In order to compete in the business world, you must offer your customers flexible repayment terms on outstanding invoices. While the average is 60 days, you could wait up to 120 days to receive full payment for your company's products and services. This can...
Business Resource Center
Top Resources for Trucking Companies
The trucking industry represents one of the most important sectors of the economy, working in partnership with the country's ports to distribute goods nationwide on a very tight schedule. Those in the industry require a few great resources to do their job...
How to Hedge your Bets with a Factoring Broker
Factoring accounts receivable is a specialized cash flow solution for businesses with variable overhead. While this isn't a run-of-the-mill business solution, it works very well for trucking and transport companies who need fluid assets fast. It is not a traditional...
Trucking and Transportation Industries Heavily Impacted by Superstorm Sandy – How Lines of Credits Can Get Them Back on Track
When I began hunting for early holiday deals a couple of weeks ago, I had no idea what Mother Nature had in store for the Northeast. We’re not talking about your typical Nor’easter. Hurricane Sandy crippled the East Coast infrastructure. Shipping hubs, warehouses, and...
The Benefits of A Business Line of Credit For Trucking and Transportation; Logistically Speaking
Some might say that the auto industry and the business line of credit are a perfect match. Why? Two words: logistics management. The trucking and auto repair industries have one thing in common; they must always be ready with a supply to meet the demand for service....