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Thoughts and ideas from BP Financing

  • FAQs about Small Business Factoring
    April 14, 2024 at 4:00 AM

    Small business factoring is a financial solution that empowers small businesses to maintain a steady cash flow by selling their accounts receivable to a third party at a discounted rate.

  • Why Partner with New York Factoring Companies
    March 8, 2024 at 5:00 AM

    In the world of shipping and logistics, cash flow is the lifeblood of any business. From meeting payroll deadlines to investing in new equipment, having ready access to capital is vital for success. This is where New York factoring companies come in as ...

  • The Top Industries that Benefit From Freight Factoring
    February 9, 2024 at 8:00 AM

    One thing that keeps many businesses from reaching their full potential is adequate funding. Freight factoring offers a practical solution by converting unpaid invoices into working capital, enabling businesses to sustain operations, cover expenses, and...

  • Signs Your Company Needs Factoring
    January 14, 2024 at 5:00 AM

    Are you looking to improve your company's cash flow and streamline your financial processes? Look no further than factoring with BP Financing.

  • Dispelling Misconceptions About Factoring Service Centers
    December 11, 2023 at 5:00 AM

    Have you ever found yourself struggling to maintain a steady cash flow while running a transportation or logistics business? If so, you may have come across the term "freight factoring." In this helpful guide, we aim to demystify factoring ser...

  • How to Choose a Factoring Company
    November 15, 2023 at 5:00 AM

    Choosing the right factoring company for your business is one of the most essential decisions you will make. While it’s not as important as expanding into a new market, the invoice factoring company you work with can mean the difference between a profit...

  • What are Factoring Services and How Do They Work?
    October 9, 2023 at 10:00 PM

    Cash flow management is an essential aspect of running a business, and it can make or break a company. Many businesses, especially small ones, struggle to get paid on time by their customers, which often causes a bottleneck in cash flow. That’s where fa...

  • 5 Benefits of Factoring for Trucking Companies
    September 6, 2023 at 11:00 PM

    If you are a part of the trucking industry, you know how much time and effort goes into managing and growing the business. While trucking is undoubtedly a rewarding business, it can also be challenging. Trucking companies often deal with delayed payment...

  • What is Invoice Financing and How can BP Financing Help?
    August 27, 2023 at 7:00 AM

    Running a successful business is no easy feat. As an owner or manager, you have to tackle every problem that comes your way. But one issue that trips up many companies is cash flow gaps.

    You provide services or products to your clients with the ex...

  • How factoring companies for small businesses help operations
    July 11, 2023 at 12:00 AM

    Even successful small and medium-sized businesses often face cash flow challenges in their monthly operations. Busy routes, full schedules, or in-demand products don't change that business owners face 30 to 45-day waits for payments on invoices—and...

  • How NYC Factoring Companies Can Help Your Business
    June 7, 2023 at 4:00 AM

    As a business owner, managing cash flow is one of the most critical aspects of running a successful operation. However, it can also be a time-consuming and stress-inducing part of running your business. For transportation businesses, NYC factoring compa...

  • Why Work With a Professional When Factoring for Trucking
    May 16, 2023 at 7:00 AM

    Thanks to the fluctuating economy, it’s more important than ever to maintain a healthy cash flow for your business. One of the most effective solutions for managing your company’s finances is partnering with a factoring company. But what is it, and why ...

  • What Is a Factoring Company? A Comprehensive Overview
    April 9, 2023 at 5:00 AM

    In today's fast-paced business environment, maintaining a healthy cash flow is crucial for a company's survival and growth. One effective solution for managing your company's finances is partnering with a factoring company. This comprehen...

  • How Your Company Can Benefit From Invoice Finance Options
    March 7, 2023 at 5:00 AM

    In business, cash is king. It allows you to pay suppliers to fulfill orders, compensate your employees, and ensure all your bills are current. However, sometimes cash flow can slow down, and that can create problems, especially if you receive a large or...

