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Six Types of Companies - Which Group Are You In? - Our Truck Factoring Company Can Provide
Your Truck Company The Cash Your Company Needs

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Medium-Size truck businesses, specifically those who have not been in existence for very long, will typically find it hard to protect a loan. Banks are often hesitant to lend money to companies that do not have a great deal of earnings and assets. They also desire proof of the viability of a company and therefore need that many operations, especially little ones, been around for a certain amount of time before they want to hand over any money. Since of this, a medium-size company frequently has few money creating choices when needs occur. One alternative readily available, however commonly ignored, is receivable Financing. This is an outstanding way for a medium-size company to obtain cash.

 

 

 

 

 

 

 

I liked this product so much - that I  - Select A Receivable Loan C0mpany Instead Of A Typical Bank Financing

Exactly how to Increase Money Flow Without Loaning -Cash Money flow is one of the main reasons businesses fail.

At one time or another, every business, even successful ones, have actually experienced bad cash flow.

Cash flow does not have to be a problem any ever more. Do not be deceived -- banks are not the only places you can get financing. Other options are offered and you do not have to borrow. Exactly what is trucking factoring ? One option is called truck factoring. Truck Factoring is the procedure of selling invoices to an investor instead of waiting to collect the money from the client. Oh, the Irony- Truck factoring has an ironic distinction: It is the financial backbone of many of America's most successful businesses. Why is this paradoxical ? Since accounts receivable factoring is not taught in business colleges, is seldom discussed in business strategies and is relatively unidentified to the majority of most of American business individuals.

Yet it is a monetary procedure that releases up billions of dollars every year, allowing countless businesses to grow and prosper. Trucking Factoring has been around for countless years. Invoice Factoring Businesses are financiers who pay cash for the right to get the future payments on your invoices. An unpaid receivable or invoice has value. It is a debt your client has actually to pay in the near future. Factoring Principals--Although factoring offers solely with business-to-business deals, a large portion of the retail business uses a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail transactions. Utilizing the purest definition of the word, these large customer finance companies are truly just large Receivable Financing Businesses of customer paper. Think about it: You purchase at Sears and charge it to your MasterCard. The shop gets paid practically instantly, although you do not pay until you are prepared.

For this service, the credit card company charges Sears a charge (typical common normal fees vary from 2 to 4 percent of the sale). The Advantages Staffing Factoring can provide numerous benefits to cash-hungry companies. Rather than wait 30, 60, 90 days or longer for payment on a product that has actually currently been provided, a business can factor (sell) its receivables for cash at a little discount off the dollar value of the invoice. Payroll, advertising efforts, and working capital are just a few of the business needs that can be met with instant  cash.

Factoring offers the means for a producer to replenish inventory and make even more products to offer: There is no longer a need to await for earlier sales to be paid. Receivable Loan Financing is not simply a money management tool for manufacturers: Practically any kind company can take advantage of Receivable Loan Funding. Typically, a company that extends credit will have 10 to 20 percent of its annual sales tied up in accounts receivable at any given time. Think for a moment about exactly how much is tied up in 60 days' worth of invoices: You can not pay the power expense or today s payroll with a customer s invoice, however you can offer that invoice for the cash to meet those responsibilities. Using trucking factoring companies is a quick and simple process. The factor purchases the invoice at a price cut, usually a couple of percentage points less than the face value of the invoice.

 

 

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The American Trucking Association
states that there around
205,000 work with truck
companies and
276,000 private companies trucking
companies accredited to
run in the U.S. that transported,
according to their newest listings of millions of
products, materials and
standard products .
There are a number of typical
providers either going solo or in
groups on our country
roadways transferring these
vital items to our
shops, manufacturingplants and shipping ports.

And freight bill factoring
firms aid
numerous of them and offer their
receivable loan services
nationwidecounting
including the following states.

