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Don't Even Think About Going To The Bank Without Reading This Report - Our Invoice Factoring Company Can Provide
Your Truck Company The Cash You Need

businessfinanceresource.org

trucking factoring companies reviews

trucking invoice factoring companies

trucking invoice factoring

transportation factoring trucking

Trucking Factoring is useful for a number of reasons. It allows a truck company to raise cash without getting brand-new financial obligation. While debt is in some cases required, most trucking firms would prefer to raise cash without borrowing money. Debt is dangerous, and when it cannot be paid back, assets can be repossessed. If the financial obligation is big enough, it may even force a truck businesses out of business.

 

 

 

 

 

 

 

Receivables Mysteriously Disappear from the Books - Pick A Truck�Factoring Company  Instead Of A Regular Bank Financing

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

At one time or another, every business, even effective ones, have experienced bad money flow.

Cash flow does not have to be an issue any ever more. Do not be fooled -- banks are not the only locations you can get funding. Other options are available and you do not have to borrow money. What is trucking factoring ? One solution is called trucking factoring. Truck Factoring is the procedure of offering accounts receivable to an investor instead of waiting to gather the cash from the client. Oh, the Irony- Truck factoring has a paradoxical distinction: It is the financial backbone of numerous of America's most effective companies. Why is this ironic ? Since trucking factoring is not instructed in business colleges, is seldom mentioned in company strategies and is fairly unidentified to bulk of most of American business people.

Yet it is a monetary process that releases up billions of dollars every year, allowing countless businesses to grow and succeed. Receivable Loan Financing has been around for thousands of years. Trucking Factoring Companies are investors who pay cash for the right to receive the future payments on your invoices. An overdue receivable or invoice has value. It is a financial obligation your client has actually to pay in the near future. Factoring Principals--Although factoring deals solely with business-to-business transactions, a large percentage of the retail company utilizes a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail deals. Using the purest definition of the word, these large customer finance business are really just big Invoice Factoring Businesses of consumer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The shop makes money almost immediately, even though you do not make payment until you are prepared.

For this service, the credit card business charges Sears a charge (typical common normal charges vary from two to 4 percent of the sale). The Benefits Receivable Loan Funding can provide many advantages to cash-hungry companies. Instead of waiting 30, 60, 90 days or longer for payment on a product that has currently been delivered, a company can factor (sell) its receivables for cash at a little discount off the amount of the invoice. Payroll, marketing efforts, and working capital are simply a few of the company needs that can be met with instant  money.

Accounts Receivable Factoring offers the ways for a manufacturer to renew inventory and make more products to offer: There is no longer a requirement to wait for earlier sales to be paid. Receivable Loan Financing is not just a money management device for producers: Practically any kind company can take advantage of Trucking Factoring. Generally, a company that extends credit will have 10 to 20 percent of its annual sales bound in invoices at any given time. Think for a minute about exactly how much is tied up in 60 days' worth of invoices: You can not pay the power expense or this week s payroll with a client s invoice, but you can offer that invoice for the cash to meet those responsibilities. Using trucking factoring companies is a quick and simple procedure. The factoring company purchases the invoice at a discount, typically a couple of portion points less than the stated value of the invoice.

 

 

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The American Transportation Organization
states that there are about
200,000 work with truck
firms and
276,000 personal providers trucking
companies licensed to
operate in the United States that carried,
according to their newest listings of millions of
products, supplies and
fundamental products .
There are several common
carriers either going solo or in
teams on our nation
roadways transporting these
crucial items to our
stores, manufacturingplants and ports.

