Bobtail

Simple, Transparent, and Debt-Free Funding

Bobtail's factoring service is built for efficiency and clarity. The process is simple: you deliver a load, submit the invoice and proof of delivery, and Bobtail provides a cash advance. They offer same-day and next-day funding, with same-day payments hitting your bank account by 6 PM EST if you submit your invoices before 11 AM EST Monday through Friday.

A key part of their model is the transparent pricing structure. Instead of complex fees, Bobtail charges a single, clear factoring fee, typically ranging from 1.5% to 3.5% per invoice. They pride themselves on having no hidden fees, no monthly minimums, and no long-term contracts. The company also offers a 90-day trial period for all carriers to ensure their services meet expectations. Importantly, factoring with Bobtail is not a loan; it is the sale of an asset (your invoice), so it does not affect your credit or create debt.

Comprehensive Tools and Support

Beyond providing cash advances, Bobtail offers a suite of integrated tools designed to help carriers run their business more effectively. They have built their own proprietary technology, including an easy-to-use Transportation Management System (TMS) and their factoring platform, both accessible via their mobile app and web portal.

A critical tool for risk management is the free broker credit check. Bobtail advises all carriers to use this feature in the app to vet brokers and shippers before picking up a load. This helps you avoid working with unreliable partners and protects your financial health. Additionally, Bobtail offers the Bobtail Mastercard fleet card with significant fuel savings, with discounts up to $2.50 per gallon at over 1,300+ locations. The card, which is a line of credit with a maximum weekly line of $30,000, has no monthly, annual, or transaction fees. For support, a dedicated team is available from 9 am to 5 pm EST, Monday to Friday, reachable via phone, email, or through the app.

What Makes Bobtail Truly Unique

In a crowded market, Bobtail distinguishes itself through its dedication to simplicity, technology, and client protection. While Bobtail provides recourse factoring, they have a unique approach to handling non-payment. If a broker fails to pay, Bobtail works to collect from the brokerage's $75,000 bond or from the original shipper, a process they perform for their clients at no extra charge. This provides a safety net that is not always standard with other recourse agreements.

This is best exemplified by:

Transparency and Simplicity: Unlike many competitors, Bobtail's straightforward, flat-rate pricing with no hidden fees, combined with the lack of a long-term contract, creates a refreshingly honest and transparent experience for clients.

Mobile-First Technology: By building their own proprietary technology, Bobtail has created a seamless and intuitive app that allows truckers to manage their entire financial operation from their phone, from submitting invoices to checking a broker's credit.

Focus on Protection: Bobtail's services are designed to help truckers avoid debt and mitigate risk. Their recourse factoring model includes a unique collection process that helps clients get paid even when a broker fails to.

A Powerful Partner for Growth

Bobtail is an excellent choice for owner-operators and new or small trucking companies looking for a reliable, transparent, and modern financial partner. Their simple application, swift same-day funding, and a suite of valuable business tools like free credit checks and a fuel card program, position them as a powerful ally. By simplifying financial management and providing crucial protection against risk, Bobtail allows carriers to focus on what matters most—running and growing their business.