Trucking factoring companies are finance firms that buy your unpaid freight invoices and advance most of the value within a day. These six are ranked for fleets of one to twenty trucks on rate, advance rate, contract length and fuel card value.
By Small Fleet HQ | Updated
| Provider | Best For | Typical Rate | Advance | Rating | |
|---|---|---|---|---|---|
| Apex CapitalBest Customer Service | 24/7/365 funding including nights, weekends, and holidays | 1.5-3.5% | — | 4.6/ 5 | Check RatesMost carriers approved in 24 hrs |
| OTR SolutionsBest Overall | Genuine non-recourse factoring that absorbs broker non-payment risk | 3-4% | 96% | 4.7/ 5 | Check RatesMost carriers approved in 24 hrs |
| Thunder FundingBest Short-Term Contracts | 90-day contracts with zero termination fees | 2-5% | — | 4.3/ 5 | Check RatesMost carriers approved in 24 hrs |
| BobtailBest Fintech Option | Up to 100% advance rate with no reserve held | Up to 3.24% | 100% | 4.5/ 5 | Check RatesMost carriers approved in 24 hrs |
| eCapitalBest for Maximum Advance | Up to 100% advance rate on invoices | 1-3.5% | 100% | 4.2/ 5 | Check RatesMost carriers approved in 24 hrs |
| altLINEBest Bank-Backed Option | 99-100% advance rates on freight invoices | 0.90-3.5% | 100% | 4.3/ 5 | Check RatesMost carriers approved in 24 hrs |
*Featured prices and terms can be updated. Free offers may include additional terms.
Factoring is priced as a percentage of each invoice you sell. Across the six companies here the ranges run from under one percent to five percent, and the spread inside a single provider's range is usually wider than the gap between providers. Quick Compare at the top of this page shows the typical rate and advance for each one. Every review below covers the contract length and minimum volume terms, which decide what the arrangement costs you.
These are typical ranges for small-fleet accounts. Most factors set a rate per account after looking at your monthly volume, which brokers and shippers you haul for, and how fast those customers pay, so two carriers signing with the same company in the same week can land on different numbers.
Four things move your number inside those ranges. Volume comes first, because a factor earns more from a carrier turning in forty invoices a month than from one turning in four. Customer credit comes second, and it counts for more than your own. Recourse is third: a recourse agreement leaves you liable when a broker fails to pay, and it prices below a non-recourse agreement that transfers that risk. The advance rate is fourth, and it decides how much of the invoice reaches you on day one and how much sits in a reserve until your customer settles.
To see what the percentage means in dollars, compare it with the cost of running a truck. The American Transportation Research Institute, led by president and chief operating officer Rebecca Brewster, published its 2026 operational cost analysis in July. It put the average cost of running a truck in 2025 at $2.336 a mile, the highest in the report's history, or $1.854 a mile with fuel taken out. On a 500-mile load at $2.50 a mile, a three percent fee is $37.50 against $1,250 of revenue. Whether that is expensive depends on what waiting 45 days for the same money would have cost you in loads you could not take. Our Factoring Cost Calculator runs your own numbers through that comparison.
The fuel card can change the total cost. Every company here bundles one, and the per-gallon discount on 500 gallons a week can return more than the factoring fee takes. Compare the discount and the network alongside the rate, because half a point of fee can be a smaller number than the difference between two fuel programs.
Every provider is scored on the same four criteria used across this site: user reviews and reputation, pricing and value, features and tools, and the factors specific to the category. For factoring those specific factors are the advance rate, whether recourse or non-recourse is the default, contract length and exit terms, the fuel card, and how quickly funding lands once paperwork clears. The weights behind each score are set out in How We Rate Trucking Services: Methodology and Scoring Criteria.
Contract terms carry as much weight here as rate. A two-year agreement with a termination penalty can cost more than a full point of fee, and exit terms are a common complaint small carriers raise about a factor. The Owner-Operator Independent Drivers Association, led by president and chief executive Todd Spencer with executive vice president Lewie Pugh, represents 150,000 members who operate more than 240,000 trucks between them. Those members are who these six companies compete for, and they change factors when a contract turns out worse than the pitch.
On the industry side, the International Factoring Association is the trade body for this business, with more than 450 corporate members across factoring, asset-based lending and receivables finance, and it runs the transportation factoring meetings. Membership says nothing about pricing. It is still worth asking which body a factor belongs to and noting whether you get a straight answer.
