Thunder Funding

Growing factoring company with competitive rates for mid-volume carriers.

3.2/5134 reports

True Average Rate

3.8%

What you actually pay

Advertised Rate

1.5%-3.5%

What they tell you

Monthly Cost (est.)

$1,170.75

On $50K in invoices

Hidden Fee Score

5/10

Some hidden fees

Contract

6 months

Type

recourse

Termination

$300 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

Per invoice charge

$2.0085% of users report this

Funding Fees

ACH Transfer Fee

Standard ACH fee

$2.5082% of users report this

Monthly/Recurring Fees

Monthly Minimum Fee

Moderate monthly minimum

$7570% of users report this

Penalty & Exit Fees

Early Termination Fee

Standard termination fee

$30080% of users report this

Other Fees

Credit Check Fee

Per-broker credit check

$4.0068% of users report this

Reserve Hold

Moderate reserve hold

4%85% 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$721

Total monthly cost$1,171

Effective true rate6.5%

Red Flags

Advertised low rates only for carriers factoring $50K+/month
Rate increases without notice in some agreements
Auto-renewal clause can lock you in for another 6 months

3 cheaper options found

BasicBlock2.4%

Save ~$252/moMonth-to-month

bothLow hidden fees

Bobtail2.6%

Save ~$216/moMonth-to-month

non-recourseLow hidden fees

OTR Solutions3.2%

Save ~$108/moMonth-to-month

bothLow hidden fees

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

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