Have Bad Credit? How to Still Get Funding for Your Small Business

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Have Bad Credit? How to Still Get Funding for YouFunding For Small Businessesr Small Business

Your business credit score has a large impact on your ability to get funding for a small business. This is a major obstacle for anyone with bad credit. It’s also a problem if you don’t have much credit history at all. Banks are reluctant to take any risks when it comes to lending money to businesses without strong credit. Read more

Assistance for Black & Decker Freight Providers Amid IPS Worldwide Bankruptcy Filing

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4 Leading Trucking Industry Trends to Watch For in 2019Riviera Finance, a nation-wide freight bill factoring company can help freight providers for Stanley Black & Decker affected by the IPS Worldwide bankruptcy to get paid on their current invoices.  Riviera will guarantee the credit of any invoices they purchase so the carrier can eliminate credit risk and will be paid within 24 hours of verified delivery.
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Truck Factoring 101: Transportation Factoring Basics

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Transportation Factoring BenefitsFreight and trucking companies depend on healthy cash flow to stay on the road. As with most businesses, you probably experience fluctuations depending on the time of the year and economic conditions. You need cash to pay drivers, maintain your vehicles, purchase fuel and cover other business expenses. Transportation factoring is a way to ensure that you always have cash on hand.

What is Transportation Factoring?

Transportation factoring or freight bill factoring is a way to sell your unpaid invoices for immediate cash. The truck factoring company provides you with up to 95% of the value of your invoices and takes responsibility for collecting from your clients. Unlike other types of financing, such as bank loans, you don’t need a long business history or pristine credit to get approved for transportation factoring. The factoring company is more concerned with the credit history of your clients as they are the ones who are paying. Read more

How Invoice Factoring Can Help a Seasonal Business

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Invoice FactoringMany businesses are seasonal and experience spikes and valleys during different times of the year. For example, if your business depends on summer tourist traffic, sales may be slow during the winter. On the other hand, you may have a business that depends heavily on holiday sales. In such cases, it can be tricky to maintain healthy cash flow during the slower periods.

There are many tactics to help offset cash flow problems. For example, you might introduce new products or services that are popular during your off season. Another very effective way to enjoy steady cash flow is to use invoice factoring, a type of financing that lets you collect payment up front for your invoices. Read more

How Much Cash Should Your Small Business Keep in Savings?

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How Much Cash Should Your Small Business Keep in Savings?If you have a small business you know how important it is to have sufficient cash flow. You need cash for everyday expenses such as payroll, rent, utilities and supplies. Some financial advisors recommend having up to six months in operating expenses to be safe. The exact amount you need, however, depends on the amount of cash that typically flows in and out of your business. Let’s look at some of the criteria you need to consider when calculating the amount of small business savings you need. Read more