And truck factoring
corporations aid
countless of them and offer their
receivable loan services
nationallyincluding
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

 

"

Scottsdale is a city in the eastern part of Maricopa County, Arizona, adjacent to the Greater Phoenix Area. According to the U.S. Census Bureau, as of 2010 the population of the city was 217,385. The 2013 population is estimated to be of about 226,918 people living within the city, The New York Times described downtown Scottsdale as ""a desert version of Miami's South Beach"" and as having ""plenty of late night partying and a buzzing hotel scene"". Its slogan is ""The West's Most Western Town"".Scottsdale, 31 miles long and 11.4 miles wide at its widest point, shares boundaries with many other municipalities and entities. On the west, Scottsdale is bordered by Phoenix, Paradise Valley, and unincorporated Maricopa County land. Carefree is also located along the eastern boundary, as well as sharing Scottsdale's northern boundary with the Tonto National Forest. To the south Scottsdale is bordered by Tempe. The southern boundary is also occupied by the Salt River Pima-Maricopa Indian Community, which also extends along the Eastern boundary, which also borders Fountain Hills, the McDowell Mountain Regional Park and more unincorporated Maricopa County land. The tourism industry is Scottsdale's primary employer, accounting for 39% of the city's workforce. In 2005, Scottsdale attracted over 7.5 million visitors to the city, providing an economic impact of over $3.1 billion. The city of Scottsdale by itself is home to more than 70 resorts and hotels, boasting over 15,000 hotel rooms. This large hospitality market primarily caters to a higher-end, white-collar demographic.The city of Scottsdale is third, after New York City and Las Vegas respectively, as having the most AAA Five-Diamond hotels and resorts in the United States.[] In 2008, AAA bestowed five such properties in Scottsdale with the highest honor: The Phoenician, The Canyon Suites, Scottsdale Camelback Inn, Four Seasons Resort Scottsdale at Troon North, and the Fairmont Princess Resort and Spa.Scottsdale boasts the highest number of destination spas per capita of any city in the United States.The region's year-round warm weather and abundant sunshine is a major factor in Scottsdale's tourism appeal. In particular, during the winter, thousands of wealthy tourists from the midwest, the northeast, and as far away as Canada, flood the area with long-term visits (known locally as ""snowbirds""). These tourists, who often practice the same migration routine annually, often end up purchasing second homes in the area.Over the past several years however, Scottsdale's growing abundance of trendy, high-end nightlife, cale restaurants, art galleries and luxury shopping, has made it a highly popular travel destination for the younger, white-collar, more style-conscious, travel set.The famed Mayo Clinic has one of its three major branches in Scottsdale. This and its resulting effects have made Scottsdale a strong destination nationally for medical care.The aviation industry has also grown in Scottsdale, with the construction of Scottsdale Airport in North Scottsdale, in the 1960s. Today, it is one the busiest single-runway airports in the United States in terms of aircraft operations. Though there is little to no commercial air service, nearly all operations are corporate or general aviation.The immediate area surrounding the Scottsdale Airport, known locally as the Airpark, has developed rapidly as a regional center of commerce. By 2004, the Airpark had grown to become the second-largest employment center in the Phoenix Metropolitan Area, with over 50,000 people being employed within a few-mile radius of the airport itself � notably in financial, retail, service, technological, design and manufacturing fields. The Airpark houses more nearly 2,500 individual businesses, with a combined economic impact of over $3 billion annually, and growing.The largest employment center in the Phoenix Metropolitan Area is the combined central areas of Midtown and Downtown Phoenix, with an estimated 65,000 employees. Considering the many large, yet-to-be-developed parcels and opportunities for growth in and around the still highly desired Airpark area in North Scottsdale, it is expected to overtake the central Phoenix markets in the near future, becoming the single largest center of employment in the Phoenix Metropolitan Area.Among the companies headquartered in Scottsdale

 

"

 

Watch Our Freight Factoring Companies YouTube Videos For More Information

 

Oilfield services Factoring Company Calculator
This calculator will show you how much you will make by using our Oilfield services Factoring company . But, as your about to discover, you will certainly notice the increased cash flow that will occur when you use our Oilfield services Factoring company
Enter the principal balance of your Oilfield services Factoring company
(call your Oilfield services Factoring company lender and ask for the current payoff amount):
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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

 

Click below to find Trucking Companies in the United States:

Trucking Companies serving to/from points within the United States,
categorized by services offered. United States Trucking
Companies will be listed under all categories in which they provide specified Trucking Services.
To find companies offering specific Trucking Services in the United States, click on the list of services below.

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

 

Click below to find Trucking Companies in the United States:

Trucking Companies serving to/from points within the United States,
categorized by services offered. United States Trucking
Companies will be listed under all categories in which they provide specified Trucking Services.
To find companies offering specific Trucking Services in the United States, click on the list of services below.

