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The Secrets of Making People Like You Get - Our Freight Invoice Factoring Company Can Provide Your Trucking Company The Money You Want


at medicalaccountsreceivable.org

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factoring trucking business freight factoring companies for brokers freight factoring rates freight bill factoring companies

 

Small truck businesses, especially those who have not been in existence for really long, will commonly discover it difficult to secure a loan. Banks are frequently hesitant to lend cash to businesses that do not have a lot of earnings and properties. They likewise want evidence of the practicality of a business and therefore require that the majority of operations, especially small ones, been around for a specific quantity of time before they want to turn over any money. Due to the fact that of this, a small company frequently has few cash creating alternatives when requires emerge. One alternative available, but frequently overlooked, is invoice factoring. This is an exceptional method for a small company to obtain money.

 

How To Burn Off Receivables, Hour-by-Hour - Pick A Freight�Invoice Factoring Company  Instead Of A Typical Bank Financing

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

At one time or another, every company, even successful ones, have experienced poor money flow.

Money flow does not have to be an issue any more. Do not be deceived -- banks are not the only locations you can get funding. Other solutions are offered and you do not have to borrow. What is trucking factoring ? One option is called trucking factoring. Truck Factoring is the process of offering invoices to an investor instead of waiting to collect the money from the customer. Oh, the Irony- Trucking factoring has a paradoxical distinction: It is the financial backbone of many of America's most successful companies. Why is this ironic ? Since trucking factoring is not instructed in business colleges, is rarely discussed in company strategies and is relatively unknown to the majority of most of American company people.

Yet it is a monetary process that releases up billions of dollars every year, allowing thousands of businesses to grow and succeed. Receivable Loan Financing has actually been around for countless years. Receivable Loan Financing Companies are financiers who pay money for the right to get the future payments on your invoices. An overdue receivable or invoice has value. It is a debt your client has actually agreed pay in the near future. Factoring Principals--Although factoring deals solely with business-to-business deals, a big percentage of the retail business uses a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail deals. Using the purest meaning of the word, these big customer finance business are really simply big FACTORING Companies of customer paper. Consider it: You purchase at Sears and charge it to your MasterCard. The store gets paid almost immediately, although you do not pay until you are ready.

For this service, the credit card company charges Sears a fee (typical common normal charges range from two to four percent of the sale). The Benefits Trucking Factoring can provide many benefits to cash-hungry companies. Instead of waiting 30, 60, 90 days or longer for payment on a product that has actually currently been provided, a company 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 simply a few of the business requirements that can be satisfied with instant  money.

Commercial Factoring offers the means for a producer to renew stock and make even more products 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: Practically any type business can take advantage of Receivable Funding. Typically, a company that extends credit will have 10 to 20 percent of its annual sales tied up in invoices at any given time. Think for a minute about exactly how much is tied up in 60 days' worth of invoices: You can not pay the power bill or this week s payroll with a customer s invoice, but you can sell that invoice for the cash to meet those obligations. Using truck factoring companies is a fast and easy procedure. The factor buys the invoice at a discount, typically a few percentage points less than the face value of the invoice.

 

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The U.s. Transportation Organization specifies that there are about 200,000  employees with freight trucking companies and 250,000 personal providers trucking firms certified to operate in America that  transported, according to their most current data of millions  products, supplies and basic materials . There are several  common providers either going solo or in teams on our country highways transferring these important items to our stores, manufacturingplants and harbors.

Also trucking factoring firms support several of them and offer their receivable loan services countrywide comprising 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

hialeah-invoice-factoring-companies

 

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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:

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.

 

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 JOC Top 50 Trucking Companies list, based on data prepared by SJ Consulting Group in Pittsburgh.

 

United States Trucking Companies

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.

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 JOC Top 50 Trucking Companies list, based on data prepared by SJ Consulting Group in Pittsburgh.

