My Business needs a Cash Flow Injection - Invoice Factoring explained

Posted by Gil Oliva on Wed, Nov 12, 2014 @ 08:00 AM

I very much enjoyed chatting with Jesus McDonald about putting prospective customers at ease when they call Bay View Funding with questions regarding invoice factoring and how it could help meet the cash flow needs of their company. 

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Topics: Trucking Factoring, Temporary Staffing Agency Financing, About Invoice Factoring

Freight brokers – Invoice Factoring Provides the Financing Solution

Posted by Steve Barthol on Wed, Jun 18, 2014 @ 08:30 AM

There are certainly many business opportunities to facilitate moving freight from one location to another, and many different types of companies offering their services. So what is the role of a freight broker?

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Topics: Trucking Factoring, Freight Factoring for Trucking Companies, About Invoice Factoring

Providing Trucking Companies with a Financial Road Map to Success

Posted by Seth Herman on Fri, May 09, 2014 @ 07:46 AM

Are you faced with more than just worrying about getting a load delivered on time? And not just juggling the finances, but concerned about paperwork and the administrative burden? Freight factoring may hold the key.

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Topics: Cash for Copies Program for Trucking, Trucking Factoring, Freight Factoring for Trucking Companies

Truck Fleet Management Trends for 2014

Posted by Jesus McDonald on Fri, Dec 27, 2013 @ 07:00 AM

2013 is coming to a close and it’s time to prepare for 2014. Take a moment to review the key trends in truck fleet management for the upcoming year.

 

In an extremely informative article, Mike Antich, Editor and Associate Publisher at Truckinginfo.com, shares the top trends in truck fleet management in 2014. Mr. Antich maintains that 2014 and 2015 will be pivotal years for truck fleet management, and fleet efficiencies; he examines trends in the following three areas: 

1.   Vehicle and Equipment 

Lighter-weight equipment specifications in fleet vehicles will lighten the load and continue to help increase fuel economy. Driver comfort, as well as driver safety will be ongoing priorities for vehicle manufacturers, which in turn will encourage a higher rate of driver satisfaction and productivity. In terms of safety, manufacturers are offering enhanced safety features on basic models, thereby increasing safety at all price points.Fleets are obviously impacted by DOT and CSA regulatory compliance, but safety vs. cost needs to be carefully managed. Some fleets are choosing to downsize to smaller GVW vehicles to manage costs while still maintaining safety.

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Topics: Trucking Factoring, Financing Government Contractors

Truck Factoring Fuel Card Discounts

Posted by Gil Oliva on Wed, Nov 13, 2013 @ 07:15 AM

With freight bill factoring, discounts are available at the pump. You can manage your expenses with an FTS fuel card.

It is a constant challenge to manage and control fuel costs for your fleet. Steady cash flow means less need to worry about fuel costs, and factoring your accounts receivable can certainly help with this, however if paying for fuel can become a little easier, this is an added tool that can work in your favor.

Why should you consider a discount fuel card on top of using freight bill factoring for your accounts receivables? And why is it such a benefit?

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Topics: Fuel Cards for Trucking Companies, Trucking Factoring

Truckers and Freight Bill Factoring - Reliability Matters!

Posted by Gil Oliva on Wed, Oct 23, 2013 @ 07:45 AM

So what is freight bill factoring? and why is reliability so important? 

In simple terms, factoring companies pay you money now for freight bills that your customers may not pay for up to 30 - 60 days. Factoring your accounts receivable helps you maintain a constant flow of cash. In a trucking environment that is by nature hectic, constants are critical! Regular, on time payments from your customers can often be a challenge.

  • How quickly do your customers pay?

  • Do you spend time chasing payments?

  • Have you offered discounts but still spend time collecting?

  • How many of your customers are 'solid' payers?

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Topics: Factoring Companies, The Benefits of Invoice Factoring, Trucking Factoring, Freight Factoring for Trucking Companies

Seasonal Production – Financing the Holiday Rush!

Posted by Aaron Zahedani on Wed, Oct 16, 2013 @ 07:45 AM

Keeping the production lines moving

October is upon us, and many manufacturing companies will be beginning to ramp up production to meet the fast approaching seasonal demand.

Careful strategic planning is vital during this period, and failure to plan accordingly could have a serious negative impact on business.

Social media marketing has helped spread the word about what is popular for the upcoming holiday season, from the best toys, to the most fashionable winter clothing, and the ‘must have’ gifts. Unexpected publicity can put a strain on manufacturers who are not ready to meet the increase in demand. Production must increase, but where will the money come from?

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Topics: Factoring Companies, Manufacturing and Distribution Financing, Cash Flow, Trucking Factoring, About Invoice Factoring

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