Every business has cash obligations that it must meet. Chief among these obligations is payroll. Whether paid weekly, biweekly or monthly, payroll is a crucial cash need for most businesses…
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Why do so many trucking and transportation companies include freight factoring as part of their financing toolkit? The business rationale for factoring trucking receivables is primarily based on the ease and convenience…
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Imagine having a business financing option that provides immediate access to funds without incurring debt. Now imaging if that financing was flexible with minimal loan covenants and expandable credit limits.…
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Trucking companies cannot depend on the banking system to provide working capital solutions or trucking business loans. Prior to the coronavirus (COVID-19) outbreak, carriers and brokers had great difficulty getting…
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It was late on a Friday afternoon and I was already thinking of what seasoning I was going to put on the steaks when I took that last call. I…
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During this period of national crisis, the extreme peaks in demand for capacity combined with a faltering economy have heightened the difficulty of maintaining positive cash flow for truck company…
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No matter how much the world changes around us, one thing that remains constant is the need for truckers to know how to find loads to haul. Through freight recessions…
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It’s a good thing that truckers are a tough breed as these are certainly tough times we’re in. During the first half of 2019, approximately 640 trucking companies went bankrupt…
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