Over the past 10-15 years the trucking industry has faced numerous struggles with the huge increase in gas prices wiping out many of the small carriers that could no longer compete based on pricing. The majority of the independents had to give up their freedom of being self-employed and forced to work for or be bought out by the larger carriers. Now that the economy and gas prices have dropped and somewhat leveled off a bit numerous small carriers are once again reviving and jumping into the competition mix.
Factoring Accounts Receivable: Why Factors Require Personal Guarantees
If you’re reading this blog you are most likely a small to medium sized business owner or financial associate within a business searching for financing. You could be searching for an explanation why there are certain requirements when factoring accounts receivable. You might possibly just wondering why Factors require a personal guaranty.