Overview
TBS Factoring Service, LLC is headquartered at 7740 NW 85th Terrace in Oklahoma City and says it has "over 50 years" of freight factoring experience. Its BBB profile gives a business start date of 4 February 2004, with an earlier local start in 2003; the 50-year figure is TBS's own description of its experience and we could not trace it to a founding date. TBS describes itself as part of "the TBS family of companies" but does not name the other members or a parent.
Alongside factoring, TBS offers authority processing, first-time trucking permits and renewals, bookkeeping, an advance programme, discount fuel cards and its TBS: Get Paid app. It factors for freight brokers as well as carriers, and says it provides free authority services to people starting a trucking business.
The gap is in the numbers. TBS's website publishes no factoring rate and no advance percentage. It does say more about its terms than many factors: no volume requirement, no sign-up fees, no reserve account on non-recourse, and no long-term commitment on non-recourse. That leaves the price as the main thing you need a written quote for.
TBS is not in our scored ratings, so it has no score under our methodology. Everything below comes from TBS's own website and BBB profile as we found them in November 2026. We have not independently verified these terms.
What TBS publishes
| Term | What the company states |
|---|---|
| Factoring rate | Not published; recourse priced by volume and debtor quality |
| Advance rate | Not published; recourse described as the "highest advance rate in the industry" |
| Reserve | No reserve account on non-recourse |
| Funding speed | Same-day processing; payment processed within hours of submitting paperwork |
| Contract length | "No long-term commitment" on non-recourse; not stated for recourse |
| Minimum volume | No volume requirement |
| Sign-up fees | None |
| Recourse structure | Both offered |
| Advance programme | Up to 50% on any load you factor, subject to approval |
| Fuel cards | TBS EFS and Comdata cards, save up to $0.90 a gallon, free to get |
| Credit checks | Free online broker credit checks; no personal credit checks on recourse |
| Other services | Authority processing, permits, bookkeeping, VeriFast GPS delivery verification |
Rates, advances and fees
With no published rate or advance, your only basis for comparison is a written quote. TBS's own rates page says factoring rates across the industry "primarily range from 1-5%" of the invoice, and that TBS has "absolutely no hidden fees" and avoids monthly minimums and transfer fees. Its freight factoring page says recourse pricing "can vary by volume and debtor quality", and that recourse carries lower fees than non-recourse because you take on more of the risk.
Ask for two quotes in the same email: one recourse and one non-recourse, each with the rate, advance percentage and reserve. The gap between them is the price of credit protection on your broker list. Then ask whether the bundled services, such as permits and bookkeeping, are included in the rate or billed separately. A bundle can be good value for a new carrier and dead weight for one that already has a bookkeeper.
No reserve on non-recourse is a strong term. TBS lists "no reserve account" against its non-recourse option. If that holds in your agreement, you receive the purchase price less the fee up front, with nothing held back until the broker pays. TBS does not say the same for recourse, so ask.
The advance programme is separate from factoring. TBS's advance programme page says it can advance "up to 50% on any load you factor", subject to approval. You sign a separate advance programme agreement, send the rate sheet and bill of lading, and receive the advance once the load is verified. TBS publishes no fee for it, so ask what each advance costs and how it is repaid.
The fuel cards have a published discount. TBS offers both an EFS and a Comdata fuel card and says either can save "up to $0.90 per gallon" at truck stops nationwide, with no charge to get the card and, according to its homepage, no credit check required. "Up to" is a ceiling, so ask for typical discounts at the stops on your lanes.
Our guide to hidden factoring fees lists the charges to look for, and our factoring calculator helps you compare quotes once you have them.
Contract terms
TBS's factoring page lists "no long-term commitment" against its non-recourse option, and "no volume requirement" and "no sign-up fees" against both. It does not publish a contract length, notice period or termination fee for recourse, and it does not define "long-term". Get the term, the notice period and any exit fee in writing before signing, along with how quickly TBS will release its UCC filing if you leave. Our guide to reading a factoring contract shows where to find them, and our guide to switching factoring companies explains the release.
