Better Factoring Services for Trucking Companies

Running a business, especially a small or startup operation, presents its own set of challenges. Maintaining a steady cash flow is crucial, and unpaid invoices can severely disrupt your operations, impacting everything from payroll to rent.

At Markhor Global LLC Dispatch, we understand these challenges, which is why we’ve partnered with leading factoring companies to offer you factoring services that can transform the way you manage your business.

What is Freight Factoring?

Freight factoring, also known as truck factoring, allows carriers and owner-operators to convert unpaid invoices into immediate cash. Essentially, a third-party factoring company purchases your outstanding accounts receivable at an advance rate, typically between 80% and 90% of the invoice value, and then handles the collection of those invoices.

Why Consider Truck Factoring Services?

By using a truck factoring service, you shift the risk of non-payment to someone else. For many trucking companies, even receiving a discounted amount for invoices is worthwhile, as it provides immediate funds to cover overhead costs and seize additional opportunities. This means you can maintain smooth operations and focus on growing your business without the stress of waiting for payments.