See our top-ranked company that is rated 4.7/5 stars by 900+ carriers, and check out 6 alternatives ranked by rate, funding speed, and contract terms.
Compare All 7 Companies ↓
✓ BOLT: instant 24/7/365 funding, no cutoff
✓ True non-recourse factoring available
✓ No contract & no minimums
✓ OTR Fuel Card with avg $0.51/gal savings
+ 6 more companies ranked below ↓
We did the research so you don't have to: independent rankings powered by 7,000+ real carrier reviews.
Ordered by overall score: rates, funding speed, contract flexibility, and real carrier reviews.
1
★ Top Pick
Carriers wanting instant funding 24/7 that is true non-recourse and no monthly minimums
9.9
1
★ Top Pick
9.9
Starting at 2%
RATE
Instant 24/7/365
FUNDING Speed
Month-to-Month
TERMS
Both
RECOURSE TYPE
Still accepting new customers. Full-service freight factoring where you get funded within minutes, 24/7, and it's always true non-recourse (no chargebacks ever) with no monthly minimums or volume limits. To top it off, they have a Fuel Card saving an average $0.51/gallon at 8,000+ stations.
Pros
Cons
Real carrier reviews
"I have been factoring for 4 years now and hands down the best decision. Staff is friendly, helpful and will go above and way beyond to help with your needs. Great Experience always"
JM
Janet Murray
Owner-Operator
★★★★★
“Great company to partner with, quick and efficient payment every time. Tremendous help with cash flow! Thanks Tyler and team!”
VS
Victor Saucedo
Owner-Operator
★★★★★
“OTR has been absolutely amazing! As a new company, having funding that’s fast and reliable is key! My account manager is always on right on time with any questions or concerns I may have."
SL
StraightRun Logistics
Carrier
★★★★★
“I had an excellent experience with Megan Yenney from OTR Solutions. Her communication was clear and timely, and her customer service was outstanding. Whenever I needed assistance, Megan was always there.”
RT
Rami T.
Owner-Operator
★★★★★
“Always taken care of their clients first, easy going factoring company, the fact that team Mitchell P. Furey works with us and always taken care of us we love working with OTR. Been with them in business for a little over 3 years and best in da Business”
CE
Cobra Express LLC
Owner-Operator
★★★★★
“The very best in factoring. There is no other company that can pay you this fast & Bolt OMG is ridiculously fast! Hands down don’t even allow other company’s to entertain you OTR will pay you in a matter of 5 seconds it’s instant.”
Peters Complete Trucking
Trucking Company
★★★★★
“Very well run organization. They always get the job done. Most brokers and shippers are approved. The only true none recourse factoring company that I know of even though many other claim that. Well worth the money.”
Andrew Goans
Owner-Operator
★★★★★
“Very pleased with there service. My account manager is the best. Hannah. She always takes the time to talk with me directly when issues arise. I've used OTR for 2 years now and would recommend it to everyone”
Pytko Logistics
Carrier
★★★★★
"Emily Seiler and her team are very professional. They take care of all my concerns and needs in a timely manner since 2021. They also have a Spanish Speaking Team that offers great Service to the Hispanic customers. Thanks Arturo for all your help!”
Sabor A Miel
Carrier
2
Runner Up
Owner-operators wanting transparent pricing with no hidden fees and no reserves
9.5
2
Runner Up
9.5
3.25%
RATE
Same-day
FUNDING Speed
Month-to-Month
TERMS
Recourse
RECOURSE TYPE
Honest, carrier-first factoring with a single flat fee, no hidden fees, no reserves held (you get the full invoice minus the fee), no monthly minimums, and a Bobtail Zero Mastercard fuel card saving an average $0.59/gallon. Approvals in as little as 5 minutes.
Pros
Cons
also reviewed
3
New carriers wanting a startup-friendly factoring partner
8.7
3
8.7
Starting at 2%
RATE
Instant 24/7
FUNDING Speed
Month-to-Month
TERMS
Both
RECOURSE TYPE
One of the most established factoring companies (est. 1995) with 31+ years of experience. 24/7/365 funding via blynk with both recourse and non-recourse, and has a startup program for new carriers plus unlimited free broker/shipper credit checks.
Pros
Cons
4
Established carriers wanting non-recourse from a 57-year veteran
8.5
4
8.5
Starting at 2%
RATE
Same-day
FUNDING Speed
Minimum 3 Months
TERMS
Non-recourse
RECOURSE TYPE
One of the oldest factoring companies in the U.S. (est. 1969) with 57+ years of experience. Specializes in full non-recourse factoring with same-day funding, no setup costs, no monthly minimums. U.S. and Canada.
Pros
Cons
5
Mid-to-large carriers needing up to 100% advance rate
7.7
5
7.7
Starting at 1%
RATE
Same-day
FUNDING Speed
3 Month Minimum
TERMS
Both
RECOURSE TYPE
One of the largest freight factoring companies in the U.S. (est. 2006), offering up to 100% advance rates, same-day funding, and full back-office support. Best for established, higher-volume carriers who can work within the contract terms.
