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FREIGHT FACTORING: What is Factoring?

Freight factoring is a convenient and reliable way to get paid for your freight bills now.

Instead of waiting several weeks or months to be paid by your customers or brokers, factoring is a way to get paid immediately. Freight factoring is a smart solution to manage your cash flow and cover your expenses today so you can move onto your next load. The factoring company (sometimes called the factor) makes this possible by paying you for your invoices right away, then collecting payment for those freight bills from your customer or broker later - for a fee. Since factoring is not a loan, you don't have to worry that you are - creating debt - for your business.

What is Freight Factoring?