Trucking Factoring Services
Freight Factoring for Trucking Companies
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Trucking factoring services are ideal for trucking and transportation companies, carriers, and even startup truckers who invoice their customers on credit terms ranging from 30 to 90 days.
Extending credit has become the norm in the transportation industry; otherwise, it would be difficult to remain competitive.
The issue arises when a carrier extends credit on their freight bills for a period of 30 to 90 days, which can lead to a cash flow shortage for the carrier.
Consequently, factoring has become a common practice for many trucking and transportation companies.
For trucking companies, we offer a non-recourse trucking factoring option. This means that if the customer we are factoring for you doesn't pay, you don't bear the risk; instead, the factoring company bears the loss.
There are many other advantages and benefits. For more information, please contact us using this short form. We will get back to you shortly.