Small-business owners need of working capital often turn to merchant cash advances (MCAs) to fill the gap. Given their popularity and the way the terms are presented, it’s easy to think that they’re a simple and cost-effective way to get …
The True Cost of MCA Loans Compared to Alternative Funding Sources Read more »
Cost of funds, cost of capital, cost of debt… they sound similar, but they mean totally different things. Get a full breakdown on the true cost of funding here.
Profit margins have always been slim for freight businesses, but the pandemic brought this issue to a whole new level. As carriers and companies in the trucking industry adapt to challenging economic times and strategize their recovery, cutting expenses has been …
7 Tips to Increase Your Freight Business’s Profit Read more »
Getting ready to compare factoring companies? As with any financial product, it’s essential to become familiar with factoring and how terms differ from one provider to the next. Below, we’ll break down some of the most-asked questions people have when …
6 Ways to Compare Factoring Companies & Find the Best One Read more »
90% of startups fail. Learn why it happens and how to safeguard your company against startup failure here.
Small businesses have historically turned to banks to get the funding they need, but traditional funding is expensive, and it’s always been tough to get approval. In the throes of COVID-19, approval rates further plummeted to a mere 11.5 percent, …
What Working Capital Options Are There for Small Businesses? Read more »
If you’re worried your clients won’t pay their unpaid invoices due to COVID-19 and the residual economic ripples, you’re not alone. In an era where 55 percent of “temporary” small business closures have become permanent, according to Business Insider, and …
How Do You Know Your Clients Won’t Leave You with Unpaid Invoices in 2020 and Beyond? Read more »
Global demand for fuel is down and consumers are paying less, but transportation & freight companies are facing new challenges. Get the details & solutions here.
Nearly 800 trucking companies failed in 2019, taking almost 25,000 trucks out of the industry’s capacity. Is this a sign of things to come? Or is it an overdue correction? Celadon Group, by far, represented the biggest name to fall …
Was 2019 Just a Pothole for Trucking? Or Something More? Read more »
The opening days of the year represent a great opportunity to lay out a road map for future success. A solid, well-founded plan with clear goals can ensure you’ll end up right where you want to be instead of someplace else wondering what went wrong.
