Factoring, compared

The 1.5% headline is a 60-day teaser that requires a 1-year recourse contract; 'rate does not apply to sprinter vans or boxed trucks'. Ongoing rate and termination terms not published. NOTE: Porter pages fetched as truncated; intro-offer facts come from search snippets of porterfreightfunding.com pages (verify before publishing).

New authority OK: yes - dedicated pages 'New Authority Freight Factoring | Get Paid Fast as a New MC' and 'New Authority Trucking Hub'

Advance: 95% on the intro offer (Porter blog: '1.5% for the first 60 days, with a 95% advance rate on a 1-year recourse contract')

Fee: 1.5% intro rate for first 60 days; ongoing rate not published ('based on time in business, average invoice size, equipment type, and whether you choose recourse or non-recourse'); NerdWallet: flat-rate pricing

Recourse: both ('choose between recourse and non-recourse factoring')

Same-day pay: yes ('Same-Day Pay for Truckers'); cutoff time not published

Contract: intro offer tied to a '1-year recourse contract'; 'no minimum volume requirement' (NerdWallet: 'No monthly minimums with one to two trucks'); exit fees: not published

Pays us: Yes · $300 per funded referral, 'no limits or…. Source: ['https://porterfreightfunding.com/blog/intro-factoring-rate-for-truckers/', 'https://porterfreightfunding.com/blog/1-5-percent-factoring-rate/', 'https://porterfreightfunding.com/freight-factoring/new-authority/', 'https://porterfreightfunding.com/fuel-card/', 'https://www.porterfreightfunding.com/refer-a-friend/', 'https://www.nerdwallet.com/business/loans/learn/factoring-companies-trucking']

FAQ admits some plans carry minimum-stay terms and early termination charges, contradicting the 'no long-term contracts' marketing - ask which plan you're on. Up to 50% fuel advances offered (fee not published). ACH/wire fees not published.

New authority OK: yes - 'In many cases, you can qualify shortly after activating your authority, provided your business is properly registered, insured, and hauling for approved brokers or shippers'; 'set up and funded within 24 hours'

Advance: up to 98% (freight-factoring page); general FAQ says '80-90%' for non-trucking factoring

Fee: 'as low as 2%' (freight page); FAQ: 'average fees range from 1% to 3%'

Recourse: non-recourse ('true non-recourse with Summar Shield' - covers broker non-payment/delay beyond 90 days)

Same-day pay: yes - 'same-day funding for clean invoices submitted before 2PM'

Contract: 'No long-term contracts'; 'No monthly minimum requirements'; 'No reserve programs'; FAQ warns 'different programs, with and without minimum stay terms... you might have to pay early termination charges'

Pays us: Yes · 10% of Summar's fees every month for as…. Source: ['https://summar.com/', 'https://summar.com/freight-factoring/', 'https://summar.com/faq/', 'https://summar.com/freight-factoring-for-new-authorities/', 'https://summar.com/freight-referrals/']

Recourse-only: carrier is liable if broker does not pay. After the 90-day trial you are moved into a long-term contract (length not published on site). No reserve, no ACH/processing fees per FAQ.

New authority OK: yes - FAQ 'Can I factor as a new authority?': 'Yes. Many factoring companies work with new authorities and startups, as long as your customers (brokers/shippers) have strong credit profiles.'

Advance: not published on Bobtail site (blog: Bobtail does not 'hold your money in reserve'; third-party reviews describe 100% minus fee, unverified on provider page)

Fee: 'Negotiable Rates, Max 3.24%' (homepage); FAQ: 'usually 1.5%-3.5%'; blog: 'as low as 1.99%, based on your monthly volume'

Recourse: recourse only (blog: 'Bobtail provides recourse factoring for its clients')

Same-day pay: yes - same-day requires submission 'before 11 AM EST Monday through Friday' with funding by '6 PM EST'; 'Same-Day Pay, No Extra Charge'

Contract: 'You can cancel any time in the first 90 days without penalty'; FAQ: 'After a 90-day trial period, Bobtail moves you into a long-term contract'; 'No Hidden Fees or Monthly Minimums'; no volume requirements

Pays us: Yes · customer referral: $500 once referred c…. Source: ['https://www.bobtail.com/', 'https://www.bobtail.com/factoring/', 'https://www.bobtail.com/faqs-factoring/', 'https://www.bobtail.com/blog/recourse-vs-non-recourse-factoring/', 'https://www.bobtail.com/bobtail-factoring-affiliates/']

TAFS: tafs.com (incl. /factoring/ and /about/) now 301-redirects to ecapital.com; TAFS is no longer a standalone option. No rate schedule published; ACH/wire offered but fees not disclosed; recourse buyback after 60-90 days.

