Factoring vs. Accounts Receivable Financing
Freight invoice factoring and accounts receivable financing are oftentimes considered to be one-and-the-same. However, slight differences exist between the two that could affect your business. Freight Invoice Factoring. When you factor, you are actually selling your invoice to a factoring company. This results in a three-part funding structure: 70 to 95 percent of the value […]
Invoice Factoring and Transportation Businesses
According to the Business Dictionary, invoice factoring is the selling of invoices to a third party company to improve cash flow. When a business uses invoice factoring, they benefit through an immediate boost to cash flow, while at the same time eliminating the back office support needed to manage the accounts receivable process. How it Works […]