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To Companies Who Want To Write - but Can't Get Started - Our Truck Factoring Companies Can Provide
Your Freight Company The Money You Need

factorinvoices.org

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Medium-Size truck businesses, especially those who have actually not been around for very long, will typically find it challenging to secure a loan. Banks are typically reluctant to lend cash to businesses that do not have a lot of earnings and possessions. They also want proof of the viability of a business and thus need that a lot of operations, particularly little ones, be in company for a particular quantity of time before they want to hand over any money. Because of this, a medium-size business often has few cash producing choices when needs occur. One alternative available, but commonly neglected, is factoring. This is an excellent method for a small company to acquire money.

 

 

 

 

 

 

 

How to Swim with The Banks without Being Eaten Alive - Choose A Trucking�Factoring Company  Instead Of A Typical Bank Financing

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

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

Money flow does not have to be an issue any ever more. Do not be fooled -- banks are not the only locations you can get financing. Other options are available and you do not have to borrow money. What is trucking factoring ? One solution is called truck factoring. Truck Factoring is the process of selling accounts receivable to a financier instead of waiting to gather the money from the client. Oh, the Irony- Trucking factoring has an ironic difference: It is the monetary foundation of many of America's most successful companies. Why is this ironic ? Since staffing factoring is not taught in business colleges, is rarely mentioned in company strategies and is fairly unknown to the majority of most of American company individuals.

Yet it is a monetary process that releases up billions of dollars every year, allowing countless companies to grow and succeed. Factoring has been around for countless years. Receivable Financing Companies are financiers who pay money for the right to receive the future payments on your invoices. An unpaid receivable or invoice has value. It is a financial obligation your client has actually agreed pay in the near future. Factoring Principals--Although factoring offers solely with business-to-business transactions, a big percentage of the retail business utilizes a factoring principal. MasterCard, Visa, and American Express all utilize a type of factoring in their retail transactions. Using the purest definition of the word, these big consumer finance companies are truly just big FACTORING Companies of consumer paper. Consider it: You make a purchase at Sears and charge it to your MasterCard. The shop gets paid almost instantly, although you do not make payment until you are prepared.

For this service, the charge card business charges Sears a fee (typical common normal fees vary from 2 to 4 percent of the sale). The Benefits Receivable Financing can provide numerous advantages to cash-hungry companies. Rather than wait 30, 60, 90 days or longer for payment on a product that has currently been provided, a company can factor (sell) its receivables for cash at a little price cut off the amount of the invoice. Payroll, marketing efforts, and working capital are just a few of the company requirements that can be met with instant  cash.

Invoice Factoring provides the ways for a producer to replenish stock and make even more items to offer: There is no longer a need to await for earlier sales to be paid. FACTORING is not just a money management tool for manufacturers: Practically any type business can benefit from Commercial Factoring. Typically, a company that extends credit will have 10 to 20 percent of its yearly sales bound in invoices at any given time. Think for a minute about exactly how much is bound in 60 days' worth of invoices: You can not pay the power expense or this week s payroll with a customer s invoice, however you can sell that invoice for the money to meet those obligations. Using truck factoring companies is a quick and simple procedure. The factor purchases the invoice at a price cut, typically a few percentage points less than the face value of the invoice.

 

 

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The American Truck Association
specifies that there around
205,000 workers with truck
firms and
276,000 private providers trucking
companies accredited to
operate in the States that carried,
according to their newest data of millions
items, materials and
standard materials .
There are numerous common
carriers either going solo or in
groups on our nation
roads transferring these
important items to our
stores, manufacturingplants and ports.

And freight invoice factoring
corporations benefit
many of them and offer their
receivable loan services
nationallyincluding
including the following states.

