invoice factoring for trucking & transportation
Invoice Factoring for Trucking & Transportation businesses. Built for trucking & transportation cash flow.
Invoice factoring converts your unpaid B2B receivables into immediate cash. ICG advances 85–95% of the invoice amount on submission, you receive the remainder (less a small factoring cost) when your client pays.
- Max funding
- $2M facility
- Term
- Per-invoice, ongoing facility
- Time to fund
- Same-day after setup
- Min FICO
- 500+
The short answer
Is Factoring the right fit for Trucking & Transportation businesses?
Factor freight invoices and get paid the day you deliver, not 60 days later.
Last updated 2026-06-24
Why this fit
Common cash-flow gaps in trucking & transportation. Invoice Factoring maps to the ones below.
These are the underwriting realities and operational pressures we see most often in this industry.
Fuel Cost Volatility
Diesel prices spike without warning. When fuel costs jump 30% in a quarter, your margins disappear, but your routes don't. Working capital absorbs the shock.
Repair Emergencies
A blown transmission on a Class 8 truck is a $15K–$25K bill that can't wait. Every day that truck sits is revenue lost.
Freight Broker Payment Delays
Freight brokers pay net-30 to net-60. You delivered the load last month. Your fuel bill is due today. Factoring solves this permanently.
Representative scenario
What a typical trucking & transportation invoice factoring looks like. Numbers below are illustrative.
Your actual offer depends on your bank statement history, time in business, credit profile, and existing debt.
Rates vary by applicant. Representative example only.
Qualification
What we look for in trucking & transportation files. Underwriting, in plain language.
- Minimum 6 months operating as a trucking/transportation company
- $15,000+ monthly revenue
- 500+ personal credit score
- Active MC authority and USDOT number
Other ICG products for trucking & transportation
Not the right fit? Here is what else works in your industry.
Common questions
Invoice Factoring for trucking & transportation. Honest answers, no fine print games.
QDo you factor freight invoices same-day?
Yes. Once your factoring facility is set up (3–5 business days), individual invoices can fund same-day, you upload the rate confirmation and BOL, we advance 90% on receipt.
QIs factoring recourse or non-recourse?
Both options are available. Non-recourse is slightly more expensive but we absorb the loss if a qualifying broker defaults on payment.
QCan an owner-operator with one truck qualify?
Yes. Single-truck owner-operators with a valid MC authority and 6+ months of consistent deposits can qualify for both factoring and revenue-based funding.
QCan I use funding to buy another truck?
Equipment financing is the correct product for truck acquisitions, it uses the truck as collateral and offers better terms than a working-capital advance.
QHow much of the invoice do I get upfront?
Advance rates are typically 85–95% of the invoice face value. The exact rate depends on your industry, client credit quality, and invoice aging terms. The reserve is released when your client pays.
QIs this recourse or non-recourse factoring?
Both options are available. Non-recourse factoring is slightly more expensive but ICG absorbs the loss if a qualifying client defaults on payment. Recourse factoring is cheaper but you repurchase unpaid invoices after an aging threshold.
QDo my clients know I'm factoring?
In notification factoring (standard), payments are redirected to a lockbox in ICG's name. Non-notification arrangements are available for established clients on request.
Invoice Factoring for other industries
Where else this works. One product, many verticals.
Ready when you are
Ready to fund your trucking & transportation business? Same-day after setup to fund.
Quick application. Soft credit pull only. Real human review.