Comparison guide
How to compare trucking factoring companies without guessing.
Advertised rate is the least useful number in a factoring quote. These are the eight variables that decide what factoring actually costs you and how much freedom you keep — with the questions to ask each provider.
Compare Options Without Calling Every Factor
Share four quick details to begin exploring available programs.
Short answer
Compare providers on eight things, in this order: advance rate, the full fee stack (not just the headline rate), recourse or non-recourse, contract length and notice period, monthly minimums, fuel advance availability, who handles collections and how, and what it costs to leave. Two quotes with the same headline rate can differ substantially once the rest is filled in.
The eight comparison criteria
| Criterion | What to ask | Why it matters |
|---|---|---|
| Advance rate | What percentage is advanced, and when is the reserve released? | A high advance with a slow reserve release can be worse for cash flow than a lower advance. |
| Fee stack | List every fee: application, ACH, wire, same-day, invoice upload, monthly service, credit check. | Ancillary fees frequently exceed the difference between two headline rates. |
| Rate structure | Flat per invoice, or tiered by how long the debtor takes to pay? | Tiered pricing looks cheap at 30 days and expensive at 60 — which is how many brokers pay. |
| Recourse type | Recourse, non-recourse, or non-recourse only on debtor insolvency? | Most non-recourse programs cover insolvency, not slow or disputed payment. |
| Contract and notice | Term length, auto-renewal, notice window, termination fee. | An auto-renewing term with a narrow notice window is the most common trap. |
| Minimums | Monthly minimum volume or fee, and the shortfall penalty. | Minimums punish slow months, breakdowns and home time. |
| Fuel advances | Percentage available at pickup, fee per advance, approval speed. | Matters most for owner operators running long deadhead to the first pickup. |
| Exit terms | Buyout process, UCC release timing, who notifies your brokers. | A slow UCC release can stall your next provider for weeks. |
Questions worth asking every provider
- What is my all-in cost on a $2,000 invoice that pays in 45 days, including every fee?
- Is the rate tiered by days outstanding, and what is the rate at 30, 45 and 60 days?
- What exactly does your non-recourse program cover, and what is excluded?
- Does the agreement auto-renew, and what is the exact notice window?
- Is there a monthly minimum, and what happens in a month I do not hit it?
- Do I have to factor every load, or can I choose per invoice?
- How do you contact my brokers, and what does a late-payment call sound like?
- If I leave, how quickly is the UCC released?
Free factoring calculator
Estimate your payout before you leave the dock.
Move the sliders to your typical run — a Long Beach drayage turn, a Salinas, CA to New Move the sliders to your typical run — a Long Beach drayage turn, a Salinas, CA to New York reefer load, a Stockton-to-Reno pull. Figures are illustrative estimates based on the values you choose, not a quote. No email required, no sales call to see the number.
Estimated initial cash
$2,188
- Invoice amount
- $2,500
- Gross advance (90% of invoice)
- $2,250
- Estimated factoring fee (deducted from the advance)
- -$63
- Reserve held until the customer pays
- $250
- Estimated total proceeds after reserve release
- $2,438
Calculator results are estimates for educational purposes only and are not an offer of factoring terms. Actual rates, fees, advances, reserves, timing and other terms vary by provider and are subject to provider approval and agreement terms.
A word on 'best factoring company' lists
There is no single best factoring company for trucking, because the right answer changes with fleet size, lane mix, debtor quality and how much flexibility you want. A one-truck new authority hauling for a handful of brokers has different needs than a nine-truck fleet with steady shipper-direct freight. Any list that ranks providers without asking about your operation is ranking something other than your interests.
Keep reading
How to choose a factoring company
A step-by-step checklist to run before you sign anything.
Advantages and disadvantages
An honest look at where factoring helps and where it hurts.
Why use a factoring broker?
How the brokerage model works and who makes the final call.
Freight factoring rates
How pricing is built and how to compute an all-in cost.
Switching factoring companies
The exit sequence, from notice to UCC release.
See your options
Tell us about your operation and we will shop it for you.
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Tell us your MC number and how much you invoice a month, and we'll work to identify available factoring options based on your business profile and participating provider availability.
HaulFund is a factoring broker and is not a direct lender or factoring provider. HaulFund connects businesses with independent third-party factoring providers. HaulFund does not make final credit, underwriting, approval, or funding decisions. Rates, fees, advance amounts, funding times, contract terms, and eligibility vary by provider and are subject to provider approval.