Instapay Flexible LLC and its parent company Flexible Funding Ltd. Liability Co. are now under bankruptcy court protection. Both firms are considered alternative lenders. Instapay is a factoring firm that works with trucking clients. It provides clients with funding in exchange for their accounts receivable. Parent firm Flexible Funding is focused on asset-based lending.
sourcingjournal.com
Trucking Sector Factoring Firm Instapay Files for Bankruptcy
Instapay, which factors receivables for its trucking clients, said it expects to have funds available to pay its unsecured creditors.
sourcingjournal.com