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Thousands Now Play Who Never Thought They Could -
Our Receivable Loan Company
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How Much is Your Cash Flow "Tension" Costing Your Company - Pick 

An Accounts Receivable Factoring Company Instead Of A Regular Bank Financing

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

 

You may heard of trucking factoring but most people may well mistake exactly what it is or much more notably exactly what it can possibly do for your firm. Trucking Receivables Finance likewise understood as accounts receivable financing is a kind of asset based financing that can enhance a business' short-term cash flow. This is not a loan; no debt is taken on by Trucking Factoring ,and the funds are unrestricted. Factoring Loans Companies in Invoice Factoring Company Glendale Factoring Companies at Freelandcustom.com- providing finances factoring services glendale-factoring-companies

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Factoring Loans Companies

Factoring providers will, in exchange for your statements, provide you with the funds today in order that you don't need to fret about the delaying time span that could make paying the expenses and getting materialsmore difficult. With this style of arrangement, invoice factoring can become extraordinarily useful for a lot of companies who have to get out of a money pitfall which they have gotten themselves in.

 

 

Invoice Factoring Companies Reviews at Receivablesfinancing.Org

Factoring Receivables Companies

The trucking firm provides their statements to the factoring establishment. The trucking factoring agency then acquire the installment payments from the trucking company's customers. Factoring has beenaround for centuries and has been utilized for long times by a lot of various industries-- but none exceeding so than truckers. While you may lose out on a small part of the money, something like 1-3 % depending upon who you partner with, it indicates that you are acquiring the funds today and can actually start off putting the cash to perform.

 

 



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Trucking Freight Bill Factoring Companies

Factoring providers will, in exchange for your statements, provide you with the funds today in order that you don't need to fret about the delaying time span that could make paying the expenses and getting materialsmore difficult. With this style of arrangement, invoice factoring can become extraordinarily useful for a lot of companies who have to get out of a money pitfall which they have gotten themselves in.

 

 



Freighttruckingcompany.Org

Receivable Loan

 

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

Cash flow does not have to be a problem any ever more. Do not be fooled -- banks are not the only locations you can get funding. Other solutions are offered and you do not have to borrow money. Exactly what is truck factoring ? One solution is called trucking factoring. Trucking Factoring is the procedure of selling invoices to an investor instead of waiting to collect the cash from the client. Oh, the Irony- Truck factoring has a paradoxical difference: It is the monetary backbone of many of America's most effective businesses. Why is this ironic ? Because receivable financing is not taught in business colleges, is rarely discussed in company strategies and is relatively unknown to the majority of most of American business people.

Yet it is a monetary procedure that releases up billions of dollars every year, allowing thousands of companies to grow and succeed. Trucking Factoring has been around for countless years. Commercial Factoring Companies are investors who pay cash for the right to get the future payments on your invoices. An unpaid receivable or invoice has value. It is a debt your client has agreed pay in the near future. Factoring Principals--Although factoring deals exclusively with business-to-business transactions, a big portion of the retail company utilizes a factoring principal. MasterCard, Visa, and American Express all utilize a form of factoring in their retail transactions. Utilizing the purest definition of the word, these big consumer finance companies are truly just big Receivable Loan Financing Companies of customer paper. Consider it: You make a purchase at Sears and charge it to your MasterCard. The store gets paid practically instantly, although you do not pay until you are prepared.

For this service, the credit card business charges Sears a fee (typical common normal charges vary from two to 4 percent of the sale). The Advantages Receivable Financing can provide many benefits to cash-hungry companies. Instead of waiting 30, 60, 90 days or longer for payment on an item that has actually currently been provided, a business can factor (sell) its receivables for cash at a small price cut off the dollar value of the invoice. Payroll, marketing efforts, and working capital are simply a few of the business requirements that can be met with instant  cash.

