When considering engaging with a factoring company, thorough due diligence is essential to ensure financial stability and legal compliance. This factoring company due diligence checklist will guide you through evaluating financial records, legal compliance, operational efficiency, and more, helping you make an informed decision and mitigate risks. Understanding Factoring Companies and Due Diligence The due…
Understanding how to calculate invoice factoring rates and fees is crucial for managing your business’s cash flow. This guide will walk you through the key components: discount rates, advance rates, and additional fees, offering clear steps to help you compute the total cost of factoring. Understanding Invoice Factoring Invoice factoring is a financial tool that…
The United States government could shutdown this weekend, starting Saturday, December 21. Here’s what could happen should the shutdown be put in action. If the U.S. government shuts down, it means a temporary halt in non-essential federal services due to a lack of funding. This has widespread implications for payments, affecting federal employees, contractors, and…
Editor’s note: This article contains outdated content but has been left up for anyone searching for this information. Check the EZ Invoice Factoring blog section to find our more recent content. EZ INVOICE FACTORING DOES NOT OFFER FEMA LOADS Hurricane Ida is the latest storm to hit the US. In previous years, drivers would scramble to get…
This page has outdated content. We’ve kept it for informational purposes only. Please refer to our blog for updated content. The transportation and construction industries are thriving, according to a new report. Financial information company, Sageworks released new data that showed the general freight trucking industry is the fastest growing industry in the small business…
This page has outdated content. We’ve kept it for informational purposes only. Please refer to our blog for updated content. Working as a freight broker can be incredibly profitable in today’s economy. A massive trucking shortage coupled with a high demand for trucking services provides entrepreneurs a great opportunity to dive into the industry that…
Editor’s note: This article contains outdated content but has been left up for anyone searching for this information. Check the EZ Invoice Factoring blog section to find our more recent content. Hurricane Ida left a trail of destruction in its path as it worked across the US, claiming 98 lives along the way. Altogether it is estimated…
Editor’s note: This article contains outdated content but has been left up for anyone searching for this information. Check the EZ Invoice Factoring blog section to find our more recent content. EZ INVOICE FACTORING DOES NOT OFFER FEMA LOADS Hurricane Ida is the latest storm to hit the US. In previous years, drivers would scramble to get…
This page has outdated content. We’ve kept it for informational purposes only. Please refer to our blog for updated content. The trucking industry offers some amazing opportunities for people who want to drive for trucking companies and those who aspire to drive for themselves as owner-operators. To keep more money in their pockets, trucking companies…
In the trucking industry, being an owner-operator means being your own boss. Consistent cash flow for owner-operators is essential to keep business moving smoothly and your truck(s) on the road. Unfortunately, customers don’t always pay on time. Freight factoring for owner-operators is an alternative funding option trucking companies can utilize instead of waiting to get…
The information technology (IT) staffing industry is highly competitive and unpredictable. In order to be successful and grow, there is a constant need for working capital. Every IT staffing agency has its own unique strengths, challenges, and goals. Not only are IT staffing agencies challenged with recruiting the best talent but they must also meet…
The trucking industry is an essential part of the American economy. The shipping industry depends heavily on trucking as a means to transport freight. Freight brokers play a crucial role in the shipping process. Working with a freight broker is a very common concept in the trucking industry and can be very profitable when done…
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