Bill of Lading Factoring
Freight Bill Factoring for Bills of Lading
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Freight Factoring for Bill of Lading
Bill of lading freight factoring, also known as freight bill factoring, involves the purchase of accounts receivable or freight bills by a factoring company. Factoring enables a trucking or transportation company to receive cash shortly after delivering the freight and invoicing their customer.
Our freight bill factoring service is non-recourse, which means that the factoring company assumes the risk if any of the customers we are factoring for you do not pay. Additionally, we can fund up to 98% of your invoices, maximizing your funding potential.
Eliminate the Wait for Customer Payments
You can eliminate the waiting period of 15, 30, 60, or even 90 days for your customers to make payments, regardless of the credit terms you have extended to them. Furthermore, you can stop the hassle of pursuing unpaid invoices.
Are You Ready for Freight Factoring?
We offer a highly competitive freight bill factoring product that includes various benefits. Here are some key highlights:
A quick and straightforward application process that takes just a few minutes to complete.
Non-recourse freight factoring means that the financing company assumes the risk.
Advances of up to 98% are available, maximizing your funding potential.
High-volume freight factoring is available (in the millions).
We collaborate with startups.
Access your account online 24/7.
Receive personalized service from a dedicated account executive.
Monitor payments and collections effectively.
Enjoy free invoicing and collections services.
Obtain free credit checks for your customers to keep track of their credit status.
Participate in our fuel program with guaranteed acceptance.
And more.
More Information
If you would like more information about the benefits of bill of lading freight bill factoring, please complete this simple form. A freight factoring specialist will contact you shortly.