Otr capital factoring

After exploring the different factoring programs OTR Solutions offers, you may find yourself thinking recourse factoring is the best option for your business. While recourse factoring comes with additional responsibilities for the carrier, it’s often the best option for medium- to large-sized fleets and can open the door for further growth. There are several differences between our non-recourse and recourse programs, but we are going to focus on two of the major differences. On recourse, you’ll be able to factor invoices for more brokers or shippers, but you are taking on the risk of chargebacks for unpaid invoices. We work with thousands of different brokers and shippers, but like all the best factoring companies, we do have a no-buy list of companies we don’t work with because they don’t meet our customer approval standards. On the recourse program, however, we will work with most customers from our non-recourse no-buy list. During the factoring process we don’t want to limit who you can factor with, but this could subject you to chargebacks for unpaid invoices after 60-90 days. You might be wondering why anyone would run with no-buy brokers or shippers and take on a risk of a chargeback. Just because OTR could not approve a broker for everyone, doesn’t mean they’re a bad company. They simply did not meet our approval criteria for non-recourse customers. If all no-buy customers aren’t that bad, why would there be chargebacks?Chargebacks can occur for various reasons, but OTR Solutions does everything in our power to help avoid them. Sometimes chargebacks happen because of unresolved paperwork issues, like rejected paperwork for ineligible or missing bills. Maybe there was a claim on a load and the broker put your account on a short-term hold. We all know how long it can take for a claim to be resolved! Other times the broker pays very slowly or even shuts down their business! While we have solutions for these issues, it can often take an extended period to resolve. Chargebacks don’t mean you won’t see that money again, so if the invoice pays later, we will always get you refunded. Chargebacks shouldn’t occur often for anyone, but they do occasionally happen. What’s important is that you have a factoring company that has chargeback solutions and can help you avoid these issues and can support you if they happen.What’s the OTR Advantage? How Does OTR Help You Avoid Chargebacks or Significantly Reduce the Chargebacks You Saw With Your Previous Factor?If you don’t have chargebacks with your current factor, or you do direct billing and don’t have issues collecting full payments on time, you should NOT start seeing chargebacks with OTR. We’re always working to help you reduce chargebacks, not increase them. We’re dedicated to fueling the success of your business, so keep running the way you’ve been, and nothing will change once you factor with us. If you are having issues collecting, whether that’s with a factor or through direct billing, OTR can help you mitigate this issue. We’re

TERMS OF SALETHIS DOCUMENT CONTAINS VERY IMPORTANT INFORMATION REGARDING YOUR RIGHTS AND OBLIGATIONS, AS WELL AS CONDITIONS, LIMITATIONS, AND EXCLUSIONS THAT MIGHT APPLY TO YOU. PLEASE READ IT CAREFULLY. THESE TERMS REQUIRE THE USE OF ARBITRATION TO RESOLVE DISPUTES, RATHER THAN JURY TRIALS. BY PLACING AN ORDER FOR PRODUCTS OR SERVICES FROM THIS WEBSITE, YOU AFFIRM THAT YOU ARE OF LEGAL AGE TO ENTER INTO THIS AGREEMENT, AND YOU ACCEPT AND ARE BOUND BY THESE TERMS AND CONDITIONS. YOU AFFIRM THAT IF YOU PLACE AN ORDER ON BEHALF OF AN ORGANIZATION OR COMPANY, YOU HAVE THE LEGAL AUTHORITY TO BIND ANY SUCH ORGANIZATION OR COMPANY TO THESE TERMS.YOU MAY NOT ORDER OR OBTAIN PRODUCTS OR SERVICES FROM THIS WEBSITE IF YOU (i) DO NOT AGREE TO THESE TERMS, (ii) ARE NOT THE OLDER OF (A) AT LEAST 18 YEARS OF AGE OR (B) LEGAL AGE TO FORM A BINDING CONTRACT WITH OTR Capital, LLC d/b/a OTR Solutions, OR (iii) ARE PROHIBITED FROM ACCESSING OR USING THIS WEBSITE OR ANY OF THIS WEBSITE’S CONTENTS, PRODUCTS OR SERVICES BY APPLICABLE LAW.These terms and conditions (these “Terms“) apply to the purchase and sale of products and services through OTR Solutions or OTR Business Solutions (the “Site“). These Terms are subject to change by OTR Capital, LLC d/b/a OTR Solutions (referred to as “us“, “we“, or “our” as the context may require) without prior written notice at any time, in our sole discretion. Any changes to these Terms will be in effect as of the “Last Updated Date” referenced on the Site. You should review these Terms prior to purchasing any product or services that are available through this Site. Your continued use of this Site after the “Last Updated Date” or payment of your subscription will constitute your acceptance of and agreement to such changes.These Terms are an integral part of the Website Terms of Use that apply generally to the use of our Site. You should also carefully review our Privacy Policy before placing an order for products or services through this Site (see Section 9).Order Acceptance and Cancellation. You agree that your order is an offer to buy, under these Terms, all products and services listed in your order. All orders must be accepted by us or we will not be obligated to sell the products or services to you. We may choose not to accept orders at our sole discretion,