: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho State, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming

 

Stockton is a city in Northern California and the county seat of San Joaquin County. Located on the San Joaquin River, Stockton has a population of 291,707 according to the 2010 United States Census and is the 13th-largest city in California.Stockton is situated amid the farmland of California's Central Valley. Interstate 5 and State Route 99, California's major north-south corridors, pass through the city. Stockton is connected westward with the San Francisco Bay by the San Joaquin River's 78-mile channel. With Sacramento, it is one of California's two inland sea ports. In and around Stockton are thousands of miles of waterways and rivers which make up the California Delta.The city hosts the annual Asparagus Festival. Its Haggin Museum is an art and history museum built in Victory Park in 1931. The museum displays 19th and 20th-century works of art and houses local historical exhibits. Stockton boomed as one of the largest cities in California, for a while the third-largest city, during the years of the Gold Rush and later 19th century.Stockton has recently struggled with violent crime, reaching a record high of 71 homicides in 2012 before dropping to 23 in the first nine months of 2013. The city had cut its police force by more than 20% during the 2008 subprime mortgage crisis, but a sales tax approved by voters on November 5, 2013 could fund an additional 120 police officers.Following regional losses to the economy due to the 2008 financial crisis, in July 2012, Stockton became the largest city in U.S. history to file for bankruptcy protection. It was surpassed by Detroit in July 2013. The city approved a plan to exit bankruptcy in October 2013, and voters approved a sales tax on November 5, 2013 to help fund the exit

 

 

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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:

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.

 

Searching for the right trucking companies to move your freight can be tough, with the large amount of local, regional, and national truck carriers out there. Center helps make freight shipping simple, finding you the safest, reliable trucking companies every time you ship. Trucking companies are licensed and insured to carry freight safely and efficiently across the country, no matter the size or type of freight you need to ship.Plus, with the high volume of freight we move, we will work to get you the best freight rates possible. Simply enter in a few details below and you�ll see instant freight rates from all the top trucking companies in one easy screen

 

EveryJob is a free service dedicated to helping professional truck drivers find new truck driving jobs with the best trucking companies hiring today!

Locate truck driving jobs by city, state, position andenefits offered. Search current driving jobs and fill out the EZ truck driver application customized for cdl trucking jobs

 

Click below to find Trucking Companies in the United States:

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

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.

 

 

"

Stevens 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 Stevens Truck & Haul was the mastermind of a top-rated accounts receivable in 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.But a short year later, in the fall of 2008, when the United States economy took a nosedive and businesses both small and large began to feel the pinch on their pocketbooks, those that used to make their demands had suddenly and largely gone silent. Business slowed to a crawl

 

. And worse yet, Stevens 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 Stevens, Francis Chambers, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The number of clients who were late in their payments was continuing to grow.He had gone to his administrators and asked them what the problem had been. Were they doing things different, or wrong, when it came to collecting overdue accounts? 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 Stevens 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. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Stevens hadn't gone elsewhere. The had just gone!.This current state-of-affairs was causing Francis Chambers to have some very restless nights. There were goods to ship, employees to pay, trucks to repair and maintain, and continuous overheads that were very extensive when compared to the funds (or lack of) that were incoming. At night he would speak to his wife Elaine and shake his head in 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.Francis would stare off for a moment and then close eyes. In his mind he could clearly see the fleet of trucks purchased over the many years. He could see them traveling, bringing goods to all of his clients. But somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. What on earth was happening to create the death of his business?""I think I know what it could be,"" Francis said. ""For way too long I've been relying solely on profits received from invoices. I've let too many of our customers go too long without paying on their bills."" Linda could only grab her husband's hand and look at him lovingly, ""it is a hard economy. It might be awhile until things get settled up.

 

""Elaine was trying so hard to support her husband in these worrying times, while Francis was weighed down with the worry of how he was going to handle this situation he found himself in.The following day Francis walked into his office with a spring in his step, determined to call each and every client who owed money to Stevens Truck & Haul. This wasn't really a very efficient way for a Chief Executive to spend his day, and Francis knew he should be overseeing all the other sides of the business, such as shipments and deliveries, approaching prospective customers, or working with his sales team. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. A waste of time - a waste of money - he had the best intentions, but all the while Francis was realising just how much trouble he was in.Poor Francis spent the whole morning trying in vain to contact his debtors: they promised to call back, dodged his calls, or made small interest-only payments. He was beginning to feel quite despaired when his secretary knocked on his door.

