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Published on Dec 3, 2008
http://www.factormoney.com The cost of doing business with a truckfactoring company is the discount taken on the invoices submitted for funding. Fees range from 1-3 percent, depending on volume, credit-worthiness of customers sold and overall risk. Businesses choosing to maintain momentum, despite a lack of conventional financing options, find the cost of factoring is often offset by the increased revenue created. They also look to a future of managed growth and profitable performance that will bridge the gap to qualifying for bank financing.