Originally published at: Understanding Factoring Contracts and Spotting the Traps - FreightWaves
For many small carriers and owner-operators, factoring can feel like a lifeline. You deliver a load today, and instead of waiting 30 to 45 days to get paid, your factoring company cuts you a check within 24 hours. Sounds like a no-brainer, right? But what many don’t realize is that the contract you sign with…