What Is Trucking Factoring?
Cash Flow Solutions for Unpaid Invoices
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What's trucking factoring? Truckers, who issue invoices to their customers on credit terms of 30-to-90 days, find trucking factoring, also known as freight bill factoring, as a necessary funding option.
It essentially buys your account receivables, freight bills, and unpaid invoices, typically providing you with cash within 24 hours of delivering the load and issuing your invoices.
Carriers are extending credit to their customers in order to remain competitive, but in many cases, this can lead to cash problems due to unpaid invoices.
Trucking factoring provides a solution for positive cash flow and peace of mind. Click for more information about how trucking factoring can help your carrier with cash flow.