Business Loans Blog Posts | Page 7

The 4 Best Factoring Companies For Trucking Businesses

One of the biggest challenges faced by trucking companies is waiting to get paid. You could potentially wait for weeks (or even months!) to receive payments from your customers. Fortunately, there’s a way to get paid quickly: invoice factoring. You can have access to instant (or near-instant) cash instead of waiting 30, 60, or 90 days for your customers to pay. But what’s the catch? In this post, we’ll take a look at invoice factoring for trucking companies.

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Apr 10, 2024 Filed under: Business Loans, Invoice Factoring, Invoice Financing, Small Business

What Is Inventory Financing & How Does It Work?

Inventory financing is a type of asset-based loan in which the inventory you’re purchasing with the loan is used as collateral to secure the loan. Depending on the arrangement, the lender may also require you to put up your accounts receivable as collateral. The amount of financing you receive is directly related to the value of the inventory in question, usually 70 to 80% of the inventory’s value. Read our article for the full story on inventory financing, including rates and terms.

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Aug 22, 2024 Filed under: Business Loans, Inventory Management
franchise loans

Best Franchise Loans

Learn about the best small business loan options for franchisees, whether you need funding to open a franchise, purchase an existing franchise, or keep your franchise business functioning optimally.

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Apr 26, 2024 Filed under: Business Loans