Is there a reason I never hear anyone discussing invoice discounting, only factoring? From what I understand it's cheaper and ensures the shippers you work with never find out about your need of factoring, but you have to perform all the collection responsibilities that a factoring company would normally do. Thanks
Viability of Invoice Discounting?
Discussion in 'Freight Broker Forum' started by ElijahJohn1, Feb 6, 2019.
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Here's an article explaining:
Invoice discountingMidwest Trucker Thanks this. -
Guess that would do as your describing Elijah. I bet it would be pricey and risky but could accomplish what you want. It says in the article it’s best for highly profitable companies. Brokerages can be highly profitable but I’d say by and large the margins are fairly thin especially starting out with new customers that you had to get aggressive to get.ElijahJohn1 Thanks this.
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