What are fuel advance programs in freight factoring?

Fuel advance programs provide 40-50% of the invoice value immediately upon dispatch (before delivery) loaded to a fuel card. This covers fuel costs for the haul. The remaining advance is funded upon delivery confirmation.

Do I have to factor every load?

Most freight factoring companies do not require you to factor every load. You can selectively factor only when you need cash — for example, factoring long-haul loads while collecting directly on local deliveries.

What's the typical factoring rate for a small fleet (5-10 trucks)?

Small fleets factoring $50K-$200K monthly typically pay 2-3.5% per invoice. Volume discounts kick in above $100K/month, and fleets running 20+ loads weekly can negotiate rates as low as 1.5-2%.

Can new carriers with no operating history qualify?

Yes. Freight factoring approval is based on your brokers' and shippers' creditworthiness, not yours. New carriers with active MC authority can often get approved within 24-48 hours of applying.

How do broker credit checks work with factoring?

Most freight factors provide free unlimited credit checks on brokers and shippers. Before accepting a load, you can verify the broker's payment history, credit rating, and average days-to-pay — protecting you from bad-pay brokers.

Published: March 31, 2026·Last updated: May 16, 2026·By Ed Freeman, Capital Advisor — PeerSense

What is the best financing for trucking / freight at 90-95% advance rate LTV?

Trucking factoring advances 90-95% of freight invoices within hours of delivery confirmation. Rates range from 2-5% per invoice, with volume discounts for fleets running 10+ loads per week. Most freight factoring programs include fuel card programs with per-gallon discounts, free broker/shipper credit checks, and a driver-friendly mobile app for submitting invoices from the road.

Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder

Prime: 6.75% 10-Yr Treasury: 4.25% Est. Freight Factoring Range: 2% - 5% per invoiceas of Mar 19, 2026

Trucking / Freight

Invoice Factoring for Trucking & Freight

Owner-operators and small fleets: get 90-95% of your freight invoices funded same day. Includes fuel card programs and broker credit checks. Haul now, get paid now.

Minimum 30-35% equity required. Owner-operators, small fleet owners (1-50 trucks), and freight brokers with consistent load volume.

Discuss Your Trucking / Freight Deal Call (317) 452-6990

KEY TERMS

Deal Parameters at a Glance

LTV Target

90-95% advance rate

Est. Rate Range

2% - 5% per invoice

Term

Per load (15-45 day broker terms)

Recourse

Non-recourse standard

DSCR

N/A — based on broker/shipper credit

Closing Speed

Same day — funded within hours of delivery

Min Loan Size

$500 per invoice

Loan Products

Freight Factoring, Fuel Advance Programs

FIT ASSESSMENT

When Is This the Right Fit?

Freight factoring is built for the trucking industry's unique cash flow challenge: you deliver loads today but wait 30-45 days for broker payment. If fuel costs, truck payments, and driver pay can't wait, factoring converts every delivered load into same-day cash. It's especially critical for owner-operators building their authority who don't yet have cash reserves or bank relationships.

Want the full program overview, current rate sheet, and underwriting matrix? See the Invoice Factoring & ABL guide →

ADVANTAGES

Key Benefits

Funded within hours — submit your BOL and get paid the same day

Fuel card programs with $0.05-0.10/gallon discounts at major truck stops

Free broker and shipper credit checks before you accept loads

No minimum volume requirements with many freight factoring providers

Mobile app submission — factor invoices from the cab of your truck

ALTERNATIVES

Strategic Alternatives

Invoice Factoring — Construction Contractors

If your trucking company primarily hauls for construction projects

Learn more

Equipment Financing — Construction/Heavy

If you need to finance a new truck or trailer rather than fund operations

Learn more

Working Capital Line of Credit

If you have 2+ years in business and prefer a revolving credit facility

Learn more

Frequently Asked Questions

After delivering a load, you submit your bill of lading (BOL) and invoice via mobile app or email. The factoring company verifies delivery, advances 90-95% to your account within hours, then collects from the broker on standard terms.

See Related Rates by Program

PeerSense covers the full commercial capital stack. Rates and structures across our money pages — updated weekly.

SBA 7(a) & 504

5.50–11.75%

Up to $5M acquisition / real estate / equipment, 10% down

See current rates

CMBS Conduit

5.60–7.10%

10-yr non-recourse fixed, $5M–$500M+, fully assumable

See current rates

Bridge Loans

9.00–14.00%

12–36 mo transitional, SOFR + 470-970 bps, 65-75% LTV

See current rates

DSCR Investor

5.95–8.50%

30-yr fixed rental, qualifies on property cash flow

See current rates

Equipment Financing

5.50–12.00%

Loan, lease, SBA 504, vendor, captive — Section 179 eligible

See current rates

Hotel Financing

5.85–11.75%

CMBS + SBA 504 + bridge + PIP across all flags

See current rates

Mezzanine Debt

11.00–18.00%

Subordinate to senior, $1M–$50M, capital stack fill

See current rates

Private Credit

7.80–18.00%

Non-bank flexibility, unitranche, recap, transitional

See current rates

No-Doc CRE

7.50–11.50%

Limited-doc commercial, asset-based underwriting

See current rates

Connect with PeerSense — Direct Capital Advisory

PeerSense pre-underwrites every deal before presenting it to our institutional capital sources. With 500+ lender relationships and live market rate intelligence, we match your trucking / freight deal with the right capital source — right now.

Scan Your Deal (30 sec)Tell Us About Your Deal Call (317) 452-6990

No upfront retainer · Fee at closing only · Complimentary initial consultation

Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated March 2026.

Disclaimer: The information on this page is provided for educational purposes only and does not constitute financial, legal, or investment advice. Rates, terms, and availability are subject to change based on market conditions, property characteristics, and borrower qualifications. The rate ranges cited reflect approximate market pricing as of March 2026 and may not reflect current conditions at the time of reading. PeerSense is a capital advisory firm, not a lender. We do not originate, fund, or service loans. All financing is provided by third-party lenders subject to their own underwriting criteria and approval processes. Borrowers should consult with qualified financial and legal professionals before making any financing decisions.