Freight Factoring Solutions | Invoice Factoring - OTR Solutions

Freight Factoring Solutions for carriers

For over a decade, OTR Solutions has provided top-notch freight factoring to tens of thousands of carriers. Our program features user-friendly technology, clear offerings, and exceptional customer service. Designed for all types of carriers, our solutions help you get the absolute most out of your authority.

Learn More

What Exactly Is Factoring? How Can It Help Me?

Factoring is the process of ‘selling’ your invoice to a 3rd party company (OTR Solutions) after you have delivered the freight to get immediate access to your income. To learn more about what factoring is and how it can help you, please visit our What Is Factoring webpage.

Body (1000 x 800 px) (3)

What Exactly Is Factoring? How Can It Help Me?

Factoring is the process of ‘selling’ your invoice to a 3rd party company (OTR Solutions) after you have delivered the freight to get immediate access to your earnings. To learn more about what factoring is and how it can help you, please visit our What Is Factoring webpage.

17[1]

Your Trucking Company Completes A Delivery As Scheduled

18[1]

Submit Your Unpaid Invoices To The Factoring Company

19[1]

The Factoring Company Pays You Within 24 Hours, Minus A Small fee

20[1]

The Factoring Company Handles Collection From The Broker

21[1]

The Broker Pays The Factoring Company In 60-90 Days

what factoring solution is right for you?

OTR Solutions offers different factoring program for various types of trucking authorities.

OTR Solutions offers different factoring program for various types of trucking authorities.

True Non-Recourse Factoring

Only OTR offers TRUE Non-Recourse factoring, and that’s why this program is the most popular and trusted factoring program for new, small, and medium sized carriers. Once you’ve successfully uploaded an invoice, you never have to think about that invoice again. Absolutely no chargebacks, and OTR Solutions handles and takes liability for ALL collections. This allows the carrier to finish one job and immediately start working on the next, focusing only on finding and delivering freight, and letting OTR take care of the rest.
Explore Non-Recourse Factoring

Fleet Factoring

Our fleet factoring program designed for carriers aiming to scale and grow, offers upfront payment solutions, comprehensive monitoring, and back-office support. With the OTR fleet factoring program, tailored for fleets or mid-size carriers needing flexibility, you get a scalable and adaptable service. Enjoy reliable and consistent cash flow with no credit or customer concentration restrictions and multiple TMS integrations, ensuring your business is protected through every delivery.
Explore Fleet Factoring

The OTR Factoring Difference

Untitled design (26)

OTR Solutions designs all factoring programs with one goal in mind: How can we give clients the best chance to succeed while making their day-to-day experience as simple as possible? Below are a few examples of how we do that.

"Transferred from another factoring company. The process was smooth and easy. Everyone I spoke to was very helpful. They all kept me updated on the progress of switching over to OTR. Would recommend them to anyone looking for a factoring company."
Subtitle (6)
Miguel C.
"I have been with OTR for 5 years now. Emory and his team are always on top of things and very helpful when I have questions. Would recommend them for your factoring needs as well as the many other services they offer."
Subtitle (6)
Jacob S.
"We've been using their services for almost 3 years now. Nothing but professional and perfect performance. I highly recommend them. Needless to say BEST FACTORING COMPANY."
Subtitle (6)
Rodney W.
"OTR has been a real game changer. Excellent customer service is where many businesses fall short these days but OTR has some of the best if not the best in the business. I highly recommend them to anyone who wants hassle free business with a company that has your back."
Subtitle (6)
Randy S.
"OTR has been nothing short of the best! As a satisfied customer of five years, we've experienced consistent top notch service! My team works hard to ensure that issues are minimal and that we get invoices paid on time and at a great rate! If you're looking for a factoring company that treats you like family, look no further than OTR Solutions!"
Subtitle (6)
Gregory M.
Untitled design (26)

The OTR Factoring Difference

OTR Solutions designs all factoring programs with one goal in mind: How can we give clients the best chance to succeed while making their day-to-day experience as simple as possible? Below are a few examples of how we do that.
"Transferred from another factoring company. The process was smooth and easy. Everyone I spoke to was very helpful. They all kept me updated on the progress of switching over to OTR. Would recommend them to anyone looking for a factoring company."
Subtitle (6)
Miguel C.
"I have been with OTR for 5 years now. Emory and his team are always on top of things and very helpful when I have questions. Would recommend them for your factoring needs as well as the many other services they offer."
Subtitle (6)
Jacob S.
"We've been using their services for almost 3 years now. Nothing but professional and perfect performance. I highly recommend them. Needless to say BEST FACTORING COMPANY."
Subtitle (6)
Rodney W.
"OTR has been a real game changer. Excellent customer service is where many businesses fall short these days but OTR has some of the best if not the best in the business. I highly recommend them to anyone who wants hassle free business with a company that has your back."
Subtitle (6)
Randy S.
"OTR has been nothing short of the best! As a satisfied customer of five years, we've experienced consistent top notch service! My team works hard to ensure that issues are minimal and that we get invoices paid on time and at a great rate! If you're looking for a factoring company that treats you like family, look no further than OTR Solutions!"
Subtitle (6)
Gregory M.
fuelcard mockup mobile app 1

Included Tools & Technology

fuelcard mockup mobile app 1

We often hear our clients say, “when you search for the lowest factoring rate, that’s all you’re going to get” – meaning you could be missing out on additional tools that could be the difference between success and failure for your operation. OTR’s Product and Development team have created solutions all included within your factoring program, such as:


Interested in exploring all of our tools? Click Here to learn more.

Bundle & Save on factoring

Untitled design (30)

Unlock discounted factoring rates when you sign up for the OTR Fuel Card.

Access the industry’s best savings of:

  • $0.51 average savings per gallon
  • Savings up to $1.88 per gallon during fill ups
  • $0 in-network transaction fees at 2,000+ locations
  • Average carrier savings of $600 per month, per truck
Learn More About the OTR Fuel Card
Untitled design (30)

Freight & Transportation Factoring Unlike Any Other

Experience the OTR Solutions difference with true benefits for carriers nationwide.

OTR Solutions Other Factoring Providers
Minimized Risk
✓
X
Lowest Fees
✓
X
24/7 Back-Office Support
✓
X
Access to Innovative Tools
✓
X
Fuel Advances
✓
X
Lumper Advances
✓
X
Powerful Partnerships
✓
X

Freight & Transportation Factoring Unlike Any Other

Experience the OTR Solutions difference with true benefits for carriers nationwide.
Comparable Table Email (18)

FAQs

What is freight factoring?

Freight factoring is when a factoring company purchases your invoice in exchange for quicker payment, typically at a discount. To learn more about freight factoring, check out our What Is Factoring webpage.

What is the difference between Non-Recourse and Recourse factoring?

True Non-Recourse factoring let’s the carrier transfer all of the risk and responsibilities of collections to the factoring company once the invoice is submitted, approved, and the payment is issued. Traditional factoring, often referred to as recourse factoring, lets the carrier get instant access to their earnings, but the responsibility to collect payment from the customer still lies with the carrier.

Am I eligible for freight factoring?

All trucking authorities may be eligible for factoring with OTR Solutions. Give our team a call to see if your authority qualifies!

Is there a minimum required to factor my invoices?

No. OTR Solutions does not require you to factor a certain number of invoices per month. You can factor as many or as few as you would like. However, other factoring companies may have minimums.

Pick the factoring program right for you.

Explore Programs