Merchant cash advances (MCAs) have become a popular way to finance a small business. This solution allows you to finance future sales and get funded quickly. As a result, an MCA can be a useful option in certain circumstances. Like any financial product, merchant cash advances have both advantages and disadvantages. This article helps you understand the […]
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What is a Merchant Cash Advance?
A merchant cash advance (MCA) is a form of financing that allows a company to sell a portion of its future sales in exchange for an immediate payment. This financing provides your company with funds to pay operational expenses and to grow. There are a few ways to repay the financing line, depending on your type of business. […]
Using Factoring to Finance a Home Health Care Agency
Managing cash flow is one of the most important tasks of running a home health care agency, second only to providing good care to your patients. However, cash flow is often unpredictable and hard to manage. This difficulty can lead to financial problems. The greatest expense for most home care agencies is staffing costs. It’s also […]
The Best Way to Collect Unpaid Invoices
Summary: Collecting unpaid invoices is probably one of the most tedious tasks of running a business. However, it’s also the most important one. Getting paid on time is vital to the success of a company. It brings in the money to pay employees, suppliers, rent, and yourself. Consequently, it’s essential to handle collections well from […]
Inventory Financing vs. Accounts Receivable Factoring
Summary: Invoice factoring allows companies to improve cash flow by leveraging their accounts receivable. Inventory financing, on the other hand, enables companies to leverage the funds tied to their inventory. However, most small business owners misunderstand each solution’s role in their company. This misunderstanding often leads to expensive mistakes. Invoice factoring is more flexible and […]
How Does Inventory Financing Work?
Inventory financing is a form of asset based lending that allows you to leverage your inventory. This can help improve your company’s cash flow and provide funds to pay for business expenses, or to purchase additional inventory. This type of financing is useful if you are unable to get higher credit terms from suppliers/vendors, or […]
Business Line of Credit Qualification Requirements
Business owners who need financing often look for a line of credit. Lines of credit are very flexible and can provide your company with working capital when needed. They can be useful if your revenue is seasonal or if your business is growing quickly and you need money to pay for expenses. Furthermore, lines of […]
How Does a Commercial Line of Credit Work?
Business lines of credit are one of the most popular and most misunderstood financing products for small businesses. This article helps you understand how a line of credit works and gives you an idea of the qualification requirements. More importantly, it helps you decide if a commercial line of credit is the right solution for […]
Best Trucking Forums for Owner Operators
Running a small trucking company can be difficult, especially for new owner operators. One great source of industry advice and information are the trucking forums. They are a great way to connect with fellow drivers to share tips and information. In our experience, they have proven to be a valuable resource for truckers. Owner operators forums The following […]
Best Trucking Forums
Running a trucking company can be overwhelming sometimes, especially for new truckers. There are so many things to learn and figure out. One of the best places to get useful information about the business are the trucking forums. They allow you to connect with more experienced truckers and ask them questions. In our experience, these […]