Bay View Funding Blog

As the year draws to a close and plans for the upcoming year begin, many business owners and managers examine their finances and look for opportunities to improve their processes.  Having adequate cash flow is arguably the most important component of business management.  There are some techniques to help your business cash management that will not involve getting a loan.

Today's economy makes it even more difficult for a business to get bank loans and other traditional sources of funding. The result is a high demand for business financing with many businesses losing out on growth opportunities due to the lack of working capital financing. However, businesses that need immediate financing do have options, factoring being chief among them. Below is a look at factoring and its benefits for freight businesses, especially during the holidays.

If you are a fleet trucking company or owner/operator, you may be very familiar with having to find creative ways to manage your cashflow while waiting for your customers to pay their invoices. You could be waiting for 30, 60…even 90 days for your customers to pay. Meanwhile, you have bills and/or employees to pay. Because of this float time, you may find yourself overextended and having to rely on credit cards or facilities from the bank to keep your operation afloat. However, there is another option to consider.

Running a business can be an adventure. Every week it’s something different – a new problem or a big success. However, there’s one thing that most business owners would happily give up: cash flow issues caused by slow-paying clients. For that reason, many business owners turn to invoice factoring.

Are you looking for creative financing for your small business without having to take out a loan? Have you considered invoice factoring?

Your business is growing! You have worked incredibly hard to become successful, but there may be a few habits you could lose to help your business prosper. It is not always easy to be productive, but it helps if you can avoid sabotaging yourself and your business with bad habits that are correctable. 

The price of oil and gas may continually fluctuate for the consumer or investor, but the job opportunities are plentiful given the fact that oil and gas are essential commodities consumed on a daily basis. For all practical purposes, renewable energy is in its infancy, and while engineers are drawn to the benefits of a career in this field, providing staffing opportunities in the oil and gas sector can be a lucrative endeavor.