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How to Get Cash And Grow Your Company - Our Freight Factoring Companies Can Provide
Your Trucking Company The Money You Want

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Medium-Size freight brokerage companies, specifically those who have actually not been in existence for extremely long, will frequently find it tough to protect a loan. Banks are commonly hesitant to lend cash to businesses that do not have a great deal of income and properties. They also want evidence of the practicality of a business and hence require that many operations, especially small ones, be in company for a particular quantity of time before they are willing to turn over any cash. Because of this, a small business typically has a couple of cash generating options when needs arise. One choice available, but commonly neglected, is receivable Financing. This is an exceptional method for a small company to obtain cash.

 

 

 

 

 

 

 

How You can Get a Quick Loan of $50,000 - Select A Freight Bill�Factoring Company  Instead Of A Regular Bank Funding

How to Enhance Cash Flow Without Borrowing -Cash Money flow is one of the primary reasons companies fail.

At one time or another, every company, even effective ones, have actually 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 solutions are available and you do not have to borrow money. Exactly what is trucking factoring ? One option is called trucking factoring. Truck Factoring is the procedure of offering invoices to a financier instead of waiting to collect 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 paradoxical ? Since accounts receivable factoring is not instructed in business colleges, is rarely mentioned in business plans and is relatively unidentified to bulk of most of American company individuals.

Yet it is a financial procedure that frees billions of dollars every year, allowing thousands of companies to grow and prosper. Commercial Factoring has been around for thousands of years. Invoice Factoring Companies are investors who pay cash for the right to get the future payments on your invoices. An unpaid receivable or invoice has value. It is a financial obligation your client has agreed pay in the near future. Factoring Principals--Although factoring deals solely with business-to-business transactions, a large portion of the retail business utilizes 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 customer finance business are truly simply large Receivable Loan Financing Businesses of customer paper. Consider it: You purchase at Sears and charge it to your MasterCard. The shop gets paid almost immediately, even though you do not make payment until you are ready.

For this service, the charge card company charges Sears a fee (typical common normal charges vary from 2 to four percent of the sale). The Advantages Accounts Receivable Factoring can offer numerous advantages to cash-hungry companies. Rather than wait 30, 60, 90 days or longer for payment on a product that has currently been delivered, a business can factor (sell) its receivables for money at a little price cut off the dollar value of the invoice. Payroll, advertising efforts, and working capital are just a few of the business requirements that can be met with instant  money.

Receivable Loan Funding provides the means for a producer to renew inventory and make even more items to sell: There is no longer a requirement to await for earlier sales to be paid. Receivable Loan Financing is not just a money management tool for manufacturers: Almost any kind business can take advantage of Receivable Loan Financing. Typically, 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 moment about exactly how much is bound in 60 days' worth of invoices: You can not pay the power bill or today s payroll with a customer s invoice, but you can sell that invoice for the money to meet those responsibilities. Using trucking factoring companies is a fast and simple process. The factor buys the invoice at a price cut, usually a few percentage points less than the face value of the invoice.

 

 

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The American Truck Association
mentions that there are about
195,000 workers with freight trucking
companies and
276,000 personal companies trucking
companies accredited to
run in the States that transferred,
according to their latest searchings for billions of
items, materials and
fundamental products .
There are a number of common
carriers either going solo or in
teams on our country
roads transporting these
crucial products to our
shops, factories and harbors.

Moreover truck factoring
companies benefit
numerous of them and offer their
factoring facilities
nationallycounting
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

 

"

