Making the abstract possible.
Are customer invoices past due? Are clients paying late or not at all? Factoring financing companies provide financial advances based upon those past due invoices. Transportation and other factoring financing companies collect a fee for the service of chasing down clients, similar to the way that collections companies work. No matter the type of business […]
A trucking factoring service is a company that allows transportation companies to exchange your unpaid invoices with cash. The company often pays 80%-90% of the total invoice value upfront, then pays the remaining percentage after your customer pays up. This is after subtracting their small service fee. Most trucking factoring services check your debtor’s credit, […]
Invoice factoring, also known as asset-based lending, refers to a financial transaction in which a business sells its invoice to invoice funding companies at a discount. As a small business owner, using invoice factoring can significantly improve your business financial status. For instance, a trucking firm can sell their unpaid invoices to a transportation factoring […]
It is a new month, and the start of a new week. July 1, 2019, in fact, is a day when many people are looking at the summer and making plans for what they still want to accomplish. For business owners, however, July 1 can be an ominous date. If you are the owner of […]
Small businesses (defined as businesses with fewer than 500 employees) account for 99.7 percent of all business in the United States and there are nearly 28 million of them. But running a small business can be difficult. According to a U.S. Bank study, 82 percent of businesses that fail do so because of cash flow […]
