Factoring
Freight factoring that pays like a credit card — without the debt
Recourse, non-recourse and Pure Non-Recourse™ programs. Unlimited broker credit checks, a fuel-discount QP Card, and money in your account minutes after load verification.
Advance issued
92%
- Load
- LTL · 1,240 mi
- Broker
- Credit approved
- Paid in
- ~15 minutes
- Typical funding
- ~15 min
- Setup time
- Under 24 hrs
Quick answer
What is trucking factoring?
Trucking factoring is selling your freight invoices to a factoring company at a small discount so you are paid in hours instead of the 30–45 days brokers typically take. It is not a loan: no debt is created, approval is based on your customers' credit, and funding scales automatically with your sales.
Standard payment terms in transportation are net 30 days, which means the majority of checks actually arrive between 33 and 45 days. That gap is where good trucking companies get squeezed — fuel, driver pay, leases and insurance do not wait for a broker's accounting department.
QP Trucking Solutions closes that gap. We purchase your receivables, handle all the billing and collection, and advance cash the same day. You get the working capital of a big fleet while running the truck you actually own.
Included with every program
- Unlimited free broker credit checks
- QP Card with the nation's largest fuel discount network
- Quick Pay options and same-day ACH
- App-based paperwork submission from the cab
- Dedicated account rep who knows your file
How it works
Three steps from load to cash
Factoring should feel invisible. Here is the entire process, end to end.
- 01
Get set up in under 24 hours
Send your authority, insurance certificate, W-9 and customer list. We run credit on your brokers and issue rate agreements the same day.
- 02
Deliver, send, get funded
Haul the load, snap the paperwork in the QP app, and watch funds land on your QP Card or in your bank account, usually within minutes of verification.
- 03
Stay in control
Billing, collections and follow-up are ours. You keep the flexibility: no minimums, no long-term contract, factor exactly what you choose.
- No hidden fees
- Flat, disclosed rates
- No long-term contract
- Fund what you want
- Billing & collections included
- 24/7 client portal
Compare
Which factoring program fits your risk tolerance?
Chargebacks are rare but expensive. Most new carriers cannot absorb a $10,000–$15,000 shortfall early in business — that is exactly the risk Pure Non-Recourse™ removes.
| Feature | Recourse | Non-Recourse | Pure Non-Recourse™ |
|---|---|---|---|
| Cost | Lowest fee | Discounted rate | Flat, disclosed fee |
| Broker credit risk | Carried by you | QP carries default | QP carries everything |
| Bankruptcy protection | None | Inside 60–90 day window | No time limit |
| Chargeback exposure | Yes — buyback | Window-limited | Zero on qualifying loads |
| Best for | Strong brokers, cash reserves | Fleets wanting protection cheaper | New authorities & tight reserves |
Not sure which is right? Our specialists will quote both and show you the arithmetic — no pressure.
Factoring FAQ
Freight factoring questions, answered
Everything carriers ask before they sign — fees, paperwork, credit checks and how fast money moves.
You deliver the load and send the rate confirmation and proof of delivery. We verify the load, credit-check the broker for free, invoice your customer for you, and advance funds — typically within minutes on a QP Card or by ACH.
If your brokers are strong and you keep a cash cushion, recourse factoring is the cheapest. If you want bankruptcy protection, standard non-recourse fits. If you cannot absorb a $10,000–$15,000 chargeback, Pure Non-Recourse™ is the safest program we offer.
No. QP has no minimums and no long-term contract. Factor one invoice or every invoice — you can pause, scale up or leave at any time without penalty.
Yes, and it is free and unlimited. Before you commit your truck, QP reports the broker's credit limit and payment history so you can decline weak customers instead of financing them.
A legible rate confirmation plus a signed bill of lading or proof of delivery. Snap both with the QP app from the cab and the documents reach our funding desk instantly.
No. Factoring is the sale of an asset — your receivable — not borrowing, so it does not appear as debt on your balance sheet and it is approved on your customers' credit rather than yours.
Pair it with
Factoring works better with the rest of the QP stack
One vendor, one file, fewer places for money to get stuck.
- Explore
Trucking Insurance
Liability, cargo, bobtail and physical damage coverage built for owner-operators and fleets — bound quickly, priced right.
- Explore
New Authority
Permits, licenses and fees handled end to end so your MC number goes active without paperwork slowing you down.
- Explore
Drug & Alcohol
Clearinghouse-compliant drug and alcohol program enrollment with testing, random pools and records handled.
- Explore
DOT Binder
Every document a DOT officer, broker or auditor asks for — organized in one binder, PDF or printed.
Factoring · next step
See your factoring rate today
Tell us your monthly volume and the brokers you haul for. We will quote a flat rate the same business day — no application fee, no obligation.