Freight Brokers Factoring

Thanks to Business Factors, exploring your freight brokers factoring options has never been easier. Whatever your factoring needs, we will work with you to provide the factoring options that meet the individual needs of your brokerage. If you are new to the industry, you may not know exactly what factoring is and how it can benefit your business. This page will help to answer some of the most FAQ when it comes to factoring for freight brokers and the factoring services that we offer.

What Is Factoring?

Factoring involves the purchasing of accounts receivable for cash that can be used immediately to help your business grow. When properly managed, factoring for freight brokers allows you to expand your inventory by purchasing raw materials in bulk, and puts you in touch with our team of financial advisors and experts who can help you manage your money, and your business.

Which Types Of Factoring Services Does Business Factors Offer?
Two of our most popular options are invoice factoring and accounting receivables factoring. To learn more about these and other factoring options for your small business, contact us today for a free, no obligation consultation and quote.

• Freight Brokers Invoice Factoring: This type of factoring can be integrated into your business to provide you with a stable cash flow, by allowing you to receive an advance on your client invoices instantly. We advance you a certain percentage of the total invoice amount, and then are repaid by your clients. Invoice factoring is very affordable, with rates based on the size of the transaction and the credit reliability of your clients.

• Freight Brokers Accountings Receivables Factoring: This involves the selling of outstanding invoices and/or receivables to a company like Business Factors, which then assumes the risk on these receivables and gives you instant cash for your business. There are many benefits associated with this type of factoring, including the ability to focus your resources on activities more productive than accounts receivable activities, the freeing up of working capital that might otherwise be tied up in inventory, and quick financing that does not require tax statements or a business plan.

Ready to learn more more about freight brokers factoring services from Business Factors? Contact us today and let one of our qualified specialists walk you through the factoring process and help make your freight brokerage a success.