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OTR Solutions factoring: rates, fees and terms
Large factor offering recourse and non-recourse, instant funding around the clock, and a fuel card that lowers the factoring rate.
Ownership: Also the factoring partner behind TruckSmarter (trucksmarter.com sends carriers to OTR).
What sets it apart
Publishes its fuel-advance fees, which few do: $15 to an OTR Fuel Card and $24 by Comchek. Bundling the OTR Fuel Card takes up to 0.5% off the factoring rate, but the rate itself is not published. TruckSmarter users who click "factor" land here.
Published terms
| Rate | Rates vary by invoice volume and recourse choice; not published |
|---|---|
| Advance | Fuel advances up to 50% of the linehaul before delivery |
| Recourse | Both recourse and non-recourse |
| Contract | Contract lengths and requirements vary by program |
| Monthly minimum | No monthly volume minimums |
| Transfer fees | Advances to the OTR Fuel Card $15; via Comchek $24 |
| Other fees | Not stated on the pages we read |
| Funding speed | Truly Instant Funding in seconds after approval; same-day funding |
| Fuel | OTR Fuel Card: up to 0.5% off the factoring rate, average $0.50 per gallon saved (OTR claim) |
Ask before you sign
- The rate is quoted, so the 0.5% fuel-card discount has nothing published to discount from.
Pages we read
Factors change rates and terms. If this is out of date, tell us.