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How truck factoring works
1.
How Truck Factoring Works
2.
Step 1 Company XYZ is
short on cash to pay for fuel to haul freights
3.
Step 2 But he
has $5,000 in receivables due in 30 days
4.
Step 3 The company XYZ
can sell those invoices to a factoring company and can receive cash for them
5.
Step 3 The Factoring Company
will advance up to 90% and when the invoices are paid, factoring company send the remaining 4-7 % to XYZ Company.
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