Summar Financial

Recent Posts

Benefits of Supply Chain Finance
November 13, 2024

What is Reverse Factoring?

In today's fast-paced world of trade, managing cash flow can be a daunting task for small-to-medium...

Success Stories
November 08, 2024

How AVVIA Overcame Client Concentration to Secure Bank Financing

In the highly competitive aviation industry, maintaining consistent cash flow is essential for...

Freight Operations
November 04, 2024

Critical Issues: Top Concerns for Small Trucking Companies in 2024

As the trucking industry navigates another challenging year, the 2024 American Transportation...

Freight Factoring
September 27, 2024

The Best States for Cheapest Commercial Truck Insurance in 2024

Navigating the world of commercial truck insurance can be overwhelming, especially for...

Success Stories
September 19, 2024

Empowering Growth: MT International’s Journey to Traditional Banking

In 2020, MT International identified a unique opportunity within the Latin American food industry....

Freight Cash Flow
September 13, 2024

Tips for Saving Money for Truck Drivers

Updated September 2024—Truck driving isn't just about getting from point A to point B—it's about...

Freight Factoring
September 04, 2024

How to Start a Successful Trucking Business in 8 Steps

If you're an experienced trucker, a passionate road warrior, or an owner-operator with the ambition...

Freight Cash Flow
August 22, 2024

Starting a Trucking Company: How Much Does It Cost?

Updated, August 2024. Starting a trucking company comes with excitement and challenges, like any...

Success Stories
August 22, 2024

Turning the Tide: How D&T Reclaimed Financial Stability

D&T, a Miami-based distributor of consumer electronics across Latin America, found itself in a...

Freight Operations
August 14, 2024

Back to Basics: Choose the Right Truck for Your Company

Whether you started a trucking company or want to expand your fleet to take better hauls, you're...

Success Stories
August 08, 2024

Crustrade: Navigating Towards Success in Seafood Importation

In the competitive world of seafood importation, Crustrade emerges as a success story, overcoming...

Payroll Funding
August 08, 2024

Top Staffing Firms Strategies to Adapt to Today's Job Market

It's a challenging time to lead a temporary staffing firm. The landscape is rapidly changing, with...

Freight Operations
August 07, 2024

Top 5 Load Boards for Trucking Companies and Carriers – 2024 Edition

Choosing the right load board can make all the difference for trucking businesses and carriers....

Freight Operations
July 12, 2024

The Rising Costs of Trucking 2024: A Comprehensive Analysis

The trucking industry is the backbone of the American economy, responsible for moving 72.2% of the...

Payroll Funding
June 06, 2024

The Power of Skills-Based Hiring in Temp Staffing

In our last blog post, we covered the core issue of 'why' skills over credentials in hiring...

Payroll Funding
May 29, 2024

Skills or Credentials? The Classic Argument in the Staffing Industry

As the leader of a staffing agency, you've likely confronted this debate more than you care to...

Payroll Funding
May 21, 2024

AI's Impact on Recruitment for Temp Staffing Companies

So, imagine you are the Recruitment Director of a temporary staffing agency. You're comfortable...

Payroll Funding
May 15, 2024

AI In Staffing: How Artificial Intelligence Impacts Temp Agencies

What's the future of AI in staffing?

As a former CEO in the staffing industry, I've witnessed...

Payroll Funding
May 07, 2024

Staffing Compliance: Classifying 1099 and W-2 Workers Correctly

As a leader within a staffing company, one of the biggest challenges you might face is classifying...

Payroll Funding
April 29, 2024

Vizcaino vs Microsoft: A Story on misclassifying temporary workers

Do I engage my temporary staff on a 1099 or W2 basis?

This question is fundamental. It dictates...

Payroll Funding
April 24, 2024

Mastering Finance Essentials: A Guide for Staffing Agency Executives

Think about it: at its core, a temporary staffing agency is a payroll mechanism. Every billable...

Payroll Funding
April 18, 2024

Client Spotlight: Embracing Innovation for Strategic Growth

Adaptability and innovation are crucial for success, especially within the dynamic landscape of the...

Payroll Funding
April 17, 2024

Leading a Temporary Staffing Agency: The Top 10 skills essential for Success

Staffing leaders must fully understand that the staffing industry is a dynamic force that is...

Payroll Funding
April 15, 2024

Leading a Temporary Staffing Agency in Today's Market

The demand for flexible and skilled workforce solutions has never been greater in the fast-paced...

Payroll Funding
April 09, 2024

Major Insurance Challenges and Related Expenses for Temp Agencies

As your staffing company grows, so do the complexities of managing its operations and costs. And,...

