Tag Archives: financing
Finding a Reputable No Credit Check Car Dealership
In today’s auto sales industry, more consumers than ever before are seeking alternatives to traditional car purchases and leases. Financing a car is a lot of work for most people but it doesn’t have to be a daunting task if you know what you are getting into. The first step to your unique needs is to find a car dealership that is reputable, dependable, and will give you the car and financing terms that you deserve. Here are some things to keep in mind to help you get the best dealership for your needs:
-Always make sure that a dealer has an upstanding reputation in the community. No matter how good their deals claim to be or what type of credit approval they offer, they need to have a stable reputation, history in the market, and a commitment to helping their customers. That way, you can buy a car from someone you can trust.
-Read all of the terms and conditions of their “no credit check” process or financing solutions. Depending on the dealer or seller, there might be different rules and guidelines that have to be followed. You need to know exactly what you’re agreeing to when you choose this type of financing.
-Do your homework on the cars. Don’t assume that something is listed for its value. Right now the market is yours, and you need to make sure that dealers aren’t charging you too much for the car you want. Check out the value and make sure that you get a fair price along with good terms and conditions.
-Ask about payment reporting. In some situations, consumers want to have a dealer report their payments to their credit to help improve things. If this is something you were considering, you should ask a dealer if they offer the service. This is a helpful tool if you can find it, but it isn’t essential.
There is a lot that goes into buying a car. When you need non-traditional financing solutions, it can get even more complicated. Keep these tips and guidelines in mind so that you can check out all of your options for auto financing and get the loan that you need on a car that you love. It isn’t difficult, by any means, but it is something that takes a little time and effort on your part to ensure that you’re getting a good deal from a reputable car dealership.
Why Invoice Factoring is Important in Food Distribution
Invoice factoring, which is also known as accounts receivable financing, is an important part of many different industries, including the food distribution industry. In the world of food distribution (just as it is in most other industries), cash flow is a serious problem that in its extreme cases, can even sink a company. In other cases it can prevent expansion and growth, which is not a good situation to be in either.
Here are 3 reasons invoice factoring is an important service to have in the food distribution industry:
1. It helps fight back against the rising cost of fuel. It’s pretty much guaranteed that you will have to raise your rates frequently as the cost of fuel goes up, but when do while you are waiting for those new rates to take effect? You need to announce the rate increase and then wait a short time, but your business can’t afford to wait. This is where invoice factoring comes in to fill in those gaps. By leveraging the power of the invoices you have out that have not been paid yet, you make it possible to continue paying your fuel bill until those new rates kick in.
2. You receive the flexibility to extend payment times for your vendors. Sometimes in order to get a higher price for the goods you are distributing, it may necessary to extend your vendors’ payment times. There is a growing demand for extensions, but if you do not have the line of credit offered by invoice factoring, then you will be unable to offer this service. Then you will be cheating yourself out of a high volume of income because you can’t extend payment times in return for higher payments on the back end.
3. New distributors who are still growing will have to deal with lower profit margins as they begin to prove themselves to their customers. This makes working from check to check a reality, but it certainly isn’t a good reality. What can you do if you get offered a major contract and then aren’t able to fulfill it because you don’t have the cash to do so? You will be missing out on an important opportunity to expand and grow your business if you don’t have the financial advantage of invoice factoring to help you out.
Case Study
GTA Fruits is a distributor of tropical fruits that works closely with numerous major grocery store chains. By managing and financing GTA’s accounts receivables, the company has been able to grow rapidly, enjoying not just growth but also a greater need for cash flow, which is growing exponentially.
Financing for the Food Distribution Industry
Invoice factoring has worked in numerous different industries. Invoice to Cash, also known as ITC, actually specializes in helping small to medium sized business grow as they leverage those unpaid invoices. Low risk small business financing options include:
– Cash right in the moment you need it, whether it’s to fund the next contract, enable vendors to pay higher prices to you later, expand the business, or just pay your bills.
– Accounts receivable administration will improve your cash flow by placing someone in charge of managing it more efficiently. Collection becomes a breeze as well when you take steps to improve the workflow of this project.
– A transportation management system enhances your ability to serve your customers, thus raising your bottom line.
By combining these three services, you are sure to discover the growth that has been just around the corner for so long. Leverage your invoice so you have the cash to fill the next big order.