Factoring

According to Investapedia: A factor is a financial intermediary that purchases receivables from a company. A factor is essentially a funding source that agrees to pay the company the value of the invoice less a discount for commission and fees. The factor advances most of the invoiced amount to the company immediately and the balance upon receipt of funds from the invoiced party. […]

Service Spotlight: Factoring-the dark world of financial acumen

Now, being in the trucking industry, you hear people speaking about factoring and the service companies that perform the financial task of factoring for the carriers; probably see 3-4 advertisements everyday in some shape or form looking for new customers for these providers on every magazine related to the trucking industry. However, the reality of […]