Working capital or factoring bridges the 30–60 days between delivering loads and collecting from brokers, so drivers are paid on time.
Check my optionsTrucking and logistics
Drivers expect to be paid every week, but brokers and shippers often pay in 30 to 60 days. For a growing transport company, each new load widens that gap. Payroll financing options close it so drivers are paid on time without stalling growth.
Amount to request
$85,000.00
Funding range$25K to $5M
*Sample amounts shown. Your actual offer depends on your business and is reviewed before approval.
Net cash, total payback and payment shown before you sign.
Approved files are usually funded the next business day.
A person reviews your revenue, time in business and bank activity, often within hours.
Your file goes to funders that fit it, so offers can be compared.
Fast decisions. Applying takes about 5 minutes.
A short application. A soft credit pull to start.
We review revenue, time in business and bank activity, not just a credit score.
You see the amount, the schedule and the full repayment amount before you sign.
Funding in as little as 24 hours for qualified businesses.
Start by measuring the gap. Add up weekly driver pay, payroll taxes and benefits, then compare it with the cash actually arriving from receivables each week. A company running eight trucks with weekly payroll of $14,000 and average payment terms of 45 days may have more than $80,000 tied up in unpaid invoices at any moment. That is the amount to solve for, not just one week of payroll.
Freight factoring is the most direct tool: you sell delivered-load invoices and receive most of their value within a day or two, so payroll is funded by the loads themselves. Costs are a percentage of each invoice, and approval relies on the broker or shipper credit. Some factoring agreements require you to factor all invoices from a customer, so read the terms.
Revenue-based funding or a merchant cash advance is an alternative when you do not want to factor, or when the need is a one-time spike such as onboarding new drivers for a new contract. It is sized on bank deposits, considers credit from 500 and can fund the next business day, but adds a daily or weekly payment that must fit the weeks with fewer loads.
Whichever tool you use, never let payroll taxes slide to cover wages; tax debts create liens that make every future funding application harder. Ask funders for payment schedules that align with your billing cycle, and keep a reserve once the gap is closed. MFE reaches multiple funders with one application so transport companies can compare.
Here is a one-time advance covering a payroll spike for a new contract. Illustrative numbers.
| Amount funded | $50,000 |
| Factor rate | 1.40 |
| Total payback (amount × factor) | $70,000 |
| Fees deducted at funding (4%) | $2,000 |
| Net cash you receive | $48,000 |
| Weekly payment over 48 weeks | $1,458 |
| Same total as daily debits (~240 business days) | $292/day |
Illustrative numbers only. Your offer depends on your file; always compare net cash and total payback in writing.
| Freight factoring | Ongoing; funded by each load |
| Revenue-based funding | One-time spikes, new contracts |
| Line of credit | Recurring, if you qualify |
| Quick-pay from brokers | Faster payment for a fee |
| Payroll reserve | Built once gap is closed |
Good fit:
Probably not yet:
Commonly through freight factoring, quick-pay programs or short-term funding.
For ongoing gaps, factoring often fits; an advance can suit one-time spikes.
An option where a broker pays faster in exchange for a percentage fee.
Yes, and staying current on payroll taxes is critical for future funding.
Revenue-based options begin at 500; factoring relies on customer credit.
Weekly payroll multiplied by your average payment delay in weeks, roughly.
Example uses for illustration only.
Before you apply:
One secure application. A soft credit pull to start. No obligation to accept an offer.
Apply for Funding