Most companies looking for factoring try to get the best rate by sending applications to as many factors as possible. While this approach can work, having many open applications is hard to manage. Ultimately, the process is time-consuming and doesn’t always work. Fortunately, there is a better way to get the best factoring rates. It […]
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Recourse vs. Non-Recourse Factoring
There are two types of factoring financing, commonly known as recourse and non-recourse factoring. Some factoring companies specialize in one type of solution, though many companies offer both. In this article, we explain and compare both types of factoring. The article covers the following: 1. How does invoice factoring work? Before discussing the specifics of […]
Financing a Fluid-Hauling and Saltwater Disposal Company with Factoring
Every barrel of oil generates several barrels of produced water (i.e., brine) and flowback. These liquids are environmentally dangerous due to their high concentration of salt, organic compounds, and chemicals. Consequently, they must be disposed of properly. There is a large demand to haul and dispose of production fluids from wells. Companies in this segment […]
Invoice Factoring For School Bus Companies
Most public schools provide bus service to students who live in the area. In most cases, these buses are owned by subcontractor owner-operators and not the local school district. A school bus contract can be a major benefit for a bus company because it provides reliable revenue to the company during the school year. However, it […]
Invoice Financing for Oilfield Service Companies
The oil and gas industry is known for being somewhat unpredictable. Demand for products and services can change quickly with little if any notice. Actually, sudden increases or increases in supply and demand are not uncommon. These drastic changes create financial hardships for small oilfield service companies. This article discusses three strategies to help improve […]
Factoring for Oilfield Transportation Companies
Summary: Oilfield transportation companies handle some of the most difficult loads in the transportation industry: heavy haul, oversized, chemicals, and specialized fluids. Additionally, companies often provide storage facilities as part of the services. The complexity of their services makes oilfield transportation companies difficult to operate. Managing the company’s cash flow can be as challenging as […]
Freight Financing for Trucking Companies
Most trucking companies are started by drivers who invest their own money to launch and grow the company. While many drivers have a great deal of industry experience, they don’t always have a lot of money. Often, this situation prevents them from reaching their full potential. It also leaves them open to cash flow problems. […]
Invoice Factoring for Landscaping Companies
Most commercial clients pay their invoices in 30 to 60 days. These terms can create cash flow problems for landscaping companies that can’t afford to wait for the payment. Invoice factoring allows you to solve this problem by financing slow-paying invoices for commercial clients. This solution improves your cash flow and allows you to grow […]
Invoice Financing for Underground-Utility-Locating Companies
Many underground-utility-locating companies find it challenging to wait 30 to 90 days to get paid by commercial clients. Offering payment terms is a standard business practice. However, it can create cash flow problems for companies that aren’t well-capitalized. This article explains how to improve cash flow by financing invoices using factoring. The article covers the […]
Purchase Order Financing Qualification Requirements
Purchase order (PO) financing has been gaining popularity as a tool to fund large purchase orders. However, many prospective clients often misunderstand what is needed to qualify for this solution. Clients often believe that they only need a substantial purchase order to qualify. Unfortunately, this assumption is wrong. Transactions often have a lot of moving […]