Only if the gap between delivery and payment is costing you loads. A carrier holding enough cash to cover six weeks of fuel and payroll is paying a percentage for speed it does not need. A carrier turning down a load because there is no fuel money until Friday is losing more than the fee. Work out which one you are before signing anything, and read Freight Factoring: What It Is and How It Works for Truckers if the mechanics are still unclear.
Recourse is cheaper and leaves the risk with you: if the broker never pays, the factor charges that invoice back to your account. Non-recourse costs more and absorbs the loss when a customer becomes insolvent. Check how your own contract defines it, because non-recourse usually covers insolvency specifically and not every reason an invoice goes unpaid.
Check the term length, the notice period, any termination fee, and what happens to invoices already in the system when you give notice. A factor that will not put those four answers in writing before you sign is telling you to expect trouble on the way out. 10 Factoring Red Flags: Warning Signs and Contract Traps lists the language to look for, and How to Switch Factoring Companies (Without Getting Trapped) walks through the buyout if you are already tied to one.
Every company here offers free broker credit checks. Run one before you accept a load. A factor that declines an invoice after delivery is telling you the broker was a bad risk at a point where you can no longer act on it.
Usually yes, even with damaged personal credit, because the underwriting looks at who owes you money. What does get in the way is an existing lien on your receivables, missing paperwork, or authority that is not yet active. Our Freight Factoring Requirements: How to Qualify (Even With Bad Credit) guide covers what gets checked.
A carrier hauling for a broker that already pays in two or three days does not need a factor, and Factoring vs Quick Pay: Cost and Cash Flow Compared sets out why quick pay often lands cheaper on that freight. Neither does a carrier with a working line of credit at a lower effective cost, or one whose cash problem is a margin problem in disguise. Factoring moves money forward in time without adding any, and a percentage off every invoice makes a thin margin thinner.
If the loads are not covering the truck, factoring buys a few months and deepens the hole. Run Cost Per Mile Calculator: True Operating Cost and Break-Even Rate for Truckers first. If your rate per mile sits below your cost per mile, the problem is on the booking side and no finance product fixes it.
Most of the industry is small carriers. The American Trucking Associations, citing U.S. Department of Transportation figures as of June 2025, puts 91.5% of the almost 580,000 active US motor carriers at ten trucks or fewer. When one customer pays late, a small operation feels it that week. More figures are in Small Fleet & Owner-Operator Statistics 2026: Fleet Size, Costs, and Earnings.
The same side-by-side view for fuel cards, insurance, ELDs and load boards is in Compare Trucking Services 2026.
Our owner operator starter stack covers factoring, fuel cards, insurance and load boards, organized into three budget tiers.
Owner operator starter pack →Most trucking factoring runs 1% to 5% per invoice. Where you land inside that depends on your monthly volume, how creditworthy your customers are, and how fast they pay. High-volume carriers hauling for established brokers sit at the low end. Almost every factor sets its price per account, so any range you read, including this one, is a starting point.
There is no single answer, because the fee is only part of the cost. A lower percentage with a 90% advance and a two-year contract can cost more over a year than a higher percentage with a full advance, no minimums and a fuel card that saves 30 cents a gallon. Compare the fee, the advance rate, the exit terms and the fuel discount together, then ask two or three factors to quote your actual volume.
Usually not. Factors underwrite your customers' credit rather than yours, because your customers are the ones who owe the money. If you are hauling for established brokers and shippers you can generally get approved with rough personal credit. What does get in the way is an existing lien on your receivables or authority that is not yet active.
Recourse means you are liable if the customer does not pay, and the factor charges that invoice back to your account. Non-recourse means the factor absorbs the loss when a customer goes bankrupt or becomes insolvent. Non-recourse costs more. Check how your own contract defines it, because it usually covers insolvency specifically and not every reason an invoice goes unpaid.
Most factors fund the same day or the next business day once your paperwork clears, and several here fund outside banking hours. Cut-off times matter more than the headline claim: same-day funding usually means same day if the invoice is submitted before late morning. Ask what happens to a load you deliver on Friday evening.
Application and setup fees, monthly minimums, wire transfer charges, per-invoice processing fees, early termination penalties, and reserve holdbacks you only get back after your customer pays. Ask for the complete fee schedule in writing, and ask specifically what it costs to leave and what happens to invoices already in the system when you give notice.