https://www.interstatecapital.com/how-to-benefit-from-freight-factoring-companies/#
Let’s take a look at factoring in action. Say a trucking company delivers a load for a shipper that negotiated 60-day payment terms. Yet the trucking company owner can’t wait two months to pay the driver of the truck, the fuel bill for the diesel used to deliver that load, and other fixed costs. The trucking company owner decides to factor that shipper’s invoice to get paid now instead of waiting two months. Visit our website for more information: www.interstatecapital.com
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