Trucking Factoring provides the means for a producer to replenish inventory and make more items to offer: There is no longer a need to wait for earlier sales to be paid. FACTORING is not just a money management device for manufacturers: Almost any type business can take advantage of Truck Factoring. Typically, a company that extends credit will have 10 to 20 percent of its annual sales tied up in invoices at any given time. Think for a minute about how much is bound in 60 days' worth of invoices: You can not pay the power bill or this week s payroll with a customer s invoice, however you can offer that invoice for the money to meet those obligations. Using trucking factoring companies is a quick and simple process. The factor buys the invoice at a price cut, typically a few percentage points less than the face value of the invoice.

www.Accountreceivablefinancing.Net

 

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Glendale /'gl?nde?l/ is a city in Los Angeles County, California, United States. The 2013 estimates show that the population was 196,021 [6] making it the third largest city in Los Angeles County and the 22nd largest city in the state of California.Glendale lies at the eastern end of the San Fernando Valley, bisected by the Verdugo Mountains, and is a suburb in the Greater Los Angeles Area. The city is bordered to the northwest by the Sun Valley and Tujunga neighborhoods of Los Angeles; to the northeast by La Ca�ada Flintridge and the unincorporated area of La Crescenta; to the west by Burbank and Griffith Park; to the east by Eagle Rock and Pasadena; to the south by the Atwater Village neighborhood of Los Angeles; and to the southeast by Glassell Park neighborhood of Los Angeles. The Golden State, Ventura, Glendale, and Foothill freeways run through the city.Glendale has one of the largest communities of Armenian descent in the United States. The city's Forest Lawn Memorial Park Cemetery contains the remains of many noted celebrities and local residents.In 2013, Glendale was named LA's Neighborhood of the Year by the readers and editors of Curbed.com.[8]According to the city's 2013 Comprehensive Annual Financial Report,[16] the top employers in the city are as follows (with number of employees given):

 

 

 

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The U.s. Trucking Organization
specifies that there around
205,000 work with freight trucking
businesses and
276,000 private providers trucking
firms certified to
operate in America that transported,
according to their most current searchings for billions of
products, supplies and
fundamental materials .
There are several common
carriers either going solo or in
groups on our nation
roads carrying these
important products to our
stores, manufacturing facilities and harbors.

Plus  truck factoring
companies help
numerous of them and offer their
factoring services
nationally comprising
including the following states.


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

Glendale Factoring Companies

 

Watch Our Trucking Factoring Companies YouTube Videos For More Information

 

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

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.

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

 

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

 

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.

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

 

 

 

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New Factoring Program Leaves Your Company Rolling in Profits

 

"

�So It is not a loan?� Alfredo Brooks asked as he leaned back in his chair, crossing his legs. The woman who sat across the desk smiled and shook her head.�No, not exactly,� she stated.Alfredo Brooks 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 Brent. He named his business Wheeler Trucking, named after Erik and Maurice, his two grandfathers. They had both been hardworking men, and had done a lot to make Alfredo the same.Six months ago disaster struck Brent'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. The financial security of Brent'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.A big problem a lot of trucking companies came across was how bills were paid in the industry. Waiting a month or longer for bills to be paid was quite normal. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Alfredo was an excellent business man, and he certainly hadn't done anything wrong. Certain events had occurred that he could not possibly have predicted, and now he had to find a way to protect his business and prevent it from ultimate devastation.And that's why he found himself across the desk from this woman. Her name was Jacqueline and she worked for a factoring company. 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.Jacqueline 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.Alfredo agreed. It sounded good to him, almost too good.Jacqueline laughed. �You look like you don�t believe me,� she chuckled.�No, I do, I just think it sounds a bit too good to be true. I actually thought I might end up losing my business.�Jacqueline smiled, agreeing. �We get that a lot. 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.""Well, I'm very grateful that you came to see me today.""No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� Jacqueline said with a smile. �Let's work out a solution to your problem.�And with that they set about making a profile.

 

Alfredo filled the form out, with Jacqueline available to help him if he needed it. The completed profile gave Jacqueline and her company all the information they needed on Brent's business, and with this information they would determine if this business would in fact be suitable for Factoring. In truth, not all companies were. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. As Alfredo completed his form, Jacqueline listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Jacqueline took it and slid it into her briefcase. She then stood, reached across the desk and shook Brent�s hand. He stood before they shook as well, and then smiled. Alfredo walked Jacqueline to the door where they said 'Goodbye', then he went back into his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He 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. Talking to Jacqueline though, learning about factoring, it felt like a weight had been lifted from 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. Already he could feel all the stress start to drain away. He knew it wasn't over yet and that there was still a way to go, but he could just feel everything start to change for him. He was there, he was on the right path, and he was working to make things right.Alfredo couldn�t help but think back to when he had first started the business. At twenty-two and straight out of school he had opened a restaurant. It had been really successful. Offering home cooking in his own hometown, his business had really prospered.But it wasn't what he really wanted to do. 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 Wheeler Trucking. So he did it. Once again he built a company from the ground up. He had been successful.And then the trucks went down, and his success looked to be in flux. He was about to turn fifty. He didn�t think he had it in him, to save this company. But 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. Brent's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.

