Freight factoring for trucking companies: get paid for the load now, not in 60 days.
Fuel, payroll and truck payments are due this week. Brokers and shippers pay in 30, 60 or even 90 days. Freight factoring turns delivered loads into cash: 1st Commercial Credit funds 100% of the load minus the fee, with no reserve, and takes the loss if a broker can't pay because it became insolvent.
Daniel Chirino · Business Development Officer, 1st Commercial Credit
Updated: October 28, 2026
Why trucking companies run short of cash
- Fuel is one of the largest costs, and prices move faster than contracts.
- Maintenance, repairs and tires can't wait for a broker to pay.
- Truck and trailer payments or leases are due every month.
- Payroll, insurance, permits and taxes keep coming while loads sit unpaid.
A fleet can be busy and still be short of cash, because every completed load is money you won't see for weeks. When that happens, carriers start turning down loads or reach for a merchant cash advance, which is an expensive way to cover the gap. Factoring is not a loan: you sell the invoice for a load you already delivered, so there's no new debt to pay back.
How freight factoring works
Deliver and upload
Deliver the load and upload the paperwork. 1st Commercial Credit has software for your drivers to upload the bill of lading, and it creates the invoice for you.
Get funded
100% of the load minus the fee, with no reserve. Initial funding within 24 hours, and same-day funding is available.
1st Commercial Credit collects
From the broker or shipper, on its normal terms. Its billing and collections team does the follow-up.
What 1st Commercial Credit offers trucking companies
The offer
- Rates from 1.5% to 3%, depending on the size of your company, your volume and how fast your brokers pay.
- Express account setup in 24 hours.
- Fuel advances of up to 50% of the load value.
- Free broker credit checks, online.
- Free access to a billing and collections team.
- Custom rates for fleets factoring over $100,000 a month.
Non-recourse, in plain words
1st Commercial Credit monitors the credit of the brokers it finances. If a broker fails to pay because it became insolvent, the loss is 1st Commercial Credit's, not yours.
That's the case it covers. Before you sign with any factoring company, ask what happens in every other case, like a disputed load, and get the answer in writing.
Fuel card
Discounts at participating stations, with savings of up to $500 a month per truck according to 1st Commercial Credit. Accepted at 95% of U.S. fuel stations.
Source: 1st Commercial Credit's trucking companies page, read October 28, 2026. Rates and terms are confirmed in writing before you sign.
A real deal
Published by Daniel on LinkedIn. How second position works · See all deals.
When freight factoring is not the answer
- Your brokers and shippers pay on delivery or in under 15 days.
- The load isn't finished or the paperwork is incomplete. Factoring funds completed loads.
- Your receivables are pledged to a bank line of credit. Second position works behind a bank term loan, not behind a line of credit.
- The problem is margin, not timing. If a lane loses money, getting paid faster only loses it faster.
Questions carriers ask me
Is freight factoring a loan?
No. You sell the invoice for a completed load. There's nothing to pay back and no new debt on your books.
How fast can I get the first funding?
The express setup takes 24 hours, and initial funding arrives within 24 hours. Same-day funding is available.
Can I get money for fuel before the load is paid?
Yes. 1st Commercial Credit offers fuel advances of up to 50% of the load value.
I already have an SBA loan. Can I still factor?
Often, yes. If your loan is a term loan, factoring can work in second position behind it. That's how the $350K Texas fleet deal was done.
Who do you haul for?
Tell me which brokers or shippers you work with and how long they take to pay. I'll tell you if factoring makes sense for your fleet.
Also read: how invoice factoring works · factoring behind an SBA loan · oilfield and energy