The best overall factoring company in 2025 is Matrack Freight Factoring Services. It offers same-day funding, low rates, and extra tools like free telematics that give carriers more value than standard factoring providers.
Factoring is a way for trucking companies to get paid faster by selling their unpaid invoices to a factoring company. Instead of waiting 30, 60, or even 90 days for shippers or brokers to pay, businesses receive immediate cash to cover fuel, maintenance, and payroll.
In this guide, you’ll find detailed profiles of the top factoring companies in the industry. Each one has different strengths, from supporting owner-operators to helping freight brokers or oilfield contractors, so you can choose the option that fits your business best.
Our Top Choices For Factoring Companies
- Best For: Best Overall
- Year Founded: 2008
- Headquarters: San Ramon, CA
- Google Business Rating: ⭐ 4.7
- Trustpilot Rating: Not listed
- Accreditations: Member of NATM; Partner with NAHSTA
- Best For: Trucking Factoring Company
- Year Founded: 1995
- Headquarters: Fort Worth, TX
- Google Business Rating: ⭐ 4.8
- Trustpilot Rating: ⭐ 4.4
- Accreditations: No public memberships found
- Best For: Invoice Factoring Company
- Year Founded: 2015
- Headquarters: McLean, VA (also Charleston, SC)
- Google Business Rating: Not listed
- Trustpilot Rating: ⭐ 4.4
- Accreditations: Member of ILPA and International Factoring Association (IFA)
- Best For: Texas Factoring Company
- Year Founded: 2020 (as Triumph Financial)
- Headquarters: Dallas/Coppell, TX
- Google Business Rating: ⭐ 3.7
- Trustpilot Rating: ⭐ 1.2
- Accreditations: Subsidiary of Triumph Bancorp (Nasdaq: TFIN), IFA, CAEF
- Best For: Transportation Factoring Company
- Year Founded: 2015
- Headquarters: Chattanooga, TN
- Google Business Rating: Not listed
- Trustpilot Rating: Not listed
- Accreditations: No public memberships found
- Best For: Owner-Operators
- Year Founded: 2013
- Headquarters: Carlsbad, CA
- Google Business Rating: ⭐ 4.7
- Trustpilot Rating: ⭐ 4.0
- Accreditations: No public memberships found
- Best For: Freight Brokers
- Year Founded: 2007
- Headquarters: Olathe, KS
- Google Business Rating: ⭐ 4.2
- Trustpilot Rating: ⭐ 4.0
- Accreditations: No public memberships found
- Best For: Oilfield Factoring Company
- Year Founded: 1995
- Headquarters: Overland Park, KS (offices in Chicago, Nashville)
- Google Business Rating: ⭐ 4.6
- Trustpilot Rating: ⭐ 3.8
- Accreditations: Recognized by KC Business Journal as “Best Places to Work”; no associations listed
How We Picked Best Factoring Companies?
We focused on what really matters to trucking businesses when picking the right factoring partner. Quick access to cash, fair rates, and flexible terms were at the top of the list because those are the things that keep trucks on the road.
From there, we looked at the extras each company brings to the table. Fuel card savings, mobile apps, and credit checks can make a big difference in day-to-day operations, especially for smaller carriers and independent drivers.
We also paid attention to what real customers had to say. Reviews, industry reputation, and years of experience helped us separate the companies that only make promises from those that consistently deliver.
What Are The Best Factoring Companies In 2025?
Matrack Freight Factoring Services - Best Overall
Matrack Freight Factoring Services stands out as the Best Overall choice for trucking companies that want reliability and speed. With same-day funding, carriers don’t have to wait around for payments and can keep their operations moving without cash flow stress.
One of the biggest advantages is that Matrack doesn’t require a credit check for corporations, making it easier for businesses to qualify without personal risk. On top of that, their rates are among the most competitive in the market, starting as low as 1.5%.
Matrack also goes beyond traditional factoring by offering free telematics, including ELD solutions, with every subscription. Combined with fuel card compatibility and strong customer support, it creates a complete package that helps trucking companies save money while staying ahead.
Company Highlights
- Same-day funding with 100% invoice value advanced
- No credit checks required for corporations
- Factoring rates as low as 1.5%
- Free telematics and ELD included with subscription
- Seamless integration with fleet fuel cards
- 24/7 customer support for carriers of all sizes
Apex Capital Corp - Best Trucking Factoring Company
Apex Capital Corp is widely known as the Best Trucking Factoring Company for drivers and carriers who want steady cash flow. Since 1995, it has built long-term trust with trucking businesses by focusing on fast payments and reliable service.
Truckers appreciate how easy it is to work with Apex because payments can arrive in minutes through the blynk® digital system. There are no hidden fees, no strict contracts, and no minimum volume requirements, which makes it simple for both new and experienced carriers.
