BasicBlock vs. Bobtail
Both serve freight & trucking. Here's how their published terms compare. "Not published" means we couldn't find the figure on the company's own site.
Terms side by side
| BasicBlock | Bobtail | |
|---|---|---|
| Advance rate | Not published | No reserve requirements [source] |
| Factoring fee | Flat 2.5% or less [source] | Usually 1.5%–3.5% per invoice [source] |
| Recourse | Non-recourse advertised; recourse also described in FAQ [source] | Not published |
| Contract length | No contracts; close account any time [source] | 90-day trial, then a long-term contract [source] |
| Termination fee | Not published | None if cancelled within the first 90 days [source] |
| Minimum volume | No monthly minimums [source] | Not published |
| Funding speed | Same day by about 4pm CT if submitted before 2pm CT; Instant Pay within 1 hour [source] | Same day by 6pm ET if submitted before 11am ET, Mon–Fri [source] |
| Fuel program | Fuel advances up to 50% of the load [source] | Bobtail Mastercard fleet card; fuel discounts up to $3.00/gal, avg 59¢/gal [source] |
| Credit checks | Unlimited free broker checks [source] | Credit check on every broker and shipper [source] |
| Founded | 2018 [source] | 2015 [source] |
| Headquarters | Lincoln, Nebraska [source] | Silver Spring, Maryland [source] |
| Advertised features | No long-term contract, No minimum volume, Same-day funding, Fuel advances, Non-recourse | Same-day funding, Free credit checks |
Terms are negotiated. The only way to know what you'd pay is to get quotes for your volume and customers.
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