Life of a Truck driver, like many other professionals can be very challenging, rewarding, and frustrating at the same time. �The com� is an information site for many of the Truckers needs. It is designed to encompass the needs of the Trucker, both on the Road and at Home.

List of Trucking Companies for Owner/Operators and Company Drivers

 

 

"

Turner Truck and Haul has been in business since the mid 1980s. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the heady times from 2002 to 2007, Turner was a top rated accounts receivable mastermind of 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. Times were great for everyone, and the cash was flowing.But a short year later, in the fall of 2008, when the United States economy took a nosedive and businesses both small and large began to feel the pinch on their pocketbooks, those that used to make their demands had suddenly and largely gone silent. Business slowed to a crawl

 

. And worse yet, Turner 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 Turner, Harold Alvarez, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. There was a growing list of clients who now owed them back debt.He had gone to his administrators and asked them what the problem had been. 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 Turner hadn't gone elsewhere. The had just gone!.This current state-of-affairs was causing Harold Alvarez to have some very restless nights. Harold was very concerned, because there were constant overheads, goods to ship, employees to pay, and trucks which needed to be maintained, but there just wasn't the money coming back into the business. In the evenings he would discuss his concerns with his wife, Marie, and still find no relief from the worry and frustration.

 

""Lin, I have a really bad feeling,"" he would say with deep woe.""Well, what do you think it is?"" she would say.Harold 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. Why couldn�t he work out how to resolve this financial problem with his business?""I think I know what it could be,"" Harold said. ""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."" Linda could only grab her husband's hand and look at him lovingly, ""it is a hard economy. It might be awhile until things get settled up.

 

""Harold knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds.The next day Harold strolled into his office and was determined to sit down and make every phone call to every client who had owed Turner money. This wasn't really a very efficient way for a Chief Executive to spend his day, and Harold 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. But, he felt like he was doing something proactive to help his business, even though he had staff on salary to do just that thing. Wasting money, wasting time - even with the best of intentions, Harold knew that he was in trouble.

 

Poor Harold spent the whole morning trying in vain to contact his debtors: they promised to call back, dodged his calls, or made small interest-only payments. He was beginning to feel quite despaired when his secretary knocked on his door.

 

""Harold, can I have a word?"" she queried, standing in the doorway.

 

""Sure thing Tina, come on in."" Harold relaxed back into his chair and looked up at Tinaerley.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Harold."" She pulled a small stack of papers from a folder and set them on the desk before 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.""Immediately?"" Harold interrupted.""Yes, immediately,"" she continued, ""it is actually very simple. We start by having a professional account manager review our figures and help us set up a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It�s a broad view.""I see,� Harold said. �And then what?""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. There�s a lot of flexibility depending on the business volume and credit histories. This company tells us what the cost will be to purchase factoring for our accounts receivable. The funding commences once we�ve arrived at an agreement.�Harold was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Tina,"" he said.""Yes, I know; that's exactly what I thought at the beginning. But really, they have guaranteed us experts that do all the legwork, which would free us up here to focus on our clients in good standing and marketing, all that good stuff. They appear to be very flexible, Harold,"" she underlined a paragraph on the paper before him.""How flexible?"" he asked.""It seems that they personalize their factoring charges so that the amount they're prepared to work with is commensurate with our client's debt and our needs. Apparently they can figure this all out in two to four days.

 

