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Factor Loads

Smaller factoring company with decent rates but limited technology platform.

3.1/587 reports

True Average Rate

4.1%

What you actually pay

Advertised Rate

2%-4%

What they tell you

Monthly Cost (est.)

$1,437.6

On $50K in invoices

Hidden Fee Score

6/10

Some hidden fees

Contract

6 months

Type

recourse

Termination

$200 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

3.0%100% of users report this

Per-Invoice Fees

Invoice Processing Fee

Per invoice charge

$2.0082% of users report this

Funding Fees

ACH Transfer Fee

ACH transfer fee

$2.5080% of users report this

Monthly/Recurring Fees

Monthly Minimum Fee

Low-moderate monthly minimum

$7568% of users report this

Penalty & Exit Fees

Early Termination Fee

Reasonable termination fee

$20072% of users report this

Other Fees

Credit Check Fee

Per-broker credit check

$4.5060% of users report this

Reserve Hold

Standard reserve hold

5%88% of users report this

True Monthly Cost Calculation

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

Base factoring fee$540
Additional fees$898
Total monthly cost$1,438
Effective true rate8.0%

Red Flags

  • Limited online portal - mostly phone/email based
  • Rate can vary based on broker credit score without notice
  • Auto-renewal clause in some contracts

3 cheaper options found

1
BasicBlock2.4%
Save ~$306/moMonth-to-month
bothLow hidden fees
2
Bobtail2.6%
Save ~$270/moMonth-to-month
non-recourseLow hidden fees
3
OTR Solutions3.2%
Save ~$162/moMonth-to-month
bothLow hidden fees

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

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