Freight factoring is a way for truckers to get paid for their work without having to wait for their customers to pay their invoices.
Often customers are late in paying their invoices, and truckers cannot afford to not get paid on time for their work. Choosing a truck factoring company can alleviate the stress caused by waiting for accounts to be fulfilled by purchasing your accounts receivable and advancing you up to 80% of an invoice.
Freight Factoring Benefits
- Saves you time with administrative duties, because after we purchase your receivables, we can take over the management of sending invoices to your customer. You are the one who decides which invoices you would like to sell to us; you are under no pressure to sell all of your invoices.
- Factoring is not a loan, and will therefore not harm your credit. In fact, factoring can help your credit because it allows you to pay your suppliers and creditors on time, giving you A-1 credit.
Are you interested in freight factoring?
Contact Northwest Capital, LLC at 419-885-0700 or here for more information.