According to the Bureau of Labor Statistics (BLS), 2015 has seen the transport sector grow at a steady pace. How much of this growth is reflected in the trucking sector?
According to the Bureau of Labor Statistics (BLS), 2015 has seen the transport sector grow at a steady pace. How much of this growth is reflected in the trucking sector?
Topics: Cash Flow, Trucking Industry
Small business lending through the government’s biggest small business loan program reached the limit set by Congress in early July, but is headed for a restart thanks to House approval to increase the ceiling. The House approved a bill on Monday, July 27th with an amendment lifting the SBA’s lending cap from $18.75 billion to $23.5 billion for the 7(a) loan program.
Government contracts are available for small to large businesses. Federal bids require your company to follow a precise process. It is all about understanding the bid process and preparing accordingly.
Topics: Cash Flow, Government Contract Financing
We have discussed the importance of liquid assets, or cash reserves to cover operating expenses, in a cash flow crunch. However, what can you do when your business has excess cash reserves?
We frequently write about the importance of cash flow and how devastating it can be to your business if you cannot cover vital costs such as payroll. If it is possible, it helps to have cash available in the form of a cash reserve so that you can cover essential expenses in a cash flow crunch. Let’s consider how companies maintain a cash reserve, and look at how to decide upon ideal reserve amount for your business.
Topics: Cash Flow Solution, Cash reserves
Small businesses appear to be more reticent about borrowing money. Since the recession, they do not want to take on too much debt and risk the possibility of losing everything. However, loans are available, with the right help and guidance from the bank or other financial institutions.
Topics: About Invoice Factoring, Financing Government Contractors
Wondering what is best for your business? There are many options when it comes to seeking capital for the purpose of running and growing your business. When considering between a long-term business loan and line of credit, do you know which would work to your advantage? Most companies need money when starting, building their businesses, or when facing a short-term cash flow challenge.
Topics: Cash Flow, About Invoice Factoring, Business Loan
