Bobtail vs. Charter Capital
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
| Bobtail | Charter Capital | |
|---|---|---|
| Advance rate | No reserve requirements [source] | Typically 90%, up to 98% [source] |
| Factoring fee | Usually 1.5%–3.5% per invoice [source] | From 1%; most clients 1%–3% [source] |
| Contract length | 90-day trial, then a long-term contract [source] | No long-term contracts [source] |
| Termination fee | None if cancelled within the first 90 days [source] | Termination on notice (no lock-in penalty advertised) [source] |
| Minimum volume | Not published | No minimum invoice volume [source] |
| Funding speed | Same day by 6pm ET if submitted before 11am ET, Mon–Fri [source] | Same day once set up; pricing within 24 hours [source] |
| Fuel program | Bobtail Mastercard fleet card; fuel discounts up to $3.00/gal, avg 59¢/gal [source] | Fuel card for carriers (not offered in California) [source] |
| Credit checks | Credit check on every broker and shipper [source] | Free credit reports on customers [source] |
| Founded | 2015 [source] | 2001 [source] |
| Headquarters | Silver Spring, Maryland [source] | Bellaire (Greater Houston), Texas [source] |
| Advertised features | Same-day funding, Free credit checks | No long-term contract, Same-day funding, No minimum volume, 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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