Factoring for new authority carriers (2026): 8 compared

By the Owner Op Stack editorial teamPrices checked Nov 4, 2026How we rank

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Quick answer

OTR Solutions says you can apply before your authority is active. QP Trucking sells new-authority setup. Porter runs a dedicated new-authority program with a 1.5% intro rate. Apex has a startup program. The others don’t publish a minimum authority age, so ask before you apply.

Key takeaways

4 of 8 publish a clear new-authority signal: OTR, QP, Porter and Apex.
OTR lets you apply before your authority is active, with no credit check to start.
Porter’s 1.5% applies to the first 60 days only, on a 1-year recourse contract.
New MCs also pay more for dispatch (often 7% vs 5%). See the dispatch page.

Top picks

Apply pre-authority
OTR Solutions
Apply before your authority is active. source
Details Visit site
Setup help
QP Trucking
New Authority Set-Up $200 ($100 promo). source
Details Visit site
Intro rate
Porter Freight Funding
1.5% for the first 60 days. source
Details Visit site

Side-by-side comparison (8 compared)

Prices checked 2026-11-04. "Ask for a quote" means the vendor does not publish it online. Transparency = columns with a published fact.
Vendor	Accepts new MC?	New-authority signal	Fee	Contract	Visit
OTR SolutionsTransparency 3/4	Yes, apply before authority is active source for Yes, apply before authority is active	Free application, no credit check to start source for Free application, no credit check to start	Ask for a quote	No monthly volume minimum source for No monthly volume minimum	Visit site of OTR Solutions
QP TruckingTransparency 4/4	Yes (sells new-authority setup) source for Yes (sells new-authority setup)	Set-Up $200 ($100 promo); filings from $60 source for Set-Up $200 ($100 promo); filings from $60	Flat fee; ask source for Flat fee; ask	No long-term contract source for No long-term contract	Visit site of QP Trucking
Porter Freight FundingTransparency 4/4	Yes (New Authority Factoring program) source for Yes (New Authority Factoring program)	Dedicated program page source for Dedicated program page	1.5% first 60 days source for 1.5% first 60 days	1-year recourse (intro) source for 1-year recourse (intro)	Visit site of Porter Freight Funding
Apex CapitalTransparency 3/4	Yes (startup program) source for Yes (startup program)	Spot factoring allowed source for Spot factoring allowed	Ask for a quote	No long-term contract source for No long-term contract	Visit site of Apex Capital
DAT OutgoTransparency 4/4	Ask (no minimums stated) source for Ask (no minimums stated)	No monthly minimums source for No monthly minimums	3% under $18K/mo source for 3% under $18K/mo	No annual contract source for No annual contract	Visit site of DAT Outgo
BobtailTransparency 3/4	Ask for a quote	Ask about authority age	1.5%–3.5% typical source for 1.5%–3.5% typical	90-day trial, then contract source for 90-day trial, then contract	Visit site of Bobtail
Thunder FundingTransparency 2/4	Ask for a quote	Fuel advances in app source for Fuel advances in app	Ask for a quote	No long-term contracts source for No long-term contracts	Visit site of Thunder Funding
RTS FinancialTransparency 2/4	Ask for a quote	90%+ advance within 24 hours source for 90%+ advance within 24 hours	Ask (calculator estimate) source for Ask (calculator estimate)	Ask for a quote	Visit site of RTS Financial

