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Do You Do Any Of These Embarrassing Things? - Our Freight Factoring Companies Can Give
Your Trucking Company The Cash You Want

factorinvoices.org

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Medium-Size freight businesses, particularly those who have actually not been in existence for extremely long, will typically find it difficult to protect a loan. Banks are commonly reluctant to lend money to companies that do not have a great deal of earnings and assets. They likewise want evidence of the viability of a company and thus need that most operations, specifically little ones, been around for a particular amount of time before they want to turn over any cash. Because of this, a small company typically has a couple of cash producing options when needs develop. One option available, but often overlooked, is invoice factoring. This is an exceptional method for a small company to get cash.

 

 

 

 

 

 

 

Don't Even Think About Gpoing To The Bank Without Reading This Report - Choose A Freight�Factoring Company  Instead Of A Regular Bank Funding

How to Enhance Cash Flow Without Borrowing -Cash Money flow is among the main reasons businesses fail.

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

Money flow does not have to be a problem any ever more. Do not be fooled -- banks are not the only places you can get funding. Other options are available and you do not have to borrow. Exactly what is trucking factoring ? One solution is called truck factoring. Truck Factoring is the process of offering invoices to an investor instead of waiting to collect the cash from the client. Oh, the Irony- Trucking factoring has a paradoxical distinction: It is the monetary foundation of many of America's most effective businesses. Why is this ironic ? Since factoring is not taught in business colleges, is rarely discussed in business strategies and is relatively unknown to bulk of most of American company people.

Yet it is a financial procedure that frees billions of dollars every year, enabling thousands of companies to grow and prosper. Factoring has been around for countless years. Receivable Funding Businesses are financiers who pay cash for the right to get the future payments on your invoices. An overdue receivable or invoice has value. It is a debt your customer has to pay in the near future. Factoring Principals--Although factoring deals solely with business-to-business transactions, a large portion of the retail business uses a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail transactions. Using the purest meaning of the word, these big customer finance business are truly just big Invoice Factoring Companies of consumer paper. Consider it: You purchase at Sears and charge it to your MasterCard. The store makes money almost instantly, although you do not pay up 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 Benefits Receivable Loan Funding can provide many benefits to cash-hungry companies. Rather than wait 30, 60, 90 days or longer for payment on a product that has already been provided, a company can factor (sell) its receivables for money at a small price cut off the dollar value of the invoice. Payroll, marketing efforts, and working capital are just a few of the company needs that can be met with instant  money.

Factoring offers the ways for a manufacturer to renew inventory and make more products to offer: There is no longer a requirement to wait for earlier sales to be paid. Receivable Loan Financing is not just a money management device for manufacturers: Practically any kind company can take advantage of Receivable Financing. Typically, a company that extends credit will have 10 to 20 percent of its yearly sales tied up in invoices at any given time. Think for a moment about exactly how much is tied up in 60 days' worth of invoices: You can not pay the power expense or today s payroll with a client s invoice, however you can offer that invoice for the cash to satisfy those obligations. Using trucking factoring companies is a fast and simple procedure. The factoring company buys the invoice at a price cut, typically a couple of portion points less than the face value of the invoice.

 

 

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The U.s. Trucking Organization
mentions that there around
195,000 workers with freight trucking
firms and
250,000 personal companies trucking
companies accredited to
run in the U.S. that transported,
according to their newest searchings for billions of
items, materials and
standard products .
There are numerous common
carriers either going solo or in
groups on our country
highways transferring these
crucial products to our
shops, manufacturingplants and shipping ports.

Furthermore trucking factoring
companies support
many of them and offer their
accounts receivablesfinancing services
nationwidecomprising
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

 

