Tag: cash flow crisis

Business

How borrowers, sometimes unknowingly, sign away their assets in MCA contracts

When signing a merchant cash advance contract, understanding important legal provisions can help owner-operators and small fleets avoid signing away assets.

June 29, 2020

Business

‘I will take your daughters’: Abusive business lenders under increasing scrutiny from FTC

The U.S. Federal Trade Commission is seeking restitution for customers for fraud and abusive practices by merchant cash advance providers. More on Overdrive.

June 25, 2020

Business

Struggling small fleets stung by aggressive cash advance lenders

Thousands of small fleets and other trucking-related entities have been saddled with unworkable merchant cash advances. More on Overdrive.

June 22, 2020

Business

How load factoring companies’ diverse services help some fleets grow

Factoring companies can be effective tools for small fleet growth as an outsourced back office. Find growth rates for factoring versus non-factoring fleets.

June 18, 2020

Business

Sharing risk: Load factoring offers strategic value amid economic contraction

In the current economic environment, factoring companies can be more valuable partners than usual for risk management. Read more here on Overdrive.

June 15, 2020

Business

Owner-operators’ cash flow crisis: Borrowing outside of SBA, other debt-relief strategies

Lending resources & other strategies to help owner-operators and small fleets manage a cash-flow crisis, whether or not caused by coronavirus-impacted economy.

June 11, 2020

Business

Buying money, buying time: Survival strategies for cash-strapped owner-operators

As the economy tiptoes to recovery, among the biggest issues facing owner-operators is cash flow. Explore strategies to cope in Overdrive's three-week series.

June 8, 2020