Stuck with the wrong factor? We’ll handle the switch.

Q: What is a factoring buyout?

A buyout is how you switch factoring companies without waiting out your current contract. Truckstop Factoring works directly with your current factor to close out your account and transition your outstanding invoices, so you can move to a rate and structure built around your business.

Q: What happens to my outstanding invoices during the switch?

As part of the buyout, we work to purchase your outstanding invoices from your current factor so you're not running two factoring relationships at once. Buyout terms vary by account and are subject to approval.

Q: Will there be any legal claim left on my invoices from my old factor?

Factoring companies place a lien on your invoices (sometimes called a UCC filing) to secure their position. As part of your buyout, we work directly with your current factor to release that lien so Truckstop Factoring can take over your invoices going forward.

Q: Are there fees involved in switching?

Every factoring contract is different, and some carry early termination fees. For qualifying accounts, we may be able to help offset those fees as part of the buyout, reviewed case by case with your buyout specialist. Subject to approval and terms.

Q: Do I need to notify my current factor myself?

Yes. Your current factor needs to hear directly from you that you're ending the relationship before we can start coordinating your buyout. We can't act on a report from someone else that you're leaving. Your buyout specialist will tell you exactly what to include in your notice and when to send it.

Q: How long does a buyout take?

It depends. Some of this is entirely in our hands; the rest depends on how quickly your current factor responds once they've been notified, and that can vary. Your buyout specialist will keep you updated throughout and flag anything that could affect your timeline.

Q: Does this work the same way for brokers as it does for carriers?

Yes. The process is the same whether you're a carrier or a broker. We coordinate with your current factor on your outstanding invoices either way, and your buyout specialist builds a plan around your business, not a one-size-fits-all script.

A rate built around your business, no annual contract, and a dedicated buyout team that manages the switch and keeps you posted every step of the way. You keep the freight moving. We do the heavy lifting.

Owner-operator reviewing a factoring statement at their desk

Why switch to Truckstop Factoring?

Switching is on us.

Our buyout team coordinates directly with your current factor, verifies your aging, and manages the paperwork end to end, so you’re not stuck chasing paperwork or waiting on hold.

A rate built around your business.

Two factoring paths, matched to how you actually run. Your rate reflects your operation, not a one-size-fits-all table.

Money in hand, faster.

Express Pay delivers funds in as little as five minutes for eligible customers, so you’re not waiting on the load you already delivered.

Get Started

Two factoring paths, matched to how you run.

Carrier

Non-recourse: built for owner-operators and small fleets

Dynamic pricing. Your rate improves as your volume grows or your invoice sizes increase.
No annual contract. No long-term lock-in to stay competitive.

Broker

Recourse: built for brokers and mid-to-large fleets

Priced around your cash flow. Your rate is set around when your shippers pay and when you want your carriers paid.
You choose what to factor. Fund the invoices you need, with no volume requirements and no obligation to factor every shipper.

How the buyout works

Switching sounds like a project. With us, it’s four steps, and we own most of them.

Share a few details

Tell us about your business, including your estimated monthly revenue, and send your current factor written notice that you’re ending the relationship. We’ll tell you exactly what to include. This is what starts your personalized buyout, not a generic quote.

We review your contract

Your buyout specialist confirms your notice is in, walks your current terms, and flags any early termination fees.

We handle the breakup

We coordinate the buyout with your current factor and send the agreement for everyone to sign. This step depends on how quickly your current factor responds. That part isn’t within our control.

Start factoring with Truckstop

Your new rate goes live, and you start funding invoices with faster access to your money.

Switching factoring partners sounds risky. Yeti Logistics did it fast, and their bottom line noticed.

18%

Reduction in factoring costs after switching

~$20K

Estimated annual savings

< 3 days

To switch factoring partners

“Based on our factoring expenses from last year, switching led to an 18 percent reduction in costs.”

James Dockery-Jackson, VP of Strategic Partnerships, Yeti Logistics

Ready for a factor that earns its keep?

Apply in minutes. We’ll guide you through the switch from here.

Start My Buyout

Buyout terms, rate, and fee coverage vary by account, current factoring agreement, and Truckstop Factoring’s underwriting review. Subject to approval and terms.

Frequently Asked Questions

A buyout is how you switch factoring companies without waiting out your current contract. Truckstop Factoring works directly with your current factor to close out your account and transition your outstanding invoices, so you can move to a rate and structure built around your business.

As part of the buyout, we work to purchase your outstanding invoices from your current factor so you’re not running two factoring relationships at once. Buyout terms vary by account and are subject to approval.

Factoring companies place a lien on your invoices (sometimes called a UCC filing) to secure their position. As part of your buyout, we work directly with your current factor to release that lien so Truckstop Factoring can take over your invoices going forward.

Every factoring contract is different, and some carry early termination fees. For qualifying accounts, we may be able to help offset those fees as part of the buyout, reviewed case by case with your buyout specialist. Subject to approval and terms.

Yes. Your current factor needs to hear directly from you that you’re ending the relationship before we can start coordinating your buyout. We can’t act on a report from someone else that you’re leaving. Your buyout specialist will tell you exactly what to include in your notice and when to send it.

It depends. Some of this is entirely in our hands; the rest depends on how quickly your current factor responds once they’ve been notified, and that can vary. Your buyout specialist will keep you updated throughout and flag anything that could affect your timeline.

Yes. The process is the same whether you’re a carrier or a broker. We coordinate with your current factor on your outstanding invoices either way, and your buyout specialist builds a plan around your business, not a one-size-fits-all script.