What is invoice factoring, watch if your thinking about it.
submitted by robinhood
on 02/16/16
1
What is invoice factoring as far as transportation or freight factoring is concerned. How does invoice factoring happen? What is Invoice Factoring? How does factoring work? For example let's say Ed's Trucking is short on cash to pay for fuel to haul freight. But he has $10,000 in recievables due in 30 days Ed can sell those invoices to a factoring company The factoring company will advance up to 90% Then after the invoices are paid, the factoring company sends Ed another 4-7% keeping the balance for their discount for buying the invoices and providing Ed with cash to keep running his business. For more invoice visit www.instantinvoicefactoring.com Receivable Factoring, Freight Invoice Factoring, Factoring Invoice