""It does all sound pretty good, remembering that we are all tapped out now with loans from the bank last year to repair vehicles, and we all know just how tight money is. 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 Harold.Harold took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Exactly�. I think this might just be a way out of the trouble we are in with these folks who owe us money.""Harold took a moment to think about this solution, and agreed with his secretary. The clients who owed them money were long standing friends and professional resources of Turner. They did not want to throw away these relationships because they were having trouble paying their bills now. He was well aware that the economy was in a bad way and that it might be quite a while before things started picking up. 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. He did not want to lose business but he also did not want to lose any more money.""Let me go over this tonight Tina, and thankyou."" Tina nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Harold keep the shirt on his back, and possibly hers too.Harold sat behind his desk and looked over the details Tina had not mentioned in their meeting. He wondered if there might be other problems freight factoring could help Turner Truck & Haul 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. Harold was surprised: it said that his company could get up to fifty percent cash advances on load pickups. Harold was a typical business man: he despised binding contracts that did not allow room to breathe, so he was pleasantly surprised to see that the factoring company did not require a long term contract, that there was no minimum volume required, and that there were no sign-up fees.""I must tell Jerome the good news,"" Harold muttered to himself.Harold's son-in-law, Jerome, loved the idea behind Turner 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 Harold knew the struggles Jerome would face, but he still encouraged him to follow his dream. With the faltering economy, if a big fish like Turner was hurting, a little guy like Jerome was about to catch his death. Perhaps the antidote to these problems was in freight factoring, and they were about to find out.A few months later after going through the entire application process and having the experts review his accounts receivable, credit history and statements, Harold found himself beginning to dig his way out of the hole his delinquent account holders had created for him.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They took that time and refocused effort to offering competitive prices in new territories. Harold recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. If Harold hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

"

Scottsdale is a city in the eastern part of Maricopa County, Arizona, adjacent to the Greater Phoenix Area. According to the U.S. Census Bureau, as of 2010 the population of the city was 217,385. The 2013 population is estimated to be of about 226,918 people living within the city, The New York Times described downtown Scottsdale as ""a desert version of Miami's South Beach"" and as having ""plenty of late night partying and a buzzing hotel scene"". Its slogan is ""The West's Most Western Town"".Scottsdale, 31 miles long and 11.4 miles wide at its widest point, shares boundaries with many other municipalities and entities. On the west, Scottsdale is bordered by Phoenix, Paradise Valley, and unincorporated Maricopa County land. Carefree is also located along the eastern boundary, as well as sharing Scottsdale's northern boundary with the Tonto National Forest. To the south Scottsdale is bordered by Tempe. The southern boundary is also occupied by the Salt River Pima-Maricopa Indian Community, which also extends along the Eastern boundary, which also borders Fountain Hills, the McDowell Mountain Regional Park and more unincorporated Maricopa County land. The tourism industry is Scottsdale's primary employer, accounting for 39% of the city's workforce. In 2005, Scottsdale attracted over 7.5 million visitors to the city, providing an economic impact of over $3.1 billion. The city of Scottsdale by itself is home to more than 70 resorts and hotels, boasting over 15,000 hotel rooms. This large hospitality market primarily caters to a higher-end, white-collar demographic.The city of Scottsdale is third, after New York City and Las Vegas respectively, as having the most AAA Five-Diamond hotels and resorts in the United States.[] In 2008, AAA bestowed five such properties in Scottsdale with the highest honor: The Phoenician, The Canyon Suites, Scottsdale Camelback Inn, Four Seasons Resort Scottsdale at Troon North, and the Fairmont Princess Resort and Spa.Scottsdale boasts the highest number of destination spas per capita of any city in the United States.The region's year-round warm weather and abundant sunshine is a major factor in Scottsdale's tourism appeal. In particular, during the winter, thousands of wealthy tourists from the midwest, the northeast, and as far away as Canada, flood the area with long-term visits (known locally as ""snowbirds""). These tourists, who often practice the same migration routine annually, often end up purchasing second homes in the area.Over the past several years however, Scottsdale's growing abundance of trendy, high-end nightlife, cale restaurants, art galleries and luxury shopping, has made it a highly popular travel destination for the younger, white-collar, more style-conscious, travel set.The famed Mayo Clinic has one of its three major branches in Scottsdale. This and its resulting effects have made Scottsdale a strong destination nationally for medical care.The aviation industry has also grown in Scottsdale, with the construction of Scottsdale Airport in North Scottsdale, in the 1960s. Today, it is one the busiest single-runway airports in the United States in terms of aircraft operations. Though there is little to no commercial air service, nearly all operations are corporate or general aviation.The immediate area surrounding the Scottsdale Airport, known locally as the Airpark, has developed rapidly as a regional center of commerce. By 2004, the Airpark had grown to become the second-largest employment center in the Phoenix Metropolitan Area, with over 50,000 people being employed within a few-mile radius of the airport itself � notably in financial, retail, service, technological, design and manufacturing fields. The Airpark houses more nearly 2,500 individual businesses, with a combined economic impact of over $3 billion annually, and growing.The largest employment center in the Phoenix Metropolitan Area is the combined central areas of Midtown and Downtown Phoenix, with an estimated 65,000 employees. Considering the many large, yet-to-be-developed parcels and opportunities for growth in and around the still highly desired Airpark area in North Scottsdale, it is expected to overtake the central Phoenix markets in the near future, becoming the single largest center of employment in the Phoenix Metropolitan Area.Among the companies headquartered in Scottsdale

