How we picked
Filtered to trucking-specialty funders + generalist alternatives with strong trucking track records. Ranked by industry experience and fleet-size fit.
Top picks at a glance
| Lender | Best for | Amount | Speed | Min credit | Action |
|---|---|---|---|---|---|
| TBS Factoring | Best invoice factoring for trucking | Per-invoice up to $10,000,000 monthly volume | Same-day funding for verified invoices | Any (TBS underwrites shipper credit, not carrier) | Apply → |
| RTS Financial | Best factoring + fuel card combo | Per-invoice; no formal monthly cap | Same-day funding for verified invoices | Any | Apply → |
| Apex Capital | Best for single-truck owner-operators | Per-invoice; tailored to fleet size | Same-day funding | Any | Apply → |
| OTR Capital | Best non-recourse trucking factoring | Per-invoice; no formal cap | Same-day funding | Any | Apply → |
| Triumph Business Capital | Best for established fleets (5+ trucks) | Per-invoice; tailored to fleet | Same-day funding | Any | Apply → |
| Knight Capital Funding | Best MCA for trucking | $5,000 – $500,000 | 1 – 3 business days | 550+ | Apply → |
| Currency Capital | Best trucking equipment financing | $10,000 – $2,000,000 | Funding in 24 – 72 hours after approval | 600+ | Apply → |
| Credibly | Best generalist MCA for trucking working capital | $5K – $600K | As fast as 4 hours | 550+ | Apply → |
Advertiser disclosure: Fundnode may earn referral fees from funders listed on this page when you apply through us. This does not affect editorial rankings — see our methodology.
Detailed reviews — our 8 picks
#1 · Best invoice factoring for trucking
TBS Factoring
Max amount
Per-invoice up to $10,000,000 monthly volume
Cost
1 – 3% per invoice (recourse)
Speed
Same-day funding for verified invoices
Min credit
Any (TBS underwrites shipper credit, not carrier)
Why we picked it
Largest trucking-specific factoring company. Bundled fuel card, free shipper credit checks, load board integration. Same-day funding on verified invoices.
The strength
One of the largest trucking-specific factoring companies. Built-in fuel card, free credit checks on brokers/shippers, load board integration. Strong fit for owner-operators and small fleets.
The watch-out
Trucking-only. Recourse factoring means you owe the advance back if the shipper doesn't pay. Non-recourse rates higher. Long-term contracts standard — verify exit terms.
Qualifications
0 months
$10,000 in factorable invoices
Any (TBS underwrites shipper credit, not carrier)
#2 · Best factoring + fuel card combo
RTS Financial
Max amount
Per-invoice; no formal monthly cap
Cost
1 – 3% per invoice (varies by volume + recourse type)
Speed
Same-day funding for verified invoices
Min credit
Any
Why we picked it
35+ year track record. Strong fuel card discounts via RTS Fuel Card. Free shipper credit checks. Strong tech platform.
The strength
Trucking factoring with bundled fuel card discounts (RTS Fuel Card). Free shipper credit checks. Strong tech platform — load tracking + invoice management integrated. Established player with 35+ year track record.
The watch-out
Trucking-only. Fuel card requirement may not fit all carriers. Recourse vs non-recourse rate differential is meaningful.
Qualifications
0 months
$10,000 in factorable invoices
Any
#3 · Best for single-truck owner-operators
Apex Capital
Max amount
Per-invoice; tailored to fleet size
Cost
1.5 – 4% per invoice
Speed
Same-day funding
Min credit
Any
Why we picked it
Specifically friendly to 1-3 truck fleets. Lower revenue minimums than larger competitors. Same-day funding.
The strength
Specifically friendly to single-truck owner-operators and very small fleets (1-5 trucks). Lower revenue minimums than competitors. Same-day funding standard.
The watch-out
Higher rates than larger-fleet competitors due to small-deal economics. Fewer tech features than RTS or TBS.
Qualifications
0 months
$5,000+ in invoices
Any
#4 · Best non-recourse trucking factoring
OTR Capital
Max amount
Per-invoice; no formal cap
Cost
1.5 – 3.5% per invoice
Speed
Same-day funding
Min credit
Any
Why we picked it
Strong non-recourse option — OTR takes credit risk on shipper non-payment. Good for carriers worried about shipper bankruptcy.
The strength
Strong non-recourse option — OTR takes the credit risk on shipper non-payment. Good fit for carriers worried about shipper bankruptcy. Free load board (OTR LoadBoard) integration.