: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho State, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming

 

"

Portland is the largest city by population in the U.S. state of Oregon, near the couence of the Willamette and Columbia rivers. According to the 2010 Census, it had a population of 583,776, estimated to have reached 609,456 in 2013, making it the 29th most populous city in the United States and the third most populous city in the Pacific Northwest region, after Seattle, Washington, and Vancouver, British Columbia, Canada. Approximately 2,314,554 people live in the Portland metropolitan area (MSA), the 19th most populous MSA in the United States.Portland was incorporated in 1851 and is the county seat of Multnomah County. The city has a commission-based government headed by a mayor and four other commissioners as well as Metro, a distinctive regional government. The city is noted for its superior land-use planning and investment in light rail. Because of its public transportation networks and efficient land-use planning, Portland has been recognized as one of the most environmentally conscious cities in the world.Located in the Marine west coast climate region, Portland has a climate marked by both warm, dry summers and wet, cool-to-chilly winter days. This climate is ideal for growing roses. For more than a century, Portland has been known as the ""City of Roses"", with many rose gardens � most prominently the International Rose Test Garden. The city is also known for its abundant outdoor activities, liberal political values, and beer and coffee enthusiasm. Portland is home to a large number of independent microbreweries, microdistilleries and food carts that contribute to the unofficial slogan ""Keep Portland Weird"".[Portland's location is beneficial for several industries. Relatively low energy cost, accessible resources, north�south and east�west Interstates, international air terminals, large marine shipping facilities, and both west coast intercontinental railroads are all economic advantages. The US consulting firm Mercer, in a 2009 assessment ""conducted to help governments and major companies place employees on international assignments"", ranked Portland 42nd worldwide in quality of living; the survey factored in political stability, personal freedom, sanitation, crime, housing, the natural environment, recreation, banking facilities, availability of consumer goods, education, and public services including transportation.Since the 1990s, companies that have moved their world, North American, or U.S. headquarters to Portland include and athletic and footwear manufacturer The metro area is home to more than 1,200 technology companies. This high density of technology companies has led to the nickname Silicon Forest being used to describe the Portland area, a reference to the abundance of trees in the region and to the Silicon Valley region in Northern California. The Silicon Forest is home to facilities for hardware makers such as (China's largest footwear manufacturer), is one of two Fortune 500 companies headquartered in Oregon, the other being Nike. Other manufacturing companies based in Portland include Freightliner Trucks, Daimler Trucks North America, Zidell Companies and The Collins Companies. Western Star Trucks builds their trucks in the city.considered � respectively � the industry leaders in multitools and motorcycle riding wear, are also based in Portland.The steel industry's history in Portland predates World War II. By the 1950s, the steel industry became the city's number one industry for employment. The steel industry thrives in the region, with SIndustries, a prominent steel company, shipping a record 1.15 billion tons of scrap metal to Asia during 2003. Other heavy industry companies include E.Portland is the largest shipper of wheat in the United States, and is the second largest port for wheat in the world. The marine terminals alone handle over 13 million tons of cargo per year, and the port is home to one of the largest commercial dry docks in the country. The Port of Portland is the third largest export tonnage port on the west coast of the U.S., and being located about 80 miles (130 km) upriver, it is the largest fresh-water port

 

"

 

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Receivable loan company Calculator
This calculator will show you how much you will make by using our receivable loan company . But, as your about to discover, you will certainly notice the increased cash flow that will occur when you use our receivable loan company
Enter the principal balance of your receivable loan company
(call your receivable loan company lender and ask for the current payoff amount):
Enter the amount of your monthly receivable loan company payment:
(invoice amount):
Enter the your receivable loan company's current interest rate:

Searching for the right trucking companies to move your freight can be tough, with the large amount of local, regional, and national truck carriers out there. Center helps make freight shipping simple, finding you the safest, reliable trucking companies every time you ship. Trucking companies are licensed and insured to carry freight safely and efficiently across the country, no matter the size or type of freight you need to ship.Plus, with the high volume of freight we move, we will work to get you the best freight rates possible. Simply enter in a few details below and you�ll see instant freight rates from all the top trucking companies in one easy screen

 

The largest trucking companies in the U.S. set a revenue record in 2013, but revenuegrowth slowed for the second year in a row.

