Find the right factoring company for your business with these tips.Finding the right factoring company for your business does not need to be difficult. Arm yourself with the right tools to help you succeed.

Freight Factoring Rate: Look at the Total Cost

Freight Factoring Rate: Look at the Total Cost Most people compare factoring companies by the factoring rate because that would seem to be the easiest point to understand. If you factor a $1,000 invoice and the factoring rate is 1.5% then you should receive $985, right? Sounds like a pretty [...]

By |2019-06-18T16:07:12-05:00January 14th, 2019|Factoring Tips, Trucking Business Tips|Comments Off on Freight Factoring Rate: Look at the Total Cost

Factoring vs. Quick Pay

Factoring vs Quick Pay In the trucking industry, customers typically wait 30-90 days after the load delivers to pay the trucking company. However, most companies can’t wait 3 months for a paycheck, especially when margins are so thin and there are immediate demands like fuel, tires, and truck maintenance. [...]

By |2019-04-04T18:37:09-05:00January 22nd, 2018|Factoring Tips, Trucking Business Tips|Comments Off on Factoring vs. Quick Pay

Recourse vs. Non-recourse Factoring: What is the difference?

Recourse vs. Non-Recourse Factoring: What is the difference? Factoring is when you sell your invoice to a third-party factor with the intent of having the factor pay you quickly for the invoice (minus the agreed-upon fees). Your invoice is then paid out by your client to the factoring company at [...]

By |2019-07-11T08:38:05-05:00November 14th, 2016|Factoring Tips, Trucking Business Tips|Comments Off on Recourse vs. Non-recourse Factoring: What is the difference?