How Truck Invoice Factoring Improves Cash Flow

The truck invoice factoring is a way to enhance cash flow by resolving the timing difference between the shipment of the loads to the customer and the payment of the shipper. On trucking, fuel and payroll costs are paid immediately but the invoices can take between 30 and 60 days to clear. Truck invoice factoring is the solution to this issue, as it advances payment on the completed loads, which is usually in one or two days. Read more here: https://saintjohncapital.hashnode.dev/how-truck-invoice-factoring-improves-cash-flow?showSharer=true

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