Riverside is a city in Riverside County, California, United States, located in the Inland Empire metropolitan area. Riverside is the county seat of the eponymous county and named for its location beside the Santa Ana River. It is the most populous city in the Inland Empire as well as Riverside County, and is located approximately 60 miles (97 km) east of Los Angeles.[] It is also part of the Greater Los Angeles area. Riverside is the 59th most populous city in the United States and 12th most populous city in California. As of the 2010 Census, Riverside had a population of 303,871.Riverside was founded in the early 1870s and is the birthplace of the California citrus industry as well as home of the Mission Inn, the largest Mission Revival Style building in the United States. It is also home to the Riverside National Cemetery.The University of California, Riverside, is located in the northeastern part of the city. The university also hosts the Riverside Sports Complex. Other attractions in Riverside include the Fox Performing Arts Center, Riverside Metropolitan Museum, which houses exhibits and artifacts of local history, the California Museum of Photography, the California Citrus State Historic Park, and the Parent Washington Navel Orange Tree, one of the two original navel orange trees in CaliforniaRiverside. 1 City (1990 pop. 226,505), seat of Riverside co., S Calif.; inc. 1883. One of the fastest growing U.S. cities in the late 20th cent., it is famous for its orange industry. The navel orange was introduced there in 1873; the original tree, still producing, is a tourist attraction. The first marketing cooperative, organized in Riverside in 1892, led to the founding of the California Fruit Growers Exchange. Other products include aircraft and aerospace components, aluminum, food and beverages, plastics, prefabricated wood and metal buildings, medical equipment, electronic devices, motor vehicle parts, and machinery. The city is the seat of the Univ. of California at Riverside (with a citrus research center, est. 1907), La Sierra Univ., California Baptist Univ., and a school for Native Americans. Mission Inn, a hotel in a unique mission setting, is in the city. March Air Reserve Base and the March Field Air Museum are to the southeast. 2 Village (1990 pop. 8,774), Cook co., NE Ill., a residential suburb of Chicago, on the Des Plaines River; inc. 1875. It was planned as a model suburb by Frederick Law Olmsted and Calvert Vaux. The city has a number of buildings designed by Frank Lloyd Wright. The old water tower (late 19th cent.) is a national historic landmark. Film/Television IndustrySee also: List of films shot in Riverside, CaliforniaRiverside's close proximity to Hollywood, combined with its many unique architectural features, has made it a frequent filming choice by Hollywood film studios. The Mission Inn has been a particularly favorite backdrop.[]The HBO show Enlightened (2011�2013), which starred Laura Dern, was also set in Riverside.Episodes of the 2013 television celebrity diving program Splash are taped at Riverside Community College's aquatics complex.Riverside was the setting for the second episode of Season Five of the Bravo TV Reality show Tabatha Takes Over. The show focused on the rehabilitation of a local gay bar named V.I.P.

 

 

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Commercial factoring company Calculator
This calculator will show you how much you will make by using our commercial factoring company . But, as your about to discover, you will certainly notice the increased cash flow that will occur when you use our commercial factoring company
Enter the principal balance of your commercial factoring company
(call your commercial factoring company lender and ask for the current payoff amount):
Enter the amount of your monthly commercial factoring company payment:
(invoice amount):
Enter the your commercial factoring 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 Top 50 Trucking Companies list, based on data prepared by Consulting Group in Pittsburgh.

 

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

List of Trucking Companies for Owner/Operators and Company Drivers

 

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

List of Trucking Companies for Owner/Operators and Company Drivers

 

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.

 

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.

 

"

Since the mid 1980s Cooper 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, Cooper 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. The money was flowing, and times were great.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

 

. And worse yet, Cooper had noticed during the early part of 2008 that though the bulk of their clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. Spring changed to summer, summer changed to fall, and the CEO of Cooper, Ralph Ryan, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. There was a growing list of clients who now owed them back debt.He had 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 Cooper money had jumped ship and decided to leave him holding the bag.

 

. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. 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. The had just gone!.This current state-of-affairs was causing Ralph Ryan to have some very restless nights. He had employees to pay, goods to ship, trucks to maintain and overhead that was almost unbearable when compared against the lack of funds that were coming in. After work he would confide in his wife, Joan, 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.Ralph 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,"" Ralph said. ""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 Joan could do was hold his hand and look at him tenderly. 'We know it is a difficult economy at the moment - perhaps it will take a while for people to get on top of their bills'.""Ralph knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds.The following day Ralph walked into his office with a spring in his step, determined to call each and every client who owed money to Cooper 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. 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, Ralph 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 Sharonerley knocked at his door.

 

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

 