The watch-out
Non-recourse premium adds 0.5-1.5% over recourse pricing. Approval more selective on shipper credit.
Qualifications
0 months
$15,000+ in invoices
Any
#5 · Best for established fleets (5+ trucks)
Triumph Business Capital
Max amount
Per-invoice; tailored to fleet
Cost
1 – 3% per invoice
Speed
Same-day funding
Min credit
Any
Why we picked it
Affiliated with Triumph Bancorp (publicly traded) — financial stability stronger than independent factors. Strong tech platform.
The strength
Affiliated with Triumph Bancorp (publicly traded) — financial stability stronger than many trucking-specialty competitors. Strong tech platform. Free shipper credit checks.
The watch-out
Higher minimums than Apex or smaller competitors. Bank-style underwriting can be slower for first-time customers.
Qualifications
6 months
$25,000+
Any
#6 · Best MCA for trucking
Knight Capital Funding
Max amount
$500,000
Cost
Factor 1.24 – 1.45
Speed
1 – 3 business days
Min credit
550+
Why we picked it
Specialty in trucking + construction MCAs — verticals other MCAs avoid. Direct lender, industry-experienced.
The strength
Strong industry focus on trucking and construction — verticals other MCAs avoid. Direct lender relationships.
The watch-out
Industry specialty pricing can be higher than generalist funders. Fewer product options beyond MCA.
Qualifications
6 months
$15,000
550+
#7 · Best trucking equipment financing
Currency Capital
Max amount
$2,000,000
Cost
APR 8 – 22% (varies by equipment + credit)
Speed
Funding in 24 – 72 hours after approval
Min credit
600+
Why we picked it
Strong commercial vehicle program. APR 8-22%. Online application. Section 179 friendly for fleet purchases.
The strength
Equipment-specific financing with strong tech platform. Online application, fast approval. Equipment serves as collateral — lower rates than unsecured MCA equivalents. Strong industries: trucking, construction, manufacturing.
The watch-out
Equipment-only — financed funds must be used for specific equipment purchase. Equipment-as-collateral means default risks the equipment.
Qualifications
6 months
$10,000+
600+
#8 · Best generalist MCA for trucking working capital
Credibly
Max amount
$600K
Cost
Factor 1.11+ (MCA)
Speed
As fast as 4 hours
Min credit
550+
Why we picked it
Works with trucking (many generalists exclude). 550+ credit, 6+ months TIB. Multi-product means more chance of fit beyond MCA.
The strength
March 2026 API V2 + Cloudsquare integration — most modern submission UX in MCA. $3B+ deployed, 60K+ SMBs. Publishes factor rates honestly (starting 1.11 for A-paper).
The watch-out
The 1.11 headline is the A-paper floor; average factor is closer to 1.32. ISO commission terms aren't public.
Qualifications
6 months
$15,000
550+
Frequently asked questions
- Should truckers use factoring or MCA?
- Factoring (TBS, RTS, Apex, OTR) is for ongoing cash flow — get paid immediately on each invoice rather than waiting 30-60 days. MCA (Credibly, Knight Capital) is for one-time capital needs — repair, equipment, expansion. Most trucking businesses use factoring continuously; MCA as needed.
- What's the cheapest funding for owner-operators?
- Invoice factoring is typically cheapest (1-3% per invoice). MCA factor rates equate to 30-80% APR. Equipment financing (Currency Capital, Beacon) 8-22% APR is mid-range. SBA microloans via CDFI lenders can be cheapest at APR 8.49-24.99% but 30+ day timeline.
- Do trucking factoring companies require contracts?
- Most do — TBS, RTS typical 6-24 month contracts. Apex Capital has more flexible terms for owner-operators. Verify exit terms (recourse periods, transition fees) before signing.
- What's the difference between recourse and non-recourse factoring?
- Recourse: if your shipper doesn't pay, you owe the advance back (rates 1-3% per invoice). Non-recourse: factor takes the credit risk (rates 0.5-1.5% higher). Non-recourse is worth the premium for unverified shippers; recourse is fine for established freight relationships.
Related reading
Methodology. Rankings on Fundnode are editorial — we filter our database of 100 funders against the specific use case for this page, then rank by qualifying criteria (transparency, speed, contract terms, customer experience signals). We earn referral fees from some funders when merchants apply via Fundnode; ranking is independent of fee structure. Updated 2026-06-24.