 

EveryTruckJob.com 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 andbenefits offered. Search current driving jobs and fill out the EZ truck driver application customized for cdl trucking jobs

 

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

 

 

 

 

 

Hialeah is a city in Miami-Dade County, Florida, United States. As of the 2010 census, Hialeah has a population of 224,669. Hialeah is the sixth-largest city in the state, and is a major municipality within Greater Miami.Hialeah has the highest percentage of Cuban and Cuban American residents of any city in the United States, at 74% of the population, making them a distinctive and prominent feature of the city's culture.Hialeah also has one of the largest Spanish-speaking communities in the country. In 2000, 92% of residents reported speaking Spanish at home, and the language is an important part of daily life in the city. This has attracted many companies to Hialeah, such as Telemundo, the second largest Spanish-language television network in the United States, which is headquartered in the city.Hialeah is served by the Miami Metrorail at Okeechobee, Hialeah, and Tri-Rail/Metrorail Transfer stations. The Okeechobee and Hialeah stations serve primarily as park-and-ride commuter stations to commuters and residents going into Downtown Miami, and Tri-Rail station to Miami International Airport and north to West Palm BeachThe City of Hialeah is a significant commercial center in Miami-Dade County. The city is host to national retailers such as Starbucks, Target, Best Buy, Kohl's, Walmart, Lowe's, The Home Depot as well as homegrown business such as Navarro and Sedano's.[20]Hialeah is also home to vibrant community of mom and pop stores which actively and successfully compete against national name brand retailers, outfitters, and franchises. In order to remain competitive national businesses have altered their traditional business strategy to meet the demands of the local community. Publix supermarkets opened a Publix Sabor along one of the city's main streets which caters exclusively to Latin American and Hispanic clientele.[21] Moreover, while most of the manufacturing and cloth industry that made Hialeah an industrial city in the 1970s-1980s have disappeared, new electronics and technology businesses have reinvigorated the local economy.[22]Westland Mall provides residents with over 100 stores and several eateries. Macy's, J. C. Penney, and Sears are the main anchor stores located at Westland Mall. Visitors can dine at Fuddruckers, IHOP, Los Ranchos, Chili's, Manchu Wok, McDonald's, and Edy's among other eateries.Telemundo, the second largest Spanish-language TV network in the United States is headquartered at 2290 West 8th Avenue in Hialeah

 

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Daniels 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 boom times from 2002 to 2007 Daniels Truck & Haul was the mastermind of a top-rated accounts receivable in the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. Times were great for everyone, and the cash was flowing.It was just one year later, in 2008, when the economy in the United States took a sharp decline, and both large and small businesses started to notice the squeeze on their pocketbooks: everyone had suddenly gone silent. Business slowed to a crawl

 

. Worse still, it was noticed by Daniels 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. And as spring turmed to summer and summer into the early days of fall, Miguel Johnston, CEO of Daniels felt a chill go down his spine whenever he would look at the weekly A/R reports. There was a growing list of clients who now owed them back debt.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. 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 Daniels money had jumped ship and decided to leave him holding the bag.

 

. They couldn't 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 Daniels hadn't gone elsewhere. The had just gone!.The situation looked dire to Miguel Johnston. Miguel 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, Danielle, and still find no relief from the worry and frustration.

 

""Lin, I have a really bad feeling,"" he'd sadly say to his wife.""Well, what do you think it is?"" she would say.Miguel 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 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,"" said Miguel. ""I've relied too long on the profits I receive from invoices alone. I've let too many of our customers go too long without paying on their bills."" All Danielle could do was hold his hand and look at him tenderly. 'We know it's a difficult economy at the moment - perhaps it will take a while for people to get on top of their bills'.""Danielle was trying so hard to support her husband in these worrying times, while Miguel was weighed down with the worry of how he was going to handle this situation he found himself in.The following day Miguel walked into his office with a spring in his step, determined to call each and every client who owed money to Daniels Truck & Haul. Now, it wasn't the most efficient way to spend a day as a chief executive, what he really needed to be doing was to be overseeing all of the other intricacies of shipment and delivery and reaching out to prospective clients or retraining his sales team to do the same. 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 Miguel 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 Suzanneerley knocked at his door.