""Of course Sharon, please come in."" Ralph leaned back in his chair and looked expectantly at Sharonerely.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Ralph."" She opened up a folder she had been carrying and pulled out a small wad of papers, placing them on the desk in front of him.""Have you ever heard the word factoring?"" she asked.""It sounds vaguely familiar. What is factoring""? he asked.She began, ""Well, it is really very simple. Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Immediately?"" Ralph interrupted.""Yes, immediately,"" she continued, ""In a nutshell, it is pretty easy. We can have an expert account manager review our numbers and help us complete a company profile. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. Additionally, the factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It provides a very broad view.""Ralph replied cautiously ""I see - and what happens then?""Following the completion of their review and once we have been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. 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.�Ralph leaned forward and reviewed the paperwork closely.""It sounds too good to be true, Sharon,"" he said.""Yes, I know; that's exactly what I thought at the beginning. But think about it, Ralph: they've guaranteed that experts will do all the paperwork, and that will free us up to do what we should be doing - focusing on our customers in good standing, and that kind of stuff. And they're flexible Ralph,"" she underlined a paragraph on the paper before him.""How flexible?"" asked Ralph.""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. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" Ralph said.Ralph 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 are having with these clients who still owe us money.""Ralph took a moment to think about this solution, and agreed with his secretary. The clients who owed them money were long standing friends and professional resources of Cooper. They did not want to throw away these relationships because they were having trouble paying their bills now. Ralph 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. He did not want to lose business but he also did not want to lose any more money.""Well, let me think about this tonight Sharon, thank you."" Sharon stood up and left Ralph's office, with the nice feeling of knowing that she may just have solved a very serious problem.Ralph stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. He wondered if there might be other problems freight factoring could help Cooper 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. Ralph was surprised: it said that his company could get up to fifty percent cash advances on load pickups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.""I must tell Charles the good news,"" muttered Ralph to himself.Ralph's son-in-law, Charles, loved the idea behind Cooper 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. Ralph knew then what struggles Charles would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Cooper was hurting, a little guy like Charles was about to catch his death. But, maybe the answer for both of them was in freight factoring, and Ralph was going to find out very soon.Some months later, having successfully gone through the entire process of the application, having experts study his credit history and statements and review his accounts receivable, Ralph found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They took that time and refocused effort to offering competitive prices in new territories. Ralph recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. He probably wouldn't be in business today had he not learned just in time about freight factoring.

 

"

 

Riverside is a city in Riverside County, California, United States, located in the Inland Empire metropolitan area. Riverside is the county seat of the eponymous county and named for its location beside the Santa Ana River. It is the most populous city in the Inland Empire as well as Riverside County, and is located approximately 60 miles (97 km) east of Los Angeles.[] It is also part of the Greater Los Angeles area. Riverside is the 59th most populous city in the United States and 12th most populous city in California. As of the 2010 Census, Riverside had a population of 303,871.Riverside was founded in the early 1870s and is the birthplace of the California citrus industry as well as home of the Mission Inn, the largest Mission Revival Style building in the United States. It is also home to the Riverside National Cemetery.The University of California, Riverside, is located in the northeastern part of the city. The university also hosts the Riverside Sports Complex. Other attractions in Riverside include the Fox Performing Arts Center, Riverside Metropolitan Museum, which houses exhibits and artifacts of local history, the California Museum of Photography, the California Citrus State Historic Park, and the Parent Washington Navel Orange Tree, one of the two original navel orange trees in CaliforniaRiverside. 1 City (1990 pop. 226,505), seat of Riverside co., S Calif.; inc. 1883. One of the fastest growing U.S. cities in the late 20th cent., it is famous for its orange industry. The navel orange was introduced there in 1873; the original tree, still producing, is a tourist attraction. The first marketing cooperative, organized in Riverside in 1892, led to the founding of the California Fruit Growers Exchange. Other products include aircraft and aerospace components, aluminum, food and beverages, plastics, prefabricated wood and metal buildings, medical equipment, electronic devices, motor vehicle parts, and machinery. The city is the seat of the Univ. of California at Riverside (with a citrus research center, est. 1907), La Sierra Univ., California Baptist Univ., and a school for Native Americans. Mission Inn, a hotel in a unique mission setting, is in the city. March Air Reserve Base and the March Field Air Museum are to the southeast. 2 Village (1990 pop. 8,774), Cook co., NE Ill., a residential suburb of Chicago, on the Des Plaines River; inc. 1875. It was planned as a model suburb by Frederick Law Olmsted and Calvert Vaux. The city has a number of buildings designed by Frank Lloyd Wright. The old water tower (late 19th cent.) is a national historic landmark. Film/Television IndustrySee also: List of films shot in Riverside, CaliforniaRiverside's close proximity to Hollywood, combined with its many unique architectural features, has made it a frequent filming choice by Hollywood film studios. The Mission Inn has been a particularly favorite backdrop.[]The HBO show Enlightened (2011�2013), which starred Laura Dern, was also set in Riverside.Episodes of the 2013 television celebrity diving program Splash are taped at Riverside Community College's aquatics complex.Riverside was the setting for the second episode of Season Five of the Bravo TV Reality show Tabatha Takes Over. The show focused on the rehabilitation of a local gay bar named V.I.P.

