Qualifying for transportation factoring is simpler than traditional loans. Most factoring companies focus on the creditworthiness of your customers rather than your company's credit score. To qualify, your business must:
- Have outstanding invoices from reliable, creditworthy clients.
- Operate as a legitimate, registered business.
- Be able to provide proof of your delivered services (such as signed bills of lading).
- Unlike traditional financing, there are generally fewer requirements, making it an ideal solution for trucking companies needing fast and flexible funding.
