TBS Factoring Review 2026: Rates & Honest Verdict

This review is part of our 2026 ranking of freight factoring companies. We only take commission from one company on this list — and it is not TBS. We disclose this upfront so you can read what follows with that context. How we rank →

TBS Factoring Review 2026: Rates, Love’s Acquisition, Pros & Cons

Our Rating: 2.0/5 | Updated April 2026 | Based on the FreightFactoringUSA methodology: verified public reviews, hands-on rate validation, and direct conversations with carriers.

TBS Factoring Service has been in the freight factoring business since 1968, making it one of the oldest factoring companies in the trucking industry. Based in Oklahoma City, TBS has long been known for its partnership with OOIDA (Owner-Operator Independent Drivers Association) and its focus on owner-operators and small fleets.

In December 2025, Love’s Travel Stops acquired TBS Factoring along with two other factoring companies, bringing roughly 3,400 new customers into the Love’s Financial ecosystem. This acquisition gives TBS carriers access to Love’s truck stop network perks, including fuel discounts and the Love’s Express Billing card program.

We reviewed TBS’s rates, contract terms, customer feedback, and how the Love’s acquisition changes the value proposition. Here’s the full breakdown.

Quick Summary

TBS Factoring Rates and Fees Explained

TBS uses a different rate structure than most factoring companies. Instead of charging a flat percentage per invoice, TBS charges a weekly rate — starting at 1.25% per week the invoice remains unpaid. This means your effective rate depends on how quickly the broker pays.

In practice, most invoices are paid within 30-45 days, which translates to roughly:

• If broker pays in 2 weeks: ~2.5% total cost
• If broker pays in 30 days: ~5% total cost
• If broker pays in 45 days: ~7.5% total cost

This weekly structure can work in your favor if you factor invoices from fast-paying brokers, but it can also get expensive quickly if a broker takes 45+ days to pay. With a flat-rate company like RTS Financial (2-5%), you know your cost upfront regardless of how long the broker takes.

Additional fees to watch for:

• No signup fee: TBS doesn’t charge to open an account
• No cancellation fee: You can leave without a penalty
• FedEx shipping: $17 if you need documents shipped
• Fuel card transactions: $1.50-$2.50 per transaction
• No ACH fee: Standard transfers are free

Use our Factoring Savings Calculator to compare TBS’s weekly-rate structure against flat-rate competitors and see which costs less for your specific situation.

Advance Rates

TBS offers up to 95% advance on standard recourse accounts, and up to 100% advance on non-recourse accounts — meaning no reserve is held back. The 100% advance on non-recourse is unique in the industry and eliminates the cash flow gap most carriers deal with while waiting for reserves to be released.

TBS also offers fuel advances of 40-50% of the load rate, funded within four hours after cargo is loaded and paperwork is submitted. This helps carriers cover fuel costs before the full invoice is processed.

The Love’s Acquisition — What It Means for Carriers

Love’s Travel Stops acquiring TBS in December 2025 is the biggest change to this company in years. Here’s what it means practically:

• Fuel discounts at Love’s: TBS carriers now get access to discounted fuel at Love’s 600+ travel stops nationwide
• Love’s Express Billing: A no-fee credit line for fuel purchases at Love’s locations
• Truck Care discounts: Savings on maintenance and repairs at Love’s Truck Care locations
• Financial backing: Love’s is a $40B+ private company — TBS now has serious financial stability behind it

The Love’s network integration is the strongest argument for choosing TBS in 2026. If you already fuel primarily at Love’s, the combined factoring + fuel savings could be significant. However, if you prefer Pilot Flying J or independent truck stops, this advantage doesn’t apply — and RTS Financial’s fuel card with $0.25/gallon at 2,000+ stations including Pilot/Flying J may be a better fit.

OOIDA Partnership

TBS has a long-standing partnership with the Owner-Operator Independent Drivers Association (OOIDA). OOIDA members get:

• Preferential rates on factoring services
• Bundled membership benefits (insurance discounts, legal resources, advocacy)
• Dedicated support through the OOIDA partnership channel

If you’re already an OOIDA member, TBS’s bundled offering provides genuine value beyond just factoring. If you’re not an OOIDA member, this partnership doesn’t add much — and you may find better standalone factoring from RTS Financial or OTR Solutions.

Customer Service and Reviews

TBS has mixed reviews across platforms:

The Trustpilot score of 4.3/5 is the highest among the six factoring companies we review, which is a genuine positive. Positive reviews tend to highlight friendly staff and straightforward onboarding. However, the BBB complaints reveal some recurring issues:

• Unclear deductions: Carriers report charges on their statements they didn’t expect or understand
• Payment delays: Some carriers report 3-4 day delays on wire transfers with no explanation
• Funding speed inconsistency: While TBS advertises same-day funding, some carriers report 24-48 hour waits
• Lien disputes: Some complaints about UCC liens not being released promptly after leaving

The Love’s acquisition may improve these issues as Love’s brings more resources and infrastructure to TBS’s operations, but it’s too early to confirm (the acquisition closed in December 2025).

Technology

TBS’s technology offering is basic compared to top-tier competitors:

• Online portal: Submit invoices and track payments
• Mobile access: Limited mobile functionality
• No dedicated app: TBS doesn’t offer a standalone mobile app like RTS Financial’s RTS Pro
• No instant broker credit checks: You can’t verify broker creditworthiness on the fly

If technology and a polished mobile experience matter to you, TBS falls behind RTS Financial and OTR Solutions in this category.