The combined revenue of the 50 largest motor carriers rose to $106.6 billion last year, according to The Top 50 Trucking Companies list, based on data prepared by Consulting Group in Pittsburgh.

 

If you're like most drivers, you're looking for a better company in trucking that might be offering the best jobs in terms of pay, freight, and hometime ' not to mention benefits or a sign on bonus. We've got all of our clients listed based on the states where they're hiring, so you can quickly find the best job in your home state. You'll see the very best nationwide trucking companies that have positions available.

 

EveryJob is a free service dedicated to helping professional truck drivers find new truck driving jobs with the best trucking companies hiring today!

Locate truck driving jobs by city, state, position andenefits offered. Search current driving jobs and fill out the EZ truck driver application customized for cdl trucking jobs

 

If you're like most drivers, you're looking for a better company in trucking that might be offering the best jobs in terms of pay, freight, and hometime ' not to mention benefits or a sign on bonus. We've got all of our clients listed based on the states where they're hiring, so you can quickly find the best job in your home state. You'll see the very best nationwide trucking companies that have positions available.

 

EveryJob is a free service dedicated to helping professional truck drivers find new truck driving jobs with the best trucking companies hiring today!

Locate truck driving jobs by city, state, position andenefits offered. Search current driving jobs and fill out the EZ truck driver application customized for cdl trucking jobs

 

 

"

Richards Truck and Haul has been in business since the mid 1980s. For more than twenty years they've been delivering goods for most major industries in the nation, with business booming as they traversed the country, in all kinds of weather, for all kinds of clients. During the boom times from 2002 to 2007 Richards Truck & Haul was the mastermind of a top-rated accounts receivable in the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. Cash was flowing and times were good for all.It was just one year later, in 2008, when the economy in the United States took a sharp decline, and both large and small businesses started to notice the squeeze on their pocketbooks: everyone had suddenly gone silent. Business slowed down. And worse yet, Richards had noticed during the early part of 2008 that though the bulk of their clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. Spring changed to summer, summer changed to fall, and the CEO of Richards, Ben Reynolds, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The numbers of clients who owed him back debt were growing.He had already been to the administrators to ask what the actual problem was. Were they doing things different, or wrong, when it came to collecting overdue accounts? By his bookkeepers records, this wasn't the case. Perhaps he was losing his customers to his competitor, who seemed to offer very low prices with no guarantee of quality or performance, and these clients who were in debt to his company had possibly disappeared leaving him stranded. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Richards hadn't gone elsewhere. The had just gone!.The situation looked dire to Ben Reynolds. He had employees to pay, goods to ship, trucks to maintain and overhead that was almost unbearable when compared against the lack of funds that were coming in. After work he would confide in his wife, Wilma, and neither were unable to stop the constant worry over the lack of funds.""I have a bad feeling, Lin,"" he'd sadly say to his wife.""Well, what do you think it is?"" she would ask.Ben would stare off for a moment and then close eyes. He could see the fleet of trucks he had purchased over the years. He could see them on the road, delivering good to all his loyal customers. But then a haze would cover his trucks and his vast fleet would vanish to leave just a few. What could cause this ultimate death spiral of business?""I think I know what it could be,"" said Ben. ""I've relied too long on the profits I receive from invoices alone. For too long I've been allowing our clients to let their accounts become overdue."" All Wilma could do was hold his hand and look at him tenderly. 'We know it is a difficult economy at the moment - perhaps it will take a while for people to get on top of their bills'.""Ben knew very well that Wilma was only trying to help, but his responsibilities weighed heavily on his shoulders and he knew he had better do something soon to resolve this situation.The following day Ben walked into his office with a spring in his step, determined to call each and every client who owed money to Richards Truck & Haul. This wasn't really a very efficient way for a Chief Executive to spend his day, and Ben knew he should be overseeing all the other sides of the business, such as shipments and deliveries, approaching prospective customers, or working with his sales team. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. Wasting money, wasting time - even with the best of intentions, Ben knew that he was in trouble.

