Factoring companies can help small businesses bridge invoice payment gaps with upfront payments up to 90% of the original invoice. Businesses can, therefore, have money to keep their operations running. However, there is a catch. As much as commercial factoring companies play a crucial role in ensuring small businesses get immediate cash, you must hire…
Category: Factoring service for trucking
Eight Things To Consider Before Selecting A Truck Factoring Company
The Federal Motor Carrier Safety Administration says that approximately 5.9 commercial motor vehicle drivers operate in the US and nearly 12 million trucks, rail cars, trains and other vessels move goods over the transportation network. Trucks carry the largest share of freight by value, tons and ton-miles for shipments moving 750 miles or less. Rail…