Can a trucking business stack OnDeck term loan with TBS factoring?

Yes, and it's a common stack for established fleets. OnDeck term loan handles one-shot capital (truck purchase, repair-shop expansion). TBS factoring handles per-invoice freight cash flow. Disclose the term loan to TBS when signing the factoring contract; it's standard practice. Combined daily/weekly ACH load on OnDeck plus per-invoice factoring fees needs cash-flow modeling — get a fleet accountant or fractional CFO to confirm the combined burden fits.

Does OnDeck fund trucking businesses?

Yes — OnDeck funds trucking with 12+ months TIB, 600+ FICO, $100K+/yr revenue. The term loan and LOC products both work for trucking. Common use cases: truck purchases, trailer fleets, repair-shop equipment, working capital reserves between settlement cycles.

Why pick TBS factoring over OnDeck LOC for trucking working capital?

Two structural reasons: (1) Cash-flow gap — TBS converts invoices to same-day cash, eliminating the NET 30 – 45 day broker payment wait. OnDeck LOC delivers a lump sum you draw against but you're still front-funding the wait between load and broker payment. (2) Fuel card plus broker credit checks — TBS bundles fuel discounts and broker credit infrastructure that an OnDeck LOC doesn't include. For trucking-specific cash flow TBS is the structural fit; OnDeck LOC is a general working-capital tool.

OnDeck vs TBS Factoring Service — honest comparison 2026

Both fund small businesses. They solve different problems. Here's the honest side-by-side, then five use-case verdicts so you don't have to guess.

The specs

OnDeckTBS Factoring Service

Product typeMulti-productMulti-product

Amount range$5K – $400K (term); $6K – $200K (LOC)$500 – $5M+ in invoices factored (no hard cap)

Cost (factor / APR)Term APR 27%+; LOC APR 30%+Factor rate 1.5 – 5% of invoice value (volume-tiered; lower at higher monthly factored volume)

Speed to fundSame-day for approved filesSame-day funding on verified invoices (often within 4 hours)

Min time in business12 months0 months

Min monthly revenue$8,000Volume-based (typically $10K+/mo factored); accepts new-authority MC carriers

Min credit score600+No FICO floor — underwrites against broker / shipper credit, not carrier credit

Products

Term loan
LOC

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

Trucking carrier with steady freight invoices and NET 30+ broker payment terms — Winner: TBS Factoring Service. TBS factoring converts freight invoices to same-day cash without the NET 30 wait. OnDeck term loan or LOC delivers a lump sum but doesn't solve the structural cash-flow gap between load delivery and broker payment.
Established multi-truck fleet wanting a lump-sum loan for equipment or expansion — Winner: OnDeck. OnDeck term loan ($5K – $400K) at 27%+ APR over 24 months is structurally fit for one-shot capital needs (truck purchase, expansion, working capital reserve). Factoring is per-invoice and doesn't fit lump-sum equipment financing.
New-authority MC carrier (0 – 12 months) — Winner: TBS Factoring Service. TBS accepts new-authority MC carriers from day one. OnDeck requires 12+ months TIB. New-authority operations get cash flow from TBS where OnDeck would decline.
Brand recognition and direct-lender trust — Winner: OnDeck. OnDeck is one of the most recognized SMB direct lenders in the U.S. with same-day funding on approved files. For an established fleet wanting a name-brand term loan or LOC, OnDeck's brand reputation matters in vendor and bank conversations. TBS's brand is strong specifically within trucking but less recognized outside the industry.
Cheapest effective rate at scale for ongoing working capital — Winner: TBS Factoring Service. TBS factor rate at 1.5 – 2.5% per invoice on $100K+/mo factored volume equates to 18 – 30% APR-equivalent — comparable to OnDeck's 27%+ APR but with no fixed lump-sum interest burden. For ongoing cash-flow needs against freight invoices factoring is structurally cheaper than an MCA-style OnDeck product.

The honest takeaway

OnDeck 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

Can a trucking business stack OnDeck term loan with TBS factoring?: Yes, and it's a common stack for established fleets. OnDeck term loan handles one-shot capital (truck purchase, repair-shop expansion). TBS factoring handles per-invoice freight cash flow. Disclose the term loan to TBS when signing the factoring contract; it's standard practice. Combined daily/weekly ACH load on OnDeck plus per-invoice factoring fees needs cash-flow modeling — get a fleet accountant or fractional CFO to confirm the combined burden fits.
Does OnDeck fund trucking businesses?: Yes — OnDeck funds trucking with 12+ months TIB, 600+ FICO, $100K+/yr revenue. The term loan and LOC products both work for trucking. Common use cases: truck purchases, trailer fleets, repair-shop equipment, working capital reserves between settlement cycles.
Why pick TBS factoring over OnDeck LOC for trucking working capital?: Two structural reasons: (1) Cash-flow gap — TBS converts invoices to same-day cash, eliminating the NET 30 – 45 day broker payment wait. OnDeck LOC delivers a lump sum you draw against but you're still front-funding the wait between load and broker payment. (2) Fuel card plus broker credit checks — TBS bundles fuel discounts and broker credit infrastructure that an OnDeck LOC doesn't include. For trucking-specific cash flow TBS is the structural fit; OnDeck LOC is a general working-capital tool.