Blog Zone

Securing A Reliable Cash in Transit Company for Our Business

checklist for cash in transitPutting up a business is no easy task because you need to make sure that everything is safe and sound because we are dealing with money here. Not only that, we are also putting some, if not all, investments so we need to find a reliable company that can look after our money for us. One of the services that our businesses would need is from a cash in transit company. We need them to make sure that we have enough knowledge about choosing the right service provider. We have to do our research so we can make sure the company is trustworthy especially that there is only a few competition around. Here’s how.

Check their History and Records

Sure, it would take a lot of job for us to check their past dealings with a client but it is one way we can make sure if the company we will hire have a good reputation. Making sure they have a good reputation will help us become confident that our money and other valuables will be in good hands. We can do background check of their history and the reviews of their clients about the service they offered. We should be alert on feedback that reveals any complaint from their clients before. However, we should not easily conclude that they are not a good company because they might have been wrongly accused and could have handled the complaint very well. Their level of transparency also talks much about the kind of dealing we will have with them. We would feel more secured if they would be able to explain to us every detail of the process without making it feel like they are hiding something. Any good cash in transit service provider should have employees that are competent and skilled.

MUST READ: Is Your Cash Transit Firm Following These Safety Procedures?

Learn about How they Would Protect Our Money

It would be helpful if they let us know what they will do during emergency situations like theft or robbery. They should be able to provide us their plans on how they reduce the risks of losing the money along the way. A good cash in transit company service provider should be able to provide us with a definite plan and their back up plans with regards to every kind of theft. They should also make sure that they have enough manpower to protect the money especially when dismounting it from the car. We would know that they can protect our money when they have a good connection with the police.

Cash in Transit

Secure if they can deliver Efficient Service

More than the reputation and the security they provide, a good cash in transit service provider have a measure of procedure that they can deliver your money on time and without delay. We have to check the over all status of the company to see if they would be efficient to carry our money for us.

With a number of CIT providers to choose from, we can have the best option when we research about the service they can provide, the security they can promise and the efficiency with the work.

Learn more about the duties and responsibilities of armored truck driver and also the protocol they follow during emergency.

Utilize the Facility of Invoice Factoring Business Loan If You Need a Small Business Loan

If you are running a small business, and are in dire need of a business loan immediately, then one easy solution is there for you. This needs no waiting time and do not need much of paperwork. This is a simple concept of B2B loan processing where one factoring company helps another. If you have invoices due, then you may get a loan from a factoring company based on the invoice outstanding through a time period of 30 days, 60 days or 90 days. This is called business loan – invoice factoring.

The simple rules of invoice factoring

When you show your outstanding invoice to the factoring company, you would get the loan on 2 installments. On would be the main chunk containing 80% of the invoice amount, and the next one would be 20% of the remaining from which the factoring fees would be deducted. That is simple concept, which minimizes the risk of loan taking.

That is because you eventually get paid from you payees, and that payment can be used to return back the loan.

Why is this a quicker and feasible loan option?

The main reason you can get somewhat guaranteed loan through the business loan- invoice factoring method is that your customers are like to pay you against the invoice. This is the main reason the loan can be processed quick. And it all depends on the history of your old payment receipt, and how good your relation is with your customers. It all hangs on trust, and this kind of B2B loan facility is available for all businesses.

In fact, this is a very good solution when you need a quick short-term loan, which you know you can pay back in a short term only, and won’t have to count paying much interest too.