Freight Factoring for Strong Cash Flow Truckers and owner-operators often bill their customers for 30 to 90 days to stay competitive. However, the delay in receiving payments can lead to cash flow issues, which is why trucking companies rely on freight factoring to maintain a strong cash flow. Factoring allows trucking companies to receive immediate cash by selling their invoices to a factoring company, and by doing so, they can cover operational expenses, invest in equipment, and ensure timely payment to their drivers. Advantages Our freight factoring product offers numerous advantages, including a non-recourse option, which means the factoring company assumes the risk of non-payment. We provide advances of up to 95%-98% to maximize your funding potential. Additionally, our fuel program offers guaranteed acceptance and provides fuel discounts at the pump across the US and Canada. No more waiting for your customers to pay. Plus many more account features and benefits. More Inf...
Freight factoring is a financial service that trucking and transportation companies use to improve their cash flow. It involves selling their accounts receivable, or unpaid invoices, to a third-party company known as a factor, which provides immediate cash to carriers on their unpaid invoices. This type of service allows trucking companies to access the funds they need to cover operational expenses, pay drivers, and invest in their business without waiting for customers to pay their invoices. By utilizing freight factoring, carriers can maintain a steady cash flow and ensure smooth operations. For more information about freight factoring, please contact us at any time.