Becoming an Owner Operator: Invoice Factoring 101

Factoring Process Diagram

This week’s post aims to explain the benefit of factoring to an owner operator’s operation. Unfortunately, it only pertains to those who have chosen to operate under their own authority. However, it never hurts to take a read, especially if obtaining your own authority may be in your future. What is Factoring? According to the Business Dictionary, […]

Factoring vs. Accounts Receivable Financing

Invoice Factoring Image

Freight invoice factoring and accounts receivable financing are oftentimes considered to be one-and-the-same. However, slight differences exist between the two that could affect your business. Freight Invoice Factoring. When you factor, you are actually selling your invoice to a factoring company. This results in a three-part funding structure: 70 to 95 percent of the value […]