 

"

 

More Trucking Factoring Companies Story Articles

The Future of a Trucking Company, and Factoring The phone was ringing on his desk, and Zachary Bradley just sat there letting it ring. He let his morning coffee cool and left his cigarette to ash itself in the tray, because he is trying to make the biggest decision ever for his trucking company. Bradley 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.

 

More than forty years ago Zachary's father had started this business working as an owner-operator and eventually growing Bradley Trucking Company into a fifteen trailer fleet. Yes, they had survived some very difficult times when it appeared like they might go under, and even Zachary's mother had jumped into the cab at times 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. Now the company was solely in Zachary�s hands and he wanted to live to see it in better shape for his sons.

 

To move Bradley Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. He had employees to pay. They all have families and the usual household bills. 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. Every time he had to turn down a request, Bradley Trucking looked weak in a very strong market.

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Zachary chuckled, thinking about his father. He remembered when his father was totally against installing GPS units in the cabs. He would say, �Why do you need the voice of some woman to tell you to get off at an exit that has been the same exit that has been there for years?� Also his father had the habit of teasing all the drivers he caught switching into automatic even though driving in automatic was much more efficient though not manly in his father�s eyes. He knew his father's days were long gone and new technology was very important for the business, like having Qualcomm to reduce communication time for bills of lading.

 

Zachary knew he was right in his forward thinking. What would be the next step for Bradley Trucking? More importantly, how could he afford it? Funding was all tied up in the mortgage for the office and garage and in the fuel bills. He just finished paying off the small bank loan for installing satellite radio in the trucks for the guys.

 

But was factoring the answer? If he was being honest, he did not really understand how it all worked. 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. The factoring company gives the trucking business its payment right away which allows the business to have continuous cash flow so it can pay employees, buy fuel, and make repairs for upcoming hauls. Without this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Zachary had to really consider what his next step was going to be. Zachary had heard that there were companies that charged for same day money transfers and would only advance a percentage of the money owed to your company while holding the rest in a private account if they didn�t get their bill payment within 60 or so 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! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His colleague, Ronnie, who owned a trucking company in Missouri, was nearly destroyed by a factoring company who charged him the full freight bill on top of the fees for factoring. He knew he would have to be very careful if he was to avoid any of these shady companies?

 

But it turned out to be quite easy. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. 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. He liked the idea of a long term commitment so he knew he wouldn�t have to bother going back and forth to different companies and wasting time filing more forms. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. Many companies offered a non-recourse factoring program that suited him just fine. He was more than happy with the figures he was offered in percentage terms on the freight bills. It was good money.

 

It was really refreshing dealing with the factoring people. They were extremely helpful and more personable than the bank staff. It seemed as though those bank people spoke another language, but these factoring guys knew the trucking business and spoke to him like a client, not like a beggar 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. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Zachary because he and his father had created a very strong and loyal list of clientele over the years. So he knew they would understand when the factoring company contacted them for the invoices. His clients wouldn�t think poorly of Bradley 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.

