Factoring is simply the purchase of your invoices. The object is to generate instant cash to operate your business.
Carriers factor their freight bills to eliminate the cash flow problem that is inherent in the business because of the time lag between the mailing of the freight bill and receipt of the payment. It is not unusual for this to be 30 to 45 days or more days and out-of-pocket operating expenses for this period can be substantial. There are many different types of factoring programs, and choosing the correct one for your business is an important decision.
We recommend TAFS factoring service. They are an excellent company they can eliminate your cash flow problem and help you grow your business. Please click the following image for more information about TAFS.