Lubbock is a city in and the county seat of Lubbock County, Texas, United States. The city is located in the northwestern part of the state, a region known historically and geographically as the Llano Estacado and ecologically is part of the southern end of the Western High Plains. The city is home to three universities: Lubbock Christian University, Texas Tech University, and Texas Tech University Health Sciences Center. According to a 2013 Census estimate, Lubbock had a population of 239,538, making it the 84th most populous city in the United States of America and the 11th most populous city in the state of Texas. The city is the economic center of the Lubbock metropolitan area, which had an estimated 2013 population of 301,038.Lubbock's nickname is the ""Hub City"", which derives from it being the economic, education, and health care hub of a multicounty region, north of the Permian Basin and south of the Texas Panhandle, commonly called the South Plains. The area is the largest contiguous cotton-growing region in the world and is heavily dependent on irrigation water drawn from the Ogallala Aquifer. Lubbock was selected as the 12th best place to start a small business by CNNMoney.com. CNN mentioned the city's traditional business atmosphere, low rent for commercial space, its central location and cooperative city government. Lubbock High School has been recognized for three consecutive years by as one of the top high schools in the United States. Lubbock High School is home to the only international baccalaureate (IB) program in the region. The IB program is one of the criteria examined by in formulating their list of top high schoolsThe Lubbock area is the largest contiguous cotton-growing region in the world and is heavily dependent on federal government agricultural subsidies and irrigation water drawn from the Ogallala Aquifer. However, the aquifer is being depleted at an unsustainable rate in the long term. Much progress has been made in the area of water conservation, and new technologies, such as low-energy precision application (LEPA) irrigation were originally developed in the Lubbock area. The new pipeline from Lake Alan Henry is expected to supply up to 3.2 billion US gallons (12,000,000 m3) of water per year. Cone grain elevator, north side of LubbockAdolph R. Hanslik, who died in 2007 at the age of 90, was called the ""dean"" of the Lubbock cotton industry, having worked for years to promote the export trade. Hanslik was also the largest contributor (through 2006) to the Texas Tech University Medical Center. He also endowed the Texas Czech Heritage and Cultural Center's capital campaign for construction of a new library museum archives building in La Grange in Fayette County in his native southeastern Texas.The 10 largest employers in terms of the number of employees are: Texas Tech University, Covenant Health System, Lubbock Independent School District, University Medical Center, United Supermarkets, City of Lubbock, Texas Tech University Health Sciences Center, AT&T, Convergys, and Lubbock County. A study conducted by a professor at the Rawls College of Business determined that Texas Tech students, faculty and staff generate about $1.5 billion, with about $297.5 million from student shopping alone.Lubbock has one regional enclosed mall, and many other stores.Lubbock also has numerous open-air shopping centers, most located in the booming southwestern area of Lubbock. The Village and Kingsgate Shopping Centers, both located at the intersection of 82nd Street and Quaker Avenue, offer a unique blend of local and national retailers. . Lubbock is also home to high-end which has been in Lubbock since 1950.Lubbock's newest open-air shopping center, Canyon West,. Two more stages of development are planned. It is located at the intersection of Milwaukee Avenue and Marsha Sharp Freeway.

 

"

 

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

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

 

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

 

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.

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

 

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.

 

 

"

Since the mid 1980s Stewart Truck & Haul have been successfully running their freight business. For more than twenty years they've been delivering goods for most major industries in the nation, with business booming as they traversed the country, in all kinds of weather, for all kinds of clients. During the heady times from 2002 to 2007, Stewart 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. Cash was flowing and times were good for all.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

 

. Worse still, it was noticed by Stewart in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. Spring changed to summer, summer changed to fall, and the CEO of Stewart, Joe Obrien, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The number of clients who were late in their payments was continuing to grow.He had already been to the administrators to ask what the actual problem was. Were they doing things different, or wrong, when it came to collecting overdue accounts? When checking his bookkeeper's records this was definitely not the case. He thought perhaps that he was losing clients to a competitor who offered rock-bottom prices with little to no guarantee of quality performance, and that the folks who owed Stewart money had jumped ship and decided to leave him holding the bag.

 

. They could not afford to pay him their debt, but they could afford a lesser service, maybe. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. They had just gone home.This current state-of-affairs was causing Joe Obrien to have some very restless nights. Joe 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. After work he would confide in his wife, Alice, and neither were unable to stop the constant worry over the lack of funds.""Lin, I have a really bad feeling,"" he would say with deep woe.""What could you do differently?"" she would ask.Joe would stare off into the distance, and then slowly close his eyes. He could see the fleet of trucks he had purchased over the years. He could see them traveling, bringing goods to all of his clients. But then a haze would cover his trucks and his vast fleet would vanish to leave just a few. What on earth was happening to create the death of his business?""I think I know what it could be,"" Joe said. ""For way too long I've been relying solely on profits received from invoices. 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.

 

""Alice was trying so hard to support her husband in these worrying times, while Joe was weighed down with the worry of how he was going to handle this situation he found himself in.The next day Joe strolled into his office and was determined to sit down and make every phone call to every client who had owed Stewart money. This wasn't really a very efficient way for a Chief Executive to spend his day, and Joe 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, Joe knew that he was in trouble.

 

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

 

""Joe, can I have a word?"" she asked standing in the doorway.