 

"

 

 

 

 

More Factoring Trucking Industry -Articles

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Transportation Invoice Factoring

 

"

Graham Truck and Haul has been in business since the mid 1980s. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the heady times from 2002 to 2007, Graham was a top rated accounts receivable mastermind of the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. 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

 

. Worse still, it was noticed by Graham in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. Spring changed to summer, summer changed to fall, and the CEO of Graham, Luis Curtis, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The numbers of clients who owed him back debt were growing.He had gone to his administrators and asked them what the problem had been. Were they doing something wrong or different when it came to reaching out to delinquent accounts? When checking his bookkeeper's records this was definitely not the case. Perhaps he was losing his customers to his competitor, who seemed to offer very low prices with no guarantee of quality or performance, and these clients who were in debt to his company had possibly disappeared leaving him stranded. 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. They had just gone home.This current state-of-affairs was causing Luis Curtis 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, Rita, and neither were unable to stop the constant worry over the lack of funds.""Lin, I have a really bad feeling,"" he'd sadly say to his wife.""Well, what do you think it is?"" she would ask.Luis 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 could cause this ultimate death spiral of business?""I think I know what it could be,"" said Luis. ""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."" All Rita 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'.""Rita was trying so hard to support her husband in these worrying times, while Luis was weighed down with the worry of how he was going to handle this situation he found himself in.The next day Luis strolled into his office and was determined to sit down and make every phone call to every client who had owed Graham money. 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. A waste of time - a waste of money - he had the best intentions, but all the while Luis was realising just how much trouble he was in.After a half day of contacting debtors in vain - they dodged his calls or promised to call back at worst or made minimal interest-only payments at best - he was about to throw in the towel when his secretary Connieerley knocked at his door.

 

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

 

""Of course Connie, please come in."" Luis leaned back in his chair and looked expectantly at Connieerely.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Luis."" She opened up a folder she had been carrying and pulled out a small wad of papers, placing them on the desk in front of him.""Have you ever heard of factoring?"" Connieerley asked.""It sounds vaguely familiar. What is factoring""? he asked.""Well,"" she began, ""It�s actually quite simple really.

 

So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Immediately?"" Luis interrupted.""Yes, immediately,"" she continued, ""In a nutshell, it is pretty easy. We start by having a professional account manager review our figures and help us set up a company profile. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It provides a very broad view.""Luis 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. This company tells us what the cost will be to purchase factoring for our accounts receivable. We come to an agreement and the funding starts pouring out.�Luis was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""I do not know, Connie - it just sounds too good to be true"", Luis said quietly.""Yes, I know; that's exactly what I thought at the beginning. But think about it, Luis: 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 Luis,"" she drew a circle around a paragraph on the document before him.""How flexible?"" he asked.""It seems that they personalize their factoring charges so that the amount they're prepared to work with is commensurate with our client's debt and our needs. Apparently they can figure this all out in two to four days.

 

""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,"" Luis said.He took a deep breath and looked at his secretary with something she recognized as hope.""Exactly�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Luis 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 Graham. Just because they were experiencing difficulties paying their own bills now, Luis was very concerned about losing these relationships. Luis 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. Of course he did not want to lose any more money, but he did not want to lose business either.""Well, let me think about this tonight Connie, thank you."" Connie nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Luis keep the shirt on his back, and possibly hers too.Luis 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 Graham 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. Luis was surprised: it said that his company could get up to fifty percent cash advances on load pickups. Luis was a typical business man: he despised binding contracts that did not allow room to breathe, so he was pleasantly surprised to see that the factoring company did not require a long term contract, that there was no minimum volume required, and that there were no sign-up fees.""Well, I'll have to tell Jeff about this,"" muttered Luis to himself.Luis's son-in-law, Jeff, loved the idea behind Graham and highly respected his father-in-law for having such great business sense, that two years ago he got his capital together and started his own transportation company. At that time Luis knew the struggles Jeff would face, but he still encouraged him to follow his dream. With the faltering economy, if a big fish like Graham was hurting, a little guy like Jeff was about to catch his death. But, an antidote may have been found in freight factoring and Luis was soon to find out.A few months later after going through the entire application process and having the experts review his accounts receivable, credit history and statements, Luis found himself beginning to dig his way out of the hole his delinquent account holders 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. Luis looked back on the dismal months of life before freight factoring and almost shuddered at the thought. Had he missed the boat on this one, he probably wouldn't be in business today.

