Freight Load Factoring
Freight Load Factoring
Get the cash you need, precisely when you need it, with reliable freight load factoring.
Opt for a freight load factoring service, and you can access the cash you’ve earned swiftly. Outgo, a DAT product, provides timely payments, freeing you up to concentrate on the road ahead. Discover how our dependable and transparent factoring services can contribute to maximizing your company’s growth and financial success.
- Stop waiting on invoice payments with freight load factoring.
- Get flexibility at your fingertips with Outgo, a DAT product.
- Simplify your freight load invoices and other business services.
Stop waiting on invoice payments with freight load factoring.
Get paid faster with Outgo, a DAT product.
Dealing with delayed payments for completed work is frustrating, especially in the already complex world of freight transportation. Fortunately, Outgo’s freight load factoring provides a solution, ensuring quick access to the money you’ve earned, eliminating the wait of 30, 60, or 90 days for payment. With Outgo, you receive payment within 4 hours for approved invoices, allowing you to stay focused on the road ahead.
Get flexibility at your fingertips with Outgo, a DAT product.
You can access factoring that’s available when you need it with Outgo, a DAT product.
Outgo ensures swift payment within 4 hours for approved invoices and offers freight factoring services to fit any operation and size. Experience Outgo’s industry-leading funding speeds and stop wasting time waiting for payments.
Simplify your freight load invoices and other business services.
Don’t let unpaid truck load invoices keep you off the road. Get the cash you need when you need it.
For freight carriers, unpaid invoices can lead to less money for essential day-to-day expenses such as fuel and maintenance. When unexpected additional expenses arise, slow payments can leave you in a tight spot. However, by utilizing freight load factoring services, you can instantly access the payments you’ve already earned. The cost is just a small percentage of the invoice to the factoring company. Factoring allows you to alleviate stress and concentrate on the road ahead, rather than dwelling on the one behind you.
Truck load factoring involves the sale of a truck load invoice to load factoring companies, like Outgo, a DAT product. You are selling an invoice for work you have already completed, meaning that you’ve already earned the money you will receive through factoring — it isn’t a loan. With factoring, you get the money you earned right away instead of waiting 30, 60, or 90 days to get that cash from the source. The factoring company buys the invoice from you and gives you the value of the invoice right away (minus a small fee). It is then up to the factoring company to invoice your customer for payment and wait for them to pay. Once you’ve sold the invoice, the onus is no longer on you to collect payment.
Load factoring is a completely legitimate enterprise, however not all load factoring companies are created equal and some misrepresent their service in an attempt to increase sales, causing frustration among those who sign on with them. That’s why paying attention to the details and asking the right questions when considering a load factoring partner. Trustworthiness is not an issue with factoring companies in general, just with a few players in the space.
Don’t forget, the only way a factoring company can grow and succeed is if you, their client, also grows and succeeds, so their services should be focused on driving value and profitability in your business. Partnering with a company you already trust is also a good decision. We highly recommend Outgo, a DAT product, because we feel we can provide more value to your business than our competitors.
Load factoring costs vary from one invoice to another and are calculated as a percentage of your invoice. Rates are generally higher for new and small carriers, and lower for larger operations. Although that cost may appear very low, the rate you see isn’t always what you pay. Some factoring companies have additional (often hidden) fees on top of the base factoring percentage. By hiding those additional fees, the companies can advertise a lower upfront rate.
With Outgo, a DAT product, there are never any hidden fees, which means no surprises. The percentages you see are exactly what you’ll pay.
When you choose to partner with Outgo to factor loads, you are choosing to work with one of the most reliable and most trusted load factoring companies in the industry. In addition to competitive factor load fees and complete transparency around the load factoring process, Outgo also offers back-office solutions, automated invoicing, industry-leading funding speeds, and the ability to seamlessly track expenses, accounts receivable, and more.
Signing up with Outgo is easy, there are no fees to sign up and they do not require credit checks, so approval can usually occur the same day you apply. Load factoring is simple with Outgo — especially if you’re already using DAT’s industry-leading load board. DAT provides both freight-finding and factor load services, which means we’ve made it simple to find loads you can factor from anywhere.
After you sign up you can start factoring as soon as you are ready. We monitor the credit of the brokers you work with, so finding loads from approved customers is a breeze with integrated broker approval checks on the DAT Load Board, just look for the dollar sign and you are good to go!
Explore freight load factoring services today from Outgo, a DAT product!
Don’t let delayed payments slow you down. Seize control of your cash flow by trying our freight load factoring services today! With a seamless registration process and the assurance of quality service from DAT’s own factoring option, Outgo is your key to unlocking industry-leading funding speeds to access the funds you’ve already earned. Register now and streamline your financial journey!
Outgo, a DAT product
- Invoices approved within 4 hours
- Low, transparent rates (no hidden fees)
- No annual contracts, no reserves