Factoring in Trucking: Cash Flow Solution

Factoring: A Lifeline for Trucking Companies - This podcast episode delves into the financial tool of factoring, crucial for trucking businesses facing long payment delays. Factoring allows companies to sell unpaid invoices for immediate cash, aiding in bill payments and operational smoothness. With over 70% of trucking companies using it, factoring is vital in managing cash flow. The episode explores two types: recourse and non-recourse factoring, each with its own risk and cost implications, helping businesses choose based on their risk tolerance and budget.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.