Back to Basics  

The benefits of factoring are readily available to all who are interested. The process is easy to understand and many companies both large and small, as well as start-ups, are taking advantage of factoring their invoices, not just to survive, but also to grow.  

Let’s take a moment to highlight the benefits of factoring and why it is such a valuable tool.  

• Factoring takes your accounts receivable, and turns it into available cash

• Factoring reduces your potential liabilities and therefore increases the amount of equity held in your business

Have you considered applying for a grant? Do you understand the options available to your specific industry or where to look? 

The plethora of possibility in terms of loans, grants and alternative financing can be totally overwhelming when looking for options to increase cash flow. Every circumstance calls for a different set of parameters to help you decide which is right for you. 

A business loan may be extremely effective for your business, but remember there are many steps involved. Many new and small business loans require much of the information listed below: 

Has business for your trucking company started to pick up? As the economy slowly begins to recover, so does the need to transport goods, but you still may be frustrated by slow payment on your accounts receivable. A steady cash flow is often difficult in any given market sector, but there are specific challenges when it comes to the trucking industry. It is necessary to provide the best terms to secure a contract in this incredibly competitive business, but this often means payment is slow. Do you rely solely on invoice payment from your clients to survive?  

Wrangling for prompt payments?

Do you find some of your larger customers are simply indifferent to your constant requests for on-time payment? It may also be hard to collect from your smaller customers, but generally the process is simpler and it is much easier to engage in a one on one dialogue with a smaller accounts payable department.

Wearing too many hats? Can you shed a few?
Factoring Companies Can Help You...

As a business owner, how many hats do you wear? Is it possible that you are trying to do too much to keep your business running successfully? How successful can we really be by constantly multitasking?

The right tools & tips can save you $

It is all about cash flow, the lifeblood of your working capital that needs to exceed your liabilities.  Consider these five cash flow best practices that can help keep your cash flow and your company healthy.

California Trucking Association - Truck Driver Appreciation Day

Have you ever stopped to think about how that fresh produce gets to your local market in the middle of winter, in the mountains? Or for that matter, how does the produce get from the farm to the distributor? Or what about the shipping containers that arrive by sea, or by train at port?  What happens then? How does the freight get to its final destination?  More than likely, a trucker was a major part of making those products available to you, 24 hours a day, 7 days a week, 365 days a year.