See our top-ranked company that is rated 4.9/5 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 ↓
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
FUNDING
Month-to-Month
TERMS
Both
RECOURSE
Premium full-service freight factoring where you get funded within minutes, 24/7. 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
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
Month-to-Month
TERMS
Recourse
RECOURSE
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
Month-to-Month
TERMS
Both
RECOURSE
One of the most established factoring companies (est. 1995) with 29+ 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 55-year veteran
8.5
4
8.5
Starting at 2%
RATE
Same-day
FUNDING
Minimum 3 Months
TERMS
Non-recourse
RECOURSE
One of the oldest factoring companies in the U.S. (est. 1969) with 55+ 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
Staring at 1%
RATE
Same-day
FUNDING
3 Month Minimum
TERMS
Both
RECOURSE
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
Month-to-Month
TERMS
Both
RECOURSE
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
Minimum 12 Months
TERMS
Both
RECOURSE
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
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.
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 30–90 days for brokers to pay, you get up to 97%–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 and Bobtail Capital both offer non-recourse options.
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. 4.9/5 across 900+ carrier reviews.