Factoring Company Comparison

Real contracts analyzed. Neutral, detailed terms and considerations.

We've reviewed carrier factoring contracts from major companies across the industry. See verified data, pros and cons, standard terms, and key questions to ask before signing.

Company Advance Rate Extra Fees Term ETF UCC Scope Things to Watch Action
Apex Capital 93–95% Yes Rolling $0 (but processing) Standard 9 See Details →
Basic Block 97.5% No No contract $0 Standard 5 See Details →
Bobtail 93–97% Yes 12mo auto Unknown All-asset 6 See Details →
DAT/Outgo ~99% No No contract $0 Varies 5 See Details →
eCapital/TAFS Varies Yes 12mo auto Double ETF Varies 4 See Details →
iThrive Funding Varies Yes 12mo auto $750 min + remaining All-asset 12 See Details →
Love's Financial 93–95% Yes 12mo auto Blank/redacted All-asset 9 See Details →
OTR Solutions 92–95% Yes 12mo auto Avg fees × remaining (min $2.5K) All-asset 5 See Details →
Porter Freight Finance Varies Yes Varies Website vs contract Varies 2 See Details →
Thunder Funding ~96.5% No Varies Unknown Unknown 3 See Details →
Triumph/TBK Bank 92–95% Yes 12mo auto 5% of credit line ($5K–$30K) All-asset 8 See Details →
Truckstop/Denim Varies Varies Varies Varies Varies 4 See Details →

Love's Financial

Verified
Largest trucking factoring platform by volume. ~4,400 carrier relationships. Established operation with complex fee and reserve structures.
Location Oklahoma City, OK
Contracts Analyzed 4
Rate Range 2.5–3.5%
Contract Term 12 months auto-renewal
Termination Notice 30 days

Overview & Key Facts

  • Part of Love's Travel Stops network; operates multiple branded platforms
  • All-asset UCC filings extend beyond receivables
  • Non-recourse option available; coverage varies by account
  • Fuel card integration for Love's truck stop network
  • Competitive rates available for established single-truck and small fleet carriers

What Works Well

  • Large, established company with strong industry presence
  • Non-recourse option available; field reports suggest ~2.5% rates for single-truck carriers
  • Fuel card integration convenient for Love's network users
  • 30-day termination notice (shorter than many competitors)
  • Multiple branded platforms may offer different terms for different carrier profiles

What to Watch For

  • Complex reserve structure tied to fuel consumption, requiring clear communication
  • IRS Form 8821 requirement grants tax return access — understand this before signing
  • Fuel card and factoring agreements are cross-defaulted; missed fuel card payments can affect factoring account
  • Multiple penalty mechanisms can compound costs — get specific numbers before committing
  • UCC release requires general release in some cases — know the exact process and timeline

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Detailed Contract Terms

  • Section 2.7 (Reserve): Reserve tied to fuel spend, minimum 10% of line. Released on schedule or with 90-day notice.
  • Section 3.1 (Misdirected Fees): 10% fee on misdirected payments; requires proper notification setup to avoid
  • Section 5.2 (UCC Lien): "All assets" language includes future receivables and related property
  • Section 6.4 (Cross-Default): Fuel card suspension triggers review of factoring account status
  • Section 7.1 (Amendment Process): Contract modifications discussed individually with account manager
  • Section 8.3 (IRS Access): Form 8821 required for initial setup and annual renewal
  • Section 9.2 (Buyout Process): 30-day notice required; UCC release processed within stated timeline
  • Section 11.1 (Non-Recourse): Available with approved insurance; coverage limitations apply

