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 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...
Questions to Ask Your Factor Before Signing
While invoice factoring has many advantages, working with factoring companies can be tricky at...
Success Story: Invoice Factoring for a Machinery & Equipment Provider
A client called Summar asking for help fulfilling a purchase order. This particular client provides...
The Benefits of Invoice Factoring
Invoice factoring for an immediate cash flow will allow you to continue running your business, pay...
Invoice Factoring: Supply Chain Finance Program
Summar got a call from a US Based company with a bank loan that wanted to increase their purchasing...