How Freight Factoring Companies Help Fleets Remain on the Road?
Freight factoring is a game-changer for owner-operators and small trucking fleets facing slow payments from brokers and shippers. Instead of waiting 30-90 days, trucking businesses can sell invoices to a factoring company and receive cash within 24 hours. This fast access to funds covers fuel, maintenance, and other expenses, keeping operations moving smoothly. Factoring also offers added benefits like credit checks, fuel discounts, and non-recourse options. It's not a loan-just early payment for work already done. For small businesses, freight factoring isn’t just about survival; it’s about growth, flexibility, and gaining financial control in a competitive industry.
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