Summary: Many electric utility restoration contractors and brokers face cash flow problems during busy storm seasons. They face increasing payroll costs to cover their ground crews. Invoice factoring can be an effective solution that provides funding to cover payroll and other operating expenses. This article discusses how factoring works, its advantages, and important differences that […]
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What is Construction Factoring? How Does it Work?
Construction factoring is a specialized type of invoice factoring adapted to work in the construction industry. It helps subcontractors improve their cash flow by financing their net-30 to net-60 invoices from commercial clients and general contractors (GCs). This article explains how construction factoring helps you, how it works, its advantages, and its limitations. The article […]
Financing a Utility Vegetation Management Contractor
Summary: Many small vegetation management companies face cash flow problems during the busy summer season. These problems often arise due to the timing gap between paying expenses (e.g., payroll) and getting paid by clients. This article explains how invoice factoring can help you improve cash flow and cover payroll and other expenses. We also discuss […]
Construction Factoring vs. Factoring: Key Differences
Construction factoring is a specialized type of invoice factoring adapted to work in the construction industry. It is very similar to invoice factoring, though it has some key differences. This article covers the main differences between both programs. It helps construction subcontractors determine if construction factoring is right for them. Read “What is construction factoring? […]
How to Prepare Your Business for a Recession (13 Ways)
The best way for your business to survive a recession is to be prepared ahead of time. Unfortunately, few companies ever prepare for a recession while things are going well. This is a mistake. Instead, most companies make changes after a recession has hit them. This delay limits their choices. This limitation forces companies to […]
Advantages and Disadvantages: Business Debt Consolidation
This article discusses the pros and cons of consolidating your business debt with a new loan. It will help you determine whether debt consolidation is the right solution for your company. To learn more about this solution, read “How Does Business Debt Consolidation Work?“ Advantages Debt consolidation offers seven advantages to small business owners. A […]
Should your Company Refinance its Business Loans?
This article is written for business owners who are trying to figure out if debt refinancing is the right solution for them. The article covers: 1. Do you need refinancing? A thorough review of your financial statements is the best way to determine if your company has a debt problem. However, you can also start […]
Find Reefer Loads (No Load Board Needed)
Summary: The best way to get reefer loads for fresh refrigerated meat and produce is to work directly with shippers. Working with shippers can provide you with regular loads, and it bypasses load boards and brokers. This strategy allows you to keep more money per load, which makes you more profitable. All it takes is […]
Best Niche Industry for Owner-Operators
Summary: Selecting the right market niche is the most important decision you will make as an owner-operator. Pick the wrong market and your days as a business owner could be numbered. This article, written with the help of our friends at Learn to Truck, helps you select the right market. In turn, you will be […]
Guaranteed Sales And Purchase Order Financing
It’s not uncommon for us to speak to a prospect who is very excited about a large purchase order they just received from a very reputable company. Furthermore, as we review the details of the order, we believe that the order will be a good candidate for purchase order financing because it meets these three […]