Freight Factoring Companies Compared: Criteria, Fees & Contract Traps
The best factoring company is the one whose total cost and contract terms fit your lanes, not the lowest advertised rate. Compare recourse type, advance and reserve, all fees, contract length and exit, UCC lien scope and broker credit checks, then get each answer in writing.
By TruckerStack Editorial, AK Digital Marketing LLC · Reviewed against eCFR and FMCSA pages on 2026-11-04 · Editorial policy
How we compare
Disclosure: TruckerStack has no affiliate agreements with any provider on this page today. If that changes, those links will be labeled “sponsored” and will not change our criteria or order. Facts are quoted from the sources linked next to them, as of 2026-11-04. Confirm everything in the provider's written contract.
| Criterion | What to check |
|---|---|
| Recourse type | Recourse means you buy back unpaid invoices; non-recourse shifts some credit risk to the factor, usually only for broker insolvency. Read the definition in the contract. |
| Advance rate and reserve | How much is paid upfront and when the remainder (reserve) is released. |
| Total fee | The percentage plus ACH/wire, invoice, minimum-volume and termination fees. |
| Contract term and exit | Length, auto-renewal, notice period and the release letter process. |
| UCC lien and exclusivity | Whether a UCC-1 lien covers all receivables and whether you must factor every invoice. |
| Broker credit checks | Whether checks are free and unlimited before you book. |
Providers often shortlisted
Listed alphabetically by how often they appear in 2026 comparisons, not ranked. Each line is a reported fact with its source.
| Provider | Reported facts | Source |
|---|---|---|
| Apex Capital | LendingTree lists multilingual support and no monthly minimum volume fees. | source |
| OTR Solutions | Promotes non-recourse factoring; LendingTree notes rates aren't published online. | source |
| Outgo (DAT Outgo) | LendingTree lists 2.5%–3%, 1% with Outgo Card, 15-day cancellation. | source |
| RTS Financial | LendingTree lists non-recourse on standard loans and notes complaints about early UCC liens. | source |
| Riviera Finance | LendingTree lists non-recourse with credit protection and about 25 local offices. | source |
| altLINE | Factoring division of The Southern Bank Company; recourse factoring per LendingTree. | source |
10 questions to ask before you sign
- What exactly does “non-recourse” cover, in writing?
- What is the advance rate, and when is the reserve released?
- List every fee: ACH, wire, invoice, minimum volume, termination.
- Contract length, auto-renewal and notice period?
- Will you file a UCC-1 lien, and on which assets?
- Must I factor every invoice or can I choose?
- Are broker credit checks free and unlimited?
- What happens when a broker short-pays or disputes?
- How fast is funding after upload, and what cut-off times apply?
- How do I get a release letter when I leave?
See the fee in your numbers
Enter the fee percentage in the hot shot or box truck calculator to see its effect on profit and break-even. Background: how freight factoring works.
FAQ
Is recourse or non-recourse factoring better?
Non-recourse can protect you if a broker goes insolvent, but it often costs more and definitions vary. Compare the written definition, not the label.
Do factoring companies file a UCC lien?
Many do. Ask which assets the lien covers and how it is released when you leave.
Is TruckerStack paid by these companies?
No. We have no affiliate agreements with providers on this page today. Any future affiliate links will be labeled.