Best Trucking Factoring Reviews 2023

Explore the finest freight factoring options with our undercover reviews of Apex, OTR Solutions, Triumph, RTS, and TBS. Discover the best financial services to maintain your business’s cash flow. We prioritize maximum transparency in ranking. Read more

Important to Us When Rating

Customer Satisfaction

Customer Satisfaction

Customer Satisfaction

Top ratings

Our team of reviewers went undercover to find the best factoring service for a freight business’ needs.

4.9/5

Company Terms

Score: 10.0

Excellent

  • Previously known as OTR Capital
  • In Our Opinion- the Closest to “True Non-Recourse.
  • DAT Partner
  • No Minimum Volume for Non-Recourse
  • 90 Day Notice Contract
  • Negotiable Free ACH
  • Recourse Option Available
  • Best Google Reviews (4.7/5)
  • 2-4% Rate for Non-Recourse
  • No Reserve for Non-Recourse

 

4.9/5

Score: 8.0

Good

Company Terms

  • Previously known as OTR Capital
  • In Our Opinion- the Closest to “True Non-Recourse.
  • DAT Partner
  • No Minimum Volume for Non-Recourse
  • 90 Day Notice Contract
  • Negotiable Free ACH
  • Recourse Option Available
  • Best Google Reviews (4.7/5)
  • 2-4% Rate for Non-Recourse
  • No Reserve for Non-Recourse

 

4.9/5

Score: 7.5

Ok

Company Terms

  • Previously known as OTR Capital
  • In Our Opinion- the Closest to “True Non-Recourse.
  • DAT Partner
  • No Minimum Volume for Non-Recourse
  • 90 Day Notice Contract
  • Negotiable Free ACH
  • Recourse Option Available
  • Best Google Reviews (4.7/5)
  • 2-4% Rate for Non-Recourse
  • No Reserve for Non-Recourse

 

4.9/5

Score: 6.1

Not the best

Company Terms

  • Previously known as OTR Capital
  • In Our Opinion- the Closest to “True Non-Recourse.
  • DAT Partner
  • No Minimum Volume for Non-Recourse
  • 90 Day Notice Contract
  • Negotiable Free ACH
  • Recourse Option Available
  • Best Google Reviews (4.7/5)
  • 2-4% Rate for Non-Recourse
  • No Reserve for Non-Recourse

 

4.9/5

Score: 5.5

Not recommended

Company Terms

  • Previously known as OTR Capital
  • In Our Opinion- the Closest to “True Non-Recourse.
  • DAT Partner
  • No Minimum Volume for Non-Recourse
  • 90 Day Notice Contract
  • Negotiable Free ACH
  • Recourse Option Available
  • Best Google Reviews (4.7/5)
  • 2-4% Rate for Non-Recourse
  • No Reserve for Non-Recourse

 

We analyzed some of the most popular factoring companies, and here is why OTR Solutions (previously known as OTR Capital) is #1

In our comprehensive review of trucking factoring services, we took a multi-faceted approach to evaluate each company. While we found that most companies offer flexibility in key areas like recourse vs. non-recourse factoring, contract length, reserve requirements, and minimum volumes, it’s crucial to note that the industry has a reputation for not always delivering on promises. Therefore, we focused our analysis on the following key metrics:

Customer Satisfaction and Reputation

We didn’t just rely on average Google review scores. We went a step further. We analyzed the most recent reviews using artificial intelligence for sentiment analysis. This provided us with a summarized view of customer sentiment for each company, offering a more nuanced understanding of their reputation.

Read more

Financial Stability

Due to copyright restrictions, we can’t publicly share the stability score or the name of the major credit agency (E*******n) we initially sought to use for evaluating each company’s financial health. However, we’ve created well-explained equivalents to help you make an informed decision right from the start.

Read more

Better Business Bureau (BBB) Data

The BBB’s grading system is more complex than just tallying complaints. Therefore, we’ve divided this metric into two separate categories: the BBB grade and the number of complaints. This allows for a more comprehensive view of a company’s standing with the BBB.

Read more

What OTR Customer Says

OTR Capital

4.7/5.0 rating

Based on 251 reviews

See all reviews

OTR Capital

4.7/5.0 rating

Based on 251 reviews

See all reviews

OTR Capital

4.7/5.0 rating

Based on 251 reviews

See all reviews

OTR Capital

4.7/5.0 rating

Based on 251 reviews

See all reviews

Customer Satisfaction And Reputation Based On Google Reviews.

