Industries That Use Factoring

Factoring has been gaining traction in Canada as a financing solution that can help companies with cash flow problems due to slow-paying clients. This solution is flexible enough that it can be used in most industries that serve commercial or government clients. To learn more about factoring, read “What is Factoring?” What type of businesses can […]

Factoring in Canada

Factoring is a form of business financing that has been gaining popularity in Canada. It helps companies that have cash flow problems because their clients pay their invoices in 30 – 60 days. It’s not that their clients are bad payers – far from it. It’s just that many customers demand net-30 to net-60 days payment terms […]

Selecting a Factoring Company in Quebec

Factoring financing has been gaining popularity in Quebec as a way to finance companies that need to improve their cash flow. However, Quebec is a special market when it comes to factoring, since it uses a set of laws that is slightly different from those of other provinces. As a result, you must select your provider […]

Owner-Operator Financing in Canada

Becoming an owner-operator can be a rewarding move, professionally and financially. However, as a business owner, you have additional responsibilities. You are responsible for getting equipment and for running operations. These responsibilities can be expensive. Unless you have enough capital, you will need financing to get your new trucking business rolling. Financing your truck Getting […]

Should I Give My Customer Net 30 Day Payment Terms?

Most commercial sales to reputable companies are done using trade credit, usually on net 30 to net 60 day terms. In many cases, the client demands credit as a condition of doing business. Obviously, offering trade credit to the right clients can be a great way to grow your business. On the other hand, offering trade credit […]

What is a Load Board for Truckers?

A load board is a website that matches freight shippers (and brokers) with carriers. Shippers and brokers post loads that need hauling. Likewise, owner-operators and fleets can post their available capacity. Load boards allow shippers and carriers to find each other and enter commercial agreements to move the freight. Most freight load boards work in […]

How to Use a Loadboard to Grow Your Trucking Business

In recent years, trucking load boards have been gaining popularity with Canadian carriers and shippers. Load boards offer a simple solution for shippers who need freight moved and for carriers with available capacity. In fact, many owner operators rely solely on load boards as a way to grow their business. Perhaps this strategy sounds easy because you […]

How Receivables Loans Improve Your Cash Flow

It’s not unusual for successful businesses to experience cash flow problems. Problems often occur because you have to pay corporate expenses quickly; however, your commercial clients have 30 to 60 days to pay their invoices. Having a lot of money tied to slow-paying receivables forces you to use cash reserves – leaving you in a […]

How Does Purchase Order Financing Work? A Sample Transaction

In this article, we review how a purchase order transaction is structured and settled. This review should give you a good understanding of how this solution works and help you determine if it’s the right way to finance your company. What is purchase order financing? Purchase order (PO) financing – a financial solution that can […]

Why Do Purchase Order Finance Transactions Require Inspections?

Most purchase order finance companies typically require that the goods they are financing be inspected by an independent company prior to shipment. Usually, the inspection company verifies that the quality, quantity, shipment date, and other parameters meet the specifications of the purchase order. The inspection clause is usually written into the language of the letter […]