 

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

 

""Sure thing Irma, come on in."" Francis relaxed back into his chair and looked up at Irmaerley.""Well Francis, this afternoon I did some research, trying to work out how we are going to get out of this mess."" She opened up a folder she had been carrying and pulled out a small wad of papers, placing them on the desk in front of him.""Have you ever heard the word factoring?"" Irmaerley asked.""It does sound vaguely familiar. What is it?"" he said.""Well,"" she began, ""It�s actually quite simple really.

 

So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Immediately?"" Francis interrupted.""Yes, immediately,"" she continued, ""it is actually very simple. 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.""Francis 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. The funding commences once we�ve arrived at an agreement.�Francis was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""I do not know, Irma - it just sounds too good to be true"", Francis 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 Francis,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked Francis.""They personalize the factoring rates so that the amount they are willing to take on is commensurate with our needs and our client�s debt. It only takes 2 to 4 days for this to be figured out. ""It does all sound pretty good, remembering that we are all tapped out now with loans from the bank last year to repair vehicles, and we all know just how tight money is. it is imperative that we keep the business rolling as usual, and every day we go unpaid we are getting closer and closer to dealing with some serious issues in both the short term and the long term,"" said Francis.Francis took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Exactly�. I think this might just be a way out of the trouble we are in with these folks who owe us money.""Francis thought about this and agreed with Irmaerley. The customers who were in debt to Stevens Truck & Haul were professional resources of the company, but they were also long-standing friends. Just because they were experiencing difficulties paying their own bills now, Francis was very concerned about losing these relationships. Francis 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 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 Irma, thank you."" Irma nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.Francis stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. What other issues could freight factoring help Stevens 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. Francis 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.""Well, I'll have to tell Danny about this,"" muttered Francis to himself.His son-in-law Danny had liked the idea of Stevens so much and revered his father in law for having such business acumen that only two years before, he had gathered the venture capital to begin his own transportation service company. Francis knew then what struggles Danny would face but he encouraged him nonetheless. With the economy the way it was, if an established company such as Stevens was struggling then the little guys, like Danny, were going to be in even more trouble. But, an antidote may have been found in freight factoring and Francis was soon to find out.A few short months later, after completing the application process, having the legal experts review his credit history, accounts receivable, and statements, finally Francis was beginning to find his way out of the hole his debtors had created for him.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They took that time and refocused effort to offering competitive prices in new territories. Francis looked back on the dismal months of life before freight factoring and almost shuddered at the thought. He probably wouldn't be in business today had he not learned just in time about freight factoring.

 

"

 

Stockton is a city in Northern California and the county seat of San Joaquin County. Located on the San Joaquin River, Stockton has a population of 291,707 according to the 2010 United States Census and is the 13th-largest city in California.Stockton is situated amid the farmland of California's Central Valley. Interstate 5 and State Route 99, California's major north-south corridors, pass through the city. Stockton is connected westward with the San Francisco Bay by the San Joaquin River's 78-mile channel. With Sacramento, it is one of California's two inland sea ports. In and around Stockton are thousands of miles of waterways and rivers which make up the California Delta.The city hosts the annual Asparagus Festival. Its Haggin Museum is an art and history museum built in Victory Park in 1931. The museum displays 19th and 20th-century works of art and houses local historical exhibits. Stockton boomed as one of the largest cities in California, for a while the third-largest city, during the years of the Gold Rush and later 19th century.Stockton has recently struggled with violent crime, reaching a record high of 71 homicides in 2012 before dropping to 23 in the first nine months of 2013. The city had cut its police force by more than 20% during the 2008 subprime mortgage crisis, but a sales tax approved by voters on November 5, 2013 could fund an additional 120 police officers.Following regional losses to the economy due to the 2008 financial crisis, in July 2012, Stockton became the largest city in U.S. history to file for bankruptcy protection. It was surpassed by Detroit in July 2013. The city approved a plan to exit bankruptcy in October 2013, and voters approved a sales tax on November 5, 2013 to help fund the exit

 

 

More Trucking Factoring Companies Story Articles

Factoring in the Future of a Trucking Business: A Story The phone was ringing on his desk, and Edward Martinez 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. Martinez Trucking Company had reached a turning point and he now had to make a decision as to whether he should sign up with a factoring company, and indeed if this would be a good or regrettable decision for his business.

