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Partners Funding Blog

Trucking Costs
Posted on September 27, 2018

NEW TARIFFS ON TRAILERS, CHASSIS, AND RELATED PARTS FROM CHINA The following excerpt was taken from a recent MTA newsletter giving a “heads” up on some of the cost changes due to recent tariffs imposed.   As noted, it looks like it may only affect 38% of the total and may not be a huge factor

Capital – National Manufacturing Day
Posted on September 25, 2018

National Manufacturing Day One week from this Friday (10.5.18) is designated as National Manufacturing Day.   Other than some sectors having problems finding the needed workforce, times are reported good to be in this industry. However, the balance of both fulfilling work force and capital needs in the near term continue to be top-of mind. Partners Funding,

Community Involvement
Posted on August 21, 2018

We are proud to release the following results of our annual community focused campaign: “Throughout the month of July, the employees of Great Plains Transportation Services, Inc. and Partners Funding, Inc., have been involved in the seventh annual “Christmas in July- Jeans for Charity”.  In order for employees to dress casually at the office they

State of Manufacturing Survey
Posted on May 29, 2018

I recently attended a meeting from Enterprise MN where The State of MN Manufacturing Survey was summarized/presented.  Some of the findings were quite interesting and thought we would post a summary of the key points of interest, below: 60% stated workforce is the overriding challenge Confidence highest it’s been since 2008 for both 2017 and

Cash Management Tactics
Posted on April 26, 2018

We ran across this article, “5 Cash Management Tactics Small Businesses Use to Become Bigger Businesses“. As written, these are good/primary tactics but there are additional alternatives that can make good cash management sense under certain circumstances (like invoice factoring).  The benefit of invoice factoring is predictable/consistent cash flow and a few of the circumstances for review

Stress Awareness Month
Posted on April 19, 2018

The month of April is designated as “Stress Awareness Month”.   I wonder if the designation is strategically placed in April because of the tax deadline? Stress is brought about by many things but have it on good authority money is a big contributor (reference tax time)! Partners Funding is equipped to help alleviate some of

Growth & Cash Flow
Posted on April 3, 2018

“You can succeed yourself out of business if you don’t understand the relationship between accounts-payable-days and accounts-receivable-days. This perspective will provide you with a better understanding of the impact of time on cash, and how insidiously success burns cash”. – This is an excerpt from a recent article published by B2B CFO and a concept for

Electronic Log Enforcement
Posted on March 28, 2018

According to the MN Trucking Association in a recent article published (3.27.18), ELD enforcement will begin April 1, 2018.  Following is an excerpt from that Article: “Beginning April 1, 2018, if a commercial motor vehicle (CMV) driver is stopped and found to be operating a CMV without a required electronic logging device (ELD) or automatic

Debt or Equity Financing for Your Business?
Posted on February 28, 2018

We ran across an article titled “How to Decide Whether You Need Debt or Equity Financing for Your Business” and thought it was worth sharing Forecasting 2018 as a great year to expand and/or start a new business, the article speaks to the importance of cash flow and making the right decision in terms of looking for

National Mentoring Month
Posted on January 11, 2018

January is National Mentoring Month and this link is a nice breakout of the SBA/SBDC offices around the country.  A mentor does not have all the answers but can help serve as that sounding board allowing new ideas to generate from two people communicating. If there are financial questions you are facing in your business,