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Best factoring companies for owner-operators (2026): 12 compared

By the Owner Op Stack editorial teamPrices checked How we rank

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Quick answer

Only a few factoring companies publish a rate. DAT Outgo posts a full rate card: 3% under $18K a month, 2.5% from $18K to $80K, with no annual contract. Bobtail posts a 1.5%–3.5% typical range. Porter posts a 1.5% intro rate for the first 60 days. The other nine quote you directly, so compare written quotes with the factoring fee calculator.

Key takeaways

  • 3 of 12 companies publish a rate online. The other 9 are "Ask for a quote."
  • Outgo is the only one with a full tiered rate card, plus non-recourse and no reserve.
  • Check the contract: Bobtail moves to a long-term contract after a 90-day trial, and Porter’s 1.5% intro comes with a 1-year recourse contract.
  • OTR, eCapital and Outgo advertise funding in hours or instantly. Most others say same-day.
  • Ask every company about the broker rule: OTR says once you factor a broker, you keep factoring that broker until released.

Top picks

Side-by-side comparison (12 compared)

Prices checked 2026-11-04. Transparency = fields with a published fact.

Worked cost examples

Example: you factor $20,000 of invoices a month. Each fee below is the published rate times $20,000. Your quote may differ, and wire or instant-pay fees are extra.

Math only, using published rates. Prices checked Nov 4, 2026.
CompanyPublished rateMonthly fee on $20,000Yearly
DAT Outgo2.5% ($18K–$80K tier) source$500$6,000
Bobtail1.5%–3.5% typical source$300–$700$3,600–$8,400
Porter (first 60 days)1.5% intro source$300Intro only; then quoted
Any quote you getYour rate$20,000 × rateUse the calculator

At $15,000 a month, Outgo’s published rate is 3%, or $450 a month. A 1-point difference in rate on $20,000 a month adds up to $2,400 a year.

Each option, in detail

1. DAT Outgo

Best published rate

Outgo publishes a full rate card: 3% under $18K a month, 2.5% from $18K to $80K, custom above. It advertises non-recourse with no reserve, no annual contract (15-day cancel notice) and funding in 4 hours or less. ACH is free; wire is $20; instant pay is 1% (max $20).

Watch for: Rates above $80K/month are custom.

Sources: outgo.dat.com

Visit DAT Outgo

2. Bobtail

Published range + app

Bobtail lists a typical 1.5%–3.5% fee range on its homepage and says there are no ACH, processing or invoice fees. It funds same-day. After a 90-day trial, it moves to a long-term contract.

Watch for: Long-term contract after the 90-day trial.

Sources: bobtail.com · bobtail.com

Visit Bobtail

3. Porter Freight Funding

Published intro rate

Porter advertises a 1.5% starting rate that applies to the first 60 days, on a 1-year recourse contract with a 95% advance (not for sprinter vans or box trucks). It offers same-day funding and free broker credit checks. It also runs a new-authority program.

Watch for: 1.5% applies to the first 60 days only, on a 1-year recourse contract.

Sources: porterfreightfunding.com

Visit Porter Freight Funding

4. OTR Solutions

24/7 instant funding

OTR advertises "True Non-Recourse" factoring and "Truly Instant Funding, 24/7/365." It has no monthly volume minimum. Bundling with the OTR Fuel Card can take up to 0.5% off the factoring rate. Fuel advances cost $15 to the fuel card or $24 by Comchek.

Watch for: Once you factor a broker, later invoices from that broker must be factored until released.

Sources: otrsolutions.com · otrsolutions.com

Visit OTR Solutions

5. RTS Financial

Factoring + fuel + load board bundle

RTS (Shamrock Trading) advances more than 90% of an invoice within 24 hours and sends the rest, minus a fee, when the customer pays. It describes non-recourse factoring. Its rate calculator is an estimate, not an offer.

Watch for: Its calculator gives an estimate only; get the contract term in writing.

Sources: rtsinc.com · rtsinc.com

Visit RTS Financial

6. Triumph

Broker-network payments

Triumph offers same-day invoice factoring and broker QuickPay with no long-term contract. Its Select Carrier Program says you can lock in 2.5% or less on QuickPay invoices.

Watch for: The 2.5%-or-less rate belongs to its QuickPay Select Carrier Program, not factoring.

Sources: triumphpay.com

Visit Triumph

7. TBS Factoring

Recourse or non-recourse choice

TBS offers both recourse and non-recourse factoring. It processes invoices the same day, offers fuel advances, and has a fuel card with no credit check.

Watch for: Rate is quote-only.

Sources: tbsfactoring.com

Visit TBS Factoring

8. QP Trucking

Flat fee, no contract

QP describes a flat, disclosed fee with no long-term contract, no minimums and no application fee. It offers recourse, non-recourse and "Pure Non-Recourse," and sells new-authority setup services online.

Watch for: Flat-fee amount is not on the site.

Sources: qptrucking.com · qptrucking.com

Visit QP Trucking

9. Apex Capital

Fast pay + no contract

Apex prices each client custom (flat or tiered). It says there are no long-term contracts, monthly fees or cancellation fees. Funding arrives in minutes via blynk, by ACH, wire or fuel card.

Watch for: Custom pricing; ask for flat vs tiered in writing.

Sources: apexcapitalcorp.com

Visit Apex Capital

10. eCapital

Factoring + fuel bundle

eCapital (tafs.com now redirects here) advertises funding in as little as 1 hour, 24/7 money movement, and recourse or non-recourse options. Its fuel program comes with $2,500 in pre-approved credit.

Watch for: Bundle pricing is quote-only.

Sources: ecapital.com

Visit eCapital

11. Thunder Funding

No long contracts

Thunder Funding says it will never ask for a long-term commitment and offers same-day funding. It also offers a fuel card and fuel advances.

Watch for: Rate is quote-only.

Sources: thunderfunding.com

Visit Thunder Funding

12. CFX

High stated advance

CFX states a 98% advance and same-day funding, with CFX Pay available 24/7. Quotes are requested by email.

Watch for: Fee, contract and recourse are not published.

Sources: cfxfactor.com

Visit CFX

Frequently asked questions

Which factoring company has the lowest published rate?

Among published rates (checked Nov 4, 2026), Porter advertises 1.5% for the first 60 days on a 1-year recourse contract, and Bobtail lists a 1.5%–3.5% typical range. DAT Outgo has the only full rate card: 3% under $18K a month and 2.5% from $18K to $80K.

What does non-recourse factoring mean?

With non-recourse, the factor carries the loss if your broker cannot pay because of credit failure. With recourse, you buy the invoice back. Outgo, OTR, RTS, TBS, eCapital and QP describe non-recourse options.

How fast do factoring companies pay?

Outgo says 4 hours or less, eCapital says as little as 1 hour, OTR says instant 24/7/365, RTS says within 24 hours, and Bobtail, Porter, Triumph, TBS, Thunder and CFX say same-day.

Do I have to factor every invoice?

It depends on the contract. OTR says once a broker is factored, you must keep factoring that broker until released. Apex allows spot factoring by customer. Ask for this rule in writing.

Are there factoring companies without long-term contracts?

Outgo (15-day cancel notice), QP, Apex and Thunder Funding all state no long-term contract. Bobtail moves to a long-term contract after its 90-day trial.

What fees should I ask about besides the rate?

Ask about wire, ACH and instant-pay fees, reserves, monthly minimums, invoice fees, termination fees and fuel-advance fees. For example, Outgo charges $20 for a wire, and OTR charges $15 for a fuel advance to its card.

Related: How freight factoring works · Outgo vs Bobtail · OTR vs RTS · New authority factoring

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