5 Common Misconceptions About Factoring (Debunked!)

Hispanic man at a diner with a folder, coffee and a donut on the table showing his phone to a second unseen person across the table.

For owner-operators and small fleet trucking companies navigating the challenges of cash flow management, freight factoring has emerged as a vital financial solution. However, despite its growing popularity in the transportation industry, many misconceptions continue to surround this financial service. In this comprehensive guide, we’ll tackle the five most common misconceptions about freight factoring and […]

Triumph Financial Services Score Details

% Allocation to Score
7.4%10%Public Reviews Overall Score
9.9%15%Public Reviews % 5 Star Ratings
10.4%15%Public Reviews % 1 Star Ratings
4.3%5%Better Business Bureau Grade
9.5%10%Number of BBB Complaints Closed in the Last 12 Months
9.5%10%Number of BBB Complaints in the Last 3 Years
4.5%10%Assistance Availability
6.8%15%Contract length & flexibility
7.5%10%Other benefits/offerings
69.9%100.0%Total Score

Thunder Funding Score Details

% Allocation to Score
9.0%10%Public Reviews Overall Score
11.7%15%Public Reviews % 5 Star Ratings
13.7%15%Public Reviews % 1 Star Ratings
5.0%5%Better Business Bureau Grade
9.7%10%Number of BBB Complaints Closed in the Last 12 Months
9.7%10%Number of BBB Complaints in the Last 3 Years
6.8%10%Assistance Availability
12.5%15%Contract length & flexibility
7.1%10%Other benefits/offerings
85.1%100.0%Total Score

RTS Financial Score Details

% Allocation to Score
8.8%10%Public Reviews Overall Score
12.5%15%Public Reviews % 5 Star Ratings
12.9%15%Public Reviews % 1 Star Ratings
5.0%5%Better Business Bureau Grade
0.0%10%Number of BBB Complaints Closed in the Last 12 Months
0.0%10%Number of BBB Complaints in the Last 3 Years
3.4%10%Assistance Availability
6.8%15%Contract length & flexibility
9.2%10%Other benefits/offerings
58.6%100.0%Total Score

Porter Freight Funding Score Details

% Allocation to Score
9.4%10%Public Reviews Overall Score
13.4%15%Public Reviews % 5 Star Ratings
14.1%15%Public Reviews % 1 Star Ratings
5.0%5%Better Business Bureau Grade
10.0%10%Number of BBB Complaints Closed in the Last 12 Months
10.0%10%Number of BBB Complaints in the Last 3 Years
4.8%10%Assistance Availability
12.5%15%Contract length & flexibility
7.9%10%Other benefits/offerings
87.1%100.0%Total Score

OTR Solutions Score Details

% Allocation to Score
9.2%10%Public Reviews Overall Score
12.6%15%Public Reviews % 5 Star Ratings
13.8%15%Public Reviews % 1 Star Ratings
4.3%5%Better Business Bureau Grade
7.9%10%Number of BBB Complaints Closed in the Last 12 Months
5.8%10%Number of BBB Complaints in the Last 3 Years
3.1%10%Assistance Availability
4.4%15%Contract length & flexibility
8.8%10%Other benefits/offerings
70.0%100.0%Total Score

eCapital Freight Factoring Corp Score Details

% Allocation to Score
9.2%10%Public Reviews Overall Score
13.2%15%Public Reviews % 5 Star Ratings
13.8%15%Public Reviews % 1 Star Ratings
4.0%5%Better Business Bureau Grade
6.2%10%Number of BBB Complaints Closed in the Last 12 Months
4.3%10%Number of BBB Complaints in the Last 3 Years
4.3%10%Assistance Availability
6.8%15%Contract length & flexibility
9.2%10%Other benefits/offerings
71.0%100.0%Total Score

Riviera Finance Score Details

% Allocation to Score
9.7%10%Public Reviews Overall Score
14.2%15%Public Reviews % 5 Star Ratings
14.6%15%Public Reviews % 1 Star Ratings
5.0%5%Better Business Bureau Grade
10.0%10%Number of BBB Complaints Closed in the Last 12 Months
10.0%10%Number of BBB Complaints in the Last 3 Years
7.7%10%Assistance Availability
13.1%15%Contract length & flexibility
4.6%10%Other benefits/offerings
88.9%100.0%Total Score

Apex Capital Corp Score Details

% Allocation to Score
9.4%10%Public Reviews Overall Score
13.4%15%Public Reviews % 5 Star Ratings
14.2%15%Public Reviews % 1 Star Ratings
5.0%5%Better Business Bureau Grade
9.2%10%Number of BBB Complaints Closed in the Last 12 Months
9.4%10%Number of BBB Complaints in the Last 3 Years
6.3%10%Assistance Availability
12.5%15%Contract length & flexibility
9.2%10%Other benefits/offerings
88.5%100.0%Total Score