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Showing posts from August, 2013

Funding Off Copies

It has been the industry standard for trucking factors to fund their customers only after receiving original invoices, some factors however, realized that funding off copies would expedite the funding process for the trucker, as well as giving the trucker a more convenient method to submit invoices. The factors that are funding off copies may require the debtor's acceptance, and the trucker must submit the originals as soon as possible. This is obviously a more efficient process, which allows for quicker funding and conveniences to the trucker who is always running on a very tight schedule. However,  when submitting the original invoice to the factoring company it is important to keep in mind that it matches the copy originally sent to the factor, otherwise, it could affect your factoring costs and lose the funding off copies privileges.