Over the last several years, invoice factoring has gained significant popularity as a means of growing trucking and transportation companies. Customers often take an inordinate amount of time to pay outstanding invoices, and some can take as much is three months to pay you for work that cost you upfront in fuel and payroll costs. Invoice factoring — also known as freight factoring — has become a go-to financial resource for trucking companies of all sizes, because it allows them to turn outstanding invoices into immediate cash. However, not every factor is the same, and it pays to do some research before entering into a partnership with a freight factoring company. [Read more…] about Understanding Invoice Factoring