Factoring for Trucking Industry
Factoring for Trucking Industry
Get your invoices paid fast. It’s really that simple.
Factoring in the trucking industry allows you to get an advance on your invoices. Exchange your invoices for cash, and you’ll be able to take care of operating expenses without having to take on debt or wait 30-60 days to process your invoices.
- Get cash fast by factoring your invoices.
- No more waiting to pay your out-of-pocket costs.
- Take the stress out of meeting first-of-the-month commitments.
Get cash fast by factoring your invoices.
Factoring helps you stay on the road without having to worry about cash flow issues.
Working with a freight factoring company like Outgo, a DAT product, gets you paid within 4 hours for approved invoices. Keeping track of accounts receivable, collections, and cash flow can get complicated quickly, but invoice factoring makes things simple. For a small percentage of the total invoice, you can get paid quickly and get back to moving freight — all without having to take on debt to cover fuel, maintenance, and other expenses.
No more waiting to pay your out-of-pocket costs.
Avoid payroll issues and keep your commitments.
Some companies can take months to pay their invoices, but you can’t afford to wait. Keeping your revenue stream flush becomes a juggling act, one that’s especially serious for smaller operations that might not have a lot of extra cash on hand.
The advantage of factoring is that it frees you up from being dependent on timely customer payments. Outgo, a DAT product, pays you within 4 hours for approved invoices, giving you the capital to get back on the road right away. Factoring is a quick and easy way to take care of expenses now and avoid the hassle of waiting for payments to come in later.
Take the stress out of meeting first-of-the-month commitments.
Factoring in the trucking industry means you can quit worrying about making ends meet and get back to growing your business.
Outgo, a DAT product, doesn’t require long-term contracts for factoring. Also, rather than automatically factoring all of your invoices immediately, your funds are available for you to spend on demand. Outgo backs up its services with a dedicated support team that’s there if you need it. Combine that support with a financial platform that saves you time and money, and you’ll be able to reduce your operational overhead, make more secure decisions, and continue to succeed.
Factoring is the sale of accounts receivable to a factoring company like Outgo, a DAT product. This means carriers receive payment in advance, not months down the line. It’s not a loan or a business overdraft, either — the factoring company is paying you the money that you’re already owed, minus a small fee. Factoring companies for the trucking industry will advance you a percentage of your invoice, giving you immediately available funds in the manner of your choosing.
Absolutely! In the early days of factoring, some companies offered factoring services with astronomical fees, which is why the practice sometimes gets a bad rap. Nowadays, invoice factoring is a standard method of streamlining cash flow across multiple industries. Credit policies for small companies have become more restrictive in recent years, which has many looking for alternative ways to generate secure revenue while avoiding loans. Factoring is an easy way for many businesses to do this. If a factoring company is willing to pay out your invoices, it’s also a sign that you’re working with a reputable broker.
We did the research and acquired Outgo because it’s the most innovative factoring company in the trucking industry. Outgo has helped so many small and mid-sized businesses manage and improve their cash flows so they’re able to maintain strong relationships with their customers.
By adding the freight industry’s leader in funding speeds to the largest and most trusted freight marketplace, DAT has taken a big step in helping its clients factor their loads. Just look for the dollar sign next to the posted load, and you’ll be able to factor it with Outgo.
Start factoring your invoices today!
Outgo, a DAT product, will give you transparent pricing, industry-leading funding speeds, and peace of mind.
Register with Outgo today to control when and how you get paid!
Outgo, a DAT product
- Invoices approved within 4 hours
- Low, transparent rates (no hidden fees)
- No annual contracts, no reserves