OTR Solutions – Best Factoring Company for 2026
OTR Solutions is the best factoring choice for trucking companies that value speed and security. They are best known for their “True Non-Recourse” program, which protects carriers from losing money if a broker fails to pay.
Working with the right freight factoring company can improve your cash flow and streamline operations, making it possible for your business to grow. But with over 50 invoice factoring companies in the US offering services for trucking, it’s easy to get overwhelmed.
To help you find a long-term partner, I personally interviewed dozens of factoring companies and found those offering the best service for trucking and transportation businesses. My team also helped me research the things that matter most: Rates, add-on benefits like TMS and fuel cards, contract terms, recourse vs non-recourse, customer service, and reviews from trucking companies.
Freight Factoring Rates
Factoring rates are based on your revenue, invoice value, customer risk, and industry (trucking is low risk). A fair rate is important, but it shouldn’t be your deciding factor.
For more info, check out our guide on Factoring Rates.
Best Trucking Factoring Companies
| Freight Factoring Company | Why They Made Our List |
|---|---|
| OTR Solutions | Top rated technology and customer service |
| altLINE | Stability and flexibility, low fees |
| Riviera Finance | Friendly customer service and true non-recourse |
| Single Point Capital | Great reputation from customer feedback |
| Porter Freight Funding | High advance rate |
| eCapital | Immediate funding and revolving line of credit |
| RTS Financial | Good for companies with five or more trucks |
| Apex Capital Corp | Friendly account managers and quality service |
| TAFS | Quick funding and side benefits |
1. OTR Solutions
OTR Solutions is a the best factoring company for trucking because they understand the importance of providing excellent customer service. Not only does OTR offer a true non-recourse factoring solution, but they also go above and beyond to make sure their clients are taken care of. They are always available to answer questions and help clients get the most out of their services.
Since it was my first time using OTR’s portal, submitting invoices averaged me about 4 minutes each. The more experienced carriers we spoke to said the whole process to submit an invoice can take less than 1 minute using the OTR Solutions Mobile App or Client Portal.
Funding with OTR Solutions is usually within 24 hours, but there’s also an instant funding option to help transportation companies with cash flow. A bonus is the ability to get deposits even on most bank holidays.
Through their affiliate partners, OTR Solutions offers a wide range of services including fuel cards, tax assistance, equipment financing, and insurance. They also have an extensive library of trucking resources and educational materials to help clients from owner operators to larger trucking businesses.
Trucking Specific Features
True Non-Recourse Factoring
With one of the only True Non-Recourse Factoring programs in the industry, OTR’s tailor-made program provides flexibility for your growth. From fleet factoring program for mid to fleet sized carriers, to owner-operators, virtually anyone can take advantage of the best full-service freight factoring with OTR Solutions.
Easy Customer Approvals
OTR Solutions has a portal that makes it easy to check your customer’s credit. It’s available online 24/7, and it’s as simple as entering your customer’s MC number. Of course, you can also call or email the support team at OTR with an MC number for approval.
Mobile App
OTR has a highly rated mobile app to help with factoring services while on the go. Within the app, uploads, data, notes, paperwork, and even fuel cards can all be managed. OTR’s technology based approach makes it easy to streamline processes and get work done while you’re out of the office.
Fuel Advances
OTR Solutions provides up to 50% of the linehaul amount as a fuel advance for factored loads, with a maximum of $3,000. Advances are available with the OTR Solutions Fuel Card. Fuel discounts through OTR average 51¢ per gallon.
OTR Solutions Highlights
| Advance Rate | Up to 100% |
| Discount Rate | From 1% to 4% |
| Recourse or Non-Recourse | Recourse and non-recourse are both available |
| Speed of Funding | Within 24 hours, or instant funding option is available |
| Revenue Requirements | No minimums |
2. altLINE
altLINE, a division of The Southern Bank Company, stands out as a top freight factoring company due to its unique position as a bank-backed factoring service, offering competitive rates and reliable financial support tailored to the trucking industry.
With a focus on transparency and personalized service, altLINE is an excellent choice for trucking companies seeking a flexible recourse factoring solution. When we say altLINE is flexible we mean they allow your to choose which invoices to factor, adjust the volume of invoices sold, or scale the arrangement based on your needs.
altLINE provides factoring services with low fees and high advance rates, ensuring trucking companies can maintain healthy cash flow. Their streamlined process allows for quick funding, typically within 24 hours, and their dedicated team offers exceptional customer service to guide clients through the factoring process.
