Riviera Finance is a freight factoring company that has worked with freight companies for more than 50 years, serving carriers in the US and Canada. Carriers get advances of up to 95% with funding within 24 hours of verification. You choose which invoices to factor, with no monthly minimums and no hidden fees. Riviera runs quick credit checks on customers and offers bad debt protection, taking on the credit risk of the factored invoices.
Quickpay Funding is a freight factoring company for owner-operators, fleets and freight brokers, with more than 90% of its clients in transportation. Its factoring operations run 24/7, including invoice funding, credit checks, fuel advances and live support. Invoices can be funded to a bank account in seconds through Real-Time Payments, even on weekends and holidays. Clients also get carrier packet management, a fuel card program and an online portal.
Single Point Capital is an invoice factoring company based in Humble, Texas, serving carriers in the Houston area, across Texas and nationwide. Trucking companies get paid the same day on their freight bills. Programs include freight factoring, a veterans factoring program, a start-up program and a fuel discount card. The company also offers factoring for freight brokers and the Single Point app.
Truckstop Factoring is freight factoring for carriers from Truckstop, the load board company. Carriers choose which invoices to factor with no volume requirements, flat fees and no reserve accounts. Express funding arrives in minutes, including nights and weekends. Invoices are uploaded through the portal or mobile app, and clients get free broker credit checks and non-recourse options.
Love's Financial is the freight factoring arm of Love's, the travel stop chain, for owner-operators and large fleets. Carriers send invoices with proof of delivery and are paid within 24 hours, generally the same day. Both recourse and non-recourse factoring are offered. Factoring clients can add Love's services such as fuel discounts, a no-fee credit line on the Love's billing program, Love's Truck Care and Speedco, and emergency roadside service.
FactorTek is a freight factoring company based in Miami, Florida, for owner-operators and trucking fleets of every size. Carriers get same-day payments with no long-term contracts and factor only when they need to. Fuel advances are available on a BOL and rate confirmation, along with the TCS Fuel Card. FactorTek also offers non-recourse factoring, broker credit checks and full back-office support from invoicing to collections.
Tetra Capital is a freight bill factoring company based in Draper, Utah, working with transportation companies of all sizes. Carriers can get funds within hours on scanned or faxed paperwork, and setup takes less than five days. There are no long-term contracts, no requirement to factor every load and no extra fees for applications, ACH or termination. Clients also get fuel cards, fuel advances, free credit checks on new customers and an online system to track invoice status.