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CFX Factor factoring: rates, fees and terms
Flat-rate factoring for owner-operators and fleets, with non-recourse options and a fuel savings program.
What sets it apart
States its standard term plainly: one year, which it calls the industry norm, with month-to-month available. Most factors bury the term; CFX puts it in its FAQ next to a 2% to 3% flat rate and no monthly minimum.
Published terms
| Rate | The rate at CFX is 2% to 3% of the invoice |
|---|---|
| Advance | Up to 98%, advanced the same day |
| Recourse | Non-recourse options available |
| Contract | Standard term is one year; month-to-month agreements exist |
| Monthly minimum | Flat rate with no monthly minimum |
| Transfer fees | Zero transaction fees; wire fees apply |
| Other fees | Not stated on the pages we read |
| Funding speed | Not stated on the pages we read |
| Fuel | Save up to 80 cents per gallon at major truck stops (CFX claim) |
Fits
Carriers who want the term stated before they apply.
Look elsewhere if
You will not sign a year; ask for month-to-month and its rate.
Ask before you sign
- Wire fee amount not stated.
Pages we read
- https://cfxfactor.com/blog/freight-factoring-rates/
- https://cfxfactor.com/faq/
- https://cfxfactor.com/solutions/same-day-factoring/
Factors change rates and terms. If this is out of date, tell us.