As a bank-affiliated factoring company, altLINE combines the stability of a financial institution with the flexibility needed to support trucking businesses of all sizes, from owner-operators to large fleets.
Trucking Specific Features
Transparent Pricing
altLINE is known for its clear and competitive pricing structure, with no hidden fees or long-term contracts. Their factoring fees are among the lowest in the industry, starting at only 0.9%, making it an affordable option for trucking companies looking to maximize their cash flow.
Credit Checks and Risk Management
altLINE offers free credit checks on brokers and shippers, accessible through their online portal or by contacting their support team. This helps carriers make informed decisions about load acceptance, minimizing the risk of non-payment and ensuring smoother operations.
Fuel Card Program
altLINE’s fuel card program provides significant discounts at major fuel stations nationwide, averaging 25¢ per gallon. This program helps trucking companies reduce fuel costs, one of the largest expenses in the industry, while maintaining operational efficiency.
User-Friendly Technology
altLINE’s online portal and mobile app make it easy to submit invoices, track payments, and manage accounts even while you’re on the go. The intuitive interface is designed to save time and simplify administrative tasks, allowing trucking professionals to focus on their core business.
altLINE Highlights
| Advance Rate | Up to 99% |
| Discount Rate | From 1% to 3% |
| Recourse or Non-Recourse | Recourse only |
| Speed of Funding | Typically same day |
| Revenue Requirements | No minimums |
altLINE’s combination of bank-backed stability, low factoring fees, and value-added services like fuel discounts and free credit checks makes it a great choice for trucking companies seeking reliable and cost-effective freight factoring.
3. Riviera Finance
Riviera Finance is one of the best factoring companies because their contracts are deliberately kept short to be upfront, honest, and transparent. With over 25 locations and eight processing centers in the Riviera network, Riviera provides local, top-notch customer service. Riviera Finance is a trusted resource for full-service, non-recourse freight factoring and they also serve other industries like construction.
During our research, Riviera Finance tied for having the friendliest and most responsive customer service team. Their knowledgeable account managers were extraordinarily helpful and easy to talk to.
Riviera pays cash for net 30 invoices within 24 hours for up to 95% of the billed amount. Their automated FastCredit feature provides instant credit approvals on shippers and brokers 24/7.
Riviera Finance will work with companies of all sizes, including one-truck operations. Your dedicated account representative will be available at all times.
Trucking Specific Features
No Blanket UCC Filings
Riviera Finance is a factoring company that only does UCC filings on receivables — they DO NOT do blanket UCC filings, like some other factoring companies.
Load Boards
Riviera in their partnership with Direct Freight, provides pre-approval on loads listed on the Direct Freight load board. The Greenlight icon on a listed load indicates it is pre-approved for Riviera’s top-rated non-recourse factoring.
Fuel Card
Riviera’s cost plus fuel card through TCS averages 40¢ off per gallon at locations like AMBEST, Speedway, TA, Petro, Roady’s, Sapp Bros, and Petroleum Wholesale. Receive fuel discounts at over 1,800 locations nationwide.
Riviera Finance Highlights
| Advance Rate | 95% |
| Discount Rate | Starts at 2%, volume discounts available |
| Recourse or Non-Recourse | Full-service, non-recourse factoring |
| Speed of Funding | Within 24 Hours |
| Revenue Requirements | No minimums, up to $2 million in monthly sales |
4. Single Point Capital
Single Point Capital is a family-owned factoring company that focuses exclusively on the transportation industry. Their knowledgeable team is known for providing superior customer service, as shown in 100’s of 5-star reviews, making them one of the best factoring companies for trucking.
Single Point Capital offers both recourse and non-recourse factoring options, with competitive rates starting as low as 1.5%. During our research, we found that they are known for their transparent pricing structure, with no hidden fees or long-term contracts. They also have a quick and efficient funding process ensures that clients receive their money within 24 hours of invoice submission .
Single Point Capital offers comprehensive back-office support, including collections services. This allows trucking companies to focus on their core business while Single Point handles the administrative tasks.
Trucking Specific Features
Same-Day Funding
Single Point Capital offers same-day funding for invoices submitted before 1:00 pm (CST), helping trucking companies maintain healthy cash flow and cover immediate expenses like fuel and payroll.