New authority OK: yes - 'Getting approved with eCapital is simple - even if you're just starting out. We evaluate the credit of your customers rather than relying only on your own credit history.'

Advance: up to 100% (freight page 'Up to 100% advance'; FAQ 'up to 98% of your combined Accounts Receivables' / 'up to 100% of the value of the invoice')

Fee: not published ('Costs are dependent on the services you use and the amount of invoices we collect')

Recourse: both ('Recourse or Non-Recourse Factoring Options')

Same-day pay: yes - 'Get paid in as little as 1 hour'; first funding 'no more than 48 hours'; cutoff not published

Contract: 'You are not required to sign long term contracts'; monthly minimums: not published; exit fees: not published

Pays us: Yes · affiliate: $50 USD CPA per qualified le…. Source: ['https://ecapital.com/freight-factoring/', 'https://ecapital.com/transportation/owner-operators/', 'https://ecapital.com/faqs/', 'https://www.tafs.com/factoring/ (redirects to ecapital.com)', 'https://ecapital.com/referrals/', 'https://www.fintelconnect.com/brands/directory/ecapital-affiliate-program/']

Fuel advances up to 50% of linehaul carry a fee: $15 via OTR Fuel Card, $24 via Comchek. Rates, advance %, contract length and termination terms are not published anywhere on the site; FAQ discusses 30/60/90-day written-notice requirements and early-termination fees generically.

New authority OK: yes - dedicated page 'Freight Factoring for New Authorities'; FAQ: 'No credit check is required to start factoring with OTR'; documents requested are proof of insurance, articles of ownership, operating authority

Advance: not published (OTR non-recourse page only says industry funding rates 'can be anywhere between 90% and 99%' depending on program; OTR's own figure not stated)

Fee: not published (FAQ: pairing factoring with the OTR Fuel Card takes 'up to 0.5% off your factoring rate')

Recourse: both (FAQ: 'OTR Solutions offers both recourse and non-recourse factoring'; flagship product marketed as 'True Non-Recourse')

Same-day pay: yes - 'Truly Instant Funding' to any bank account '24/7/365' on approved invoices; FAQ: 'Payment can happen in as little as 2-3 hours, with most invoices funded within 24 hours'; no cutoff time published

Contract: term: not published; monthly minimums: not published on OTR pages (NerdWallet lists 'No monthly minimums'); exit fees: not published

Pays us: Yes · $250 per referral via ACH within 60 day…. Source: ['https://www.otrsolutions.com/', 'https://otrsolutions.com/resources/faqs/', 'https://otrsolutions.com/freight-factoring-for-new-authorities', 'https://otrsolutions.com/solutions/true-non-recourse-factoring', 'https://otrsolutions.com/referral-program-terms/', 'https://www.nerdwallet.com/business/loans/learn/factoring-companies-trucking']

No published rate, advance %, or fee schedule; everything is custom-quoted. 24/7 blynk funding is limited to 'qualified trucking companies'. ACH/wire fees not disclosed.

