Rate Range
2-5%
Advance Rate
90-95%
Contract
12-24 month contracts standard
Founded
1996
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Our Review
Crestmark (now part of MetaBank/Pathward) combines banking services with factoring, offering carriers a single financial partner for business accounts and invoice factoring. However, their trucking-specific features are limited compared to dedicated trucking factoring companies, and the banking integration adds complexity that not all carriers need.
Pros
- Combined banking and factoring services in one institution
- Backed by a regulated bank (financial stability)
- Competitive rates for high-volume, creditworthy carriers
- Good for carriers who want to simplify their banking relationship
- Collections and credit monitoring included
Cons
- Not trucking-specific — lacks industry features like fuel cards
- Technology feels dated compared to OTR Solutions or RTS
- Banking compliance requirements slow down the onboarding process
- Customer service can feel more like a bank than a trucking partner
- Minimum volume requirements are higher than some competitors
Our Verdict
Crestmark makes sense for established carriers who want their banking and factoring under one roof with a regulated financial institution. The banking stability is real, but the lack of trucking-specific features, higher minimums, and longer contracts make them a tough sell against purpose-built trucking factoring companies. Most carriers will get better value and more relevant features from RTS, OTR Solutions, or Apex Capital.
Rates & Terms
Factoring Rate
2-5%
Advance Rate
90-95%
Minimums
$10,000/month minimum typical
Contract
12-24 month contracts standard
Recourse factoring at 2-3.5% for established carriers with volume. Non-recourse at 4-5%. Higher minimum volume requirements than most trucking-focused competitors. Contract terms of 12-24 months are standard. Combined banking-factoring packages may offer rate benefits.
Features
| Same-Day Funding | |
| Non-Recourse | |
| Fuel Card | |
| Free Credit Checks | |
| No Minimums | |
| No Long-Term Contract | |
| Mobile App | |
| Broker Verification | |
| Fuel Advances | |
| Collections Included |
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This review is one company. The explainer for the product, including the broker bond and why 49 CFR 377.203 is not a broker pay deadline, is the freight factoring guide.
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