Diesel Motor Manufacturers and Parts Suppliers Can Use Invoice Factoring To Get Cash Fast
Posted on April 30, 2014 in Factoring
The market for diesel engines and the aftermarket parts industry is enormous. But many of the industries that require diesel engine parts are also known as industries that are slow to pay their vendor invoices. A diesel engine is a significant invoiced item and that kind of cash cannot be tied up for too long if the engine manufacturer wants to be able to sustain operations. When diesel engine clients allow their invoices to go 30 or 60 days past due, then it becomes difficult for the manufacturer to compensate his personnel or keep his certified repair shops happy.
Invoice factoring, when done by an experienced organization, can be the key to fast cash for diesel engine manufacturers. The best part is that it is not new cash that becomes interest-accruing debt. This is a cash flow based on your own invoiced sales and sustained by your sales activities that generate more outstanding invoices. As long as you are working hard to generate more invoiced sales to creditworthy clients, then an experienced invoice factoring company will be able to help you get cash fast. In the diesel engine manufacturing industry, that experienced invoice factoring company is 1st Commercial Credit.
Get The Cash You Need Right Now With 1st Commercial Credit
The financial fortunes of a diesel engine manufacturer can change quickly, that is why you need an experienced invoice factoring company that understands your needs. 1st Commercial Credit has extensive experience working with diesel engine manufacturers and we know that time is of the essence when dealing with your cash flow. That is why we are able to approve application packages the same day we receive them and have your account operational in three to five business days. Once your account is up and going, we can advance you cash against approved invoices in 24 hours or less.
We use the busienss credit scores of your clients to secure your company's cash flow. We do not want to see your credit profile, but we do want to help your credit score improve. We can help you if you have good credit, bad credit or even no credit at all. We are able to help you if your company has tax liens against it and we are even able to offer you invoice factoring services if your company has just come out of bankruptcy. We can be the key to your success that allows you to rebuild after financial disaster. With the demand in the diesel engine industry, you should be able to use your outstanding invoices to bounce back in no time.
Don't let the competition get the upper hand on your growing business. The diesel engine industry has become one of the most competitive industries in the world. There are companies all over the globe vying for the business that is available. When you use the invoice factoring services of 1st Commercial Credit to get your cash flow corrected, you will have the competitive advantage you need to beat the competition and take advantage of the growth in your industry. Contact 1st Commercial Credit today and we will create fast cash for you based on the hard work your sales department has already done. Let us show you how we can turn your outstanding invoices into cash immediately.
The power of a diesel engine is something that has been traditionally reserved for heavy equipment. There has been a trend lately that has seen lines of luxury cars being outfitted with diesel engines. The engines that are made for large construction equipment and the engines being made for luxury cars are sometimes made by the same companies. There are some luxury car companies making their own engines, but it is still easier and more cost efficient to have a professional diesel engine manufacturer make your vehicle's engine. When it comes to comparing diesel engines, they are usually compared by horse power. The bigger engines are the ones that get all of the attention.
There is an incredible amount of engineering that goes into creating a diesel engine. From the fuel systems to the air handling components, a diesel engine is built for power and it must be able to handle a great deal of payload. When you consider the vast array of vehicles that utilize diesel engines, it becomes easy to see why a business owner would target the diesel engine manufacturing business to make his fortune. But that wide array of clients brings with it a lot of financial challenges that can make any entrepreneur supremely frustrated.
Diesel Engines Do Most Of The Work In The World
There is a long list of industries that utilize diesel engines that includes the military, trucking, mining, oil and gas exploration and the recreational vehicle industry. When people think of diesel engines, they think of big rigs rolling down the road, bellowing smoke and moving products from one town to the other. But diesel engines are also found in generators in such facilities as off-shore drilling platforms and diamond mines deep in the caves near the Arctic Circle. When the equipment simply cannot fail, a diesel engine is used to generate power.
Farm equipment and even the rides used in some traveling carnivals also utilize diesel engines. A diesel-powered generator is capable of generating as much as 2,700 kW. You will also find diesel products in power stations, on military battleships and in some models of helicopters and other air travel equipment. The market for diesel engines is huge and the demand continues to grow. The technology that goes into creating the latest diesel engines is cutting edge for any industry. If a diesel engine manufacturer wants to stay competitive, it must invest in the best research personnel and the latest in equipment.
The Market For Diesel Engines Continues To Expand
As the population of the planet continues to grow, so too does the need for more diesel engines. More population means more need for power plants that utilize diesel technology to create power. The search for more fossil fuels to satisfy emerging technologies such as India and China means more diesel generators on off-shore drilling platforms. The need to move more products to get to the growing number of consumers means more trucks and ships. All of this points to an industry that continues to grow whether it wants to or not. The demand is starting to outpace the supply and diesel engine manufacturers are struggling to keep up.
There is a tremendous need for cash when you run a diesel manufacturing business. The research and development into new diesel technologies has taken on an added level of importance in recent years and any business owner will tell you that research is expensive. The personnel required to manufacturer diesel engines is made up primarily of skilled laborers who make a high salary. All diesel engine manufacturers have maintenance repair programs that they administer through authorized repair shops and those shops want to be compensated for their work as quickly as possible. The cash flow problems for a diesel manufacturer being with past due invoices and spread from there.