Factoring

Factoring is a financial service where a business sells its accounts receivable to a third party at a discount to get immediate cash instead of waiting for customers to pay. In the context of freight, trucking companies use it to get paid quickly for their invoices.

Why it’s in the news: It is in the news as trucking companies face cash flow pressures and seek faster funding options, leading to discussions on its costs, requirements, and risks like chargebacks.

Latest on Factoring

• Freight Factoring: Why OTR Funds in 2 Minutes, Non-Recourse
• Credit vs Factoring in Trucking: It’s About Financial Fit
• Chargebacks in Trucking Factoring: What They Cost You
• Freight Factoring Requirements: What Trucking Companies Need to Qualify
• Freight Factoring Rates: How Much Does Factoring Really Cost?
• Demystifying Factoring: How It Can Become a Real Business Tool for Carriers

Connections

3 entities linked to Factoring across the news graph.