Freight Factoring for Owner-Operators

Owner-operator factoring is priced like small-fleet factoring but experienced very differently. Around 8 to 12 loads a month, fixed fees dominate percentage fees.

What actually matters at one truck

• No monthly minimum. The single highest-impact term. A minimum you miss in a slow month can exceed the factoring cost itself.
• Per-transfer fees. At 10 invoices a month, a per-transfer wire fee is a real percentage of your margin.
• Fuel card value. Discounts on a bundled fuel card frequently exceed the difference between two factors' rates. Price the whole package.
• Same-day funding, and whether it costs extra. Advertised speed is sometimes a surcharge.
• Broker credit checks. One unpaid load can wipe out a quarter of factoring savings.

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Fuel advances

A fuel advance pays you part of the load value before delivery, for a fee. It solves a genuine problem — fuel before you are paid — at a cost that is high when annualised. Use it as an occasional tool, not a standing habit; if you need one on most loads, the underlying issue is working capital, not payment timing.

The three expensive mistakes

1. Signing a 12-month agreement to get a headline rate. The rate is worth less than the flexibility at this scale.
2. Not reading the termination notice window. Miss a 60-day window and the agreement renews for a full term.
3. Comparing rate only. Model a full month including minimums, transfer fees and fuel card value.

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