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How to figure out if construction invoice factoring is a good choice for your business.Construction Invoice Factoring & Construction Receivables FactoringUnder-estimated projects and over-budget jobs...buying expensive materials weeks before sending an invoice...permitting delays… Sound familiar?If you work in the construction industry or run a small contracting business, these issues probably come up often.. Regardless of what type of construction you specialize in, whether it is flooring, demolition, electrical, roofing, HVAC, or something else, you know that every type of construction project involves estimating, budgeting, purchasing materials and equipment, and hiring skilled labor.Especially for larger, more expensive projects, clients may sign an agreement, but won’t expect to pay for the entire job up front. This means you front large amounts of cash for the job costs until the work is completed, which could be months, or even years. If the job lasts multiple weeks, your construction company can sometimes run dangerously low on funds, or even be without operating capital for months, depending on how many concurrent projects and invoices you have.Of course, no business can stay afloat without cash reserves for long. As a result, many construction companies rely on construction invoice factoring to obtain the cash necessary to perform day-to-day operations.What is Construction Invoice Factoring?Invoice factoring is a cash advance for your outstanding receivables. It is not a loan. Once approved for construction invoice factoring, your construction company get access to funds, typically within a few business days, for outstanding invoices.With invoice factoring, construction companies are able to expedite cash flow, so they can begin the next phase in their projects or start a new project entirely.Invoice factoring ensures that construction companies will be paid sooner instead of having to wait for customers to pay their invoices after the next milestone, or after project completion.Who Uses Construction Invoice Factoring?Invoice factoring is suitable for any type of construction company or independent contractor. Whether your specialty is landscaping, roofing, paving, site clean-up, or utilities, any contracting company that issues invoices with net terms between 15 to 90 days is eligible for invoice factoring.Construction invoice factoring is also ideal for companies who

FreightRover LLC, a provider of supply chain management and payment solution technology for the transportation industry, announced it has closed on a new financing facility of up to $500 million with Crayhill Capital Management LP ("Crayhill") and other investors. The new facility will support the supply chain and factoring operations conducted by FreightRover's affiliate, Rover180 LLC ("Rover180"). Rover180 recently launched as a trade finance company focused on facilitating quick pay financing options for suppliers, with a special emphasis on transportation providers.Rover180's supply chain financing and factoring solutions allow buyers to benefit from extended pay terms while providing suppliers with accelerated receivables. "The capital resources provided by Crayhill and other investors, combined with our advanced technology platform, will enable FreightRover to fund the myriad of supply chain micro-payments across a highly fragmented supplier group," said Eric Meek, CEO of FreightRover. "Traditional supply chain finance offers limited flexibility and often lacks automated efficiencies. Our capital and technology structure uniquely address both challenges for prospective clients.""Crayhill is excited to partner with FreightRover's experienced management team to scale its innovative Rover180 platform for transportation supply chain finance," said Josh Eaton, Managing Partner of Crayhill Capital. "We are impressed by FreightRover's ability to offer value-added technological and management solutions in the transportation industry and are well-positioned to help Rover180 leverage this expertise to bring efficiencies and scale to the supply chain finance markets. Crayhill's expertise in providing asset-based capital solutions to trade finance and specialty finance companies, combined with our collaborative approach to assisting our partners in optimizing and executing their business plans, is well suited to help Rover180 capture this attractive market opportunity."According to The Hackett Group, top buyer timetables in the US have extended to an average of nearly 57 days to pay suppliers. Managing delayed cash payments is increasingly difficult for small

Original ArticleOutcomes and Perception of a Conventional and Alternative Myoelectric Control Strategy A Study of Experienced and New Multiarticulating Hand UsersVilarino, Martin MSE; Moon, Jayet BTech; Rogner Pool, Kasey OTR, MOT; Varghese, Joby OTR, MSOT; Ryan, Tiffany OTR, MOT; V. Thakor, Nitish PhD; Kaliki, Rahul PhD MARTIN VILARINO, MSE; JAYET MOON, BTECH; and RAHUL KALIKI, PHD, are affiliated with the Infinite Biomedical Technologies, Baltimore, MD. KASEY ROGNER POOL, OTR, MOT; JOBY VARGHESE, OTR, MSOT; and TIFFANY RYAN, OTR, MOT, are affiliated with the Advanced Arm Dynamics, Redondo Beach, CA. NITISH THAKOR, PhD, is affiliated with the Johns Hopkins University, Baltimore, MD. Disclosure: Nitish Thakor has conflict of interest due to his role in founding and ownership of Infinite Biomedical Technologies. This conflict of interest has been declared and is managed by Johns Hopkins University. Thakor also has board membership and is Principal Investigator on several currently funded grants. Jayet Moon has conflict of interest due to his employment at Infinite Biomedical Technologies. Martin Vilarino has conflict of interest because he has received support for travel to meetings for the study or other purposes. Vilarino is currently employed at Infinite Biomedical Technologies. Vilarino helped to write a grant (currently funded) for Infinite Biomedical Technologies (outside the submitted work). Vilarino has received payment for development of educational presentations. Vilarino has had support travel/accommodations/meeting expenses unrelated to activities listed. For the remaining authors, none were declared. Correspondence to: Martin Vilarino, MSE, 1101 E 33rd St, Suite E305, Baltimore, MD 21218; email: [email protected]