Getting paid fast can make or break a trucking business. Between fuel costs, maintenance, and load expenses, waiting days, or even hours for payment can slow operations and add stress.
That’s why many carriers turn to factoring — to get quicker access to their earnings once a load is delivered and approved. Recently, more factoring providers have begun offering and talking about “24/7 factoring.” But what does that really mean? And how fast is it in real life?
This guide breaks down how 24/7 factoring typically works, what timelines carriers can expect, and where delays often happen. We'll also introduce Truly Instant Funding from OTR Solutions and explain how it sets a new standard for speed, flexibility, and reliability.
How 24/7 Factoring Works
On the surface, 24/7 factoring is designed to give carriers around-the-clock access to their money unlike traditional factoring which typically follows the bank’s schedule, 8-5, Monday thru Friday. That means instead of waiting days or weeks for brokers to pay, carriers can submit an invoice at any time to receive funding. These payments help carriers cover immediate expenses like fuel, emergency maintenance, and unexpected bills while staying operational between loads.
What 24/7 Factoring Really Means
With most providers, “24/7 factoring” means carriers can submit an invoice at any time, but the actual payment speed depends on how the invoice is processed. That means carriers are often still getting paid within 24 to 48 hours and typically can’t get paid over holidays and weekends.
Key timing factors:
- Carrier delivers the load and uploads the invoice
- Invoice is reviewed and approved
- Funds are advanced to the designated account
- Payment is processed
Key Point: There are theoretically no cutoff times to invoice submission, but invoices are not necessarily reviewed instantly – creating an immediate, unexpected cashflow delay.
Common Limitations and Delays
Despite the name, many 24/7 factoring programs don't actually mean carriers can complete the factoring process at any time. Delays in the process depend on the particular factoring provider’s policy.
Common factors that can affect payout timing include:
- Cutoff times that delay after-hours transfers
- Weekend and holiday processing delays
- Manual review process for all or the majority of invoices
- Restricted payment destinations, such as provider-owned or limited banks
In some cases, funds are delayed while the invoices are in the approval process, and when payment is finally sent, it is only deposited into a provider-controlled account, requiring carriers to initiate an additional transfer to their own bank or pay additional fees - adding yet another step before money is actually usable.
What makes OTR’s Truly Instant Funding different?
Truly Instant Funding is OTR Solutions’ fastest payment option - designed to remove the delays and limitations common with traditional factoring. You keep your preferred factoring program and gain the additional option to receive funding even faster.
Instead of relying on ACH schedules or business hours, carriers can simply upload their invoice to the OTR Mobile App, where it will automatically be processed within minutes - 24/7/365. Once the invoice is approved, funding is sent directly to the carrier’s chosen bank account.
There are no cutoff times, no weekend delays, and no dependency on bank processing windows - just instant, predictable funding - anytime, anywhere.
Key differences include:
- ALL invoices are automatically reviewed instantly
- Most invoices will be approved instantly, 70% of invoices will be approved within 1 hour
- Only invoices that require extra attention will enter the human review process
- Truly Instant Funding is available for any approved invoice, 24/7/365
- Payments can be transferred instantly to any bank account
- Operates 24/7/365, including weekends and bank holidays
- No dependency on ACH or bank processing windows
- Full transparency through the OTR Mobile App
Carriers see funds hit their bank account in minutes - not hours or days.
Step-by-Step: How Truly Instant Funding Works
Truly Instant Funding is simple and predictable. Once your load is approved, funds transfer immediately to your account without extended waiting periods.
Here's how it works:
- Deliver your load
- Upload the invoice to the OTR Mobile App
- Invoice is processed and reviewed automatically
- Funds are transferred instantly to your account, 24/7/365
Carriers see funds hit their accounts within minutes, eliminating cashflow gaps – even on nights, weekends, and holidays.
The Benefits of Truly Instant Funding
OTR’s Truly Instant Funding helps carriers stay operational and avoid cashflow gaps. Instead of waiting on payments, carriers get access to their hard-earned money when they need it most.
Truly Instant funding helps you:
- Cover fuel, insurance, emergency maintenance, and unexpected bills
- Keep trucks fueled and moving without waiting for payment
- Accept new loads sooner with available funds
- Plan routes and expenses confidently with predictable payment timing
- Bridge cashflow between loads without waiting for brokers or traditional ACH payments
Fast access to funds becomes even more critical during peak shipping seasons when downtime can mean missing serious revenue opportunities. Carriers deliver loads around the clock. Truly Instant Funding makes sure your payments keep up.
24/7 Factoring vs. OTR’s Truly Instant Funding: What's the Difference?
24/7 factoring lets carriers submit invoices around the clock. OTR’s Truly Instant Funding takes that a step further, designed for carriers who need money immediately - not next day. The table below breaks down the core differences in speed, access, and convenience.
The bottom line: many programs still rely on bank hours, manual processing, or limited payout destinations — meaning carriers may wait longer or need to transfer funds again, making it take even longer to access hard-earned cash.
OTR’s Truly Instant Funding removes those barriers. Invoices can be approved as soon as they are submitted, with no cutoff times, no bank delays, and no extra steps. Even on weekends or holidays, funds are transferred directly to the carrier’s bank account with no hidden fees and no delays. Carriers don’t just need to submit invoices at midnight – they need to be able to get funding at midnight.
Keep Your Cashflow Moving with OTR Solutions
Factor with OTR Solutions for reliable, instant access to funding when you need it most. Pair factoring with fuel to gain a discounted factoring rate and fuel credit eligibility to save even more and keep trucks on the road.
Frequently Asked Questions
Are same-day payments guaranteed to hit my account the same day?
Usually yes, but bank cut-off times and holidays can cause delays.
How is Truly Instant Funding different from same-day ACH?
Instant Funding delivers money within seconds, bypassing bank ACH timelines.
Does Truly Instant Funding cost extra?
Fees are clearly shown before confirming a transaction in the app.
