All Choosing a factor Problems with a factor Renewing Leaving a factor Factoring costs Driver stories Choosing a factor
Spot factoring means you sell the invoice for one load, or a few, when you need the cash, and keep billing the rest yourself. There’s usually no long term and no monthly minimum. Before you use it, get the per-load fee, the advance, the…
Choosing a factor
Before you sign a factoring contract, find nine things: the term and renewal, the notice days, the exit fee, any minimum volume, which invoices you…
Choosing a factor
Yes, factoring for new authority works. Factoring companies lean on your brokers’ credit more than your history, so a new MC can be funded. The catch…
Choosing a factor
Non-recourse factoring, term by term
Choosing a factor
Freight factoring is when you sell your unpaid load invoices to a factoring company. Instead of waiting 30 to 60 days for the broker, you get most of…
Choosing a factor
There’s no single best factoring company for owner-operators. The best one is the factor that pays on time, holds a small reserve, lets you leave and…