Freight Factoring: Helps in Difficult Times

Freight Factoring: Helps in Difficult Times

Dedicated Account Managers and regular credit checks are two great qualities to find in a factor; however, one thing that truly sets factoring companies apart is their ability to be flexible.

In a perfect world, there would never be problems within a client’s company or their customer base; however, that is often not the case. Even the best of businesses run into issues from time to time. When financial difficulties arise, a good factoring company will work with their client to overcome critical expenses that are due and develop a suitable arrangement to repay.ke it difficult to stop factoring?

  • Does the factoring company require monthly minimums 
  • Does the factoring company identify credit limits before you sign the factoring agreement?
  • Does the factoring company wait until you have an agreement in principle prior to filing a UCC-1?

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