 

"

 

 

 

 

 

 

More New Factoring Program Leaves Your Company Rolling in Profits-Articles

 

 

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Factoring Truck Loads

 

The reason why Truck Companies Make use of Factoring Firms.

 

As the manager of your own company, you may perhaps be more than aware already of the difficulty in making certain that cash flow issues do not become a dilemma down the line. After all, the worst thing that can possibly happen for your company is to find yourself embroiled in a long and hard predicament that leaves you forever searching for the finances you are in need of on an on-going manner.

 

For just about any firm in this scenario, the problem can come for waiting for work to lapse and actually be brought in into your statement. Statements, checks, and the like could take a long time to actually to beprocessed which could leave you with temporary available resources problems. The good news is, there are approaches out there for companies to examine-- and among these is factoring providers.

 

Factoring firms will, in exchange for your bill of sales, offer you with the finances right now in order that you do not need to worry about the lingering time frame that could make paying out the bills and obtaining materialsmore hard. With this kind of setup, invoice factoring can become extraordinarily helpful for various firms who need to get out of a money lure which they have found themselves in.

 

Due to the fact that, basing on the scale of the task, it can take up to 60 days for many business enterprises to get compensated then it is vital to blanket your own back and not leave yourself funds short to pay the monthly bills. After all, how many businesses have two months earnings just occupying there to deal with all their costs till they make money?

 

This is especially correct of truck companies. They have the tendency to handle great deals of accounts which means a notable quantity of collection time involves company owner themselves. Attempting to get paid promptly can end up being an incredible hassle and this is precisely why you use trucking factoring firms who are pleased to help out truckers particularly.

 

As most of us recognize, trucking is an astonishingly massive industry with countless firms out there hiring hundreds of vehicle drivers. However, many of these drivers end up in cash difficulties for the reason that they are still anticipating work from six weeks previously to actually compensate them. When this is the situation for a trucking agency, turning to factoring providers for help might be the most recommended choice left.

 

This signifies that a trucking corporation can compensate the salaries of the work force, keep all the cars loaded with gas and continue to go up, develop and expand without consistently waiting for the income which is taking too prolonged to come in. Trucking Enterprises running without a factoring program applied are leaving themselves at critical hazard, as contenders cash out quickly and continue to expand.

 

There's genuinely almost nothing to be worried about when it comes to using a Factoring firm-- they usually are not like a financial institution or an individual who is going to leave you with a substantial mass of liability to repay. You give them legitimate invoices from output you have already finished , you are only speeding the repayment process.

 

In the United states of America, where trucking establishments prosper, factoring establishments are not considered accepting loan of in any capacity. This confidential agreement then enables both parties to make money and take pleasure in a worry-free future-- it provides the factoring business a secured asset of income to add to the list and it furnishes the trucking business the needed cash that they worked hard to earn.

 

The trucking business presents their accounts to the factoring establishment. The trucking factoring company then obtain the payment amounts from the trucking company's clients. Factoring has been in existence for hundreds of years and has been employed for long times by a lot of varied sectors-- but none more so than truckers. While you might possibly lose out on a small part of the money, something like 1-3 % depending upon who you work with, it means that you are receiving the finances today and can actually begin putting the resources to operate.

 

After all, an IOU or an invoice is definitely not going to finance overheads, is it? For trucking firms when the resources can be fantastic one day and gone the next, it is up to the vehicle drivers to work sensibly and to make sure that they are leaving themselves with a significant amount of time and finance to get through the week until they are paid for once again.

 

So the next instance your trucking establishment is having some momentary cash flow troubles and you are shelling out excessive time chasing slowly paying clienteles, why not begin looking into utilizing a factoring businesses as a method to get your money and give yourself a more worry-free future in the eyes of your trucking staff and your bank balance?