  • Key Services Offered by Trucking Factoring Companies
    February 14, 2023 at 7:00 AM

    Trucking companies need cash flow to operate, but the costs associated with running a trucking business can be quite expensive. So what do you do if you require money and don’t have the available capital? You rely on the services offered by a t...

  • Common Misconceptions About Factoring Companies in New York
    January 11, 2023 at 10:00 PM

    Factoring is the commonly misunderstood practice of buying and selling invoices that have yet to be paid. For businesses that need a steady flow of cash but hav...

  • Why use a trucking factoring company vs a general service?
    December 20, 2022 at 1:00 AM

    Do you own a trucking or freight business? Chances are that you’re always looking for ways to save money, improve your cash flow, and maximize the profitability of every job. When you rely on the services of an experienced trucking factoring company, yo...

  • How Does Invoice Factoring Help Small Businesses?
    November 12, 2022 at 8:00 AM

    Around 200,000 small businesses are established every quarter in the United States. And while they may encompass different industries, they all require one common thing to function — a steady flow of working capital. One of the biggest challenges small ...

  • What Are the Two Main Types of Accounts Receivable Factoring?
    October 18, 2022 at 7:00 AM

    Depending on the size of your business or your financial situation, you may not want to wait for money that’s held up in accounts receivable. Luckily, there is a method known as accounts receivable factoring that is used by businesses to make money from...

  • Truck Factoring Companies vs. Banks
    September 21, 2022 at 7:00 AM

    The trucking industry has seen unprecedented growth in 2022. In particular, demand for capacity continues to increase, and companies are earning higher freight rates. Despite the recent development, banks are beginning to protect the amount of their ris...

  • Different Ways to Use a Freight Factoring Company
    August 16, 2022 at 4:00 AM

    Running a trucking company isn’t easy, and it’s only gotten more difficult with the worldwide supply chain issues we’re collectively facing. That’s why it’s important to have helpful partnerships, and one such partnership that many owners are turning to...

  • Does your business need a trucking factoring company?
    July 11, 2022 at 10:30 PM

    Waiting 30, 60, or 90 days for customer payment makes running a business more stressful than it needs to be. When customers don’t pay their invoices on time, you can end up dealing with collections instead of focusing on running your company. While ther...

  • Is Invoice Financing a Good Idea for Small Businesses?
    June 8, 2022 at 5:00 AM

    For businesses to operate successfully and continue to scale, they need a steady cash flow. But even if a business is selling its services or products and has a good base of clients, actually receiving the money for these services can take longer than i...

  • What a factoring company like BP does for trucking businesses
    May 10, 2022 at 7:00 AM

    For trucking businesses, accessible cash is essential to optimal performance and growth. However, receiving payments from customers can take weeks or even months. Fortunately, a factoring company for trucking businesses can streamline this process. At B...

  • Should you factor freight to optimize cash flow?
    April 7, 2022 at 4:00 AM

    The average cost of operating a commercial truck is high, and it’s only getting higher in the face of issues like rising gas prices and various shortages of critical resources. For a trucking company that’s only just beginning to find its footing, these...

  • What to consider before using factoring for your business
    March 15, 2022 at 7:00 AM

    In business, when you need capital but lack access to it, you’re as good as dead in the water. Unfortunately, bank loans can take months to be approved, and other forms of lending can verge on predatory. Fortunately, factoring for your business is an ex...

  • An Overview Guide to Invoice Factoring Companies
    February 16, 2022 at 10:30 PM

    Cash flow is an issue for businesses of all sizes, but for small and midsize organizations, cash flow issues can cripple your ability to operate. Business owners don’t have to take on additional debt to maintain operational costs like payroll and vendor...

  • 5 reasons factoring is the best financing option for a small business
    January 15, 2022 at 7:00 AM

    Money can stretch pretty thin sometimes when you’re running your small business. Whether it’s because you had a slow month or clients aren’t paying up on their invoices, it’s not uncommon for a small business to need some extra capital to get through th...

