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Transportation factoring

Factoring isn’t taught in most business colleges and it’s seldom mentioned in business plans, yet it’s an essential part of the American economy. Factoring takes place in almost every industry. cash4truckers deal exclusively with freight factors. http://www.cash4truckers.com/freight-factoring/what-is-transportation-factoring/

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Transportation factoring

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  1. Transportation Factoring: A resource to help trucking companies. It can be a consistent resource to alleviate a tight cash flow situations.

  2. A factor is a company that pays money for your invoices. Factoring is the sale/purchase of accounts receivable for a discounted price Factoring isn’t lending. The factor buys the invoices.

  3. Crown Factoring Crown and Tailgate come to terms. Tailgate has invoices worth $10,000. Crown buys those at a discount. Crown will provide money to tailgate based on tailgate’s invoices.

  4. For many truckers, factoring is often a good deal, but of course not always…. Whether you are a small trucking company, a start up trucking company just starting out on your own, or a freight broker, Advance Business Capital is the finest freight factoring financing solution on the web.

  5. Recourse factoring Recourse factoring is the sale/purchase of accounts receivable with the option of legal recourse in case of default. • Recourse factoring means the seller (the trucker) is liable for unpaid invoices. • Recourse factoring is usually an option for fleet operations.

  6. Non-course factoring Non-course factoring is the sale/purchase of accounts receivable without the option of legal recourse in case of default. • Non-recourse factoring means the seller (the trucker) is not liable for unpaid invoices. • Non-recourse is usually an option for owner-operators

  7. Freight broker A freight broker acts as intermediary between shipper and carrier. For this service, the broker is paid a percentage of the shipping fee. A freight broker plays an important role in the movement of cargo, as he or she works to determine the needs of a shipper and connects that shipper with a carrier willing to transport the items at an acceptable price.

  8. Brokers are the connectors between shippers and carriers • Brokers assume liability for freight delivery and payment • Brokers must be able to provide carriers with immediate payment • The great majority of brokers must have access to outside capital, which is usually provided by factoring companies

  9. If you have any questions about factoring services, feel free tocontact us: Address: Advance Business Capital LLC 701 Canyon Drive, Suite 105Coppell, Texas 75019 Phone (214) 513-9600 Toll Free (866) 414-9600 Facsimile (214) 269-8222 Website: http://www.cash4truckers.com

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