Factoring blogs

The average days outstanding for a trucking invoice is over 36 days. While most LTL and TL loads are paid within a 30-day period, some are paid in 90+ days. Brokers, fleet owners and owner operators need consistent cash flow to: Pay drivers Pay for gas Take advantage...

Factoring is a financial process in which a business sells its accounts receivable (invoices) to a third party (factoring company) at a discount. This allows the business to receive cash upfront for their outstanding invoices, rather than waiting for customers to pay....

Freight brokers are an essential part of running a smooth operation. They save you time and money by looking for available business opportunities and help you build relationships with new customers. But you will only experience these benefits if you partner with the...

Freight factoring has become an essential tool for businesses to survive in today’s market conditions. There are two types of factoring solutions – recourse and non-recourse factoring. While both solutions offer financial support for your business, they do have key...

Starting and growing a trucking business requires careful financial management. Many owner-operators and fleet owners find factoring to be an essential tool for managing cash flow. But there are some common misunderstandings about freight factoring that might cloud...

When it comes to maintaining a healthy cash flow for your trucking business, both factoring and quick pay can be valuable solutions. Although these two options may appear to be very similar, they do have key differences. Invoice Factoring is a financial agreement...

Running a trucking business offers the freedom and independence you’ve always dreamed of. But in today’s down market, it can feel almost impossible to hold on to those benefits or even stay afloat. Nearly every owner-operator and fleet owner has felt the pressure of...