HMD Financial was founded in 1998 in Chicago Ridge, IL, a suburb of Chicago. The company focuses on delivering factoring solutions for trucking companies. HMD's service is focused on providing clear and transparent agreement terms, fast payments, and an easy application process.

Trucking

HMD Financial

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After New York and Los Angeles, Chicago has the largest economy in the US and is one of the nation's top logistics hubs. The city is the railroad center of the country, has access to a number of important waterways, and Chicago O'Hare is one of the top cargo terminals in the United States. This logistics activity makes Chicago an important city for transportation factoring. Chicago's large and dynamic economy supports factoring services in a wide variety of industries.

Chicago

Some traditional banks offer factoring or accounts receivable finance services. They can potentially offer lower rates, but they often have tight credit policies and don't offer the additional services and software tools provided by companies primarily focused on factoring.

The list below includes companies that offer factoring as one of their primary services. True factoring companies often provide unique features not offered at traditional banks.

Factoring Companies in Chicago (2023)

Love's is the 2nd largest truck stop chain in the U.S. They launched their financial division in 2014 to offer factoring services to trucking companies. The company offers a range of unique features including 60-minute funding, unique billing and fund transfer tools, and a robust mobile app.

Love's Financial

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The Love's Factoring app allows factoring customers to upload invoices, check balances, transfer funds, find fuel stations, and more.

The Love's fuel card provides members with deep discounts on fuel of up to 16 cents per gallon. Their program also includes fuel advances and an automated RFID fueling system.

10 years ago the city's industrial market was struggling, but the city's industrial sales volume has nearly doubled since 2020. Increased capital and residents from states like New York, California, and Colorado have driven this growth. Oklahoma City's industrial success is projected to continue for years to come.

Oklahoma City

The list below includes companies that offer factoring as one of their primary services. True factoring companies offer features that traditional banks and other diversified financial service companies do not.

BC Factoring and Finance is based out of Oklahoma City, OK, and provides factoring services for the trucking, oilfield services, and construction industries. Most factoring companies won't work with contractors which makes BC Factoring & Finance a great resource for construction companies  

Oilfield Services

Construction

BC Factoring & Finance

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First Mid Bancshares is an $8.0B community-focused financial services company providing banking, insurance, wealth management, brokerage, and AG services in IL, MO, TX, WI, and IN since 1865. Traded on NASDAQ as "FMBH", First Mid takes pride in collaborating to make an IMPACT. 

Their vision is to be a nimble, community-focused organization committed to quality, growth and earned independence for all stakeholders.

Professional Services

First Mid Bancshares

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First Mid Ag Services helps owners optimize Midwest farmland as an investment through management, brokerage, valuation, and consultation. All farm managers have agricultural degrees and experience. 

First Mid Ag Services Farmland Management

Kansas City is the 33rd largest city in the U.S. and plays host to a significant number of non-bank factoring companies for its size. Trucking is an industry that uses factoring heavily, and Kansas City is a good city for trucking. The city has a substantial intermodal presence and is an important transportation hub.&nbsp;

Kansas City

SLS Financial was founded in 1986 and is based in Kansas City, MO. The company offers a number of working capital finance solutions including factoring, lines of credit, asset-based lending, cash advance, and working capital loans. 

SLS Financial

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Apex Capital is a factoring company based out of Dallas, Texas with a strong reputation for providing great customer service. In addition to factoring services, the company offers a fuel card program, discounts on tires and ELDs, a free load board, and roadside rescue services.

Apex Capital

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Apex Capital provides customers with an app loaded with features on iOS, Android, and desktop.

The Apex Capital fuel card program provides trucking companies with significant savings at more than 1,500 truck stops. Members of the fuel card program can track and manage fuel expenses through the company's app, set spending controls, and automate IFTA tax reports.

Apex Capital's free load board is built for carriers and provides a valuable source of potential loads. The board refreshes frequently and features a lot of options for filtering loads.

