What is Freight Factoring and How Can it Help My Business?
Freight factoring (also known as: accounts receivable factoring or invoice factoring) is the process of selling your unpaid invoices to a factoring company. The factoring company then pays you immediately, and takes on the financial risk of waiting to be paid by your customer. The use of freight factoring is helpful by generating immediate cash – allowing you to focus on growing your company, not about getting paid.
Improve your cash flow, reduce your headaches, and meet current operating costs without incurring debt with PDM Financial freight factoring solutions.
Book and deliver your load.
Submit your paperwork to PDM. We even create your invoice for you!
Get Paid Fast
We approve and process paperwork same-day to get you funded immediately.