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How Factoring Financing Can Help Your Small Business Grow
For many enterprising people, one of the most important dreams can be to plan and execute the starting of a small business. Having a great business idea and making sure that they can get off the ground can be two very different things. A lot of challenges can come your way and this is exactly…
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Americans Consumers Rely on Transportation Services
These are challenging times. As the nation deals with a health crisis that is affecting the economy as much as the physical well being of the citizens, everyone is relying on the help of the trucking industry. And while the truckers are being praised as heroes in many cities and states, the fact of the…
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How Invoice Funding Companies Can Help You Small Business Maintain Its Growth Trajectory
Running or managing a small business is by no means an easy task. There can be a lot of variables that you would need to manage carefully and a lot of challenges that you would need to overcome. This can be even more of a trying time if you have just started your business and…
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4 Ways Invoice Factoring Can Improve Your Business Revenue Flow
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…
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Three Things You Don’t Know About Invoice Factoring
Did you know that there are almost 28 million small business in the United States? Small business are often referred to as “the backbone” of American society. Yet it can be difficult for them to survive in an increasingly competitive climate, and the high rate of bankruptcies among small businesses are proof of that fact.…
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Debunking Popular Myths about Business Invoice Factoring
Customers considering business invoice factoring may be on the fence due to certain myths concerning the process. Some thoughts about it are true, but some are far from the truth. Follow along as we debunk some common myths about it and discuss how they got started and what is untrue about them. Customer Harassment A…
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Transportation Companies and The Many Benefits of Factoring Company Freight Services
You may be facing customers who are unwilling to pay, or at least having trouble paying on time. Factoring company freight services help provide financial advances based upon those past due invoices. The factoring companies collect a fee for the service of chasing down clients, similar to the way that a collections company would work.…
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How Does Freight Invoice Factoring Work?
When it comes to working in a trucking business, you need to focus on your business more often than anything else. When it is time to get paid for your services, you don’t want to have to wait. You also don’t want to get a payday cash advance and get stuck in a vicious cycle…