Trucking Factoring at 1–2% With No Reserves
Get paid on your freight invoices without waiting 30–60 days for brokers. ELD Hub works with WEX to offer small fleets a 1–2% factoring rate with no reserves held back.
What is the best factoring option for a small trucking fleet?
Look for a low flat rate and no reserves. Through ELD Hub, owner-operators and small fleets can factor with WEX at a 1–2% rate with no reserves, and we can beat your current factoring rate. Final terms depend on WEX's approval.
Last verified by ELD Hub.
What you get
- 1–2% factoring rate through WEX
- No reserves held back from your invoices
- We can beat your current factoring rate — bring your current terms
- Built for owner-operators and small fleets
Common questions
What factoring rate can I get through ELD Hub?
ELD Hub carriers factor through WEX at a 1–2% rate. Your exact rate depends on WEX's review of your authority, brokers and invoice volume.
What is a no-reserve factoring company?
A reserve is part of each invoice a factor holds back until the broker pays. With no reserves, you receive the full advance minus the factoring fee, with nothing held back. Factoring through WEX via ELD Hub has no reserves.
How do I lower my current factoring rate?
Bring your current rate to ELD Hub. We can beat your current rate with WEX factoring at 1–2% and no reserves. Final terms are set by WEX after approval.
Can a new trucking authority get factoring?
Yes, new authorities can apply. WEX reviews your authority, insurance and the brokers you haul for; approval is not guaranteed.
Do I need to use ELD Hub's ELD to factor?
No. Factoring is offered through the WEX partner link. ELD Hub's ELD is a separate service at $15 per truck per month with no contract.
Factoring is provided by WEX (EFS). Approval, rates and terms are set by WEX. ELD Hub may earn a referral fee.