Is TBS Factoring the same as Triumph Pay?

TBS Factoring is now part of Triumph Financial, which also operates Triumph Pay. The TBS brand continues for certain factoring services, but the corporate parent is the same. This can cause some confusion in the market.

Is TBS good for new authority carriers?

Yes. TBS has a long history of working with new authority carriers and has low minimum requirements. They are a solid starting point for carriers who need factoring from day one of operations.

What are TBS Factoring's rates?

Recourse factoring typically ranges from 2.5-3.5%, with non-recourse at 4-5%. Rates depend on volume, broker credit quality, and contract terms. New carriers may start at the higher end of the range.

Does TBS Factoring offer a mobile app?

TBS does not have a dedicated mobile app, which is a notable gap compared to competitors like OTR Solutions and RTS Financial. Invoice submission and account management are handled through their web portal.

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TBS Factoring Review

Item: TBS Factoring
Rating: 3.8
Author: USA Trucker Choice

Best for: New Authority Carriers

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Rate Range

2.5-5%

Advance Rate

92-96%

Contract

6-12 month contract typical

Founded

2004

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Our Review

TBS Factoring (now operating under Triumph Financial but maintaining the TBS Factoring brand for some services) has long been known as a new-carrier-friendly factoring company. They offer straightforward factoring at competitive rates with a focus on simplicity and accessibility for carriers just getting started.

Pros

Welcoming to new authority carriers with limited operating history
Straightforward, simple factoring process
Competitive rates for the service level offered
Free broker credit checks included
Fuel card program available

Cons

Brand overlap with Triumph Pay can cause confusion
Technology platform is dated compared to OTR Solutions
Customer service quality varies by representative
Contract terms are less flexible than Apex Capital

Our Verdict

TBS Factoring is a reliable, accessible option for new authority carriers who need factoring from the start. Their low minimums and willingness to work with new carriers are genuine advantages. The lack of a mobile app and the brand confusion with Triumph Pay are drawbacks. For established carriers with volume, RTS or OTR Solutions offer better rates and technology.

Reviewed 2026-02-15 | Updated 2026-03-01

Same-Day Funding
Non-Recourse
Fuel Card
Free Credit Checks
No Minimums
No Long-Term Contract
Mobile App
Broker Verification
Fuel Advances
Collections Included

TBS Factoring Review

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