Reported 3 days ago
Factoring contracts can provide quick cash flow for small carriers and owner-operators but may hide pitfalls that could impact long-term profitability and business flexibility. This article highlights key aspects of factoring agreements, including the differences between recourse and non-recourse factoring, potential hidden fees, and the importance of understanding evergreen clauses and UCC filings. It offers essential questions to ask before signing to ensure the contract aligns with your business needs.
Source: YAHOO