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Category: Invoice funding

Six Reasons Successful Freight Broker Companies Use Factoring Service

Are you planning to invest in a transportation company? The success of this investment relies on your truck and the ability to maintain a strong financial flow. As you know, the top transportation factoring companies are the ideal financing option for your firm. But how do they do this?

A factoring company can help your trucking business bridge invoice payments gaps by offering advance business capital. The amount you receive can be as high as 90 percent of the invoice amount.

Engaging top transportation factoring companies allow you to get started right away. It eliminates the need to look for bank loans that taint your credit history. In fact, many savvy truckers recommend new transportation companies to partner with factoring companies. Doing this ensures you’re always set and ready whenever you need it.

So why is freight factoring

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