 

After a half day of contacting debtors in vain - they dodged his calls or promised to call back at worst or made minimal interest-only payments at best - he was about to throw in the towel when his secretary Mariaerley knocked at his door.

 

""Can I have a word with you Ben?"" she queried, standing in the doorway.

 

""Of course Maria, please come in."" Ben leaned back in his chair and looked expectantly at Mariaerely.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Ben."" She opened up a folder she had been carrying and pulled out a small wad of papers, placing them on the desk in front of him.""Have you ever heard the word factoring?"" she asked.""It sounds vaguely familiar. What is factoring""? he asked.""Well,"" she began, ""It�s actually quite simple really.

 

So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Ben interrupted ""Immediately?"".""Immediately, yes"" she added, ""In a nutshell, it is pretty easy. We can have an expert account manager review our numbers and help us complete a company profile. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. Additionally, the factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It provides a very broad view.""Ben replied cautiously ""I see - and what happens then?""Following the completion of their review and once we have been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.

 

The company will advise us the cost to purchase factoring for our company's accounts receivable. We come to an agreement and the funding starts pouring out.�Ben leaned forward and reviewed the paperwork closely.""I do not know, Maria - it just sounds too good to be true"", Ben said quietly.""Now, now, I know, I thought the same thing. But think about it, Ben: they've guaranteed that experts will do all the paperwork, and that will free us up to do what we should be doing - focusing on our customers in good standing, and that kind of stuff. They appear to be very flexible, Ben,"" she drew a circle around a paragraph on the document before him.""How flexible?"" asked Ben.""They personalize the factoring rates so that the amount they are willing to take on is commensurate with our needs and our client�s debt. It only takes 2 to 4 days for this to be figured out. ""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. it is imperative that we keep the business rolling as usual, and every day we go unpaid we are getting closer and closer to dealing with some serious issues in both the short term and the long term,"" said Ben.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Ben thought about this and agreed with Mariaerley. The customers who were in debt to Richards Truck & Haul were professional resources of the company, but they were also long-standing friends. Ben wasn't prepared to lose these relationships just because they were having financial issues at the moment. Ben knew that the economy had taken a hit and he knew that it would probably be a long time before things started to look up again. That unknown amount of time could create a disaster situation for both of them if he wasn't careful in how these debtors were handled. Of course he did not want to lose any more money, but he did not want to lose business either.""Let me go over this tonight Maria, and thankyou."" Maria nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.Ben stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. What other issues could freight factoring help Richards with? With his pencil gliding down the sheet he noticed that the factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. Ben was surprised: it said that his company could get up to fifty percent cash advances on load pickups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.""I must tell Victor the good news,"" muttered Ben to himself.Ben's son-in-law, Victor, loved the idea behind Richards and highly respected his father-in-law for having such great business sense, that two years ago he got his capital together and started his own transportation company. At that time Ben knew the struggles Victor would face, but he still encouraged him to follow his dream. With the faltering economy, if a big fish like Richards was hurting, a little guy like Victor was about to catch his death. But, maybe the answer for both of them was in freight factoring, and Ben was going to find out very soon.Some months later, having successfully gone through the entire process of the application, having experts study his credit history and statements and review his accounts receivable, Ben found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They used that time to refocus their efforts in being competitive in new territories. Ben looked back on the dismal months of life before freight factoring and almost shuddered at the thought. If Ben hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

"

