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Le reverse factoring
Factoring is a financial service where a company sells its short-term receivables and immediately receives money in return, without waiting for the customer to. Read all about transport factoring here. ?Direct working capital for your business ?Always paid within 24 hours ?Fast, easy & flexible. Freight factoring can be best described as trucking companies selling unpaid invoices for cash, allowing them to get paid for work much more quickly.
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The first benefit directly impacts the second; a same-day cash flow means you have money to keep your business running! Solo owner-operators who are still in the startup or small business phase of their company can be a perfect fit for factoring freight bills. Invoice financing , also known as factoring, is a strategic process trucking companies use to get a cash advance on their outstanding payments. The good news is that invoice factoring can benefit businesses operating within this vast network.