Freight brokers can release the tied up cash in their unpaid invoices
Factoring unpaid invoices is one of the quickest ways for freight brokers to solve their cash flow problems
Freight brokers typically grant credit terms to their customers ranging from 30 to 90 days, this may cause the freight brokerage to have thousands of dollars tied up in unpaid credit-term invoices, which can affect cash flow and the overall operation of their business. However, you can fix that problem very quickly with freight factoring and have the cash locked away in unpaid invoices in just a few short days.
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