 

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

 

""Of course Suzanne, please come in."" Miguel leaned back in his chair and looked expectantly at Suzanneerely.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Miguel."" 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 sounds vaguely familiar. What is it?"" he said.She began, ""Well, it's really very simple. Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Miguel interrupted ""Immediately?"".""Yes, immediately,"" she continued, ""In a nutshell, it's pretty easy. We can have an expert account manager review our numbers and help us complete a company profile. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. Additionally, the factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It�s a broad view.��Miguel replied cautiously ""I see - and what happens then?��Following the completion of their review and once we've been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. There�s a lot of flexibility depending on the business volume and credit histories. The company will advise us the cost to purchase factoring for our company's accounts receivable. We come to an agreement and the funding starts pouring out.�Miguel was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""I don't know, Suzanne - it just sounds too good to be true"", Miguel said quietly.""Yes, I know; that's exactly what I thought at the beginning. But really, they have guaranteed us experts that do all the legwork, which would free us up here to focus on our clients in good standing and marketing, all that good stuff. And they're flexible Miguel,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" he asked.""It seems that they personalize their factoring charges so that the amount they're prepared to work with is commensurate with our client's debt and our needs. Apparently they can figure this all out in two to four days.

 

""""It does all sound pretty good, remembering that we're all tapped out now with loans from the bank last year to repair vehicles, and we all know just how tight money is. It's imperative that we keep the business rolling as usual, and every day we go unpaid we're getting closer and closer to dealing with some serious issues in both the short term and the long term,"" said Miguel.Miguel took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Exactly�. This could very well be the answer to resolving the problems we're having with these clients who still owe us money.""Miguel thought about this and agreed with Suzanneerley. The customers who were in debt to Daniels Truck & Haul were professional resources of the company, but they were also long-standing friends. They didn't want to throw away these relationships because they were having trouble paying their bills now. Miguel 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. If he didn't handle these debtors in the right way, that unknown amount of time could spell disaster for all of them. Of course he didn't want to lose any more money, but he didn't want to lose business either.""Let me go over this tonight Suzanne, and thankyou."" Suzanne stood up and left Miguel's office, with the nice feeling of knowing that she may just have solved a very serious problem.Miguel sat behind his desk and looked over the details Suzanne had not mentioned in their meeting. What other issues could freight factoring help Daniels 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. Miguel was surprised: it said that his company could get up to fifty percent cash advances on load pickups. Miguel was a typical business man: he despised binding contracts that didn't allow room to breathe, so he was pleasantly surprised to see that the factoring company didn't require a long term contract, that there was no minimum volume required, and that there were no sign-up fees.""I must tell Gerald the good news,"" muttered Miguel to himself.Miguel's son-in-law, Gerald, loved the idea behind Daniels and highly respected his father-in-law for having such great business sense, that two years ago he got his capital together and started his own transportation company. At that time Miguel knew the struggles Gerald would face, but he still encouraged him to follow his dream. With the faltering economy, if a big fish like Daniels was hurting, a little guy like Gerald 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, Miguel 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. Miguel recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. If Miguel hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

More Trucking Factoring Companies Story Articles

The Future of a Trucking Company, and Factoring The phone was ringing on his desk, and Douglas Phillips just sat there letting it ring. He let his morning coffee cool and left his cigarette to ash itself in the tray, because he is trying to make the biggest decision ever for his trucking company. Phillips Trucking Company was at a turning point of growth and Douglas had to decide if signing with a factoring company was the right way forward.

 

More than forty years ago Douglas's father had started this business working as an owner-operator and eventually growing Phillips Trucking Company into a fifteen trailer fleet. There had been some hard times when it seemed everything was going to go under and even Douglas�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 Douglas'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 all have families and the usual household bills. 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, Phillips Trucking looked weak in a very strong market.

 

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

 

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

 

He wondered about factoring - was this the answer for him? If he was being honest, he didn't 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.

 

Douglas had to really consider what his next step was going to be. Douglas had heard that there were companies that charged for same day money transfers and would only advance a percentage of the money owed to your company while holding the rest in a private account if they didn�t get their bill payment within 60 or so days. Worse still, if the customer defaulted on payment, the factoring company takes it out of the money supposedly coming to you! He'd even heard about some companies putting you onto a sliding percentage scale regardless of any previously signed contracts for possibly 3% or 7%, and there you are now with 10% coming as a charge to you out of the freight bill. His colleague, Ronnie, who owned a trucking company in Missouri, was nearly destroyed by a factoring company who charged him the full freight bill on top of the fees for factoring. He knew he would have to be very careful if he was to avoid any of these shady companies?

 

However, it all turned out to be very simple. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. 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. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It was good money.

