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for trucking businesses when traditional means of financing are not available. Factoring is proving to be a great financial remedy, particularly as banks and other lenders are becoming less friendly to
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it will not be possible for them to get banks for financing. Unfortunately, banks are not in a position to accommodate all the financial requirements of a company, due to tough credit standards. That
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There is also a growing service and tourism sector. Tourists have contributed to the economy by supporting local lodging. If you need capital right now or are looking to expand then factoring is the
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leaving themselves with a significant amount of time and finance to get through the week until they are paid again. So the next time your trucking business is having some short-term cash flow issues
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Factoring is also known as ‘Accounts Receivable Financing’ because factoring occurs when a business needs to access cash quickly, quicker than if it had to wait the 30 to 60 days (or longer) to receive
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very costly to your business and result in expensive financing terms, increased bond premiums, and other unnecessary costs. We strongly suggest you employ the services of an experienced bookkeeper who'
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leaving themselves with a significant amount of time and finance to get through the week until they are paid again. So the next time your trucking business is having some short-term cash flow issues
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questions or concerns you may have about your factoring account. So, when researching factoring companies, look for a factor who not only offers additional products but provides a high level of customer
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leaving themselves with a significant amount of time and finance to get through the week until they are paid again. So the next time your trucking business is having some short-term cash flow issues
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accounting you could well end up with more expensive financing terms, higher bond premiums, or a number of other unforeseen expenses. It’s very important that you hire a competent bookkeeper because,