So, why invoice factoring? I mean the banks all of have solutions: lines of credit, loans and more, right? For many, the interest rates of banks can take a real bite into your income, along with the longer processing times to have funds issued to you. If the bank even approves you, it can take months. Freight factoring has put bank loans to rest so you can stay actively afloat and be profitable, without relying on your biggest client’s regular payments. And what about all of the paperwork for funding? Credit checks, a history of banking information and more? A thing of the past with invoice factoring, and here are a few more reasons freight factoring could be your best cash-flow solution:
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