What is Freight Factoring?
Freight factoring is a means for truckers to be paid immediately for the work they have done whether or not the shipper they are working for pays on time. A freight bill factoring company like FactorLoads purchases trucking industry invoices at a discount and then funds the carriers for the receivables purchased. Many trucking companies rely on freight factoring because even in good economic times they cannot afford for their invoices to go unpaid for 30 to 45 days or more.
Description courtesy FactorLoads
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