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Cash Flow Satisfaction- or Else! - Our Truck Factoring Companies Can Give
Your Trucking Company The Money You Need

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Invoice Factoring is beneficial for several factors. It enables a truck company to raise money without obtaining brand-new financial obligation. While financial obligation is in some cases needed, a lot of truck companies would choose to raise money without obtaining cash. Debt is dangerous, and when it can not be repaid, possessions can be repossessed. If the debt is big enough, it might even require a freight brokerage out of business.

 

 

 

 

 

 

 

How To Get More Cash - Pick A Freight�Invoice Factoring Company  Instead Of A Traditional Bank Funding

How to Increase Cash Flow Without Loaning -Cash Money flow is one of the main reasons companies fail.

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

Money flow does not have to be a problem any ever more. Do not be fooled -- banks are not the only places you can get financing. Other options are available and you do not have to borrow. Exactly what is truck factoring ? One option is called trucking factoring. Trucking Factoring is the process of offering invoices to an investor rather than waiting to collect the cash from the client. Oh, the Irony- Trucking factoring has a paradoxical distinction: It is the monetary backbone of many of America's most effective companies. Why is this ironic ? Since accounts receivable factoring is not taught in business colleges, is rarely mentioned in business plans and is relatively unidentified to bulk of most of American business people.

Yet it is a monetary process that frees billions of dollars every year, allowing thousands of companies to grow and succeed. Trucking Factoring has been around for thousands of years. Invoice Factoring Companies are financiers who pay cash for the right to receive the future payments on your invoices. An unpaid receivable or invoice has value. It is a debt your client has agreed pay in the near future. Factoring Principals--Although factoring deals exclusively with business-to-business transactions, a large portion of the retail company uses a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail transactions. Using the purest definition of the word, these large consumer finance business are really simply large Staffing Factoring Companies of consumer paper. Consider it: You purchase at Sears and charge it to your MasterCard. The shop gets paid practically immediately, although you do not make payment until you are prepared.

For this service, the credit card business charges Sears a fee (typical common normal fees vary from two to four percent of the sale). The Advantages Invoice Factoring 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 provided, a company can factor (sell) its receivables for money at a small discount off the dollar value of the invoice. Payroll, marketing efforts, and working capital are simply a few of the business requirements that can be met with instant  cash.

Staffing Factoring offers the means for a manufacturer to replenish inventory and make even more items to sell: There is no longer a need to wait for earlier sales to be paid. Receivable Loan Financing is not just a cash management device for producers: Practically any kind company can take advantage of Factoring. 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 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 money to meet those obligations. Using trucking factoring companies is a quick and simple procedure. The factor buys the invoice at a price cut, typically a few percentage points less than the stated value of the invoice.

 

 

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The United states Transportation Organization
states that there are about
195,000 work with truck
businesses and
276,000 personal companies trucking
firms certified to
operate in the States that carried,
according to their latest searchings for billions of
products, materials and
basic materials .
There are a number of usual
carriers either going solo or in
teams on our nation
roadways transferring these
important items to our
stores, factories and shipping ports.

And truck factoring
firms aid
many of them and offer their
receivables financing facilities
countrywidecounting
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

 

