This first edition list compiles the first wave of contacts and policies for operators who need to shift business and payment arrangements to cope with the COVID-19 crisis.
The Minority Limousine Operators of America hit all the critical financial and operational hot spots for how business owners can deal with the COVID-19 cash and revenue crunch.
Here is an example of a guide on what to cut from your operations and decisions to make as circumstances continuously change.
President Trump announced a major infusion to small companies lending as part of a broader coronavirus response.
Extending credit is a dicey decision for operators unable to run credit checks or retain the financial cushion to float debts.
Eventually the financial backers that have bankrolled Uber’s rise will expect returns for those investments.
An operator starts a financing company to help others afford the hottest limo sedan since the Town Car L.
The money would come from the leveraged-loan market, which is a nontraditional place for startups to seek cash.
The completion of the debt deal is a positive sign of better-than-expected demand for chauffeured services.
Federal Reserve Chairman Ben Bernanke called on banks this week to make more loans to small businesses to help create more jobs and boost the economic recovery.
FINANCE: The Fed chief urges more lending to small and medium-sized businesses that make up the vast majority of the chauffeured transportation industry.
The venture helps independent operators and chauffeurs affiliated with Carey to get easier access to credit in a tough economy.
Expert Don Coolbaugh of Advantage Funding continues a weekly series of questions and answers for chauffeured transportation operators on all matters related to financing and leasing fleet vehicles. You must clean up your own act before you borrow and spend on behalf of your business.
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