 

For Douglas it was quite a relief to be dealing with the factoring company. 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 Douglas 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 have any problems, nor would they think poorly of Phillips 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, Douglas 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. With the capabilities of this new cash flow, Douglas could actually expand Phillips Trucking Company further across the country and perhaps even go international into Canada. He was a happy man again knowing that he had just made a decision which would guarantee the success of his business and his sons wouldn't be inheriting a financial mess.

 

 

 

 

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Trucking Factoring  Articles

�So, this is not a loan?� Travis Ramos asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Travis smiled at him, shaking her head.�Not quite,� she stated.Travis 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 Willie. He named his business Hall Trucking, named after Rick and Julio, his two grandfathers. They had both been hardworking men, and had done a lot to make Travis the same.Disaster had struck half a year ago, when two trucks in Willie�s fifteen truck fleet went down. One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. Travis depended on his full fleet, and missing two trucks was devastating . In addition, he just didn't 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.Travis wasn�t a bad owner, and he hadn�t messed up. Certain events had occurred that he couldn't 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. Travis knew she was employed by a Factoring company and that her name was Brittany. Travis 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 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're 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.Travis agreed. It sounded perfect - perhaps too good?.Brittany laughed. �You look like you don�t believe me,� she said.�No, I do, I just think it sounds a bit too good to be true. I thought I was going to lose my company.�Brittany 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,� said Brittany with a smile. �Let's work out a solution to your problem.�And with that they set about making a profile.

 

Travis filled the form out, with Brittany available to help him if he needed it. The profile filled Brittany and her company in on Willie�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 Travis filled out his form, Brittany was pretty sure he was a perfect candidate for factoring.When the form was done Brittany took it and slid it into her briefcase. She then stood, reached across the desk and shook Willie�s hand. He stood before they shook as well, and then smiled. They said their goodbyes and Travis walked her to the door, and then returned to his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He shut his eyes. He 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 Brittany and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He relaxed into his chair, running his hand through his thick black hair with its telling streaks of grey.All those long, sleepless nights. The terrifying panic attacks that occurred regardless of where he was. Already he could feel all the stress start to drain away. He knew it wasn't over yet and that there was still a way to go, but he could just feel everything start to change for him. He was there, he was on the right path, and he was working to make things right.Travis couldn�t help but think back to when he had first started the business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been successful. Home cooking in his hometown, and he had done very well.But he had gotten bored. His passion didn�t lie with 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 Hall Trucking. And that's exactly what he did. For the second time in his short life he created a company from the ground up. The business had been an instant success.And then the trucks went down, and his success looked to be in flux. He was nearing fifty. He didn�t think he had it in him, to save this company. But he couldn�t give up. Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically sick some nights. He didn't want to quit - both for himself and for his staff members.And now it seemed as though he wouldn't have to - all because of Factoring. Travis opened his eyes, sat forward, turned his computer on. He had things to do. He could be thankful later, for now, it was time to work.

 

 

 

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The key reasons why Trucking Firms Use Factoring Firms.

 

As the owner of your own company, you may perhaps be more than conscious already of the hardship in making sure that capital concerns do not become a difficulty down the line. After all, the most disappointing thing that can quite possibly transpire for your business is to find yourself embroiled in a long and problematic circumstance that leaves you forever trying to find the finances you are in need of on an on-going manner.

 

For virtually any business enterprise in this instance, the concern can come for waiting for work to clear up and actually be provided into your balance. Statements, checks, and the like can take a long time to actually to beprocessed which may leave you with short-term capital issues. Gratefully, there are alternatives out there for firms to delve into-- and one of these is factoring providers.

 

Factoring agencies will, in substitution for your bill of sales, provide you with the cash now so you don't need to fret about the delaying phase which could make paying off the expenses and getting toolsmore hard. With this type of setup, invoice factoring can become tremendously useful for various establishments who need to get out of a cash ploy which they have gotten themselves in.

 

Because, depending on the size of the project, it can take up to 60 days for several business enterprises to get paid then it's critical to cover your own back and certainly not leave yourself funds short to pay the monthly bills. After all, how many companies possess two months earnings just occupying there to deal with all their overheads till they make money?

 

This is primarily correct of trucking companies. They usually deal with bunches of invoices which means a significant amount of collection period entails company owner themselves. Attempting to get paid in time can turn into an unbelievable headache and this is exactly why you employ truck factoring organizations who are glad to help out truckers exclusively.