A global city, Boston is placed among the top 30 most economically powerful cities in the world. Encompassing $363 billion, the Greater Boston metropolitan area has the sixth-largest economy in the country and 12th-largest in the world.Boston's colleges and universities have a significant effect on the regional economy. Boston attracts more than 350,000 college students from around the world, who contribute more than $4.8 billion annually to the city's economy. The area's schools are major employers and attract industries to the city and surrounding region. The city is home to a number of technology companies and is a hub for biotechnology, with the Institute rating Boston as the top life sciences cluster in the country. Boston receives the highest absolute amount of annual funding from the National Institutes of Health of all cities in the United States. The city is also considered highly innovative for a variety of reasons that include the presence of academia, access to venture capital, and the presence of many high-tech companies.Tourism comprises a large part of Boston's economy, with 21.2 million domestic and international visitors spending $8.3 billion in 2011. Because of Boston's status as a state capital and the regional home of federal agencies, law and government are another major component of the city's economy. The city is a major seaport along the United States' East Coast and the oldest continuously operated industrial and fishing port in the Western Hemisphere.Other important industries are financial services, especially mutual funds and insurance. Boston-based Fidelity Investments helped popularize the mutual fund in the 1980s and has made Boston one of the top financial cities in the United States. The city is home to the headquarters of publishing units also employ several hundred people in Boston. The city is home to three major convention centers�the Hynes Convention Center in the Back Bay, and the Seaport World Trade Center and Boston Convention and Exhibition Center on the South Boston waterfront.Several major companies headquartered within Boston or nearby�especially along Route 128,[143] the center of the region's high-tech industry. In 2006 Boston and its metropolitan area ranked as the fourth-largest cybercity in the United States with 191,700 high-tech jobs

 

 

Watch Our Freight Factoring YouTube Videos For More Information

 

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

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.

 

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.

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.

 

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

 

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

 

 

"

Ward Truck & Haul have been operating their 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, Ward was a top rated accounts receivable mastermind of the trucking industry. Very few customers were behind on their bills, and those customers who were late turned in their overdue payments within an acceptable time frame. 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 down. And worse yet, Ward 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 Ward, Benjamin Bailey, 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 something wrong or different when it came to reaching out to delinquent accounts? When checking his bookkeeper's records this was definitely not 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. They could not afford to pay him their debt, but they could afford a lesser service, maybe. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Ward hadn't gone elsewhere. They had just gone home.The situation looked dire to Benjamin Bailey. Benjamin 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, Janice, and still find no relief from the worry and frustration.

 

""Lin, I have a really bad feeling,"" he would say with deep woe.""What could you do differently?"" she would ask.Benjamin 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 somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. What could cause this ultimate death spiral of business?""I think I know what it could be,"" Benjamin said. ""For way too long I've been relying solely on profits received from invoices. I've let too many of our customers go too long without paying on their bills."" 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.

 

""Janice was trying so hard to support her husband in these worrying times, while Benjamin was weighed down with the worry of how he was going to handle this situation he found himself in.The following day Benjamin walked into his office with a spring in his step, determined to call each and every client who owed money to Ward Truck & Haul. This wasn't really a very efficient way for a Chief Executive to spend his day, and Benjamin 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. A waste of time - a waste of money - he had the best intentions, but all the while Benjamin was realising just how much trouble he was in.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 Marionerley knocked at his door.

 

""Can I have a word with you Benjamin?"" she asked standing in the doorway.

 

""Of course Marion, please come in."" Benjamin leaned back in his chair and looked expectantly at Marionerely.""Well Benjamin, this afternoon I did some research, trying to work out how we are going to get out of this mess."" 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 of factoring?"" she asked.""It does sound 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.""Benjamin interrupted ""Immediately?"".""Immediately, yes"" she added, ""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.. Additionally, the factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It�s a broad view.""Benjamin replied cautiously ""I see - and what happens then?""Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. 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. Once we arrive at a mutual agreement, the funding begins.�Benjamin leaned forward and reviewed the paperwork closely.""I do not know, Marion - it just sounds too good to be true"", Benjamin said quietly.""Yes, I know; that's exactly what I thought at the beginning. But think about it, Benjamin: 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. And they're flexible Benjamin,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked Benjamin.""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. ""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. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" Benjamin said.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. I think this might just be a way out of the trouble we are in with these folks who owe us money.""Benjamin thought about this and agreed with Marionerley. The clients who owed them money were long standing friends and professional resources of Ward. They did not want to throw away these relationships because they were having trouble paying their bills now. Benjamin 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, if he handled these debtors incorrectly, could spell disaster for both of them. He did not want to lose business but he also did not want to lose any more money.""Well, let me think about this tonight Marion, thank you."" Marion nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Benjamin keep the shirt on his back, and possibly hers too.Benjamin sat behind his desk and looked over the details Marion had not mentioned in their meeting. He wondered if there might be other problems freight factoring could help Ward 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. In fact, Ward could receive up to fifty-percent cash advances upon load pick-ups. 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.""Well, I'll have to tell Dale about this,"" muttered Benjamin to himself.His son-in-law Dale had liked the idea of Ward so much and revered his father in law for having such business acumen that only two years before, he had gathered the venture capital to begin his own transportation service company. At that time Benjamin knew the struggles Dale would face, but he still encouraged him to follow his dream. With the faltering economy, if a big fish like Ward was hurting, a little guy like Dale was about to catch his death. Perhaps the antidote to these problems was in freight factoring, and they were about to find out.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, Benjamin found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.They adopted reasonable factoring purchase contracts and stopped wasting their own precious time trying to collect debts. They took that time and refocused effort to offering competitive prices in new territories. Benjamin recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. If Benjamin hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

