The trucking factoring mistakes that cost carriers the most and get the least attention are skipping broker credit checks before hauling a load, never tracking factoring costs against actual load…
Invoice factoring for manufacturers is a financing arrangement in which a factoring company purchases a manufacturer’s unpaid customer invoices and advances most of the invoice value, usually within one to…
The invoice factoring challenges that matter most for carriers are how broker versus shipper payment behavior drives factoring cost differently; fuel and operating costs that come due before a load…
Did you know that nearly half of all business-to-business (B2B) sales are made on credit in the U.S., per Atradius? And despite customers having an average payment term of 45…
Issuing payments promptly isn’t just the right thing to do. In the construction industry, payment timelines are often mandated by law. In this construction payment laws compliance guide, we’ll walk…
Learning financial jargon for entrepreneurs is a lot like picking up a whole new language. The good news is that there are surprisingly few financial terms new business owners need…
Trying to calculate the return on investment (ROI) of a quick pay program for your construction firm? The good news is, if you’re a general contractor (GC), you can probably…
Not sure how to invest as a business owner? While the options are seemingly endless, and there’s no shortage of small business investment advice either, it can be difficult to…
Should I use a factoring company? Long before anyone signs on the dotted line, this is the question business leaders weigh heavily. The good news is that the advantages of…
If you’re following “standard” construction payment practices, you might be doing your subcontractors a disservice and shortchanging your construction company’s growth as a result. On average, general contractors (GCs) think…
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