Costs involved in becoming a factoring client. Some factoring companies have no closing costs. Other factoring companies charge the cost as a percentage of the total factoring line amount. The…
An amount of money advanced to the client before the load has been delivered.
The percentage of the invoice that will be advanced to the client. This rate often varies between 70% and 95% of the gross invoice value.
Also known as A/R factoring, factoring or general factoring. Factoring designed specifically for trucking companies is referred to as freight factoring.