  • BP Factoring Loan Services vs. Traditional Bank Loans
    December 13, 2021 at 10:30 PM

    When you’re establishing a freight company, waiting for customers to pay their invoices can put undue strain on your business. Building your enterprise to the point where you have sustained cash flow regardless of how long it takes customers to make pay...

  • 3 Ways BP Financing Helps Businesses Succeed
    November 9, 2021 at 10:30 PM

    Running a small or medium-sized business requires a lot of learning on the job. Even as an expert in your industry, it takes time to learn all the resources available to keep your company operational when facing obstacles and unforeseen pitfalls.

    ...

  • Signs your company needs accounting and invoice factoring services
    October 26, 2021 at 7:00 AM

    If you’re not a trained accountant, managing your books can feel like an overwhelming process. From balancing your budget to collecting on unpaid invoices to paying out payroll. What’s more, it’s not uncommon for growing businesses to have a shortage of...

  • How factoring services for trucking companies get drivers paid faster
    September 14, 2021 at 4:00 AM

    Getting your workers paid on time is an important part of making sure they get what they’re owed for their hard work and that they remain satisfied working for your company. Getting payments out on time, though, isn’t always as easy of a task as it migh...

  • Should I use factoring services for my small business? Yes, this is why
    August 22, 2021 at 7:00 AM

    An unfortunate part of running a small business is that you’re often running your operation by depending on the next invoice payout from your clients. However, not all your clients are going to be the best about making payments on time and others will b...

  • How factoring services for businesses help employee satisfaction
    July 14, 2021 at 7:00 AM

    Cash flow is inextricable from your business’ success. Without healthy cash flow, you miss opportunities, and your company flounders instead of flourishes. Most devastatingly, however, your employees lose faith in you, and this often results in ruin. Ho...

  • How BP Financing’s invoice factoring can help your business
    June 24, 2021 at 7:00 AM

    As a small business, growing pains are expected. However, limited working capital isn’t just a growing pain. It’s a potentially terminal issue for your business that requires immediate remediation. Without available working capital and a reliable cash f...

  • From Factoring Company for Truckers: 3 Ways to Support Freight Drivers
    May 9, 2021 at 11:00 PM

    The work freight drivers do requires sustained concentration, long periods away from home, and keeping to increasingly tightening regulations. Many often find the job too taxing, explaining why driver turnover for small fleets Read more

  • What are Freight Factoring Services?
    April 8, 2021 at 11:00 PM

    Receiving payments on net-30 or net-45 terms can put a strain on your small or medium-sized business. That’s because ready access to funds makes a significant difference in how your business operates and performs.

    Freight factoring is a solution ...

  • 5 things you may not know about BP Financing
    March 10, 2021 at 7:00 AM

    Running a business is hard. From managing the day-to-day operations to balancing the budget, it’s a stressful job. At BP Fina...

  • 3 critical factoring solutions for your small business
    February 9, 2021 at 11:00 PM

    Being a small business often feels like an uphill battle. There are abundant obstacles that could impede you and your success. One such obstacle is money. Whether it’s availability or waiting on payments, there are few more crippling restraints. If you’...

  • 5 benefits of factoring your New York company with BP Financing
    January 11, 2021 at 8:00 AM

    Factoring is a type of business financing that allows you to bridge the gap between the time you complete your work and when your clients pay you, especially if you’re a small or medium-sized business that doesn’t have any additional capital to spare.

  • Know the benefits of factoring while preparing for the next fiscal year
    December 8, 2020 at 7:00 AM

    When you’re running a small- or medium-sized business, your cash flow is important and sometimes it doesn’t feel like the flow goes at the same pace as the need. If your business has never used a factoring service, Read more

  • 5 Reasons to Consider Freight Factoring for Your Business
    November 19, 2020 at 5:00 AM

    A common problem freight companies face is getting paid for their services promptly after making a delivery. Often, they have to wait for days or even weeks before receiving payment for their invoice in full, and that creates cash flow issues that negat...

