How Does Freight Factoring Work? A Step-by-Step Guide for Truckers
Freight factoring helps trucking companies turn unpaid invoices into immediate cash. Instead of waiting 30+ days for payment, carriers sell invoices to a factoring company, which advances 85-98% of the value within 24-48 hours. This improves cash flow, covers expenses like fuel and salaries, and eliminates the need to chase payments, enabling truckers to focus on driving and deliveries.
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