What is Asset Based Lending?

Asset based lending is a form of financing that allows a business to leverage existing company assets. The line can provide your company with funding to pay for operating expenses, handle an acquisition or make new investments. Most asset based loans are structured to operate like either a line of credit or a term loan. The […]

How to Offer Early Payment Discounts – 2% / 10 Net 30

One of the problems of allowing clients to pay invoices in 30 to 60 days is that it can lead to cash flow problems. A small business can’t always afford to wait a month or two for a client payment. The business needs to get paid sooner in order pay for its own expenses. However, clients like the option […]

How to Find Loads for Truckers in Canada

Finding profitable truck loads is the most important thing that an owner-operator can do to be successful. Without shippers, you don’t have a business. It’s as simple as that. However, this area is the one where most owner-operators and small fleet operators fail. And without clients, they go out of business. (Note: Commercial Capital LLC doesn’t provide […]

Types of Factoring Financing – Recourse and Non-Recourse

In general, Canadian factoring companies offer two different types of factoring: recourse and non-recourse factoring. This article helps you understand how each of these programs work. How does factoring work? Most commercial sales are done on net-30 to net-60 day terms. However, many small businesses cannot afford to wait that long for payment. Instead, they need […]

Industries That Use Factoring

Factoring has been gaining traction in Canada as a financing solution that can help companies with cash flow problems due to slow-paying clients. This solution is flexible enough that it can be used in most industries that serve commercial or government clients. To learn more about factoring, read “What is Factoring?” What type of businesses can […]

Factoring in Canada

Factoring is a form of business financing that has been gaining popularity in Canada. It helps companies that have cash flow problems because their clients pay their invoices in 30 – 60 days. It’s not that their clients are bad payers – far from it. It’s just that many customers demand net-30 to net-60 days payment terms […]

Selecting a Factoring Company in Quebec

Factoring financing has been gaining popularity in Quebec as a way to finance companies that need to improve their cash flow. However, Quebec is a special market when it comes to factoring, since it uses a set of laws that is slightly different from those of other provinces. As a result, you must select your provider […]

Owner-Operator Financing in Canada

Becoming an owner-operator can be a rewarding move, professionally and financially. However, as a business owner, you have additional responsibilities. You are responsible for getting equipment and for running operations. These responsibilities can be expensive. Unless you have enough capital, you will need financing to get your new trucking business rolling. Financing your truck Getting […]

Should I Give My Customer Net 30 Day Payment Terms?

Most commercial sales to reputable companies are done using trade credit, usually on net 30 to net 60 day terms. In many cases, the client demands credit as a condition of doing business. Obviously, offering trade credit to the right clients can be a great way to grow your business. On the other hand, offering trade credit […]

What is a Load Board for Truckers?

A load board is a website that matches freight shippers (and brokers) with carriers. Shippers and brokers post loads that need hauling. Likewise, owner-operators and fleets can post their available capacity. Load boards allow shippers and carriers to find each other and enter commercial agreements to move the freight. Most freight load boards work in […]