One of the skills needed to run a successful staffing agency is knowing how to find clients. The staffing market is very competitive. Many temporary employment agencies are often chasing the same contracts. To succeed, you must know where to find these opportunities – and how to get them. In this article, we discuss 13 […]
How Does Supply Chain Financing Work?
Supply chain financing is a general term used to describe a number of financial tools that can be used to improve payments between companies and their suppliers. Supply chain finance solutions can be implemented in various ways. For example, a supplier that is anticipating large orders and wants to build inventory can use “supplier financing.” […]
Supplier Financing vs. Purchase Order Financing
Supply chain financing is a set of tools that companies use to improve their cash flow and their ability to run the business. It offers tools such as reverse factoring, supplier financing, and purchase order financing. Factoring and reverse factoring are post-delivery financing tools. As such, they can help only after you have delivered your […]
Supply Chain Financing vs. Invoice Factoring
Supply chain financing is a set of financing tools that allows a company to improve its cash flow. The most common tool in the supply chain financing tool set is reverse factoring. However, there are other tools such as supplier financing and purchase order financing. Invoice factoring, on the other hand, is a trade financing […]
Supplier Financing Qualification Criteria
Supply chain financing refers to a number of tools that can help a company with its working capital and financial operation. Here is additional information about how it works. This article lists the most important requirements to qualify for supplier financing. To qualify for supplier financing, you should: 1. Be a manufacturer or distributor Supplier financing […]
Manufacturing Loans: Six Realistic Financing Options
Summary: Manufacturing companies are usually resource-intensive businesses. They require substantial financing to get started, operate, and expand. This creates an ongoing financial need that burdens many small manufacturing companies. This article covers six financing alternatives to finance different aspects of your manufacturing business. We cover the following: Overview General purpose financing Finance cash flow Finance […]
Should Owner-Operators Use a Truck Dispatch Service?
Working with a truck dispatch service company can be one of the best – or worst – decisions that you ever make. It’s a decision you should make carefully. In this article, we discuss: Can a truck dispatcher help your company? How to select the right dispatcher How do they compare to freight brokers? 1. […]
Financing for Trucking Dispatchers
Transportation dispatchers play a critical role for owner-operators who are looking to grow their businesses. They help carriers with a number of critical tasks including finding loads, negotiating rates, keeping trucks on schedule, taking care of paperwork, and so on. Unlike freight brokerages that represent themselves, dispatchers represent owner-operators. This difference is important. Dispatchers are […]
How to Get Out of Merchant Cash Advance Loans
Merchant cash advances have become a very popular form of financing among business owners. They are easy to get and set up. Their apparent convenience attracts companies that don’t want to go through the conventional lending process. There is one catch The speed and convenience of cash advances come at a steep price. These loans […]
Why You Shouldn’t Refinance an MCA with a Cash Advance
Merchant cash advances are a popular but very expensive form of business financing. Companies that have excessive cash advance debt often look to refinance (or consolidate) these loans to escape from their high weekly cost. In this article, we take you through a merchant cash advance refinancing transaction and discuss why merchant cash advances are […]