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What is a factoring company in trucking? What is truck factoring? We have all in this article!
What is freight factoring?
Factoring trucking is a freight factoring broker or company helping a company by buying its invoices. It’s a financial service that helps streamline cash flow, leaving you free to handle other aspects of your business. The freight factoring definition is simple: freight factoring streamlines cash flow for transportation companies, allowing them to pay their expenses and grow their businesses.
What freight factoring services do we offer?
At Triumph Business Capital, we offer:
Credit checks (including online credit checks)
Invoicing and collections services
Online reporting
Data storage
Fuel discounts
Fuel advances
If you answer “YES” to these questions, you may need our services:
Do my customers take a long time to pay me?
what is freight factoring
Is a lack of cash flow negatively impacting my ability to grow my business?
Are slow-paying customers impacting my ability to pay my vendors on time?
Do I have issues related to my customers’ creditworthiness?
Do I know the broker/shipper will pay me before I take a load?
Am I spending valuable time making collection calls?
Call Triumph Business Capital for excellence at freight factoring today!
Website: https://www.invoicefactoring.com/factoring-blog/freight-factoring-101-how-does-freight-factoring-work/
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