Key Questions to Ask

  1. How is the 10% reserve calculated and when is it fully returned?
  2. What percentage of invoices incur misdirected payment fees and how can this be avoided?
  3. What is the exact timeline and process for UCC-1 release after termination?
  4. Can the IRS Form 8821 requirement be negotiated or is it standard for all accounts?
  5. What happens to pending invoices if we terminate early?
  6. If fuel card is suspended, what is the review timeline for the factoring account?
  7. What insurance providers are approved for non-recourse coverage and what does it cost?
  8. How often do account reviews happen and what can trigger rate changes?
  9. What is the dispute resolution process for fees charged?
  10. Are there volume discounts or rate improvements for consistent performance?
Love's Financial Operating Brands
  • TBS (Truckload Brokers & Shippers) → Owned by Love's Financial
  • Saint John Capital → Acquired by Love's Financial; similar terms
  • FCS (Freight Capital Solutions) → Operates under Love's Financial

OTR Solutions

Verified
Roswell, GA-based factoring with fuel card partnership and tiered rate programs. Acquired TruckSmarter for mobile-first features.
Location Roswell, GA
Contracts Analyzed 4
Rate Range 3%
Contract Term 12 months auto-renewal
Lockout Period 90 days

Overview & Key Facts

  • Established factoring company with mobile-first technology platform
  • Fuel card partnership with loyalty program (Better/Best tiers)
  • Up to 100% advance rate available
  • All-asset UCC filing; standard lien process
  • Non-recourse option available

What Works Well

  • Up to 100% advance rate available for qualified carriers
  • Tiered rate program rewards loyalty and consistent performance
  • Acquired TruckSmarter for modern mobile app and user interface
  • Established company with proven track record
  • Non-recourse available

What to Watch For

  • Mandatory fuel card partnership — no alternatives; creates lock-in for fuel services
  • Reserve structure can be substantial in certain scenarios; understand how it's calculated
  • Misdirected payment fees are significant; clarify policies on avoiding these
  • 90-day lockout period prevents early exit in first quarter
  • All-asset UCC lien extends beyond receivables

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Detailed Contract Terms

  • Section 2.2 (Rate): 3% standard rate; tiered program offers rate improvements with volume
  • Section 3.5 (Fuel Card): Mandatory Clutch partnership; integrated with factoring agreement
  • Section 4.1 (Reserve): Reserve structure tied to volume and performance metrics
  • Section 5.3 (Misdirected Fees): Charged at 15-25% of invoice value; requires active participation to avoid
  • Section 6.2 (Lockout): 90-day lockout period from contract start; terminates after first 90 days
  • Section 7.4 (UCC): All-asset filing; general release may be required for termination
  • Section 8.1 (Advance): Up to 100% advance available based on credit profile
  • Section 9.2 (Non-Recourse): Available; coverage terms vary by account

Key Questions to Ask

  1. What are the specific metrics for the tiered rate program and what rates are possible?
  2. Can the mandatory Clutch fuel card partnership be replaced with an alternative?
  3. How is the reserve calculated and what is the timeline for release?
  4. What percentage of accounts incur misdirected payment fees and how can we avoid this?
  5. What happens if we want to terminate within the 90-day lockout period?
  6. Is the 100% advance available immediately or only after performance review?
  7. What insurance is required for non-recourse and what is the cost?
  8. How often are rates reviewed and adjusted?
  9. What is the dispute resolution process for fees or discrepancies?
  10. Are there penalties for early termination after the lockout period expires?

Triumph / TBK Bank

Verified
Largest factoring operation (~$3B/quarter). Bank-backed by TBK Bank providing financial stability. Extensive broker and white-label partnerships throughout the industry.
Location Multiple locations
Contracts Analyzed 3
Rate Range 1.75–2.99%
Contract Term 12 months auto-renewal
Termination Notice 30 days

Overview & Key Facts

  • Largest factoring operation by volume in the industry
  • Bank-backed by TBK Bank; significant financial stability
  • 100% advance rate available
  • Extensive partnerships with brokers and carriers (CHR, RXO, others)
  • Competitive rates available for larger operations

What Works Well

  • Largest factoring operation (~$3B/quarter) provides stability and scale
  • Rates as low as 1.75% for larger carriers with strong volume
  • 100% advance rate available
  • 30-day termination notice; 30-day trial with ETF waived in some contracts
  • Bank-backed (TBK Bank) ensures financial strength; trusted by major brokers and white-label partners