A global city, Boston is placed among the top 30 most economically powerful cities in the world. Encompassing $363 billion, the Greater Boston metropolitan area has the sixth-largest economy in the country and 12th-largest in the world.Boston's colleges and universities have a significant effect on the regional economy. Boston attracts more than 350,000 college students from around the world, who contribute more than $4.8 billion annually to the city's economy. The area's schools are major employers and attract industries to the city and surrounding region. The city is home to a number of technology companies and is a hub for biotechnology, with the Institute rating Boston as the top life sciences cluster in the country. Boston receives the highest absolute amount of annual funding from the National Institutes of Health of all cities in the United States. The city is also considered highly innovative for a variety of reasons that include the presence of academia, access to venture capital, and the presence of many high-tech companies.Tourism comprises a large part of Boston's economy, with 21.2 million domestic and international visitors spending $8.3 billion in 2011. Because of Boston's status as a state capital and the regional home of federal agencies, law and government are another major component of the city's economy. The city is a major seaport along the United States' East Coast and the oldest continuously operated industrial and fishing port in the Western Hemisphere.Other important industries are financial services, especially mutual funds and insurance. Boston-based Fidelity Investments helped popularize the mutual fund in the 1980s and has made Boston one of the top financial cities in the United States. The city is home to the headquarters of publishing units also employ several hundred people in Boston. The city is home to three major convention centers�the Hynes Convention Center in the Back Bay, and the Seaport World Trade Center and Boston Convention and Exhibition Center on the South Boston waterfront.Several major companies headquartered within Boston or nearby�especially along Route 128,[143] the center of the region's high-tech industry. In 2006 Boston and its metropolitan area ranked as the fourth-largest cybercity in the United States with 191,700 high-tech jobs

 

 

More Trucking Factoring Companies Story Articles

The Future of a Trucking Company, and Factoring Oscar Palmer let the phone ring on his desk. His morning coffee cooled and his cigarette smoked away in the tray: Oscar is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Palmer Trucking Company was at a turning point of growth and Oscar had to decide if signing with a factoring company was the right way forward.

 

More than forty years ago Oscar's father had started this business working as an owner-operator and eventually growing Palmer Trucking Company into a fifteen trailer fleet. There had been some hard times when it seemed everything was going to go under and even Oscar�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 Oscar's hands and he needed to ensure that this business would be left in great shape for his sons.

 

There just never seemed to be enough money to go around, and certainly no spare cash, but to move his company successfully into the future he needed a steady and reliable cash flow. He had employees to pay. They had families and household bills too. Some of the refrigerated trailers were in need of repairs and he felt to stay competitive it was also a good idea to invest in specialized haulers to be ready for the constant requests he was getting for loads of new energy and agriculture equipment. Every time he had to turn down a request, Palmer Trucking looked weak in a very strong market.

