Rankings Staging

Q: What is the difference between recourse and non-recourse factoring?

With recourse factoring, you're responsible if a broker or shipper doesn't pay the invoice — the factoring company charges it back to you. With non-recourse factoring, the factoring company takes on that risk. Non-recourse typically costs slightly more (0.5%–1% higher rates) but protects your cash flow if a broker goes bankrupt or refuses to pay. Most carriers prefer non-recourse if available. On our rankings, OTR Solutions and Apex Capital Corp both offer non-recourse options.

OTR Solutions

9.9

Carriers and small fleets wanting instant 24/7 non-recourse funding with no minimums and a strong fuel card program

Rate

~3% (recourse) / ~4% (non-recourse)

Funding

Instant 24/7/365 via BOLT

Terms

No contract / No minimums

Recourse

92% (recourse) / 96% (non-recourse)

4.9/5 (900+ reviews)

Google

4.5/5 (330 reviews)

Trustpilot

CFS SCORE

9.9

★★★★★

Full-service freight factoring and transportation technology company offering both recourse and true non-recourse factoring with instant 24/7 funding via BOLT, a fuel card saving avg $0.51/gallon, and 39 TMS integrations.

Pros

Truly Instant 24/7/365 funding via BOLT system
True non-recourse factoring (absorbs credit risk)
No monthly minimums, volume limits, or credit restrictions
OTR Fuel Card saves avg $0.51/gallon at 8,000+ stations
39 TMS software integrations for seamless operations
Mobile app for invoice submission, broker checks, and payment tracking

Cons

Non-recourse rate (~4%) is higher than many competitors' recourse rates
Advance rates (92-96%) lower than some competitors offering 97-100%
Some BBB complaints about contract termination processes

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Bobtail Capital

9.5

Owner-operators and small fleets wanting simple, transparent pricing with no reserves and same-day pay

Rate

1.99% – 3.24%

Funding

Same-day (before 11 AM EST)

Terms

30-day agreement; cancel anytime after 90 days

Recourse

~97-98% (no reserve held)

4.7/5 (205 reviews)

Trustpilot

CFS SCORE

9.5

★★★★★

Modern fintech-driven factoring company combining freight factoring with a fleet fuel card and lightweight TMS. Single flat factoring fee with no reserves and no hidden charges — among the most transparent pricing in the industry.

Pros

Simple, transparent single-fee pricing (1.99-3.24%)
No reserve held — you get the full invoice minus just the fee
No monthly minimums or volume requirements
Bobtail Zero Mastercard fleet card saves avg 59 cents/gallon
Built-in TMS with mobile and web invoice tracking
Fast approval (as quick as 5 minutes)

Cons

Recourse only — no non-recourse option available
Same-day funding requires submission before 11 AM EST
Relatively newer company (founded 2015)

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Apex Capital Corp

9.2

New trucking companies and owner-operators who want a startup-friendly factoring partner with 24/7 funding

Rate

~1.5% – 3.5% (custom quote)

Funding

Minutes via blynk (24/7/365)

Terms

No contract / No minimums

Recourse

80% – 90%

4.5/5 (58 reviews)

Trustpilot

CFS SCORE

9.2

★★★★★

One of the most established freight factoring companies (est. 1995). Offers both recourse and non-recourse options with custom rates, 24/7 funding via blynk payment system, and a comprehensive startup program for new carriers.

Pros

29+ years in business — well-established and trusted
24/7/365 funding via blynk digital payment system
Both recourse and non-recourse options
Free Apex TCS Fuel Card saves avg 47 cents/gallon
Startup Program for new carriers (authority, compliance, insurance)
Unlimited free credit checks on potential customers

Cons

Advance rates (80-90%) lower than competitors offering 95-97%
Rates not publicly disclosed — must apply for a quote
Fewer Trustpilot reviews compared to larger competitors

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Riviera Finance

8.7

Established carriers who want non-recourse protection and same-day funding from a 55+ year industry veteran

Rate

Starting ~2% (not publicly disclosed)

Funding

Same-day / within 24 hours

Terms

3 – 24 months (most common: 6 months)

Recourse

Up to 95%

4.8/5 (Google)

Google

3.8/5 (2 reviews)

Trustpilot

CFS SCORE

8.7

★★★★★

One of the oldest factoring companies in the U.S. (est. 1969) with 55+ years of experience. Specializes in full-service non-recourse factoring with same-day funding, no setup costs, and no monthly minimums. Operates across U.S. and Canada.