TBS's description of non-recourse factoring is clearer than most. It says that if a customer does not pay because of its own credit or funding problems, "TBS takes the loss" and will not come back to you for repayment. That is a plain credit-event definition, and it also marks the usual boundary: cover applies when the customer fails financially, not when a load is disputed, short-paid or missing paperwork. Under recourse, TBS says plainly that "you are on the hook for that money". Our recourse versus non-recourse guide explains how to choose.
TBS also says non-recourse carries no personal credit score minimum and recourse carries no personal credit check. That matters for new carriers and anyone with thin personal credit: approval rests on your brokers, not on you.
Funding speed and service
TBS describes same-day processing. Its FAQ says that once you submit completed paperwork, "we process your payment within hours", and it advises pre-approving a broker's credit in the app before accepting a load. The TBS: Get Paid app offers unlimited credit checks, analytics and a GPS-based VeriFast feature that verifies pickup and drop-off locations. TBS does not publish a daily cutoff time or say whether payment is by ACH or wire, so ask both.
The main phone line on TBS's site is (800) 207-7661.
TBS's BBB profile, checked in November 2026, shows an A+ grade, no BBB accreditation and 26 complaints filed in the last three years. The customer reviews on the profile describe billing mistakes whose cost was passed to the customer, rude or unhelpful staff, and long waits to reach someone about an account. That is a small sample, but billing accuracy and responsiveness are worth testing during onboarding: check your first few settlement statements line by line.
The testimonials on TBS's own site praise long relationships and individual account staff. Company-selected testimonials are not a balanced sample either.
Who it's for
The bundled back office points at new carriers and owner-operators who want authority, permits, bookkeeping and factoring handled in one place, and the lack of a personal credit requirement helps carriers who are just starting. Our guide to factoring with a new authority covers what to check at that stage. Freight brokers can also factor with TBS and use its free credit checks.
Established fleets that already have those functions covered should focus hard on rate and advance, where their value lies, and compare TBS's written quote against the companies in our freight factoring ratings.
What to ask before you sign
- What is the rate, for recourse and for non-recourse, at my volume?
- What is the advance percentage, and is there a reserve on recourse?
- How long is the contract, what notice does it require, and what does it cost to leave?
- What does the 50% advance programme cost per advance?
- Are authority, permit and bookkeeping services included in the rate or billed separately?
- What is the daily cutoff for same-day processing?
Pros and cons
Pros
- Both recourse and non-recourse, with a plain-English non-recourse definition
- No volume requirement and no sign-up fees
- No reserve account and no long-term commitment on non-recourse
- Advances of up to 50% on a load, plus EFS and Comdata fuel cards
- Authority, permit and bookkeeping services in one place
Cons
- No published rate or advance percentage
- No published contract length or exit terms for recourse
- 26 BBB complaints filed in the last three years
- Not BBB accredited
- Not yet scored under our methodology
How it compares
RTS Financial is the closest match in breadth, bundling factoring with a fuel card, load board and TMS, but our editors recorded a 12-month term and an exit fee of about $5,000. BasicBlock publishes a 2.5% rate and also offers fuel advances of up to 50% of a load, with no contract. 5 Star Freight Factoring also offers both recourse and non-recourse with no monthly minimum, and advertises rates from 1%. See them side by side on our compare page.
Frequently asked questions
What does TBS Factoring charge?
TBS does not publish a factoring rate. Its site says industry rates mostly fall between 1% and 5% and that recourse costs less than non-recourse. You will need a written quote for your volume.
Does TBS offer non-recourse factoring?
Yes. TBS offers both and says that under non-recourse, if a customer cannot pay because of its own credit or funding problems, TBS takes the loss.
How fast does TBS pay?
TBS describes same-day processing, with payment processed within hours of submitting completed paperwork. Confirm the daily cutoff.
Does TBS require a contract or minimum volume?
TBS says there is no volume requirement and no sign-up fee, and lists no long-term commitment on non-recourse. Ask for the term, notice period and any termination fee in writing.
Does TBS offer fuel advances?
Yes. Its advance programme offers up to 50% on any load you factor, subject to approval, and it offers EFS and Comdata fuel cards with discounts of up to $0.90 a gallon.