Freight Bill Factoring -

Freight bill factoring is a financial service where trucking companies sell their unpaid invoices to a third-party "factor" to receive immediate cash, typically within , instead of waiting 30–90 days for customer payment . The Factoring Process

: The factor collects full payment from the broker/shipper, then releases the remaining balance (the "reserve") to you, minus their fee. Cost Breakdown Factoring Rates : Usually 1.5% to 5% per invoice. FREIGHT BILL FACTORING

: Send the invoice and BOL to the factoring company via their portal or app. Freight bill factoring is a financial service where

: Fees vary based on your monthly volume, customer creditworthiness, and whether the agreement is "Recourse" or "Non-Recourse". Common Extra Fees : Setup Fees : $0–$500. FREIGHT BILL FACTORING