Working Capital Options As a business owner, business working capital is crucial and establishing a steady cash flow is essential. You are generally presented with a set of options. These options often include invoice factoring and purchase order financing. Now, the big question is, which one should you go for. Well, let’s get a better […]
Debtor finance
The Importance of Knowing your Break Even Point (BeP)
What is Break Even? BeP or Break Even Points are at the very core of what determines success for your business; they determine one of the most basic aspects of a trucking business – the hauling rate. The reason why so many trucking firms fail is because they don’t factor in operational costs when establish […]
The Benefits of Factoring
Factoring for Freight Brokers For every business, there are days when cash comes in and days when it doesn’t. However, with banks making it harder and harder to access credit, the situation is getting a bit more difficult. Fortunately, there is a solution available in the market and it’s called factoring, sometimes called debtor finance […]
It’s Easy: The Typical Freight Factoring Process
Factoring Or Invoice factoring is a great way to achieve financial stability and smooth cashflow for your trucking business. But, there’s something else that makes the option even more suitable than other types of financing or business loans – let’s look at the process. The process to have your invoices factored using debtor finance and […]
How to Run a Trucking Business that Makes a Profit
The Trucking Business is a tough one, but, also can be quite profitable if you know what to do. However, if you’re someone who is just stepping into the business, here are a few basic tips to help you get started on the path to success. Proper equipment This is the first step towards making […]
How to Choose a Freight Factoring Service?
So, is your freight or trucking business on the lookout for a factoring service? Someone, who with factor your invoices or freight notes? Well, if you are, we understand how tough it can be. There are so many things that you need to consider and all of that can lead to confusion. However, there’s nothing […]
Factoring Vs. Bank Loan
Does your trucking business require funds immediately to keep operating? Well, if that’s the case, you’re likely to consider going for a business loan. After all, you can’t depend on your receivables, especially when the time is of the utmost importance. However, instead of going in for a bank loan, you should probably try opting […]
Common Factoring Errors To Look Out For!
So, you’ve decided to opt in favor of factoring in order to sort out your cash flow woes? Well, you’ve made an excellent decision. Factoring is a fantastic way to make sure your business cashflow stays in shape till the actual profits roll in. However, before you do enroll into a factoring program, make sure […]
How Factoring Saved a Trucking Business
Background The client was a privately owned long haul transport business. They had never heard of factoring. They were trading well, Dad drove one truck and Son drove the other. Everything was going well enough so they decided to purchase a new Truck (Prime Mover). Not long after that, a friend of the family died […]
Invoice factoring is not only for big businesses?
There are lots of finance options that suit business owners who have a large established businesses. Often these won’t suit your transport businesses. One finance tool to consider is invoice factoring. Sometimes this is called debtor finance, invoice factoring or even freight note factoring for transport companies or truckers. In can solve a lot of […]
