Overview
BasicBlock is a freight factoring company aimed at owner-operators and small fleets, based in Lincoln, Nebraska. Its BBB profile lists the business as BasicBlock, Inc., started on 1 August 2018, at 720 O Street, Suite F, Lincoln, with Taylor Monks as CEO. Its About page tells the origin story of "a Lincoln, Nebraska startup" that built an app for carriers to scan and submit load documents. Its terms of service are governed by Nebraska law.
Its website is basicblock.io. The older basicblock.com address now belongs to an unrelated business, so make sure you are on the right site before applying or sending documents.
BasicBlock's pitch is simplicity: a single published rate, no contracts, no minimums, no reserve, non-recourse coverage and fast payment, plus a broker check tool, fuel advances and an Instant Pay option. Its freight factoring page says it serves "thousands of carriers across the U.S.", and it mentions fleets of 20 or more trucks as well as owner-operators. The application form offers Spanish-language support.
BasicBlock is not in our scored ratings, so it has no score under our methodology. Everything below comes from the company's own website, FAQ, terms of service and BBB profile as we found them in November 2026. We have not independently verified these terms.
What BasicBlock publishes
| Term | What the company states |
|---|---|
| Factoring rate | 2.5% (homepage); "a flat 2.5% or less" (factoring page) |
| Advance rate | Not published as a percentage; FAQ example funds about $2,850 on a $3,000 load |
| Reserve | None, per its comparison tables |
| Funding speed | 24 hours or less; same day by about 4pm Central if submitted before the cutoff |
| Daily cutoff | 2pm Central on weekdays |
| Instant Pay | Within an hour, any day including bank holidays; cost not published |
| Anytime Pay | $30 per load for same-day payment after the cutoff |
| Contract length | No contracts |
| Monthly minimum | No minimums |
| Recourse structure | Non-recourse advertised; FAQ and terms describe both |
| Fuel advances | Up to 50% of the load, for a flat fee |
| Broker checks | Unlimited free checks; over 10,000 pre-approved brokers |
| Approval | Within 24 hours |
Rates, advances and fees
A published rate is unusual and useful. Most freight factors quote case by case. A stated 2.5% lets you compare BasicBlock directly with a written quote from anyone else. The FAQ frames it as "starting rates from 2.5% and never going higher", and works an example: a $3,000 load at 2.5% is $75 in fees.
The fine print is less flat than the headline. The same FAQ says fees vary with your credit profile, invoice size, volume and advance percentage, and that non-recourse factoring typically carries fees 0.5% to 1.5% higher than recourse. That sits awkwardly next to "never going higher" than 2.5% and next to the homepage claim that all factoring is non-recourse. Ask which structure your quote is on and whether 2.5% is the all-in price for it.
No reserve, with a caveat. BasicBlock's comparison tables list its reserve as none, against 3% to 5% at typical factors. Its FAQ example, though, has BasicBlock funding about $2,850 upfront on a $3,000 load with a $75 fee, which leaves about $75 not paid on day one. Its terms of service also say a holdback reserve "may be kept" against chargebacks, returns or disputes, released on the schedule in your account agreement. Ask for the advance percentage and any holdback in writing.
Instant Pay may cost extra. The site says Instant Pay pays within an hour, any day of the week including bank holidays, as long as you use one of its pre-approved brokers. It does not publish a price. The FAQ does price a related option: Anytime Pay costs $30 per load for same-day payment after the cutoff on a pre-approved load. Ask for both prices before relying on either.
Fuel advances are repaid from your payout. The fuel advance page says that once you have a rate confirmation you can draw up to 50% of the load, for example up to $1,500 on a $3,000 load, with funds arriving within a few hours of approval. The fee is described as "a low, flat fee" that is the same whether you take $500 or $1,500, but no amount is given. The terms of service add that unpaid fuel advances accrue charges at rates set in your account agreement.
Buyouts. If you are locked into another factor's contract, BasicBlock's homepage says it will pay the buyout fee. Ask whether that cost is recovered later through your rate or a minimum stay.
To compare BasicBlock's flat rate with a quote that has a lower rate but a reserve and transfer fees, run both through our factoring calculator. Our guide to hidden factoring fees lists the charges to ask about.
Contract terms
"No contracts" is a real differentiator, and BasicBlock's terms of service largely back it up. They say you can close your account at any time by contacting support, with outstanding obligations and fees still due. BasicBlock can end the relationship on 30 days' written notice for convenience, or immediately for reasons including fraud, lapsed insurance or authority, a failed federal safety audit, or a customer defaulting on multiple invoices. After termination, BasicBlock collects your outstanding invoices and you remain liable for disputes and chargebacks.
A few more points from the terms are worth knowing before you sign:
- Advance rates, holdbacks and fees live in a separate account agreement. The public pages are marketing; the account agreement is the contract. Read it.
