The freight and delivery industry in 2025 operates at a pace where time directly affects profitability.

Every delivery fleet depends on steady cash flow to keep operations running efficiently.

Many fleets face payment delays that extend for weeks or months, disrupting business rhythm. Freight factoring solves this by converting unpaid invoices into immediate cash, ensuring stability and predictable revenue.

With several providers in the market, choosing the right partner is critical for growth. The top six companies in 2025, starting with Routiqo, deliver reliable funding, transparent pricing, and strong financial support for delivery operations.

6 Best Freight Factoring Companies For Delivery Fleets In 2025

1. Routiqo – Best Overall Factoring for Fleets and Owner-Operators

Routiqo offers premium freight factoring designed for owner-operators and delivery fleets. It delivers competitive 1.75% rates, 24-hour funding, and free ELD devices for compliance and savings.

Why Routiqo Leads in 2025

Routiqo leads because it merges financial reliability with advanced technology integration. Its partnership with Matrack enables GPS tracking, HOS monitoring, and automated invoice verification.

Core Features

• Factoring Rate: 1.75% starting rate
• Advance Rate: Up to 98%
• Funding Speed: 24 hours or same-day
• Approval Rate: 99%
• Non-Recourse: Available for qualified carriers
• Free ELD Device: Included with active factoring
• Fuel Advance: Up to 50% of load value
• Portal Access: Online and mobile 24/7 management

Advantages for Delivery Fleets

Routiqo guarantees steady cash flow with transparent pricing and zero hidden fees. Dedicated account managers ensure every fleet receives direct, personal support.

Limitations

MC verification and active insurance are required before approval. Free ELD eligibility applies only to factoring customers.

Ideal For

Owner-operators and delivery fleets needing the fastest payouts, lowest rates, and integrated compliance tools. Routiqo provides the most complete factoring experience for 2025.

2. Matrack Factoring

Matrack Factoring operates under Matrack Inc., a leader in GPS tracking and ELD compliance technology. It extends its expertise into finance with factoring services tailored for small and mid-sized fleets.

Why Matrack Factoring Leads in 2025

Matrack integrates telematics, proof-of-delivery data, and same-day funding in one system. Verified GPS data improves invoice accuracy and speeds up payment release.

Core Features

• Advance Rate: Up to 97%
• Funding Speed: Same-day via ACH or wire
• Integration: Linked with Matrack’s GPS and ELD system
• Non-Recourse: Available for qualified carriers
• Fuel Advance: Up to 50% of load value
• Dashboard: Centralized portal for tracking and analytics

Advantages for Delivery Fleets

Matrack reduces manual processing through automation connected to tracking tools. Transparent pricing and fuel card support enhance operational consistency.

Limitations

The service supports fleets using Matrack ELD or GPS systems. Non-recourse applies only to financially strong carriers.

Ideal For

Fleets within Matrack’s ecosystem seeking unified financial and compliance management. Matrack’s automation keeps cash flow predictable and efficient.

3. Triumph Business Capital

Triumph Business Capital has remained a trusted name in freight factoring since 2004. It focuses on dependable funding, digital efficiency, and responsive customer service.

Key Strengths

Triumph’s 24–48 hour setup ensures quick onboarding for new clients. The TriumphGO mobile app allows real-time invoice submission from anywhere.

• Advance Rate: 96%
• Funding Speed: 24–48 hours
• Non-Recourse: Available for approved accounts
• Contracts: Month-to-month flexibility
• Support: Dedicated account managers

Advantages

Triumph’s reliability and transparency simplify financial planning for fleets. Its experience ensures consistent cash flow and minimal risk.

Limitations

Smaller fleets pay slightly higher fees due to lower invoice volume. Fuel advances are available only for selected clients.

Ideal For

Mid-sized fleets seeking dependable long-term partnerships. Triumph balances stability with efficient service delivery.

4. OTR Capital

OTR Capital provides a technology-first factoring platform for modern fleets. It integrates dispatch tools, ELDs, and load boards for faster billing and automation.

