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Factoring is an easy way to manage cash flow for your trucking company. We buy invoices for freight that you’ve already delivered, so it’s money that is advanced on accounts receivable. Freight factoring keeps the cash flowing so you can keep hauling.
How much do freight factoring companies make?
Freight factoring rates are typically charged as a percent of the load or invoice amount. Depending on the criteria above, the factoring company, and the services they offer, rates will usually range between 1% and 5%. Once the carrier has been onboarded, they will send their freight bill into the factoring company.