Non Recourse Freight Broker Factoring
Non-Recourse Factoring for Freight
Brokers
The non-recourse freight factoring facility is very much like the recourse facility, except the risk for nonpayment is on the factoring company, not on you. The freight factor purchases your invoices and freight bills under agreed terms but the freight factor takes all the risks in the event your customer does not pay. A non-recourse can also protect brokerages and carriers against bad debt should there are collection issues with any of their customers we are factoring. There are certain conditions to qualify for a non-recourse factoring facility including your personal credit and the credit standing of your customers.
FEATURES INCLUDE
- Advances on freight bills up to 95% (Minimum funding $250,000)
- Non-recourse factoring
- Affiliate network with resources to help fund most situations
- A simple application process
- Great freight factoring rates and terms
- Program adapts to your needs
- Availability as you grow
- Increase your customer base
- Free credit reports on your customers
- Your carriers are paid quickly
- Fuel advances (carriers)
- Comdata fuel cards
- Funding for established brokers and startups
- Freight bill invoicing and collections
- Complete online access to your account