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Factoring, also known as accounts receivable financing, has become a lifeline for many freight carriers and logistics providers. Instead of waiting 30, 60, or even 90 days to receive payment from customers, businesses can sell their unpaid invoices to a third-party company and receive cash almost immediately. This comprehensive guide will explain the mechanics, types, benefits, and qualification criteria of factoring for trucking and freight businesses, ensuring you understand how it can be leveraged as a strategic financing tool. Understanding Same
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