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
- RTS Financial and Apex Capital suit owner-operators and small fleets that want fast funding with fuel and compliance support.
- Triumph Business Capital suits larger fleets that want a full-service factor with equipment finance options.
- OTR Solutions suits carriers that want simple, transparent factoring with no hidden fees.
- Thunder Funding suits small carriers that want recourse-free options and fast onboarding.
- Factoring rates depend on volume, invoice quality and recourse terms, so compare the full fee schedule, not just the headline rate.
Freight factoring turns unpaid invoices into same-day cash: a carrier sells its freight bills to a factor at a discount, and the factor collects from the broker or shipper. The eight companies below serve owner-operators and fleets, and they differ in rates, recourse terms, funding speed and extra services such as fuel cards and compliance help.
Rates are usually a percentage of invoice value per month, with additional fees for wire transfers, reserves and account setup. Prices below are marked "See website" since rates are quoted by volume and credit quality. Read the full fee schedule and contract terms, especially recourse clauses, before signing.
Quick comparison
Is your product missing or out of date?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.
The best freight factoring companies
Starting priceSee website
Free planNo
RTS Financial factors freight invoices for owner-operators and small fleets, with same-day funding after invoice verification and support services covering fuel cards, compliance and back-office help. The company understands small carrier cash flow, since slow broker payments are the main reason carriers factor. Online account tools track invoices, reserves and payments.
Rates vary by volume and invoice quality, and contract terms need careful reading, especially on recourse and minimums. For a small carrier that wants fast funding plus fuel and compliance support, RTS Financial is a strong choice.
What we like- Fast same-day funding
- Fuel card and compliance support
- Experience with small carriers
Watch out for- Rates vary by volume
- Contract terms need careful reading
Starting priceSee website
Free planNo
Apex Capital offers freight factoring with fast funding, a fuel card programme and account tools for carriers and fleets. The company emphasises support for owner-operators, with onboarding help and account management that suits carriers new to factoring. Funding typically lands the same day after verification.
Fees add up when add-on services stack, and minimums may exclude the very smallest carriers. For a carrier that wants fast funding with strong support and a fuel programme, Apex Capital is a dependable choice.
What we like- Fast funding with a fuel card programme
- Good customer support
- Tools for carriers and fleets
Watch out for- Fees add up with add-on services
- Minimums may exclude the smallest carriers
Starting priceSee website
Free planNo
Triumph Business Capital, part of Triumph Financial, factors freight invoices for fleets of many sizes, with equipment finance, insurance and back-office services alongside factoring. The scale suits larger fleets that want one financial partner for factoring, equipment and payments, and the company's trucking experience runs deep.
The process suits larger operations better than a single owner-operator, and pricing is quote-based. For a growing fleet that wants a full-service financial partner, Triumph is the most complete option.
What we like- Full-service factoring for larger fleets
- Equipment finance options
- Strong industry experience
Watch out for- Process suits larger operations better than single trucks
- Pricing is quote-based
Starting priceSee website
Free planNo
OTR Solutions, formerly OTR Capital, offers freight factoring with transparent rates and no hidden fees, a point the company emphasises for carriers tired of surprise charges. Funding is fast after invoice verification, onboarding is simple, and account tools track invoices and reserves clearly. The company serves owner-operators and small fleets.
The service range is smaller than Triumph's, and the fuel programme is thinner than RTS or Apex. For a carrier that wants clear, honest factoring pricing without fee surprises, OTR Solutions is the most transparent choice.
What we like- Transparent rates with no hidden fees
- Fast funding
- Simple onboarding
Watch out for- Smaller service range than Triumph
- Fuel programme is thinner
Starting priceSee website
Free planNo
Thunder Funding factors freight invoices for small carriers and owner-operators, with fast onboarding and recourse-free options that protect carriers if a broker fails to pay. The fee structure stays simple, and funding moves quickly after verification. The company suits carriers that want a straightforward factor without enterprise process.
Scale is smaller than RTS or Triumph, and the service range is narrower. For a small carrier that wants recourse-free factoring with fast setup, Thunder Funding is a good fit.
What we like- Fast onboarding for small carriers
- Recourse-free options
- Simple fee structure
Watch out for- Smaller company with less scale
- Service range is narrower
Starting priceSee website
Free planNo
eCapital offers freight factoring plus broader freight finance, including lines of credit and equipment options, at a scale that serves owner-operators through large fleets. The flexibility suits carriers whose needs change with growth, from simple invoice factoring to fuller financing. Account tools and support cover the standard factoring workflow.
Pricing is quote-based, and the process can feel corporate for a single-truck carrier. For a carrier that wants flexible financing that grows with the business, eCapital is a versatile choice.
What we like- Flexible factoring plus freight finance options
- Large scale
- Serves fleets and owner-operators
Watch out for- Pricing is quote-based
- Process can feel corporate for tiny carriers
Starting priceSee website
Free planNo
AltLINE, the factoring division of The Southern Bank Company, offers bank-backed freight factoring with competitive rates and the stability of a bank partner. The company serves carriers and fleets that want a regulated, stable factor rather than a non-bank finance company. Rates suit carriers with solid invoice quality.
