Make the Most of Your Investments
JAX Logistics LLC provides factoring services in Jacksonville, Florida, through JAX Factoring LLC. Factoring is an alternative means of investment for carriers interested in getting their businesses financed. Businesses factor their invoices when they sell them at a discount which provides capital back to the business. JAX Factors LLC makes factoring your freight bills easy with reliable and trusted service.
Factoring is not a loan and no debt is assumed through it. The funds are unrestricted, providing a company more flexibility than with a traditional bank loan. With JAX Factors as a factoring partner, you will be able to focus on running your business while we help manage your financing.
Factoring is a transaction in which a business sells its accounts receivable, or invoices, to a third-party commercial financial company, also known as a factor. This is done so that the business can receive cash more quickly than it would by waiting 30 to 60 days for a customer payment. Factoring is sometimes called accounts receivable financing.
The terms and nature of factoring can differ among various industries and financial services providers. Most factoring companies will purchase your invoices and advance you money within 24 hours. The advance rate can range from 80% to as much as 100% depending on the industry, your customers' credit histories, and other criteria.