Here is the list of the best smart phone mobile applications for truckers. We car constantly enhancing this list. If you have a suggestion, please let us know through Linkedin. Document Management Tranflo Transflo is a mobile scanning solution that handles document delivery. Drivers can use it to send documents to carriers. And carriers can […]
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How Quickly Can Invoice Factoring Companies Provide Financing?
One advantage of factoring over other options is that many finance companies can get you funding quickly, usually within days. However, several things can delay the transaction. This article explains the factor’s onboarding process, potential transaction challenges, and how to streamline your funding process. We cover: 1. Overview of the process The onboarding process to […]
Can I Sell My Invoices to Improve My Cash Flow?
Small business owners are often challenged when a large customer requests 30 to 90 days of credit to pay an invoice. As a business owner, you want to offer credit terms because it improves your ability to sell to large clients. However, offering credit terms can also hurt your company if you don’t have financial […]
How Can Medical Providers Solve Cash Flow Problems?
The medical industry has experienced a period of unprecedented growth. Companies that provide medical services, such as doctor’s offices, diagnostic centers, and durable medical equipment providers have served a higher number of patients in recent years. Unfortunately, the amount of money that private and government insurers pay for insurance claims has actually been decreasing. And, […]
Can Medicare and Medicaid Provider Payments Be Financed?
Working with tight cash flows is one of the main challenges of running a medical office, diagnostic center, nursing home, or any business that invoices medical insurance claims. This problem is increasingly common because three trends are happening at the same time: Insurance payment amounts are decreasing Payment times are increasing Operational costs are increasing […]
Freight Factoring Case Study – Fast Trucking, Inc.
This case study shows how invoice factoring is used to solve the cash flow problems of a trucking company. To protect client privacy, we have changed some details (including their name) in this case study. Also, the numbers have been simplified to make the case study easy to understand. However, the key facts and lessons […]
Invoice Factoring Case Study – Business Consulting, Inc.
This case study shows how invoice factoring can be used to solve the cash flow problems of a consulting company. We have changed some details (including their name) to protect client privacy. Also, the numbers have been simplified to make the case study easy to understand. However, the key facts and lessons remain. 1. Setting […]
13 Ways to Finance a Business
Every year, thousands of business owners look for financing to either start or grow a company. Unfortunately, getting small business financing is difficult. It often requires entrepreneurs to try several alternatives before they find the right solution. This short guide addresses the most common ways to finance your business. It includes some important caveats to […]
Financing a Jail Supplies and Equipment Company
Summary: Selling products and services to jails and prisons can be very lucrative. Many small businesses benefit from selling products to the Federal Bureau of Prisons and different state departments of corrections agencies. However, selling into this market can be a daunting task. Small businesses also encounter financial obstacles. You may have to work with […]
Why Must My Customer Send My Payments to the Factoring Company?
One of the chief objections that clients have with using factoring is that their customers need to remit payments to a new address. Actually, notifying the customer of the new payment address and procedure is a standard practice in the industry. Factors use a document commonly known as a notice of assignment. But why is […]