How to Use a Loadboard to Grow Your Trucking Business

In recent years, trucking load boards have been gaining popularity with Canadian carriers and shippers. Load boards offer a simple solution for shippers who need freight moved and for carriers with available capacity. In fact, many owner operators rely solely on load boards as a way to grow their business. Perhaps this strategy sounds easy because you […]

How Receivables Loans Improve Your Cash Flow

It’s not unusual for successful businesses to experience cash flow problems. Problems often occur because you have to pay corporate expenses quickly; however, your commercial clients have 30 to 60 days to pay their invoices. Having a lot of money tied to slow-paying receivables forces you to use cash reserves – leaving you in a […]

How Does Purchase Order Financing Work? A Sample Transaction

In this article, we review how a purchase order transaction is structured and settled. This review should give you a good understanding of how this solution works and help you determine if it’s the right way to finance your company. What is purchase order financing? Purchase order (PO) financing – a financial solution that can […]

Why Do Purchase Order Finance Transactions Require Inspections?

Most purchase order finance companies typically require that the goods they are financing be inspected by an independent company prior to shipment. Usually, the inspection company verifies that the quality, quantity, shipment date, and other parameters meet the specifications of the purchase order. The inspection clause is usually written into the language of the letter […]

Why Must Purchase Order Finance Transactions Use Factoring?

Most purchase order (PO) finance companies usually ask that the client use factoring financing to settle a transaction. The transaction starts by using purchase order funding; however, once the goods are delivered and an invoice is generated, the finance company will ask that you factor the invoice and close the PO funding line. This request […]

Truck Repair Financing Using Freight Bill Factoring

One of the main challenges for a transportation company, especially a small one, is dealing with truck breakdowns. Breakdowns can happen unexpectedly and not only throw off your load delivery schedule, but they can also impact your finances – especially if the repair cost is high. This problem can wreak havoc on owner operators and […]

Advantages of Factoring Freight Bills

Freight bill financing has been gaining popularity as a way to finance a growing transportation carrier or freight brokerage because many shippers and clients are paying their freight bills more slowly – taking as long as two months to pay. Most small carriers and owner-operators are not financially prepared to handle this payment delay. This […]

What is PO Financing? (Video)

We have posted another instructional video in our YouTube channel. This video goes over purchase order financing explains how the solution works. The video also provides an example – though keep in mind that it has been simplified. Get more information Looking for a quote? We are a leading purchase order financing company in Canada and can provide […]

What is freight bill factoring? (Video)

We have posted a new video in our YouTube channel. This video covers the subject of freight bill factoring. The video explains how transportation companies (carriers and brokers) can improve their cash flow. It explains how you can finance freight bills from commercial shippers (or brokers) who do not offer quick pays. The video also shows […]

What is invoice factoring? (Video)

We have posted a new video in our YouTube channel. This video covers the subject of invoice factoring. The video explains how you can factor invoices to improve cash flow problems created by slow paying commercial clients. The video also shows how an invoice factoring transaction works. Get more information Looking for a quote? We are […]