Core Features

OTR Capital delivers 24/7 digital funding and flexible contracts. Its automated workflows reduce errors and administrative delays.

• Advance Rate: 94–96%
• Contract Type: No long-term commitment
• Non-Recourse: Based on credit profile
• Extras: Fuel cards and load board partnerships

Advantages

OTR Capital accelerates payments while improving operational visibility. Its digital integrations allow scaling fleets to process invoices efficiently.

Limitations

Non-recourse terms depend on credit quality. Some plans require a minimum monthly invoice volume.

Ideal For

Rapidly expanding fleets needing tech-driven automation and flexibility. OTR Capital’s software integration supports multi-driver operations seamlessly.

5. RTS Financial

RTS Financial combines over three decades of transportation finance experience with strong fuel discount programs. It operates within the RTS Carrier Services network for comprehensive fleet support.

Key Strengths

RTS Financial offers predictable factoring and fuel savings under one system. The RTS Pro app provides instant access to invoices and account analytics.

• Advance Rate: Up to 95%
• Funding Speed: 24–48 hours
• Non-Recourse: Limited availability
• Extras: Fuel card savings and expense tools

Advantages

RTS delivers consistent performance backed by years of industry trust. Its bundled services lower costs and stabilize cash flow.

Limitations

Its user interface is less modern than newer competitors. Smaller fleets may experience slightly slower setup times.

Ideal For

Established fleets valuing experience and personal relationships. RTS ensures long-term stability and clear communication.

6. 1st Commercial Credit (1CC)

1st Commercial Credit simplifies factoring for small or startup fleets. Its quick setup and flexible policies create an entry-level solution with low costs.

Key Strengths

1CC offers same-day approvals and zero minimum volume requirements. It provides optional non-recourse factoring for high-credit operators.

• Advance Rate: 90–95%
• Funding Speed: 24 hours
• Contracts: No long-term terms
• Extras: Fuel advances and quick pay options

Advantages

1CC’s straightforward process enables consistent payments without restrictive conditions. Fleets maintain financial flexibility with no cancellation penalties.

Limitations

Manual uploads may slow down invoice verification. Its platform lacks advanced automation compared to larger providers.

Ideal For

Small and medium fleets entering freight factoring for the first time. 1CC offers an accessible way to stabilize cash flow quickly.

Comparison Chart: Freight Factoring Companies For 2025

Company	Advance Rate	Funding Speed	Contract Flexibility	Non-Recourse	Tech Platform	Best For
Routiqo	Up to 98%	24 hours	No long-term	Yes	Online & mobile portal with free ELD	Best overall for all fleet sizes
Matrack Factoring	Up to 97%	Same-day	Month-to-month	Yes	Integrated with GPS & ELD	Fleets using Matrack systems
Triumph Business Capital	96%	24–48 hours	Month-to-month	Yes	TriumphGO mobile app	Mid-size fleets
OTR Capital	94–96%	24 hours	No long-term	Yes	Automated factoring app	Growing fleets
RTS Financial	95%	24–48 hours	Flexible	Limited	RTS Pro platform	Reliable fleets seeking stability
1st Commercial Credit	90–95%	24 hours	No minimums	Optional	Online portal	Small or startup fleets

How To Choose the Right Factoring Partner For Your Fleet?

Identify Your Average Invoice Cycle

Start by understanding your billing rhythm. Knowing how long it takes your customers to pay, typically 30 to 60 days, helps determine how much factoring support your fleet truly needs.

Evaluate Technology Integration

A strong factoring partner uses reliable digital systems that simplify invoice uploads, tracking, and approvals. Integrated platforms reduce errors, speed up funding, and keep back-office processes organized.

Assess Total Cost

Always look at the complete cost structure rather than just the headline rate. Compare factoring fees, administrative charges, and transaction deductions to understand the real impact on your margins.

Review Contract Terms

Short-term or flexible contracts are better suited for fleets with variable delivery volumes. Avoid long-term commitments that restrict operational freedom or charge high termination penalties.

