Freight factoring offers trucking companies the solutions they need for their invoice problems. You may be considering freight factoring for your fleet, but you might have a couple questions. Totally normal! In fact, lots of people aren’t quite sure what freight factoring is.

The good news is that Corporate Billing is always ready to answer questions about what we do, no matter how big or small. Here are the most frequently asked questions about freight factoring.

Question 1: What Is Recourse Freight Factoring?

Recourse factoring involves the assessment of new credit risks, the collection of overdue payments, and the maintenance of existing customers’ credit lines. Your cash flow has never looked so good with same-day funding on invoices received by 11:00 am, and thanks to our online monitoring software, there’s no guesswork about the status of your accounts receivables. We offer secure credit tools, too–everything from aging reports to collection tracking.

Question 2: Can My Small Trucking Business Benefit from Freight Factoring?

A fleet of any size can benefit from freight factoring. As soon as you’ve delivered your first load, you can utilize freight factoring. Just like a larger business, your company needs access to immediate working capital for daily operations–and Corporate Billing understands how important this is. Freight factoring relieves the pressure so you can focus on running your business smoothly.

Question 3: How Much Does It Cost?

Corporate Billing decides your rate on your monthly billing totals. So, there’s no overcharging or unfair costs. You pay based on your business’s toals every month. In addition to fair rates, Corporate Billing doesn’t charge additional or hidden fees, and there are no graduating penalties for slow paying accounts.

Is Corporate Billing the Right Choice for My Trucking Business?

With a variety of options, including fast and easy payments with cbCharge, Corporate Billing has the solutions your trucking business needs. If you’d like to learn more about factoring or any of our other resources, contact us today.