Archive for May 1, 2019

What Factoring Companies Can Do

Written by Fred on . Posted in Freight broker companies, Freight factoring services, Invoice advance loan

The United States is home to an enormous manufacturing complex, producing goods as varied as furniture, cars, books, computer parts, and kids’ toys. But it’s not enough to merely produce those finished goods, or foodstuffs from farms. The United States is also home to a robust transportation network for delivering freight, and many carrier companies (most of them small) deliver these goods for their shipper customers. This is a big business and employs many Americans, and some 12 million trucks, planes, freight cars, and ships are available to transport all of these goods all year round. Carriers can do a lot of work, but sometimes, they need assistance with their cash flow while waiting for an invoice payment from their shipper customers. This is where freight factoring services such as Advance Business Capital and its peers come in. They provide freight capital factoring, an essential money lending service for many small carrier companies. How might invoice advance loaning work?