Portland is the largest city by population in the U.S. state of Oregon, near the couence of the Willamette and Columbia rivers. According to the 2010 Census, it had a population of 583,776, estimated to have reached 609,456 in 2013, making it the 29th most populous city in the United States and the third most populous city in the Pacific Northwest region, after Seattle, Washington, and Vancouver, British Columbia, Canada. Approximately 2,314,554 people live in the Portland metropolitan area (MSA), the 19th most populous MSA in the United States.Portland was incorporated in 1851 and is the county seat of Multnomah County. The city has a commission-based government headed by a mayor and four other commissioners as well as Metro, a distinctive regional government. The city is noted for its superior land-use planning and investment in light rail. Because of its public transportation networks and efficient land-use planning, Portland has been recognized as one of the most environmentally conscious cities in the world.Located in the Marine west coast climate region, Portland has a climate marked by both warm, dry summers and wet, cool-to-chilly winter days. This climate is ideal for growing roses. For more than a century, Portland has been known as the ""City of Roses"", with many rose gardens � most prominently the International Rose Test Garden. The city is also known for its abundant outdoor activities, liberal political values, and beer and coffee enthusiasm. Portland is home to a large number of independent microbreweries, microdistilleries and food carts that contribute to the unofficial slogan ""Keep Portland Weird"".[Portland's location is beneficial for several industries. Relatively low energy cost, accessible resources, north�south and east�west Interstates, international air terminals, large marine shipping facilities, and both west coast intercontinental railroads are all economic advantages. The US consulting firm Mercer, in a 2009 assessment ""conducted to help governments and major companies place employees on international assignments"", ranked Portland 42nd worldwide in quality of living; the survey factored in political stability, personal freedom, sanitation, crime, housing, the natural environment, recreation, banking facilities, availability of consumer goods, education, and public services including transportation.Since the 1990s, companies that have moved their world, North American, or U.S. headquarters to Portland include and athletic and footwear manufacturer The metro area is home to more than 1,200 technology companies. This high density of technology companies has led to the nickname Silicon Forest being used to describe the Portland area, a reference to the abundance of trees in the region and to the Silicon Valley region in Northern California. The Silicon Forest is home to facilities for hardware makers such as (China's largest footwear manufacturer), is one of two Fortune 500 companies headquartered in Oregon, the other being Nike. Other manufacturing companies based in Portland include Freightliner Trucks, Daimler Trucks North America, Zidell Companies and The Collins Companies. Western Star Trucks builds their trucks in the city.considered � respectively � the industry leaders in multitools and motorcycle riding wear, are also based in Portland.The steel industry's history in Portland predates World War II. By the 1950s, the steel industry became the city's number one industry for employment. The steel industry thrives in the region, with SIndustries, a prominent steel company, shipping a record 1.15 billion tons of scrap metal to Asia during 2003. Other heavy industry companies include E.Portland is the largest shipper of wheat in the United States, and is the second largest port for wheat in the world. The marine terminals alone handle over 13 million tons of cargo per year, and the port is home to one of the largest commercial dry docks in the country. The Port of Portland is the third largest export tonnage port on the west coast of the U.S., and being located about 80 miles (130 km) upriver, it is the largest fresh-water port

 

"

 

More Trucking Factoring Companies Story Articles

"

The Future of a Trucking Company, and Factoring The phone was ringing on his desk, and Earl Griffin just sat there letting it ring. His morning coffee cooled and his cigarette smoked away in the tray: Earl is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Griffin Trucking Company had reached a turning point and he now had to make a decision as to whether he should sign up with a factoring company, and indeed if this would be a good or regrettable decision for his business.

 

Earl�s father had started as an owner-operator and had grown Griffin Trucking Company into a fifteen trailer fleet over forty years. There had been some hard times when it seemed everything was going to go under and even Earl�s mother strapped herself into a cab to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. But now things were different: the company was in Earl's hands and he needed to ensure that this business would be left in great shape for his sons.

 

To move Griffin Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. His employees needed to be paid. They had families and household bills too. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requests for loads of agricultural and energy equipment. He knew that turning down these requests made Griffin Trucking look inefficient and weak in what was currently a strong market.

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Earl allowed himself a good hard chuckle. He remembered when his father was totally against installing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� He smiled to himself as he remembered his father poking fun at the other drivers who switched to automatic, even though automatic was quite obviously more efficient (though less manly). His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.

 

Earl knew he was right in his forward thinking. How would he take Griffin Trucking to the next level? And how would he be able to afford it? Business funding was tied up in fuel bills and the mortgage for the garage and office. He just finished paying off the small bank loan for installing satellite radio in the trucks for the guys.