 

""Sure thing Jackie, come on in."" Joe leaned back in his chair and looked expectantly at Jackieerely.""Well Joe, 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?"" Jackieerley 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.""Joe interrupted ""Immediately?"".""Immediately, yes"" she added, ""it is actually very simple. We can have an expert account manager review our numbers and help us complete 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,� Joe said. �And then what?""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. We come to an agreement and the funding starts pouring out.�Leaning forward, Joe studied the documents very closely.""It sounds too good to be true, Jackie,"" he said.""Now, now, I know, I thought the same thing. 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. And they're flexible Joe,"" she drew a circle around a paragraph on the document before him.""How flexible?"" asked Joe.""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. It only takes 2 to 4 days for this to be figured out. ""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. it is imperative that we keep the business rolling as usual, and every day we go unpaid we are getting closer and closer to dealing with some serious issues in both the short term and the long term,"" said Joe.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Joe thought about this and agreed with Jackieerley. The clients who owed them money were long standing friends and professional resources of Stewart. Just because they were experiencing difficulties paying their own bills now, Joe was very concerned about losing these relationships. Joe knew only too well that the whole economy was floundering, and that it was not going to change overnight. If he did not handle these debtors in the right way, that unknown amount of time could spell disaster for all of them. Of course he did not want to lose any more money, but he did not want to lose business either.""Well, let me think about this tonight Jackie, thank you."" Jackie nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.Joe sat behind his desk and looked over the details Jackie had not mentioned in their meeting. He wondered if there might be other problems freight factoring could help Stewart Truck & Haul with? Running his pencil down the sheet, he noted that the freight factoring company could assist with fuel costs, fuel advances, and fuel discount cards. In fact, Stewart 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 Russell about this,"" Joe muttered to himself.Joe's son-in-law, Russell, loved the idea behind Stewart 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. Joe knew then what struggles Russell would face but he encouraged him nonetheless. With the economy the way it was, if an established company such as Stewart was struggling then the little guys, like Russell, were going to be in even more trouble.

 

Perhaps the antidote to these problems was in freight factoring, and they were about to find out.A few short months later, after completing the application process, having the legal experts review his credit history, accounts receivable, and statements, finally Joe was beginning to find his way out of the hole his debtors had created for him.They adopted reasonable factoring purchase contracts and stopped wasting their own precious time trying to collect debts. They used that time to refocus their efforts in being competitive in new territories. Joe looked back on the dismal months of life before freight factoring and almost shuddered at the thought. Had he missed the boat on this one, he probably wouldn't be in business today.

 

"

 

"

Lubbock is a city in and the county seat of Lubbock County, Texas, United States. The city is located in the northwestern part of the state, a region known historically and geographically as the Llano Estacado and ecologically is part of the southern end of the Western High Plains. The city is home to three universities: Lubbock Christian University, Texas Tech University, and Texas Tech University Health Sciences Center. According to a 2013 Census estimate, Lubbock had a population of 239,538, making it the 84th most populous city in the United States of America and the 11th most populous city in the state of Texas. The city is the economic center of the Lubbock metropolitan area, which had an estimated 2013 population of 301,038.Lubbock's nickname is the ""Hub City"", which derives from it being the economic, education, and health care hub of a multicounty region, north of the Permian Basin and south of the Texas Panhandle, commonly called the South Plains. The area is the largest contiguous cotton-growing region in the world and is heavily dependent on irrigation water drawn from the Ogallala Aquifer. Lubbock was selected as the 12th best place to start a small business by CNNMoney.com. CNN mentioned the city's traditional business atmosphere, low rent for commercial space, its central location and cooperative city government. Lubbock High School has been recognized for three consecutive years by as one of the top high schools in the United States. Lubbock High School is home to the only international baccalaureate (IB) program in the region. The IB program is one of the criteria examined by in formulating their list of top high schoolsThe Lubbock area is the largest contiguous cotton-growing region in the world and is heavily dependent on federal government agricultural subsidies and irrigation water drawn from the Ogallala Aquifer. However, the aquifer is being depleted at an unsustainable rate in the long term. Much progress has been made in the area of water conservation, and new technologies, such as low-energy precision application (LEPA) irrigation were originally developed in the Lubbock area. The new pipeline from Lake Alan Henry is expected to supply up to 3.2 billion US gallons (12,000,000 m3) of water per year. Cone grain elevator, north side of LubbockAdolph R. Hanslik, who died in 2007 at the age of 90, was called the ""dean"" of the Lubbock cotton industry, having worked for years to promote the export trade. Hanslik was also the largest contributor (through 2006) to the Texas Tech University Medical Center. He also endowed the Texas Czech Heritage and Cultural Center's capital campaign for construction of a new library museum archives building in La Grange in Fayette County in his native southeastern Texas.The 10 largest employers in terms of the number of employees are: Texas Tech University, Covenant Health System, Lubbock Independent School District, University Medical Center, United Supermarkets, City of Lubbock, Texas Tech University Health Sciences Center, AT&T, Convergys, and Lubbock County. A study conducted by a professor at the Rawls College of Business determined that Texas Tech students, faculty and staff generate about $1.5 billion, with about $297.5 million from student shopping alone.Lubbock has one regional enclosed mall, and many other stores.Lubbock also has numerous open-air shopping centers, most located in the booming southwestern area of Lubbock. The Village and Kingsgate Shopping Centers, both located at the intersection of 82nd Street and Quaker Avenue, offer a unique blend of local and national retailers. . Lubbock is also home to high-end which has been in Lubbock since 1950.Lubbock's newest open-air shopping center, Canyon West,. Two more stages of development are planned. It is located at the intersection of Milwaukee Avenue and Marsha Sharp Freeway.

