How does it work?
So, what is freight factoring? Simply, freight factoring is the sale of a company’s accounts receivable for immediate cash. Most companies have to pay bills faster than they can collect on their accounts receivable. This disrupts cash flow. So, if you expect to collect on several accounts receivable next week, but need cash today, factoring is a great option. Not only does factoring turn your trucking company’s invoices into cash in a day, it also takes care of collections and other back-office work for your company.
Here’s an example of successful freight factoring:
- You send your company invoice with back-up to CoreFund Capital, then we forward it to your customer
- CoreFund pays up to 95% of your invoice the same day
- CoreFund collects your invoice from your customer
- CoreFund collects a small fee for its services
Apply today and Get Funded
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