
Thunder Funding
Thunder Funding is an experienced and transparent factoring company that provides same-day funding, a user-friendly mobile app, and a comprehensive suite of back-end services, including a fuel card program and free credit checks.
Quick Facts
Time to Fund:
Within 24 Hours
Factoring Fee:
up to 5%
Cash Advance:
Contact For Rate
Recourse Type:
Non-Recourse
Features:
Contact Thunder Funding
Our Review of Thunder Funding
Company Snapshot
Thunder Funding is a seasoned and professional factoring company with over 25 years of experience in the transportation industry. Their core mission is to empower owner-operators and fleet owners with fast, reliable cash flow and a suite of additional services that simplify the complexities of running a trucking business. Unlike many factoring companies that have a banking background, Thunder Funding emphasizes its roots in the trucking industry, allowing them to truly understand the daily challenges their clients face. Their philosophy is simple: provide straightforward, same-day funding and back-end support that lets truckers focus on what they do best—driving. The company's profile is one of a trustworthy and transparent partner that prioritizes strong client relationships over long-term contracts.
Unlocking Cash Flow with Unparalleled Funding Features
Thunder Funding's approach to financing is built around speed and simplicity, ensuring carriers have immediate access to the capital they need to keep their operations running smoothly.
Their primary offering is same-day funding. By leveraging their intuitive mobile app, carriers can upload an invoice and get paid on the same business day, eliminating the typical 30-90 day waiting period for broker payments. This swift turnaround ensures that a business has the cash on hand to cover critical expenses like fuel, payroll, and maintenance, preventing cash flow shortages from hindering growth.
Thunder Funding also offers fuel advances that allow carriers to get up to 50% of their invoice value as soon as a load is picked up, even on weekends. This feature is particularly valuable for covering up-front costs and keeping trucks on the road without delay. The process is designed to be quick and easy, with funds often available within minutes.
The company is known for its simple, competitive pricing and transparent business practices. They clearly state that they do not have setup fees, hidden costs, or long-term contracts. Instead, they offer a 90-day trial period to all new clients. If a carrier is not fully satisfied after 90 days, they are not bound to a long-term commitment, which is an uncommon and highly appealing feature in the factoring industry.
Technology and Back-End Office Support
Thunder Funding has invested heavily in technology to streamline the factoring process and provide valuable tools to its clients.
At the heart of their service is the Thunder Funding Mobile App. This all-in-one platform allows truckers to submit invoices, request fuel advances, track payments in real time, and manage their account 24/7. The app also includes a Fuel Finder to help drivers locate discounted fuel stations along their route and provides 24/7 access to free credit checks on brokers and shippers. This allows carriers to make informed decisions and avoid working with high-risk clients.
In addition to the app, Thunder Funding provides top-notch back-end office support. Their team handles all billing and collections, freeing up a significant amount of a carrier's time and energy. This service acts as an extension of a business's accounting team, ensuring that invoices are managed professionally and efficiently, so carriers can focus on finding their next load.
Going the Extra Mile with Added Benefits
Thunder Funding goes beyond just providing cash flow by offering a comprehensive suite of value-added services that are designed to help carriers save money and grow their business.
A major benefit is their industry-leading Thunder Fuel Card, which provides substantial discounts at thousands of locations nationwide. These savings can be significant, often adding up to an average of over $500 per truck per month. The card also offers superior control over spending, with the ability to set limits for drivers and easily generate IFTA fueling reports.
Thunder Funding also offers a 30-day free trial to 123Loadboard, a major advantage for carriers looking to secure high-paying freight. This partnership, along with their Carrier Services Division, provides access to a range of other services, including trucking insurance, leasing, and expert advice on everything from compliance to routing. This all-encompassing support system demonstrates Thunder Funding's dedication to its clients' long-term success.
A World-Class Customer Experience
Thunder Funding has earned a reputation for providing a professional, friendly, and transparent customer experience. Their team is known for being knowledgeable and dedicated, with a focus on building genuine relationships. Testimonials from satisfied clients consistently highlight the high level of personal service and the ease of working with their staff. The sign-up process is quick, often taking just a few minutes, with a strong emphasis on getting a new client set up and funded as soon as possible. This commitment to efficiency and personal support sets them apart from the competition.
What Makes Thunder Funding Truly Unique
In a competitive market, Thunder Funding distinguishes itself through a powerful combination of fast funding, transparent practices, and a deep understanding of the trucking industry.
Unmatched Flexibility: Their 90-day trial agreement is a unique and compelling feature that offers clients peace of mind and flexibility, demonstrating their confidence in their service. This is a stark contrast to many companies that lock clients into lengthy and restrictive contracts.
Comprehensive Technology: The Thunder Funding Mobile App provides an exceptional all-in-one tool that streamlines operations, from invoice submission and payment tracking to fuel management and credit checks. This seamless integration of technology makes their service incredibly efficient and user-friendly.
Holistic Support: Thunder Funding's Carrier Services Division and other partnerships provide a level of back-end support that goes far beyond traditional factoring. By offering discounts on fuel, load board access, and expert business advice, they serve as a true partner in a carrier's success, helping them to save money, find loads, and grow their business.
A Powerful Partner for Growth
Thunder Funding is an excellent choice for owner-operators and fleet owners who want a factoring company that understands the intricacies of the trucking industry and offers a service built on speed, transparency, and trust. With same-day funding, a user-friendly mobile app, and a comprehensive suite of value-added services, they provide the financial and operational support needed to keep a business running smoothly. The ability to try their service for 90 days with no obligation makes them a risk-free choice for any carrier looking to optimize cash flow and partner with a company that is truly committed to their success.
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