Freight Factoring Companies
Freight Factoring Companies
Freight Factoring helps you cover your expenses.
Transporting freight is already complicated. On top of ensuring your deliveries make it on time, you have the added responsibility of managing cash flow that is often slow or unpredictable.
Choosing freight factoring lets you worry less by eliminating long wait times on payments for load deliveries.
- No more gaps in your cash flow.
- Freight factoring services that work for your business.
- Simplified workloads and other business services.
No more gaps in your cash flow.
Turn unpaid invoices into immediate cash. With freight factoring, you get the funds you need in hours, not weeks, so your business keeps moving.
Freight factoring means not waiting to get paid 30 or even 60 days after a delivery. Instead, payments arrive in 24 hours or less, with some factoring companies providing funding within 4 hours of approved invoices, and in some cases just minutes.
If it feels like you’re always playing catch up, you’re not alone. It’s the eternal struggle in trucking — you have to pay your expenses, but it could be months before customers process invoices. This creates a gap in cash flow, and can lead to taking on debt.
The good news is that with invoice factoring, you can pay your expenses on time and avoid waiting the 30 to 60 days (or more) that it can take to get paid. You have more important things to worry about, so let freight factoring take cash flow concerns off your plate.
Freight factoring services that work for your business.
Financial fixes aren’t one size fits all.
Factoring services provided by Outgo, a DAT product, help you get the funds you need fast with freight factoring that works for your business. When they buy your invoices, you get funding through your Outgo account, or via wire transfer, or ACH.
With freight factoring services from Outgo, a DAT product, there are no monthly minimums or volume limits, so you can factor on your own terms. That freedom makes Outgo a great fit for smaller operations as well as larger trucking businesses. If you’re looking for non-recourse factoring or you simply need a way to get cash quickly without taking on debt, Outgo has freight factoring to satisfy your company’s needs and help you grow your business.
Simplified workloads and other business services.
Go beyond factoring with automated invoicing and back-office services from Outgo, a DAT product.
Getting paid on time is an important part of trucking, but it’s far from the only element of running a successful trucking business. Outgo’s factoring program helps you get paid fast, but the platform also has other services that can help elevate your business as well. Outgo’s modern financial platform enables you to handle all your cash flow and back-office needs. It also allows you to browse brokers and review their risk rating, support, contact information, and more.
All these benefits and more are the reason why DAT offers factoring through Outgo. The DAT One Load Board, the largest trucking database in the industry, gives you all the information you need to find the best loads available and minimize deadhead mileage. Plus, any load you see on DAT with the dollar sign means the broker is approved to be factored with Outgo, meaning you’ll know if you can factor a load before you even pick it up!
"Outgo is so easy to work with! You can upload documents anytime during the day and the loads are factored within four business hours. Most of the time they get our loads factored in minutes."
- Richard Wagner
"The speed at which Outgo Inc. processes payments has been a game-changer for us. We no longer worry about long delays, and it’s refreshing to have funds available almost immediately after submitting our invoices."
- Rome Transportation LLC
Start factoring today!
Partnering with Outgo 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