The specs
CrediblyTBS Factoring Service
Product typeMulti-productMulti-product
Amount range$5K – $600K$500 – $5M+ in invoices factored (no hard cap)
Cost (factor / APR)Factor 1.11+ (MCA); APR varies (term)Factor rate 1.5 – 5% of invoice value (volume-tiered; lower at higher monthly factored volume)
Speed to fundAs fast as 4 hoursSame-day funding on verified invoices (often within 4 hours)
Min time in business6 months0 months
Min monthly revenue$15,000Volume-based (typically $10K+/mo factored); accepts new-authority MC carriers
Min credit score550+No FICO floor — underwrites against broker / shipper credit, not carrier credit
Products
- MCA
- Working capital LOC
- Short-term term loan
- Freight factoring (recourse standard, non-recourse optional)
- Fuel card with TA/Petro discounts
- Free broker credit checks
- Dispatch and back-office services
Verdicts by use case
- Owner-operator MC carrier waiting 30 – 60 days for broker payments — Winner: TBS Factoring Service. TBS Factoring is the structural primary option for any trucking carrier with broker-billed loads waiting on 30 – 60 day settlement cycles. Factor invoices at 1.5 – 5% of value, receive same-day funding (often within 4 hours), eliminate the 30 – 60 day cash flow gap that's structurally fatal to single-truck owner-operators. Credibly MCA at factor 1.18 – 1.40 on equivalent capital is materially more expensive than factoring invoices that will be paid anyway. For carriers with broker-billed revenue factoring is structurally the right capital product.
- New-authority MC carrier (0 – 6 months TIB) — Winner: TBS Factoring Service. TBS Factoring accepts new-authority MC carriers with 0 months TIB — underwrites against broker / shipper credit rather than carrier credit or operating history. Credibly's 6-month TIB minimum and $15K/mo revenue floor structurally decline most new-authority single-truck operations. For new-authority trucking TBS is the structural fit; Credibly won't open the file.
- Trucking fleet needing $150K lump sum for equipment downpayment — Winner: Credibly. Factoring advances 70 – 95% of individual invoice value — useful for converting receivables to cash but not for raising lump-sum capital outside of accumulated invoice value. Credibly MCA can fund $150K lump sum against trucking-business bank-deposit history (12+ months TIB, $15K+/mo revenue, 550+ FICO). For lump-sum capital deployments outside factored receivables Credibly is the structural fit.
- Carrier with primarily shipper-direct contracts (not broker-billed) — Winner: Credibly. TBS Factoring specifically underwrites against broker / shipper credit — works best with broker-billed loads where credit risk is on established freight brokers. Carriers with primarily direct-shipper contracts (dedicated routes, contracted shipper relationships) can still factor those invoices but TBS's underwriting model and broker credit check infrastructure are tuned for broker-billed freight. Credibly's bank-deposit underwriting works for any trucking revenue source regardless of customer type.
- Carrier needing supplemental cash flow beyond invoice factoring — Winner: Tie. Carriers can use TBS Factoring as primary cash flow tool (factor invoices for same-day pay) plus Credibly MCA as supplemental capital for equipment, fuel reserves, or expansion. The structural trade: TBS factoring pricing is materially cheaper per dollar of capital than Credibly MCA, but TBS is constrained to invoice value. Credibly fills gaps where factoring ceiling is below capital need. The 2026-06-28 playbook for established trucking fleets: TBS primary, Credibly supplemental.
The honest takeaway
Credibly and TBS Factoring Service solve overlapping but distinct problems. The right choice depends on three things you already know about your business: how fast you need the money, how long you've been operating, and whether the capital need is one-time or recurring.
Frequently asked questions
- I'm a new-authority MC carrier 4 months in — TBS Factoring or Credibly for my first capital event?
- TBS Factoring is structurally the only option in this pair for a new-authority 4-month carrier. Credibly requires 6+ months TIB which you don't have, plus $15K+/mo revenue which may or may not be there yet, plus 550+ FICO which works regardless. TBS underwrites against broker / shipper credit rather than carrier history — your 4-month operating history is structurally irrelevant to TBS's underwriting because the credit risk is on the freight broker (whose credit history is long-established). Factor your first month of broker-billed invoices at 3 – 5% factor rate, receive same-day funding (often within 4 hours of invoice submission), use the cash flow acceleration to bridge to month 6 when more capital options open up. The 2026-06-28 trucking playbook for new-authority carriers: TBS Factoring (or alternatives like Apex Capital with non-recourse default, RTS Financial, OTR Capital with month-to-month contracts) for primary cash flow, build to 12+ months TIB with consistent broker-billed revenue, then evaluate working capital products like Credibly MCA or Bluevine LOC as supplemental capital for equipment, fuel reserves, or expansion.
- My trucking fleet is doing $80K/mo with 20 months TIB — is TBS Factoring or Credibly cheaper for working capital?
- TBS Factoring is structurally cheaper per dollar of capital than Credibly MCA when the capital need can be filled by factoring existing receivables. TBS factor rate 1.5 – 3% on $80K/mo of broker-billed invoices = approximately $1,200 – $2,400/mo in factoring fees in exchange for accelerating 30 – 60 day broker payment to same-day. Credibly MCA at factor 1.22 on $100K = $22,000 in total fees over 9 – 12 month repayment cycle = approximately $1,800 – $2,400/mo in MCA fees for a fixed $100K lump-sum advance. The structural difference: TBS factoring scales with your invoice volume (more revenue = more factoring fees but proportional cash flow acceleration), Credibly MCA is fixed lump sum with fixed total cost regardless of revenue trajectory. For a $80K/mo fleet with consistent broker-billed revenue TBS factoring covers ongoing working capital cheaper than Credibly MCA. Credibly becomes the structural fit when capital need exceeds what factoring can provide (typically lump-sum equipment purchases, expansion capital, fuel-card prefunding for high-volume operations). The 2026-06-28 playbook: TBS primary for cash flow, Credibly supplemental for lump-sum capital events.
- TBS Factoring contracts are 12 – 24 months with termination fees — is that worse than Credibly's no-contract structure?
- Different structural trade, not strictly worse. TBS Factoring contracts typically run 12 – 24 months with termination fees of $500 – $5,000 or remainder of contract minimum — locks the carrier into factoring relationship for stability and pricing tier qualification. Credibly MCA has no factoring contract because it's a one-time advance, but the merchant is locked into daily ACH debit until the advance is fully repaid (typically 9 – 12 months) with no early-payoff discount. The structural comparison: TBS commits the carrier to using TBS as primary factor for 12 – 24 months but allows full flexibility on which loads to factor (factor all, factor selectively, factor none in any given month). Credibly commits the merchant to daily fixed ACH debit until full repayment regardless of revenue fluctuation. For trucking carriers with consistent broker-billed revenue the 12 – 24 month factoring commitment is operationally low-friction because you're using the factor anyway. For carriers uncertain about long-term factoring relationship OTR Capital offers true month-to-month factoring contracts (slightly higher factor rate as the trade for flexibility). The 2026-06-28 framing: TBS contract terms are industry-standard and not structurally onerous for committed factoring users; if month-to-month flexibility is essential consider OTR Capital instead of TBS.