Invoice factoring is a business loan alternative that lets businesses sell their invoices to a third-party factoring company for a portion of the invoices upfront.

The factoring company sends you the remaining balance, minus fees. Now that your customer has paid, the factoring company will send you the remaining 15% of the invoice amount, or $1,500, minus ...

Another non-recourse factoring company is OTR Solutions, which offers factoring for trucking companies on net-30, -60, and -90 day invoices, as quickly as the same day.

Business How load factoring companies’ diverse services help some fleets grow Todd Dills Jun 18, 2020 Updated Jan 29, 2021 ...

Factoring certainly should not be dismissed without careful consideration because in addition to offering quick cash, factoring provides expertise in cash flow and credit management that is often ...

Factoring extends innovative QuickPay program to non-Convoy loads and introduces new fuel card to help carriers save an industry-leading $19,000 a year in operating costs.

Affiliation offers factoring organizations access to award-winning iLien suite of lien management tools March 23, 2022 09:00 AM Eastern Daylight Time ...

Egypt's MNT-Halan says Turkish acquisition to help expand consumer credit, factoring By Patrick Werr July 31, 202410:03 AM PDTUpdated July 31, 2024 ...

Factoring can produce immediate capital to allow you to expand the business to meet the demand. You would also be prepared to take advantage of opportunities that don’t come along all the time.