Summary: Getting a contract from the U.S. federal government has several advantages for small business owners. The government can provide your company with a steady flow of work if you know how to find it and bid for it. It can be an excellent source for projects that help you take your business to its […]
Blog
Supplier Financing for Companies that Sell to Retailers
Getting a contract from a large retailer can be very exciting for any business owner. It can certainly be a defining moment in your career – if you are prepared for it. But large contracts can also be a double-edged sword that can hurt a business that is not well prepared. They can tie up […]
Financing Options for Walmart Suppliers
For many business owners, becoming a Walmart supplier can be a defining moment in their business careers. Walmart’s massive scale, when approached correctly and strategically, can help your business grow exponentially. The bottom line is that Walmart is a great company with stores in the US and Canada (among other countries) and can make for a great client. […]
How to Fix Your Trucking Company’s Cash Flow Problems
Every company runs into cash flow problems at one time or another. However, many of these problems can be prevented with some planning and diligence. In this article, we cover nine common cash flow problems that affect carriers, along with some solutions: 1. You don’t charge enough Many trucking companies experience cash flow problems because […]
How to Grow a Trucking Company
Growing a successful trucking company takes a lot of hard work and dedication. But, above all, it takes a disciplined approach to make the right decisions and take the right actions. This article helps owner-operators and small fleet owners accomplish this goal. It summarizes the seven key steps to take to grow your trucking fleet […]
How to Finance a Trucking Company
Every successful trucking company needs to use financing at some point. Growing companies have to buy equipment, pay employees, and handle multiple expenses. Eventually, the owner will run out of funds and use external financing. This article discusses how trucking company owners can finance their two most significant expenses: equipment purchases and operations. It also […]
What is Freight Factoring? How Does it Work?
Freight factoring, also known as freight bill factoring, is a form of business financing in the transportation industry. It helps carriers and brokers improve their cash flow by financing their invoices from slow-paying clients. Factoring provides companies with the funds to operate and grow to their full potential. We cover the following: 1. How does […]
How Does Construction Factoring Help Subcontractors?
Many construction subcontractors have trouble paying employees or suppliers on time. Often, they have cash flow problems because clients pay invoices in 30 to 60 days while suppliers ask for quick payments. One way to fix this working capital problem is to use a revolving line of financing. This article explains how construction factoring can […]
What is Accounts Receivable Factoring?
Accounts receivable factoring is a type of business financing that helps companies with cash flow issues. It allows companies to finance their accounts receivable (A/R), which provides immediate funding. A/R factoring is commonly used by small and growing companies that don’t have large cash reserves. In this article, we cover: 1. Do you provide net-30 […]
What is Factoring?
Summary: Factoring is a form of financing that helps companies with cash flow problems due to slow-paying clients. It allows your business to finance invoices, which improves your company’s working capital. Factoring transactions are structured as the sale of accounts receivable rather than as a business loan. Consequently, they can be set up quickly and […]