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Apex Capital

One of the most well-known factoring companies in trucking. Heavy marketing presence.

3.4/5312 reports

True Average Rate

3.9%

What you actually pay

Advertised Rate

1.5%-3.5%

What they tell you

Monthly Cost (est.)

$648.625

On $50K in invoices

Hidden Fee Score

5/10

Some hidden fees

Contract

6-12 months

Type

both

Termination

$250 flat fee

Complete Fee Breakdown

Based on publicly available data. Upload a contract to improve accuracy.

Base Factoring Fee

Base Factoring Rate

Flat rate on each invoice factored

2.5%100% of users report this

Per-Invoice Fees

Invoice Processing Fee

Charged per invoice submitted

$1.5080% of users report this

Funding Fees

ACH Transfer Fee

Fee for each ACH bank transfer

$2.5085% of users report this

Wire Transfer Fee

Fee for wire transfers instead of ACH

$15.0060% of users report this

Monthly/Recurring Fees

Monthly Technology Fee

Portal access and online tools fee

$2555% of users report this

Penalty & Exit Fees

Early Termination Fee

Fee for leaving before contract ends

$25075% of users report this

Other Fees

Credit Check Fee

Per-broker credit check fee

$3.5065% of users report this

True Monthly Cost Calculation

Based on 15 invoices/month at $1,200 avg ($18K/month total)

Base factoring fee$450
Additional fees$199
Total monthly cost$649
Effective true rate3.6%

Red Flags

  • Rate can increase after first 6 months based on volume
  • Non-recourse option has significantly higher rate
  • Monthly technology fee not disclosed upfront

3 cheaper options found

1
BasicBlock2.4%
Save ~$270/moMonth-to-month
bothLow hidden fees
2
Bobtail2.6%
Save ~$234/moMonth-to-month
non-recourseLow hidden fees
3
OTR Solutions3.2%
Save ~$126/moMonth-to-month
bothLow hidden fees

Rankings are data-driven, not sponsored. Based on community-reported rates on $50K/mo.

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