A trucking factoring service is a company that allows transportation companies to exchange your unpaid invoices with cash. The company often pays 80%-90% of the total invoice value upfront, then pays the remaining percentage after your customer pays up. This is after subtracting their small service fee. Most trucking factoring services check your debtor’s credit, […]
Day: September 29, 2019
4 Ways Invoice Factoring Can Improve Your Business Revenue Flow
Invoice factoring, also known as asset-based lending, refers to a financial transaction in which a business sells its invoice to invoice funding companies at a discount. As a small business owner, using invoice factoring can significantly improve your business financial status. For instance, a trucking firm can sell their unpaid invoices to a transportation factoring […]
