Comparing Factoring Companies
Capital Depot encourages you to contact other factoring companies to compare their factoring services to ours. In fact, please use the chart below as a typical questionnaire when contacting them and see for yourself why so many trucking companies are becoming our clients.
Once again, thank you for taking the time to visit our website.
| Factoring Services | Capital Depot | Our Competitors |
| Sign Up Cost | $0.00 | $250-500 |
| Sign Up Time | Two Minutes | Several Days |
| Advance Rate | 100% | 80% - 91% |
| Reserve Rate | 0% | 20% - 9% |
| Funding Time | Same Day | Same Day - Few Days |
| Type of Factoring | Non Recourse | Recourse |
| Processing Fees | $0.00 | $1.00 per freight bill |
| Monthly Minimum | $0.00 | $7,000 - $15,000 |
| Fuel Cards Accepted | 10,000 Truck Stops | 5,000 Truck Stops |
| Online Broker Approvals | Over 100,000 loads approved daily | Less than 100,000 loads approved daily |
| Processing Invoices | Bookkeeping Services are Provided | No Bookkeeping Services are Provided |
| Long Term Contracts | No Long Term Contracts | Minimum 1 Year Factoring Contracts |
| Penalty to Stop Factoring | $0.00 | $1,000 - $30,000 |
| Forced Contract Renewal | Absolutely not | Yes & Penalty to Stop Factoring |
| Penalties to Stop Renewal | No forced renewal in our contracts | $1000 - $30,000 |
| Must factor all freight bills | Absolutely not | Yes |
It’s Easy to Get Cash for Your Invoices!
- 100% Advance, No Reserves
- Same Day Funding
- Flat Fees
- No Monthly Minimums
- No Long Term Contract
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Factoring FAQ: How & when do I pay for the UCC state filing fee? |
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