OTR Solutions
Transparency 3/4
Accepts new MC?
Yes, apply before authority is active source for Yes, apply before authority is active
New-authority signal
Free application, no credit check to start source for Free application, no credit check to start
Fee
Ask for a quote
Contract
No monthly volume minimum source for No monthly volume minimum
Visit OTR Solutions
QP Trucking
Transparency 4/4
Accepts new MC?
Yes (sells new-authority setup) source for Yes (sells new-authority setup)
New-authority signal
Set-Up $200 ($100 promo); filings from $60 source for Set-Up $200 ($100 promo); filings from $60
Fee
Flat fee; ask source for Flat fee; ask
Contract
No long-term contract source for No long-term contract
Visit QP Trucking
Porter Freight Funding
Transparency 4/4
Accepts new MC?
Yes (New Authority Factoring program) source for Yes (New Authority Factoring program)
New-authority signal
Dedicated program page source for Dedicated program page
Fee
1.5% first 60 days source for 1.5% first 60 days
Contract
1-year recourse (intro) source for 1-year recourse (intro)
Visit Porter Freight Funding
Apex Capital
Transparency 3/4
Accepts new MC?
Yes (startup program) source for Yes (startup program)
New-authority signal
Spot factoring allowed source for Spot factoring allowed
Fee
Ask for a quote
Contract
No long-term contract source for No long-term contract
Visit Apex Capital
DAT Outgo
Transparency 4/4
Accepts new MC?
Ask (no minimums stated) source for Ask (no minimums stated)
New-authority signal
No monthly minimums source for No monthly minimums
Fee
3% under $18K/mo source for 3% under $18K/mo
Contract
No annual contract source for No annual contract
Visit DAT Outgo
Bobtail
Transparency 3/4
Accepts new MC?
Ask for a quote
New-authority signal
Ask about authority age
Fee
1.5%–3.5% typical source for 1.5%–3.5% typical
Contract
90-day trial, then contract source for 90-day trial, then contract
Visit Bobtail
Thunder Funding
Transparency 2/4
Accepts new MC?
Ask for a quote
New-authority signal
Fuel advances in app source for Fuel advances in app
Fee
Ask for a quote
Contract
No long-term contracts source for No long-term contracts
Visit Thunder Funding
RTS Financial
Transparency 2/4
Accepts new MC?
Ask for a quote
New-authority signal
90%+ advance within 24 hours source for 90%+ advance within 24 hours
Fee
Ask (calculator estimate) source for Ask (calculator estimate)
Contract
Ask for a quote
Visit RTS Financial

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

Each option, in detail

1. OTR Solutions

Apply before authority is active

OTR says you can apply before your operating authority is active, with no credit check to start, so you can factor on day one. It has no monthly volume minimum.

Watch for: Rate is quote-only.

Sources: otrsolutions.com · otrsolutions.com

Visit OTR Solutions

2. QP Trucking

Setup help + factoring

QP sells a New Authority Set-Up service ($200, or $100 with a promo; most filings $60) and states no long-term contract.

Watch for: Flat fee amount is not published.

Sources: qptrucking.com · qptrucking.com

Visit QP Trucking

3. Porter Freight Funding

Published intro rate

Porter runs a dedicated New Authority Factoring program and advertises 1.5% for the first 60 days on a 1-year recourse contract.

Watch for: Intro offer is a 1-year recourse contract.

Sources: porterfreightfunding.com

Visit Porter Freight Funding

4. Apex Capital

Startup program

Apex has a startup program. It also allows spot factoring, where you factor every invoice from the customers you choose to factor.

Watch for: Minimum authority age not published.

Sources: apexcapitalcorp.com

Visit Apex Capital

5. DAT Outgo

Published rate

Outgo states no minimums and publishes its rates (3% under $18K a month), which makes the cost easy to predict in year one.

Watch for: Minimum authority age not published.

Sources: outgo.dat.com

Visit DAT Outgo

6. Bobtail

App-first

Bobtail publishes a 1.5%–3.5% typical range. It does not publish a minimum authority age, so ask before you apply.

Watch for: Long-term contract after 90 days.

Sources: bobtail.com · bobtail.com

Visit Bobtail

7. Thunder Funding

No long contracts

Thunder Funding says it never requires a long-term commitment and offers fuel advances through its app.

Watch for: Authority-age rule not on its site.

Sources: thunderfunding.com

Visit Thunder Funding

8. RTS Financial

Bundle

RTS does not publish a minimum authority age. Ask before you apply, and get the contract term in writing.

Watch for: Authority-age rule not on its site.

Sources: rtsinc.com

Visit RTS Financial

Frequently asked questions

Can I get factoring with a brand-new MC number?

Yes. OTR says you can apply before your authority is active, QP sells a new-authority setup service, Porter has a New Authority Factoring program, and Apex has a startup program.

Do new authorities pay higher factoring rates?

Most companies do not publish new-authority rates. Porter publishes 1.5% for the first 60 days, and Outgo publishes 3% under $18K a month, which applies to most new carriers.

Is there a credit check?

Factoring mostly checks your broker’s credit, not yours. OTR says there is no credit check to start its application.

What documents do I need?

Usually your MC/DOT number, W-9, certificate of insurance, a voided check and a signed rate confirmation and bill of lading for each load. Confirm the list with each company.

Should I sign a 1-year contract as a new authority?

Only if the total cost is lower. Outgo, QP, Apex and Thunder state no long-term contract. Porter’s intro rate comes with a 1-year recourse contract.