Pros
Cons
6
Carriers who fuel at Love's wanting bundled discounts
7.3
6
7.3
Quote Req.
RATE
Within 60 Minutes
FUNDING Speed
Month-to-Month
TERMS
Both
RECOURSE TYPE
The freight factoring division of Love's Travel Stops was established in 2014. Up to 99% advance with 60-minute funding and $0.30/gallon fuel discounts at Love's locations.
Pros
Cons
7
Carriers wanting high advance rates + Pilot Flying J fuel discounts
6.4
7
6.4
Starting at 1%
RATE
Same-day
FUNDING Speed
Minimum 12 Months
TERMS
Both
RECOURSE TYPE
One of the largest factoring companies in the U.S. with a 97% advance rate and deep Pilot Flying J integration for fuel discounts. The RTS Pro app handles invoicing, broker credit checks, and load finding in one place. However, beware of 12 month contracts and contract termination fees.
Pros
Cons
Selecting a freight factoring company is about more than just getting cash quickly—it’s about finding a trustworthy partner who understands your industry and your business. Great factoring companies aren't always the cheapest company with the lowest factoring rates. Whether you're looking for the top freight factoring companies for fleet managers, or the top truck factoring companies for owner operators, you should feel good about your decision. Before you jump into any agreements, there are some things you should keep in mind as you figure out which company is best for you. Check out these five key factors to ensure you’re partnering with a company that delivers both in service and value:
You’ll find fees everywhere, but the key is transparency. Some factoring companies try to draw you in with low rates, but have sneakily high fees and poor customer service. Look for companies that clearly spell out their rates and any additional fees. Be wary of those “low rates” that come with hidden costs or complicated terms. Our freight factoring calculator shows your true effective rate with every fee included.
The advance rate is how much of your invoice the company gives you upfront. A good factoring company typically offers between 70% to 90%. Aim for the higher end if you don’t want to feel like you’re making a small withdrawal from a very picky ATM. It is your money after all. The factoring calculator shows your exact same-day cash at any advance rate.
Look for a factoring company with responsive, accessible customer service. The best factoring companies have a dedicated account manager, so you know who you're looking to call. It’s not just about getting answers—it’s about getting them quickly. Imagine calling in and actually speaking to someone who doesn’t need a script to answer your questions. It’s possible, and it’s worth it. If the factoring reviews online mention high praise for account managers by name, that's usually a good sign.
Regardless of what your company representative has said, always, always, always read the contract before you sign since that is the only thing that matters. Watch out for long-term commitments, early termination fees, or onerous conditions that could tie you down. A flexible contract allows you to scale up or down based on your needs. The best factoring companies offer terms that allow you to choose your contract length, factor the invoices you choose, and let you terminate your contract without any fees. Reading the terms of your contract should not feel like reading a riddle, so go with a company that’s upfront about its terms, conditions, and fees.
Not all factoring companies know their freight from their flatbeds. Choose a company that’s got the freight industry in their DNA, and specialized in freight factoring. They should understand your invoices as well as you understand your morning coffee order. When they speak the same language, you’ll get better service and fewer headaches.
OTR Solutions has emerged as our top pick for the best freight factoring company, and it's not hard to understand why. OTR Solutions has been around for over a decade and is both a member of the esteemed International Factoring Association and has a BBB accreditation. Here are a couple of reasons why we believe OTR Solutions is a standout factoring partner:
With their innovative BOLT software, OTR Factoring Solutions works to make sure your funds are available in minutes. Getting your money quickly is fundamental to making sure you can keep your truckers on the road, so their rapid funding system delivers when you need it most.
OTR Factoring Solutions has the most popular app for factoring on this list of companies. The app gets rave reviews because it's helpful, straightforward, and makes its users' lives much easier. Customers love that it only takes a minute to submit an invoice, offers a fuel finder feature to help you save money on fuel, and allows you to search over 90,000 brokers and customers for an immediate approval status.
Enjoy the flexibility of 96% advance on non-recourse factoring and fees starting as low as 2%. OTR Solutions Factoring understands that every business has unique needs, which is why they offer customizable contract lengths, and in some cases, customized rates. In addition, you do not need to factor a minimum number of invoices per month, meaning you have the flexibility to choose which invoices you'd like to factor.
OTR Solutions Factoring provides free credit checks on brokers, helping you make informed decisions about the brokers you choose to work with. Plus, their dedicated account managers offer personalized support, making sure that you've always got a partner in your corner helping you when you need it.
OTR Solutions boasts impressive customer feedback with a 4.7/5 rating on Google Reviews out of 900+ reviews and a 4.9/5 rating on their app from over 1,200 reviews. This combination of high ratings, and an A+ rating from the BBB underscore their dedication to providing excellent service.
Excellent customer service: Many carriers praise OTR Solutions for its responsive support. One reviewer notes, "The team is very responsive, courteous, and always professional," and another says, "OTR service goes an extra mile to help you out on any situation."
Quick funding speed: The company is repeatedly commended for fast, reliable payment processing. One reviewer mentioned, "My company receives payments promptly from OTR without fail." Many customers agree: "The BOLT transfer is very efficient," and "The app is very easy and accessible to use."