New authority OK: yes (implied) - Apex Startup Program helps carriers 'form their companies, get active authority, and start hauling freight'; no explicit 'we accept new MCs' quote found on factoring pages

Advance: not published

Fee: not published (site: 'One standard rate does not fit all clients'; offers 'flat fees, tiered pricing, and volume-based discounts')

Recourse: both ('recourse and non-recourse programs')

Same-day pay: yes - 'Same-day and next-day funding'; 24/7 instant funding via blynk digital payment system 'including nights, weekends, and bank holidays' for qualified carriers; no cutoff time published

Contract: 'No long-term contracts required'; 'No monthly minimum volume fees'; FAQ: 'nor do we charge any monthly fees or cancellation fees'

Pays us: Yes · Not published. Source: ['https://www.apexcapitalcorp.com/factoring/', 'https://www.apexcapitalcorp.com/factoring/freight-and-trucking/', 'https://www.apexcapitalcorp.com/factoring/freight-and-trucking/faq/', 'https://www.apexcapitalcorp.com/startup/trucking-authority/', 'https://www.apexcapitalcorp.com/about/partners/partner-program/']

Non-recourse does NOT cover short-pays or disputes ('DOES NOT protect you from short-payments or non-payments due to the disputes on the load'). No rates or advance % published. Fees for wire/express code funding not disclosed.

New authority OK: yes - 'Thunder Funding works with new authorities' (Thunder blog); FAQ: 'startups and newly authorized carriers are often able to qualify'

Advance: not published

Fee: not published ('structured based on factors such as your company size, the brokers you work with, and the type of freight you haul')

Recourse: non-recourse (FAQ: 'By default all of our agreements are non-recourse' - excludes disputes/short-pays)

Same-day pay: yes - cutoff '12pm PST to send us your invoices for same-day payment and until 9pm PST for next-day payment'

Contract: 90-day initial term ('If after your 90 day contract is up... you're not bound to any long-term contract'); 'not required to submit a minimum number of invoices'; 'No Long Contracts'; termination fees not published

Pays us: Yes · referral: $200 account credit per frien…. Source: ['https://www.thunderfunding.com/', 'https://thunderfunding.com/thunder-faq/', 'https://thunderfunding.com/freight-factoring-rates-and-fees/', 'https://thunderfunding.com/best-freight-factoring-companies-for-truckers-2026-guide/', 'https://thunderfunding.com/referral/', 'https://thunderfunding.com/affiliate-program/']

Zero pricing transparency: no rate, advance, contract length, minimums or fee schedule published; own page lists possible 'Same-Day Funding Fees', 'Setup Fees', 'Monthly Minimums', 'Credit Check Fees' as things factors may charge without stating Single Point's own.

New authority OK: yes - 'Single Point Capital specializes in providing factoring for new authorities and new owner-operators'

Advance: not published for Single Point specifically (page cites industry 'typically around 80-100%')

Fee: not published (page cites industry 'typically ranges from 1% to 5%')

Recourse: both (recourse and non-recourse described)

Same-day pay: yes ('Get paid the same day for your freight bills'); cutoff not published

Contract: not published on provider site; 'Start-Up Program' referenced; third-party reviews cite a 90-day trial then annual contract (unverified on provider site)

Pays us: Yes · Not published. Source: ['https://www.singlepointcapital.com/', 'https://singlepointcapital.com/solutions/freight-factoring', 'https://singlepointcapital.com/resources/referral-program/', 'https://invoicefactoringindex.com/factoring/single-point-capital/']

Instant transfer to outside bank costs 1.0% (max $20); wire $20; ACH free; out-of-network ATM $2.50; international 1.0%. The 1.0% rate only applies to spend on the Outgo card; bank transfers are billed at the 3%/2.5% tier. Owner-operator tier is 3%.

New authority OK: not published on Outgo pages (third-party reviews say new authorities accepted; not verified on outgo.dat.com)

Advance: 100% (rates page, Rate Match eligibility); 'No reserves'

Fee: 3% owner-operator tier (<$18k/mo invoicing); 2.5% fleet tier ($18k-$80k/mo); custom above $80k; 1.0% on purchases made with the Outgo Card ('Smart Factoring'); rate-match guarantee for eligible carriers

Recourse: non-recourse ('Non-recourse so your business is protected' if broker becomes insolvent)

Same-day pay: yes - 'Four hours or less' for qualifying invoices; '75% of invoices get paid in 90 minutes or less'; DAT page: funds 'within 15 minutes' for eligible loads; 24/7 via Outgo Card

Contract: 'No annual contracts'; 'Free to cancel within 15 days'; 'No minimum fees'; 'no monthly minimums or volume limits'