 

He wondered about factoring - was this the answer for him? There was a lot he didn�t understand about the process. It sounded like a ninth grade math problem and he wondered how this would fit into the trucking business. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. In return, the factoring company pays the trucking business straight away, providing immediate cash flow for the business to pay staff, purchase fuel, and do any repairs or maintenance. Without the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. During those thirty days the trucking company cannot pay its employees and bills with invoices.

 

Now it was time for Earl to do his homework. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! He'd even heard about some companies putting you onto a sliding percentage scale regardless of any previously signed contracts for possibly 3% or 7%, and there you are now with 10% coming as a charge to you out of the freight bill. His friend Ronnie who had a trucking business in Missouri, was run nearly into the ground by a factoring company that charged him the full freight bill on top of the factoring fees. He knew he would have to be very careful if he was to avoid any of these shady companies?

 

However, it all turned out to be very simple. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He was quite happy to sign an exclusive contract. In fact, he was quite pleased with the idea of a long-term contract because he knew this was a one-off and he would not have to keep going back and forth to different companies. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It was good money.

 

For Earl it was quite a relief to be dealing with the factoring company. They were extremely helpful and more personable than the bank staff. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. Factoring was based on the credit of his customers and on their reliability which worked well for Earl because he and his father had built up good strong relationships over decades with their list of clients. So he knew they would understand when the factoring company contacted them for the invoices. His clients wouldn�t think poorly of Griffin Trucking and the factoring companies appeared capable of handling the accounts receivable in the same polite manner that his father had used over the years.

 

Feeling happier now, Earl stepped out of his office to advise his secretary to expect to receive the contract very shortly from the factoring company. He felt exhilarated by the new possibilities that would make the future of the company fun again and put the stress of the difficult times behind him. He suddenly realized that, with this new cash flow, he could actually expand Griffin Trucking Company and who knows, move into Canada, which had always been his dream. His heart felt full knowing his sons wouldn�t have to worry about money because of the right decisions he had made for their trucking business.

 

"

 

 

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Trucking Factoring  Articles

"

�So, this is not a loan?� asked Jamie Bradley, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she stated.Jamie was the owner of a small trucking company which had fallen on some hard times recently. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Jeffery. His company was called Jordan Trucking, named after both of his grandfathers, Ricardo and Salvador. Both of these men had been very hardworking and had set a great example for Jeffery.Disaster had struck half a year ago, when two trucks in Jeffery�s fifteen truck fleet went down. One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. The financial security of Jeffery's company relied on his full fleet on fifteen being on the road, and missing two trucks was just devastating . In addition, he just did not have the available cash to buy a new truck, plus repair the other one.Paying of bills in the trucking industry is always a major cause for concern for businesses.

 

Waiting a month or longer for bills to be paid was quite normal. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Jamie was an excellent business man, and he certainly hadn't done anything wrong. Certain events had occurred that he could not possibly have predicted, and now he had to find a way to protect his business and prevent it from ultimate devastation.That�s where the woman across the desk came in. Jamie knew she was employed by a Factoring company and that her name was Suzanne. Jamie had come across her company as he sat in his office late one night, pouring over the internet for some solution to his problem long after his employees had gone home.Suzanne explained. �it is really not a loan at all: we actually buy your accounts receivable. We aren�t giving you money to be paid back later, we�re buying something from you, and you can buy it back when you can. This is a win-win situation: we are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Jamie agreed. It sounded perfect - perhaps too good?.Suzanne laughed. �You look like you don�t believe me,� she said.�Oh no, I do: it just sounds too good to be true. I thought I was going to lose my company.�Suzanne smiled, agreeing. �Yes, we get a lot of that. Listen, I�d hate to see you lose your company. You work hard, you�ve put everything you can into it. We all need help sometimes. That�s what we�re here for.""Well, I'm very grateful that you came to see me today.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� said Suzanne with a smile. �Let�s see what we can do to help you.�And right there and then they created a business profile. Jamie completed the form, with Suzanne offering advice as needed.