 

As we all determine, trucking is an remarkably massive field with a lot of firms out there hiring hundreds of operators. Regrettably, numerous of these drivers wind up in finances issues due to the fact that they are still anticipating work from six weeks in the past to actually compensate them. When this is the scenario for a truck firm, choosing factoring firms for support may be the most effective option left.

 

This indicates that a truck business can pay off the wages of the crew, keep all the cars refilled with gas and continue to scale, thrive and expand without constantly waiting for the funds which is taking too prolonged to come in. Trucking Enterprises working without a factoring system applied are leaving themselves at significant danger, as competitors cash out rapidly and go on to expand.

 

There's honestly almost nothing to be worried about when it comes to employing a Factoring agency-- they aren't like a bank or an individual who is going to leave you with a massive heap of personal debt to pay back. You give them legitimate invoices from output you have already completed , you are only just speeding the repayment process.

 

In the United States, where trucking agencies grow, factoring firms are not considered accepting loan of in any capacity. This private arrangement then allows both parties to benefit and take joy in a worry-free future-- it provides the factoring agency a guaranteed resource of revenue to include in the list and it offers the trucking firm the required funds that they sweated to obtain.

 

The trucking company presents their invoices to the factoring business. The trucking factoring company then obtain the payment amounts from the trucking company's clients. Factoring has been in existence for centuries and has been employed for decades by lots of diverse markets-- but none exceeding so than truckers. While you might miss out on a small part of the money, something like 1-3 % depending on who you team up with, it signifies that you are getting the money today and can actually start setting the money to perform.

 

After all, an IOU or an invoice is absolutely not going to finance spendings, is it? For trucking enterprises when the finances can be really good one day and gone the next, it's up to the vehicle drivers to work sensibly and to make sure that they are leaving themselves with a considerable measure of time and money to get through the week till they are compensated again.

 

So the next time your trucking establishment is enduring some temporary capital concerns and you are investing too much time chasing inactive paying clients, why not begin looking at employing a factoring businesses as a way to get your money and give yourself a more pleasant future in the eyes of your trucking workers and your bank balance?

 

 

 

 

 

 

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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. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it's usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. 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 don't offer loans, and you don't 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 a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. You Won't Incur Debt. You don't 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 won't affect either your business credit rating or your personal credit rating. Should the unforeseeable happen and your business fails, you won't have to worry about anyone coming after your personal as well as your business assets 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. There's 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 makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

3. You'll receive the money faster. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.

 

4.Interest is Paid 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 not only are you relieved of those monthly loan payments, but you also don't have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

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

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.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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Invoice Factoring Companies by City

New York City
Los Angeles
Chicago
Houston
Philadelphia
Phoenix
San Antonio
San Diego
Dallas
San Jose

Austin
Jacksonville
Indianapolis
San Francisco
Columbus
Fort Worth
Charlotte
Detroit
El Paso
Memphis

Boston
Seattle
Denver
Washington DC
Nashville-Davidson
Baltimore
Louisville/Jefferson
Portland
Oklahoma City
Milwaukee

Las Vegas
Albuquerque
Tucson
Fresno
Sacramento
Long Beach
Kansas City
Mesa
Virginia Beach
Atlanta

Colorado Springs
Raleigh
Omaha
Miami
Oakland
Tulsa
Minneapolis
Cleveland
Wichita
Arlington

New Orleans
Bakersfield
Tampa
Honolulu
Anaheim
Aurora
Santa Ana
St. Louis
Riverside
Corpus Christi

Pittsburgh
Lexington Fayette
Anchorage
Stockton
Cincinnati
St. Paul
Toledo
Newark
Greensboro
Plano

Henderson
Lincoln
Buffalo
Fort Wayne
Jersey
Chula Vista
Orlando
St. Petersburg
Norfolk
Chandler

Laredo
Madison
Durham
Lubbock
Winston Salem
Garland
Glendale
Hialeah
Reno
Baton Rouge

Irvine
Chesapeake
Irving
Scottsdale
North Las Vegas
Fremont
Gilbert town
San Bernardino
Boise
Birmingham
Rochester
Richmond
Spokane
Des Moines