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FACTORING

Discover the Power of Invoice Factoring with Herndon's Logistics Freight

Curious about the concept of invoice factoring and how it can benefit your business?

 

Let us shed light on this financial solution and show you how Herndon's Logistics Freight can help.

Invoice factoring involves selling your accounts receivable, or invoices, to a reputable factoring company like Herndon's Logistics Freight, with a small discount applied.

 

By assessing the creditworthiness of your customers, we can provide an advance of up to 100 percent of the invoice amount, generating the much-needed cash flow for your business.Under a recourse factoring agreement, we typically offer a full 100 percent advance, while transportation companies opting for a non-recourse factoring agreement can expect advances ranging from 90% to 97%. For businesses in a factoring agreement, advances of up to 95% are common.

Once your customer settles the invoice, we remit the remaining balance to your business after deducting a fee. This eliminates the burden of waiting for extended periods, ranging from 30 to 120 days or more, to receive payment from your customers. With Herndon's Logistics Freight, your invoices can be funded within a remarkably short span of 24 to 48 hours.

Don't have a designated factoring arrangement yet? Don't worry. We're here at Herndon's Logistics Freight to provide a comprehensive understanding of how invoice factoring works. Reach out to us today and let us address any queries or concerns you may have. We are eager to assist you in getting started and look forward to hearing from you soon!

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