When it comes to dealing with slow-paying shippers, trucking carriers have two options: quick pays and factoring. This article helps you understand both options and covers the best strategy for using them. We discuss: 1. Slow cash flow is a problem Slow cash flow is one of the biggest problems for trucking carriers, especially new […]
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Financing a Promotional Products Company
The promotional products market is highly competitive. Small promotional companies can’t often get the benefits of scale that come from fulfilling very large orders. Part of the problem is that they often lack the financial resources to compete for large orders. This could be due to ongoing cash flow problems or a lack of financing. […]
Financing a Call Center Using Invoice Factoring
Many companies consider call centers an essential but expensive aspect of their sales and customer service strategy. However, operating a call center in this highly competitive industry is challenging. Call center operators can easily experience cash flow problems, especially if they are new or growing quickly. This article discusses how to effectively solve the most […]
Advantages of Factoring your Freight Bills
Factoring is a form of financing that allows you to finance your slow-paying invoices. It improves your company’s financial position, providing the funds it needs to operate and grow. Learn more by reading “What is freight bill factoring?” This article highlights the advantages of freight bill factoring. It helps you determine if it is the […]
Advantages and Disadvantages of Purchase Order Financing
In recent years, purchase order (PO) financing has been gaining popularity as a tool to finance companies that have been awarded a large purchase order. In this article, we discuss: 1. What is purchase order financing? Purchase order financing helps distributors and resellers that need funds to fulfill large purchase orders. The solution helps pay […]
How to Deal with Slow-Paying Customers
Dealing with slow-paying customers can be a major headache for business owners. This is a bigger challenge for small companies that don’t have employees dedicated to collections. Ultimately, slow-paying customers affect your cash flow and distract you from running the business. Improving your invoicing and collections is not difficult, but it takes some discipline. The […]
What is Purchase Order Financing? How Does it Work?
Summary: Purchase order (PO) financing helps small businesses that have a large order and need funds to pay their vendors. It helps cover your supplier expense, enabling you to fulfill the order and book the revenue. While this solution is flexible, it works only with specific transactions. This article explains how PO financing works, who […]
How to Choose the Best Factoring Company
Selecting a factoring company is one of the most important financial decisions that you will make for your business. This article explains everything you need to know so you can find and select the best factoring company for your business. We cover the following: What is a factoring company? How does factoring work? Recourse vs […]
Accounts Receivable Aging Reports and Factoring
The accounts receivable aging report is one of the most important reports that a factoring company asks for when processing your application. The factoring company uses this aging report to determine the size and quality of your invoice portfolio. It helps determine which terms – such as invoice factoring rates and factoring advances – will […]
Factoring Application Mistakes to Avoid
Four common application mistakes can lead to a funding delay or a rejection of your factoring application. This article provides suggestions to avoid these mistakes and improve your chances of getting funding. Lastly, we provide a strategy to handle transactions in which the company (or owner) has negative information. Mistake #1 – Hard-to-read applications Submitting […]