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Recourse factoring. vs. Non-recourse factoring. Most common option. Requires the business owner or operator to shoulder the responsibility of unpaid invoices.
So if you have a $10,000 invoice with a factoring fee of 2 percent, you would owe a $200 factoring fee to the factoring company. Factoring fees can be fixed or tiered.
eCapital's financial services are aimed at small and medium-sized businesses in North America and the UK. [2] These include eCapital Connect, a platform for managing financial transactions, alongside services like Invoice Factoring, Freight Factoring for transportation companies, and Factoring for commercial entities, Asset-based lending, healthcare receivables financing, and Payroll Funding ...
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It has Canada's largest LTL business, [3] largest trucking fleet, [4] and in 2021 was ranked 6th in terms of revenue among both LTL and truckload North American carriers. [5] [6] Its trucking fleet consists of over 14,000 company-owned power units, nearly 10,000 owner-operator tractors, nearly 50,000 trailers and over 200 straight trucks. [7]
The discount rate is the fee a factoring company charges to provide the factoring service. Since a formal factoring transaction involves the outright purchase of the invoice, the discount rate is typically stated as a percentage of the face value of the invoices. For instance, a factoring company may charge 5% for an invoice due in 45 days.
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