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Freight factoring fee calculator

Factoring gets you paid fast, at a price. See what you get today, what the fees cost per year, and the effective annual rate. Free, no sign-up.

The gray numbers are only examples. Use your own.
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How freight factoring works

You sell your invoice to a factoring company. They advance most of it now (the advance rate), collect from the broker, then send you the rest minus their fee. Some charge a flat fee; others add more for each extra 10 or 30 days.

Is factoring worth it?

It can be, if fast cash keeps the truck moving. But a 3% fee on 30-day money works out to a very high yearly rate. Compare against waiting on quick-pay options, a line of credit, or keeping a cash cushion. Watch for recourse terms, minimums and extra fees in the contract.

Questions

What is a normal factoring fee?

Many trucking factoring companies charge roughly 1 to 5 percent per invoice, depending on volume, recourse terms and how fast brokers pay.

What's recourse vs. non-recourse factoring?

With recourse, you owe the money back if the broker doesn't pay. Non-recourse shifts some of that risk to the factor, usually for a higher fee and only in certain cases.

Can I factor only some loads?

Some factoring companies allow spot factoring; others require you to factor all invoices. Read the contract.

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