MoneyFactor offers factoring services to trucking companies that generate accounts receivables with credit worthy customers. MoneyFactor provides trucking companies funding on the strength of their customers. Freight factoring is a means for truckers to be paid for the work they have completed. MoneyFactor purchases trucking industry invoices at a discount and then funds the carriers for the receivables purchased.
Here are some of the benefits of trucking factoring:
- Unlock the money tied up in your invoices
- Obtain working capital for your business expansion
- Reduce risk of bad debt from outstanding invoices
- Ensure cash flow does not slow down your operations
- Utilize experienced personal account management