Get better factoring rates with SmartPay. As low as 1.5%.

With same day funding, industry-leading rates, and no annual contracts or cancellation fees, SmartPay enables fleets to improve their cash flow, increase profitability, and grow their business.

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Get faster and more affordable factoring

Truck factoring done better.

Access the most flexible factoring program on the market, while saving money on rates and fees.

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Rates as low as 1.5%

Industry-leading factoring rates ensure you keep more of what you earn.

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Same day funding

Access funds faster to accelerate cash flow, pay drivers, and cover business expenses.

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Lower transfer fees

Get free ACH transfers and same-day transfers up to 67% lower than other factoring companies.

Flexible plans that meet your business needs.

Access the best rates and lowest fees when you sign up with SmartHop Professional. Get the same great service, including professional collections on your behalf and time saved on back office work with both our plans.

With SmartPay

Other Factoring Companies

Factoring Only

With SmartHop Basic

With SmartHop Professional

Factoring rates
3-5%
2.5%
2%
1.5%
Same-day transfer fees
$30
$20
$15
$10
ACH transfer fees
$10
$1
$0.50
FREE
Fastest funding speed
2 days
Same day
Same day
Same day
No reserves or minimums
No annual contracts
No cancellation fees

Other Factoring Companies

Factoring rates
3-5%
Wire transfer fees
$30
ACH transfer fees
$10
Funding speed
2 days
No reserves or minimums
No annual contracts
No cancellation fees

With SmartPay

Factoring Only

Factoring rates
2.5%
Wire transfer fees
$20 fixed fee
ACH transfer fees
$1 fixed fee
Funding speed
Same day
No reserves or minimums
No annual contracts
No cancellation fees

With SmartPay

With SmartHop Basic

Factoring rates
2%
Wire transfer fees
$15 fixed fee
ACH transfer fees
$0.50 fixed fee
Funding speed
Same day
No reserves or minimums
No annual contracts
No cancellation fees

With SmartPay

With SmartHop Professional

Factoring rates
1.5%
Wire transfer fees
$10 fixed fee
ACH transfer fees
FREE
Funding speed
Same day
No reserves or minimums
No annual contracts
No cancellation fees

See the other benefits of SmartHop’s all-in-one platform.

Frequently asked questions

What is factoring, and how does it work?
What are the key benefits of SmartPay’s factoring program?
How much does SmartPay cost?
Is there a minimum number of invoices required to use SmartPay?
How fast can I access funds with SmartPay?
How long does it take to sign up for SmartPay?
TRY SMARTPAY TODAY

Ready to get started?

See how SmartPay can help you keep more of what you earn and build a healthier trucking business.

Sign up now

Use SmartPay to get faster and more affordable truck factoring.

Add SmartHop’s powerful fleet management software to help you make the right booking decisions, increase productivity, and improve performance!