- Rates can be adjusted with notice. The terms say rates vary with credit quality, payment history and market conditions.
- Disputes go to binding arbitration under AAA commercial rules in Lancaster County, Nebraska, with a class action waiver.
- Liability is capped at the fees you paid in the previous 12 months.
Two questions remain. First, how fast the UCC filing is released when you leave: even without a fixed term, the factor files a lien on the receivables it buys. Our guide to switching factoring companies explains why this matters. Second, what non-recourse covers. BasicBlock's terms define it as BasicBlock bearing customer credit risk on approved customers. In most agreements that means a broker failing for a credit reason, such as insolvency. Disputes, short payments, damaged or late loads, missing paperwork and double brokering usually stay with you. Our recourse versus non-recourse guide covers what to look for.
Funding speed and service
BasicBlock's FAQ is specific about timing. Loads submitted before 2pm Central on a weekday are typically paid the same day, by about 4pm Central. Loads submitted after the cutoff from Monday to Thursday are processed the next business day, and loads submitted after 2pm on Friday are processed the following Monday. The FAQ also says most loads are funded within 4 to 24 hours and that funds typically reach your account the next business day, so the same-day payment is when BasicBlock sends the money, not necessarily when your bank shows it. Its homepage compares its 2pm cutoff with 12pm at typical factors.
Approval is fast: the site says most carriers are approved within 24 hours. Paperwork goes through the app. Broker checks are in the app too, and the FAQ notes that BasicBlock generally does not run broker checks over the phone. The main support channels are the phone line, (402) 600-0630, and the support email in the terms of service.
BasicBlock's BBB profile, checked in November 2026, shows an A+ grade, BBB accreditation since 5 April 2023, no complaints filed in the last three years and no customer reviews. That is a clean record, but with no reviews on the profile it tells you little about day-to-day service either way. We did not find enough other reliable review data to describe a complaints pattern.
Who it's for
The no-contract, no-minimum structure points at owner-operators and very small fleets, especially carriers factoring irregularly or trying factoring for the first time, including new authorities. Our guide to factoring with a new authority covers what else to check at that stage. The 2pm cutoff and Instant Pay suit drivers who deliver late in the day or on weekends.
Carriers doing high, steady volume can often negotiate below 2.5% and should compare before settling on a headline rate. See our freight factoring ratings for scored alternatives.
What to ask before you sign
- What is the advance percentage, and is any holdback kept?
- Is my quote recourse or non-recourse, and is 2.5% the all-in price for it?
- What do Instant Pay and Anytime Pay cost?
- Are there wire, ACH or per-invoice fees on top of the rate?
- What exactly does non-recourse cover, and what happens on a short pay or disputed load?
- How fast is the UCC release if I close my account?
- What does a fuel advance cost?
Pros and cons
Pros
- A published rate of 2.5%, with a worked example in the FAQ
- No contracts and no minimums; you can close the account at any time
- A 2pm Central same-day cutoff, later than many factors
- Instant Pay within an hour, any day of the week
- Fuel advances of up to 50% of a load
- A+ BBB grade with no complaints filed in the last three years
Cons
- Advance percentage not published as a figure, and the FAQ example implies a holdback
- Instant Pay cost not published
- Mixed messages on recourse and on whether rates can exceed 2.5%
- Binding arbitration in Nebraska for disputes
- Not yet scored, and too few public reviews to judge service
How it compares
Bobtail is the closest match: it also publishes its pricing, a 1.5% to 3.5% fee range with no reserve, but its same-day cutoff is 11am Eastern and its FAQ describes a long-term contract after a 90-day trial. 5 Star Freight Factoring advertises month-to-month terms and rates from 1% but publishes far less detail. RTS Financial sits at the other end, with a bundled fuel card and load board but a 12-month term and an exit fee our editors recorded at about $5,000. Line up quotes on our compare page.
Frequently asked questions
What does BasicBlock charge for freight factoring?
BasicBlock publishes a rate of 2.5%. Its FAQ says fees can vary with credit profile and volume, and that non-recourse typically costs 0.5% to 1.5% more than recourse, so confirm the rate for your structure.
Does BasicBlock require a contract?
No. It advertises no contracts and no minimums, and its terms say you can close your account at any time, with outstanding obligations still due.
How fast does BasicBlock pay?
Loads submitted before 2pm Central on weekdays are typically paid the same day. Instant Pay pays within an hour, any day including bank holidays, for loads with pre-approved brokers.
Does BasicBlock hold a reserve?
Its comparison tables list the reserve as none, but its terms of service say a holdback may be kept against disputes. Check your account agreement.
Is basicblock.com the same company?
No. BasicBlock's factoring site is basicblock.io. The .com address now belongs to an unrelated business.