Best factoring companies for a growing fleet, compared on what each one publishes

Disclosure first: we refer carriers to RTS Financial and may be paid for referrals. To keep that from shaping this page, every company below gets the same eight fields, filled only from its own website, and the cards are in alphabetical order, not ranked. See our disclosure.

Lists of the best factoring companies are everywhere, and most rank companies without saying why. This one doesn't rank. It compares what each company publishes on the terms a growing fleet cares about, so you can decide which ones to ask for quotes.

How we compared

Companies: five factors that carriers commonly name and that publish carrier factoring terms: Apex Capital, Bobtail, OTR Solutions, RTS Financial and Triumph. We tried to include others whose sites we couldn't read when checking; they may still be a good fit for you.

Source: each company's own website only, read on October 19, 2026. No review sites, no sales calls, no numbers from third parties.

Fields (same on every card):

1. Published factoring rate
2. Advance
3. Recourse terms
4. Contract term and minimums
5. Choosing which brokers to factor
6. Funding speed
7. App
8. Fuel card

Rule for blanks: if a company doesn't publish a field on the pages we checked, the card says so. A blank isn't a bad mark. Most factors quote rates privately, after underwriting.

Side-by-side cards

Sources and details for each card: Apex Capital Apex CapitalApex Capital, published termsNo long-term contract restrictions, no monthly minimum volume, same-day or next-day funding, 24/7 funding for qualifying clients; rate not publishedApex Capital site (checked Oct 19, 2026): factoring since 1995; no hidden fees, no long-term contract restrictions and no required minimum volume; same-day and next-day funding, with 24/7/365 funding through its blynk payment system for qualifying clients; free Apex Mobile Factoring app with image capture; fuel card with an average savings of 49 cents per gallon based on in-network client transactions, Q1-Q3 2026. No rate, advance or recourse terms on the pages checked.Apex Capital, 2026Checked Oct 2026Close, Bobtail BobtailBobtail, published termsNegotiable rates, max 3.24%; same-day pay at no extra charge; no long-term commitment for the first 90 days; choose which brokers to factor; no monthly minimumsBobtail site comparison table (checked Oct 19, 2026): factoring rates negotiable with a maximum of 3.24%; same-day pay with no extra charge; no long-term commitment for the first 90 days; choose which brokers to factor; no hidden fees or monthly minimums; mobile and web apps. Bobtail Mastercard fleet card with savings up to $3.00 per gallon and 59 cents on average (its figures). Recourse terms not stated on the page.Bobtail, 2026Checked Oct 2026Close, OTR Solutions OTR SolutionsOTR Solutions, published termsNon-recourse with no chargebacks; advances of 90% to 99% depending on contract; instant funding 24/7; rate not publishedOTR Solutions non-recourse factoring page (checked Oct 19, 2026): true non-recourse factoring, carriers stay paid even if the broker defaults or goes out of business, no chargebacks even after 90 days; funding rates (advances) can be anywhere between 90% and 99% of the invoice depending on contract terms; instant funding 24/7 with no cutoff times; app for invoice submission, payment status and fuel discounts; lower factoring rate offered when bundled with its fuel card. No rate, contract length or minimums published.OTR Solutions, 2026Checked Oct 2026Close, RTS Financial RTS Financial, FAQsRTS Financial advanceMore than 90% of the invoice within 24 hours; the rest, minus a fee, after the customer paysRTS Financial FAQ: RTS purchases the invoice at a factoring rate it does not publish and advances more than 90 percent of the total within 24 hours. Once the invoice is paid, RTS sends the remaining balance minus a fee. Final rates and approval depend on underwriting and required contracts.RTS Financial, FAQs, 2026Checked Oct 2026Close RTS Financial, trucking fact…RTS Financial recourse termsNon-recourse: RTS assumes the credit risk if the customer can't pay because of insolvency or bankruptcyRTS Financial trucking factoring page: RTS provides non-recourse factoring, assuming the credit risk if your client doesn't pay, and defines non-recourse as covering a customer that can't pay because of issues like insolvency or bankruptcy. Disputes and paperwork problems are not described as covered.RTS Financial, trucking factoring, 2026Checked Oct 2026Close RTS Financial, fuel cardsRTS Financial fuel cardAverage savings of 45 cents per gallon at 4,000+ stations (RTS figure); bundling with factoring offeredRTS Financial fuel card page: an average savings of 45 cents per gallon at over 4,000 fuel stations nationwide (RTS's own average, not a guaranteed discount); a self-funded card regardless of credit; spending limits, card lock and fuel codes; bundling fuel and factoring promoted for better savings and lower rates. No fuel advance terms published on the page.RTS Financial, fuel cards, 2026Checked Oct 2026Close, Triumph TriumphTriumph, published termsNon-recourse contracts available on approved brokers; no minimums, no reserves; choose loads and brokers; eligible invoices paid in minutes to a LoadPay accountTriumph carrier factoring page (checked Oct 19, 2026): non-recourse contracts available, Triumph takes the risk on approved brokers if a customer goes bankrupt; no minimums and no reserves; factor the loads you want from the brokers you choose; eligible invoices paid in minutes, typically to a LoadPay debit account; 24/7 broker credit checks; purchase decisions in seconds on most invoices; fuel cards offered. Products offered by TBK Bank, SSB. Rate not published.Triumph, 2026Checked Oct 2026Close. Fuel savings averages are each company's own figure, measured its own way, so they can't be compared with each other.