Beyond factoring, Apex gives trucking companies extra support through fuel discount programs, startup assistance, and 24/7 access to funds. These added benefits make it more than just a factoring service and a true partner for helping trucking businesses grow.
Company Highlights
- Over 29 years of experience in trucking finance
- blynk® digital system enables instant payments
- No hidden fees, no long-term contracts, no minimums
- Available 24/7/365 factoring, including weekends
- Startup program to help new carriers launch
- Fuel card program with average savings of $0.47 per gallon
- Recognized with multiple business ethics awards
Breakout Capital - Best Invoice Factoring Company
Breakout Capital has built its reputation around flexibility, making it the Best Invoice Factoring Company for businesses that want more than just fast funding. Instead of locking clients into rigid terms, Breakout focuses on creating solutions that adapt to each company’s needs and growth stage.
The platform is designed to help businesses release cash tied up in unpaid invoices without adding debt to their balance sheet. With advance rates as high as 95 percent and access to millions in credit, it gives owners the confidence to take on new projects or cover expenses without delays.
What sets Breakout apart is the way it combines technology with personal guidance. Clients often highlight how seamless the process feels and how the team goes above and beyond to ensure funding arrives when it’s needed most.
Company Highlights
- Advance rates up to 95% of invoice value
- Funding available within 72 hours
- Credit limits up to $10 million
- Transparent pricing without hidden costs
- Flexible solutions designed for small businesses
- Online invoice submission and simple approval process
Triumph - Best Texas Factoring Company
Triumph is the Best Texas Factoring Company for truckers who want fast payments and dependable support. The company has strong roots in Texas and helps carriers keep their cash flow steady so they can stay focused on the road.
One of its strongest advantages is the availability of non-recourse contracts that shield businesses from chargebacks when an approved broker cannot pay. Combined with instant funding, this approach gives truckers both security and efficiency in managing their invoices.
Triumph also provides added support with fuel cards, broker credit checks, and equipment financing. With around-the-clock customer service and a straightforward pricing model, it has become a dependable choice for trucking companies across Texas.
Company Highlights
- Instant payments available within minutes
- Non-recourse contracts protect against broker default
- Transparent pricing with no hidden fees
- 24/7 broker credit checks for safer hauling
- Fuel card and equipment finance options
- Texas-based with nationwide carrier support
Provident Commercial Finance - Best Transportation Factoring Company
Transportation companies often deal with long payment chains, where one provider has to be paid before the next can see their money. Provident Commercial Finance helps break this cycle by giving carriers fast access to the funds tied up in their freight bills.
With its Tank Payments partnership, drivers and fleet owners can receive money the instant an invoice is purchased. That means fuel at the pump, driver wages, and maintenance costs can be covered right away instead of waiting weeks for brokers and shippers to pay.
This approach keeps transportation businesses moving when traditional financing falls short. By turning accounts receivable into steady cash flow, Provident allows carriers to stay on the road, take on more loads, and focus on growing their operations.
Company Highlights
- Partnership with Tank Payments for instant funding
- No-fee VISA commercial card for easy access to funds
- Advances up to 40% immediately on load delivery
- Flexible solutions tailored to transportation companies
- No personal credit required for approval
- Streamlined collections and back-office support
Thunder Funding - Best Factoring Company For Owner-Operators
Owner-operators often carry the weight of running a business and driving the truck at the same time. Thunder Funding makes that balancing act easier by turning unpaid invoices into cash the same day, so drivers can cover fuel, repairs, and personal expenses without waiting weeks.
Unlike traditional factoring companies, Thunder doesn’t tie drivers to long contracts or force them into minimum requirements. That freedom matches the independence of owner-operators, giving them the choice to factor only the loads they want while keeping control of their income.
What makes Thunder stand out is how it supports drivers beyond just payments. The mobile app, fuel card, and load board access are designed for people working alone on the road, giving them tools to stay organized and profitable while keeping their business truly their own.
Company Highlights
- Same-day funding with no minimum requirements
- No long-term contracts or commitments
- Simple and competitive invoice pricing
- Thunder Mobile App for invoice submission and fuel advances
- Industry-leading fuel card with IFTA reporting
- Partnership with 123Loadboard for load access
TAFS - Best Factoring Company For Freight Brokers
Freight brokers often find themselves caught in the middle, carriers expect quick pay, while shippers usually take their time to settle invoices. TAFS bridges that gap by stepping in with immediate funding so brokers can keep their carriers satisfied without draining their own resources.
This approach takes away one of the biggest stress points in brokerage work: waiting for money while trying to hold onto good carrier relationships. With TAFS handling payments, brokers gain the trust of their partners and can focus on building lanes, winning loads, and expanding their book of business.