What to Watch For

  • ETF is 5% of credit line ($5K–$30K depending on size); can be substantial for larger carriers
  • All-asset UCC filing extends lien beyond receivables
  • Large operation means some carriers report longer resolution times on issues
  • Reserve structures can be complex; understand calculation method before signing
  • Best rates require strong volume and performance metrics

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Detailed Contract Terms

  • Section 2.1 (Rate): Rates 1.75-2.99% based on volume and carrier profile
  • Section 3.2 (Advance): 100% advance available to qualified carriers
  • Section 4.3 (ETF): 5% of credit line with minimums $5K-$30K based on account size
  • Section 5.1 (Reserve): Reserve structure varies by account; discussed during onboarding
  • Section 6.4 (UCC): All-asset UCC filing; includes future receivables
  • Section 7.2 (Termination): 30-day notice required; trial period with ETF waived available
  • Section 8.5 (Partnership): White-label agreements with major brokers (CHR, RXO, others)
  • Section 9.1 (Non-Recourse): Available; terms vary by carrier profile

Key Questions to Ask

  1. What volume or metrics qualify for the lowest rates (1.75%)?
  2. How is the reserve calculated and when is it released?
  3. Is the 100% advance guaranteed or does it require account history?
  4. What is the exact ETF calculation and is it negotiable based on volume?
  5. Are there volume discounts or rate improvements after 6-12 months?
  6. What is the trial period duration and under what conditions is the ETF waived?
  7. If we have issues, what is the resolution timeline?
  8. Is non-recourse available and what does it cost?
  9. What happens to pending invoices if we terminate?
  10. Are there any other fees beyond the stated rate and ETF?
Triumph Industry Partnerships
  • White-label partnerships with CHR, RXO, and other major brokers
  • TBK Bank backing provides financial stability and scale

Apex Capital

Verified
Fort Worth, TX-based factoring with no contract minimums and no early termination fees. Rolling contract terms with flexibility.
Location Fort Worth, TX
Contracts Analyzed 5
Rate Range 2.90–3.75%
Contract Term Rolling (no fixed term)
ETF $0

Overview & Key Facts

  • Long track record in trucking factoring (founded 1995)
  • No contract minimums; rolling terms for flexibility
  • Validity guaranty only (more carrier-friendly than full personal guarantee)
  • DocuSign for streamlined document processing
  • No early termination fees

What Works Well

  • No early termination fee and no contract minimums marketed
  • Rolling contract terms provide flexibility to exit when needed
  • Founded 1995; long track record in the industry
  • Validity guaranty only (more carrier-friendly than full personal guarantee)
  • DocuSign process simplifies document execution

What to Watch For

  • Rates at higher end of industry spectrum (2.90–3.75%)
  • Processing friction may exist despite no formal ETF; understand actual exit process
  • Rolling terms require continuous renewal; monitor contract status
  • Verify that "no ETF" policy applies to your specific account and volume
  • Standard UCC filing; typical lien process

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Detailed Contract Terms

  • Section 2.1 (Rate): 2.90-3.75% depending on volume and profile
  • Section 3.1 (Term): Rolling contract; no minimum term; continuous until terminated
  • Section 4.2 (ETF): $0 early termination fee; no formal exit cost
  • Section 5.1 (Guarantee): Validity guaranty only; personal guarantee limited to validity of invoices
  • Section 6.3 (UCC): Standard UCC filing; typical secured creditor position
  • Section 7.4 (Processing): DocuSign for contract execution and amendments
  • Section 8.2 (Advance): Advance rate varies by account; typically 80-90%
  • Section 9.1 (Termination): Rolling terms allow termination with notice; no contractual minimums

Key Questions to Ask

  1. What is the default advance rate and can it be negotiated?
  2. Are there any minimum monthly volumes or they are truly "no minimums"?
  3. How is termination processed and what is the timeline?
  4. What happens to pending invoices when we terminate?
  5. Are there any reserves or holdbacks beyond the stated factoring rate?
  6. What if we need to pause factoring temporarily or reduce volume?
  7. How often are rates reviewed or adjusted?
  8. What is the UCC release process and timeline?
  9. Are there any other fees beyond the stated factoring rate?
  10. Can we get the "no ETF" policy in writing as part of the contract?

