Factoring Large Trucking Companies

(By Blog Contributor)

Is it really becoming more difficult for the larger trucking companies to factor?  A lot of the national factoring companies are limited on advances to $2,000,000 - $3,000,000, unless of course, you're a bank, but then you are going to face the bank's qualifying criteria, which may make it difficult for the struggling carrier to qualify.

Actually, it is not that bad, we found that there are many factoring companies that are advancing as much as $10,000,000, and although qualifying criteria get's tighter on higher advances, the focus still remains on the credit worthiness of the customer, so larger carriers and those that are struggling should not have a problem finding a reliable factor.