Mobile App
Single Point’s user-friendly mobile app allows clients to submit invoices, check credit, and manage their account on the go. This is particularly useful for owner-operators that are often on the road.
Fuel Credit Program
Available exclusively to Single Point Capital freight factoring clients, their fuel credit program provides up to $1,500 per truck, per week. Clients can get a line of credit up to 20% of their monthly revenue, helping to keep fleets moving.
Free Credit Checks
Single Point Capital provides unlimited, free credit checks on brokers and shippers. This feature helps carriers make informed decisions about which loads to accept, reducing the risk of non-payment.
Single Point Capital Highlights
| Advance Rate | Up to 97% |
| Discount Rate | From 1.5% to 3.5% |
| Recourse or Non-Recourse | Both options available |
| Speed of Funding | Within 24 Hours |
| Revenue Requirements | No minimum volume requirements |
Single Point Capital’s focus on the trucking industry, combined with their competitive rates and value-added services, makes them a good choice for carriers and owner-operators looking for a reliable factoring partner.
5. Porter Freight Funding
Porter Freight Funding offers a straightforward factoring service built with start-up phase companies in mind. That said, as a top factoring company they work with small and large trucking companies and provide a comprehensive service for those looking for a one stop shop.
Porter Freight Funding offers many benefits to trucking clients and freight brokers with flexible contract options and straightforward flat rate pricing. A dedicated client representative allows new trucking companies to speak with an industry expert to assist with getting set up.
Trucking Specific Features
Fuel Card
Porter Freight Funding’s fuel card program provides a discount of 14¢ per gallon at large fuel stations and up to 25¢ off at many smaller locations. Fuel advances are available for 45% of the load. Their diesel credit line also offers up to $2,000 per truck.
Mobile App
Porter’s mobile app offers a great way to streamline factoring services and handle the ins and outs of your operation. You can create and submit a credit request, create and submit a load, check load status, and troubleshoot funding issues.
Dispatching Network
Porter Freight Funding offers specialized expert dispatching for specific loads like reefers, hotshots, flatbed, van, and power-only.
Porter Freight Funding Highlights
| Advance Rate | Up to 100% |
| Discount Rate | Usually between 1% to 3% |
| Recourse or Non-Recourse | Both are available |
| Speed of Funding | Same day funding through ACH, wire, or fuel card |
| Revenue Requirements | No minimum on 1-2 trucks |
6. eCapital
eCapital offers immediate funding on new invoices and a revolving line of credit through their partnership with Visa — allowing for instant access to funds.
Their back office support is available even on weekends. eCapital also has an onboarding process to walk new clients through their platform. To make your choice easier, they offer a 90 day trial period.
Trucking Specific Features
Fuel Card Discounts
The eCapital fuel card offers 12¢ per gallon off the cash price. With coverage at 16,000+ locations nationwide and credit terms on all purchases, you can save thousands on the cost of fuel. Qualification is straightforward and easy for any fleet size.
With their fuel management portal, you can check fuel spend whenever and wherever you need to.
Credit Checks
eCapital provides unlimited credit checks. Their database contains information on over 40,000 brokers and shippers. It’s a great way to check out clients beforehand and mitigate risk.
Credit checks are available for both recourse and non-recourse factoring.
Transportation Insurance
Commercial transportation coverage is a major expense, so eCapital offers insurance for all class sizes of commercial vehicles. Exclusively for eCapital clients, the BizChoice Transportation Insurance Program specializes in providing complete and comprehensive commercial truck insurance solutions to keep you on the road.
Broker Network
Broker Network is a feature built on the partnerships eCapital has developed over 25 years in the industry. With access to a free list of brokers nationwide, you can find high-paying loads that are credit approved and factorable.
eCapital Highlights
| Advance Rate | Up to 100%, one of the highest in the industry |
| Discount Rate | Between 1% and 5% |
| Recourse or Non-Recourse | Non-recourse factoring is available |
| Speed of Funding | Immediate funding and revolving line of credit |
| Revenue Requirements | Rates and fees may be determined based on income |
7. RTS Financial
RTS Financial offers an integrated approach to freight factoring, fuel discounts, and trucking software. They have been in business since 1995 and bring on almost 1,000 new clients each month.
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