Supply chain financing is a set of financing tools that allows a company to improve its cash flow. The most common tool in the supply chain financing tool set is reverse factoring. However, there are other tools such as supplier financing and purchase order financing. Invoice factoring, on the other hand, is a trade financing […]
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Supplier Financing Qualification Criteria
Supply chain financing refers to a number of tools that can help a company with its working capital and financial operation. Here is additional information about how it works. This article lists the most important requirements to qualify for supplier financing. To qualify for supplier financing, you should: 1. Be a manufacturer or distributor Supplier financing […]
Manufacturing Loans: Six Realistic Financing Options
Summary: Manufacturing companies are usually resource-intensive businesses. They require substantial financing to get started, operate, and expand. This challenge creates an ongoing financial need that burdens many small manufacturing companies. This article discusses six financing alternatives for different aspects of your manufacturing business. We cover the following: Overview General purpose financing Finance cash flow Finance […]
Should Owner-Operators Use a Truck Dispatch Service?
Working with a truck dispatch service company can be one of the best – or worst – decisions that you ever make. It’s a decision you should make carefully. In this article, we discuss: Can a truck dispatcher help your company? How to select the right dispatcher How do they compare to freight brokers? 1. […]
Financing for Trucking Dispatchers
Transportation dispatchers play a critical role for owner-operators who are looking to grow their businesses. They help carriers with a number of critical tasks including finding loads, negotiating rates, keeping trucks on schedule, taking care of paperwork, and so on. Unlike freight brokerages that represent themselves, dispatchers represent owner-operators. This difference is important. Dispatchers are […]
How to Get Out of Merchant Cash Advance Loans
Merchant cash advances have become a very popular form of financing among business owners. They are easy to get and set up. Their apparent convenience attracts companies that don’t want to go through the conventional lending process. There is one catch The speed and convenience of cash advances come at a steep price. These loans […]
Why You Shouldn’t Refinance an MCA with a Cash Advance
Merchant cash advances are a popular but very expensive form of business financing. Companies that have excessive cash advance debt often look to refinance (or consolidate) these loans to escape from their high weekly cost. In this article, we take you through a merchant cash advance refinancing transaction and discuss why merchant cash advances are […]
Should You Refinance Your Merchant Cash Advance? How?
Companies that struggle with their merchant cash advance (MCA) debt often consider using debt refinancing. They anticipate that this option will solve their financial problems. However, the decision to refinance debt isn’t easy. Using the wrong product to refinance your debt can leave you worse off. If done incorrectly, it could lead to the failure […]
How to Get a Small Business Debt Consolidation Loan
In this article, we discuss the steps you need to take to get a debt consolidation loan for your company. While the actual steps vary by lender, most lenders follow this process. We also discuss the documents that lenders request from you. This information will help you be better prepared for the application process and […]
Requirements for Business Debt Consolidation / Refinancing
In this article, we discuss the requirements for a business debt consolidation and refinancing loan. Qualification requirements vary by lender. However, most lenders in this market have similar requirements. In our case, we work specifically with small companies that have: At least $500,000 in debt A minimum history of 3 years in business Equipment and/or […]