Factoring for Freight Forwarders
Freight Forwarding Factoring Services
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Freight Forward Factoring
Factoring is an effective solution for freight forwarders who invoice their customers and carriers under credit terms, typically ranging from 30 to 90 days.
This practice can lead to cash flow challenges; however, a factoring facility can help maintain cash flow, even with invoices that have payment terms of up to 90 days.
Avoid Customer Payment Delays
By utilizing a factoring facility, freight forwarders can avoid the delays associated with waiting up to 90 days for customer payments or the need to chase unpaid invoices.
Attract More Customers
Furthermore, they can expand their business by attracting more customers who require credit terms, which also enhances customer loyalty.
Basic Criteria
The freight forwarder must be an experienced, well-established company that meets the following criteria:
- In business for at least six months
- Minimum of $25,000 in open receivables
- Well-established client base
- Minimum of two customers to factor
- Active DOT/MC authority
More Information
For additional details about factoring for your freight forwarding company, please complete this simple form, and we will contact you shortly.