What is Freight Factoring
Freight factoring is when a carrier sells the invoice for a load they've hauled in order to get cash immediately, instead of waiting however many days it’ll take for a broker to pay. The factoring company will take a percentage of the invoice as a fee, but factoring is one of the most common ways that trucking companies improve their cash flow, especially new carriers that have recently incurred a ton of startup expenses.
To Receive more information in regards to factoring please fill out your info here www.BumbleBeeDispatch.com/Factoring and a representative will contact you
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