Security Credit Corporation factoring allows your trucking company to have immediate cash on hand to manage operations more efficiently. You can increase working capital, reduce debt and reduce credit risk through factoring.
Generally, factoring converts the accounts receivable of your business into cash by assigning/selling those invoices to a factoring company, such as Security Credit Corporation, for a discount.
Your business immediately receives up to 90 percent of the accounts receivable, or invoices. The balance, less financier fees, is paid to your business after invoice payment is received and cleared by Security Credit Corporation.
Today, factoring services can be customized to include:
