From agricultural and food production to staffing and frozen foods. At Summar, we offer factoring...
How Can Truckers Survive Slow or Challenging Markets?
The last few months have been proof of how everything can change in a matter of days. Slow markets...
How to Take Care of a Reefer Truck
If you drive reefer trucks, your top priority is the maintenance of the refrigerated box. For...
How Can International Factoring Improve your Company's Balance Ratios?
Export factoring is the transfer of the collection rights of the invoices issued by an exporter,...
Standby Hours: What Are They and How Do They Affect Your Cash Flow?
Many things can delay the loading of your truck, causing frustration and affecting the way you...
Trucking as a Career: Why Is This the Best Time to Start?
The world needs more truckers. If we could learn anything during the pandemic about logistics and...
Crucial US Cities for Trucking: The Five Most Significant Locations
UPDATED IN AUGUST 2024
If you want to work as a truck driver, or you already are, but you want to...
Improve Cash Flow with Freight Factoring no Matter Your Business Stage
Funding challenges for trucking companies creep up at any possible moment. In the beginning, there...
Top Three Load Boards for Trucking Businesses and Carriers
The best load boards in 2021 include some of the longest-running service providers in the industry....
2021: Facts About Trucking and The Future of Freight
It pays to start with the driver when discussing how the trucking industry will evolve over the...
Invoice Factoring or Bank Loan?
When choosing a financing option for your company, it is important to consider all the...
Tools and Figures for Reinvesting in the Trucking Business
Trucking business owners need to reinvest a certain amount of money every month, quarter, and year...
9 Financial KPIs To Measure The Health Of Your Trucking Business
When you are trying to grow your trucking business, you need more than an optimized cash flow. You...
Technology Is A Good Investment For Truckers, Discover Why
Technology is one of the best investments a trucking company can make for the health of its...
5 Steps To Optimize Your Cash Flow and Funding for Trucking
Your cash flow is vital for the health and success of your trucking business, that's a fact. If you...
Build An Easy Strategic Business Plan For Your Trucking Company
Whether your trucking company is just starting or you are looking to expand your operations, a...
What Invoice Factoring Is and How It Works
Have you ever considered invoice factoring in the moments you have required fast and secure funding?
Choose the Perfect TMS for Your Small Trucking Company
All You Should Know About Purchase Order Financing
Purchase Order Financing (PO financing or PO lending) can be of enormous importance and benefit to...
Risks and Rewards of Automating Trucking Operating Expenses
Finding ways to save time and cut corners without making mistakes is critical in the trucking...
Simple Tips To Improve Your Negotiation Skills With Freight Brokers
When negotiating with freight brokers, you need to be prepared for some give and take on your...
What Type of Financing Is Available for Startups?
Every Startup needs access to capital, whether for initial rollout efforts, acquiring inventory,...
Summar Receives a New Award
Miami, November 10th, 2020 - One of our commitments and brand values is to WOW our clients every...
Summar Financial Launches its New Website
Miami, November 6th, 2020 - After a lot of creativity and hard work, we are delighted to announce...
How to Achieve Success With Your Trucking Business?
All companies were born from the dream of success. We know the day you set a milestone by starting...
Factoring: A Way of Minimizing Risk From Your Investments
Throughout your company's life cycle, you will require personalized strategic directions that allow...
Is Your Factor an Ally To Your Growth?
One of the main reasons truckers choose factoring as their favorite financing option is to have...
What Are the Best Investment Options for Trucking Companies?
Now that the COVID pandemic crisis seems to be calming down and small businesses are opening back...
How to Successfully Grow Your Trucking Company?
Taking the first step and starting your own business was the initial milestone in the history of...
When Is a Good Time to Expand My Truck Fleet?
In this day and age, it’s essential to have a truck fleet that can meet the ever-increasing demands...
How Can COVID-19 Legislation Affect Truckers as the Summer Ends?
The coronavirus pandemic has fast-spread through society after society around the world. According...
Trucking Industry Trends for 2021
While some of the growth expectations for 2020 indicated that the economy would slow down, the...
Going Digital: How the Trucking Industry Is Becoming More Efficient
An industry with more than 1.8 million drivers, trucking has been transformed by the tech trend....
Customer Service Tips for Your Freight Business During COVID-19
After America slowly goes back to normal after the Covid-19 peak, freight companies have to adapt...
Summar, Awarded With the Growth Company Award
July 1, 2020. During a Summit held by Gravitas Impact Premium Coaching Organization, Summar, a...
Factors Stepping into the Shoes of Trade Finance Banks
In this post, we want to comment on the various products that have emerged in the field of trade...
Calculate Your Cost Per Mile
Updated September 2024. Cost per mile (CPM) is a crucial metric for truckers, as it represents the...
How Many Business Fail in the First 2 Years?
Business failure refers to a situation in which a company or business ceases operations because it...
Are You Putting All Your Eggs in One Basket, or Do You Diversify?
One thing that we believe very strongly in with our business is... Customer Diversification. In the...
Perspectives on the Transition to Clean Energy in the Transport Sector
Currently, the constant transit of medium and heavy-duty trucks has proved to have a negative...
Why Is Your Credit Score Important, and How Can You Improve It?
Your credit score is important for many reasons. In regards to your business, your credit score...
Cash Flow Solutions for Your Trucking Business
According to a US Bank study, 82% of businesses fail due to poor cash flow management. Not because...
Cash Is King: Use Your Cash Conversion Cycle to Save on Pretax Profits
At business school I was taught that cash is king. Here at Summar we definitely see our clients...
Benefits of Supply Chain Finance
Supply Chain Finance is a financial tool offered by specialty finance companies to improve their...
Invoice Factoring or Merchant Cash Advance: which is right for you?
We recently met with a distributor who, with back against the wall, is finding it difficult to...
How to Increase Your Company’s Working Capital
The working capital of your company is the capital that your business uses to pay for the daily...
Take Advantage of the ELD Mandate
Not all trucking companies are taking this regulation seriously, meaning that on April 1st, 2018...
Is Factoring a Line of Credit?
Factoring also known as Invoice factoring is not a line of credit. It provides the funding needed...
Why Entrepreneurs and Small Companies Should Consider Factoring
Have you, as an entrepreneur and small business owner had difficulties in securing bank loans and...
Fuel Advances With-in 30 Minutes With Freight Factoring!
Take your trucking company to the next level with freight factoring. See how in 30 minutes Summar...