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Oscar chuckled, thinking about his father. His father had been against placing 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. 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.

 

Oscar believed a successful man is always thinking of his next step. How would he take Palmer 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? If he was being honest, he did not really understand how it all worked. It sounded a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. 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 this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. During those thirty days the trucking company cannot pay its employees and bills with invoices.

 

Now it was time for Oscar 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! 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 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. Well, what was the point of going to a factoring company if there was shady business like that going on?

 

However, it all turned out to be very simple. 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. 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. 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 more personable than those loan managers at the bank. 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 were not interested in his credit nor the financial problems his father had experienced in the past. Factoring was based on the credit of his customers and on their reliability which worked well for Oscar because he and his father had built up good strong relationships over decades with their list of clients. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients wouldn�t think poorly of Palmer 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, Oscar stepped out of his office to advise his secretary to expect to receive the contract very shortly from the factoring company. 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, Oscar could actually expand Palmer 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.

 

 

 

View Our Trucking Factoring Videos For More Information

 

 

 

 

 

 

 

Trucking Factoring  Articles

"

�So It is not a loan?� Zachary Ortiz asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Zachary smiled at him, shaking her head.�No, not exactly,� she stated.Zachary Ortiz owned a small trucking company, and his business had recently fallen on difficult times. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Lawrence. His company was called Medina Trucking, named after both of his grandfathers, Lester and Chester. Both of these men had been very hardworking and had set a great example for Lawrence.Disaster had struck half a year ago, when two trucks in Lawrence�s fifteen truck fleet went down. One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. Zachary depended on his full fleet, and missing two trucks was 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.

 

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.Zachary 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.And that's why he found himself across the desk from this woman. Her name was Valerie and she worked for a factoring company. Zachary 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. 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.Zachary nodded. 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.�Valerie smiled, agreeing. �Yes, we get a lot of that. There's no way we want to see you lose your business. You work hard, you�ve put everything you can into it. Sometimes you need help. That�s what we�re here for.""Well, I'm very grateful that you came to see me today.""No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� Valerie said with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Zachary filled the form out, with Valerie available to help him if he needed it. The profile filled Valerie and her company in on Lawrence�s company, and would help them determine if he was suitable for factoring. Unfortunately, not all companies are. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. Listening as Zachary filled out his form, Valerie was pretty sure he was a perfect candidate for factoring.Valerie took the completed form and placed it in her briefcase. Standing up, she reached over the desk and shook Lawrence's hand. He stood before they shook as well, and then smiled. Zachary walked Valerie to the door where they said 'Goodbye', then he went back into 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 felt so drained: he had been flailing helplessly for so long, he just knew his business was going to collapse and probably take him with it. But now, after speaking to Valerie 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 sudden panic attacks, not matter 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.His mind wandered back to the very beginning, when he first started his business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been successful. Home cooking in his hometown, and he had done very well.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 Medina Trucking. And that's exactly what he did. For the second time in his short life he created 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 about to turn 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 did not want to quit - both for himself and for his staff members.And now it seemed as though he would not have to - all because of Factoring. Zachary 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

The key reasons why Trucking Agencies Use Factoring Firms.

 

As the owner of your own company, you may be much more than mindful already of the hardship in making sure that capital matters do not become a problem down the line. After all, the most terrible thing that can potentially transpire for your company is to find yourself involved in a long and challenging circumstance that leaves you forever searching for the money you are in need of on an continuing manner.

 

For any sort of business in this predicament, the issue can come for waiting for work to clear up and actually be compensated into your account. Bill of sales, checks, and the like could take a long time to actually to be taken care of which may leave you with momentary capital issues. Luckily, there are alternatives out there for businesses to delve into-- and just one of these is factoring providers.

 

Factoring firms will, in trade for your invoices, supply you with the money immediately to ensure you do not need to fret about the waiting period that could make paying off the bills and obtaining materialsmore difficult. With this type of system, invoice factoring can become exceptionally useful for lots of companies who need to avoid a cash pitfall which they have found themselves in.

