The industry's only True Non-Recourse factor.
Only OTR offers True Non-Recourse factoring with no chargebacks, even after 90 days. Where others claim to offer non-recourse, OTR takes on the risk, so you can focus on the road - not unpaid invoices.
You handle the road. We'll handle the rest.
Factoring that never stops. Funds whenever you need them.
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Real carriers. Real reviews.
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The tools your operation needs to thrive.
No chargebacks
We cover the non-payment risk, so you get paid no matter what. Proven to keep carriers in business longer than any other factor.
Payment in seconds
Truly Instant Funding gives carriers the ability to unlock full financial freedom with quick invoice approvals and instant payouts to any bank account - even on bank holidays.
Real, human support
Say goodbye to voicemails and feedback loops. Every OTR client has a dedicated, in-house account manager who knows your business as well as you do.
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.
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The future of factoring: Truly Instant Funding.
OTR Solutions sets the standard for funding speed with Truly Instant Funding. It provides carriers with the same True Non-Recourse Factoring experience but faster. No cutoff times. No delays. Just reliable cashflow when you need it most – even on bank holidays.
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More than just factoring.
OTR Solutions’ financial platform helps carriers, fleets, and brokers stay on top of cashflow, fuel costs, and financial management. We’ve got you covered with an easy-to-use mobile app and client portal, plus tools for banking, factoring, and back-office automation.
Factoring and more.
OTR Solutions’ connected financial ecosystem helps trucking businesses of all sizes manage money smarter and grow with confidence.
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.
Find out everything you need to know about True Non-Recourse Factoring with OTR Solutions.
Recourse and non-recourse factoring refer to who is liable if the factoring company cannot collect payment on the factored invoice after a certain period of time. Under a recourse program, the carrier is ultimately liable to repurchase the invoice if the factor cannot collect payment after a certain period of time. Under a non-recourse program, the factoring company is responsible and is liable for any defaults of payment from the broker, assuming the carrier met all of the obligations of their contract.
The best factoring company is the one that puts your needs first. Look for a partner with fast, reliable payments, transparent pricing, and real human support. OTR Solutions offers True Non-Recourse Factoring, same-day funding (even on bank holidays), and a dedicated team that knows freight. Whether you're just getting started or scaling your operation, we’re built to keep your business moving forward.
Depending on the factor and program type, funding rates can be anywhere between 90% and 99% of the invoice amount. This is determined by your individual contract terms. Be sure to know exactly what your factoring rate is, any additional fees, or extra stipulations that may incur additional charges. The lowest rate is not usually the best, especially when you take into account hidden fees, terms affecting non-payment liability, and ability to receive customer support as you run your business.
Factoring companies generally offer either a flat factoring rate or a tiered rate. Flat factoring rates charge the same percentage on each invoice factored, regardless of how long it takes the broker to pay. Tiered rate programs increase the fee depending on the time it takes for a broker to pay, usually in 15-day increments.
Quick pay is an expedited funding option offered by some brokers, each with their own terms and rates. As you diversify your business and utilize multiple brokers, the management of all the different contracts, terms, and paperwork grows exponentially. The benefit of factoring is that you have an organized and centralized source for all back-office-related needs. Factoring companies handle the back-office burden while you focus on running your business.
Got questions?
We’ve got answers.
Find out everything you need to know about non-recourse factoring, from what it is to how programs differ per provider.
Though ‘non-recourse’ means that the factoring company is responsible for the risk of non-paying customers, other factors will often charge carriers back if an invoice goes unpaid. OTR Solutions is the only provider in the industry to offer True Non-Recourse Factoring, meaning once our carriers are paid, they stay paid – even if the broker defaults on payment or goes out of business.
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.
Quick pay terms vary by broker and lack the transparency that OTR Solutions’ True Non-Recourse Factoring provides. For the most financial protection and quickest funding speed, carriers choose non-recourse factoring over quick pay.
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.