Business Loans vs Invoice Factoring: Which is Best?

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Anyone looking for a financing solution might be wondering if a business loan or invoice factoring is the better choice. Before you decide, it’s important to understand the pros and cons of each type of financing solution.Business Loans vs Invoice Factoring

What are Small Business or Term Loans?

A term loan or small business loan is one of the most popular types of financing for small businesses. You might get a business loan from a bank or from the Small Business Administration. This loan comes in a lump sum and must be paid back with interest. When considering a term loan, it’s essential to be familiar with the conditions, including the amount of time you have to pay it back and the interest rates. You may want to look into various loans and identify one that has the most favorable terms.

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What to Look For When Choosing a Fuel Card

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A fuel card can help your trucking company save money. They also provide a convenient way for drivers to pay for fueling. If you decide you want to use a fuel card, you have many choices. Let’sfuel card for trucking company look at how to compare fuel cards and find the one that works best for you.

The Advantages of Using a Fuel Card

The main reason for trucking companies  to use a fuel card is to save money at the gas pump. With energy prices fluctuating and the prospect of higher prices, a trucking business needs to save money in every way possible. Fuel cards offer cash discounts as well as rewards based on usage. Read more

9 Advantages of Invoice Factoring For Growing Your Business

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Business growth with Invoice factoring Any B2B business that is looking for ways to boost cash flow without taking out a traditional loan may be interested in invoice factoring. When invoices are factored, you receive immediate payment from the factoring company instead of having to wait for business clients to pay. There are numerous ways that invoice factoring can contribute to better cash flow and business growth. Read more

How to Extend Credit to Customers the Smart Way

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How to Extend Credit to Customers

One decision every business has to make is whether or not to extend credit to customers. Providing customers with credit allows them to obtain goods and services now while paying for them later. At the same time, you have to be careful to do this in a way that’s responsible and doesn’t harm your cash flow. Let’s look at how to extend credit in a way that’s beneficial to both businesses and their customers.

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How to Properly Switch Factoring Companies

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Switching Factoring CompaniesA factoring company can allow your organization to fill the gaps between service and payment and ensure you have a reliable, steady stream of cash flow for your business. In some cases, though, you may need to make the switch from one factoring company to another. The most common reasons for making a switch include cost and overall quality; learning more about why you might want to make a change and the steps needed to switch from one factor to another can help you make the most of the process.

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