Why owner-operators choose OTR Solutions for freight factoring.
OTR Solutions offers True Non-Recourse Factoring with no chargebacks, even after 90 days. Unlike traditional recourse factoring, OTR takes on the risk of broker non-payment, helping owner-operators protect their cashflow and stay focused on the road.
With True Non-Recourse Factoring, OTR takes on the risk of broker non-payment, so you don't get stuck with chargebacks if an approved broker fails to pay.
Get funded to any bank account, 24/7/365, including nights, weekends, and bank holidays, so you can keep cashflow moving when you need it.
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How does freight factoring work for owner-operators?
For owner-operators, freight factoring turns unpaid freight invoices into immediate cashflow. After you haul a load for an approved broker, you upload your invoice, get funded, and OTR handles collecting payment from the broker.
Haul a load for an approved broker
Check the broker's credit through OTR's Broker Check tool, book your load, and complete the delivery.
Upload the invoice
Upload your invoice & other paperwork such as rate confirmation and proof of delivery through the OTR Client Portal or Mobile App.
Get funded
Once your paperwork is approved, OTR sends payment to your bank account. With Truly Instant Funding, funds can arrive in seconds to any bank account, 24/7/365.
OTR collects from the broker
OTR invoices the broker and handles payment collection, so you can focus on your next load instead of chasing unpaid invoices.
Real clients. Real reviews.
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Freight factoring built for owner-operators.
OTR Solutions combines fast freight factoring with tools and support designed for independent owner-operators, helping you manage cashflow, reduce risk, and spend less time on paperwork.
No chargebacks
We cover the broker risk, so you get paid no matter what — no loopholes, no compromise, no chargebacks.
Payment in seconds
Same-day processing and Truly Instant Funding means getting paid in hours, not days — even on bank holidays.
Real, human support
We offload the paperwork, so you can stay focused on the road ahead.
24/7 broker credit checks
Check broker credit any time and take the guesswork out of who you work with.
#1 rated mobile app
Submit invoices, check payment statuses, find the best fuel discounts, and so much more - anytime, anywhere.
Save on factoring & fuel
Bundle factoring with the OTR Fuel Card for at-pump savings and a lower factoring rate.
Flexible freight factoring for owner-operators.
Your factoring agreement should work for your business, not restrict it. OTR Solutions has no monthly minimums and gives owner-operators the flexibility to choose which invoices to factor. Get the cashflow you need without being required to factor every load.
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Dedicated support for owner-operators.
Running your own trucking business comes with enough challenges. OTR’s in-house team is here to help with factoring questions, invoices, broker payments, and more, so you can spend less time chasing paperwork and more time on the road.
Save on factoring and fuel.
Pair OTR’s True Non-Recourse Factoring with the OTR Fuel Card to save an average of $0.50 per gallon, unlock fuel credit eligibility, and lower your factoring rate by up to 0.5%. For owner-operators, that means saving on fuel while keeping more of every invoice you factor.
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Factoring and more.
OTR Solutions’ financial tools work together to help owner-operators, fleets, and freight brokers save money, manage cashflow, and stay ahead.
For Owner-Operators
Owner-Operators
Fast pay, fuel savings, and financial solutions built to keep you on the road and in the black.
For Fleets
Fleets
Flexible capital, fuel savings, and finance solutions designed to scale.
For Freight Brokers
Freight Brokers
Seamless payments and automation to keep freight moving and business running smoothly.
Got questions?
We’ve got answers.
Get answers to common questions about freight factoring for owner-operators, including funding, contracts, credit, non-recourse factoring, and choosing a factoring company.
Non-recourse factoring is a program in which a carrier sells an invoice to a factoring company in exchange at a slightly discounted rate. Instead of waiting up to 30, 60, or even 90 days for payment, carriers who factor with OTR are paid instantly after their submitted invoice is approved. Additionally, with non-recourse factoring, the factoring company assumes the risk of non-payment, not the carrier, providing a sense of peace of mind.
No. OTR Solutions gives owner-operators the flexibility to choose which eligible invoices they want to factor, so you’re not required to factor every load.
No, OTR Solutions does not require a minimum factor volume, making it perfect for owner-operators of any size.
While funding speed differs per provider, OTR Solutions pays carriers in seconds with Truly Instant Funding – 24/7 funding to any bank account without delays or cutoff times.
No, factoring is not a loan and does not impact your credit score, keeping your financial record clean.
Owner-operators should compare factoring companies based on recourse terms, funding speed, contract requirements, monthly minimums, broker credit tools, customer support, and additional fees. OTR Solutions offers True Non-Recourse Factoring, 24/7 instant funding, no monthly minimums, broker credit checks, and dedicated support for owner-operators.