Over the last several years, invoice factoring has gained significant popularity as a means of growing trucking and transportation companies. Customers often take an inordinate amount of time to pay outstanding invoices, and some can take as much is three months to pay you for work that cost you upfront in fuel and payroll costs. Invoice factoring — also known as freight factoring — has become a go-to financial resource for trucking companies of all sizes, because it allows them to turn outstanding invoices into immediate cash. However, not every factor is the same, and it pays to do some research before entering into a partnership with a freight factoring company. [Read more…] about Understanding Invoice Factoring
Finance
Only 57% Of Americans Are Financially Literate
Does the concept of risk diversification cause sweat to bead along your hairline? Or maybe it’s compound interest that gets you hot under the collar — inflation that leaves your palms clammy. Now that we’ve triggered flashbacks to freshman year when you barely passed economics 101, take comfort in the fact that you aren’t alone. According to the Financial Literacy Around the World — a survey conducted by Standard and Poor’s Rating Services — basic financial concepts leave millions of Americans perplexed and perspiring. [Read more…] about Only 57% Of Americans Are Financially Literate
How to Apply for a Business Loan Online
Are you desperately seeking working capital for your business? Do you need to buy inventory, invest in equipment, build a website, or hire staff? Well, you are in luck! Over the past several years, financial technology (fintech) innovators have been hard at work designing platforms that can help you get the working capital you need more quickly and easily. Need the credit line as soon as possible? Not a problem; fintech platforms are designed to provide prompt credit decisions and access to cash as quickly as a few minutes. [Read more…] about How to Apply for a Business Loan Online