 

More than forty years ago Edward's father had started this business working as an owner-operator and eventually growing Martinez 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 Edward's mother had jumped into the cab at times to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. But now things were different: the company was in Edward's hands and he needed to ensure that this business would be left in great shape for his sons.

 

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

 

Edward knew he was right in his forward thinking. What would be the next step for Martinez 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. Thankfully he'd just finished paying off the bank loan for the installation of satellite radio in the trucks.

 

But was factoring the answer? There was a lot he didn�t understand about the process. It sounded a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. The factoring company gives the trucking business its payment right away which allows the business to have continuous cash flow so it can pay employees, buy fuel, and make repairs for upcoming hauls. Without this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Now it was time for Edward to do his homework. Edward had heard that there were companies that charged for same day money transfers and would only advance a percentage of the money owed to your company while holding the rest in a private account if they didn�t get their bill payment within 60 or so days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His friend Ronnie who had a trucking business in Missouri, was run nearly into the ground by a factoring company that charged him the full freight bill on top of the factoring fees. Well, what was the point of going to a factoring company if there was shady business like that going on?

 

But it turned out to be quite easy. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He didn�t mind signing an exclusive contract. He liked the idea of a long term commitment so he knew he wouldn�t have to bother going back and forth to different companies and wasting time filing more forms. 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. He was more than happy with the figures he was offered in percentage terms 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. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Edward because he and his father had created a very strong and loyal list of clientele over the years. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients would not have any problems, nor would they think poorly of Martinez 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.

 

Edward stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. He suddenly realized that, with this new cash flow, he could actually expand Martinez 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 Christian Dixon, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she said.Christian 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 Bryan. His company was called Mitchell Trucking, named after both of his grandfathers, Tom and Alexander. Both of these men had been very hardworking and had set a great example for Bryan.Six months ago disaster struck Bryan's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. Christian depended on his full fleet, and missing two trucks was devastating . Furthermore, buying a whole new truck and fixing the other simply took more cash than Christian had on hand.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. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Christian wasn�t a bad owner, and he hadn�t messed up. 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.And that's why he found himself across the desk from this woman. Christian knew she was employed by a Factoring company and that her name was Rosa. 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.Rosa explained. �It�s not a loan, we purchase your accounts receivable. We aren�t giving you money to be paid back later, we�re buying something from you, and you can buy it back when you can. This is a win-win situation: we are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Christian nodded. It sounded perfect - perhaps too good?.Rosa laughed. �I'm not sure that you 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.�Rosa nodded. �Yes, we get a lot of that. Listen, I�d hate to see you lose your company. We know how hard you work, and that you've invested everything in your business. We all need help sometimes. That�s what we�re here for.""In any case, thank you for coming to see me.""No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� Rosa said with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Christian filled the form out, with Rosa available to help him if he needed it. The completed profile gave Rosa and her company all the information they needed on Bryan'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 were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. As Christian completed his form, Rosa listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Rosa took it and slid it into her briefcase. Standing up, she reached over the desk and shook Bryan's hand. He stood before they shook as well, and then smiled. Christian walked Rosa to the door where they said 'Goodbye', then he went back into his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He 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 Rosa 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.The long nights, where he couldn�t sleep. The terrifying panic attacks that occurred regardless of where he was. Already he could feel all the stress start to drain away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was there, he was on the right path, and he was working to make things right.His mind wandered back to the very beginning, when he first started his business. At twenty-two and straight out of school he had opened a restaurant. It had been successful. Offering home cooking in his own hometown, his business had really prospered.But he had gotten bored. His passion didn�t lie with the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took six months off, and during that time he decided to create Mitchell Trucking. So he did it. 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 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, because of factoring, he was sure he wouldn�t have to. Bryan's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. He could be thankful later, for now, it was time to work.

 

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More Trucking Factoring Company Story Articles

The reason why Trucking Corporations Employ Factoring Companies.

