Benefits of Freight Factoring

Trucking is a backbone industry of the American economy. Freight of all types is hauled and delivered so that we can all have the goods we need.

Behind the scenes, trucking outfits face several challenges, not the least of which is ensuring that they get paid on time so that the company’s cash-flow picture remains solid. One way to ensure that this happens is to utilize a form of financing known as factoring.

Factoring in a Nutshell

Factoring is a form of financing by which one company buys unpaid invoices from another. The outfit that sells the invoices receives a speedy infusion of cash. The buyer of the invoices pays slightly less than face value for the invoices and hopes to make a profit by collecting 100% of the invoices’ value further down the road. By using freight factoring, you can stop worrying about getting paid, get immediate cash when hailing jobs are completed, and focus on booking more business. (Click Here To Learn More)