 

 

More Trucking Factoring Companies Story Articles

The Future of a Trucking Company, and Factoring Javier Gilbert let the phone ring on his desk. 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. Gilbert Trucking Company was at a turning point of growth and Javier had to decide if signing with a factoring company was the right way forward.

 

More than forty years ago Javier's father had started this business working as an owner-operator and eventually growing Gilbert Trucking Company into a fifteen trailer fleet. Yes, they had survived some very difficult times when it appeared like they might go under, and even Javier's mother had jumped into the cab at times to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. Now the company was solely in Javier�s hands and he wanted to live to see it in better shape for his sons.

 

To move Gilbert Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. He had employees to pay. They all have families and the usual household bills. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requests for loads of agricultural and energy equipment. Every time he had to turn down a request, Gilbert 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. Javier allowed himself a good hard chuckle. 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. His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.

 

Javier believed a successful man is always thinking of his next step. How would he take Gilbert Trucking to the next level? And how would he be able to afford it? Business funding was tied up in fuel bills and the mortgage for the garage and office. Thankfully he'd just finished paying off the bank loan for the installation of satellite radio in the trucks.

 

But was factoring the answer? If he was being honest, he did not really understand how it all worked. It sounded like a ninth grade math problem and he wondered how this would fit into the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. In return, the factoring company pays the trucking business straight away, providing immediate cash flow for the business to pay staff, purchase fuel, and do any repairs or maintenance. Without the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. During those thirty days the trucking company cannot pay its employees and bills with invoices.

 

Now it was time for Javier to do his homework. Javier 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. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. 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. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a 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 sounded like a great scheme to him.

 

It was really refreshing dealing with the factoring people. They were more personable than those loan managers at the bank. It seemed as though those bank people spoke another language, but these factoring guys knew the trucking business and spoke to him like a client, not like a beggar for a handout. The factoring companies were not interested in his credit nor the financial problems his father had experienced in the past. Factoring was based on the credit of his customers and on their reliability which worked well for Javier 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 Gilbert 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, Javier 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 Gilbert Trucking Company and who knows, move into Canada, which had always been his dream. 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 would not be inheriting a financial mess.

 

 

 

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Trucking Factoring  Articles

"

�So It is not a loan?� asked Jason Hudson, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�No, not exactly,� she stated.Jason Hudson owned a small trucking company, and his business had recently fallen on difficult times. Trucking could be a profitable business, and for a little under a decade, it had been for Roland. His company was called Duncan Trucking, named after both of his grandfathers, Robert and Leroy. Both of these men had been very hardworking and had set a great example for Roland.Disaster had struck half a year ago, when two trucks in Roland�s fifteen truck fleet went down. One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. The financial security of Roland'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.

 

You could go a month or more before bills were completely paid off. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Jason was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.That�s where the woman across the desk came in. Jason knew she was employed by a Factoring company and that her name was Frances. He had accidentally come across her company one night when he was working late, searching the internet to see if there was some solution to his financial dilemma.She sat there now, and explained. �It�s not a loan, we purchase your accounts receivable. we are not giving you finance to be repaid later: we are purchasing something from you, and when you can you can buy it back. That way we�re protected from a complete loss, but you�re protected from the outrageous fees you would find in a loan from the bank.Jason agreed. It sounded good to him, almost too good.Frances 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 actually thought I might end up losing my business.�Frances smiled, agreeing. �We get that a lot. There's no way we want to see you lose your business. We know how hard you work, and that you've invested everything in your business. We all need help sometimes. That's why we do what we do.""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,� said Frances with a smile. �Let's work out a solution to your problem.�And with that they set about making a profile.

 

Jason completed the form, with Frances offering advice as needed.

 

The completed profile gave Frances and her company all the information they needed on Roland's business, and with this information they would determine if this business would in fact be suitable for Factoring. Unfortunately, not all companies are. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. Listening as Jason filled out his form, Frances was pretty sure he was a perfect candidate for factoring.When the form was done Frances took it and slid it into her briefcase. Standing up, she reached over the desk and shook Roland's hand. He stood before they shook as well, and then smiled. They said their goodbyes and Jason 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 Frances and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The sudden panic attacks, not matter where he was. He could feel it all fading away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was still here; he knew this was the right path for him, and he felt proud that he had taken the appropriate steps to sort out his problems.Jason couldn�t help but think back to when he had first started the business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been really successful. Home cooking in his hometown, and he had done very well.But it wasn't what he really wanted to do. 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 Duncan 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.And then the trucks went down, and his success looked to be in flux. He was about to turn fifty. He was concerned that he just did not have the energy left to try and save the business. But he couldn�t give up. Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically 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. Jason 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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More Trucking Factoring Company Story Articles

The key reasons why Trucking Corporations Work with Factoring Firms.