Bank processes run slower than non-bank factors, and qualification is stricter. For a carrier that values bank stability and competitive rates over the fastest onboarding, AltLINE is the most bank-backed choice.
What we like- Bank-backed factoring from The Southern Bank Company
- Competitive rates
- Stable partner
Watch out for- Bank process is slower than non-bank factors
- Qualification is stricter
Starting priceSee website
Free planNo
CoreFund Capital offers straightforward freight factoring for carriers, with fast funding after invoice verification and simple terms. The company suits owner-operators and small fleets that want factoring without extra services or complex contracts. Account tools track invoices and payments plainly.
The service range is smaller than RTS or Triumph, with less fuel and compliance support. For a carrier that wants simple, fast factoring and nothing extra, CoreFund Capital is a clean choice.
What we like- Simple factoring for carriers
- Fast funding
- Straightforward terms
Watch out for- Smaller service range
- Less fuel and compliance support than RTS
How we chose
We compared factors on their published rates, funding speed, recourse terms, pricing pages and public reviews from carriers. We favoured companies with fast funding, clear fee schedules, recourse-free options and carrier support services. Prices were marked "See website" because factoring rates are quoted by volume and credit quality. We did not claim hands-on testing.
Recourse versus non-recourse factoring
The most important contract term is recourse. In recourse factoring, the carrier must repay the factor if the broker or shipper fails to pay, while in non-recourse factoring the factor absorbs that credit risk, usually at a higher rate. Non-recourse suits carriers that haul for new or risky brokers, while recourse suits carriers with trusted broker relationships and lower rates.
Also check reserves, minimums and termination terms. Factors hold a reserve percentage until the broker pays, charge fees for wires and account setup, and may require minimum monthly volumes or long contracts with early termination fees. Compare the full cost, not the headline rate, and ask for a sample settlement statement before signing.
Choosing a factor should include a cash-flow test. Take last month's invoices, apply each shortlisted factor's full fee schedule including reserves, wire fees and minimums, and compare the actual cash you would have received and when, since headline rates hide the real cost. Call two current clients of each factor, preferably carriers your size, and ask about funding speed on disputed invoices, responsiveness when a broker pays late, and any fee surprises in the first year. Check the contract's termination clause and notice period before signing, because a factor that is hard to leave traps you even if service declines. Keep a reserve fund of your own alongside factoring, since even same-day funding leaves gaps when paperwork or verification stalls.
Broker credit checks protect carriers more than any rate discount. Before hauling a load for a new broker, check that broker's credit rating, days-to-pay history and complaint record through your factor or a credit service, and refuse loads from brokers with poor payment histories even when the rate looks attractive. A single unpaid invoice wipes out the margin on many good loads, so credit discipline is profit discipline. Set a personal rule, such as no loads for brokers paying beyond forty-five days without factor approval, and stick to it when capacity is tight, since tight markets tempt carriers into risky freight. The best factor relationship includes honest broker guidance, and carriers should use it.
Frequently asked questions
What is freight factoring?
Freight factoring turns unpaid freight invoices into same-day cash. A carrier sells its freight bills to a factor at a discount, the factor advances most of the invoice value immediately, and the factor collects from the broker or shipper. The carrier gets cash flow without waiting 30 to 60 days for broker payment.
How much does freight factoring cost?
Factors typically charge a percentage of invoice value, often 1 to 5 percent depending on volume, invoice quality and recourse terms, plus fees for wires, reserves and setup. Compare the full fee schedule and a sample settlement statement, not just the headline rate, since add-on fees change the real cost.
What is the difference between recourse and non-recourse factoring?
In recourse factoring, the carrier repays the factor if the broker fails to pay. In non-recourse factoring, the factor absorbs that credit risk, usually at a higher rate. Non-recourse suits carriers hauling for new or risky brokers, while recourse suits carriers with trusted broker relationships.
How fast do factors pay?
Most factors fund the same day after invoice verification, with the advance landing by wire or ACH. Verification time depends on the broker and paperwork quality, so clean invoices with proof of delivery fund fastest. Ask the factor for its typical funding timeline before signing.
Do I need good credit to factor freight invoices?
Factoring depends more on your customers' credit than yours, since the factor collects from brokers and shippers. Carriers with weak personal credit can often still factor if their brokers pay reliably. The factor will check broker credit and may reject invoices from risky brokers.
Can owner-operators use freight factoring?
Yes. Most factors serve owner-operators, with RTS Financial, Apex Capital, OTR Solutions and Thunder Funding particularly focused on small carriers. Minimums and rates vary, so compare several factors and check whether minimum monthly volumes fit a single truck's output.
Sources we checked (8)
- https://www.rtsfinancial.com
- https://apexcapitalcorp.com
- https://www.triumphbusinesscapital.com
- https://otrsolutions.com
- https://thunderfunding.com
- https://ecapital.com
- https://altline.sobanco.com
- https://corefundcapital.com
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.
RTS Financial
Apex Capital
Triumph Business Capital
OTR Solutions
Thunder Funding
eCapital
AltLINE
CoreFund Capital