Reading the cards

Three patterns stand out. First, rates are almost never published; four of the five quote privately, so the cards can only tell you who to ask, not who is cheapest. Second, the contract fields vary the most: some companies publish no minimums or a trial period, others publish nothing on terms at all. A blank there is the first question for your sales call. Third, "instant" funding claims usually come with conditions, such as eligible invoices or payment into the factor's own account first.

What the cards can't show: how each company handles disputes, how fast its people answer the phone at night, and how hard it is to leave. Ask a carrier who has left each factor, not just one who stayed.

EXAMPLE A four-truck fleet wants no minimums and the right to keep one fast-paying shipper out. From the cards, it asks Bobtail and Triumph first, since both publish broker choice and no minimums, then asks the others whether they allow the same in writing.

Best by situation

Again, first: we may be paid when you request an RTS Financial quote through us. These picks follow only from the published fields above.

• You want a published rate ceiling before talking to anyone: Bobtail is the only one of the five that publishes one (a 3.24% maximum).
• You want to keep fast-paying brokers out: Bobtail and Triumph publish that you choose which brokers or loads to factor. Ask the others directly.
• You can't risk a monthly minimum in slow months: Apex, Bobtail and Triumph publish no minimums.
• Broker bankruptcy is your biggest worry: OTR Solutions, RTS Financial and Triumph publish non-recourse terms. Read each one's covered events; they differ.
• You need cash outside banking hours: OTR Solutions publishes 24/7 instant funding, Triumph funds eligible invoices in minutes, and Apex offers 24/7 funding to qualifying clients.
• You want approval from your brokers' credit, with an app that rates brokers: RTS Financial publishes both RTS Financial, FAQsRTS Financial approval basisBased on your customers' credit, not your balance sheet; not a loan; limits depend on buyers' creditworthinessRTS Financial FAQ: freight factoring is not a loan; the capital is based on the credit of your customers, not your balance sheet, so there is no new debt. Funding limits vary with your business and your buyers' creditworthiness; with creditworthy buyers there may be no limit. RTS states 40+ years in financial services.RTS Financial, FAQs, 2026Checked Oct 2026Close; Triumph publishes 24/7 broker credit checks.

My own view: for a fleet adding trucks, the contract fields (minimums, term, choosing brokers) matter more than the last half-point of rate. A cheap rate in a contract you can't leave gets expensive the day you outgrow it.

Questions to ask every factor

• What is my rate, and is it flat or tiered by days outstanding?
• What's the advance, and when are reserves released?
• Recourse or non-recourse? Which events are covered, and what's the chargeback window?
• Contract term, auto-renewal, notice window and early termination fee?
• Monthly minimum, and the penalty for falling short?
• Can I choose which brokers to factor?
• Every fee beyond the rate, in writing?
• Funding cutoff times and weekend funding?
• Can each driver upload under my account?
• Will you buy out my current factor?

Then run each quote through the factoring rates forecast to compare the all-in monthly cost.

How to switch later

Picking a factor isn't forever, but leaving takes steps. In general: give written notice inside your contract's window, get a payoff letter, let the new factor buy out open invoices or wait for them to clear, then make sure every broker receives the old factor's release and the new factor's notice of assignment. Ask for the UCC filing to be terminated once nothing is owed. This is a plain overview, not legal advice. Our guide to factoring contracts and buyouts covers each step and an exit cost estimate.

Company details change. We'll recheck these cards at least every six months; tell us through the contact page if a company changes its published terms.