Is TBS Factoring Right for Your Trucking Business?
Cash flow remains one of the biggest challenges in the trucking industry. Many brokers and shippers take weeks to pay invoices. Meanwhile, fuel, maintenance, insurance, and payroll expenses continue to grow.
Because of these delays, many owner-operators and fleet owners use freight factoring to maintain healthy cash flow.
TBS Factoring offers same-day payments, fuel cards, compliance support, and additional business services designed for trucking companies.
To evaluate its value, we examined TBS Factoring’s services, researched customer feedback, and compared its features with industry standards. This review explains the company’s strengths, limitations, and key benefits to help you decide whether it suits your business.
Quick Answers
TBS Factoring helps owner-operators and trucking fleets improve cash flow with same-day funding, freight factoring, fuel advances, and fuel card programs. Its services include the TBS Get Paid app, VeriFast GPS load verification, invoice management, compliance support, and EFS and Comdata fuel cards with discounts.
With more than 50 years of industry experience, TBS offers flexible factoring solutions that reduce paperwork and simplify financial management. While some users mention occasional paperwork delays, many praise the company’s responsive customer service and easy funding process. Overall, TBS Factoring is a reliable option for trucking businesses seeking faster payments, better cash flow, and efficient fleet financial management.
Core Services
Fast Cash Advances with TBS Factoring
TBS Factoring helps trucking businesses access working capital quickly. Qualified customers can receive advances of up to 50% of the freight bill before payment arrives.
These funds help cover essential operating expenses, including fuel, repairs, tolls, and driver costs.
The process remains straightforward. First, complete the factoring agreement. Next, submit your rate confirmation and bill of lading (BOL). After approval, TBS releases your funds quickly, helping you keep your trucks moving without cash flow interruptions.
TBS Get Paid App: Manage Your Business Anywhere
The TBS Get Paid App allows truckers to manage finances from virtually anywhere.
Drivers can request fuel advances, monitor accounts receivable, receive payment notifications, and track invoices through one convenient platform.
One of the app’s most valuable features is VeriFast. This GPS-based system verifies pickup and delivery locations automatically.
As a result, truckers spend less time handling paperwork and more time focusing on deliveries. The mobile platform also improves visibility into cash flow and payment status throughout each trip.
Fuel Card Solutions: Save More on Every Mile
Fuel represents one of the largest operating expenses for every trucking business. To help reduce costs, TBS offers both EFS and Comdata fuel cards.
These cards provide discounted fuel pricing at participating truck stops nationwide.
Fleet owners can also establish spending limits for individual drivers, improving expense control and reducing unauthorized purchases.
Another advantage is direct funding. Factoring payments can be deposited directly onto the fuel card, simplifying cash flow management.
Additionally, cardholders may qualify for discounts on tires, maintenance services, parts, and legal assistance. These extra savings help lower overall operating expenses while improving profitability.
Why Choose TBS Factoring?
TBS Factoring provides practical solutions that help trucking businesses improve cash flow and simplify daily operations. Its services combine industry experience with modern technology to support owner-operators and growing fleets.
Flexible Factoring Solutions
TBS Factoring offers a straightforward freight factoring program with transparent pricing and no hidden fees.
The company manages invoice processing, payment tracking, and administrative tasks through a digital system. As a result, trucking businesses spend less time handling paperwork and more time serving customers.
The paperless process also reduces the risk of lost documents and improves record accuracy. Consequently, fleet owners can manage invoices faster and with greater confidence.
Experience and Technology You Can Trust
With more than 50 years of industry experience, TBS Factoring understands the unique challenges truckers face every day.
The company combines proven factoring services with innovative technology. For example, the TBS Get Paid App and VeriFast GPS verification system simplify payment management and delivery tracking.
These tools improve efficiency, increase visibility, and reduce administrative work. Therefore, trucking businesses can focus on growing their operations instead of managing paperwork.
Additional Benefits of TBS Factoring
TBS Factoring delivers more than invoice factoring. It also provides valuable tools that help trucking companies operate more efficiently.
Fuel advances give drivers quick access to working capital between payments. Meanwhile, EFS and Comdata fuel cards offer discounts at participating truck stops across the country.
The TBS Get Paid App sends real-time payment updates and account notifications. Users can also track invoices, monitor payment status, and request advances directly from their mobile devices.
As a result, truckers save valuable time while maintaining better control over their finances.
TBS Factoring Customer Reviews and Feedback
Overall, TBS Factoring receives positive feedback from many trucking companies. Customers frequently praise the company’s knowledgeable staff, responsive service, and simple onboarding process.
However, like any factoring provider, TBS also receives constructive feedback. Some users believe certain processes could become faster and more streamlined.
Positive Customer Reviews
Many customers highlight the professionalism and dedication of the TBS support team.
One customer, Shem Oigo of Rhino Freight Systems LLC, praised Maggie for guiding the onboarding process. He appreciated her regular communication and willingness to answer every question. According to his review, her support made the application process simple and stress-free.
Another customer, Saja Enterprise Inc., praised Quianna Lamey for her exceptional knowledge and customer service. The reviewer explained that her guidance simplified compliance requirements and allowed the company to focus on daily operations instead of paperwork.
These reviews reflect TBS Factoring’s commitment to delivering responsive customer support and personalized service.
Areas for Improvement
Although TBS Factoring receives mostly positive reviews, some customers have reported a few challenges.
For example, GNG Transport LLC mentioned that the platform can become time-consuming when managing multiple carriers. Another customer, Cristina Rios, noted that occasional follow-ups on paperwork were necessary to avoid payment delays.
Despite these concerns, many users continue to praise TBS Factoring for its knowledgeable staff and dependable customer service.
Overall, the reported issues appear minor compared to the company’s strengths. However, simplifying paperwork and improving payment tracking could further enhance the customer experience.
Frequently Asked Questions
Who Owns TBS Factoring?
TBS Factoring is a family-owned company headquartered in Oklahoma City, Oklahoma. It has supported the trucking industry for more than 50 years.
Does TBS Factoring Have a Mobile App?
Yes. The TBS Get Paid App allows users to manage their accounts from anywhere.
The app lets truckers request same-day payments, monitor invoices, receive payment notifications, request fuel advances, and verify loads using the VeriFast GPS system.
What Services Does TBS Factoring Offer?
TBS Factoring provides a complete range of trucking support services, including:
- Freight factoring
- Fuel card programs
- Fuel advances
- Compliance assistance
- Insurance support
- Credit checks on brokers and customers
- Payment verification tools
These services help trucking businesses improve cash flow while reducing administrative work.
How Does the TBS Factoring Advance Program Work?
The advance program offers quick access to working capital.
After signing a factoring agreement, you submit your rate confirmation and bill of lading (BOL). Once approved, TBS can advance up to 50% of the freight bill before delivery payment arrives.
This process helps truckers cover fuel, maintenance, and other operating expenses without waiting for customer payments.
Our Verdict on TBS Factoring
TBS Factoring is an excellent option for owner-operators and small to medium-sized trucking companies seeking reliable cash flow solutions.
Its same-day funding helps businesses maintain steady operations without waiting weeks for invoice payments.
The company also reduces administrative work through digital invoice management, fuel advances, and easy-to-use mobile tools. Combined with over 50 years of industry experience, these services provide valuable support for growing fleets.
Although some users report minor paperwork delays, the overall customer experience remains positive. Transparent services, responsive support, and flexible factoring solutions make TBS Factoring a dependable partner for trucking businesses.
If your goal is to improve cash flow, simplify operations, and keep your trucks moving, TBS Factoring is well worth considering.
