Apex Factoring Review: Is It the Right Factoring Company for My Business?

Apex freight factoring logo
Duncan Lambden
Heleana Neil, Business Services editor

Apex is one of the better and most well-known freight factoring companies. There are plenty of reasons to consider Apex for your freight factoring needs, including its rapid payment and relatively low flat rate of 2%.

If you're a bit lost: in short, Apex provides shipping and freight businesses with advances on their unpaid invoices in order to supply those businesses with more liquid capital. This service allows businesses to take advantage of time-sensitive opportunities.

While we can firmly recommend Apex, you might want to know a bit more about it first. In that case, read on to see a full breakdown of Apex's service, pricing, and benefits. And if you'd like to go straight to the source, try our free quote-finding tool, which can get you quotes from not only Apex but other high-scoring invoice factoring companies as well.

Pros and cons of Apex Factoring


  • 24/7 payments
  • Access to Apex's 24/7 roadside rescue
  • Startup program (discussed below)
  • Great mobile app (discussed below)
  • Dedicated executive for your account


  • 2% charge is flat, meaning you'll be losing a bit more on high-value invoices than you would with other services
  • Pricing only available upon request
  • You must use Apex for all of your invoices

What are Apex Factoring's benefits?

Now that we've taken a glance at its pros and cons, let’s have a more in-depth look at some of the best reasons to use Apex.

Same-day/next-day payments

It's not hard to see how this is a massive benefit for any invoice factoring company to offer. One of the main reasons to use an invoice factoring service is for the speedy acquisition of necessary funds. The fact that Apex can promise these funds in a less-than-24-hour period is a huge boon – especially since with other providers, speedy payment like this generally involves more fees.

Mobile app

Apex offers a very well-scoring mobile app with various features. It can help you:

  • Upload images of a load's paperwork for easy management within the app, or the Apex client site (AMP)
  • Quickly create and submit invoices
  • Instantly check the credit worthiness of potential customers
  • Find the lowest fuel prices nationwide with the mobile-friendly Apex Fuel Finder
  • View your Apex fuel card account activity and track your savings
  • Capture and upload paperwork directly to home office from the road (for drivers)

These are just the highlights – there are many other features within the app that freight companies and drivers can use to optimize their routes and income.

Apex App

Startup program

Apex offers a course on how to get your trucking company up and running. Obviously this isn't a big deal for established businesses, but if you're looking to start a trucking business and don't know where to begin, the Apex Startup Program is your answer. It will help you understand the fundamentals, terminology, and systems at play when running a trucking company, as well as setting you up for potential factoring and fuel card partnerships with Apex.

How much does Apex freight factoring cost?

While a lot of freight factoring companies have rates that fluctuate based on an invoice's total value (usually between 0.5% and 5% of the invoice’s cost), Apex offers a strict 2% rate on any invoice, no matter the value. 2% is around a standard invoice factoring fee, so as far as costs go, this is a very reasonable rate.

In all our research on Apex and its reviews, we haven't seen any evidence that Apex imposes additional charges at all, so the 2% charge will likely be all you're paying. Many other factoring companies will have potential costs in their fine print that can come into play in certain circumstances, like if a customer waits too long to pay their invoices or if a certain payment method, like wire or ACH payments, is needed. These costs are usually minuscule, hovering around 0.5% of the invoice's value.

Is Apex Factoring right for my business?

“I don't have a trucking company yet”

Apex is a perfect choice for anyone looking to start up a trucking company. Not only does it not have a strict turnover threshold for new partners, but it also offers a start-up course, called the Apex Startup Program, that teaches you everything you need to know in order to set up your own trucking business. This can make Apex an indispensable resource for those who are just getting started and might not know all the basics.

“I am a driver with new authority”

So you've cleared all the red tape and founded your own company, but you're still somewhat new to the world of trucking. Again, the Apex Startup Program is a great resource for anyone feeling overwhelmed or lost in the world of trucking freight.

And once you start making money, if you're looking to factor your invoices, the 2% charge that Apex asks for is easy to remember and calculate – meaning you won't need to worry too much about poring over paper trying to figure out what you're owed.

“My freight business is well established”

Even though Apex is a great starting point for a trucking company looking to get off the ground, it's also a great choice for a well-established business. Many long-time freight companies have reviewed Apex positively, and the flat rate of 2% means that you'll be able to calculate the cost of multiple invoices at once, rather than splitting different fees over different invoices.

Many reviews of Apex are from customers who say they've been working alongside the company for many years (some for over a decade) without any hiccups, showing that a well-established business has a lot to gain from Apex's services.

The one potential problem is that using Apex means you need to use it for all of your invoice factoring, so you won't be able to shop around for other rates while you're under contract with Apex. This can be a bit limiting for businesses with loads of invoices.

What do Apex Factoring customer reviews say?

Don't just take our word for it! Let's have a look at how Apex fares across some review aggregate sites, like Facebook and Birdeye.

Apex does astoundingly well across all of the review sites we found. On Facebook, it has a glowing 4.9/5 from 117 reviews, with customers frequently citing the company's speed and helpfulness as its best perks.

On review site Birdeye, Apex scores a perfect 5/5 from a total of 647 reviews, none of which go lower than three stars – and even then, that's only four of the 647 reviews. Of course, these reviews are for all of Apex's services, not just factoring, but this is a sign that Apex does its job very well.

Apex's app scores very well, too. It's sitting pretty at a 4.8/5 on the Google App Store, after a total of 362 reviews at the time of this article's publication.


All in all, Apex is one of the best options for anyone looking to sell their shipping and freight invoices to get a cash advance. Its flat rate of 2% makes things very easy, and its handy app and same-day payments can ensure that you won't have to worry about things being up in the air for too long.

If Apex has piqued your interest, you can use our free quote-finding tool to get quotes directly from this and other freight factoring companies, allowing you to compare your options and land the best choice for you and your business.

Get quotes from Apex and other factoring services

Frequently Asked Questions

What is Apex’s factoring fee?
Apex offers a flat fee of 2% for all invoices. Other invoice companies will typically offer a range of percentages based on the overall value of the invoice, with a smaller invoice prompting a higher percentage. However, Apex's flat rate means that you won't have to worry about constantly recalculating your payment every time you use its service.

There may be some occasional additional fees based on things like payment methods or the overall length of time it takes for a customer to pay, but nothing that will be a shockingly large cost.

What does Apex Capital do?
Apex Capital is a company that offers a lot of different financial services. However, in the context of invoice factoring, it will buy your business's unfulfilled invoices, and then wait on payment from your customers. It will simply take around 2% of the invoice's value as payment.
Is Apex Capital legit?
It is indeed. It's accredited by the Better Business Bureau, well-reviewed by customers, and generally considered to be one of the most upstanding freight factoring businesses on the market, claiming the title of “America's Favorite Factor.”
Is Apex a factoring company?
Apex does offer factoring, but it also offers several other financial services (typically related to trucking and freight), like fuel cards, and even a course on how to start your own trucking business.
Written by:
Duncan Lambden
Duncan Lambden Software Expert

Duncan (BA in English Textual Studies and Game Design) is one of Expert Market’s local Software Experts. His articles focus on ecommerce platforms and business software that allows small businesses to improve their efficiency or reach, with an emphasis on invoice financing, project management, and customer relations.

Reviewed by:
Heleana Neil, Business Services editor
Heleana Neil Business Services Editor

Heleana Neil specialises in Business Services, managing the strategy and production of content for SMBs, helping businesses with the challenges and opportunities they face today. Covering everything from payroll to payment processing, Heleana uses her expertise to help business owners make better, informed decisions and grow their companies.