Non-Recourse Protection

TBS offers both recourse and non-recourse factoring. The non-recourse option is notable because it comes with a 100% advance rate — meaning no reserve is held back. If a broker goes insolvent, TBS absorbs the loss.

However, like all non-recourse protection, it only covers broker insolvency — not disputes, short-pays, or slow-pays. Read more about the difference in our guide on recourse vs. non-recourse factoring.

What We Like About TBS Factoring

• No contract, no termination fee: You can leave anytime without penalty — rare in the industry
• Love’s fuel network: Fuel discounts at 600+ Love’s Travel Stops nationwide
• 100% advance on non-recourse: No reserve held back on non-recourse accounts
• OOIDA partnership: Bundled benefits for OOIDA members
• Trustpilot score of 4.3/5: Highest among the companies we review
• No signup fees: Free to open an account
• Industry veteran: In business since 1968

What Could Be Better

• Weekly rate structure: The 1.25%/week model can get expensive if brokers pay slowly
• Funding speed: Inconsistent — advertised as same-day but can take 24-48 hours
• Basic technology: No dedicated mobile app, no instant broker credit checks
• Unclear deductions: BBB complaints about unexpected charges
• Lower advance on recourse: 95% vs. 97% at RTS Financial
• Love’s acquisition uncertainty: Still early — unclear how integration will affect service
• Fuel card transaction fees: $1.50-$2.50 per transaction adds up

Who Is TBS Factoring Best For?

TBS factoring is a good fit for:

• OOIDA members who want bundled factoring + membership benefits
• Carriers who fuel primarily at Love’s and want to maximize fuel savings in the Love’s network
• Truckers who want no-contract flexibility — you can try TBS risk-free and leave if it’s not right
• Carriers who factor fast-paying brokers — the weekly rate structure rewards quick payments

Consider alternatives if:

• You factor invoices from slow-paying brokers — the weekly rate can exceed 5-7%
• You want a polished mobile app — RTS Financial has the best app in the industry
• You fuel at Pilot/Flying J — RTS Financial’s fuel card network is a better match
• You want the highest advance rate on recourse — RTS offers 97% vs TBS’s 95%

TBS vs Competitors

See our complete freight factoring company comparison for more details.

How to Get Started with TBS Factoring

1. Visit tbsfactoring.com: Fill out the online application or call their team
2. Provide your documents: MC number, insurance certificate, and recent invoices
3. Choose your plan: Recourse (95% advance) or non-recourse (100% advance)
4. Get approved: Most carriers are approved within 24-48 hours
5. Start factoring: Submit your first invoice and receive funding

Frequently Asked Questions

What are TBS Factoring’s rates?

TBS charges a weekly rate starting at 1.25% per week the invoice remains unpaid. If a broker pays in 2 weeks, your total cost is roughly 2.5%. If it takes 30 days, your cost is approximately 5%. This weekly structure differs from the flat-rate model used by most competitors.

Does TBS require a contract?

No. TBS does not require a long-term contract and charges no termination fee. You can cancel at any time, which makes it a low-risk option to try.

Is TBS good for owner-operators?

TBS can be a good option for OOIDA-member owner-operators who want bundled membership benefits and Love’s fuel savings. For owner-operators not affiliated with OOIDA, RTS Financial or Bobtail offer more competitive standalone packages.

What happened with the Love’s acquisition?

Love’s Travel Stops acquired TBS Factoring in December 2025. TBS carriers now have access to fuel discounts at Love’s 600+ travel stops, the Love’s Express Billing card, and Truck Care maintenance discounts. TBS continues to operate under its own brand.

How fast does TBS fund invoices?

TBS advertises same-day to next-day funding. In practice, some carriers report receiving funds within hours, while others experience 24-48 hour delays. Fuel advances of 40-50% are typically funded within 4 hours of loading.

Does TBS offer non-recourse factoring?

Yes. TBS offers non-recourse factoring with up to 100% advance — meaning no reserve is held back. Non-recourse covers broker insolvency but not disputes or short-pays.

The Bottom Line

TBS Factoring scores 2.0 out of 5 in our 2026 ranking. The no-contract flexibility, Love’s fuel network integration, OOIDA partnership, and 100% non-recourse advance are genuine strengths. The weekly rate structure is a double-edged sword — great if your brokers pay fast, expensive if they don’t.

For OOIDA members who fuel at Love’s, TBS makes sense. For everyone else, RTS Financial offers a more complete package with better technology, a flat-rate structure, and the industry’s largest broker credit database.

Run your own numbers with our freight factoring calculator and compare TBS against the competition.

FreightFactoringUSA may earn a commission if you sign up with one of the companies we mention. This never influences our rankings — our scores are based on driver feedback, rate validation, and direct conversations with carriers.

Compare TBS to Other Top Companies

TBS scored 2.0/5 in our 2026 ranking. Here’s how the other companies we reviewed compare:

• RTS Financial Review — our #1 pick. Best all-around option for most carriers.
• eCapital Review — strong tech platform, but rigid multi-year contracts.
• OTR Solutions Review — flexible contracts and free non-recourse.
• Triumph Review — large-fleet scale, but long contracts and low reviews.
• Bobtail Review — no contract, fast onboarding.
• TAFS Review — reserve holds and hidden fees dropped it in our ranking.

See our full 2026 ranking of the 6 best freight factoring companies — side-by-side rate comparisons, scores, and honest carrier feedback.

Related reading: Top 6 factoring companies compared · RTS Financial review · Freight factoring calculator · Freight factoring for small fleets · Contract red flags