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Contractors and service providers to the renewable energy industry often find that they need to wait for their invoices to be paid. Finding funding for new businesses can be difficult, but you’ll need working capital to cover payroll, purchase equipment and cover any other business expenses. It can be costly to enter renewable energy and to maintain and upgrade the technology, you may need to consider financing options. None Better cash flow helps you meet expenses such as payroll, investing in technology and other obligations Renewable energy factoring can be an effective way to grow your business and boost your cash flow.

All carriers and independent owner-operators need to register with the Federal Motor Carrier Safety Administration’s (FMCSA) CDL Drug and Alcohol Clearinghouse and run your first required annual query by the January 5, 2021. Failure to register and run a query could result in a fine of $2,500 for non-compliance. As of January 5, 2020 all motor carriers, and a long list of others in the trucking industry are required to register in the FMCSA’s Drug & Alcohol Clearinghouse database and run an annual query to see if its drivers have had any violations including positive drug tests, any alcohol results with a blood alcohol content greater than 0.04, refusal to test, and any other non-test violations of FMCSA’s drug and alcohol regulation. Lastly, don’t forget about Riviera Finance’s fuel card discount program administered by TransConnect Services (TCS) that could save you an average of 41 cents per gallon.

The simplest way to think of a fuel card is that it’s like a prepaid “club” credit card that affords you significant discounts on fuel, tires, roadside service and repair services. If you’re looking for one that offers the most convenience and savings, it’s worth looking closely at the TCS Fuel Card, designed especially for small trucking companies. You can obtain a TCS Fuel Card through Riviera Finance, a recognized leader in transportation factoring. To learn more about transportation factoring and the TCS Fuel Card, contact Riviera Finance.

Direct Freight is a load board with over 300,000 loads posted a day in the U.S. Riviera Finance has partnered with to deliver you seamless factoring approval when booking loads. The Riviera/Direct Freight “Greenlight” program facilitates instant credit approval on any load displaying the “Greenlight” icon within the Direct Freight load board. Riviera has a longstanding relationship with and you will find loads marked as pre-approved for factoring with Riviera through the Loadlink QuickPay program as well.. Whether you use freight boards or find loads in another way, you may experience cash flow difficulties while waiting for your customers to pay invoices.