2.5% Freight Factoring

Get instant payments and 1% cash back

Get Started

Keep more of what you make with a 2.5% freight factoring rate and 1% cash back

Get paid instantly upon invoice approval

Stay flexible with no minimums,  no annual contracts—for a truck or a fleet

I’ve been pleasantly surprised with TruckSmarter! The ease of uploading invoices and the speed with which I get paid make it well worth checking out.

Joe Brito
Brito's Trucking & Logistics LLC

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

Ken Tuggle
Tuggle Enterprises LLC

How it works

You’re in control of your money. Once you’ve signed up, get paid on your invoices for a low 2.5% rate in three easy steps.

Submit load details

After delivery, upload your truck load info and paperwork to the app. We’ll generate your invoice!

Get one-day pay

We deposit funds into a fee-free FDIC-insured account* upon approval of your freight invoice.

Spend anywhere

Access money instantly with your TruckSmarter Visa Card to get 1% cash back.

Your funds are FDIC-insured up to $250,000 through Blue Ridge Bank, N.A.; Member FDIC.

Ready to keep more of your hard-earned money?

Learn more from our Chicago-based support team.

How we compare to others

Other companies
Payments terms
Only the big fleets get the best deals.
No matter if you have a truck or a fleet, we want everyone to get the best freight rate possible.
Payout timeline
48 hours
With no payouts over the weekend or on bank holidays.
0 - 24 hours
Get paid almost instantly upon invoice approval.
Hidden fees
Signup fees, ACH fees, invoice upload fees, onboarding fees.
No hidden fees
No hidden fees.
Monthly minimums or penalties if you don't meet the restrictions.
No minimums
We believe freight drivers should do what’s best for their business.
Contract terms
Iron-clad contracts that are almost impossible to cancel.
Flexible contracts mean you can renew with us or move on with just 30 days notice.

Ready to keep more of your hard-earned money?

Apply now, and a member of our Chicago-based Factoring team will be in touch.


What is required to get started?

  1. Download the free TruckSmarter mobile app from the Apple App Store or from Google Play
  2. Create a free TruckSmarter account in-app.
  3. Click on the Money tab at the bottom of the screen.
  4. Complete your factoring application. This should take roughly 5 minutes.*
  5. You’re all set! Our team will review the application and contact you with next steps if we need any additional information or documentation
*If you are currently in a factoring contract and considering switching to TruckSmarter, complete this form. Our Chicago-based team will give you a call and help you navigate.

How quickly may I get paid?

TruckSmarter cardholders may receive payments instantly upon our team approving the invoice upload in their managed bank account.We aim to process every payment as quickly as possible. Our standard is to review and process payments within 24 hours of invoice upload, though 50% of invoices get paid in 2-3 hours during our Monday-Friday business hours.  Should you have a TruckSmarter managed bank account, you will receive payments instantly upon our team approving the invoice upload.

Is there a deadline to get paid on weekends or holidays?

In order to receive same-day payment, your documents and load details will need to be uploaded in the TruckSmarter app no later than 10:00am ET.

What are the benefits of the TruckSmarter Debit Card?

All purchases made through the TruckSmarter debit card receive 1% cash back, effectively making some carriers rates as low as 1.5%. Factoring customers also receive an additional $0.05-$0.10 off per gallon on fuel when they use their TruckSmarter card at any of TruckSmarter’s partnered diesel truck stops across the country. Learn more about fuel at trucksmarter.com/discounts.

How long does it take to get my TruckSmarter Debit Card?

Upon factoring application approval, your debit card will arrive at your mailing address on file within 14 days. Once the debit card arrives, you will need to call 833-333-0417 to activate your card and set your PIN.

What are the fees for transferring money in and out of the TruckSmarter account?

Funds are immediately deposited into carrier accounts and accessible through the app and TruckSmarter debit card, as soon as TruckSmarter purchases your invoice. There are NO fees when securely transferring money in or out, nor is there a fee for 3rd party brokers to securely transfer money directly to your TruckSmarter account. 

Many of our Factoring customers choose to transfer money in to get additional discounts on fuel, get 1% cash back on purchases, and organize their business in one place.

Do I need to have a specific equipment type?

No, we do not have specific equipment type requirements. We most frequently work with dry van, reefer, flatbed, hot shot, and box truck carriers. We have a list of approved brokers and recommend you take a look at our list to see if the approved brokers offer loads for your equipment type.

Do I need to have to own a fleet or meet a specific criteria?

No! We offer 2.5% factoring to all carriers whether you have one truck or a large fleet. There are no minimums for factoring with TruckSmarter, and we do not have a long-term contract as we want you to do what is best for your business.

What if I’m currently in a factoring contract but I want to switch to TruckSmarter?

Our team is happy to walk through a buyout process with you. 

In order to be able to execute on a buyout, we will need an up to date aging report submitted from your current factoring company and written confirmation from your current factoring provider that you are eligible for a contract buyout. If you have this information in hand, please send it to buyouts@smarttruckerllc.com.

If you have any questions about switching Factoring companies, complete the Contact Us form. You can also email factoring@trucksmarter.com or call (207) 309-3397. Our Chicago-based Factoring team can answer your questions live Monday - Friday 8am - 6pm CT. 

What brokers are currently supported?

We have a growing list of approved brokers. We currently factor thousands of brokers, including all the major brokers on the TruckSmarter Load Board. We also factor brokers who are not on our Load Board, as long as they meet our credit score criteria.

What does FDIC-insured mean?

Federal Deposit Insurance Corporation (FDIC) Insured means that the bank account is insured at an institution where deposits are federally protected against bank failure or theft.

Your funds are FDIC-insured up to $250,000 through Blue Ridge Bank, N.A.; Member FDIC.

How can I contact your Factoring Team?

Chicago Support Hours: Monday - Friday 8am - 6pm CT

Phone: 404-738-7125

Email: factoring@trucksmarter.com

TruckSmarter is a financial technology company and is not a bank. Banking services provided by Blue Ridge Bank, N.A.; Member FDIC. The TruckSmarter Visa Debit Card is issued by Blue Ridge Bank, N.A. pursuant to a license from Visa U.S.A. Inc. and can be used anywhere Visa cards are accepted.

Contact Us

Fill out the factoring form below.
We’d love to talk about how we can work together.

Flexible contracts can be terminated within 30 days.
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Our team is here to answer your questions.
Monday - Friday, 10am–6pm EST.

(404) 738-7125

Call toll free. Some charges may apply. Check with your provider.

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