Pays us: Yes · $500 per truck referred, up to $2,500. Source: ['https://outgo.dat.com/', 'https://outgo.dat.com/rates', 'https://www.dat.com/factoring', 'https://www.dat.com/solutions/factoring-rates', 'https://outgo.support.dat.com/2-outgo-account-cbd7e0c3/my-account-807d62c5/how-do-i-refer-friends-to-outgo-72aeab1e']

Bank factor with a real contract: 6-12 month term, auto-renewal, early termination fee, origination and renewal fees. No fuel card, no same-day. Does not charge debtor credit checks, invoice processing or monthly access fees.

New authority OK: not published (rates article: 'If your business is brand new, you may pay a higher fee than a long-standing trucking company')

Advance: 'up to 99% or higher' (freight page); rates article: trucking advance rates '99% and 100%'; NerdWallet: 'up to 100%'

Fee: '0.90% to 3.50% of the invoice value' (freight page); rates article: '0.75-3.50%'

Recourse: recourse (page: 'Most bank factoring companies implement recourse factoring'; both models described)

Same-day pay: no - '24 hours' for factored invoices; onboarding ~7 days

Contract: 'Standard freight factoring contracts are 6 to 12 months' with auto-renewal unless notice given; whole-ledger may be required depending on minimums; 'Early termination fee' applies; origination/filing fee and renewal fee listed; NerdWallet: 'No monthly minimums', 'Short-term contract required'

Pays us: Yes · Not published. Source: ['https://altline.sobanco.com/freight-factoring/', 'https://altline.sobanco.com/average-trucking-invoice-factoring-rates/', 'https://altline.sobanco.com/referral-partners/brokers/', 'https://www.nerdwallet.com/business/loans/learn/factoring-companies-trucking']

Denim.com now redirects to truckstop.com; Denim-branded refer-a-friend is for freight BROKERS only ($75k/mo revenue minimum). Express/instant funding carries an additional fee (amount not published). Annual contract option exists - confirm month-to-month at signup.

New authority OK: not published explicitly; FAQ: 'no minimum load requirement to get started, and most carriers receive a decision within 1-2 business days'

Advance: not published

Fee: not published (instant quote tool at app.denim.com; 'Estimated rates are for informational purposes only')

Recourse: non-recourse for carriers ('Truckstop Financial assumes that credit risk, subject to the terms of your factoring agreement'); recourse for brokers

Same-day pay: yes - 'typically get paid within 24 hours'; 'Express funding in minutes, including nights and weekends' - instant pay available 'for an additional fee'

Contract: carriers: 'Contracts are available month-to-month and annually'; 'no volume requirements'; 'There is no minimum load requirement'; 'no reserve accounts'; exit fees: not published

Pays us: No. Source: ['https://truckstop.com/factoring/', 'https://truckstop.com/product/factoring/', 'https://truckstop.com/frequently-asked-questions/', 'https://truckstop.com/truckstop-refer-a-friend/', 'https://market.partnerstack.com/page/truckstop', 'https://truckstop.com/wp-content/uploads/2024/07/20240710-Partner-Referral-Program-Terms-of-Participation.pdf', 'https://info.denim.com/refer-a-friend']

Advance is >90% (implies a reserve holdback, unlike 100%-advance competitors). Recourse type, contract length, minimums and termination terms are all unpublished. Veteran discount offered.

New authority OK: not published (no explicit statement found on rtsinc.com)

Advance: 'more than 90 percent of the total within 24 hours' (FAQ)

Fee: not published (rate calculator; 'zero hidden fees'; search snippet of rtsinc.com: 'no ACH fees and no invoice-uploading fees')

Recourse: not published

Same-day pay: yes ('Get paid the same day' / 'within 24 hours'); cutoff not published

Contract: not published

Pays us: Yes · Not published. Source: ['https://www.rtsinc.com/product/factoring-services', 'https://rtsinc.com/resources/faqs', 'https://rtsinc.com/resources/referral-program', 'https://www.rtsinc.com/page/agent-program', 'https://www.nerdwallet.com/business/loans/learn/factoring-companies-trucking']