What is factoring?

Quite simply, factoring is a way for businesses to acquire the accounts receivables payments that are owed to them faster, so they don’t have to wait long periods of time to be reimbursed. For a small fee, our factoring company Thunder Funding will give your business a cash advance in order to guarantee that you have sufficient cash flow as you wait. To this end, factoring is similar to the way a credit facility lends a company money, but without the need for collateral. For the trucking and freight industry, this means that trucking companies will no longer have to bear the burden of front-loading fixed costs over a lengthy duration. With an immediate cash advance from Thunder Funding, your business can operate at full strength.

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