Why Underground Utility & Cabling Companies Use Invoice Factoring

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Underground Utilities and Cabling Companies- Blog ImageIf you work with commercial clients, utility companies and general contractors, you can count on getting steady work. The downside to these clients is that they often take a month or longer to pay their invoices. Waiting for payments can cause cash flow challenges. You need to pay your employees and keep up with other business expenses. One way for underground utility & cabling companies to remedy this situation is through invoice factoring. Read more

10 Ways to Increase Profitability of Your Trucking Business

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increase profitability of trucking businessRunning a profitable trucking business isn’t easy these days. There’s lots of competition, fuel prices are rising and customers can be inconsistent with their orders and payment schedules. Nevertheless, there are certain strategies that can help you boost your profits and grow your company. Here are 10 of the best ways to make your trucking company more profitable.

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Purchase Order Financing During COVID-19

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Purchase order financing during covid-19COVID-19 has been stressful and challenging on many levels. In addition to health concerns, the economy has suffered greatly with many jobs lost and businesses shutting down or filing bankruptcy. With the slowdown in many industries and traditional lenders’ underwriting process becoming more stringent, many business owners have discovered the benefits of alternative financing such as invoice financing and purchase order financing.

Traditionally, importers and distributors of consumer goods & supplies selling to retailers were most often using purchase order financing to grow their businesses.  In the new landscape, many retailers are requiring longer payment terms which only increases the need for companies selling to them to obtain short-term funding such as purchase order financing and accounts receivable factoring.

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