Different Types Of Factoring For Trucking Companies
Let's start with a birds eye view. There are two main types of factoring, recourse and non-recourse for trucking companies. The difference between the two methods is which party becomes financially responsible for an unpaid debt.
We will explain both methods to help you make a decision. If in any doubt feel free to call or email us and we will get you back on the road to a positive cash flow.
Here’s some more good news! Not all of your transactions have to be either recourse or non-recourse. You can decide which invoices or clients are recourse transactions and which are not. This keeps your factoring fees to a minimum while more money remains in your pocket.
We understand that, at first, factoring may be considered a big step, that’s why we offer a no obligation, telephone discussion, with free advice on your specific situation.
During the conversation we will answer and all questions about the factoring process as it pertains to your trucking company.
For more information on factoring for trucking companies please call us today 209-225-2852.
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