Industry sets the advance percentage and factoring fee bands, because the two real drivers, your customer credit and how fast the invoice pays, differ by industry. Freight and staffing invoices are clean and fast, so they advance highest and cost least; construction and medical sit lower. The bands never blend across industries.
Recourse is the cheaper default: you buy back an invoice your customer never pays. Non-recourse costs more and covers customer insolvency only, not disputes or short-pays.
A single invoice of this size, for a clean illustration. Factoring is sold per invoice or per batch, and the math scales with the face amount. Not a suggested amount and not Trident pricing.
Reserve is 7%, the face minus the advance, released to you net of the fee once your customer pays. The market range for a freight factoring deal runs 90% to 97% advance, centered near 93% (public market data, Jul 2026). Not Trident pricing. The SFNet 2024 survey puts the blended all-industry advance at 84.3%, a figure that spans every industry, so it sits below the freight band.
The market range for a freight factoring deal runs 1% to 3.5% per 30 days, centered near 2.8% (public market data, Jul 2026). Not Trident pricing. The freight fee band is anchored to public-factor SEC filings, the one hard-anchored segment; the advance percentage is advertised-derived.
The APR-equivalent below annualizes the fee over how long your customer takes to pay. The SFNet survey puts the blended collection time near 45.8 days, so a faster invoice annualizes higher and a slower one lower.
Over 45.8 days of collection time the 2.8% factoring fee annualizes to an APR-equivalent near 22.3% (the fee times 365 divided by the days to payment). Factoring is quoted as an advance plus a fee, so this figure is only for lining a factoring deal up against a loan APR, and it is never the native quote.
The 2.8% factoring fee sits in the typical cost band for a freight factoring deal. The freight factoring fee band is anchored to public-factor SEC filings, the one hard-anchored segment; the advance percentage is advertised-derived.
* Market data sources
- SFNet 2024 Annual Factoring Survey (Secured Finance Network): blended, all-industry realized advance about 84.3% with days to payment about 45.8 days, on a base skewed to apparel and textiles. It anchors the advance axis and the collection time, but not any one industry center.
- Triumph Financial (TFIN) SEC 8-K shareholder letters and 10-K: a public freight factor discloses a realized discount fee near 1.3% on a large-fleet book and a portfolio yield near 14% to 15%, on a book that is 97% transportation. This is the one hard anchor on the fee axis, and only for freight.
- CA DFPI SB 1235 and NY DFS 23 NYCRR 600: two states require a disclosed APR-equivalent on factoring, computed from the advance, the fee, and the days to payment, and the New York text states plainly that the disclosed figure is not the native factoring fee. This is the method behind the comparison overlay.
- Factor and aggregator pricing pages (eCapital, Crestmont Capital, Apex Capital, altLINE, FundThrough, Commercial Capital, 1st Commercial Credit): these bracket each industry advance and fee and agree on the ranking, but lean to advertised floors, so the non-freight fee bands and the by-industry advance centers are advertised-derived, not survey-measured, and the tool labels them directional.
Educational market data with full citations on file in substantiation/factoring-pricing-2026-07.md. Not Trident partner pricing, and not a quote.