NextLOAD

Apex has partnered with blynk® to provide factoring customers with faster payments. Customers that use blynk® to receive factoring payments in minutes without any wire fees.

blynk® Payments

<span style="-webkit-text-stroke-width:0px;display:inline !important;float:none;font-style:normal;font-variant-caps:normal;font-variant-ligatures:normal;font-weight:400;letter-spacing:normal;orphans:2;text-align:start;text-decoration-color:initial;text-decoration-style:initial;text-decoration-thickness:initial;text-indent:0px;text-transform:none;white-space:pre-wrap;widows:2;word-spacing:0px;">With a GDP of almost $600 billion, DFW is ranked 6th among US cities in terms of GDP. The growth of DFW accelerated after the pandemic as people moved away from the coasts. The city is also an important intermodal hub, being served by multiple Class 1 railroads, several airports - including DFW, and a network of major highways. DFW's vibrant industrial economy supports numerous commercial finance and factoring companies.

Dallas-Fort Worth

Factoring Companies in Dallas-Fort Worth

Pro Funding is based in Alsip, Illinois, a suburb of Chicago, and specializes in providing factoring services for trucking companies. The company places a significant emphasis on personalized contact, fast payments, and thorough back-office support.

Pro Funding

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TAFS was founded in 2007 and helps trucking companies with a range of services, including factoring, fuel discounts, dispatch software, and more. The company provides customers with a robust client portal and its TAFS mobile app.

TAFS

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TAFS offers the F2 fuel card - featuring discounts at both major truck stops and smaller independent stations. There are more than 2,000 station on the TAFS fuel network.

The TAFS mobile app is designed help clients streamline their business processes. Use the app to generate invoices, check the status of invoices, send driver notifications, access load boards, and more.

Bank Midwest

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NBC Oklahoma is a regional bank with locations throughout Oklahoma. They offer both personal and business banking services. The company offers accounts receivable financing to companies in a wide variety of industries.

NBC Oklahoma

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TBS was founded in 2004 and specializes in factoring services for trucking companies. In addition to factoring, they offer a fuel card program, fuel advances, a load board, and a mobile app called Get Paid. Their mobile app features include a fuel discount map, a broker credit check tool, an invoice uploader, and more.

TBS Factoring

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The TBS Get Paid app allows TBS customers to upload and manage invoices, check broker credit, request fuel advances, and view important account information.

TBS offers an EFS and Comdata fuel card program that allows you to customize your discounts to fit your business model.

QC Capital Solutions is based in Overland Park, KS, and offers factoring solutions to help small and medium-sized businesses solve cash flow challenges. The company specializes in finance solutions for the professional services, staffing, and manufacturing industries.

QC Capital offers customers a dedicated point-of-contact, personalized service, flexible terms, and competitive rates. 

Manufacturing

Staffing

QC Capital Solutions

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Saint John Capital is a factoring company based in Chicago, specializing in the trucking industry. They offer a range of services, including factoring, lines of credit, access to loads, and software tools. Saint John Capital's factoring services include same-day funding, 100% cash advance, a Quickbooks API, and more.

Saint John Capital has played a pivotal role in helping numerous trucking companies transition from a single-truck operation to becoming large national fleets.

Saint John Capital

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The Saint John Capital load board provides trucking companies with access to millions of loads. The load board is available for both Android and iOS devices. See inbound and outbound loads by state, find better-paying freight, and check broker credit.

Load Board

When you enter your invoice information into Saint John Capital's quick pay system, you can see these invoices automatically appear in your Quickbooks accounting software. This saves time and eliminates the need to retype information into multiple systems.

Quickbooks API

Summar Financial was founded in 2004 and provides a range of factoring solutions. They offer factoring and supply chain finance to companies importing and exporting goods in North and South America. The company also offers factoring and fuel discount services for trucking companies.