 

"

 

More Trucking Factoring Companies Story Articles

"

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

 

Matthew�s father had started as an owner-operator and had grown Walker Trucking Company into a fifteen trailer fleet over forty years. Yes, they had survived some very difficult times when it appeared like they might go under, and even Matthew'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. But now things were different: the company was in Matthew'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, Walker Trucking looked weak in a very strong market.

 

His father would have told him to wait and to take his time adding on new technology. Matthew chuckled, thinking about his father. His father had been against placing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� 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.

 

Matthew believed a successful man is always thinking of his next step. What would be the next step for Walker Trucking? More importantly, how could he 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.

 

But was factoring the answer? 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. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. In return, the factoring company pays the trucking business straight away, providing immediate cash flow for the business to pay staff, purchase fuel, and do any repairs or maintenance. Without the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Matthew had to really consider what his next step was going to be. 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. 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 didn�t mind signing 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.

 

For Matthew it was quite a relief to be dealing with the factoring company. 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. Factoring was based on the credit of his customers and on their reliability which worked well for Matthew because he and his father had built up good strong relationships over decades with their list of clients. So he knew they would understand when the factoring company contacted them for the invoices. His clients would not have any problems, nor would they think poorly of Walker Trucking, because the factoring companies handle themselves in such a polite and professional manner, similar to the way his father had managed the business in the past.

 

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

 

"

 

 

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Trucking Factoring  Articles

"

�So It is not a loan?� Matthew Richardson asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Matthew smiled at him, shaking her head.�Not quite,� she said.Matthew was the owner of a small trucking company which had fallen on some hard times recently. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Wesley. He named his business Kelly Trucking, named after Curtis and Terrence, his two grandfathers. They had both been hardworking men, and had done a lot to make Matthew the same.Six months ago disaster struck Wesley's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. The financial security of Wesley's company relied on his full fleet on fifteen being on the road, and missing two trucks was just devastating . In addition, he just did not have the available cash to buy a new truck, plus repair the other one.Paying of bills in the trucking industry is always a major cause for concern for businesses.

 

Waiting a month or longer for bills to be paid was quite normal. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Matthew was an excellent business man, and he certainly hadn't done anything wrong. Certain events had occurred that he could not possibly have predicted, and now he had to find a way to protect his business and prevent it from ultimate devastation.That�s where the woman across the desk came in. Matthew knew she was employed by a Factoring company and that her name was Priscilla. Matthew 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.Priscilla explained. �It�s not a loan, we purchase your accounts receivable. We aren�t giving you money to be paid back later, we�re buying something from you, and you can buy it back when you can. This is a win-win situation: we are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Matthew nodded. It sounded good to him, almost too good.Priscilla laughed. �I'm not sure that you believe me,� she said.�Oh no, I do: it just sounds too good to be true. I thought I was going to lose my company.�Priscilla smiled, agreeing. �We get that a lot. 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.""In any case, thank you for coming to see me.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� Priscilla said with a smile. �Let�s see what we can do to help you.�And right there and then they created a business profile. Matthew completed the form, with Priscilla offering advice as needed.

 

The profile filled Priscilla and her company in on Wesley�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. As Matthew completed his form, Priscilla listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Priscilla took it and slid it into her briefcase. Standing up, she reached over the desk and shook Wesley's hand. He stood before they shook as well, and then smiled. Matthew walked Priscilla to the door where they said 'Goodbye', then he went back into his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He 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. But now, after speaking to Priscilla 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.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 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. At twenty-two and straight out of school he had opened a restaurant. 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 about it for a long time, then decided it was time to sell his restaurant. He took half a year off, and in that time he thought to start Kelly Trucking. And that's exactly what he did. Once again he built a company from the ground up. The business had been an instant success.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was nearing fifty. He was concerned that he just did not have the energy left to try and save the business. 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. Matthew opened his eyes, sat forward, turned his computer on. He had lots to do. He could be thankful later, for now, it was time to work.

