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Here Is a Quick way to Shore Up Your Cash Flow - Our Freight Factoring Company Can Provide
Your Trucking Company The Money You Need

factoringinformation.org

transportation factoring trucking

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freight factoring reviews

Small freight brokerage companies, particularly those who have actually not been around for very long, will typically find it tough to secure a loan. Banks are frequently hesitant to lend money to businesses that do not have a lot of earnings and possessions. They also want evidence of the viability of a business and therefore require that many operations, particularly little ones, been around for a certain quantity of time prior to they are prepared to turn over any cash. Since of this, a small company typically has few cash producing choices when requires emerge. One alternative offered, however often ignored, is invoice factoring. This is an outstanding way for a small company to get cash.

 

 

 

 

 

 

 

I gave away my receivables - and made more money too - Pick An Accounts Receivable Factoring Company Instead Of A Typical Bank Funding

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

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

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

Yet it is a monetary process that frees billions of dollars every year, allowing thousands of companies to grow and succeed. Factoring has been around for countless years. Accounts Receivable Factoring Companies are investors who pay cash for the right to receive the future payments on your invoices. An overdue 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 deals, a large percentage of the retail company uses a factoring principal. MasterCard, Visa, and American Express all utilize a form of factoring in their retail deals. Utilizing the purest meaning of the word, these large consumer finance companies are really just large Factoring Companies of consumer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The shop makes money practically instantly, although you do not pay up until you are prepared.

For this service, the credit card company charges Sears a charge (typical common normal fees range from two to four percent of the sale). The Benefits Receivable Financing can offer many benefits 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 small discount off the dollar value of the invoice. Payroll, advertising efforts, and working capital are simply a few of the business needs that can be met with instant  cash.

Factoring provides the means for a producer to renew stock and make more products to offer: There is no longer a need to await for earlier sales to be paid. Receivable Loan Financing is not simply a cash management device for producers: Almost any kind company can take advantage of Receivable Funding. Typically, a business that extends credit will have 10 to 20 percent of its yearly sales tied up in invoices at any given time. Think for a minute about exactly how much is tied up in 60 days' worth of invoices: You can not pay the power expense or this week s payroll with a customer s invoice, but you can offer that invoice for the cash to meet those obligations. Using trucking factoring companies is a quick and easy procedure. The factor purchases the invoice at a price cut, typically a couple of percentage points less than the face value of the invoice.

 

 

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The United states Trucking Association
specifies that there are about
205,000 truck drivers with transportation
companies and
250,000 personal providers trucking
firms accredited to
run in the United States that carried,
according to their newest listings of millions of
items, materials and
standard materials .
There are numerous common
providers either going solo or in
groups on our country
roadways carrying these
crucial items to our
shops, factories and harbors.

And truck factoring
corporations aid
several of them and offer their
factoring facilities
countrywidecomprising
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

 

"

Winston-Salem is a city in and the county seat of Forsyth County, North Carolina, United States. With a 2013 estimated population of 236,441, it is the second largest municipality in the Piedmont Triad region and the fourth largest city in the state. Winston-Salem is home to the tallest office building in the region, 100 North Main Street, formerly the Wachovia Building and now known locally as the Center.Winston-Salem is called the ""Twin City"" for its dual heritage and ""City of the Arts and Innovation"" for its dedication to fine arts and theater and technological research. ""Camel City"" is a reference to the city's historic involvement in the tobacco industry related to locally based Tobacco Company's popular cigarettes. Winston-Salem is also known for its traditional furniture company. Many locals refer to the city as ""Winston"" in informal speech. ""The Dash"" is referenced from the hyphen between Winston and Salem and was popularized by the nickname of the local minor league baseball team, the Winston-Salem Dash.In 2012, the city was listed among the 10 best places to retire in the U.S. by CBS MoneyWatch, is also headquartered in Winston-Salem. Wachovia Corporation was based in Winston-Salem until it merged with Corporation in September 2001; the corporate headquarters of the combined company was located in Charlotte, until it was purchased by in December 2008. PepsiCo has its Customer Service Center located in Winston-Salem.Although traditionally associated with the textile and tobacco industries, Winston-Salem is transforming itself to be a leader in the nanotech, high-tech and bio-tech fields. Medical research is a fast-growing local industry, and Wake Forest University Baptist Medical Center is the largest employer in Winston-Salem. In December 2004, the city landed a deal with Dell, Inc. providing millions of dollars in incentives to build a computer assembly plant nearby in southeastern Forsyth County. However closed its Winston-Salem facility in January 2010 due to the poor economy. A portion of downtown Winston-Salem has been designated as the Piedmont Triad Research Park for biomedical and information technology research and development

 

"

 

Watch Our Trucking Factoring Companies YouTube Videos For More Information

 

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

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

 

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.

