The most challenging step in starting a trucking company is often the first step – getting started. However, this step can be difficult for many first-time trucking entrepreneurs. Everyone knows that the best business plan is useless unless you put it into action and implement it. This article helps you take on the six most […]
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Factoring for Staffing Companies (Payroll Financing)
Running a temporary staffing company can be very profitable. The current business environment favors outsourcing employees rather than hiring them. This situation creates an attractive opportunity for staffing agencies. However, running a successful staffing agency is challenging. One of their biggest challenges is making payroll on time. This problem affects small and growing staffing companies. […]
Using Invoice Factoring to Finance Startups
Summary: Finding the right source of financing for a startup is one of the most challenging tasks for founders. Guided by what they see in the popular media, founders often think that the best way to finance a company is with venture financing, angel financing, or a business loan. This is not the case. Few […]
Invoice Factoring Examples (With Complete Details)
Summary: This article offers two examples of how invoice factoring transactions work. It helps you understand how the account is funded, how fees are charged, and how the transaction is settled. The article covers the following subjects: 1. What is invoice factoring? Factoring is a tool that helps companies that have cash flow problems due […]
Is Invoice Factoring Better Than a Business Cash Advance?
In recent years, a type of Merchant Cash Advance known as a Business Cash Advance has been gaining popularity as a way to finance small businesses. Often, companies compare business cash advances against other products, such as factoring and purchase order financing, to determine which offers the best solution to their problems. This article compares […]
Selling Accounts Receivable to Obtain Short-Term Funds
Summary: Companies experience short-term cash flow problems every so often. It is a common business problem that can happen due to sudden growth, large clients paying slowly, or other reasons. The typical approach to solving this problem is to get a loan. However, loans and lines of credit aren’t always the best solution. Qualifying for […]
Selling Accounts Receivable to Finance Your Business
Companies experience cash flow problems at one point or another. These issues are common in small companies and in companies that are growing quickly. Cash flow problems can usually be fixed using the correct type of financing. However, getting a bank loan or a line of credit remains out of reach for many small and […]
12 Hot Shot Load Boards
The market for hot shot loads is very competitive. These loads can bring higher rates but are time-sensitive. Due to the nature of the business, owner-operators must heavily rely on load boards. Load boards can be essential to growing your business and securing loads for the return trip. In this article, we cover the following: […]
10 Load Boards for Car Haulers
If used correctly, load boards can be a helpful tool for auto transport companies. They can help car haulers get started and avoid deadhead trips. The problem is that many owner operators use them too often. Relying solely on load boards is not a good long-term strategy and can lead to losses. In the article, […]
Asset-Based Lending Basics
Summary: Asset-based lending is a type of financing that allows a company to leverage its assets. It provides revolving lines of credit and term loans depending on the assets used as collateral. Asset-based lending is common among smaller middle-market companies that need a solution with flexible covenants. This article provides an overview of asset-based financing […]