Top 5 Freight Factoring Companies for Owner Operators and Small Fleets
Many finance companies have a minimum volume requirement in their contract, which states how many dollars worth of freight bills you have to process with them in order to be their client, often at least $25,000 to $50,000 per month. Owner operators and small trucking companies who want to save money by only factoring some freight bills can have a difficult time reaching that cutoff, so we’ve created a list of freight factoring companies that have zero or minimal volume requirements and specialize in trucking and transportation.
If you need a step-by-step guide to how freight factoring works, check out our Lazy Factoring Guide.
No Minimum Volume
FactorLoads – Pre-approved customer database. Free NetTrans load board account
Trucking Factoring Group – Trucking support services including gap insurance and driver log auditing
FreightCHECK – Free credit checks online or over the phone
Pay4Freight.com – Free credit checks by phone
Interstate Capital – 24/7 automated credit approval
Advance Business Capital – Online database of 20,000 brokers
Neal Freeman Investments (NFI) – Unlimited free broker/shipper credit checks
1st Commercial Credit - 1st Commercial Credit provides same day funding for trucking companies, no originals needed