Do you know truck factoring with resources and without resources?

Do you know truck factoring with resources and without resources? There are two factoring functions, between the assignor and the debtor:

Do you know truck factoring with resources and without resources?

There are two truck factoring functions, between the assignor and the debtor:

truck Factoring with recourse: in the event that the debtor does not pay the invoice, the transferor must respond to the financial institution.

Non-recourse factoring: the transferor is exempt from liability if the debtor does not pay the invoice.

Factoring with notification: as its name says, it is pending whether or not the assignment of

the collection right to the debtor is notified or not.

When the notice occurs, the company – the debtor – would be obliged to pay the bank according to the agreed terms.

Truck Factoring without notification: if it is not reported that a factoring service has been contracted, the debtor party – will pay the outstanding amount of the invoice,

the assignor would have the obligation to pay the total to the savings bank.

Our priority is to get your money fast and increase the amount of cargo you transport.

The collection of your invoices is done in advance, avoiding the risks of debt on the part of the suppliers. The company collects the invoice owed by the debtor in advance, losing a minimum percentage of the original amount in favor of the financial institution or bank that assumes the risk of non-payment.

Now that you know more about transportation factoring and how you can use it and take advantage of the benefits for your company, such as receiving cash almost immediately, you will be able to handle your next shipment and operating expenses, such as payroll, payments equipment, fuel, equipment payments, maintenance, 

licensing, taxes and more.

It is true that a commission is paid and it may not be the most appropriate resource in all cases, but it is clear that it is a great ally if your company needs solvency.