 

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More Trucking Factoring Company Story Articles

The key reasons why Trucking Establishments Use Factoring Firms.

 

As the owner of your own business enterprise, you may well be more than conscious already of the challenge in making sure that cash flow concerns do not become a problem down the line. After all, the most disappointing thing that can quite possibly take place for your business is to find yourself embroiled in a long and problematic circumstance that leaves you forever trying to find the cash you need to have on an on-going manner.

 

For any firm in this instance, the trouble can come for waiting for work to clear up and actually be provided into your statement. Bill of sales, checks, and the like can take a while to actually to be taken care of which can certainly leave you with temporary capital issues. Gratefully, there are alternatives out there for establishments to explore-- and just one of these is factoring firms.

 

Factoring companies will, in exchange for your accounts, give you with the cash money right away so that you do not have to fret about the lingering time span that could make paying off the bills and getting toolsmore difficult. With this sort of system, invoice factoring can become remarkably helpful for numerous establishments who ought to get out of a cash pitfall which they have gotten themselves in.

 

Due to the fact that, depending upon the scale of the task, it can take up to 60 days for many enterprises to get paid then it is critical to cover up your own back and definitely not leave yourself money short to settle the costs. After all, how many companies have two months revenue just lying there to cover all their bills until they make money?

 

This is most especially true of trucking establishments. They generally manage bunches of accounts which means a huge volume of collection time entails company owner themselves. Seeking to get paid in time can come to be an incredible trouble and this is the key reasons why you work with trucking factoring firms who are delighted to help out truckers exclusively.

 

As we all recognize, trucking is an extremely massive market with many firms out there working with hundreds of operators. Regretfully, many of these drivers wind up in finances troubles for the reason that they are still awaiting work from six weeks back to actually pay them. When this is the circumstance for a truck company, turning to factoring firms for solutions may be the best alternative left.

 

This signifies that a trucking business can pay out the salaries of the staff, keep all the trucks loaded with fuel and continue to scale, develop and expand without always waiting for the cash which is taking too long to come in. Trucking Establishments operating without a factoring system used are leaving themselves at substantial hazard, as competitors cash out rapidly and carry on to grow.

 

There's honestly not much to be stressed about when it comes to making use of a Factoring firm-- they are not like a bank or an individual who is going to leave you with a large stack of financial debt to repay. You give them legitimate invoices from job you have already wrapped up , you are just speeding the payment system.

 

In the United states of America, where truck companies flourish, factoring companies are not considered getting a loan in any capacity. This private contract then allows both parties to benefit and experience a convenient future-- it gives the factoring company a guaranteed resource of money to put into the list and it furnishes the trucking firm the required funds that they sweated to get.

 

The trucking establishment gives their invoices to the factoring agency. The trucking factoring agency then take the payments from the trucking company's customers. Factoring has beenaround for centuries and has been used for decades by lots of diverse fields-- but none much more so than truckers. While you may lose out on a small part of the money, something like 1-3 % depending on who you partner with, it signifies that you are getting the money today and can actually start off putting the funds to work.

 

Anyway, an IOU or an invoice is not actually going to pay for expenses, is it? For trucking agencies when the funds can be really good one day and gone the next, it is up to the vehicle drivers to work prudently and to make sure they are leaving themselves with a notable quantity of time and money to get through the week till they are paid for once more.

 

So the next occasion your trucking establishment is having some temporary cash flow challenges and you are shelling out excessive time chasing sluggish paying clients, why not begin considering utilizing a factoring businesses as a manner to get your finances and give yourself a more pleasant future in the eyes of your trucking staff and your bank difference?

 

 

 

 

 

 

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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. Once the loan is paid off, you can then apply for another loan if the need arises.

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. 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. Should the unforeseeable happen and your business fails, you will not have to worry about anyone coming after your personal as well as your business assets 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 great benefit of using the services of a Trucking Factoring company instead of a bank loan is that there is no collateral required for the Trucking Factoring company, because the Trucking Factoring company is buying your accounts receivables. 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. Once the Trucking Factoring company assures itself that the customers in your accounts receivable are likely to pay their debt, the money is usually in the account within 24 hours. 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.Interest is Paid 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 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 from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The most important benefits is that once you sell your accounts receivable to the factory company, you do not have to take time away from running your business to collect the money owed from reluctant to pay customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

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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