The Truth About Factoring Contracts
Too many carriers get trapped in factoring agreements filled with hidden fees and predatory terms. We’re calling out these industry practices because we believe trucking professionals deserve better.
Triumph vs. the Competition
| What to Watch For | Other Factoring Companies | Triumph |
|---|---|---|
| Minimum Invoice Requirements | High monthly invoice minimums with penalties when you don’t meet them | No minimum invoice requirements – factor what you want, when you want |
| Fuel Card Rate Increases | “Low fuel usage” penalties when using their required fuel cards | Optional fuel card with consistent rates regardless of usage |
| Introductory Rate Bait & Switch | Advertised low rates that jump after 30-90 days | One consistent rate with no surprise increases – what you see is what you pay |
| Hidden Transaction Fees | Processing fees, ACH fees, wire fees, and per-invoice charges buried in fine print | All fees clearly disclosed upfront with no hidden charges |
| Reserve Account Charges | “Reserve management” fees that quietly drain your reserves | No fees to access your reserves, with clear timelines for release |
Let's Do the Math on Your Contract
Our team is ready to review your current factoring agreement and show you exactly how much more you could keep with Triumph.
Know What to Look For
Watch for contracts that require a high minimum volume of invoices each month with steep penalties when business slows down.
Minimum Invoice Traps
Watch for contracts that require a high minimum volume of invoices each month with steep penalties when business slows down.
Transparent Pricing
From day one, you'll know exactly what our factoring will cost because our fees are truly transparent. No hidden charges, no surprises.
Liens on Your Business
Before filling out an application know when a UCC will be filed. Triumph will never file a UCC until you have signed a contract.
Don't Just Take Our Word For It
"The funding and approval processes are fast, easy and flexible. From day one, we have always known exactly how much the factoring will cost because their fees are really transparent. Also, we have full control over our invoices which allows us to monitor when invoices are going to be paid to our business partners and when we should expect payment from our customers."
Irena Kraljevska, A2B Cargo Logistics Inc.
Why Owner-Operators Choose Triumph
Get StartedSame-day funding options
Dedicated account executives who know your business
User-friendly online portal and mobile app
A transparent partner who understands the trucking industry