How we make this list: we compare pricing pages, product documentation and public user reviews. Ratings come from G2, Capterra or Trustpilot, with the date we checked them.
Key takeaways
- The best factoring companies for freight brokers in 2026 turn unpaid invoices into same day or next day cash, so fuel, payroll, and carrier payments do not wait 30 to 60 days for shippers to pay.
- RTS Financial leads for overall value with fuel savings, while OTR Solutions suits brokers and carriers who want non-recourse protection without a long contract.
- Rates run from about 1.5 percent to 5 percent per invoice, and advance rates run from 95 percent to 100 percent, so the cheapest headline rate is not always the cheapest deal.
- Get the all in rate, the recourse terms, and the exit terms in writing before signing: contract length and hidden fees matter more than a small rate difference.
Quick comparison
| Tool | Best for | Starting price | Free plan |
|---|
 RTS Financial | Overall value and fuel savings | 1.5%-3.5% per invoice | No |
 OTR Solutions | Non-recourse flexibility | 2.5%-5% per invoice | No |
 Triumph Business Capital | Large fleets, no minimums | 1.5%-3.5% per invoice | No |
 eCapital | Tech first factoring | 1.5%-4% per invoice | No |
 Apex Capital | 24/7 funding and service | 1.5%-5% per invoice | No |
 Bobtail | Predictable flat pricing | 1.75%-3.25% per invoice | No |
 TBS Factoring | Long term bundles | 2.5%-5% per invoice | No |
 TAFS | Full service factoring | 2%-5% per invoice | No |
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The best factoring companies for freight brokers
Starting price1.5%-3.5% per invoice
Free planNo
RTS Financial is the overall value pick for most carriers and brokers. It advances up to 95 percent of invoice value, funds in 24 hours or less, and pairs factoring with fuel card discounts that many users cite as the best in the industry. Free broker credit checks are unlimited, which helps a broker avoid hauling for a shipper who pays slowly.
Rates run 1.5 percent to 3.5 percent per invoice depending on volume and credit, and month to month options exist. Non-recourse protection costs extra, so brokers who want the factor to absorb nonpayment risk should price that add on. For overall value with fuel savings, RTS Financial leads.
What we like- Advance up to 95 percent
- Strong fuel card discounts
- Flexible contracts with month to month options
Watch out for- Rates vary by volume and credit
- Non-recourse costs extra
- Fuel savings depend on network use
Starting price2.5%-5% per invoice
Free planNo
OTR Solutions suits brokers and carriers who want protection against broker nonpayment without a long commitment. Its non-recourse option is included at no extra charge on most plans, which is unusual, and it advertises no monthly volume minimums with month to month contracts. Instant funding for approved invoices and free broker credit checks round out the offer.
Rates run 2.5 percent to 5 percent per invoice, higher than the cheapest rivals, and advance rates reach up to 100 percent on some plans. Before signing, confirm in writing which unpaid broker cases the non-recourse cover includes and what stays on you. For flexible non-recourse factoring, OTR Solutions is the best pick.
What we like- Non-recourse option included at no extra charge on most plans
- No monthly minimums
- Flexible contracts
Watch out for- Rates run higher than some rivals
- App is decent but not best in class
- Broker coverage cases need written confirmation
Starting price1.5%-3.5% per invoice
Free planNo
Triumph Business Capital offers same day funding with no minimums or reserves, plus free broker credit checks and fuel advances up to 50 percent. That combination suits larger fleets that factor high volumes and want cash without holding back a reserve on every invoice.
Rates run 1.5 percent to 3.5 percent per invoice based on volume, and some plans carry multi year terms, so small operators should read the contract length carefully. Pricing is volume based, so request a written quote for your actual monthly volume. For large fleets that want no minimums, Triumph is a strong pick.
What we like- Same day funding
- No minimums or reserves
- Free broker credit checks
- Fuel advances up to 50 percent
Watch out for- Multi year contracts on some plans
- Better suited to large fleets than small operators
- Pricing is volume based
Starting price1.5%-4% per invoice
Free planNo
eCapital is the tech first option, with a mobile app reviewers rate best in class and funding advertised as fast as one hour for approved invoices. It offers both recourse and non-recourse factoring, unlimited broker credit checks, and fuel card discounts, which suits operators who run their business from a phone.
Rates run 1.5 percent to 4 percent per invoice with advances up to 95 percent, or up to 100 percent on some plans, and a 90 day minimum term applies. Non-recourse costs extra. For operators who value speed and app quality, eCapital leads.
What we like- Best in class mobile app
- Funding as fast as one hour
- Recourse and non-recourse options
- Unlimited credit checks
Watch out for- 90 day minimum term
- Mid size fleet focus
- Non-recourse costs extra
Starting price1.5%-5% per invoice
Free planNo
Apex Capital funds around the clock, including nights, weekends, and holidays, which matters for brokers whose loads deliver outside business hours. It offers recourse and non-recourse options, full service support, and no contract lock in on some plans, with 24/7 funding as the headline feature.
