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Showing posts from April, 2014

A Bit About Freight Factoring

Factoring is one of the quickest methods for trucking and transportation companies to raise working capital. Used by almost every industry, factoring allow companies to raise the needed capital in just a few short days for expansion/growth, restructuring or survival. There is no need to wait 30-60-90 days for your customers to pay your invoices/freight bills, freight factoring advances monies to you on your outstanding invoices now.   Trucking factors can advance funds on freight bills very quickly, normally in a day or two after you contact them, and in some cases that same day. The factor then gets paid back when your customers pay in 30 to 90 days. Factoring is converting your freight bills/accounts receivables/invoices for cash, thus allowing your co