 

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.

 

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

 

 

"

Since the mid 1980s Rivera Truck & Haul have been successfully running their freight business. 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 Rivera Truck & Haul was the mastermind of a top-rated accounts receivable in the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. Cash was flowing and times were good for all.But a short year later, in the fall of 2008, when the United States economy took a nosedive and businesses both small and large began to feel the pinch on their pocketbooks, those that used to make their demands had suddenly and largely gone silent. Business slowed down. And worse yet, Rivera 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 Rivera, Willie Day, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The number of clients who were late in their payments was continuing to grow.He had already been to the administrators to ask what the actual problem was. Were they doing something wrong or different when it came to reaching out to delinquent accounts? When checking his bookkeeper's records this was definitely not the case. He thought perhaps that he was losing clients to a competitor who offered rock-bottom prices with little to no guarantee of quality performance, and that the folks who owed Rivera money had jumped ship and decided to leave him holding the bag.

 

. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. They had just gone home.To Willie Day the situation looked desperate. 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. In the evenings he would discuss his concerns with his wife, Katherine, and still find no relief from the worry and frustration.

 

""I have a bad feeling, Lin,"" he would say with deep woe.""Well, what do you think it is?"" she would ask.Willie would stare off into the distance, and then slowly close his 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 know what it is,"" said Willie. ""I've relied too long on the profits I receive from invoices alone. For too long I've been allowing our clients to let their accounts become overdue."" Katherine would look at her husband lovingly, and holding his hand would say 'it is such a harsh economy these days and our clients must be having difficulty meeting their responsibilities'.""Willie knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds.The following day Willie walked into his office with a spring in his step, determined to call each and every client who owed money to Rivera Truck & Haul. This wasn't really a very efficient way for a Chief Executive to spend his day, and Willie knew he should be overseeing all the other sides of the business, such as shipments and deliveries, approaching prospective customers, or working with his sales team. But, he felt like he was doing something proactive to help his business, even though he had staff on salary to do just that thing. Wasting money, wasting time - even with the best of intentions, Willie knew that he was in trouble.

 

Poor Willie 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.

 

""Willie, can I have a word?"" she queried, standing in the doorway.

 

""Sure thing Jessica, come on in."" Willie relaxed back into his chair and looked up at Jessicaerley.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Willie."" She pulled a small stack of papers from a folder and set them on the desk before him.""Have you ever heard the word factoring?"" Jessicaerley 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?"" Willie interrupted.""Yes, immediately,"" she continued, ""In a nutshell, it is pretty easy. We can have an expert account manager review our numbers and help us complete a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It�s a broad view.""I see,� Willie said. �And then what?""Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. There�s a lot of flexibility depending on the business volume and credit histories. This company tells us what the cost will be to purchase factoring for our accounts receivable. We come to an agreement and the funding starts pouring out.�Willie was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Jessica,"" he said.""Now, now, I know, I thought the same thing. But really, they have guaranteed us experts that do all the legwork, which would free us up here to focus on our clients in good standing and marketing, all that good stuff. And they're flexible Willie,"" she drew a circle around a paragraph on the document before him.""How flexible?"" he asked.""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. Apparently they can figure this all out in two to four days.

 

""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,"" Willie said.Willie took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Exactly�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Willie thought about this and agreed with Jessicaerley. The clients who owed them money were long standing friends and professional resources of Rivera. Just because they were experiencing difficulties paying their own bills now, Willie was very concerned about losing these relationships. He was well aware that the economy was in a bad way and that it might be quite a while before things started picking up. 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.""Let me go over this tonight Jessica, and thankyou."" Jessica nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.Willie sat behind his desk and looked over the details Jessica had not mentioned in their meeting. What other issues could freight factoring help Rivera with? With his pencil gliding down the sheet he noticed that the factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. In fact, Rivera could receive up to fifty-percent cash advances upon load pick-ups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.""Well, I'll have to tell Anthony about this,"" muttered Willie to himself.Anthony is Willie's son-in-law, and he really admired the ideas behind Rivera, so much so that only two years before he had started his own transportation service business. At that time Willie knew the struggles Anthony would face, but he still encouraged him to follow his dream. With the faltering economy, if a big fish like Rivera was hurting, a little guy like Anthony was about to catch his death. But, an antidote may have been found in freight factoring and Willie was soon to find out.Some months later, having successfully gone through the entire process of the application, having experts study his credit history and statements and review his accounts receivable, Willie found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.They adopted reasonable factoring purchase contracts and stopped wasting their own precious time trying to collect debts. They took that time and refocused effort to offering competitive prices in new territories. Willie 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.