Rates run 1.5 percent to 5 percent on a tiered basis with advances up to 95 percent, and some plans carry 12 month terms, so confirm the term before signing. For brokers who need cash at any hour, Apex Capital is the best pick.
What we like- Funding 24/7 including nights, weekends, and holidays
- No contract lock in on some plans
- Full service support
Watch out for- Tiered rates reach 5 percent
- 12 month terms on some plans
- Service quality varies by account team
Starting price1.75%-3.25% per invoice
Free planNo
Bobtail offers predictable flat rate pricing from 1.75 percent to 3.25 percent per invoice, with advances up to 100 percent and no reserve held. There is no contract, which suits owner operators who want to try factoring without commitment and know exactly what each invoice costs.
The trade is that a flat rate can cost more than a volume tier for high volume users, and full service features are thinner than Apex or Triumph. For predictable pricing with no reserve and no contract, Bobtail is the best pick.
What we like- Flat rate pricing with no reserve
- Advance up to 100 percent
- No contract
Watch out for- Flat rate may cost more for high volume users
- Fewer full service features
- Newer fintech model suits app first users
Starting price2.5%-5% per invoice
Free planNo
TBS Factoring suits carriers who want a long term bundle, including membership program ties that add services beside factoring. It advances up to 95 percent of invoice value with rates from 2.5 percent to 5 percent per invoice.
The trade is commitment: contracts run long term, and short term users will find more flexible options elsewhere. For carriers who plan to factor for years and value bundled services, TBS Factoring fits.
What we like- Bundles with industry membership programs
- Advance up to 95 percent
- Long term relationship focus
Watch out for- Long term contracts
- Rates reach 5 percent
- Less flexible for short term users
Starting price2%-5% per invoice
Free planNo
TAFS offers full service factoring with back office support beside funding, including fuel and business services that suit fleets wanting one provider for several needs. It advances up to 95 percent of invoice value with rates from 2 percent to 5 percent per invoice.
Contracts run long term, and small operators may find cheaper flexible options. For fleets that want a full service partner rather than a funding only factor, TAFS rounds out the list.
What we like- Full service factoring with back office support
- Advance up to 95 percent
- Fuel and business services beside factoring
Watch out for- Long term contracts
- Rates reach 5 percent
- Less competitive for small operators
How we chose
We ranked companies by rates, advance rates, contract flexibility, funding speed, fuel card value, and credit check tools. We favored factors with transparent all in rates and flexible exits, since a low headline rate means little if the contract locks you in for years or adds fees per invoice. We gave extra weight to non-recourse clarity, because who absorbs a broker nonpayment is the biggest risk question in factoring.
We also weighed funding speed honestly. Advertised speeds such as one hour or same day are marketing figures, not guarantees: approval time, submission method, your bank, and invoice rules all affect when money actually arrives. Price conflicts across sources were handled by writing the published range, and readers should request a written quote for their volume.
Buying guide
Start by naming your volume and risk tolerance. High volume users should negotiate tiered rates, while low volume or new operators should prioritize no minimums and short contracts. Decide recourse versus non-recourse early: recourse is cheaper but leaves broker nonpayment risk on you, while non-recourse costs more but shifts that risk to the factor, subject to written coverage terms.
Next, compare written quotes side by side. Ask for the all in rate per invoice, the advance rate, the reserve if any, monthly minimums, termination fees, and fuel card terms, all in writing. A quote that omits any of these is incomplete.
Finally, test broker credit checks during the trial period. Free unlimited checks help you avoid bad shippers, and a factor whose credit data you trust is worth more than a slightly lower rate from one whose data you do not.
Frequently asked questions
What is freight factoring?
Factoring means selling an unpaid freight invoice to a finance company, which advances most of its value fast and collects from the shipper or broker later. You get cash now instead of waiting 30 to 60 days for payment.
What is the difference between recourse and non-recourse factoring?
With recourse factoring, you repay the factor if the broker does not pay. With non-recourse factoring, the factor absorbs nonpayment risk, subject to written coverage terms, usually at a higher rate.
How much does freight factoring cost?
Rates typically run 1.5 percent to 5 percent per invoice, depending on volume, credit, and recourse terms. Advance rates run 95 percent to 100 percent of invoice value.
Do factoring companies require long contracts?
Some do, with terms from 90 days to multi year, while others offer month to month or no contract options. Confirm contract length, minimums, and termination fees in writing before signing.
Is factoring better than quick pay?
Quick pay from a broker usually costs a similar percentage but only covers that broker loads. Factoring covers all your invoices through one factor and adds credit checks and fuel cards, so it suits operators with many brokers.
Sources we checked (0)
Is your product missing or out of date?
We review this list regularly. Vendors can request a listing, send updated pricing or ask about featured placement.
Shihab Mia · Founder, Rankite
Shihab has 5+ years in B2B and SaaS SEO. He writes Rankite's software buying guides from pricing pages, documentation and public user reviews. More about Shihab.