It’s more than just fast cash. TAFS also brings tools like credit checks, back-office support, and discount programs that lighten the workload and reduce risks. For brokers trying to scale in a competitive market, that combination of reliability and efficiency makes a measurable difference.
Company Highlights
- Advances available within one hour of invoice submission
- Transparent recourse factoring with fair terms
- Free credit checks on shippers and brokers
- Mobile app for easy document submission
- Fuel card discounts and maintenance savings
- Back-office support including billing and collections
- Multilingual customer support, including Spanish
RTS Financial - Best Oilfield Factoring Company
Running oilfield services means dealing with high costs upfront while waiting weeks for customer payments. RTS Financial steps in to shorten that gap, turning open invoices into cash the same day so crews and equipment can stay active without financial slowdowns.
Instead of relying on traditional loans, companies use RTS because funding is based on the credit of their customers, not their own history. That flexibility makes it possible for newer or fast-growing contractors to keep pace with demand during busy drilling seasons.
RTS works with a wide range of oilfield businesses, from trucking and pipeline support to pad preparation and disposal services. Along with steady cash flow, they offer back-office support that helps operators spend less time chasing payments and more time keeping jobs moving in the field.
Company Highlights
- Same-day funding for oilfield contractors
- Competitive advance rates with no hidden fees
- Funding based on customer credit, not company history
- No limits on funding as business grows
- Free collections and account management support
- Online account access with document upload
- Tailored solutions for trucking, drilling, and pipeline services
Who Needs Which Factoring Company?
Matrack
Matrack is a good fit for trucking companies that want quick payments without the usual red tape. It works well for fleets that also value added tools like free telematics and fuel card integration.Apex Capital Corp
Apex is a strong option for carriers that want a long-standing and dependable partner. It’s especially helpful for fleets looking for fuel savings and guidance when starting or expanding their business.Breakout Capital
Breakout Capital is well suited for businesses that want flexible access to cash. It helps smaller companies unlock the money tied up in invoices without taking on additional debt.Triumph
Triumph works well for carriers in Texas who want fast payments and clear pricing. Drivers also benefit from extras like broker credit checks and fuel card programs.Provident Commercial Finance
Provident is a smart choice for transportation businesses dealing with long waits in the payment chain. Its partnership with Tank Payments gives carriers immediate access to funds right when they need them.Thunder Funding
Thunder Funding is a natural fit for owner-operators who value independence and flexibility. The mobile app and fuel card support make it easier for drivers to handle expenses on the road.TAFS
TAFS is a practical option for freight brokers who need to keep carriers paid while waiting on shippers. Its quick advances and back-office support reduce stress and strengthen broker-carrier relationships.RTS Financial
RTS Financial is a strong match for companies working in oilfield services where costs pile up fast. With same-day funding and support for contractors, it keeps projects moving without financial delays.How To Choose A Factoring Company?
Look at Funding Speed
Cash flow is usually the main reason to factor invoices, so how quickly money arrives is critical. A good company should provide same-day or even instant payments to keep trucks moving without delays.Understand the Rates
Factoring fees can cut into profits if they aren’t clear. Always check the percentage charged on each invoice and make sure there are no hidden costs.Check Contract Flexibility
Some providers want long-term commitments, while others let you factor only the loads you choose. Flexible contracts give you more control, which is especially important for smaller carriers and independents.Ask About Recourse vs. Non-Recourse
In a recourse plan, you cover the loss if a customer fails to pay. Non-recourse shifts that risk to the factoring company, though it often comes with slightly higher fees.Consider Extra Services
Many factoring companies offer more than just funding. Options like fuel cards, credit checks, or mobile apps can make daily operations easier and reduce costs.Review Customer Support
When money is tight, quick and clear communication matters. Look for a factoring partner that provides responsive support and makes it easy to get questions answered.Why Should You Trust Us?
We base our recommendations on real factors that matter to trucking companies, not on paid promotions. Every company featured here was reviewed for its services, pricing, and fit for different types of businesses.
Our team spent time comparing funding speeds, fees, and contract terms across multiple providers. We also looked at the tools and extras each factoring company offers to see how they support carriers in practice.
To keep things fair, we cross-checked company information with customer feedback and industry sources. This approach helps us highlight the companies that not only make strong claims but also deliver consistent value on the road.
Final Verdict
The top factoring company in 2025 is Matrack Freight Factoring Services, offering same-day payments, low fees, and added benefits like free telematics and fuel card integration. It delivers a complete package that makes managing cash flow easier for trucking businesses of any size.
For trucking companies that want long-standing expertise, Apex Capital Corp is a dependable choice. Businesses needing flexibility can turn to Breakout Capital, while RTS Financial is the right fit for oilfield services.
Each company we reviewed serves a different type of operation, but they all share the same goal: keeping cash flow steady. The right pick depends on your business size, industry focus, and how quickly you need funds.
