When you have outstanding invoices, it can usually take up to 90 days for a client to settle the bill. Invoice factoring is when you sell these invoices to a third party for an immediate cash advance on the balance due.
As a trucking company, one of your most significant overhead costs is fuel. Although you are likely already using as many fuel-saving measures as possible for your fleet, it can still be challenging to manage these expenses, particularly when you’re waiting on outstanding invoices from clients.
Every company is different, which is why we make sure to offer customized factoring services for all of our clients. We will work with you to figure out the right solution for your cash flow issues so that you can get the money you need without having to pay high fees or interest rates.
As a trucking company, life is always on the go. Because demand for freight shipments and deliveries is nonstop, you and your fleet have to be able to adapt to changes immediately.
Running an oil and gas company means that you have high overhead. Meeting payroll demands, maintaining equipment, and managing your onsite operations can mean that you’re unable to wait for money to come in from clients.
As a heavy construction company, you can work for a wide array of clients and businesses. Whether you’re building a new office complex, a bridge, or some other kind of infrastructure, you need to be able to manage your cash flow at all times.
As a small business owner, you have a lot to worry about in your daily operations. However, one element that can often loom over everything you do is cash flow. All too often, small businesses find themselves in a financial bind, particularly when it comes to accounts receivable.
The modern world relies on trucking more than ever. On-demand delivery and a growing reliance on shipping mean that trucking companies are on the front lines of emerging markets and growth sectors.
Because these businesses are so vital to our economic infrastructure, it’s imperative that they have the tools they need for financial flexibility and stability. That’s where Synergy Funding comes in.