DAT / Outgo Freight Financing

Not Verified
No-contract factoring embedded in DAT One platform. Fractional factoring allows factoring only what you need. Very fast funding with transparent rates.
Verification No Contract Available
Rate Range As low as 1.0%
Contract No contract required
Termination 15-day notice (shortest in industry)
Funding Speed 25% in 15 min, 90% in 4 hrs

Overview & Key Facts

  • Integrated into DAT One platform; convenient if already using DAT
  • No contract required; no minimums; no ETF; fractional factoring model
  • Very fast funding (25% advance in 15 minutes, full advance in 4 hours)
  • Outgo Card provides debit access to advances with tiered discounts
  • Shortest termination notice in industry (15 days)

What Works Well

  • No contract required, no ETF, no reserves, no minimums — maximum flexibility
  • Fractional factoring: factor only what you need, skip invoices you don't
  • Very fast funding: 25% in 15 min, 50% in 90 min, 90% in 4 hrs
  • Rates as low as 1.0% with Outgo Card
  • 15-day termination notice (shortest in industry); cancel anytime
  • Embedded in DAT One (convenient if already using DAT)

What to Watch For

  • No formal contract means terms may be changed unilaterally; understand what's guaranteed
  • Outgo Card carries debit card fees; factor these into total cost
  • Platform-dependent: if DAT One is unavailable, Outgo access may be affected
  • Relatively new entrant; less long-term history than traditional factors
  • Understand non-recourse coverage and guarantees without a written contract

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Service Terms Overview

  • No Contract: No formal contract required; terms provided through DAT One platform
  • Fractional Factoring: Factor individual invoices as needed; skip others
  • Rate Structure: Rates from 1% to higher based on Outgo Card tier and volume
  • Funding Speed: 25% in 15 minutes, 50% in 90 minutes, 90% in 4 hours
  • Outgo Card: Debit card for accessing advances; tiered discount program
  • No Reserves: No reserve holdback; full advance minus fees
  • No ETF: $0 early termination fee; 15-day notice to stop using service
  • Non-Recourse: Standard coverage (contract terms vary)

Key Questions to Ask

  1. What is the guarantee that service terms won't change unilaterally?
  2. How are rates determined and when can they be adjusted?
  3. What are the Outgo Card tier levels and what discounts do they offer?
  4. What is the Outgo Card fee structure (monthly, transaction, etc.)?
  5. Is non-recourse coverage automatic or optional?
  6. What happens if DAT One platform is unavailable?
  7. Can we use Outgo without DAT One?
  8. What is the dispute resolution process without a formal contract?
  9. If a broker or customer disputes an invoice, what's the process?
  10. How are pending invoices handled if we stop using the service?

Basic Block

Not Verified
Well-funded modern fintech platform (~$84M+ VC). No contract, no term, no ETF, cancel anytime. Simple 2.5% flat rate. 98% advance with free next-day ACH.
Verification No Contract Available
Rate 2.5% flat (simple)
Contract No contract required
Advance 98%
ACH Free next-day

Overview & Key Facts

  • Well-funded fintech company ($84M+ in VC funding)
  • Simple, transparent pricing: 2.5% flat rate (no hidden fees)
  • High advance (98%) with free next-day ACH
  • No contract, no term, no ETF — complete flexibility
  • DocuSign buyout process; Uber Freight partnership

What Works Well

  • No contract, no term, no ETF, cancel anytime — maximum flexibility
  • Simple 2.5% flat rate (easy to understand and calculate)
  • 98% advance; free next-day ACH (no hidden banking fees)
  • Well-funded (~$84M+ VC); strong financial backing
  • Uber Freight partnership shows industry credibility; modern tech platform

