TruckSmarter Logo Asphalt Grey Footer

TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Blue Ridge Bank, N.A, Member FDIC. Deposits are FDIC-insured through Blue Ridge Bank, N.A., Member FDIC. The TruckSmarter Visa Debit Card is issued by Blue Ridge Bank, N.A., Member FDIC, pursuant to a license from Visa USA Inc. Your funds are FDIC insured up to $250,000 through Blue Ridge Bank, N.A.; Member FDIC.

*Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.

make more

Factoring resources

New to factoring?

Stuck in a contract

Stuck in a contract

How to switch factoring companies

How to switch factoring companies

Pros & cons of factoring

Pros & cons of factoring

make more

Factor with TruckSmarter

Factor with TruckSmarter

Interested in simple, transparent factoring? Contact us!

Interested in simple, transparent factoring? Contact us!

Factor with us

Factor with us

Stuck in a freight factoring contract?

Don’t worry, we can help you out of it. Switching factoring companies can be complicated, but our team will walk you through the process.

TruckSmarter Factoring

vs. OTR Factoring

TruckSmarter Factoring vs.

OTR Factoring

Choosing a freight factoring company–whether you already factor elsewhere or are new to the whole idea–is a big deal. We’re here to help you make the right decision for your trucking business.

Choosing a freight factoring company–whether you already factor elsewhere or are new to the whole idea–is a big deal. We’re here to help you make the right decision for your trucking business.

Factor with us

Learn more about TruckSmarter Factoring

TruckSmarter Factoring vs. OTR Factoring

Choosing a freight factoring company–whether you already factor elsewhere or are new to the whole idea–is a big deal. We’re here to help you make the right decision for your trucking business.

Factor with us

Why choose
TruckSmarter Factoring?

Size doesn’t matter

No long-term contracts

Simple, fast payment

make more

Size doesn’t matter

Size doesn’t matter

Size doesn’t matter

Whether you have a truck or a fleet you get one flat factoring rate and you always get non-recourse protection.

Whether you have a truck or a fleet you get one flat factoring rate and you always get non-recourse protection.

Whether you have a truck or a fleet you get one flat factoring rate and you always get non-recourse protection.

Invoice

Invoice

Invoice

2.5%

make more

Call Support

Call Support

No long-term contracts

No long-term contracts

No long-term contracts

If you decide we’re not a good fit, just give us 30 days notice! We won’t trap you into a contract or charge you to leave.

If you decide we’re not a good fit, just give us 30 days notice! We won’t trap you into a contract or charge you to leave.

If you decide we’re not a good fit, just give us 30 days notice! We won’t trap you into a contract or charge you to leave.

make more

Simple, fast payment

Simple, fast payment

Simple, fast payment

We offer one streamlined way to get paid fast–in an average of 2.9 hours. No maze of options with hidden fees. Just one easy system.

We offer one streamlined way to get paid fast–in an average of 2.9 hours. No maze of options with hidden fees. Just one easy system.

We offer one streamlined way to get paid fast–in an average of 2.9 hours. No maze of options with hidden fees. Just one easy system.

INVOICE AMOUNT

$7,212.24

Paid

make more

Feature

30-day contracts

Non-recourse protection

One payment method

Payment on weekends and holidays

Cash back debit card

Interest-bearing account

Fuel Discounts

Advances

ACH fees

Transfer fees

Instant transfers

Zero monthly minimums

Free load board

Free broker credit checks

Extraordinary customer service

1%

Coming soon!

$0

$15 fee for wires

Sometimes

.25%

$3 fee

$30 fee for wires

make more

TruckSmarter is the best factoring company out there — it’s simple, straightforward, and I often get paid in less than 20 minutes.

TruckSmarter is the best factoring company out there — it’s simple, straightforward, and I often get paid in less than 20 minutes.

TruckSmarter is the best factoring company out there — it’s simple, straightforward, and I

often get paid in less

than 20 minutes.

TruckSmarter is the best factoring company out there — it’s simple, straightforward, and I

often get paid in less

than 20 minutes.

– Ken T.

– Ken T.

Why choose
TruckSmarter Factoring?

Size doesn’t matter

No long-term contracts

Simple, fast payment

Why choose
TruckSmarter Factoring?

Why choose
TruckSmarter Factoring?

Size doesn’t matter

Size doesn’t matter

No long-term contracts

No long-term contracts

Simple, fast payment

Simple, fast payment

make more

Feature

Freedom from long-term contracts

Flat rate

Guaranteed non-recourse protection

One payment method

Payment on weekends and holidays

Cash back debit card

Interest-bearing account

Fuel Discounts

Advances

ACH fees

Transfer fees

Instant transfers

Zero monthly minimums

Free load board

Free broker credit checks

Extraordinary customer service

Annual contracts


Requires 60 days notice ahead of your contract end date or you’ll incur a fee. Fee amount depends on time left on your contract and monthly volume


Depends on the size of your company.


