The Benefits of Factoring for Owner-Operators
Owner-operators in the trucking industry often face financial challenges, especially when it comes to managing cash flow and that’s where factoring can help. With expenses such as fuel, maintenance, insurance, and payroll to cover, waiting 30, 60, or even 90 days for customer payments can create financial strain. For small businesses, this gap in cash flow can hinder daily operations and long-term growth. Factoring offers an effective solution, providing immediate funds in exchange for outstanding invoices.
