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Factoring service
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Better options of Factoring Services for Trucking Companies
Truck factoring service — also known as freight factoring — allows carriers and owner-operators to turn unpaid invoices into cash. Essentially, a third-party freight factoring company for trucking will effectively buy those outstanding accounts receivable at an advance rate of usually 90% to 95% of the value and then collect on those unpaid invoices themselves.
Factoring in the trucking industry means someone else takes the risk of non-payment. For many trucking companies, even getting a discounted amount for invoices is well worth getting a freight factoring specialist for trucking companies since they have immediate funds with which they can pay overhead costs or even take on additional work to make more money.
The Benefits of Factoring for Trucking Companies
Swift capital upfront
A more reliable source of revenue
Better flexibility solutions in terms of income
Reduced risk as a better service
Trucking invoice factoring made easy
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