Running a successful nursing home can be challenging. Managers and owners have many demands calling for their constant and immediate attention. One the most persistent and important demands is cash flow. Cash flow demands must be handled correctly to avoid serious problems that could, ultimately, compromise care. Slow payments are a problem A common source of […]
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Financing a Pharmacy with Medical Factoring
Most independent pharmacies operate in a challenging, competitive environment. On one hand, they face strong competition from large pharmacies and discount chains. On the other hand, they face payment pressures from insurance companies that want to reduce the value of each claim, and pay it slower. Often, this pressure leads to cash flow problems since few […]
Government Purchase Order Financing
Selling products to the US government can be lucrative, especially for small business owners who qualify for the 8(a) program. This program offers several opportunities to companies that meet its criteria – usually small businesses, minority-owned businesses, and women-owned businesses. Product contracts often have large values that exceed the financial capabilities of small government vendors. […]
How Loans Against Purchase Orders Work
Getting a large purchase order can be a great opportunity if the company has the funds to fulfill it. Unfortunately, small companies often miss these opportunities because they lack the funds to execute the transaction. In this article, we discuss a way to finance purchase orders. We cover the following: 1. How are purchase orders […]
Purchase Order Financing Cost and Rates
Summary: Purchase order financing is commonly used by small companies that have won a large purchase order but don’t have the financial means to fulfill it. This article discusses the average PO financing rates and how transactions are structured. This information will help you determine if PO financing is the right solution for you. The […]
Owner-Operator Financing Options
Making a move from being a truck driver to being an owner-operator can be financially rewarding. However, it can also be very challenging, especially during the initial months of the business. As a new business owner, you need to worry about things that your employer used to handle. One of the greatest challenges for truckers […]
What is a Trucking Load Board?
A load board is a website that matches freight shippers (and brokers) with carriers. Shippers and brokers post loads that need hauling. Likewise, owner-operators and fleets can post their available capacity. Load boards allow shippers and carriers to find each other and enter commercial agreements to move the freight. This article covers: (Note: Commercial Capital […]
How to Use a Load Board to Grow Your Trucking Business
Summary: Trucking load boards remain popular with carriers looking to get freight loads. Load boards offer a simple solution for shippers who need freight moved and for carriers with available capacity. Many new owner-operators hope to rely solely on load boards to grow their business. Perhaps this strategy sounds easy because you can find loads […]
Seven Benefits of Factoring Fuel Advances
Running a truck or a small fleet is very expensive. The cost of fuel, which must be bought effectively, is one of the biggest expenses for fleet owners. Keeping your units fueled up can be difficult. Many shippers and brokers don’t offer quick pays. Instead, they pay their invoices in 30 to 60 days. Most […]
How Does Factoring Work?
Summary: Factoring is a type of financing that helps improve the cash flow of companies that have slow-paying invoices. This form of financing gives the client access to immediate funds, which can then be used to pay for business expenses and to grow. In this article, we show you how factoring works. We go over […]