 

"

 

"

Winston-Salem is a city in and the county seat of Forsyth County, North Carolina, United States. With a 2013 estimated population of 236,441, it is the second largest municipality in the Piedmont Triad region and the fourth largest city in the state. Winston-Salem is home to the tallest office building in the region, 100 North Main Street, formerly the Wachovia Building and now known locally as the Center.Winston-Salem is called the ""Twin City"" for its dual heritage and ""City of the Arts and Innovation"" for its dedication to fine arts and theater and technological research. ""Camel City"" is a reference to the city's historic involvement in the tobacco industry related to locally based Tobacco Company's popular cigarettes. Winston-Salem is also known for its traditional furniture company. Many locals refer to the city as ""Winston"" in informal speech. ""The Dash"" is referenced from the hyphen between Winston and Salem and was popularized by the nickname of the local minor league baseball team, the Winston-Salem Dash.In 2012, the city was listed among the 10 best places to retire in the U.S. by CBS MoneyWatch, is also headquartered in Winston-Salem. Wachovia Corporation was based in Winston-Salem until it merged with Corporation in September 2001; the corporate headquarters of the combined company was located in Charlotte, until it was purchased by in December 2008. PepsiCo has its Customer Service Center located in Winston-Salem.Although traditionally associated with the textile and tobacco industries, Winston-Salem is transforming itself to be a leader in the nanotech, high-tech and bio-tech fields. Medical research is a fast-growing local industry, and Wake Forest University Baptist Medical Center is the largest employer in Winston-Salem. In December 2004, the city landed a deal with Dell, Inc. providing millions of dollars in incentives to build a computer assembly plant nearby in southeastern Forsyth County. However closed its Winston-Salem facility in January 2010 due to the poor economy. A portion of downtown Winston-Salem has been designated as the Piedmont Triad Research Park for biomedical and information technology research and development

 

"

 

More Trucking Factoring Companies Story Articles

"

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

 

More than forty years ago Thomas's father had started this business working as an owner-operator and eventually growing Taylor 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 Thomas'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 Thomas�s hands and he wanted to live to see it in better shape for his sons.

 

To move Taylor Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. He had employees to pay. They all have families and the usual household bills. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requests for loads of agricultural and energy equipment. He knew that turning down these requests made Taylor 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'. Thomas allowed himself a good hard chuckle. 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.

 

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

 

He wondered about factoring - was this the answer for him? 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. During those thirty days the trucking company cannot pay its employees and bills with invoices.

 

Thomas had to really consider what his next step was going to be. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. Worse still, if the customer defaulted on payment, the factoring company takes it out of the money supposedly coming to you! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His friend Ronnie who had a trucking business in Missouri, was run nearly into the ground by a factoring company that charged him the full freight bill on top of the factoring fees. He knew he would have to be very careful if he was to avoid any of these shady companies?

 

However, it all turned out to be very simple. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He was quite happy to sign an exclusive contract. He liked the idea of a long term commitment so he knew he wouldn�t have to bother going back and forth to different companies and wasting time filing more forms. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. 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 extremely helpful and more personable than the bank staff. It seemed as though those bank people spoke another language, but these factoring guys knew the trucking business and spoke to him like a client, not like a beggar for a handout. The factoring companies were not interested in his credit nor the financial problems his father had experienced in the past. Factoring was based on the credit of his customers and on their reliability which worked well for Thomas because he and his father had built up good strong relationships over decades with their list of clients. So he knew they would understand when the factoring company contacted them for the invoices. His clients would not have any problems, nor would they think poorly of Taylor Trucking, because the factoring companies handle themselves in such a polite and professional manner, similar to the way his father had managed the business in the past.

 

Feeling happier now, Thomas stepped out of his office to advise his secretary to expect to receive the contract very shortly from the factoring company. 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. With the capabilities of this new cash flow, Thomas could actually expand Taylor Trucking Company further across the country and perhaps even go international into Canada. He was a happy man again knowing that he had just made a decision which would guarantee the success of his business and his sons would not be inheriting a financial mess.