Min 2.75% for recourse factoring for a single-truck company


Min 3% for non-recourse starts for a single-truck company


Larger companies can get lower rates


Depends on which program you choose. 


For a higher rate, you can get True Non-recourse protection


Several methods to choose from, each with various fees.


Do they pay more?

.25% cash back

$3 fee

$30 fee for wires

$25 Bolt payment

Just give us 30 days notice!

Whether you have a truck or a fleet you pay the same 2.5% rate.

You’re always covered with TruckSmarter.

Our unique banking system allows us to pay carriers in under 3 hrs directly to a TruckSmarter Checking Account. Easy, no hidden fees. 


Plus, you get our free suite of banking tools that include extra discounts off fuel, a 1% cash back debit card, and more.

Don’t wait to get paid, even if it’s a weekend or bank holiday.

1% unlimited cash back

Coming soon!

Fuel discounts in the app. Extra 10 cents/gal for factoring users

Up to 50% of the load directly to TruckSmarter account available to spend on anything

$0

$15 fee for wires

Coming soon!

TruckSmarter Logo Asphalt Grey Footer

*TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC and Blue Ridge Bank, N.A, Member FDIC. Deposits are FDIC-insured through Thread Bank and Blue Ridge Bank, N.A., Members FDIC. The TruckSmarter Visa Debit Card is issued by Thread Bank and Blue Ridge Bank, N.A., Members FDIC, pursuant to a license from Visa USA Inc. Your funds are FDIC insured up to $250,000 through Thread Bank and Blue Ridge Bank, N.A.; Member FDIC.

**Annual Percentage Yield (APY) of 3.27% is effective as of 11/01/2023. This is a variable rate and may change after the account is opened. Minimum opening deposit is $100 and you must maintain an average balance of $1,000 to earn the stated Annual Percentage Yield. Fees could affect earnings on the account. TruckSmarter is a financial technology company and is not a bank. Banking services provided by Blue Ridge Bank, N.A or Thread Bank, Members FDIC. ; Member FDIC. The TruckSmarter Visa® Debit Card is issued by Blue Ridge Bank, N.A. and Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions regarding the sweep program.

****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.

TruckSmarter Logo Asphalt Grey Footer

*TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC and Blue Ridge Bank, N.A, Member FDIC. Deposits are FDIC-insured through Thread Bank and Blue Ridge Bank, N.A., Members FDIC. The TruckSmarter Visa Debit Card is issued by Thread Bank and Blue Ridge Bank, N.A., Members FDIC, pursuant to a license from Visa USA Inc. Your funds are FDIC insured up to $250,000 through Thread Bank and Blue Ridge Bank, N.A.; Member FDIC.

**Annual Percentage Yield (APY) of 3.27% is effective as of 11/01/2023. This is a variable rate and may change after the account is opened. Minimum opening deposit is $100 and you must maintain an average balance of $1,000 to earn the stated Annual Percentage Yield. Fees could affect earnings on the account. TruckSmarter is a financial technology company and is not a bank. Banking services provided by Blue Ridge Bank, N.A or Thread Bank, Members FDIC. ; Member FDIC. The TruckSmarter Visa® Debit Card is issued by Blue Ridge Bank, N.A. and Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions regarding the sweep program.

****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.

TruckSmarter Logo Asphalt Grey Footer

*TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC and Blue Ridge Bank, N.A, Member FDIC. Deposits are FDIC-insured through Thread Bank and Blue Ridge Bank, N.A., Members FDIC. The TruckSmarter Visa Debit Card is issued by Thread Bank and Blue Ridge Bank, N.A., Members FDIC, pursuant to a license from Visa USA Inc. Your funds are FDIC insured up to $250,000 through Thread Bank and Blue Ridge Bank, N.A.; Member FDIC.

**Annual Percentage Yield (APY) of 3.27% is effective as of 11/01/2023. This is a variable rate and may change after the account is opened. Minimum opening deposit is $100 and you must maintain an average balance of $1,000 to earn the stated Annual Percentage Yield. Fees could affect earnings on the account. TruckSmarter is a financial technology company and is not a bank. Banking services provided by Blue Ridge Bank, N.A or Thread Bank, Members FDIC. ; Member FDIC. The TruckSmarter Visa® Debit Card is issued by Blue Ridge Bank, N.A. and Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions regarding the sweep program.

