Freight Broker Factoring
Freight brokers have an important role with coordinating shipping services and motor carriers. Freight bill factoring is beneficial to freight brokers by selling accounts receivables to ensure that their carrier is paid. Since freight brokers build their business by working with shipping services and carriers, factoring can aid in the growth of their business by providing funds to carriers more quickly than waiting for invoices to be paid. Trust between carriers and freight brokers is gained when carriers know that brokers will pay them when needed, and in a timely manner. Factoring with Charter Capital will help freight brokers obtain and keep carriers and assist with maintaining and good credit score, benefiting shippers as well.