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Posts Tagged ‘Transport’

Anyone running a transport business has realized the pain of arranging for ready cash to take care of routine expenses such as fuel, drivers’ wages, etc. On the one hand the transporter would have to extend credit terms ranging from 30 to 90 days to clients while on the other having to pay for all expenses in cash. This puts a lot of pressure on cash flow and could soon lead to a financial drought if the transporter is too over-stretched. While the transporter’s balance sheet might show a very healthy balance due to the ledger balances showing accounts receivables, there is an inevitable delay in receiving payment from clients. The ground reality is that figures on paper are useless when ready cash needed to pay wages to drivers and other employees. Accounts receivable financing companies take care of this problem with various schemes by which a transporter can ‘sell’ his outstanding invoices to these factoring companies, who will pay him almost the entire Read More

Those who need vehicle for their commercial purposes would quite like going for the commercial vehicle finance. These loans are specialized in providing the best services by letting people get any vehicle of their choice, whatever the cost of the vehicle is. Though certain conditions of the borrowers will matter while offering these finances, still its help is worth mentioning. For a commercial business to be successful the presence of vehicle is quite necessary. Without a vehicle the marketing, production and distribution tasks will left undone and therefore, these loans are quite necessary for those who cannot afford to buy commercial vehicles. For buying any vehicle you will first have to choose from among the secured and unsecured loans. For achieving the secured loans the borrower must be capable of offering collateral. Without putting anything as security no one can borrow money in these forms. It will enable you to afford costlier vehicles as the money offered in it is big. Read More