****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.

TruckSmarter Logo Asphalt Grey Footer

*TruckSmarter is a financial technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC and Blue Ridge Bank, N.A, Member FDIC. Deposits are FDIC-insured through Thread Bank and Blue Ridge Bank, N.A., Members FDIC. The TruckSmarter Visa Debit Card is issued by Thread Bank and Blue Ridge Bank, N.A., Members FDIC, pursuant to a license from Visa USA Inc. Your funds are FDIC insured up to $250,000 through Thread Bank and Blue Ridge Bank, N.A.; Member FDIC.

**Annual Percentage Yield (APY) of 3.27% is effective as of 11/01/2023. This is a variable rate and may change after the account is opened. Minimum opening deposit is $100 and you must maintain an average balance of $1,000 to earn the stated Annual Percentage Yield. Fees could affect earnings on the account. TruckSmarter is a financial technology company and is not a bank. Banking services provided by Blue Ridge Bank, N.A or Thread Bank, Members FDIC. ; Member FDIC. The TruckSmarter Visa® Debit Card is issued by Blue Ridge Bank, N.A. and Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions regarding the sweep program.

****Terms and conditions apply to the TruckSmarter cash back rewards program. Please see Program Terms for details.

make more

Feature

Freedom from long-term contracts

Flat rate

Guaranteed non-recourse protection

One payment method

Payment on weekends and holidays

Cash back debit card

Interest-bearing account

Fuel Discounts

Advances

ACH fees

Transfer fees

Instant transfers

Zero monthly minimums

Free load board

Free broker credit checks

Extraordinary customer service

Annual contracts


Requires 60 days notice ahead of your contract end date or you’ll incur a fee. Fee amount depends on time left on your contract and monthly volume


Depends on the size of your company.


Min 2.75% for recourse factoring for a single-truck company


Min 3% for non-recourse starts for a single-truck company


Larger companies can get lower rates


Depends on which program you choose. 


For a higher rate, you can get True Non-recourse protection


Several methods to choose from, each with various fees.


Do they pay more?

.25% cash back

$3 fee

$30 fee for wires

$25 Bolt payment

Just give us 30 days notice!

Whether you have a truck or a fleet you pay the same 2.5% rate.

You’re always covered with TruckSmarter.

Our unique banking system allows us to pay carriers in under 3 hrs directly to a TruckSmarter Checking Account. Easy, no hidden fees. 


Plus, you get our free suite of banking tools that include extra discounts off fuel, a 1% cash back debit card, and more.

Don’t wait to get paid, even if it’s a weekend or bank holiday.

1% unlimited cash back

Coming soon!

Fuel discounts in the app. Extra 10 cents/gal for factoring users

Up to 50% of the load directly to TruckSmarter account available to spend on anything

$0

$15 fee for wires

Coming soon!

Products

Partners

Pricing

Resources

Company

Log in

Sign up

Feature

Freedom from long-term contracts

Flat rate

Guaranteed non-recourse protection

One payment method

Payment on weekends and holidays

Cash back debit card

Interest-bearing account

Fuel Discounts

Advances

ACH fees

Transfer fees

Instant transfers

Zero monthly minimums

Free load board

Free broker credit checks

Extraordinary customer service

Annual contracts

Requires 60 days notice ahead of your contract end date or you’ll incur a fee. amount depends on time left on your contract and monthly volume.

Depends on the size of your company.

Min 2.75% for recourse factoring for a single-truck company

Min 3% for non-recourse starts for a single-truck company

Larger companies can get lower rates.

Depends on which program you choose. 

For a higher rate, you can get True Non-recourse protection.

Several methods to choose from, each with various fees.

Do they pay more?

.25% cash back

$30 fee for wires

$25 Bolt payment

Just give us 30 days notice!

Whether you have a truck or a fleet you pay the same 2.5% rate.

You’re always covered with TruckSmarter.

Our unique banking system allows us to pay carriers in under 3 hrs directly to a TruckSmarter Checking Account. Easy, no hidden fees. 


Plus, you get our free suite of banking tools that include extra discounts off fuel, a 1% cash back debit card, and more.

Don’t wait to get paid, even if it’s a weekend or bank holiday.

1% unlimited cash back

Coming soon!

Fuel discounts in the app. Extra 10 cents/gal for factoring users

Up to 50% of the load directly to TruckSmarter account available to spend on anything

$0

$15 fee for wires

Coming soon!

Factoring resources

New to factoring?

Stuck in a contract

How to switch factoring companies

Pros & cons of factoring

make more

Feature

30-day contracts

Non-recourse protection

One payment method

Payment on weekends and holidays

Cash back debit card

Interest-bearing account

Fuel Discounts

Advances

ACH fees

Transfer fees

Instant transfers

Zero monthly minimums

Free load board

Free broker credit checks

Extraordinary customer service

Sometimes

.25%

$3 fee

$30 fee for wires

1%

Coming soon!

$0

$15 fee for wires