4.7/5

Based on 251 reviews

OTR Solutions (previously known as OTR Factoring) has 2 locations. One in Roswell, GA and another in Phoenix, AZ. The one in Roswell, GA has all the reviews. We took the latest ones, gave them to an artificial intelligence system, and it provided us with a summary.

OTR Solutions enjoys a strong reputation for its efficient service, competitive rates, and quick payments. Customers frequently commend the company’s responsive and attentive account managers, noting their reliability and transparency. While there are occasional mentions of language barriers and customer service nuances, these are relatively minor in the context of overwhelmingly positive feedback. Overall, the company is highly regarded in its field, with only slight room for fine-tuning in customer service.

4.7/5

Based on 251 reviews

OTR Solutions (previously known as OTR Factoring) has 2 locations. One in Roswell, GA and another in Phoenix, AZ. The one in Roswell, GA has all the reviews. We took the latest ones, gave them to an artificial intelligence system, and it provided us with a summary.

OTR Solutions enjoys a strong reputation for its efficient service, competitive rates, and quick payments. Customers frequently commend the company’s responsive and attentive account managers, noting their reliability and transparency. While there are occasional mentions of language barriers and customer service nuances, these are relatively minor in the context of overwhelmingly positive feedback. Overall, the company is highly regarded in its field, with only slight room for fine-tuning in customer service.

4.7/5

Based on 251 reviews

OTR Solutions (previously known as OTR Factoring) has 2 locations. One in Roswell, GA and another in Phoenix, AZ. The one in Roswell, GA has all the reviews. We took the latest ones, gave them to an artificial intelligence system, and it provided us with a summary.

OTR Solutions enjoys a strong reputation for its efficient service, competitive rates, and quick payments. Customers frequently commend the company’s responsive and attentive account managers, noting their reliability and transparency. While there are occasional mentions of language barriers and customer service nuances, these are relatively minor in the context of overwhelmingly positive feedback. Overall, the company is highly regarded in its field, with only slight room for fine-tuning in customer service.

Important to Us When Rating

Our team of reviewers went undercover to find the best factoring service for a freight business’ needs.

Non- Recourse Option

Companies offer both recourse and non-recourse

Most factoring companies offer both recourse and non-recourse factoring options. Non-recourse option is when the factoring company assumes the risk of an invoice not being paid. Recourse is the opposite. If a broker does not pay the invoice, the trucking operator has to repay the factoring company. This makes non-recourse factoring coverage a critical comparison indicator.

Read more

Non- Recourse Option

Companies offer both recourse and non-recourse

Most factoring companies offer both recourse and non-recourse factoring options. Non-recourse option is when the factoring company assumes the risk of an invoice not being paid. Recourse is the opposite. If a broker does not pay the invoice, the trucking operator has to repay the factoring company. This makes non-recourse factoring coverage a critical comparison indicator.

Read more

Non- Recourse Option

Companies offer both recourse and non-recourse

Most factoring companies offer both recourse and non-recourse factoring options. Non-recourse option is when the factoring company assumes the risk of an invoice not being paid. Recourse is the opposite. If a broker does not pay the invoice, the trucking operator has to repay the factoring company. This makes non-recourse factoring coverage a critical comparison indicator.

Read more

Non- Recourse Option

Companies offer both recourse and non-recourse

Most factoring companies offer both recourse and non-recourse factoring options. Non-recourse option is when the factoring company assumes the risk of an invoice not being paid. Recourse is the opposite. If a broker does not pay the invoice, the trucking operator has to repay the factoring company. This makes non-recourse factoring coverage a critical comparison indicator.

Read more

Non- Recourse Option

Companies offer both recourse and non-recourse

Most factoring companies offer both recourse and non-recourse factoring options. Non-recourse option is when the factoring company assumes the risk of an invoice not being paid. Recourse is the opposite. If a broker does not pay the invoice, the trucking operator has to repay the factoring company. This makes non-recourse factoring coverage a critical comparison indicator.

Read more

Non- Recourse Option

Companies offer both recourse and non-recourse

Most factoring companies offer both recourse and non-recourse factoring options. Non-recourse option is when the factoring company assumes the risk of an invoice not being paid. Recourse is the opposite. If a broker does not pay the invoice, the trucking operator has to repay the factoring company. This makes non-recourse factoring coverage a critical comparison indicator.

