The Role of Credit Checks in Freight Factoring: How to Manage Your Risk

Saintjohncapital10 Apr, 2023Finance

Freight factoring is a financial strategy for businesses to expedite payment of their unpaid debts by offering outstanding invoices to a freight factoring company. Freight factoring company Saint John Capital specializes in freight factors and buys their outstanding invoices from you at a discount, usually between 80 and 90 percent of their face value.