What Is Freight Bill Factoring?
A Funding Option to Maintain Positive Cash Flow
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What is freight bill factoring? Freight bill factoring is the purchase by a freight factoring company of your trucking company's accounts receivable/freight bills. It provides peace of mind when invoicing customers on 30- to 90-day terms.
Freight bill factoring, also known as trucking factoring, can help truckers with cash flow when cash is tight due to outstanding and unpaid invoices.
No more waiting 30 to 90 days to get paid by your customers; sell your freight bills/invoices to a freight factoring company; and have access to your cash right after load delivery.
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