Read more

means the business is very low risk, so it’s probably safe to lend money to or work with them.

is for businesses that are generally safe.

means the business has a medium level of risk.

suggests the business is risky and you should be cautious.

means the business is very high risk and it’s probably best to avoid any credit operations or working with them.

Financial Stability

As we’ve mentioned before, there’s a major credit agency (E******n) that we can’t name in public due to copyright issues. You can reach out to us in private here for full details here. They have a Financial Risk rating that’s grading business on a scale comparable to that of school grades (A, B, C, D, and F).

 

The score is calculated by looking at various things about the business, like how often they pay their bills late, if they have any debts they haven’t paid, or if they’ve ever gone bankrupt before. It also considers what kind of business it is, because some types of businesses are riskier than others. All this information is used to give the business a score between 1 and 100 and a grade between A and F. This helps you quickly understand if the business is a safe bet or a risky one.

4.7/5

Based on 251 reviews

4.7/5

Based on 251 reviews

4.7/5

Based on 251 reviews

4.7/5

Based on 251 reviews

4.7/5

Based on 251 reviews

Better Business Bureau

The Better Business Bureau is a household name when it comes to grading businesses, but we’ve noticed something interesting: the number of complaints doesn’t seem to weigh heavily enough in their final grades. So, we’re splitting our analysis of their data in 2 and giving you a double dose of insights!

First up, we’ll reveal the number of complaints each company has racked up over the last 12 months and the last 3 years. This will give you an immediate sense of any red flags. Then, we’ll follow up with the general BBB grade, which takes multiple factors into account.

Overall BBB Complaints

Company

Grade

OTR Solutions

A+

Triumph Business Capital

A

TAFS

A

TBS Factoring

A

RTS Financial

A

Overall BBB Grade

Company

12 Months

3 Years

OTR Solutions

3

9

Triumph Business Capital

6

17

TBS Factoring

20

41

RTS Financial

22

63

TAFS

165

351

What OTR Customer Says

Grant Lienhart

Juan Castro has been extremely helpful for many years. Any time I've got an issue or need something, he's the guy who can get it for me. Very professional, very friendly, and extremely hard working this man is. Thank you for your support and assistance over the past few years.

4 month ago

4.7/5.0 rating

Grant Lienhart

Juan Castro has been extremely helpful for many years. Any time I've got an issue or need something, he's the guy who can get it for me. Very professional, very friendly, and extremely hard working this man is. Thank you for your support and assistance over the past few years.

4 month ago

4.7/5.0 rating

Grant Lienhart

Juan Castro has been extremely helpful for many years. Any time I've got an issue or need something, he's the guy who can get it for me. Very professional, very friendly, and extremely hard working this man is. Thank you for your support and assistance over the past few years.

4 month ago

4.7/5.0 rating

Grant Lienhart

Juan Castro has been extremely helpful for many years. Any time I've got an issue or need something, he's the guy who can get it for me. Very professional, very friendly, and extremely hard working this man is. Thank you for your support and assistance over the past few years.

4 month ago

4.7/5.0 rating

Top-Rated: OTR Solutions Leads the Pack

After meticulous evaluation across multiple key metrics, we are pleased to announce that OTR Solutions secures the top position in our comprehensive rating of trucking factoring services. Here’s why they stand out:

Exceptional Google Reviews

OTR Solutions leads the list with the highest average Google review scores among the five companies we scrutinized. The customer consensus? Outstanding service.

Exceptional Google Reviews

OTR Solutions leads the list with the highest average Google review scores among the five companies we scrutinized. The customer consensus? Outstanding service.

Exceptional Google Reviews

OTR Solutions leads the list with the highest average Google review scores among the five companies we scrutinized. The customer consensus? Outstanding service.

Summary

Overall, our reviewers identified OTR Solutions (previously known as OTR Capital) as the best option available. Their sales representatives were nice and pleasant. The factoring company has rates comparable to others, a great customer service rating, possibly closest to “true non-recourse” out there, low or no ACH fees, no hidden fees, no reserve policy, and a reasonable 90-day cancellation notice. Other companies may compete with each of these individual points. Though OTR’s overall value seems to be the best.

Get in touch with OTR Solution today!

You can get in touch with OTR Solutions (previously known as OTR Capital) by calling or filling out a short form.

Quick links

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