At a company job, payday was never your problem. On your own authority, a broker may pay 30 to 60 days after delivery while fuel is due today. The best factoring companies for a new owner-operator are the ones with short commitments, no volume minimums, clear fees and an app you can use from the cab. We compared five on exactly that, using only what each one publishes.
Disclosure: RTS Financial is our referral partner, and we may be paid when you sign up through us. It's listed first and marked. That doesn't change what we report about it or anyone else. Full disclosure.
How much do you invoice a month?
We refer carriers to a factoring partner and may be paid for referrals. Disclosure
Each card shows only what the company says on its own website, checked in October 2026. Where a company doesn't publish a term, we say so instead of guessing; that's a question to ask on the phone. Switch situations to see a different set of facts.
A new authority needs a factor that will take it on, short commitments and no volume minimums while loads are irregular.
Source: rtsinc.com · checked 2026-10
Source: apexcapitalcorp.com · checked 2026-10
Source: bobtail.com · checked 2026-10
Source: otrsolutions.com · checked 2026-10
Source: triumph.io · checked 2026-10
RTS Financial
Fast advances and app uploads; you learn the rate only after you apply.
Apex Capital
The only one here with a published startup program for new authorities, plus no-minimum and no-long-contract statements.
Bobtail
The only one that publishes a price ceiling (3.24%), with a 90-day no-commitment start.
OTR Solutions
Leads with non-recourse and instant funding; contract and fee terms aren't on its site.
Triumph
Says month-to-month, no minimums and no reserves; funding speed and fuel terms weren't on the pages we read.
No ranking, no stars. We don't have a fair way to score companies we haven't used across thousands of invoices, so we won't pretend to.
We send carriers to RTS Financial because it advances most of each invoice fast, lets drivers upload paperwork from the app, says it has no hidden fees, and adds a fuel card with discounts at its network stations. For a one-truck owner who wants paperwork and payment handled in one place, that covers most of what matters.
Source: RTS freight factoring page · checked Oct 2026
Where it may not fit: RTS Financial doesn't publish a fee percentage, so you only learn your rate after applying, and its fuel discounts apply only at in-network stations. If you want a published price before you call, or your lanes run past few of its stations, compare it with the others above.
Typical factoring costs, 2026
Source: AtoB, Freight Factoring guide (updated May 8, 2026) · checked Oct 2026
What a rate costs per load, with minimums and transfer fees added: see factoring rates.
Contract term, volume minimums, published fees, recourse, funding speed, fuel program, mobile app and new-MC programs: the eight things a first-year owner-operator asks about most.
Each company's own public website, read in October 2026. No review sites, no forum posts, no numbers from salespeople. Each card links its source page.
Rates nobody publishes, ratings, and companies whose sites we couldn't read clearly. Terms change; we re-check this page at least once a year and date every update.
Your first factor doesn't have to be your last. Switching takes some paperwork and a little timing. This is a plain overview, not legal advice: your agreement sets the actual steps.
A common moment to shop again is around six months in. By then your authority has some history, you know your monthly volume, and you can show a factor which brokers you haul for. That gives you a real case for a lower rate, either from a new company or from the one you have. Ask yours first; keeping a customer is cheaper for them than finding one.
Want a real rate to compare?
We refer carriers to a factoring partner and may be paid for referrals. Disclosure
We refer carriers to RTS Financial and may be paid for referrals. Not financial advice: compare offers and read the agreement. Disclosure
Factoring pays you faster. Dispatch keeps the invoices coming.
5% of gross (7% while your MC is under 6 months). Every load offered to you first.
No. Non-recourse costs more, often a full point or more (AtoB's 2026 guide puts recourse at 1-3% and non-recourse at 3-5% or more), and usually covers only a broker's credit failure, such as bankruptcy. Disputes, short pays and missing paperwork stay your problem either way. If you haul for brokers with strong credit, recourse can be the better deal.
The full fee schedule in writing, not just the rate. Then the contract term and how to leave, any monthly minimum, what recourse covers, how fast money reaches your bank and what that costs, and whether you choose which invoices to factor. A factor that's easy to reach by phone at 6 p.m. on a Friday is worth a little more.
On their own pages, Apex Capital says it has no long-term contract restrictions, Bobtail offers no long-term commitment for the first 90 days and a month-to-month option, and Triumph describes month-to-month factoring. Others don't publish their terms. Whatever a page says, the agreement you sign is what counts, so read the term and termination clause.
Many do. Of the companies we checked, RTS, Apex, Bobtail and OTR Solutions all publish a fuel card or fuel discount program, each with its own network of stations and its own discount math. Compare discounts at the stations on your lanes, not the national average a company advertises.
Most factors work with new authorities, because they judge your brokers' credit more than your history. Apex publishes a startup program whose members are pre-approved for its factoring. Others ask for an application. Expect a new MC to get a rate in the upper half of the typical range at first, and ask what changes after six months.