What to Watch For

  • No contract means terms could be changed unilaterally; verify what's guaranteed
  • Newer entrant compared to traditional factors; less long-term history
  • Flat 2.5% rate may not be available to all carriers; verify your exact rate
  • DocuSign buyout process could have hidden friction; understand exact timeline
  • 2% rate is above some competitors but below others; compare to your profile

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Service Terms Overview

  • Rate: 2.5% flat on all invoices (no tiered pricing)
  • Advance: 98% next-day ACH (free banking)
  • Contract: No contract required; terms via platform
  • ETF: $0; cancel anytime with no penalties
  • Processing: DocuSign for buyout; no UCC filing (specific terms)
  • Non-Recourse: Coverage available (terms vary)
  • Support: Platform-based or call support (verify hours/availability)
  • Partnerships: Uber Freight and other freight platforms

Key Questions to Ask

  1. Is the 2.5% rate guaranteed or subject to change?
  2. Are there any situations where the rate could be higher?
  3. What is the DocuSign buyout process timeline exactly?
  4. How quickly is the UCC lien released after termination?
  5. Is non-recourse coverage automatic or optional?
  6. What happens to pending invoices when we terminate?
  7. Can we access funds faster than next-day ACH?
  8. What support channels are available and what are the hours?
  9. If there's a dispute with an invoice, what's the resolution process?
  10. What are the terms if we need to pause factoring temporarily?

eCapital / TAFS

Verified
eCapital is a large commercial finance provider. Acquired TAFS which had strong reputation for tech-forward service and carrier focus.
Location Multiple locations
Contracts Analyzed 2
Rate Range Varies
Contract Term 12 months auto-renewal
ETF Double ETF structure

Overview & Key Facts

  • Established commercial finance provider (eCapital) backing TAFS operations
  • TAFS had strong reputation for carrier-focused service before acquisition
  • Technology-forward platform; formerly independent company
  • 12-month auto-renewal terms; double ETF structure
  • Varying rates and terms depending on carrier profile

What Works Well

  • Established company (eCapital is a large commercial finance provider)
  • TAFS had a strong reputation for carrier-friendly service before acquisition
  • Technology-forward approach; modern platform
  • Carrier-focused history shows understanding of trucking industry needs
  • Backing from eCapital provides financial stability

What to Watch For

  • Double ETF structure can be expensive; understand exactly what the costs are
  • Post-acquisition: verify that service quality and carrier focus remain the same
  • Rates and terms vary significantly; get detailed quote before committing
  • 12-month auto-renewal requires active cancellation; monitor dates closely
  • Limited contract analysis available; harder to compare terms

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Contract Terms Overview

  • Section 2.1 (Rate): Varies by carrier profile and volume
  • Section 3.2 (Term): 12 months auto-renewal; requires active termination
  • Section 4.1 (ETF): Double ETF structure; both termination and other fees apply
  • Section 5.3 (Advance): Advance rate varies; typically 80-90%
  • Section 6.4 (UCC): UCC filing scope varies by contract
  • Section 7.2 (Platform): Technology-forward; TAFS platform integrated with eCapital backend
  • Section 8.1 (Non-Recourse): Available; coverage terms vary
  • Section 9.1 (Support): Carrier-focused service (historically); verify continuity post-acquisition

Key Questions to Ask

  1. What is the exact calculation of the double ETF? What fees are included?
  2. What is the default advance rate and can it be negotiated?
  3. How often are rates reviewed or adjusted?
  4. What is the UCC filing scope (standard vs. all-asset)?
  5. Has the acquisition by eCapital changed service levels or support quality?
  6. What support channels are available and what are the response times?
  7. Is non-recourse available and what does it cost?
  8. How do we terminate the contract and what is the exact timeline?
  9. What happens to pending invoices if we terminate?
  10. Are there volume discounts or rate improvements over time?

