There are many businesses that outlay cash in advance of getting paid. One of the most cash flow strapped businesses is the trucking industry. Even though freight companies usually operate with significant profit margins, they have a substantial amount of cash outlay to deliver goods. Expenses include truck repairs, fuel, and even rentals; and no amount of profit helps when you are still waiting to get paid. … [Read more...]
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What is Freight Bill Factoring?
April 1, 2009 Filed Under: Factoring 101 Tagged With: discount trucking invoices, factor truck invoice, financing for trucking business, transportation factoring, trucking factoring, What is Freight Bill Factoring