How Truck Factoring works

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How Truck Factoring Works
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Step 1
Company XYZ is short on cash to pay for fuel to
haul freights
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Step 2
But he has 5,000 in receivables due in 30 days
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Step 3
The company XYZ can sell those invoices to a
factoring company and can receive cash for them
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Step 3
The Factoring Company will advance up to 90 and
when the invoices are paid, factoring company
send the remaining 4-7 to XYZ Company.
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