 

Zachary stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. With the capabilities of this new cash flow, Zachary could actually expand Bradley Trucking Company further across the country and perhaps even go international into Canada. 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

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�So It is not a loan?� asked Enrique Owens, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she said.Enrique was the owner of a small trucking company which had fallen on some hard times recently. Trucking could be a profitable business, and for a little under a decade, it had been for Zachary. His company was called Miles Trucking, named after both of his grandfathers, Karl and Everett. Both of these men had been very hardworking and had set a great example for Zachary.Six months ago disaster struck Zachary's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. Enrique depended on his full fleet, and missing two trucks was devastating . Furthermore, buying a whole new truck and fixing the other simply took more cash than Enrique had on hand.A big problem a lot of trucking companies came across was how bills were paid in the industry. You could go a month or more before bills were completely paid off. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Enrique wasn�t a bad owner, and he hadn�t messed up. 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. Her name was Bonnie and she worked for a factoring company. Enrique 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.She sat there now, and explained. �it is really not a loan at all: we actually buy your accounts receivable. we are not giving you finance to be repaid later: we are purchasing something from you, and when you can you can buy it back. That way we�re protected from a complete loss, but you�re protected from the outrageous fees you would find in a loan from the bank.Enrique agreed. It sounded perfect - perhaps too good?.The woman laughed. �You look like you don�t believe me,� she chuckled.�No, I do, I just think it sounds a bit too good to be true. I thought I was going to lose my company.�Bonnie smiled, agreeing. �We get that a lot. 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 why we do what we do.""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 Bonnie with a smile. �Let�s see what we can do to help you.�And with that they set about making a profile.

 

Enrique completed the form, with Bonnie offering advice as needed.

 

The profile filled Bonnie and her company in on Zachary�s company, and would help them determine if he was suitable for factoring. Unfortunately, not all companies are. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. Listening as Enrique filled out his form, Bonnie was pretty sure he was a perfect candidate for factoring.When the form was done Bonnie took it and slid it into her briefcase. She then stood, reached across the desk and shook Zachary�s hand. He stood before they shook as well, and then smiled. They said their goodbyes and Enrique walked her to the door, and then returned to his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He leaned back and closed his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. Talking to Bonnie though, learning about factoring, it felt like a weight had been lifted from his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.All those long, sleepless nights. The sudden panic attacks, not matter where he was. Already he could feel all the stress start to drain away. He knew it wasn't over yet and that there was still a way to go, but he could just feel everything start to change for him. 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.Enrique 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 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 long and hard, and then he decided to sell the restaurant. He took six months off, and during that time he decided to create Miles Trucking. So he did it. Once again he built a company from the ground up. He had been successful.And then the trucks went down, and his success looked to be in flux. He was nearing fifty. He was concerned that he just did not have the energy left to try and save the business. But he couldn�t give up. 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. Zachary's eyes opened, he sat forward in his chair and turned on his computer. He had things to do. He could be thankful later, for now, it was time to work.

 

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More Trucking Factoring Company Story Articles

Precisely why Truck Firms Use Factoring Companies.

 

As the operator of your own establishment, you may be more than mindful already of the difficulty in making sure that cash flow concerns do not become a difficulty down the line. Anyway, the most awful thing that can potentially come about for your establishment is to find yourself swept up in a long and tough circumstance that leaves you forever searching for the finances you need on an continuous basis.

 

For pretty much any enterprise in this position, the issue can come for waiting for work to lapse and actually be paid into your bank account. Statements, checks, and the like can take a long time to actually to be taken care of which can easily leave you with temporary capital problems. Thankfully, there are approaches out there for companies to explore-- and one of these is factoring providers.

 

Factoring providers will, in trade for your invoices, give you with the cash right now in order that you do not have to stress over the lingering time frame that could make paying the expenses and acquiring toolsmore difficult. With this kind of system, invoice factoring can become extraordinarily useful for countless enterprises who ought to avoid a cash ploy which they have discovered themselves in.

 

For the reason that, relying on the scale of the task, it can take up to 60 days for several firms to get paid out then it is necessary to blanket your own back and certainly not leave yourself money short to pay the costs. After all, how many companies possess two months revenue just lying there to cover all their overheads till they make money?

 

This is most especially correct of truck companies. They usually manage good deals of accounts which means a notable quantity of collection period demands business owner themselves. Making an effort to get compensated promptly can turn into an amazing difficulty and this is the reason why you make use of trucking factoring agencies who are delighted to help out truckers mainly.