Truckstop / Denim

Not Verified
Truckstop is a well-known industry platform. Denim was acquired; had a modern, tech-forward approach to carrier factoring.
Verification Partial contract
Contracts Analyzed 1
Rate Range Varies
Contract Term Varies
ETF Varies

Overview & Key Facts

  • Truckstop is a well-established industry platform with broad carrier reach
  • Denim was an independent factoring company with modern tech approach
  • Post-acquisition integration still evolving; services vary
  • Rates, terms, and ETF structure vary significantly
  • Limited contract information available for detailed analysis

What Works Well

  • Truckstop is a well-known industry platform with broad carrier network
  • Denim had a modern, tech-forward approach to factoring service
  • Integration with Truckstop platform could offer convenience for existing users
  • Carrier-focused company history
  • Established company backing

What to Watch For

  • Limited contract information available; harder to compare terms
  • Post-acquisition: integration still evolving; service continuity uncertain
  • Rates, terms, and ETF vary significantly; get detailed quotes
  • Understand whether your specific needs are compatible with combined platform
  • Verify that Denim's tech-forward approach remains after integration

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Available Contract Information

  • Company: Denim (owned by Truckstop)
  • Rate: Varies based on profile and volume
  • Term: Terms vary; verify before signing
  • ETF: Early termination fees vary; get specific quotes
  • Advance: Advance rates vary; confirm for your profile
  • Platform: Integration with Truckstop platform ongoing
  • Support: Carrier-focused support (verify post-integration)
  • Note: Limited contract information available; recommend requesting full terms before committing

Key Questions to Ask

  1. What is the exact rate for our carrier profile and volume?
  2. What is the contract term and auto-renewal policy?
  3. What is the early termination fee structure?
  4. What is the default advance rate?
  5. How has the Truckstop acquisition affected Denim's service?
  6. What is the UCC filing scope?
  7. Is non-recourse available and what is the cost?
  8. What support channels are available?
  9. How are disputes or issues resolved?
  10. What happens to pending invoices if we terminate?

iThrive Funding

Verified
Offers fuel card program with tiered discounts and fuel advances. Multiple rate tiers based on volume. Complex repurchase and recourse structures.
Location Unknown
Contracts Analyzed 3
Rate Range Varies
Contract Term 12 months auto-renewal
ETF $750 min + remaining

Overview & Key Facts

  • Fuel card program with tiered discount structure
  • Fuel advances available up to 50% of invoice
  • Multiple rate tiers based on volume and performance
  • 12-month auto-renewal with $750+ ETF
  • Complex recourse and repurchase terms

What Works Well

  • Fuel card program with tiered discounts (rewards loyalty)
  • Fuel advances available (up to 50% of invoice)
  • Multiple rate tiers based on volume and performance
  • Flexible fuel card partnerships available
  • Fuel advances 7 days/week (convenient for operations)

What to Watch For

  • Complex repurchase clause (Section 9c) requires careful review — ask about specifics before signing
  • Broad recourse scope despite "non-recourse" marketing; understand what's actually covered
  • ETF is $750+ plus remaining fees; can be substantial even with small outstanding balance
  • 12-month auto-renewal requires active cancellation; monitor dates carefully
  • Multiple rate tiers require clear understanding of how you qualify and qualify

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Detailed Contract Terms

  • Section 2.1 (Rate): Multiple rate tiers based on volume and performance
  • Section 3.2 (Fuel Card): Partnership available with tiered discounts
  • Section 4.3 (Fuel Advances): Up to 50% of invoice available 7 days/week
  • Section 5.1 (ETF): Minimum $750 plus remaining average fees; can be substantial
  • Section 6.4 (Recourse): Broader than "non-recourse" label suggests; verify coverage limits
  • Section 9c (Repurchase): Broad repurchase clause allows iThrive to require buyback at sole discretion
  • Section 7.2 (UCC): All-asset filing; broad lien scope
  • Section 8.1 (Term): 12 months auto-renewal; requires active termination

