COMPARE FACTORS / UPDATED OCTOBER 2026
The best factoring companies for trucking fit your situation
There is no single best factor. The right one depends on how old your authority is, how many trucks you run, how your brokers pay and what you need the money for. Here is how to compare them fairly. Disclosure first: we refer carriers to a factoring partner and may be paid for referrals. That is our factoring partner, and you should compare its quote like any other.
MONTHLY INVOICES
We refer carriers to a factoring partner and may be paid for referrals.
WHERE OUR PARTNER FITS
A referral, not a ranking
We are a dispatch service. When you ask for a factoring quote on this site, we pass your details to our factoring partner, and we may be paid for the referral. That doesn't make it the best choice for everyone, and the referral fee doesn't change your rate.
HOW TO USE A REFERRAL WELL
- Get our partner's quote and at least one other on the same invoices
- Compare the all-in cost, not the headline rate
- Read the contract term and exit terms before you sign anything
- Pick the one that fits, even if it isn't the one we referred
SITUATION PICKER
Best factoring company for trucking, by situation
Pick the situation closest to yours. The board shows what matters most and the questions that separate a good fit from a bad one.
WHAT MATTERS MOST FOR: NEW MC
Approval for young authorities
Some factors limit new carriers or offer lower advances at first.
Broker credit checks
A factor that checks brokers for you protects a new carrier from slow payers.
Funding speed
Startup cash is tight; next-day funding matters more than a small fee difference.
ASK EVERY FACTOR
- 01Do you work with authorities under six months?
- 02Are terms different for new carriers?
- 03How fast do you fund the first invoice?
WHAT MATTERS MOST FOR: ONE TRUCK
All-in cost per invoice
On a single truck, per-invoice fees and minimums hit harder.
No minimums
A slow month shouldn't cost you a minimum fee.
Short contract
Month-to-month or a short term keeps you free to switch.
ASK EVERY FACTOR
- 01Is there a monthly minimum?
- 02What does one $2,000 invoice cost me all-in?
- 03Can I leave with short notice?
WHAT MATTERS MOST FOR: SMALL FLEET
Volume pricing
Rates usually drop as monthly volume grows.
Reporting
Per-truck and per-broker reporting helps run payroll.
Multiple drivers' paperwork
Easy uploads from several drivers save the office time.
ASK EVERY FACTOR
- 01What rate do I get at my monthly volume?
- 02Can drivers submit paperwork directly?
- 03What reports do I get?
WHAT MATTERS MOST FOR: NEED FUEL ADVANCES
Fuel advances at pickup
Cash for fuel before delivery, deducted from the invoice.
Fuel card program
Discounts at fuel stops can offset part of the factoring fee.
Fees on advances
Advances are convenient but usually cost extra.
ASK EVERY FACTOR
- 01Do you offer fuel advances, and at what fee?
- 02What fuel discounts come with your card?
- 03Is the card required?
COMMONLY COMPARED
Top factoring companies for trucking carriers ask about
These are among the factoring companies carriers most often compare. We don't publish rates for them: factors quote each carrier individually, and terms change. Go to each company's own site for its current terms, then compare quotes on the same invoices.
Listing a company here is not a recommendation or a partnership. Lists of the best freight factoring companies and factoring company reviews can help, but read them for patterns in contract and release complaints rather than star counts.
HOW TO COMPARE
Good factoring companies pass these six
Use the same yardstick for every quote. Typical fees run about 1% to 5% per invoice, most carriers paying 1.5% to 4%, with advances around 70% to 95%. A quote far outside that range needs a closer look either way.
| Criteria | What good looks like | Red flag |
|---|---|---|
| All-in cost | One number per invoice, with every fee included | Rate quoted alone, fees "depend" |
| Advance and reserve | Clear advance, reserve released promptly | Reserve held for months |
| Recourse | Plain list of what non-recourse covers | "Non-recourse" with many exclusions |
| Contract | Short term, simple exit | Auto-renewal with a narrow cancel window |
| Load choice | Factor the loads you choose | Every invoice required, no exceptions |
| Accessorials | Detention and lumper receipts factored with the load | Accessorials paid only after the broker pays |
SOURCE: FreightWaves Checkpoint, TYPICAL FEE AND ADVANCE RANGES, UPDATED FEBRUARY 2026, CHECKED OCTOBER 2026.
QUESTIONS TO ASK
Before you sign anything
- What will a $2,000 invoice cost me, all in?
- How much is advanced and when is the reserve released?
- Exactly which non-payment reasons are covered?
- How long is the contract, and how do I leave?
- Must I factor every load?
- How are detention and lumper receipts handled?
- How quickly do you send release letters when I leave?
ACCESSORIALS
The detail most comparisons miss
Most factor comparisons stop at the rate. For carriers who wait at docks, accessorials matter as much. Detention, layover and lumper money can add up to real dollars every month, and factors handle them differently: some fund them with the load if the paperwork is there, others only after the broker pays.
Ask each factor how it treats an invoice with a detention line and a lumper receipt. When we dispatch your truck, we gather those documents with the load paperwork so they reach your factor with the invoice. More on costs in factoring rates and on protection in non-recourse factoring.
QUESTIONS
Best truck factoring companies, answered
We refer carriers to a factoring partner and may be paid for referrals. Back to all factoring guides.
01Which factoring company is best for trucking?
The one whose all-in cost and contract fit your situation. A new authority needs approval and fast funding; a fleet needs volume pricing and good reporting; a carrier with slow brokers may want non-recourse. Get two or three quotes on the same invoices and compare the total cost and terms side by side.
02What should I look for in a factoring company?
The all-in fee on a real invoice, the advance and reserve, recourse terms, contract length and exit terms, whether you must factor every load, how accessorials like detention and lumpers are handled, funding speed, and how fast they release you if you leave.
03Is non-recourse always better?
Not always. Non-recourse usually costs more, and it typically covers only a broker's credit failure, such as bankruptcy, not disputes over the load or paperwork. If your brokers are well-established, recourse with a lower fee can cost less overall. Read exactly what non-payment reasons are covered.
04Do factoring companies charge hidden fees?
Some charge fees beyond the headline rate: per-invoice charges, ACH or wire fees, monthly minimums, credit check or application fees, and early termination fees. None of these are hidden if you ask for an all-in example before you sign, which is why we suggest doing exactly that.
05Which factoring companies accept new MCs?
Many do, because approval depends mostly on your brokers' credit rather than your history. Policies change, so ask each factor directly whether it works with authorities under six months and whether new carriers get different terms, such as lower advances or higher fees.
ONE QUOTE TO COMPARE
Get a quote to compare
Three short steps. our factoring partner sends a quote, and you weigh it against the others. Need loads too? Our dispatchers book them and every rate con comes to you to sign. We refer carriers to a factoring partner and may be paid for referrals.
Fee on gross load revenue, only on loads you haul. 7% while your MC is under 6 months.