Description
Factoring can feel complicated, but knowing the right questions to ask can make a big difference.
Blaine Waugh, EVP of Factoring Operations at Triumph, joins me to break down common factoring questions from owner-operators and small carriers, including:
When is the right time to factor?
What’s the right factoring rate?
Recourse vs. non-recourse: what’s the difference?
What red flags should you watch for when booking a load or signing a factoring contract?
How can paperwork mistakes delay payment?
One important takeaway: half of the unpaid invoices Triumph sees that are delayed are due to missing paperwork.
Watch the full conversation for practical tips to help you better understand factoring, avoid common mistakes and keep your cash flow moving.
Learn more about Triumph Factoring: https://triumph.io/do-the-math/?utm_campaign=muthatrucker
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