Skip to navigationSkip to main contentSkip to right columnFreightWaves StaffTue, June 23, 2026 at 8:17 PM GMT+2 16 min readWhy This Argument Never EndsGo search "factoring" in any trucking group on Facebook. Doesn't matter which one. What you'll find looks less like a conversation and more like a street fight. One driver swears it kept his business alive through the freight recession. The driver next to him says it quietly ate his margins for two years before he figured out what was happening. And somewhere in the comments, a third guy says if you need factoring, you were never running your business right to begin with.None of those people are lying. They just had different experiences — because they ended up with different companies, different contracts, and different levels of understanding about what they were actually getting into.On a June 2026 episode of The Long Haul podcast, Adam Wingfield sat down with George McWilliams and Ivan Martinez of Summar Financial to stop dancing around the topic and just go there. No sales pitch. No hit piece. Just an honest look at why factoring makes grown operators so emotional.McWilliams didn't waste any time getting to the root of it. "Who wants their money controlled by a third party? You're working, somebody's hiring you for a service, and here comes this third party in the middle. And at times, there may be an issue and your money gets held or charged back. With very good reason, that can create a lot of turmoil and a lot of dislike toward factoring."Sit with that for a second. You ran the load. You delivered on time. You did your job. And now there's somebody parked between you and your own money — and when that arrangement breaks down, when it's a Friday at 3:00 and your invoice just went on hold and you need fuel to get home and the phone's going to voicemail — that doesn't feel like a business problem. That feels like somebody took something from you.Every single person in that conversation — Wingfield, McWilliams, Martinez — kept landing on the same thing: is that factoring's fault, or is that what happens when you pick the wrong company and skip the fine print?Almost always? The fine print.The 36% Math — And the Part It Leaves OutThere's a LinkedIn post from Scott Reiser that gets passed around trucking circles pretty regularly. The math in it is straight: if you pay 3% to get your money 30 days earlier than normal terms, you're effectively borrowing at 36% per year. His verdict — factoring is a payday loan for trucking companies, nothing more.The numbers aren't wrong. But Ivan Martinez pushed back hard on what those numbers don't include.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info