Get a buyout from Outgo
Upgrade your factoring by switching to Outgo.
Rates as low as 1.0%
No annual contracts
Non-recourse
Instant access to funds
No reserves
Transparent pricing
Meet your Buyout Specialists
You’ve got questions, we’ve got answers, great rates, and anything else you need.
How it works
Meet with your Buyout Specialist
Connect with a member of our team.
Review your contract
Your Buyout Specialist will explain the terms of your contract and next steps to switch.
Get your rate
Just apply to Outgo while your Buyout Specialist gets your aging report.
Break up with your factor
Outgo will send a buyout agreement for all parties to sign.
Start factoring with Outgo
Enjoy your new great rate, automated invoicing, instant access to funds, and more.
How buyout pricing works
01
Outgo pays to end your contract
You can start factoring once Outgo buys the outstanding invoices from your prior factoring company and pays any breakup fees, if applicable.
02
Repay buyout costs
The cost of us covering any breakup fees with your prior factor will be pulled from your first invoice(s).
03
Enjoy your new Outgo rate
You can now benefit from your new Outgo rate and begin saving more of your hard-earned money.
FAQs
What is a buyout?
A way to get out of a factoring contract
This common industry practice enables you to terminate a factoring agreement with the help of a Buyout Specialist so you can switch to a new factor with better rates, tools, funding speeds, and shorter contracts. Outgo will purchase your outstanding invoices from the old factor so you can close that account.
How do I qualify for a buyout?
Your personal and business information, business standing, aging report, and your current contract will be reviewed to ensure you qualify.
How long would my contract be with an Outgo buyout?
Outgo requires just 15 days notice to end a standard factoring partnership. However, due to the costs of a buyout, the contract extends until Outgo has recouped those costs. This usually just takes a couple months, but larger buyouts can sometimes take longer.
How long does it take to break up with my old factor?
It depends on the contract terms with the company you’re being bought out from, but it's typically 1-2 weeks.
Are there any fees associated with brokers?
We don't charge customers for any fees related to a specific brokers, for example some factoring companies charge a Check Processing Fee if the broker pays via Check rather than ACH.