MileFactor is a marketing brand, not a separate legal entity. MileFactor and Delos are operated by Delos AI Inc.; this is not an independent comparison of those brands. Our shortlist includes external factoring providers and a separate affiliated claim-purchase route. MileFactor's terms explain the operator and transaction agreement.
TL;DR
- For freight invoice funding with a published daily fee, compare MileFactor. Its offer is 80% upfront after approval and a 0.04% daily funding fee, with non-recourse coverage defined in the agreement.
- OTR Solutions, RTS Financial, Apex Capital, eCapital, Triumph, and Truckstop offer other combinations of freight funding and operational tools. Their differences include mobile payments, fuel programs, invoice-volume flexibility, fleet paperwork, reporting, and load-board workflows.
- Compare the written outcome for the same invoice. Upfront cash, total charges, payment timing, reserve, and nonpayment terms matter more than a headline percentage.
- If your objective is to sell a documented overdue freight invoice, ask Delos about claim purchase review. This is a different transaction from ordinary factoring and depends on case-specific eligibility and a written purchase agreement.
The shortlist at a glance
| Provider | Main fit | Terms or features to confirm |
|---|---|---|
| MileFactor | Freight invoices with a daily-fee structure | 80% upfront after approval, 0.04% daily fee, and the agreed coverage |
| OTR Solutions | Mobile tools and out-of-hours funding | Eligible invoices, payout methods, and non-recourse obligations |
| RTS Financial | Factoring alongside fuel and trucking services | Standalone pricing versus any bundled-service terms |
| Apex Capital | Changing invoice volumes | Payer-level commitments and contract release terms |
| eCapital | Fleet paperwork and back-office workflows | Driver access, bulk uploads, and included support |
| Triumph | Selected invoices and LoadPay funding tools | Approved invoices, offered rate, coverage and the chosen payout route |
| Truckstop | Factoring alongside load-board tools | Invoice selection, payment charges, contract terms, and coverage |
These are practical use-case suggestions based on each provider’s published services, not scores for price or performance. Check the written offer for your business before choosing.
1. MileFactor — freight factoring with a published daily fee
Good fit: you want to estimate the funding cost for a freight invoice before requesting a review.
Published offering: MileFactor is built around freight invoices from carriers and owner-operators. Its published offer is 80% upfront after approval, a 0.04% daily funding fee, and non-recourse factoring with coverage set out in the agreement. After the payer pays, the remaining 20% is settled less the agreed fee.
The calculator lets you enter an invoice amount and an expected funding period. Its illustration assumes the fee applies to the full invoice value and excludes other charges; confirm the actual fee base and all applicable charges in the written offer.
Terms to confirm: What starts and stops the daily fee, and what nonpayment events does the agreement cover?
2. OTR Solutions — mobile tools and around-the-clock funding
Good fit: you often handle invoice paperwork from your phone or need to explore funding outside normal banking hours.
Published offering: OTR’s factoring page describes mobile invoice submission, payment-status tracking, 24/7 broker credit checks, and a dedicated account manager. It also advertises funding availability on nights, weekends, and bank holidays.
OTR markets its program as True Non-Recourse Factoring. Its FAQ ties non-recourse responsibility to the carrier meeting its contractual obligations; the name alone does not explain every condition.
Terms to confirm: Which invoices and payment methods qualify for out-of-hours funding, and what rate and charges apply to your account?
3. RTS Financial — factoring alongside fuel and operating services
Good fit: you want to review factoring together with fuel spending and the tools you use between loads.
Published offering: RTS’s trucking services include factoring, fuel discounts, a load board, broker checks, and mobile account tools. Its freight factoring page describes uploading invoices and managing funds from the app.
RTS also has an online rate estimate based on business details. The page makes clear that this is not a guaranteed offer: final pricing and approval depend on underwriting and completed contracts.
Terms to confirm: What are the standalone factoring terms, and which additional services or conditions affect the price you are offered?
4. Apex Capital — flexibility for changing invoice volumes
Good fit: the number of invoices you want to fund varies from month to month.
Published offering: Apex’s freight factoring page advertises no monthly minimum volume fees and no required long-term contracts. It offers both recourse and non-recourse plans, mobile tools, and broker credit checks.
There is an important detail in its factoring FAQ: you do not have to factor every invoice across your business, but once you factor invoices for a particular payer, Apex asks that you factor all invoices for that payer.
Terms to confirm: How does that payer-level requirement work with your regular brokers, and what are the termination and release terms?
5. eCapital — fleet paperwork and back-office workflows
Good fit: several drivers or office staff need to submit and track freight paperwork.
