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Freight Factoring is a financial arrangement in which a transportation company sells its accounts receivable to a factoring company at a discount to access immediate cash flow.
Payroll Factoring is a financial practice where a business can secure immediate funding by selling its outstanding accounts receivable to a factoring company, ensuring that employees are paid on time without waiting for customer payments.
Purchase Order Financing is a financial arrangement where a company obtains the necessary funds to fulfill a customer’s order by leveraging the purchase order as collateral, allowing for the procurement and delivery of goods without immediate payment.