 

The completed profile gave Suzanne and her company all the information they needed on Jeffery's business, and with this information they would determine if this business would in fact be suitable for Factoring. In truth, not all companies were. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. As Jamie completed his form, Suzanne listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Suzanne took it and slid it into her briefcase. Standing up, she reached over the desk and shook Jeffery's hand. He stood before they shook as well, and then smiled. They said their goodbyes and Jamie walked her to the door, and then returned to his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He shut his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. But now, after speaking to Suzanne and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The terrifying panic attacks that occurred regardless of where he was. He could feel it all fading away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was still here; he knew this was the right path for him, and he felt proud that he had taken the appropriate steps to sort out his problems.Jamie couldn�t help but think back to when he had first started the business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been really successful. Offering home cooking in his own hometown, his business had really prospered.But he had gotten bored. He wasn't passionate about the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took half a year off, and in that time he thought to start Jordan Trucking. So he did it. Once again he built a company from the ground up. The business had been an instant success.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was nearing fifty. He didn�t think he had it in him, to save this company. But giving up wasn't part of his personality either.

 

The idea of cutting his losses, shutting down, laying off his workers, it actually made him sick some nights. He didn�t know how to say quit.And now it seemed as though he would not have to - all because of Factoring. Jamie opened his eyes, sat forward, turned his computer on. He had things to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.

 

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More Trucking Factoring Company Story Articles

Precisely why Trucking Establishments Employ Factoring Companies.

 

As the operator of your own business, you may be much more than knowledgeable already of the hardship in making sure that cash flow issues do not become a difficulty down the line. After all, the toughest thing that can potentially take place for your enterprise is to find yourself swept up in a long and hard condition that leaves you forever searching for the funds you need to have on an recurring basis.

 

For virtually any business enterprise in this position, the issue can come for waiting for work to lapse and actually be settled into your balance. Invoices, checks, and the like could take some time to actually to be taken care of which could leave you with momentary capital problems. Thankfully, there are solutions out there for industries to delve into-- and one of these is factoring companies.

 

Factoring firms will, in exchange for your accounts, grant you with the money asap so that you do not have to stress over the waiting phase that could make paying the bills and purchasing materialsmore challenging. With this kind of arrangement, invoice factoring can come to be extraordinarily useful for lots of enterprises who have to get out of a money ploy which they have gotten themselves in.

 

For the reason that, depending on the volume of the job, it can take up to 60 days for some businesses to get paid out then it is significant to cover up your own back and definitely not leave yourself money short to pay off the expenses. After all, how many enterprises possess two months cash flow just lying there to cover all their bills until they get paid?

 

This is most notably true of truck agencies. They generally take care of great deals of statements which means a significant amount of collection time involves business owner themselves. Trying to get paid out in time can develop into an unbelievable struggle and this is exactly why you work with trucking factoring agencies who are pleased to help out truckers primarily.

 

As we all recognize, trucking is an unbelievably big field with lots of firms out there hiring hundreds of drivers. The sad thing is, many of these drivers land up in money issues since they are still waiting on work from six weeks in the past to actually compensate them. When this is the condition for a truck company, choosing factoring agencies for assistance maybe the best alternative left.

 

This means that a trucking organization can pay out the paychecks of the personnel, keep all the cars refilled with fuel and continue to scale, progress and expand without constantly waiting for the finances which is taking too prolonged to come in. Trucking Businesses running without a factoring program implemented are leaving themselves at substantial hazard, as rivals cash out rapidly and carry on to expand.

 

There's honestly very little to be troubled about when it comes to making use of a Factoring business-- they commonly are not like a financial institution or somebody who is going to leave you with a big mound of debt to pay back. You give them legitimate invoices from output you have already accomplished , you are only just facilitating the repayment process.

 

In the United states of America, where trucking enterprises flourish, factoring companies are not considered getting a loan in any capacity. This confidential arrangement then allows both groups to benefit and experience a good future-- it provides the factoring provider a guaranteed asset of money to put into the list and it furnishes the trucking company the needed finances that they sweated to earn.

