Invoice factoring is a type of alternative financing that helps businesses improve their cash flow situation. It can be used in place of or sometimes in addition to other types of financing such as equipment financing, unsecured loans, and venture capital.
Let’s take a closer look at how invoice factoring works so you can decide if it’s worth considering for your own business to help with cash flow and more.
If you have a business today you need to be vigilant about online security. Passwords are one of the most essential tools, as part of your business cybersecurity plan, to protect you against hackers. Here are 10 password security tips to safeguard your business. Read more
If you want to attract more website traffic and customers, it’s essential to keep up with the very latest digital marketing and other business strategies. As Google, social media and other platforms constantly change, you need to keep up in order to stay ahead of the competition. Here are eight tips to help you grow your business.
So, you’ve decided to start your own trucking business. You’re tired of “working for the man” and you want to be the master of your own destiny. You have your own truck lined up, a few years of experience, a customer that wants you to haul for them and you have some money put away to help get you started.
You have done the research in the trucking industry; spent hours online and checked out dozens of websites including OOIDA, DAT, Tucker’s Report and more that explain authority, insurance (truck/health), profitability formulas, load boards, ELD services, compliance, taxes, etc. You’ve talked to some other drivers that either currently have their own business or used to. A family member has agreed to help you out by handling paperwork and assistance managing the load boards. You’re all set! Read more
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.