 

As all of us determine, trucking is an astonishingly large market with many companies out there hiring hundreds of vehicle drivers. Regrettably, quite a few of these drivers land up in finances troubles since they are still waiting on work from six weeks in the past to actually pay them. When this is the circumstance for a truck agency, consulting factoring companies for aid might be the very best choice left.

 

This implies that a trucking corporation can provide the paychecks of the workers, keep all the cars refilled with gas and continue to scale, thrive and expand without always waiting for the cash which is taking too prolonged to come in. Trucking Establishments running without a factoring program established are leaving themselves at significant danger, as contenders cash out promptly and proceed to develop.

 

There's genuinely not a thing to be distressed about when it comes to employing a Factoring business-- they typically are not like a financial institution or a person who is going to leave you with a significant pile of financial debt to repay. You give them genuine invoices from output you have already completed , you are only just accelerating the repayment system.

 

In the United States, where trucking agencies thrive, factoring enterprises are not considered accepting loan of in any capacity. This confidential contract then permits both parties to benefit and delight in a worry-free future-- it provides the factoring business a secured resource of revenue to put into the list and it gives the trucking company the needed funds that they worked hard to generate.

 

The trucking establishment provides their accounts to the factoring enterprise. The trucking factoring business then acquire the payments from the trucking company's clients. Factoring has been in existence for hundreds of years and has been used for long times by numerous varied business sectors-- but none much more so than truckers. While you might miss out on a small part of the money, something like 1-3 % depending on who you partner with, it indicates that you are acquiring the money today and can actually start off putting the cash to work.

 

Once and for all, an IOU or an invoice is not actually going to finance overheads, is it? For trucking agencies when the income can be really good one day and gone the next, it is up to the vehicle drivers to work smartly and to make certain they are leaving themselves with a considerable volume of time and money to get through the week till they are compensated again.

 

So the next moment your trucking establishment is enduring some momentary cash flow concerns and you are investing way too much time chasing slow paying customers, why not start looking at making use of a factoring businesses as a way to get your money and give yourself a more pleasant future in the eyes of your trucking workers and your bank dividend?

 

 

 

 

 

 

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Traditional Bank Loans

 

Bank loans are an extremely traditional way for a business to get financing. While these loans are handy they are not available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. Plus, the amount you apply for through the bank is the actual amount that you are going to receive. 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 offer loans, and you do not go into debt when you get money from a Trucking Factoring company. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. The Trucking Factoring company purchases your accounts receivable, or part of them, for a certain percentage of their value - this is normally about 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 you have set up Trucking Factoring account it continues as long as you wish it too and the amount of money available to you even can grow as your business grows, giving you the ready cash you need to meet your own obligations.

 

What Are The Benefits Of A Trucking Factoring Company Versus A Traditional Bank Loan?

 

Not every business can benefit from Trucking Factoring account financing because you have to have a business with accounts receivable, however there are many benefits for those who can access this type of finance.

 

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. This has many benefits including the fact, that this type of financing will not affect either your business credit rating or your personal credit rating. 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. 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. You'll receive the money faster. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. 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 main benefit is that once you've sold your accounts receivable to the Trucking Factoring company, you are free from having to collect money owed by your customers. The Trucking Factoring company takes over that chore, since it is now their money to collect. 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


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Denver


Washington DC


Nashville-Davidson


Baltimore


Louisville/Jefferson


Portland


Oklahoma City


Milwaukee


Las Vegas


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Tucson


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Long Beach


Kansas City


Mesa


Virginia Beach


Atlanta

 

Colorado Springs


Raleigh


Omaha


Miami


Oakland


Tulsa


Minneapolis


Cleveland


Wichita


Arlington

 

New Orleans

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Tampa

Honolulu

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Anchorage

Stockton

Cincinnati

St. Paul

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Newark

Greensboro

Plano

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Lincoln

Buffalo

Fort Wayne

Jersey

Chula Vista

Orlando

St. Petersburg

Norfolk

Chandler

Laredo

Madison

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Garland

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Irvine

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Irving

Scottsdale

North Las Vegas

Fremont

Gilbert town

San Bernardino

Boise

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Rochester

Richmond

Spokane

Des Moines

 

 

 

 

 

Philadelphia

 

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