A number of factoring companies provide financing for seafood, produce, and beverage companies that export goods into the United States.

International Food & Beverage

Summar Financial

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The Summar fuel card program helps trucking companies save money and better manage fuel expenses.

Miami serves as a crucial hub for commerce with its strategic location and a GDP that reached $483 million in 2022. The city encompasses a spectrum of industries, including logistics and finance, contributing to its economic vibrancy. Miami's position is accentuated by a well-developed logistics infrastructure, including major ports, efficient transportation networks, and an international airport. As a financial center, Miami attracts a range of logistics and finance companies, playing a pivotal role in supporting businesses and ensuring streamlined operations. Use our directory to connect with reputable factoring partners and accelerate the growth of your business. &nbsp;

Miami

DSA Factors is based in Chicago and provides factoring services to a variety of unique industries. In addition to trucking and staffing, they fund companies in the furniture, bedding, clothing, and construction industries. 

DSA Factors offers supply chain finance (reverse factoring), and purchase order finance services. They also offer some unique financing such as micro factoring for new businesses and spot factoring which allows customers to only factor specific invoices.

DSA Factors

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DSA Factors' micro factoring service is designed for new businesses and start-ups that don't have a lot of sales volume. This can be a valuable tool for new companies that have to wait 30 to 60 days for customer payments.

Micro Factoring

Plex Capital was founded in 2019 and is based in Kansas City. The company specializes in factoring solutions for the staffing, commercial cleaning, and construction industries. Plex Capital provides customers with a personalized service experience and customized funding solutions. With a deep understanding of the staffing, commercial cleaning, and construction industries, Plex Capital tailors its factoring solutions to meet the unique needs of businesses in these sectors. Our team at Plex Capital is dedicated to delivering exceptional service and providing customized funding options that empower our clients to thrive and grow their operations.

Commercial Cleaning

Plex Capital

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Capital Source Group is a commercial finance firm headquartered in downtown Chicago. In addition to factoring, the company provides a range of innovative finance solutions. These include equipment finance, purchase order finance, inventory finance, and merchant cash advances.

Capital Source Group provides factoring for some unique industries including software developers, marketing agencies, call centers, and government contractors.

Marketing Agencies

Government Contractors

Healthcare

Food & Beverage

Capital Source Group

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Ignite Factoring provides freight factoring services for owner-operators and fleet carriers. We offer same-day deposits and a $2,500 weekly fuel line of credit regardless of credit score. Lowest rates in the industry. Contact us for more information.

Ignite Factoring

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The Ignite Factoring fuel card program features substantial discounts at Love's fuel stations throughout the country.

Sky Business Credit is based out of Chicago and provides factoring services to a broad range of industries. The company provides flexible financing solutions that are tailored to meet the needs of each business. Sky Business Credit also prides itself on providing superior customer service. They provide each client with a dedicated account representative that understands your business.

Security

Wholesale & Distribution

Sky Business Credit

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Mazon is a family-owned business that has been providing factoring services since 1976. The company primarily operates in the staffing and oilfield services industries but offers funding in many other industries including manufacturing, apparel, construction, distribution companies, and more.

Mazon Associates

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Integra Funding Solutions was founded in 2011 and is based in Fort Worth, TX. The company provides factoring services to the oilfield services, trucking, and staffing industries. For the trucking industry, Integra also offers a fuel discount program and assistance for individuals interested in obtaining their trucking authority.

Integra places heavy emphasis on customer satisfaction, which is evident from their outstanding customer service track record.

Integra Funding Solutions

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Integra provides their customers with significant discounts on fuel through their partnership with EFS. Their fuel card program features detailed reporting to help optimize spending and includes discounts on tires, truck maintenance, software, health care, and more. 

OperFi was founded in 2019 and specializes in providing factoring, fuel card, and other services to trucking companies. OperFi is short for Operation Finance - which reflects the company's culture of military professionalism and integrity.

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