Factoring Express: Best for trucking and no-contract flexibility

Founded by operators who ran a mid-sized trucking company and a freight brokerage before entering finance, Factoring Express started as a freight factor and has expanded into medical, staffing, construction, government, and oil and gas receivables.

Its strongest selling point is flexibility: no long-term contracts, no monthly minimums, no setup or termination fees, and the ability to factor only the invoices you choose. Advances run up to 97% with funding in 24 hours. For trucking clients, it bundles fuel advances, fuel cards, truck dispatch, and accounting for owner-operators, making it close to a one-stop shop for solo drivers and small fleets.

Consider it if: you want month-to-month flexibility or run a trucking operation that would benefit from the added fuel and dispatch services.

Trade-off: it is smaller and less nationally recognized than RTS or Riviera, and its deepest expertise sits in transportation.

AltLINE (The Southern Bank) — best for lowest fees

AltLINE is the invoice-factoring division of The Southern Bank, which makes it a direct funder rather than a broker. Because it is bank-backed, it advertises some of the lowest factoring fees in the market, starting around 0.8%, with advances up to 90%.

It serves a broad mix of industries including manufacturing, transportation, wholesale, distribution, and staffing, and it works with startups and businesses with imperfect credit.

Consider it if: low cost and the stability of a chartered bank are your priorities.

Trade-off: expect an origination fee and a more formal, slower onboarding process than a nimble independent factor, plus contract terms.

RTS Financial — best for larger trucking fleets

RTS Financial factors trucking invoices exclusively and is built for carriers that want scale. It offers advances above 90% with same-day funding and fuel discounts at more than 3,500 locations nationwide.

Consider it if: you run a growing fleet and value a large fuel-savings network.

Trade-off: it only serves trucking, so it is not an option for staffing, medical, or other industries.

Riviera Finance — best for non-recourse factoring and in-person support

Riviera Finance operates more than 25 offices across the U.S. and Canada, including a Tampa location, and is known for non-recourse factoring that shifts nonpayment risk to the factor. It guarantees funding within 24 hours of verifying and approving invoices.

Consider it if: you want face-to-face service or the protection of non-recourse terms.

Trade-off: its website provides little fee detail, so budgeting requires a direct quote, and it may accept invoices with terms exceeding 60 days.

eCapital — best for fast, high-volume funding

eCapital is a large, technology-forward factor serving trucking, staffing, and general commercial clients, with a reputation for speed and the capacity to fund high invoice volumes.

Consider it if: you factor large or frequent invoice batches and want quick turnaround.

Trade-off: its scale is geared toward established businesses, so very small operators may find better-fit terms elsewhere.

1st Commercial Credit — best for staffing and large asset-based lines

1st Commercial Credit serves Florida staffing, manufacturing, and trucking businesses and stands out for staffing payroll funding with essentially unlimited scaling. It also offers asset-based lending lines up to $10 million for larger operations, and works with startups.

Consider it if: you run a staffing agency or a larger business that may outgrow standard factoring.

Trade-off: its asset-based products are best suited to bigger firms; very small businesses may not need that complexity.

FundThrough — best for businesses using accounting software

FundThrough integrates directly with QuickBooks and other invoicing platforms, letting you factor individual invoices without a long-term contract. It can advance up to the full invoice value, minus its fee.

Consider it if: you already invoice through supported software and want a self-serve, per-invoice approach.

Trade-off: the model suits software-based invoicing best; per-invoice pricing can add up for high volumes.

AmeriFactors — best for established general factoring in Central Florida

Based in the Orlando area, AmeriFactors has a long track record in general commercial invoice factoring across multiple industries.

Consider it if: you want an established local factor for straightforward commercial receivables.

Trade-off: it publishes limited detail online, so you will need to contact them for terms.

Which industries in Florida use factoring most?

• Trucking and freight: the largest single user; drivers factor broker and shipper invoices to cover fuel, tolls, and maintenance without waiting 30 to 60 days.
• Staffing agencies: fund weekly payroll while clients pay on Net 30 to 60.
• Healthcare and medical: factor insurance and third-party receivables that pay slowly.
• Construction and contractors: cover subcontractors, suppliers, and materials between draws.
• Manufacturing, wholesale, and distribution: smooth long production and payment cycles.
• Government contractors: bridge the slow payment timelines common with public-sector work.

Frequently asked questions

Is invoice factoring a loan? No. Factoring is the sale of your unpaid invoices for immediate cash. You take on no debt and pay no interest, only a factoring fee.

How fast can a Florida business get funded? Once your account is set up, most factors advance funds within 24 hours, and several offer same-day funding after invoice verification.

How much does factoring cost in Florida? Fees typically range from about 0.8% to 5% of the invoice, depending on your industry, monthly volume, and how long invoices take to pay. Higher volume and faster-paying customers earn lower rates.

Can a startup or a business with bad credit qualify? Usually yes. Factoring approval depends primarily on your customers’ creditworthiness, not yours, which makes it accessible to startups and businesses with limited or damaged credit.

What is the difference between recourse and non-recourse factoring? With recourse factoring, you buy back or replace any invoice your customer fails to pay; it costs less. With non-recourse factoring, the factor absorbs the nonpayment risk in exchange for a higher fee.

Do I have to factor all my invoices? Not always. Some factors, such as Factoring Express and FundThrough, let you choose which invoices to factor with no monthly minimums, while others require a set volume under contract.

The bottom line

The best factoring company in Florida depends on your industry and how you like to work. Trucking carriers wanting flexibility and bundled fuel and dispatch services should look at Factoring Express; larger fleets at RTS Financial. Cost-focused businesses should compare AltLINE’s bank-backed rates. Staffing agencies and larger firms may prefer 1st Commercial Credit, while software-driven businesses often fit FundThrough. Riviera Finance suits those wanting non-recourse terms or local offices.

Whatever your industry, request written quotes from two or three providers, compare the all-in cost rather than the headline rate, and confirm the contract terms before you sign.

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