Benefits Of Freight Factoring
Freight Factoring = Constant Cash Flow
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Benefits of freight factoring. Freight factoring, also known as trucking factoring, has many benefits. Firstly, it allows trucking and transportation companies to immediately access their cash after delivering and invoicing the load, eliminating the need to wait 30 to 90 days for customer payment.
It also gives carriers the option to revisit customers who were requesting credit terms, which can help the business grow.
Here are just a few of the advantages:
Quick and simple application
Non-recourse (the factor takes the risk)
Advances up to 98%
High-volume factoring (into the millions)
We work with startups
Manage account online 24/7
Track payments and collections
Free invoicing and collections
Free credit checks on your customers
Fuel program (guaranteed acceptance)
And more