The COVID-19 pandemic isn’t only a threat to human health but also to the economy. For many people, the impact has been disastrous as jobs have been lost and businesses have closed. For the trucking industry, however, the effects have been less clear cut. In some ways, in fact, the virus has actually created more demand for transportation services. Let’s look at some of the ways that the coronavirus has impacted the trucking industry. Read more
If you’re researching ways to finance your business, you may have heard of merchant cash advances (MCA loans) as well as invoice factoring. Both are alternatives to traditional financing, such as bank loans, and easier to qualify for. Yet they differ in several important ways. Before you decide to do either invoice factoring or take out a merchant cash advance, you should understand some key differences.
The following is a comparison of these two types of financing to help clarify matters. Read more
If you’re looking into financing solutions for your business, you may be considering invoice factoring, a process that lets you collect payment on invoices immediately, so you don’t have to wait for clients to pay. Factoring has been around for quite a while but there’s still a shroud of mystery surrounding it, at least for those who haven’t researched it. One area of concern that some businesses have involves the way invoice factoring affects customers. Let’s explore some common concerns so you understand the process a little better. Read more
The coronavirus (COVID-19) has quickly become a major concern for people all over the world. While people are understandably concerned about their health, the virus is also having a serious impact on the economy. The stock market has recently taken quite a hit. Both large and small business owners should be prepared for the effects it can have on their business and industry.
Let’s look at some tips to help protect you from this health challenge as we all hope that it’s soon under control. Read more
For a business that depends on invoice payments rather than cash purchases, late customer payment can be anything from an annoyance to a disaster. According to some estimates, as many as 60 percent of invoice payments are late. When you have regular expenses such as payroll to meet, this can cause serious problems for your cash flow situation. The following are some tips to protect yourself from late invoice payments and enjoy better cash flow.