9 Free Load boards – Canada and Transborder

The best way to grow a trucking business is to get direct shippers. However, load boards have a place in helping you build a business. They are a useful way to get started and get moving. And they can be a good resource to fill up empty legs. Here is a list of free load boards […]

Supplier Cost Financing for Manufacturing Companies

It’s impossible to grow a company if you cannot pay suppliers on time. Many manufacturing companies face this problem when they experience a growth phase. The reason is often simple. As your purchase orders from clients grow, so do your orders to your material/product suppliers. However, if growth exceeds the amount of credit that your […]

Do You Qualify for Supplier Financing?

Supplier financing is a form of trade credit financing available to manufacturing companies and distributors (learn more). Your company must meet the following requirements to qualify for this solution. Be a manufacturer or product supplier Supplier financing is available only to manufacturing companies and distributors. The solution helps finance the costs of purchasing goods from […]

What is Supplier Financing?

Supplier financing is a type of supply chain financing that is designed for manufacturers and distributors. It helps them cover supplier expenses, enabling them to fulfill large orders and build inventory. Supplier financing vs. supply chain financing The terms “supplier financing” and “supply chain financing” are often used interchangeably.  Unfortunately, this is not entirely accurate. […]

Financing for Ontario Government Vendors

The province of Ontario purchases approximately six billion dollars of products and services every year from over 55,000 vendors. Many of these companies are small and medium-sized businesses. Doing business with the government of Ontario can be a great opportunity for small and growing companies. It is a large and diverse marketplace where government agencies, ministries and municipalities purchase […]

Government Vendor Financing Alternatives

Government ministries and agencies in Canada purchase most types of products and services that are available in the marketplace. This can provide a great business opportunity for companies that choose to do business with the federal, provincial or municipal governments. Government organizations can be great clients if you know how to work with them. They buy regularly, […]

How Does Inventory Financing Work?

Inventory financing is a type of asset based lending that allows your company to leverage existing inventory. It can provide your company with funds to purchase additional inventory or handle corporate expenses. From this article, you will learn: How inventory financing works What type of due diligence is required to set up a line Advantages and disadvantages of this […]

Inventory Financing vs. Purchase Order Financing

Both purchase order (PO) financing and inventory financing can be used to finance certain types inventory. However, both solutions work very differently and serve very different business objectives. From this article you will learn: What purchase order financing is What inventory financing is The main differences between these solutions How to determine which solution is right for […]

Can Asset Based Lending Finance a Small Business?

Asset based lending has been growing in popularity as a way to finance small and mid-sized companies. Asset based loans are easier to get than commercial lines of credit and provide more flexibility. Initially, asset based loans were offered only to mid-sized companies – those with at least 50 million dollars (CAD) in yearly turnover. However, some asset based […]

Best Trucking Forums In Canada

One of the best resources for new and growing trucking companies are online trucking forums. Most of these forums have seasoned truckers that participate in daily discussions and are willing to help fellow drivers. If you are interested in becoming a successful owner operator, you should consider participating in these forums. The best trucking forums are: […]