What Working Capital Options Are There for Small Businesses?

small business working capital during covid

Small businesses have historically turned to banks to get the funding they need, but traditional funding is expensive, and it’s always been tough to get approval. In the throes of COVID-19, approval rates further plummeted to a mere 11.5 percent, according to the Small Business…

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Growing Your Small Business

Invoice Factoring Helps Expand Your Business

It’s the American Dream to own and grow your own business. But, whether you’re already flourishing or just getting started, launching a company requires a lot of work and resources. Of course, having a great idea, product, or service is perfect for establishing the foundation,…

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Improving Cash Flow in Tough Times

Business weathering slow down

A common challenge for many small businesses is the feast-or-famine nature of managing cash flow.  Poor cash flow can mean certain doom for an otherwise healthy business. Beware, a cash flow crunch can sneak up on you if you aren’t prepared.  It can affect a…

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Unpaid Invoices: How Do You Ensure Your Clients Pay On Time?

Unpaid invoices

If you’re worried your clients won’t pay their unpaid invoices due to COVID-19 and the residual economic ripples, you’re not alone. In an era where 55 percent of “temporary” small business closures have become permanent, according to Business Insider, and business bankruptcies are skyrocketing 26…

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Was 2019 Just a Pothole for Trucking? Or Something More?

Independent truck driver.

Was 2019 Just a Pothole for Trucking? Or Something More? Nearly 800 trucking companies failed in 2019, taking almost 25,000 trucks out of the industry’s capacity. Is this a sign of things to come? Or is it an overdue correction?  Celadon Group, by far, represented…

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