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, […]

Invoice Factoring and Transportation Businesses

Freight Invoice Factoring Image

According to the Business Dictionary, invoice factoring is the selling of invoices to a third party company to improve cash flow. When a business uses invoice factoring, they benefit through an immediate boost to cash flow, while at the same time eliminating the back office support needed to manage the accounts receivable process. How it […]