Blog

This Ontario Transportation Company was a start up that had experienced some delays in getting their Transportation Authority and getting the trucks on the road which drained the cash flow.   With an initial credit limit of $50,000 they used the factoring for credit checking and accounts receivable collection and this allowed them to focus on the sales of the company.   With Newport’s factoring service they didn’t require an accounts receivable administrator and the office was running with a Dispatcher and the Owner staying lean and mean until they rebounded from the initial cash drain.   Within three months they required an increase in the credit limit and they were on the way and putting more trucks on the road.