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Apex Capital Review

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Factoring Fee: Relatively low 2% flat rate

4.7
Rated 4.7 out of 5
4.7 out of 5 stars (based on 15 reviews)
Excellent73%
Very good20%
Average7%
Poor0%
Terrible0%

Do you think factoring companies suck your blood when you go to them for payment services? Many people believe they do. But here is a freight factor with no hidden charges, a termination fee, no reserve, and an always-on 2 percent only factoring rate.

As a trucker, it’s pretty hard to get load and ply it properly to the location. After delivering the load to an intended location, truckers need to wait for the payment cycle to lapse to get paid.

Apex factoring was founded by David Baker on Dec 1, 1995, in Fort Worth Texas. It has about 400 employees and 2000 odd customers. Apex Capital provides freight and shipping business advance money on their unpaid invoices with 24 hours max.

Apex Capital is a truck factoring company delivering services to small and medium businesses. Services include factoring for truckers

, fast payment, a startup program, a great mobile app, and a fuel card program.

You can use Apex’s robust and fast mobile app to achieve these benefits:

  • Upload pictures of load paperwork for easy management within the app and Apex Clent site
  • Capture and upload paperwork directly from a home office or from the road
  • Rapidly create and submit invoices 
  • Instant credit checks of potential customers 
  • Get fuel prices at the lowest rates throughout the USA using Apex Fuel Finder
  • Check Apex fuel card account in real-time and track savings 

Apex Startup Program:

If you are a would-be trucker or owner operator the Apex Startup program is for you. The startup program helps you to get your trucking company up and running. A startup program helps you to know the fundamentals, terminology, and systems at play when operating a trucking company

Apex Charges:

Many of the factors charge extra for fast payments like ACH or Wire charges etc. But Apex is a company with a difference it does not charge extra for same-day or 24-hour funding.

They also provide a super app with any features that drivers and owners to access valuable data on the road

After 2 decades it is still treating its clients as partners and employees with respect. Apex is one of the top factoring companies for trucking.

Apex has developed and fine-tuned technologies and tools that allow small and medium truck drivers to compete in the market.

Features of Apex factoring program:

  • Funding time: same day or next day
  • Contract length: No long-term contracts, no termination fee
  • No monthly minimum factoring limit
  • Dedicated representative to serve clients
  • Factoring fee: Flat 2% on invoices already billed
  • Nonrecourse factoring and recourse factoring plans
  • Load board access
  • Professional Collections
  • Broker, shipper, and client credit checks

Pros and Cons of Apex Program:

Pros

  • Anytime or 24/7 payments
  • 24/7 access to Apex’s roadside rescue
  • Startup program for new truckers or New mc authority holders
  • Robust and efficient mobile app
  • Dedicated customer manager for your account

Cons

  • 2% charge is flat, meaning you’ll be losing a bit more on high-value invoices than you would with other services
  • Pricing available only upon request
  • All of your invoices need to be factored with Apex

Apex’s USP is that they manage accounts receivable, give out free and unlimited credit information, provide back-office support and collections, and give a fuel card discount program that saves their clients thousands of dollars on fuel.

Apex factoring charges:

Apex invoice factoring cut is 2% of the invoice value, which is easy to calculate without extra charges and customer friendly. Apex does not charge hidden or extra charges on the submitted invoices.

Apex startup program for beginners who hasn’t started?:

Apex is good company to associate with if you are a mere beginner in the truck industry. Their startup program makes you up to speed and also supports, nurtures and educates you about the in and outs of the trucking industry.

Apex startup program for beginners who have started up?:

Even if you have cleared the red tape and started your trucking operation by taking a trucking authority, you can access Apex’s startup program to know the ins and outs of the industry. By the way, the cherry on the cake is their factoring service with a 2% factoring rate. This means you do not have to worry too much about what you have to pay the factoring company.

Apex review:

Freight companies that reviewed Apex say that they are a good long-term partner. If you are a well-established trucking company you can easily sign up with Apex and get value-added features like fuel cards, insurance, a trucking management system, etc. But the only limiting factor is that you have to factor all your invoices with Apex, this means you can’t search for a better factoring rate while in contract with apex.

Our review found out that the only problem with Apex is that it has a minimum monthly invoice of 12k to 15k per truck.


User Reviews of Apex Capital

4.7
Rated 4.7 out of 5
4.7 out of 5 stars (based on 15 reviews)

Latest Reviews of Apex Capital

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Are you an Owner Operator or New Carrier? Receive a complimentary Start-Up kit valued at $1500 to Grow your Business and Maximise Profits. Features of Start-Up kit:

Product Pricing

Dispatch

  1. Dispatch ; Loads Just @ $49/Week/Truck + 5% of the previous week’s gross revenue

Fuel Card

  1. TCS: 42 cents per gallon for Q3 of 2023
  2. RoadEX Fuel Credit Card; up to $6000 / per week

LoadBoard

Rated Top 5 Dispatchers in USA

James Birdine II
Nick was a wonderful agent
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Nick was a wonderful agent, very professional and informative. He has a lot of patience and was very helpful. Read more>>

Date of experience: September 15, 2023

Nataya Martinez
I Signed Up With MT. Nick made..
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Great company to work with. Nick was a big help helping me get everything started. All applications were easy and self explanatory.

Date of experience: June 21, 2023

Jami Johnson
Big thanks to
Ruby S
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Big thanks to Ruby S. What an awesome person to have representing Max Truckers! Ruby was not pushy at even after spending ample time explaining my different options. Read more>>

Date of experience: April 20, 2022

Saieh Ghavami
Been working with Jenny for awhile
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Been working with Jenny for awhile, always reliable and I am looking forward to doing more business!

Date of experience: May 22, 2023

Rick D
My experience with max truckers was
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My experience with max truckers was Excellent from start to finish. Mrs Ruby I’m my opinion one of the best helpers I ever received from an active associate from a company. Read more>>

Date of experience: June 22, 2022

Susan H.
Ruby - Exceptional Customer Service
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Ruby was professional/listened to my concerns/was patient as this was new territory for me/solved all my issues/Exceptional Customer Service! Thank You Susan H.

Date of experience: September 19, 2022

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