Professionalism: One review captures the recurring theme: "They are truly phenomenal in processing payments quickly and efficiently." Others echo it: "The team at OTR Solutions makes factoring a breeze!" and "I've been with OTR since I started my own authority; they are absolutely the BEST."
While Bobtail Capital did not snag the top spot in our rankings, it's absolutely still a great choice for your factoring needs. Bobtail Factoring has been around for nearly a decade and is both a member of the esteemed International Factoring Association and has a BBB accreditation. Here are a couple of reasons why we believe Bobtail is a standout factoring partner:
With an A+ rating from the Better Business Bureau (BBB) and a nearly perfect 4.9/5 rating on Trustpilot, Bobtail Capital is a company that truckers trust. These ratings are not just numbers—they reflect the consistent, high-quality service that clients receive. The fact that they’ve had zero BBB complaints in the past 12 months speaks volumes about their dedication to customer satisfaction.
One of the biggest pain points in freight factoring is getting locked into rigid contracts with hidden fees. Bobtail Factoring avoids this trap by allowing you to tailor your factoring agreement to your business needs. Bobtail also strives for complete transparency—there are no hidden fees, which is a significant advantage in an industry where unexpected costs can quickly hurt your business. This straightforward approach means you can factor your invoices without worrying about surprise charges later on in your journey.
Bobtail Capital understands that not every trucking company operates at high volumes, which is why they impose no minimum volume requirements. It doesn't matter if you’re a one-truck operation or manage a large fleet, Bobtail Capital provides the same level of service. This means that even the smallest companies can access the cash flow they need without worrying about hitting your volume numbers.
Beyond their core services, Bobtail Capital offers additional benefits designed to support your operations. Their fuel card programs provide savings on essential expenses, while free credit checks on brokers help you avoid working with unreliable partners. Moreover, their mobile app is designed for ease of use, giving you quick access to your account details and transactions, even on the go.
Bobtail Capital's deep industry expertise helps them anticipate and address the unique challenges that trucking companies face. Furthermore, their combination of stellar ratings, flexible terms, and valuable extras makes them an excellent choice for any freight company looking for a factoring partner that truly understands the industry. Whether you’re managing a small operation or a large fleet, Bobtail Capital is equipped to help you maintain a steady cash flow and keep your business moving.
How do these companies stack up on Google/TrustPilot Ratings and Company age?
All four are featured picks. Compare the key terms before you apply.
Straight answers to what carriers ask most before choosing a factoring company.
How much do factoring companies charge for trucking?
Most trucking factoring companies charge between 1% and 5% of each invoice. The exact rate depends on your monthly volume, how quickly your brokers pay, and whether you choose recourse or non-recourse factoring. Lower rates are not always better. Some factoring companies advertise low rates, but add hidden fees that increase your total costs. To see what any quoted rate costs you per month at your volume, run your numbers in the freight factoring calculator.
What is freight factoring and how does it work?
Freight factoring is when a trucking company sells unpaid invoices to a factoring company in exchange for immediate cash, and this usually happens within the same business day. Instead of waiting 30 to 90 days for brokers to pay, you get up to 97% to 100% of the invoice value upfront. Factoring is not a loan; there's no debt and no credit check on you.
What is the difference between recourse and non-recourse factoring?
With recourse factoring, you’re responsible if a broker doesn’t pay the invoice. With non-recourse factoring, the factoring company takes on that risk. Non-recourse typically costs slightly more but protects your cash flow. OTR Solutions offers true non-recourse factoring, while Bobtail Capital is recourse only and offsets that risk with free broker credit checks and a lower flat fee.
What is the best factoring company for trucking in 2026?
Based on our independent research comparing rates, contract terms, funding speed, and real carrier reviews, OTR Solutions is the #1 factoring company for trucking in 2026. They offer non-recourse factoring, same-day funding, no hidden fees, and a dedicated account manager for every client. Bobtail is a very close second with carrier-first contract terms.
How fast can I get funded with freight factoring?
The fastest factoring companies fund within minutes of submitting an invoice. Most top-ranked companies on our list offer same-day funding. OTR Solutions offers BOLT Instant Payment, which means you get paid within minutes and these payouts happen 24/7, including weekends and holidays.
Can freight brokers use these factoring companies?
Most factoring companies on this list work exclusively with carriers and owner-operators, not freight brokers. If you’re a broker looking for factoring, this site might not be the right resource.
Choosing a factoring partner is a deeply personal decision, so we make sure that we maintain a high level of care and attention to detail to our analysis. We go beyond the top five factoring companies that Google suggests, and explore well-established firms and rising stars in the industry. After carefully evaluating dozens of contenders, we’ve narrowed it down to the top 7 companies according to our thorough ranking criteria. While some of these companies are CFS partners, their partnership status does not affect the review process and they cannot pay to be included in or rank higher in our reviews. For more on how we rate, feel free to visit our Rankings Methodology Page.
OTR Solutions — Instant 24/7 funding, no contract, no hidden fees. 4.7/5 across 900+ carrier reviews.