How to Select the Best Factoring Company for Your Trucking Business?
Freight factoring is a financing method where trucking companies sell unbilled invoices in advance for cash, often referred to as a business loan. Factoring firms pay a percentage of the total invoice upfront, and when invoices are due, they receive their money back plus fees. Factoring companies should have a good reputation, experience, and ability to factor multiple invoices for long-term contracts.
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