Open Contract Factoring
Factoring built around carrier choice, with no lock-ins, no penalties, and no pressure to stay.
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A relationship that doesn't rely on friction to keep you.
Open contract factoring means the factoring relationship is not built around forcing a carrier to stay. Instead of relying on fixed terms, reserve holdbacks, notice requirements, and exit penalties, the relationship continues because the open contract factoring service actually works.
At Smart Fleet Funding, open contract means exactly that — no strings attached to the fine print.
The friction is the problem, not the factoring.
Many carriers run into the same issues with factoring companies — long terms, auto-renewals, hidden fees, reserve holdbacks, and costly exit requirements.
That is why open-contract positioning matters. It removes friction from the relationship and gives carriers more control.
Carriers comparing options can see exactly how these costs stack up on our Factoring Rates & Fees page, which breaks down the fees to watch for before signing with any factoring company.
A true open contract, no exceptions.
We operate on a true open contract — no reserves, no termination fees, no lock-ins, and no notice requirements. If the relationship is not working, you can leave cleanly.
Nothing held back
Your funds aren't sitting behind a reserve account waiting to be released.
Leave without penalty
There's no bill waiting for you on the way out the door.
Stay because it works
No notice requirements — the relationship earns its place, every day.
It changes the tone of the relationship.
An open contract is not just a legal detail. When a factoring company cannot rely on contract friction to keep a carrier, pricing has to be clear, communication has to be direct, and the service has to earn the relationship every day.
More control, fewer surprises
Clear pricing and direct communication, without fine print working against you.
Cleaner exits, less pressure
Leaving is simple when the relationship isn't held together by penalties.
More confidence in the relationship
You stay because it works for your operation, not because you're locked in.
Open contract factoring FAQ
Yes, once the account is settled to $0 and all obligations are complete.
No.
No. Smart Fleet Funding states openly that it does not hold reserves.
Looking for factoring without the contract lock-in?
No fixed term. No notice period. No termination fees. No reserves.
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