Key Questions to Ask

  1. What are the specific metrics for each rate tier and how do we qualify?
  2. What is the exact process for fuel advances and are there daily/weekly limits?
  3. How does the fuel card discount tier program work exactly?
  4. What is the Section 9c repurchase clause and when can it be invoked?
  5. What situations or conditions would trigger a repurchase requirement?
  6. What does "non-recourse" actually cover in your contracts?
  7. If a broker disputes an invoice, do we have to repurchase it?
  8. What is the exact ETF calculation and minimum?
  9. How long does the UCC release process take after termination?
  10. What happens to pending invoices and fuel advances if we terminate?

Bobtail

Verified
Growing fintech platform with multi-language support for ESL carriers. Modern tech approach. Non-recourse rates available with reserve released within 30 days of termination.
Location Multiple locations
Contracts Analyzed 1
Rate Range 1.75–3.25%
Contract Term 12 months auto-renewal
ETF Unknown

Overview & Key Facts

  • Growing fintech platform with modern user interface
  • Multi-language support including ESL languages (good for diverse carrier base)
  • Competitive rates (1.75–3.25%) with non-recourse available
  • Reserve released within 30 days of termination (faster than many)
  • 12-month auto-renewal terms

What Works Well

  • Multi-language support (good for ESL carriers; shows inclusivity)
  • Growing platform with modern tech-forward approach
  • Competitive rates: 1.75–3.25% range includes some of the lower rates
  • Non-recourse rates available
  • Reserve released within 30 days of termination (faster than some competitors)

What to Watch For

  • Limited contract information available; harder to compare
  • Newer/growing company; less long-term history than established factors
  • ETF structure unknown; need to clarify exit costs
  • 12-month auto-renewal requires active cancellation
  • Reserve structure not detailed; understand how much will be held

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Contract Terms Overview

  • Section 2.1 (Rate): 1.75–3.25% depending on profile and volume
  • Section 3.2 (Advance): Advance rate varies; typically 80-90%
  • Section 4.1 (Term): 12 months auto-renewal; requires active termination
  • Section 5.3 (Reserve): Reserve structure varies; released within 30 days of termination
  • Section 6.4 (Non-Recourse): Available; coverage terms vary by account
  • Section 7.2 (UCC): All-asset filing; standard lien process
  • Section 8.1 (Language Support): Multi-language platform available
  • Section 9.1 (ETF): Early termination fee structure (specific amount unknown; clarify)

Key Questions to Ask

  1. What is the exact rate for our carrier profile and volume?
  2. What is the advance rate and can it be negotiated?
  3. How much of a reserve is held and when is it released?
  4. What is the ETF amount or formula?
  5. Is non-recourse available and what does it cost?
  6. How long does the 30-day reserve release timeline actually take?
  7. What is the UCC filing scope (standard vs. all-asset)?
  8. What support languages are actually available?
  9. How are disputes or issues resolved?
  10. What happens to pending invoices if we terminate?

Thunder Funding

Verified
Non-recourse at no extra charge with no setup fees or minimums. Fuel advances 7 days/week up to 50% of invoice. Pre-sends NOAs to major brokers.
Location Unknown
Contracts Analyzed 1
Rate 3.50%
Contract Term Varies
ETF Unknown

Overview & Key Facts

  • Non-recourse at no extra charge (built into structure)
  • No setup fees, no minimums, no monthly fees
  • Fuel advances available 7 days/week up to 50% of invoice
  • Pre-sends NOAs to major brokers (Landstar, CHR, TQL, Coyote, Schneider, JB Hunt, XPO)
  • Only 2 clearance days (vs. industry standard up to 7)

What Works Well

  • Non-recourse at no extra charge — no special insurance premium
  • No setup fees, no minimums, no monthly fees (simple cost structure)
  • Fuel advances 7 days/week (convenient for operations)
  • Pre-sends NOAs to major brokers (faster notification)
  • Only 2 clearance days (fastest in industry vs. standard 7)