Payroll Funding
April 05, 2024

Best Practices to Overcome Insurance Fluctuations in Staffing

"While payroll remains the largest cost, insurance is a close second"

Imagine this: You're the...
Payroll Funding
March 29, 2024

8 Reasons Why Staffing Companies Use Factoring

In staffing, success isn’t just about securing clients; it’s also about managing cash flow...

Payroll Funding
March 27, 2024

How Can Staffing Companies Deal With Cash Flow Difficulties?

You’ve likely heard this before… “When Payroll is due - but you are waiting 30-90 days to receive...

Payroll Funding
March 21, 2024

How Does Factoring for Staffing Companies Work?

Staffing firms are the backbone of modern workforce management, providing crucial human capital...

Payroll Funding
March 19, 2024

Staffing Industry Trends in the US (2024)

The outlook for the staffing industry in 2024 presents a mixed picture, with some industry...

Payroll Funding
March 15, 2024

The Advantages of Factoring for Temp Staffing Agencies

Do you own or have leadership duties at a staffing firm? How would you rank your biggest business...

Payroll Funding
March 05, 2024

What is Payroll Funding? Understanding Staffing Factoring

In the staffing industry, it is paramount to have consistent cash flow to achieve success. However,...

Freight Operations
February 15, 2024

Preventing Fraud in Freight: Strategic Cargo Theft on the Rise

The issue of cargo theft through double brokering remains a significant concern in the US trucking...

Freight Operations
December 12, 2023

5 Key Questions Small Carriers Should Ask Freight Factoring Companies

When you're a small player in the transportation game, managing your cash flow can be quite the...

Freight Operations
December 08, 2023

Where Does the Convoy Shutdown Leave Small Carriers?

The Convoy collapse was as quick as it was sudden. Convoy commanded a $3.8 billion valuation less...

Freight Operations
October 23, 2023

Critical Issues: Top 10 Concerns of Trucking in 2023

Atri's annual report sheds light on the critical concerns for carriers and owner-operators in the...

Freight Operations
October 16, 2023

Preventing Fraud in Freight: Tips for Carriers

Protect yourself from falling victim to scams that could impact your bottom line.

Fraudulent loads...

Freight Factoring
October 04, 2023

What is Freight Factoring?

If you are running a trucking company, whether it be one truck or fifty trucks, there is one thing...

Fuel Card
September 18, 2023

Why Fuel Cards are a Must-Have for Truckers and Owner Operators

If you're the owner-operator of a trucking company, you know that times can be tight and keeping...

Freight Operations
June 08, 2023

Preventing Fraud in Freight: The Credit Check Advantage

Fraud can, unfortunately, occur in any industry, and lately, there has been a rise in incidents...

Freight Operations
February 07, 2023

Everything You Should Know About Trucking Insurance

If you are starting your trucking company or trying to catch up with more opportunities to upgrade...

Freight Operations
December 15, 2022

Turn Your Cash Flow Into a Competitive Advantage

It's no secret that cash flow, or the lack of it, is a risk factor for many companies. But there is...

Freight Operations
November 29, 2022

Top 5 Cities and Ports That Receive the Most Shipments in the US

The most populated cities in the US are a good start to understanding what cities receive the...

Summar Updates
July 19, 2022

Summar Launches 1 PM Cut-off Time Nationwide for Same-Day Purchases

Miami, July 19th, 2022 - Creating solutions that allow company owners to be at the forefront of...
Freight Operations
April 20, 2022

Improve your Trucking Route – And your Income – With These Pro Tips

Step one, plan your routes. Just as you plan the significant milestones of your company, you need to

Scale ups Cash Flow
April 13, 2022

Three Ways to Increase Cash Flow for your Small Business

Business owners still believe cash flow is a top concern. In fact, a study published by Capital One...

Scale ups Cash Flow
April 06, 2022

Term Loans vs. Lines of Credit: Which One Is Right for Your Business?

When your business needs funding to grow, bridge cash flow gaps or take advantage of a can’t-miss...

Scale ups Investment
March 30, 2022

Seven Starter Steps to Organize Your Small Business Finances

Going into business for yourself is a big deal. There’s always a long to-do list and if you’re not...

Scale ups Investment
March 23, 2022

Seven Entrepreneurs Reveal How They Scaled Their Business

In every successful entrepreneur’s life there comes a breaking point: When you either must clone...

Scale ups Factoring
February 16, 2022

Is Invoice Factoring Right For Your Small Business?

If your business, like many others, has outstanding invoices and slow-paying customers, you don’t...