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How can we help?
What is Outgo's factoring rate?
Outgo's factoring rate is based on your monthly invoicing volume
When you apply to Outgo you'll be given a rate based on your monthly invoicing volume.
2.5% Factoring Rate for <$25,000 monthly invoicing volume
2.0% Factoring Rate for $25,000- $80,000 monthly invoicing volume
<2.0% Factoring Rate for $80,000+
You can lower your rate based on how you use the Outgo Platform.
Drop your factoring rate to 1.0% by
• 1.0% Factoring on purchases with the Outgo Card
• 1.0% Factoring when you wait till Day 30 to factor
Every quarter we will evaluate if the current tier is still applicable to your business.
Movement of tiers will never occur without an Outgo representative connecting with you for further discussion about your current max rate. We understand that businesses evolve over time; it's important to note that this assessment does not guarantee increase or decrease in your max rate. We are always willing to discuss business challenges and work together, as partners, to find the best solution.
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How soon will funds be deposited into my account?
You can access funds after you submit your Rate confirmation and Bill of lading are approved based on the broker’s status & eligibility.
Four hour funding qualifications
Broker is approved for factoring
Documents are submitted before 3pm EST / 12pm PST
You’ve previously worked with this broker on the Outgo platform
Within 2 business days
Approved brokers you haven’t worked with previously on the Outgo platform or if a rate verification is required.
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If the broker isn’t approved or the invoice isn’t eligible for factoring, funds will be deposited in your Checking account when the invoice is paid by the broker.
How do I reset my password?
Reset your password by
- Tap Sign in at Outgo.co or go directly to app.outgo.co
- Tap Forgot password?
- Enter your email address
- Tap continue
- Follow the instructions sent to your email.
How do I submit load documents?
To submit load documents in the Outgo iOS, Android or or our web application.
- Navigate to the Invoice tab
- Tap + New in the upper left hand corner
- Fill out the form and add all related documents
- Tap submit.
Our team will transcribe the load information, create, and send the invoice on your behalf.
If there are any issues, our team will reach out to you.
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