What’s Freight Factoring?
Selling your unpaid invoices for immediate cash is called invoice factoring. Factoring provides 90-95% of the invoice value right away. The factor (Steelhead Finance) does the waiting for the payment. When the payment is finally made, the factor pays you the balance of your invoice (rebate) minus the factor fee.
Getting a quote for an Invoice Factoring Account makes sense if your business is new, lacks the credit to get a loan, or if you need billing and collections support.
With same day funding you’ll be able to address business expenses such as: payroll, repairs, taxes, new equipment, and materials. With invoice or freight factoring you’ll get Cash NOW for your invoices and you don’t have not have to wait and worry about when the check will arrive.
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