A factoring company can be instrumental to the success of the freight brokerage owner.
In this video you'll learn...
1. What is a factoring company
2. How brokers use factoring companies
3. 5 questions you should consider asking your factoring company representative prior to set-up.
a.) Application fee?
b.) Finance charge?
c.) Do I have to factor 100% of invoices?
d.) How long is the contract?
e.) How does the exit clause work?
BONUS: How do I pay lumpers or fuel advances?
Brokers pay lunmpers and fuel advances through the factoring company by getting set up with a company like EFS (Electronic Funding Source.) Ask the factoring company representative how to get setup...
Enjoy...
See you at the top because the bottom is much too crowded!
[ Ссылка ]