Pros

55+ years in business — one of the most established in the industry
Full non-recourse factoring (Riviera assumes all credit risk)
Same-day funding with no setup costs
No monthly minimums or hidden charges
TCS Fuel Card saves avg 52 cents/gallon at ~1,800 locations
Operations across U.S. and Canada

Cons

Rates not publicly disclosed — requires direct consultation
Contract lengths of 3-24 months may not suit month-to-month carriers
Very limited Trustpilot presence (only 2 reviews)
Advance rate (up to 95%) lower than some competitors

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eCapital

8.2

Mid-to-large carriers needing up to 100% advance with same-day funding and full back-office support

Rate

1% – 5%

Funding

Same-day / within 24 hours

Terms

Contract required; early termination fee (1-5% of account limit)

Recourse

Up to 100%

3.9/5 (1,527 reviews)

Trustpilot

CFS SCORE

8.2

★★★★★

One of the largest freight factoring companies in the U.S. (est. 2006), headquartered in Miami, FL. Offers up to 100% advance rates with same-day funding, an EFS Fuel Card, and full back-office support. Grew aggressively through acquisitions.

Pros

Up to 100% advance rate — among the highest in the industry
Same-day funding available
EFS Fuel Card with 8¢/gallon discount
Dedicated personal account manager with back-office support
Free unlimited credit checks
No minimum invoice volume requirements

Cons

Early termination fees (1-5% of account limit)
Setup/due diligence fee charged upfront
Mixed reviews — complaints about contract exit difficulty, delayed reserve refunds, and communication issues
90-day relationship period with only 30 days to evaluate

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Love’s Financial

7.8

Carriers who fuel at Love’s and want to bundle factoring with $0.30/gallon fuel discounts

Rate

Quote required (volume-based)

Funding

60 minutes – 24 hours

Terms

No long-term contracts

Recourse

Up to 99%

CFS SCORE

7.8

★★★★★

The freight factoring division of Love’s Travel Stops (est. 2014). Offers up to 99% advance with 60-minute funding, dedicated account managers, and $0.30/gallon fuel discounts at Love’s locations. Acquired TBS Factoring, Saint John Capital, and Financial Carrier Services in December 2025.

Pros

Up to 99% advance rate — among the highest in the industry
60-minute funding available
$0.30/gallon fuel discount at Love’s locations when bundled with Express card
No long-term contracts or hidden fees
Dedicated account manager with multi-channel support
Backed by Love’s Travel Stops — massive nationwide infrastructure

Cons

Rates not publicly disclosed — must request a quote
$100 startup fee
Very limited online reviews (no Trustpilot presence)
Integration of TBS/Saint John/FCS acquisitions ongoing through early 2026

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RTS Financial

7.5

Carriers who want high advance rates (up to 97%) bundled with Pilot Flying J fuel discounts

Rate

1% – 4%

Funding

Same-day

Terms

12-month contract; auto-renewal; 60-day cancellation notice

Recourse

Up to 97%

4.2/5 (1,189 reviews)

Trustpilot

CFS SCORE

7.5

★★★★★

One of the largest freight factoring companies in the U.S., founded in 1995 as a subsidiary of Shamrock Trading Corporation. Closely integrated with Pilot Flying J, offering bundled fuel discounts and factoring services through their RTS Pro mobile app.

Pros

Industry-leading 97% advance rate
No ACH transfer or invoice processing fees
RTS Pro app for invoicing, credit checks, and load finding
Fuel Card with discounts at 3,000+ Pilot Flying J locations
Bundling fuel card + factoring lowers your factoring rate
Free broker/shipper credit reports

Cons

12-month contract with auto-renewal and 60-day cancellation notice
Not BBB accredited
Rates not disclosed upfront — must apply to learn fees
Mixed Trustpilot reviews with complaints about payment delays and contract issues

Apply Now →

Our Top Picks

Quick Comparison — Top 4 Companies

Company

Rate

Funding

Contract

Recourse

Action

OTR Solutions

1.5% – 3%

Same day

No contract

Non-recourse

Apply

Bobtail Capital

2% – 5%

Same day

No contract

Both

Apply

Apex Capital

1.5% – 5%

Same day

No contract

Both

Apply

Riviera Finance

2% – 5%

Same day

No contract

Both

Apply

Frequently Asked Questions

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. Our #1 ranked company, OTR Solutions, offers rates starting at 2% with no hidden fees.

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 — usually 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. It’s 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.

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 — payouts 24/7, including weekends and holidays.

Is this site free to use? How do you make money?

Yes — completely free. We earn a commission when you sign up with a ranked company through our links. This does not affect our rankings. We review every company the same way regardless of whether we have a partnership with them.

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 isn’t the right resource.

Still deciding? Start with our #1 pick.

Apply Now — OTR Solutions →

OTR Solutions — Instant 24/7 funding, no contract, no hidden fees. 4.9/5 across 900+ carrier reviews.

Clear Factor Solutions

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Best Factoring Companies for Trucking (2026)

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Our Top Picks

Quick Comparison — Top 4 Companies

Frequently Asked Questions

Still deciding? Start with our #1 pick.