 

The trucking company gives their accounts to the factoring agency. The trucking factoring firm then receive the payment amounts from the trucking company's clients. Factoring has beenaround for hundreds of years and has been adopted for several years by a lot of varying markets-- but none exceeding so than truckers. While you might miss out on a small part of the money, something like 1-3 % depending upon who you team up with, it signifies that you are obtaining the finances today and can actually start putting the resources to function.

 

Once and for all, an IOU or an invoice is not actually going to fund costs, is it? For trucking agencies when the money can be fantastic one day and gone the next, it is up to the vehicle drivers to work prudently and to guarantee they are leaving themselves with a significant quantity of time and money to get through the week until they are handed over once again.

 

So the next period your trucking enterprise is having some temporary cash flow issues and you are shelling out an excessive amount of time chasing slow paying clienteles, why not start off thinking about using a factoring businesses as a means to get your money and give yourself a more comfortable future in the eyes of your trucking staff and your bank dividend?

 

 

 

 

 

 

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Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. While these loans are handy they are not available to every business. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it is usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Of course, once that loan has been re-paid, you can always re-apply for another loan.

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 80%-95%. The amount of money you can receive is based on the amount of money you have earned and the accounts receivable you are willing to �sell.� Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

While not every business can take advantage of Trucking Factoring account financing (you have to have a business that has account receivables) for those that can use this type of financing there are several distinct benefits.

 

1. You will not Incur Debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating will not be affected. In the event that your business fails, you would not have to be concerned about someone coming after your personal or your business assets in order to pay off a loan. The debt goes onto your credit report with a bank loan, with only one missed payment adversely affecting your business credit: it would also affect your ability to secure insurance, and may reflect on your personal credit rating as well.

 

2. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable are being offered for financing. This means that it is easier for new businesses to access the finance they need through a Trucking Factoring company, providing their accounts receivable are in good order. A bank may believe you haven't been in business long enough to be able to cover this risk.

 

3. Receive Your Money Faster. Using a Trucking Factoring company means that you'll get the finance quicker. Once the Trucking Factoring company assures itself that the customers in your accounts receivable are likely to pay their debt, the money is usually in the account within 24 hours. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.

 

4.You receive interest up-front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So not only are you relieved of those monthly loan payments, but you also do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The most important benefits is that once you sell your accounts receivable to the factory company, you do not have to take time away from running your business to collect the money owed from reluctant to pay customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.While a Trucking Factoring company is not the only way for your business to obtain the money it needs to keep growing, it does offer a type of financing well worth considering.

 

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Factoring Companies by City

New York City

Los Angeles


Chicago


Houston


Philadelphia


Phoenix


San Antonio


San Diego


Dallas


San Jose

Austin


Jacksonville


Indianapolis


San Francisco


Columbus


Fort Worth


Charlotte


Detroit


El Paso


Memphis

 

 

Boston


Seattle


Denver


Washington DC


Nashville-Davidson


Baltimore


Louisville/Jefferson


Portland


Oklahoma City


Milwaukee


Las Vegas


Albuquerque


Tucson


Fresno


Sacramento


Long Beach


Kansas City


Mesa


Virginia Beach


Atlanta

 

Colorado Springs


Raleigh


Omaha


Miami


Oakland


Tulsa


Minneapolis


Cleveland


Wichita


Arlington

 

New Orleans

Bakersfield

Tampa

Honolulu

Anaheim

Aurora

Santa Ana

St. Louis

Riverside

Corpus Christi

Pittsburgh

Lexington Fayette

Anchorage

Stockton

Cincinnati

St. Paul

Toledo


Newark

Greensboro

Plano

Henderson

Lincoln

Buffalo

Fort Wayne

Jersey

Chula Vista

Orlando

St. Petersburg

Norfolk

Chandler

Laredo

Madison

Durham

Lubbock

Winston Salem

Garland

Glendale

Hialeah

Reno

Baton Rouge

Irvine

Chesapeake

Irving

Scottsdale

North Las Vegas

Fremont

Gilbert town

San Bernardino

Boise

Birmingham

Rochester

Richmond

Spokane

Des Moines