Freight & Trucking Factoring
Welcome to our comprehensive guide on freight & trucking factoring. Whether you are looking to improve cash flow or fund expansion, understanding the mechanics of freight & trucking factoring is crucial.
How It Works
In freight & trucking factoring, the advance rates and fee structures are specifically tailored to the nuances of your industry. Factoring companies evaluate the creditworthiness of your clients rather than your personal credit history.
Typical Terms & Rates
Advances for freight & trucking factoring typically range from 80% to 95%. The factoring fee or discount rate usually falls between 1% and 4% for a 30-day period.