenue: $100,000

Funding time: Up to seven days 

Minimum credit score: 500

BBB rating: A

Special features

  • MyTriumph online portal
  • Ability to run free credit checks through MyTriumph
  • High advance rate (90%)

Benefits: Maximum control over invoices


  • Not integrated with accounting software
  • Slower funding time compared to competitors
  • Origination fee

Apex Capital Corp


Apex Capital Corp stands out as a leading provider of 24/7 freight freight broker factoring and exceptional customer service. This reputable full-service factoring company specializes in helping companies maintain a consistent cash flow by offering services during nights, weekends, and bank holidays.

Apex Capital’s services are designed with the specific needs of freight brokers in mind. From competitive rates and quick funding to strong customer service, and perks like fuel discounts, they offer significant broker benefits for those seeking factoring services.

Best for: 24/7 access


  • Same-day and next-day funding
  • Professional collections on factored invoices

Maximum funding: N/A

Discount rate: N/A

Expected APR: N/A

Advance rate: Between 80% and 90%

Funding time: Within 24 hours

Minimum credit score: N/A

BBB Rating: A+

Special features

  • 24/7 factoring any time – even on nights, weekends, and bank holidays
  • Pricing transparency


  • Great customer service
  • No monthly minimum volume fees
  • No long-term contracts

Disadvantages: Must process invoices through Apex Capital

When to consider broker factoring

Freight brokers might consider factoring when facing financial challenges like the following:

  • Cash flow constraints: If you’re experiencing a cash flow bottleneck due to slow paying customers, factoring can provide immediate funds. This way, you can pay carriers and staff without delays.
  • New business or rapid growth: For a new or rapidly growing business, traditional financing options may be hard to secure. Factoring offers a quick, relatively easy way to infuse your business with cash.
  • Seasonal fluctuations: If your business is seasonal, you might face periods of reduced income. Factoring can help bridge the cash flow gaps during the slow months.
  • Lack of access to traditional loans: Smaller companies or those with less than perfect credit may struggle to obtain traditional loans. Factoring companies usually focus on the creditworthiness of your clients, making it easier to qualify.
  • High operational costs: Freight brokers often have high overhead costs, including equipment, maintenance, and staff salaries. Top freight broker factoring companies can provide the cash needed to cover these operational expenses.
  • Large or unpredictable orders: If you receive a large or unexpected order and don’t have the immediate cash to fulfill it, factoring can provide the funds needed to meet the client’s requirements.
  • Emergency expenses: Unforeseen situations like equipment breakdowns or other emergencies can disrupt your cash flow. The best factoring companies for freight brokers can offer a quick financial solution in these cases.
  • Immediate investment opportunities: At times, you might come across growth opportunities that require immediate investment. Factoring solutions can provide the cash needed to seize these opportunities without delay.

You can’t go wrong with these factoring companies for freight brokers

Factoring can be a valuable freight financing tool for brokers in various situations. However, it’s important to weigh the costs and benefits during the selection process to ensure it’s the right freight payment solution for your specific circumstances.

In your company comparison, look for broker reviews on service quality, factor pricing, and ease of invoice processing for any options you’re considering. After a careful company assessment and review of the entire factoring process, you’ll be able to find a brokerage factoring solution that’s right for you.


How do freight brokers pay factoring companies?

Freight brokers pay factoring companies through a percentage fee taken from the total invoice amount. The fee is deducted when the factoring company advances the funds.

Who is the best factoring company?

Determining the best factoring company depends on specific needs like rates, contract terms, and additional services offered. Research and customer reviews can help identify a company that best fits your requirements.

How long does it take for factoring companies to pay?

The time it takes for factoring companies to pay can vary but is often within 24 to 48 hours. Speed of payment is a key factor to consider when picking a factoring company.

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TAFS is More than Freight Factoring

As one of the industry leaders, TAFS assists trucking companies to increase cash flow with some of the lowest factoring rates in the industry and a 1-hour advance option.