Owner operator factoring that keeps one truck rolling while you plan the second

You run one truck under your own authority. Fuel is due at every stop, the truck note is due on the first, and the broker for last week's load pays in 30 days. Owner operator factoring turns that delivered load into cash in about a day, so the truck isn't parked waiting for a check. If you're planning truck two, it's also the money that carries a new unit through its first month.

How advances arrive

Once a factor approves your account, each delivered load follows the same path: upload, verify, fund. The money reaches you one of three ways.

What RTS Financial publishes, checked October 19, 2026: funding within 24 hours of upload with same-day available, for all fleet sizes including owner-operators RTS Financial, trucking fact…RTS Financial funding speed and who it servesFunding within 24 hours of upload, same-day available; all fleet sizes, including owner-operatorsRTS Financial trucking factoring page: once an invoice is uploaded, RTS works to fund it within 24 hours, offers same-day funding, and serves all fleet sizes and types, including owner-operators and OTR carriers. It states there are no hidden fees but publishes no rate.RTS Financial, trucking factoring, 2026Checked Oct 2026Close, and an advance of more than 90% of the invoice 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. Uploads go through the RTS app on iOS, Android or web RTS Financial, RTS appRTS appInvoice uploads, purchase status, broker and shipper credit ratings, load board, fuel map; iOS, Android and webRTS Financial app page: invoice uploads and purchase status for factoring, credit ratings on thousands of brokers and shippers, a load board with lane alerts, a fuel map, driver and truck profiles, on mobile (App Store, Google Play) and web.RTS Financial, RTS app, 2026Checked Oct 2026Close.

Trade coverage puts ACH fees at $2 to $15 and wires at $10 to $35 per transfer across the industry FreightWaves (contributed), …Freight factoring rate and fee ranges (trade coverage)Recourse 1.5-3.0%, non-recourse 2.5-5.0% per invoice; ACH $2-15, wire $10-35FreightWaves contributed article, July 1, 2026: recourse 1.5% to 3.0% per invoice, non-recourse 2.5% to 5.0% (spot non-recourse 3% to 6%); ACH $2 to $15 and wire $10 to $35 per transfer; expedited funding 0.25% to 1.0%; credit checks $10 to $50 per customer; setup $100 to $500; minimum-volume penalties $250 to $1,000+ a month; early termination $500 to $5,000+. Ranges from industry sources, not a survey.FreightWaves (contributed), Jul 1, 2026, 2026Checked Oct 2026Close. On a single truck, a $15 fee on every invoice is real money, so ask whether fees are per invoice or per daily batch.

Break-even view on a door panel

The question for one truck is simple: how many weeks of fixed costs does factoring free up, and what does that cost per month? Enter your own numbers.

On the EXAMPLE defaults, a truck grossing $6,500 a week with 30-day brokers has about $27,857 waiting on brokers at any moment. That's more than 14 weeks of $1,900 fixed costs sitting in other people's accounts payable. Factoring at 3% costs around $845 a month to get it now.

How to use the result:

• No savings, new authority: that $845 is probably the cheapest way to keep running. Few lenders will hand a new MC a line of credit for the gap.
• Some savings, truck two in six months: factor now, and put part of the freed cash toward the next unit's down payment and its first month of costs.
• A solid reserve: you're paying for speed you may not need. Try quick pay from your regular brokers, or factor only the slow ones if your contract allows it.

What to look for as an owner-operator

• No monthly minimum, or a low one. One truck has slow weeks, home time and breakdowns. A minimum turns a week off into a fee.
• Short term, clear notice. Month-to-month or a short term with a short notice period. You'll want room to renegotiate when truck two arrives.
• Choice of invoices. The right to keep quick-paying brokers out, if you can get it in writing.
• Fuel card or advance. Fuel is your biggest weekly expense. RTS Financial publishes a fuel card with an average savings figure of its own 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; compare what any card actually saves at the stops you use.
• Broker credit checks in the app. Checking a broker before you take the load is worth more on one truck than on twenty. One bad payer is a month's profit.
• Non-recourse terms you understand. RTS Financial states it offers non-recourse factoring covering a broker's insolvency or bankruptcy 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. Disputes over a load are a different matter.

Contract basics

This is general information, not legal advice. Read the contract itself, and ask a professional if anything is unclear.

Term. How long you're committed, and whether it renews on its own. Some contracts run a year and renew on their own unless you cancel inside a short window; miss it and you may be in for another term.

Minimums. A monthly volume floor, with a fee if you fall short. Trade coverage lists $250 to $1,000 or more a month for minimum shortfalls FreightWaves (contributed), …Freight factoring rate and fee ranges (trade coverage)Recourse 1.5-3.0%, non-recourse 2.5-5.0% per invoice; ACH $2-15, wire $10-35FreightWaves contributed article, July 1, 2026: recourse 1.5% to 3.0% per invoice, non-recourse 2.5% to 5.0% (spot non-recourse 3% to 6%); ACH $2 to $15 and wire $10 to $35 per transfer; expedited funding 0.25% to 1.0%; credit checks $10 to $50 per customer; setup $100 to $500; minimum-volume penalties $250 to $1,000+ a month; early termination $500 to $5,000+. Ranges from industry sources, not a survey.FreightWaves (contributed), Jul 1, 2026, 2026Checked Oct 2026Close.

Termination. Notice in writing, an early exit fee if you leave before the term ends, and a release letter to your brokers once everything is paid. The factoring contracts guide shows what leaving costs.

The lien. Most factors file a UCC financing statement on your receivables. It's normal, but it shows up when you apply for a loan on truck two. Ask how and when it's released.

EXAMPLE From one truck to two

An owner-operator runs a reefer, grossing about $7,000 a week, with brokers on 30-day terms. Factoring at 3% costs about $910 a month. The freed cash, roughly four weeks of gross, carries the first month of a second truck: insurance, a driver's first paychecks, fuel. Without factoring, the second truck waits until savings cover that first month, which at this fleet's pace might take most of a year. Numbers are EXAMPLE, not a promise of results.

One more habit worth building at one truck: check each broker in the factor's app before you say yes to a load, not after it delivers. A load from a broker the factor won't approve is a load you'd be financing yourself, with no one collecting for you.

Planning truck two, with dispatch

The second truck changes your week. Two sets of loads to find, two drivers' paperwork, two units' check calls. That's where our desk comes in. We find and negotiate loads for both trucks and bring each one to you. You say yes or no, and the broker sends the rate confirmation straight to you. See dispatch for owner-operators for how it works at one truck and what changes at two.

We're not a lender or your accountant. Factoring terms come from the factor you sign with.