 

As the manager of your own business enterprise, you may likely be much more than knowledgeable already of the hardship in making certain that cash flow concerns do not become a dilemma down the line. Anyway, the most terrible thing that can potentially take place for your enterprise is to find yourself involved in a long and complicated predicament that leaves you forever searching for the cash you require on an continuous basis.

 

For pretty much any business in this case, the trouble can come for waiting for work to clear up and actually be paid into your balance. Bill of sales, checks, and the like could take a long time to actually to beprocessed which can easily leave you with temporary capital issues. Thankfully, there are options out there for firms to look into-- and one of these is factoring companies.

 

Factoring agencies will, in substitution for your statements, supply you with the cash right away so you do not have to worry about the lingering phase that could make paying out the expenses and purchasing toolsmore difficult. With this kind of system, invoice factoring can end up being tremendously practical for plenty of establishments who have to avoid a money ploy which they have discovered themselves in.

 

Since, depending on the scale of the task, it can take up to 60 days for many enterprises to get paid out then it is critical to take care of your own back and certainly not leave yourself resources short to pay off the monthly bills. After all, how many business enterprises have two months income just lying there to deal with all their overheads till they get paid?

 

This is specifically correct of truck agencies. They have the tendency to handle tons of statements which means a significant volume of collection period involves business owner themselves. Seeking to get compensated in time can end up being an extraordinary headache and this is exactly why you employ trucking factoring firms who are glad to help out truckers exclusively.

 

As most of us determine, trucking is an incredibly massive market with countless companies out there utilizing hundreds of drivers. Unfortunately, many of these drivers end up in money troubles because they are still expecting work from six weeks previously to actually pay them. When this is the circumstance for a truck business, depending on factoring agencies for solutions maybe the finest option left.

 

This signifies that a trucking corporation can pay the salaries of the crew, keep all the cars topped off with fuel and continue to go up, rise and expand without constantly waiting for the resources which is taking too lengthy to come in. Trucking Enterprises running without a factoring program implemented are leaving themselves at considerable danger, as competitions cash out fast and carry on to expand.

 

There's absolutely almost nothing to be stressed about when it comes to employing a Factoring establishment-- they usually are not like a bank or someone who is going to leave you with a large pile of personal debt to repay. You give them legitimate invoices from work you have already completed , you are simply speeding up the repayment system.

 

In the United states of America, where truck establishments thrive, factoring firms are not considered taking on loan in any capacity. This confidential contract then allows both parties to make money and indulge in a comfortable future-- it gives the factoring provider a guaranteed asset of earnings to include in the list and it furnishes the trucking business the required funds that they worked hard to gain.

 

The trucking firm bestows their invoices to the factoring business. The trucking factoring agency then obtain the installment payments from the trucking company's customers. Factoring has beenaround for hundreds of years and has been utilized for several years by lots of varying business-- but none much more so than truckers. While you may well lose out on a small part of the money, something like 1-3 % depending upon who you collaborate with, it signifies that you are receiving the funds today and can actually start setting the cash to operate.

 

Once and for all, an IOU or an invoice is certainly not going to pay for spendings, is it? For trucking agencies when the money can be excellent one day and gone the next, it is up to the drivers to work smartly and to ensure they are leaving themselves with a considerable amount of time and money to get through the week till they are paid for once more.

 

So the next occasion your trucking enterprise is bearing some momentary capital issues and you are investing a bit too much time chasing sluggish paying customers, why not begin considering using a factoring businesses as a means to get your cash and give yourself a more comfortable future in the eyes of your trucking crew and your bank difference?

 

 

 

 

 

 

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Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. While these loans are handy they are not available to every business. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it is usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose your entire business. 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 offer loans, and you do not go into debt when you get money from a Trucking Factoring company. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 80%-95%. The amount of finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared 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?

 

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. There is no debt. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. 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. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.

 

2. No Collateral Required. Another 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. Receive Your Money Faster. Using a Trucking Factoring company means that you'll get the finance quicker. Once the Trucking Factoring company assures itself that the customers in your accounts receivable are likely to pay their debt, the money is usually in the account within 24 hours. 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. 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 do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The main benefit is that once you've sold your accounts receivable to the Trucking Factoring company, you are free from having to collect money owed by your customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very efficient at debt collecting, and this frees up your valuable time to devote to running your company.

 

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

 

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