 

Considering that, depending on the size of the job, it can take up to 60 days for some businesses to get paid then it is necessary to blanket your own back and certainly not leave yourself resources short to settle the bills. After all, how many enterprises possess two months profits just lying there to handle all their overheads till they earn?

 

This is particularly true of truck agencies. They have the tendency to manage tons of accounts which means a considerable quantity of collection period concerns business owner themselves. Making an effort to get compensated in time can turn into an unbelievable headache and this is precisely why you employ trucking factoring providers who are glad to help out truckers exclusively.

 

As we all recognize, trucking is an unbelievably huge business with plenty of firms out there hiring hundreds of drivers. Regretfully, plenty of these drivers land up in finances predicaments for the reason that they are still anticipating work from six weeks previously to actually compensate them. When this is the situation for a trucking company, consulting factoring companies for help could be the most ideal choice left.

 

This signifies that a trucking corporation can pay out the salaries of the work force, keep all the cars loaded with gas and continue to surmount, rise and expand without continually waiting for the cash which is taking too long to come in. Trucking Business enterprises working without a factoring program applied are leaving themselves at significant hazard, as contenders cash out rapidly and go on to develop.

 

There's absolutely not a thing to be troubled about when it comes to employing a Factoring establishment-- they typically are not like a bank or an individual who is going to leave you with a large heap of financial debt to pay back. You give them authentic invoices from job you have already wrapped up , you are simply expediting the payment process.

 

In the United States, where trucking enterprises prosper, factoring firms are not considered borrowing in any capacity. This private contract then lets both parties to make money and take pleasure in a convenient future-- it gives the factoring company a secured resource of cash flow to add to the list and it provides the trucking company the required money that they worked hard to gain.

 

The trucking company gives their accounts to the factoring agency. The trucking factoring agency then obtain the payments from the trucking company's customers. Factoring has beenaround for centuries and has been employed for several years by a lot of varying sectors-- but none much more so than truckers. While you could miss out on a small part of the money, something like 1-3 % depending upon who you deal with, it implies that you are obtaining the cash today and can actually start putting the money to do work.

 

Anyway, an IOU or an invoice is not going to finance bills, is it? For trucking companies when the money can be very good one day and gone the next, it is up to the drivers to work sensibly and to guarantee they are leaving themselves with a significant amount of time and money to get through the week until they are paid for again.

 

So the next occasion your trucking establishment is enduring some temporary cash flow problems and you are shelling out excessive time chasing inactive paying clienteles, why not begin thinking of employing a factoring businesses as a method to get your finances and give yourself a more comfortable future in the eyes of your trucking workers and your bank balance?

 

 

 

 

 

 

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Bank Loans

 

Bank loans are an extremely traditional way for a business to get financing. These loans can be a life-saver, but they're not always 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. 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 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. 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 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.

 

Benefits of a Trucking Factoring Company Vs. A 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. 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. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.

 

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. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. 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. Borrowing from a bank begins with vast amounts of paperwork, the loan must be underwritten, and this can take ages before you're notified if the loan has been approved.

 

4.You receive interest up-front. With a bank loan interest continues to build, and this has to be paid the whole time you have a business loan; however with a Trucking Factoring company there is no interest - they take it right off the top by deducting it from the total amount of receivable accounts. So you do not have to worry about monthly loan repayments, and you do not have to worry about the amount of interest payable, because all the money in the account is yours to spend.

 

As you can see, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a 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. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very efficient at debt collecting, and this frees up your valuable time to devote to running your company.

 

Another bonus is that, because the Trucking Factoring company has evaluated the quality of your customers' credit before buying the accounts receivable, you learn valuable information regarding your customers, like which ones are likely to pay, and which ones are less likely to pay.A Trucking Factoring company is not the only method of gaining access to finance for the running and growing of your business, however it does offer a financing option well worth considering.

 

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