TBS Factoring Reviews (2026): Rates, Contract Terms & Funding Speed

What is TBS Factoring?

TBS Factoring Service is an Oklahoma City freight factoring company that has been operating since 1968. It offers both recourse and non-recourse factoring, and bundles free authority processing, compliance and permitting help, fuel cards, and free broker credit checks. It approves new authorities. Its headline product feature is a 100% advance with no reserve on non-recourse invoices.

Love's Financial acquired TBS along with Saint John Capital and Financial Carrier Services, a deal that closed December 19, 2025 and was announced December 22, 2025, covering roughly 3,400 customers across the three companies per loves.com. Love's said carriers would see no funding disruption and would gain fuel discounts at Love's nationwide network plus a no-fee credit line through Love's Express Billing. TBS still runs under its own brand — its website makes no mention of Love's on the homepage or the factoring pages — and no source confirms whether the acquisition changed any rate, advance, contract, or service term. Assume the pricing figures in circulation may predate it.

It is a fit for new authorities and small carriers who want the full invoice value with no reserve, no monthly minimum, and no long-term commitment, and who fuel at Love's often enough for the discounts to matter.

Rates and fees

TBS publishes no rates anywhere. Its own pricing page says only that rates are competitive and transparent with absolutely no hidden fees, and points carriers to a quote request. Every rate figure you will find online — including the ones below — comes from third-party reviewers, not from TBS.

Reviewers describe two different structures. The first is a variable weekly model reported to start around 1.25% per week the invoice stays unpaid, which those reviewers work out to roughly 2.5% at two weeks, 5% at 30 days, and 7.5% at 45 days. Some reviews break the recourse tier as roughly 1.25% to 1.5% for days 0 to 15 and roughly 2.5% for days 16 to 30, though that breakdown appears only on two low-authority aggregator sites and is weakly sourced. The second structure is a flat non-recourse rate, reported at 5% by TheTruckersReport, 4.5% by MaxTruckers, and 4.5% to 5% by OIEngine — a range rather than a settled number.

Both readings have a real consequence for a carrier. The flat non-recourse rate is predictable, which genuinely helps if your brokers pay slowly, but 4.5% to 5% sits at the expensive end of the market. The weekly model looks cheap on a fast-paying load and gets expensive on the 30 to 45 day broker terms most carriers actually see.

On add-on fees, third parties report about $17 for FedEx document overnight and roughly $1.50 to $2.50 per fuel-card transaction, with no application fee. Those charges are not disclosed on TBS's own site.

A practical test: run the total cost on a load that pays in 45 days, not on the headline rate. That is where a weekly model and a flat rate separate.

Contract terms

TBS advertises no long-term commitment, no volume requirement, and no sign-up fees, and it is fair to give them credit here: reviewers largely confirm it. ExpertMarket describes the model as spot factoring, invoice by invoice. OIEngine reports carriers are not locked into monthly factoring minimums, and MaxTruckers reports no monthly factoring minimum and no minimum credit score. No termination fee is advertised by TBS, and none is reported by ExpertMarket, OIEngine, FreightFactoringUSA, or TheTruckersReport.

The exit is where the marketing and the paperwork diverge, and both are true at once. The agreement involves a UCC filing that stays in place until you submit a written Notice of Cancellation, and BBB complaint themes describe complicated cancellation processes with written-notice, signature, and waiting-period requirements, plus UCC-release delays after an account is closed. That is not a fee — it is friction, and it matters if you plan to move factors quickly.

One point is genuinely unsettled rather than a clean contradiction: a secondary search result asserted that TBS requires a Notice of Cancellation 30 days before an automatic renewal date. We could not verify any such clause on TBS's own Terms of Service or FAQ, and TBS simultaneously advertises no long-term commitment. Do not assume a specific notice window in either direction. What is confirmed from the BBB complaints page is only that a written NOC and a UCC release are part of leaving.

Practical takeaway: before you sign, ask for the cancellation clause, the notice requirement in days, and how long the UCC release takes after closure — in writing.

Advance rate and funding speed

The 100% advance with no reserve is real and is TBS's strongest differentiator — every source we read agrees on it. The important qualifier is that it applies to the non-recourse product only. Under non-recourse, TBS says that if a customer does not pay because of their own credit or funding issues, TBS takes the loss and will not come back to you for repayment. FreightFactoringUSA reports an independent limit worth knowing: that cover applies to broker insolvency and credit failure, and excludes disputes and short-pays — narrower than the marketing implies, and consistent with the chargeback complaints below.

The recourse advance is badly disputed. TBS's own site claims only the highest advance rate in the industry without a number, FreightFactoringUSA says up to 95%, and TheTruckersReport says 40%. A 40% recourse advance would sit far outside industry norms and is likely stale or an error, but we cannot resolve it from public sources. Ask for the recourse number directly. Separately, TBS's FAQ says TBS can advance up to 50% of any load you factor, subject to approval — read in context that is the fuel and load advance product, not the invoice advance, but the FAQ does not say so explicitly and the two figures are easily conflated.

On speed, the advertised claim and the independent reports do not match, and the gap is worth seeing rather than resolving. TBS advertises same-day processing and says it processes payments within hours, with invoices handled 24/7 and fuel-card funding daily until 11:00 PM Central; OIEngine reports same-day for invoices submitted before 4 PM Central. TheTruckersReport says money typically deposits within 24 to 48 hours, and FreightFactoringUSA reports the same-day-to-24-hour claim alongside 24 to 48 hour delays reported by some carriers. Fuel advances are reportedly funded within about four hours of loading, and new-account setup takes about 24 hours after a complete application with active authority, per TBS's FAQ.

Reviews, ratings, and complaints

Reviews split sharply by platform, and we are not going to average them or pick one. Trustpilot shows 4.0 out of 5 across 779 reviews, 78% five-star and 12% one-star. BBB customer reviews show 1.33 out of 5 across only 12 reviews, with 30 complaints closed in the last 3 years and 0 in the last 12 months, 7 resolved. The BBB sample is tiny and self-selected; Trustpilot scores can be lifted by review solicitation. On accreditation the record is contradictory: both BBB pages we read state the business is not BBB accredited, while several review sites describe TBS as accredited, and the A+ rating shown on the main BBB profile did not display on the complaints page. Treat all of that as current but worth re-checking yourself.

Who TBS Factoring is good for

Two more things belong on the record. The long operating history since 1968 and the volume of largely positive Trustpilot reviews are real credit. So is the recurring theme of unexplained chargebacks and reserve or deduction reversals, sometimes months after the fact, in BBB customer reviews — alongside long hold times, unreturned calls and emails, and staff turnover.

TBS Factoring questions