Transportation Factoring Companies
Transportation Factoring Companies
With transportation factoring, you can get paid fast.
Transportation factoring companies help you get paid quickly and easily. As soon as you get your proof of delivery, you can submit it for cash. Factoring allows you to take care of your operating expenses right away — without waiting for customers to process your invoices or taking out loans to get the funds you need.
- Get paid within 4 hours of invoice approval.
- No more letting slow payments get in the way of your business’ success.
- Take control with competitive factoring free of long-term contracts.
Get paid within 4 hours for approved invoices.
With transportation factoring, you can keep moving without worrying about cash flow problems.
Having to wait 30 to 90 days to get paid for a completed job can put a real strain on your business — especially since your expenses keep coming whether or not you’ve been paid. Instead of managing your accounts receivable collection and cash flow on your own, you can sell your invoice to a factoring company for a small percentage off the top.
With transportation factoring, you can focus on delivering loads and covering expenses without worrying about when you’ll get paid.
No more letting slow payments get in the way of your business’ success.
Never turn down another load because you can’t afford the expenses.
When it comes to trucking, it takes money to make money. From the costs of fuel and truck repairs to driver salaries, there are many expenses that must be covered when you take on a load. If your customers take months to pay you for completed deliveries, you might find yourself needing to turn loads down simply because you don’t have cash on hand.
The truth is that slow-paying customers can stall your business operations as well as any plans for future growth. Whether you need cash for payroll, fuel, technology or equipment, bills, or any other expenses, transportation factoring can help you get it fast. You can choose how and when to factor your invoices, so you get the most savings.
Get competitive factoring with no long-term contracts.
Get cash when you need it by factoring with Outgo, a DAT product.
Outgo makes it as simple as possible to get paid for the freight you deliver. Its non-recourse factoring program offers competitive factoring rates, broker insights, automated invoicing, industry-leading funding speeds, and other tools to help you grow your business..
With Outgo, there’s no excessive wait period. After submitting your documents, you can access your funds within 4 hours of invoice approval. In fact, 25% of invoices are ready to factor in 15 minutes or less.
Factoring is the sale of invoices from the person or business that delivers a load to a transportation factoring company that pays the full value of that invoice minus a small percentage. That means that instead of having to wait to get your customer’s payment, the factoring company will issue payment within 4 hours for approved invoices.
Factoring isn’t lending — when a transportation factoring company buys your invoice, it belongs to them. It’s a way of getting cash for completed deliveries without having to get a loan.
Transportation factoring is completely reputable. Unfortunately, in the early days of factoring, a few companies were charging large fees and engaging in underhanded practices. This gave the whole practice of factoring a bad name. Luckily, a lot has changed since then, and factoring is now a widely accepted and trusted funding method across a variety of industries. There’s nothing scary about factoring — it’s simply a way of getting cash when you need it.
A respected transportation factoring leader, Outgo has modernized the way factoring is done through its next-generation financial platform.
While other transportation factoring companies make it hard to understand pricing or impose monthly minimums, hidden fees, and volume limitations, Outgo believes in the importance of transparency and straightforward factoring. With Outgo, you know exactly what prices to expect.
Any loads on the DAT One Load Board with a dollar sign can be factored through Outgo, and you can take on the job knowing you’ll receive payment within 4 hours of invoice approval.
Start factoring your invoices today!
Outgo, a DAT product, is the factoring partner that will give you transparent pricing, industry-leading funding speeds, automated invoicing, 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