Asset-based loans (ABLs) are a type of financing that enables companies to get funding based on their assets. These loans are popular among small and midsize businesses because they offer simpler qualification and compliance requirements. While asset-based loans are more expensive than conventional bank financing, they are cheaper than most other solutions. This article discusses […]
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13 Free Load boards – Canada and Cross-border
Summary: A freight load board is a useful tool when used correctly. However, owner operators should not rely entirely on them for freight loads. This article shows a list of free load boards that provide loads for owner-operators based in Canada, or who want to pull loads to/from Canada. Some listings offer a free trial […]
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. 1. 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 […]
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. This article covers the following subjects: 1. Supplier financing vs. supply chain financing The terms “supplier financing” and “supply chain financing” are often used […]
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: 1. What is purchase order financing? Purchase order financing allows you to finance the supplier costs associated with a specific customer purchase order. […]
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
Online trucking forums are one of the best resources for new and growing trucking companies. Most forums have seasoned truckers that participate in daily conversations and are willing to help fellow drivers. If you are interested in becoming a successful owner-operator, consider participating in these forums. These forums can provide advice on how to start, […]
What Is an Asset-Based Loan (ABL)? How Does it Work?
Summary: An asset-based loan (ABL) is a type of business financing secured by a company’s assets. This financing improves liquidity and can be used to cover expenses or to invest in company growth. Asset-based loans can be structured as a term loan, revolving line, or a combination of both. The loan structure depends on the […]