 

 

 

 

 

 

 

More Factoring Truck Loads -Articles

 

 

 

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Trucking Factoring Companies Reviews

 

"

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

 

More than forty years ago Chester's father had started this business working as an owner-operator and eventually growing Williamson 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 Chester's mother had jumped into the cab at times to make hauls. His father had lived long enough to witness the price of hires drop during the recession and watch the eruption of fuel prices afterwards. Now the company was solely in Chester�s hands and he wanted to live to see it in better 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. His employees needed to be paid. 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. He knew that turning down these requests made Williamson Trucking look inefficient and weak in what was currently a strong market.

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Chester chuckled, thinking about his father. His father had been against placing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� Also his father had the habit of teasing all the drivers he caught switching into automatic even though driving in automatic was much more efficient though not manly in his father�s eyes. He knew his father's days were long gone and new technology was very important for the business, like having Qualcomm to reduce communication time for bills of lading.

 

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

 

He wondered about factoring - was this the answer for him? There was a lot he didn�t understand about the process. 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. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Chester had to really consider what his next step was going to be. Chester 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! 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 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. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He didn�t mind signing an exclusive contract. In fact, he was quite pleased with the idea of a long-term contract because he knew this was a one-off and he would not have to keep going back and forth to different companies. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. Many companies offered a non-recourse factoring program that suited him just fine. He was more than happy with the figures he was offered in percentage terms on the freight bills. It 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. Factoring was based on the credit of his customers and on their reliability which worked well for Chester because he and his father had built up good strong relationships over decades with their list of clients. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients would not have any problems, nor would they think poorly of Williamson 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.

 

Chester stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. He felt exhilarated by the new possibilities that would make the future of the company fun again and put the stress of the difficult times behind him. With the capabilities of this new cash flow, Chester could actually expand Williamson Trucking Company further across the country and perhaps even go international into Canada. His heart felt full knowing his sons wouldn�t have to worry about money because of the right decisions he had made for their trucking business.

 

"

 

 

 

 

 

 

More Trucking Factoring Companies Reviews -Articles

 

 

 

 

 

 

 

 

Glendale Factoring Companies

 

 

 

 

 

 

www.Invoicetemplate.Org

 

Trucking Invoice Factoring Companies

 

Date Published- 2014- 06-09 Freight Broker Factoring

 

"

Traditional 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. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. Plus, the amount you apply for through the bank is the actual amount that you are going to receive. Once the loan is paid off, you can then apply for another loan if the need arises.

 

Trucking Factoring Companies

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. 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 a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

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. You will not Incur Debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. This has many benefits including the fact, that this type of financing will not affect either your business credit rating or your personal credit rating. Should the unforeseeable happen and your business fails, you will not have to worry about anyone coming after your personal as well as your business assets to pay off a loan. The debt goes onto your credit report with a bank loan, with only one missed payment adversely affecting your business credit: it would also affect your ability to secure insurance, and may reflect on your personal credit rating as well.

 

2. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable are being offered for financing. This makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

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

 

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

 

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

 

Another bonus is that, because the Trucking Factoring company has evaluated the quality of your customers' credit before buying the accounts receivable, you learn valuable information regarding your customers, like which ones are likely to pay, and which ones are less likely to pay.While a Trucking Factoring company is not the only way for your business to obtain the money it needs to keep growing, it does offer a type of financing well worth considering.

 

"
www.Invoicetemplate.Org

 

 

 

best reviewed factoring companies

 

 

More Trucking Factoring Companies Reviews -Articles

 

 

 

"

Traditional 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. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. Plus, the amount you apply for through the bank is the actual amount that you are going to receive. Once the loan is paid off, you can then apply for another loan if the need arises.

 

Trucking Factoring Companies

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. 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 a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

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. You will not Incur Debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. This has many benefits including the fact, that this type of financing will not affect either your business credit rating or your personal credit rating. Should the unforeseeable happen and your business fails, you will not have to worry about anyone coming after your personal as well as your business assets to pay off a loan. The debt goes onto your credit report with a bank loan, with only one missed payment adversely affecting your business credit: it would also affect your ability to secure insurance, and may reflect on your personal credit rating as well.

 

2. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable are being offered for financing. This makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

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

 

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

 

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

 

Another bonus is that, because the Trucking Factoring company has evaluated the quality of your customers' credit before buying the accounts receivable, you learn valuable information regarding your customers, like which ones are likely to pay, and which ones are less likely to pay.While a Trucking Factoring company is not the only way for your business to obtain the money it needs to keep growing, it does offer a type of financing well worth considering.

 

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Receivable Loan

 

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