How Invoice Factoring Works – In 6 Easy Steps

Share

How Invoice Factoring Works | Riviera FinanaceInvoice 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.

Read more

Costs of Starting Your Own Trucking Business

Share

Create a Trucking Business Plan

Start-Up Trucking BusinessSo, 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