Invoice Funding
Invoice Funding
Get the cash you’ve already earned without the wait with invoice funding from Outgo, a DAT product.
Factoring services from Outgo, a DAT product, help you get the funds you need fast with flexible invoice funding programs that work for your business. You can get industry-leading funding speeds so there’s no delay in funds landing in your bank account, expedited funding via wire transfers, ACH in 1-3 days, or instant transfers as soon as your funding is approved.
- Eliminate gaps in your cash flow with invoice funding.
- Stop worrying about slow-paying customers.
- Get invoice funding services that work for your business.
Eliminate gaps in your cash flow with invoice funding.
Invoice factoring funding means you get paid within 4 hours for approved invoices, not 30 or 60 days after delivery.
Far too often, carriers and owner-operators feel like they’re playing catch up in the endless struggle to cover expenses while waiting to get paid for the work they’ve already done. These kinds of gaps in cash flow can lead to taking on loans.
With invoice funding, you can get the money you’ve already earned when you need it, instead of waiting months for your customers to pay. That way you can focus on your business and let invoice finance factoring take care of the rest.
Stop worrying about slow-paying customers.
Invoice funding means you don’t have to give up business opportunities just because you’re waiting to get paid.
When you don’t have cash available to run your business, you might have to give up great loads because you can’t cover the expenses, like fuel and maintenance, necessary to deliver them.
Invoice financing companies like Outgo, a DAT product, can help ensure you never have to make that sacrifice by offering invoice funding that puts the cash you’ve already earned into your hands without any loans.
Get invoice funding services that work for your business.
Trucking businesses aren’t one size fits all, and neither are factoring and invoice funding services.
Outgo, a DAT product, is designed to deliver fast, customized factoring funding that meets your specific business needs. When you get invoice funding through Outgo, its financial platform unlocks your ability to spend funds instantly, or you can choose ACH, or wire transfers.
Even better, with Outgo there are no monthly minimums or volume limits.
Invoice funding or invoice factoring is the process of selling your invoice for a trucking job to a third-party company that then pays you the value of the invoice (minus a small fee). That way you are no longer responsible for tracking down a customer for payment and you get the cash you already earned within 4 hours for approved invoices. It’s up to the invoice financing companies to then track down payment from the customer.
With recourse factoring, you remain financially responsible if your customer does not eventually pay the invoice. That means you will need to return the amount the factoring funding company paid you if the invoice is not filled by the customer.
Non-recourse factoring usually comes with a slightly higher fee than recourse factoring, but in return for that fee, the factoring company takes on more of the risk of a customer not paying.
The main benefit is that invoice funding gets you the money you already earned within 4 hours of invoice approval. That means eliminating cash flow problems and reducing the chances that you’ll have to turn freight down simply because you haven’t been paid for your last load yet.
Another benefit of factoring with Outgo, a DAT product, is that you get the freedom to be paid how you want and when you want. With no monthly minimums or volume limits, your business can grow and scale without worrying about additional credit extension or volume restrictions on a dedicated customer. That freedom means you can run your business on your terms with a factoring funding partner supporting you each step of the way.
The real answer is yes. Invoice funding is regulated and held to guidelines that protect our nation’s carriers. However, the quality of service provided, and the value your business receives from that service can vary widely. Some companies with hidden fees can make the process more expensive than originally promised. But if you factor with a trustworthy company like Outgo, a DAT product, the process is safe and transparent, with no hidden fees or monthly minimums. Outgo’s non-recourse factoring offering means you won’t even be held financially responsible if a customer goes out of business or declares bankruptcy. It’s a safe, powerful invoice funding option to help your business thrive.
Invoice funding costs are calculated as a percentage of each invoice. Typically that percentage is 2% or higher. In some cases, the percentage can seem appealingly low, but many invoice funding companies have additional, often hidden fees that make the cost of invoice funding go way up while still letting them advertise a nice, low rate.
Luckily, with Outgo, a DAT product, what you see is what you get. There are never any hidden fees or monthly minimums, so you can be confident when it comes to the cost of invoice funding.
If you’re looking for trustworthy invoice funding that offers good rates, flexibility, transparency, and honesty, there is no better choice than Outgo, a DAT product. With Outgo, you have the freedom to make invoice funding work for you. Your factorable funds are part of your spending power and can unlock savings based on how and when you factor. Plus, Outgo offers additional back-office solutions, automated invoicing, industry-leading funding speeds, and more to help your business succeed.
If you want to start getting factoring funding for your invoices, there’s no better choice than Outgo, a DAT product.
Start invoice funding today!
When you choose to get your invoice funding from Outgo, a DAT product, you’ll get the cash you need when you need it, backed by a company that delivers the transparency and trustworthiness you deserve.
Register with Outgo today to take control of how you get paid!
Outgo, a DAT product
- Invoices approved within 4 hours
- Low, transparent rates (no hidden fees)
- No annual contracts, no reserves