 

As the owner of your own company, you may be much more than conscious already of the hardship in making certain that capital issues do not become a dilemma down the line. After all, the most terrible thing that can potentially happen for your firm is to find yourself embroiled in a long and perplexing situation that leaves you forever trying to find the money you need on an continuous basis.

 

For just about any business in this case, the issue can come for waiting for work to lapse and actually be brought in into your balance. Statements, checks, and the like can take a while to actually to beprocessed which can easily leave you with short-term capital issues. Thankfully, there are options out there for businesses to examine-- and among these is factoring companies.

 

Factoring providers will, in substitution for your invoices, provide you with the resources today so that you do not need to fret about the waiting time frame that could make paying off the expenses and getting materialsmore complicated. With this form of setup, invoice factoring can become extremely practical for many establishments who need to get out of a cash lure which they have gotten themselves in.

 

Given that, basing on the scale of the job, it can take up to 60 days for a number of enterprises to get paid out then it is very important to take care of your own back and definitely not leave yourself money short to pay the expenses. After all, how many enterprises have two months cash flow just lying there to pay for all their spendings till they earn?

 

This is most notably true of trucking agencies. They often tend to handle great deals of statements which means a huge amount of collection period involves business owner themselves. Making an effort to get paid off promptly can become an incredible hassle and this is why you make use of truck factoring organizations who are glad to help out truckers specifically.

 

As we all realize, trucking is an unbelievably big field with numerous firms out there working with hundreds of vehicle drivers. Regretfully, quite a few of these drivers land up in finances issues since they are still awaiting work from six weeks ago to actually pay them. When this is the scenario for a trucking company, choosing factoring companies for reinforcement maybe the most ideal alternative left.

 

This indicates that a trucking organization can pay the salaries of the work force, keep all the vehicles loaded with gas and continue to scale, flourish and expand without always waiting for the money which is taking too long to come in. Trucking Companies functioning without a factoring system used are leaving themselves at significant threat, as competitors cash out rapidly and carry on to grow.

 

There's genuinely nothing to be stressed about when it comes to utilizing a Factoring firm-- they typically are not like a bank or any individual who is going to leave you with a huge stockpile of financial obligation to repay. You give them authentic invoices from work you have already accomplished , you are merely speeding up the payment system.

 

In the Usa, where truck companies grow, factoring enterprises are not considered borrowing in any capacity. This confidential deal then enables both parties to profit and indulge in a worry-free future-- it gives the factoring provider a guaranteed asset of income to put into the list and it gives the trucking business the required finances that they worked hard to obtain.

 

The trucking firm provides their accounts to the factoring company. The trucking factoring agency then collect the payments from the trucking company's clients. Factoring has been in existence for hundreds of years and has been used for long times by several various business sectors-- but none much more so than truckers. While you might lose out on a small part of the money, something like 1-3 % depending upon who you deal with, it indicates that you are receiving the finances today and can actually start putting the cash to function.

 

Anyway, an IOU or an invoice is absolutely not going to cover costs, is it? For trucking firms when the cash can be really good one day and gone the next, it is up to the drivers to work sensibly and to make sure that they are leaving themselves with a notable volume of time and finance to get through the week till they are handed over once again.

 

So the next occasion your trucking establishment is having some short-term cash flow troubles and you are spending too much time chasing slowly paying customers, why not begin looking into making use of a factoring companies as a method to get your money and give yourself a more convenient future in the eyes of your trucking staff and your bank dividend?

 

 

 

 

 

 

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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. 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 do not offer loans, and you do not go into debt when you get money from a Trucking Factoring company. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. The Trucking Factoring company purchases your accounts receivable, or part of them, for a certain percentage of their value - this is normally about 80-95%. The amount of 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?

 

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

 

1. There is no debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating will not be affected. 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.You receive interest up-front. With a bank loan interest continues to build, and this has to be paid the whole time you have a business loan; however with a Trucking Factoring company there is no interest - they take it right off the top by deducting it from the total amount of receivable accounts. So 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, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The most important benefits is that once you sell your accounts receivable to the factory company, you do not have to take time away from running your business to collect the money owed from reluctant to pay customers. The Trucking Factoring company takes over that chore, since it is now their money to collect. 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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