Get Paid on Loads Within 24 Hours
Turn your invoices into cash. FAST!
Whether you are just getting started or already have a couple of trucks, Triumph can help make sure there are no gaps in your cash flow.
With us, it’s simple: complete the load, send us the load docs, we pay you. That’s it. Let’s talk more about how we’ve helped thousands of owner operators get paid and grow their businesses with invoice factoring.
Learn more about our factoring program below.
What is Freight Factoring?
Freight Factoring is a low-risk cash management solution for trucking companies. You sell your invoices at a small discount and get your money immediately.
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Same Day Funding
You don’t need to wait days and weeks for your money.
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Free Broker Credit Checks
We provide peace of mind for drivers before they accept a load.
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No Minimums. No Reserves
You choose what loads and brokers you want to factor.
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Fuel Advances up to 50%
Get the fuel you need to complete the load.
Freight Factoring vs. Line of Credit
| Freight Factoring | Line of Credit | |
| Cost | Based on volume | Varies bases on collateral |
| Qualification | Very little requirements | Extensive process |
| Approval Time | 2-3 days | Weeks to Months |
| Credit Limit | Flexible | Restrictive |
| Maintenance | Easy | Difficult to Maintain |
| Access to Funds | Easy | Easy |
| Line Increase | Simple and quick | Complicated and slow |
| Collateral | Only accounts receivable as collateral | Usually all company assets |
We’re your team!
Our team of experts is here to walk you through the application process so you can start getting paid!
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An Established Funding Partner
Since 2004, more hundreds of brokers have turned to Triumph to manage their cash flow
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Owned by a Bank
Triumph is an operating subsidiary of a publicly-traded bank. That means oversight, transparency and security for your business.
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Technology
Our payment portal empowers carriers to manage their payment terms and methods.
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Back Office Support
Think of Triumph as an extension of your business. We handle the invoicing, collections and carrier payments, leaving you more time to focus on growing your brokerage.
Factoring services offered by Triumph Financial Services LLC.
Banking services offered by TBK Bank, SSB, Member FDIC.
Insurance offered through Triumph Insurance Group, Inc.,. DBA in California as Triumph Risk and Insurance Solutions. Texas License # 1941647. Insurance products and services not a deposit, not FDIC insured, not guaranteed by the Bank, not insured by any Federal Government Agency and may go down in value.
© 2023 Triumph | 651 Canyon Drive, Suite 105 Coppell, Texas 75019 | (866) 356-0888