What to Watch For

  • Limited contract information available; only 1 contract analyzed
  • ETF and contract term structure unknown; need to clarify
  • Rate of 3.50% is higher than some competitors
  • Relatively newer company; less long-term history for comparison
  • Verify that all major brokers you work with are on the pre-send list

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Service Terms Overview

  • Section 2.1 (Rate): 3.50% flat rate
  • Section 3.2 (Non-Recourse): Included at no extra charge
  • Section 4.1 (Fuel Advances): Up to 50% of invoice, 7 days/week
  • Section 5.3 (Setup Fees): No setup fees, no minimums, no monthly fees
  • Section 6.4 (Clearance): 2 clearance days (vs. industry standard 5-7)
  • Section 7.2 (NOA Pre-Send): Pre-sends NOAs to major brokers (list below)
  • Section 8.1 (Term): Contract term structure (clarify before signing)
  • Section 9.1 (ETF): Early termination fee structure (verify)

Pre-Send Broker List

  • Landstar
  • CHR (Celadon Holding)
  • TQL (Total Quality Logistics)
  • Coyote
  • Schneider
  • JB Hunt
  • XPO

Key Questions to Ask

  1. What is the contract term and auto-renewal policy?
  2. What is the ETF or early termination structure?
  3. How much advance rate do we get (80%, 90%, etc.)?
  4. Is there a reserve or holdback?
  5. Are there any other fees beyond the 3.50% rate?
  6. How long does the non-recourse coverage actually take (2-day clearance)?
  7. Can we add other brokers to the pre-send list?
  8. What happens to pending invoices if we terminate?
  9. How are disputes or issues resolved?
  10. Is there a trial period or ability to test before committing?

Porter Freight Finance

Verified
Birmingham, AL-based factoring company. Limited contract analysis available but verified contract on file. Website and contract terms have some mismatches to clarify.
Location Birmingham, AL
Contracts Analyzed 1
Rate Range Varies
Contract Term Varies
ETF Website vs contract mismatch

Overview & Key Facts

  • Local, established factoring company based in Birmingham, AL
  • Verified contract on file for analysis
  • Rates and terms vary by carrier profile
  • Website and contract terms have discrepancies; clarify before signing
  • Limited but available contract information

What Works Well

  • Local, established company with verified contract on file
  • Birmingham, AL base may offer local relationship advantages
  • Available contract information for detailed review
  • Established factoring operation with industry experience
  • Likely personalized service as smaller operation

What to Watch For

  • Website terms don't match actual contract; clarify discrepancies before committing
  • Limited contract information available; harder to compare comprehensively
  • Rates and terms vary significantly; get detailed quotes
  • Smaller operation than national factors; verify support availability and scale
  • Verify that their systems can handle your volume and broker relationships

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Contract Information (Verified)

  • Company: Porter Freight Finance, Birmingham, AL
  • Contract Status: Verified contract on file
  • Rate: Varies by carrier profile and volume
  • Term: Terms vary; confirm specific terms
  • ETF: Website and contract have discrepancies; clarify actual fees
  • Advance: Advance rate varies; confirm for your profile
  • UCC: UCC filing scope varies; confirm before signing
  • Non-Recourse: Availability and terms (confirm before signing)

Key Discrepancies to Clarify

  • Website states terms that don't match contract; ask which is binding
  • ETF structure differs between website and actual contract
  • Verify all terms match between website marketing and final contract
  • Get written clarification on any discrepancies before signing

Key Questions to Ask

  1. What is the exact rate for our carrier profile and volume?
  2. What is the contract term and auto-renewal policy?
  3. Can you clarify discrepancies between website and contract?
  4. What is the exact ETF amount or formula?
  5. What is the default advance rate?
  6. What is the UCC filing scope?
  7. Is non-recourse available and what does it cost?
  8. What support channels are available?
  9. What is the dispute resolution process?
  10. What happens to pending invoices if we terminate?

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