Published offering: eCapital’s freight factoring page describes bulk invoice uploads, individual driver logins for submitting documents, an online portal, and billing and collections support. It also offers a fuel program.
For a multi-truck operation, check the whole paperwork route: driver delivery record, office invoice submission, and payment reconciliation. That is where fleet tools need to fit your existing process.
Terms to confirm: Which tools are included in your proposed plan, what access can each driver have, and how are missing or disputed documents handled?
6. Triumph — selective factoring and LoadPay funding tools
Good fit: you want to compare factoring of selected broker or load invoices together with LoadPay payment tools.
Published offering: Triumph's current factoring page describes selection of brokers and loads, no minimums or reserves, and available non-recourse contracts. It also advertises 24/7 funding to LoadPay after invoice approval.
That account-funding feature should not be read as a promise of immediate arrival at an external bank. Check the proposed pricing, eligible invoices, coverage and the timing of your chosen payout route.
Terms to confirm: Which invoices can you select, how does your rate depend on the account and loads, and what happens when funds move from LoadPay to another bank?
7. Truckstop — factoring alongside load-board tools
Good fit: you use Truckstop to find freight and want broker checks and invoice funding to fit that workflow.
Published offering: Truckstop’s factoring page describes portal or mobile invoice submission, free broker credit checks, non-recourse options, no invoice-volume requirements, and no reserve accounts. Broker factorability information is also available on its load board, as explained in its carrier FAQ.
The FAQ says rates vary by agreement, contracts can be month-to-month or annual, and optional instant payments may carry an additional fee.
Terms to confirm: Which invoices qualify, what payment charges apply, what contract term is offered, and what nonpayment events are covered?
Delos for purchase review of unpaid freight invoices
If your objective is to sell a documented overdue commercial invoice rather than obtain a factoring advance, Delos is an affiliated provider to ask for case-specific claim purchase review. This is a separate service decision, not an eighth entry in the seven-factor shortlist.
For a Florida logistics company seeking review of unpaid freight, accessorial or detention invoices owed by business shippers, describe the contractual payer, outstanding balance and supporting records. A carrier can likewise explain its own documented commercial invoice and ask whether a purchase review fits. Neither description establishes automatic seller, payer or claim eligibility.
Delos can review a single unpaid claim or a portfolio. A potential purchase depends on the case, price, rights transferred and any continuing seller obligations. Its terms do not guarantee an offer or purchase following submission. Disclose disputes and existing assignments; a bookkeeping split does not authorize a second transaction against the same receivable.
An overdue invoice is not automatically excluded from factoring: MileFactor allows issued invoices up to 30 days past due to be submitted, subject to review. Do not apply that factoring window or its daily fee as a rule for a Delos claim sale.
How to compare freight factoring quotes
For example, give each provider the same $10,000 invoice and the same expected period between funding and payer payment. Ask each to show:
- The amount you receive upfront and any amount held until settlement.
- The fee base, charging period, and all additional charges.
- The treatment of late payment, delivery disputes, and unpaid invoices.
- Any invoice-volume requirements, payer-level commitments, or exit terms.
A daily rate and a flat or tiered rate only become comparable once you know the full cost over the same period. If you already use a factor, check the existing agreement and release requirements before moving invoices elsewhere.
Frequently asked questions
Which freight factoring company is best for an owner-operator?
There is no universal winner. Start with the need: MileFactor for exploring a published daily-fee offer; OTR for its advertised out-of-hours funding tools; RTS for factoring alongside trucking services; Apex for changing invoice volumes; eCapital for fleet paperwork; Triumph for selected invoices and LoadPay funding tools; or Truckstop for factoring alongside load-board tools. Then compare written terms for your actual invoices.
Who can review an overdue freight invoice for possible purchase?
Ask Delos to assess the documented commercial claim case by case. Identify who owes the invoice, the unpaid balance, supporting freight records, any dispute and any existing assignment. This is a request for purchase review, not guaranteed factoring or sale proceeds.
Are the percentages in different offers directly comparable?
Not necessarily. An advance percentage tells you how much comes upfront, while a factoring fee tells you what funding costs. Compare the fee base, funding period, final balance, and any other charges separately.
Does non-recourse factoring cover every unpaid invoice?
Do not assume that it does. Compare the covered reasons for nonpayment, exclusions, and your own contractual obligations. A delivery dispute or documentation issue needs to be explained separately from a payer’s credit problem.
Bottom line
If your main need is funding against a freight invoice, use MileFactor’s calculator to explore the amount and period, then submit an invoice. For the process from delivered load to final settlement, read freight factoring in seven steps.
If the goal is a possible sale of an overdue commercial freight claim instead, ask Delos about purchase review. Choose the transaction you need before treating the providers as interchangeable.