Check Funding Speed

Prompt funding ensures steady cash flow for fuel, maintenance, and payroll. Choose a factoring partner that consistently releases payments within 24 hours of invoice approval.

Confirm Customer Support Availability

Strong customer support is vital when invoices or payment records need quick clarification. A responsive service team can save time, prevent disputes, and maintain consistent financial operations.

Understand Non-Recourse Conditions

Non-recourse factoring shifts credit risk away from your fleet. Before signing, review the terms carefully and confirm how the company handles unpaid invoices or shipper defaults.

Final Verdict

Freight factoring remains essential for maintaining financial stability in 2025. Dependable funding keeps trucks moving, drivers paid, and operations consistent.

Each company in this list offers tailored advantages for specific fleet needs. Routiqo leads with lowest industry rates, fastest funding, and complete transparency backed by free ELD compliance.

Choosing the right factoring partner ensures predictable cash flow and sustainable growth. When funding stays reliable, delivery fleets operate with confidence and expand without financial interruption.

Frequently Asked Questions

What is freight factoring, and how does it help delivery fleets?

Freight factoring is a financial service where a factoring company buys a fleet’s unpaid invoices for immediate cash. This process converts money that would be tied up for weeks into instant working capital. It helps delivery fleets maintain steady money flow to cover fuel, payroll, and maintenance.

What is the most important financial detail to check besides the factoring rate?

You must assess the total cost structure, not just the low headline rate. Always compare factoring fees, any administrative charges, and transaction deductions. These added costs determine the real impact on your profit margins, so understanding them prevents financial surprises.

How quickly can a fleet expect to receive payment using a top factoring company?

Top factoring companies like Routiqo aim to provide very rapid funding, often within 24 hours of invoice approval. Same-day funding is also available from some providers, such as Matrack Factoring. Fast funding is essential for ensuring your fleet can meet its immediate operating expenses.

What does non-recourse factoring mean for a freight business?

Non-recourse factoring is a valuable feature that shifts credit risk away from your fleet. If a shipper defaults or cannot pay an approved invoice, the factoring company absorbs that financial loss. You should carefully review the terms, as it may only apply to carriers who meet specific credit standards.

Why is technology integration important when choosing a freight factoring service?

Technology integration simplifies the entire payment and compliance process for your fleet. Platforms that link to GPS tracking and ELD compliance, like Routiqo and Matrack, reduce manual work and speed up invoice verification. This automation minimizes back-office errors and speeds up your funding.

Will a long-term factoring contract provide more financial stability for my fleet?

Not necessarily, as flexible or short-term agreements are often better for business freedom. Longer contracts might charge high penalties if your delivery volume changes or if you wish to exit the agreement. Fleets with changing volumes should prioritize partners offering month-to-month contracts.

What is the advantage of using a factoring company that provides a free ELD device?

A free Electronic Logging Device (ELD), offered by a company like Routiqo, saves your fleet upfront costs on compliance technology. Crucially, the ELD data also helps automated invoice verification. This integration ensures accurate billing and speeds up the release of your funds.

What type of fleet is best suited for a service like 1st Commercial Credit (1CC)?

1st Commercial Credit is ideal for small or startup delivery fleets entering freight factoring for the first time. It offers an accessible solution with low costs and no minimum volume requirements. This straightforward process helps new businesses quickly stabilize their money flow without restrictive terms.

How does predictable cash flow impact the long-term growth of a delivery fleet?

Predictable cash flow allows a fleet to operate smoothly and plan for future expansion. Reliable funding helps cover expenses like vehicle maintenance, which prevents unexpected breakdowns. This financial stability ensures operations are consistent, making growth without financial interruption possible.

Why does a factoring company check if my fleet uses a specific ELD or GPS system?

Some factoring services, such as Matrack, are built to work directly with their own tracking and compliance systems. Utilizing these integrated tools ensures the proof-of-delivery data is immediately verified. This internal link reduces manual processing and further speeds up the release of same-day payments.