Factoring Service
Better options of Factoring Services for Trucking Companies
It’s challenging enough to operate a business — especially a small one or if you’re just starting out — and maintaining a reliable, steady cash flow can mean the difference between sinking or swimming. Unpaid invoices throw a huge wrench into the works, especially if you depend on the incoming funds for payroll or rent.
That’s why Devinity Dispatch has teamed up with professional factoring companies to provide our clients with factoring services that can make all the difference in the way they do business.
What is freight factoring?
Truck factoring service — also known as freight factoring — allows carriers and owner-operators to turn unpaid invoices into cash. Essentially, a third-party freight factoring company for trucking will effectively buy those outstanding accounts receivable at an advance rate of usually 80% to 90% of the value and then collect on those unpaid invoices themselves.
Why You Should Consider a Truck Factoring Service?
Why You Should Consider a Truck Factoring Service
Factoring in the trucking industry means someone else takes the risk of non-payment. For many trucking companies, even getting a discounted amount for invoices is well worth getting a freight factoring specialist for trucking companies since they have immediate funds with which they can pay overhead costs or even take on additional work to make more mon
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