Non-Recourse Debt Factoring
Get paid fast with trusted non-recourse freight debt factoring
Let Outgo, a DAT product, handle broker credit checks and customer collections while you focus on the road.
As a carrier or owner-operator, you might experience a lot of risks in your day-to-day business operations—from slow-paying customers to unexpected expenses. How can you keep your cash flow steady while protecting yourself from unpaid invoices?
Non-recourse freight factoring ensures you get paid quickly while protecting your business from the stress of unpaid invoices caused by customers going bankrupt or out of business. Unlike recourse factoring, where you’re responsible for customer non-payment, non-recourse debt factoring shifts that risk to the factoring company. This means you can improve how much cash you’re bringing in without worrying about collections. With non-recourse invoice factoring for trucking companies, you secure quick funding, cover essential costs like fuel and maintenance, and keep your business moving forward.
- Submit invoices, get paid fast with Outgo, a DAT product
- Reduce risk with a trusted non-recourse partner
- Get paid faster with non-recourse factoring for loads
Submit documents, get paid fast with Outgo, a DAT product
Partner with Outgo and get the cash flow you need to grow.
When it comes to non-recourse invoice factoring for trucking companies, Outgo, a DAT product, stands out from the competition. Its modern financial platform and state-of-the-art technology streamlines invoicing, allowing you to upload photos of load paperwork that will automatically be converted to invoices. Plus, you can track payments in real time, verify brokers fast, track the status of your invoice, and export invoice data for analysis.
Reduce risk with a trusted non-recourse partner
Skip the worry of tracking down customer payments with a non-recourse factoring business.
Choosing between recourse and non-recourse factoring comes down to risk. With most factoring services, carriers are still responsible for unpaid invoices—but not with non-recourse freight factoring from Outgo, a DAT product. Like other non-recourse factoring companies, Outgo absorbs the risk of nonpayment in the event of bankruptcy or a broker going out of business, ensuring you get paid without the hassle of chasing down customers. Protect your cash flow and reduce uncertainty by partnering with a non-recourse factoring company you can trust.
Get paid faster with non-recourse factoring for loads
Choose non-recourse factoring and enjoy the confidence that comes from knowing funds in the bank are yours to keep.
Waiting on slow-paying shippers can put a serious strain on your cash flow, but non-recourse invoice factoring for trucking companies ensures you get paid fast. Instead of waiting weeks (or even months) for customer payments, you can quickly turn your invoices into cash and keep your business running smoothly.
With non-recourse freight factoring, Outgo, a DAT product, pays you upfront for completed loads and takes on the risk of non-payment if a broker goes bankrupt or out of business. Unlike recourse factoring, where you could be forced to return funds if a customer doesn’t pay.
Think of non-recourse factoring as a way to take the hassle of unpaid invoices off your plate. Unlike recourse factoring, where you’re responsible if a customer doesn’t pay, a non-recourse factoring company absorbs that risk. Your factoring provider ensures that if a customer defaults because of bankruptcy or going out of business, your bottom line stays protected. To minimize risk, both recourse and non-recourse debt factoring companies carefully evaluate your customers’ credit profiles to help ensure you get paid in full and on time.
It typically depends on your business, and the volume of invoices you’ll have to factor each month. In almost every case, carriers with less than 5-8 trucks will benefit the most from the protections and services offered by a non-recourse program. With recourse factoring, you’re responsible if a customer fails to pay—meaning if an invoice goes unpaid after a set period (often 90 days), you may have to repay the factoring company. In contrast, non-recourse invoice factoring shifts much of that risk to the factoring provider.
With non-recourse freight factoring from Outgo, a DAT product—you get paid upfront, and Outgo assumes the risk if a customer doesn’t pay because it’s going out of business or is bankrupt. This proactive approach to risk management means you get fast, reliable cash flow without worrying about unpaid invoices.
The biggest benefit of non-recourse invoice factoring for trucking companies is protection from unpaid invoices. Unlike recourse factoring, where carriers are responsible if a customer doesn’t pay, non-recourse freight factoring shifts that risk to the factoring company. This ensures fast, reliable cash flow without worrying about bad debt.
The main downside is that non-recourse debt factoring typically comes with slightly higher fees than recourse factoring. However, for many truckers, the peace of mind and steady cash flow make it a worthwhile investment.
When it comes to the best non-recourse invoice factoring for trucking companies, Outgo, a DAT product, stands out as the industry leader. As a part of DAT, Outgo helps truckers get paid fast. Unlike some other factoring providers, Outgo offers transparent pricing, no hidden fees, and an easy-to-use platform for seamless invoice management.
With competitive rates and expert credit checks, they help carriers avoid the risks of unpaid invoices and financial setbacks, ensuring they have the funds to cover fuel, maintenance, and everyday expenses.
Yes, credit checks are a crucial part of factoring. However, recourse factoring companies are less at risk since you, as the carrier, assume some of the risk if a customer fails to pay. In contrast, the best non-recourse factoring companies take a deeper dive into your customers’ credit history to ensure they are financially stable and likely to pay on time. Since non-recourse freight factoring is widely used in the trucking industry, most brokers meet the necessary credit standards. Factoring providers actively avoid customers with financial red flags, reducing the risk of non-payment or potential bankruptcy.
Top non-recourse factoring companies make sure truckers can get the money they’re owed fast—often within 24 hours of submitting an invoice. With Outgo, customers get their money within 4 hours of invoice approval and 25% of invoices are factored in 15 minutes or less. Outgo’s platform lets you track invoices and payments in real time, eliminating the need for manual record-keeping. Payments are processed efficiently through ACH, wire transfers, instant transfers, and more.
Get paid fast, avoid risk with Outgo's non-recourse factoring
Every day on the road brings new challenges—don’t let slow payments and paperwork add to the stress. With non-recourse freight factoring from Outgo, a DAT product, you get paid fast with less risk of unpaid invoices.
Let Outgo handle collections while you focus on keeping your business moving. Sign up today and take control of your cash flow with non-recourse invoice factoring for trucking companies.
Outgo, a DAT product
- Invoices approved within 4 hours
- Low, transparent rates (no hidden fees)
- No annual contracts, no reserves