  • What to Expect from Experts’ Factoring Services for Businesses
    October 22, 2020 at 6:00 AM

    Freight companies’ debts can quickly become an overwhelming challenge that prevents them from making the moves they need to grow their business. And, in some cases, prevents them from functioning at the level needed just to keep them afloat. Factoring s...

  • How to choose the best freight factoring service for your business
    August 28, 2020 at 7:00 AM

    They say cash is king. But when you’ve completed your work and don’t have the money to show for it, a lack of cash can cause huge problems for you.

    This issue is especially prominent in the trucking industry, where it’s not uncommon to receive pa...

  • Understanding The Dynamics Of Debt Factoring
    August 14, 2020 at 4:00 AM

    Debt factoring can get you the cash you need immediately without the hassles of waiting for a client to pay your invoice. Simply put, debt factoring is the act of selling your unpaid invoices at a percentage of what is worth. You can grow from d...

  • Why Do Factoring Services Matter?
    July 22, 2020 at 6:00 AM

    Factoring services are one of the most beneficial services businesses can take advantage of when it comes to keeping an operation running smoothly. Both small- and medium-sized businesses that need cash benefit from factoring, as it gives companies the ...

  • Signs you might need debt factoring
    June 17, 2020 at 4:00 AM

    Most companies do not ask for cash on delivery when selling bulk goods and services, especially when trading with other businesses. In such cases, sellers usually offer flexible payment terms extending over a few weeks or months. Doing so helps the busi...

  • Invoice Factoring for Small Businesses: Busting Common Myths and Misconceptions
    May 11, 2020 at 4:00 AM

    Small business owners face many challenges. Collecting monies from clients should not be one of them.

    At BP Financing, we offer invoice factoring for small businesses, turning unpaid customer invoices into fast cash. Our company has been providing...

  • 3 Lesser-Known Benefits Of Factoring
    April 16, 2020 at 4:00 AM

    Your business's financials have a wide array of lesser-known dynamics that can benefit your business and increase the amount of capital you have to work with. There is plenty of money to be harvested in almost every sector of your business and when...

  • Invoice Factoring for Business: Answers to FAQs
    March 12, 2020 at 4:00 AM

    Invoice factoring is a popular financing strategy for businesses. The invoice factoring industry generated $4.9 billion last year. This...

  • How Debt Factoring Can Improve Your Business Cash Flow
    February 18, 2020 at 5:00 AM

    The most important aspect of running a business is getting paid. Money is the oxygen and the lifeblood of any business. Delays in payments can cause problems, or even cripple a business. 

    Most small and medium sized businesses require consistent a...

  • A Guide to Freight Factoring For Trucking Companies - From BP Financing
    January 16, 2020 at 5:00 AM

    One of the most difficult issues for most small businesses is the challenge of getting paid on time. Customers and clients occasionally have difficulty coming up with money, or wait until the last opportunity to pay for a variety of reasons.

    Regar...

  • Benefits of Factoring From BP Financing
    December 17, 2019 at 5:00 AM

    Business professionals from sole proprietorships to the Fortune 500 all have unique perspectives, but share the same insight on one issue. Many times it’s hard for a business to get paid what it is owed.

    This causes serious problems for many busin...

  • BP Financing - Providing Invoice Factoring Services and Much More
    November 15, 2019 at 5:00 AM

    One of the toughest jobs tasks of running a small or medium-sized company is collecting invoices. 

    In our experience, many businesses of this type have thin profit margins. If you are in this category, most of your income might end up poured right...

  • Introduction to BP Financing
    October 24, 2019 at 12:00 AM

    You have problems collecting from clients or customers. We have the will and the ways to get monies owed.

    Why wait to get paid for the hard work that your business has performed when BP Financing can take care of it for you?

    BP Financing is...