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…
Do you invoice your customers after goods or services are delivered? It’s common in the U.S., with nearly half of all B2B sales leveraging the mode, Atradius reports. Net-45 is…
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…
Nearly two in five small business owners say a single late payment makes it hard to cover payroll or bills, QuickBooks surveys show. Further, if you have unpaid invoices, the…
Looking for ways to maximize factoring benefits? For many businesses, the immediate working capital it provides without creating debt is more than enough. However, there are lots of additional strategies…
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…
We started funding the transportation industry in 1999, and it is still at the heart of what we do. Since then, we have funded over $1 billion for trucking companies,…
Choosing a factoring company is a significant decision. The provider you work with will be handling your invoices, communicating with your customers, and advancing capital against your receivables on an…
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