Authority Express LLC

Authority Express LLC What is Factoring? Factoring is selling your trucking invoices for immediate cash. Instead of waiting 30-60 days for payment from your customers, you can use a factoring company to deposit the money within 24 hours. Giving you the... More

Authority Express LLC What is Factoring? Factoring is selling your trucking invoices for immediate cash. Instead of waiting 30-60 days for payment from your customers, you can use a factoring company to deposit the money within 24 hours. Giving you the working capital you need to keep fuel in your truck and all the other expenses paid. How Can it Help Me? With factoring, you never have to turn down a load because it doesn’t quick pay or have a fuel advance. You will always have the funds to be able to pick up the next load. Factoring companies handle your billing and collections, freeing up your time to run your business. What does it cost? Factoring fees usually range from 3% – 5%. Am I locked in a contract or are there costly requirements? With our partner, Integrity Factoring, there are no lengthy contract requirements. You are in a month to month contract. There are no fees or penalties for quitting factoring or changing to another factoring company. They also do not require that y Less