Maryland-based trucking factoring company with a published maximum rate, no reserves or monthly minimums, a 90-day trial period and the Bobtail Mastercard fleet card.
Services
Who it serves
Overview
Bobtail is a trucking finance company that offers freight factoring and a fuel-focused fleet card. Its factoring business, Bobtail Capital, lists an address in Silver Spring, Maryland, and its Bobtail Wallet business lists an address in Columbia, Maryland. The company says it has funded more than $1 billion in invoices, factored more than one million invoices and served more than 8,000 carriers.
Bobtail publishes a ceiling on its factoring rate on its home page and starts carriers on a 90-day trial before they move into a longer agreement.
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Services
Bobtail buys freight invoices and pays carriers same day or next day after approval, with an expedited option for an extra fee. It handles collections and runs a credit check on every broker and shipper. Carriers can check brokers in the Bobtail app before pickup to see whether a load can be factored.
The Bobtail Mastercard, issued by The Bancorp Bank, is a fleet card with fuel discounts the company says reach up to $3.00 per gallon, with a 59 cent average for cardholders at participating locations. The site says the card has no monthly, transaction or setup fees, and that card approval can take about five minutes. Bobtail does not offer cash fuel advances; its FAQ points carriers to the fleet card instead.
Bobtail also helps carriers switch from another factoring company by requesting the buyout and handling the paperwork, and it offers free factoring contract audits.
Who it is for
Bobtail is built for trucking carriers, especially smaller operations that want simple pricing and app-based invoicing. Its FAQ says new trucking companies can generally qualify as long as their brokers or shippers have strong credit, because approval depends mainly on the customer's credit. Support is offered in English, Spanish and Punjabi.
Carriers do not have to factor every load. They can choose which brokers to factor and bill others directly. Carriers that depend on fuel advances at pickup should note that Bobtail does not offer them.
How working with them works
Carriers start through the Get Started form, by phone or by email. Setup requires a driver's license and an insurance document, and sometimes incorporation documents. Invoices are uploaded through the mobile app, the web app or the portal. The FAQ says invoices submitted before 11 AM Eastern on weekdays are funded by 6 PM Eastern the same day. Same-day and next-day payment are free, while expedited payment carries a fee.
As listed on their website in November 2026, Bobtail's home page says factoring rates are negotiable with a stated maximum of 3.24 percent. Its FAQ adds that factoring fees in the industry usually run 1.5 to 3.5 percent per invoice depending on volume and credit risk, and says Bobtail has no reserve requirements and a single factoring rate. The home page also lists no monthly minimums.
On contracts, Bobtail starts carriers on a 90-day trial that can be canceled without penalty. The FAQ says carriers move into a long-term contract after the trial.
Questions to ask before you sign
Ask whether your agreement is recourse or non-recourse. Bobtail's public pages do not say, so ask how long a broker can go unpaid before an invoice is charged back to you and whether Bobtail absorbs any credit losses.
Ask for your exact rate within the published 3.24 percent maximum, and confirm your advance rate and that no reserve is held.
Ask for the expedited payment fee and any other charges, such as fees on the Bobtail Mastercard listed in its fee schedule.
Ask what the long-term contract looks like after the 90-day trial: its length, renewal terms, the notice needed to cancel and any termination fee.
Confirm there are no monthly minimums and how billing some brokers directly works alongside factoring others.
Ask how notice of assignment is sent to brokers, and how fast broker credit checks come back in the app. If you rely on fuel money at pickup, plan for another source, since Bobtail does not offer fuel advances.
Company background
Bobtail's About page lists Paul Mudahar as Founder and CEO, Gurvir Singh as Co-founder and COO, and Jen Tindle as CFO. The company's stated mission is to eliminate inefficiencies in the supply chain. The Better Business Bureau profile for Bobtail Capital lists a business start date of July 2015 and the Silver Spring, Maryland address.
The company does not publish headcount or investor details on its About page.
Sources
Information compiled from public sources. Last verified November 2026. Confirm details directly with the company.
