"CBAC is an exchange where factoring companies compete to purchase your unpaid invoices. Receive immediate quotes from over 30 finance companies."
In this post-recessionary economy, lenders have implemented incredibly stringent guidelines making it difficult to secure operating capital. For freight carriers, there is an alternative: freight factoring.
Factoring financing involves a factoring company purchasing a trucking company’s outstanding accounts receivable invoices at a reduced rate. Accounts receivable represent all of the debts owed to a company. In turn, the factoring company provides the sorely needed funds to the trucking business.
There are several advantages to freight factoring.