Bay View Funding Blog

Selling to the government means understanding the intricacies of the process. The rules are continually changing. The unique requirements for the distribution and wholesale companies are worth considering. 

The start of a new year seems to ring in a plethora of resolutions encouraging healthy eating and exercise. What a great opportunity to check the health of your business working capital and make sure you have the reserves you need to stay in business if your customers delay payment, or simply cannot pay due to an unexpected emergency. 

Obtaining the right type of financing to fit your specific business needs can often be a challenge. When looking for business finance solutions, there are several options available, but where should you look for the best answers? 

We often refer to commercial financial solutions that allow you to solve your cash flow business challenges, but we talk less often about cash flow management skills. So what does a business need to consider? 

Just because the bank has said no to a loan or line of credit does not mean that your business is not successful or that there are no other options available to you.

What methods of payment do you accept from your customers? The more payment options you are prepared to accept, generally the easier it is to receive an on-time payment. Make it as easy as possible for your customers and therefore for you.

If you were to ask small to medium sized trucking companies what it is they consistently struggle with, the frequent answer would be covering fuel costs while on the road.

Customers can often take many days to pay their invoices, depending upon the agreement in place, or sometimes just because they pay late. Late payment means less money to pay bills and cover operating costs. Filling up with fuel to deliver a load is a fundamental cost, which has to be covered in order to deliver the load. With the fuel advance program from Bay View Funding, the working capital needed to cover the cost of fuel can be obtained prior to load delivery. This means no more worry about fluctuations in gas prices, or decisions about which bills not to pay to make sure the gas cost is covered.