 

"

 

 

 

 

Receivablesfinancing.Net

 

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View Our Freight Factoring Videos For More Information

 

 

 

 

 

 

 

Trucking Factoring  Articles

"

�So It is not a loan?� asked Christopher Wood, reclining back into his chair and crossing his legs. The woman sitting across the desk from Christopher smiled at him, shaking her head.�No, not exactly,� she stated.Christopher Wood owned a small trucking company, and his business had recently fallen on difficult times. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Chad. His company was called Oliver Trucking, named after both of his grandfathers, Darryl and Corey. Both of these men had been very hardworking and had set a great example for Chad.Six months ago disaster struck Chad's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. Christopher 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 Christopher 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. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Christopher 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 Mildred 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.She sat there now, and explained. �It�s not a loan, we purchase your accounts receivable. we are not giving you finance to be repaid later: we are purchasing something from you, and when you can you can buy it back. That way we�re protected from a complete loss, but you�re protected from the outrageous fees you would find in a loan from the bank.Christopher nodded. It sounded good to him, almost too good.The woman laughed. �You look like you don�t believe me,� she chuckled.�Oh no, I do: it just sounds too good to be true. I actually thought I might end up losing my business.�Mildred nodded. �We get that a lot. Listen, I�d hate to see you lose your company. You work hard, you�ve put everything you can into it. We all need help sometimes. That's why we do what we do.""Well, I'm very grateful that you came to see me today.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� Mildred said with a smile. �Let�s see what we can do to help you.�And right there and then they created a business profile. Christopher filled the form out, with Mildred available to help him if he needed it. The completed profile gave Mildred and her company all the information they needed on Chad's business, and with this information they would determine if this business would in fact be suitable for Factoring. Unfortunately, not all companies are. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. As Christopher completed his form, Mildred listened to his story and she felt quite sure he would be the ideal candidate for Factoring.Mildred took the completed form and placed it in her briefcase. Standing up, she reached over the desk and shook Chad's hand. He also stood up, and they smiled at each other. They said their goodbyes and Christopher walked her to the door, and then returned to his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He leaned back and closed his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. But now, after speaking to Mildred and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He relaxed into his chair, running his hand through his thick black hair with its telling streaks of grey.All those long, sleepless nights. The sudden panic attacks, not matter where he was. He could feel it all fading 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 still here; he knew this was the right path for him, and he felt proud that he had taken the appropriate steps to sort out his problems.His mind wandered back to the very beginning, when he first started his business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been really successful. Offering home cooking in his own hometown, his business had really prospered.But he had gotten bored. He wasn't passionate about the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took six months off, and during that time he decided to create Oliver Trucking. And that's exactly what he did. For the second time in his short life he created a company from the ground up. He had been successful.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was nearing fifty. He was concerned that he just did not have the energy left to try and save the business. But giving up wasn't part of his personality either.

 

Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically sick some nights. He didn�t know how to say quit.And now it seemed as though he would not have to - all because of Factoring. Christopher opened his eyes, sat forward, turned his computer on. He had lots to do. He could be thankful later, for now, it was time to work.

 

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More Trucking Factoring Company Story Articles

Why Truck Establishments Employ Factoring Companies.

 

As the operator of your own business, you may perhaps be much more than mindful already of the challenge in making sure that cash flow concerns do not become a dilemma down the line. After all, the most terrible thing that can in all probability happen for your business is to find yourself involved in a long and hard predicament that leaves you forever searching for the cash you really need on an continuous basis.

 

For pretty much any firm in this predicament, the complication can come for waiting for work to clear up and actually be paid into your statement. Invoices, checks, and the like can take some time to actually to beprocessed which may leave you with temporary available resources difficulties. Thankfully, there are opportunities out there for industries to delve into-- and just one of these is factoring providers.

 

Factoring firms will, in trade for your statements, provide you with the resources immediately in order that you do not have to stress over the lingering phase which could make paying the expenses and obtaining materialsmore complicated. With this form of system, invoice factoring can become incredibly useful for lots of companies who need to avoid a money trap which they have gotten themselves in.

 

For the reason that, depending upon the size of the job, it can take up to 60 days for a number of businesses to get paid then it is necessary to take care of your own back and certainly not leave yourself resources short to settle the monthly bills. After all, how many firms have two months profits just occupying there to cover all their spendings until they make money?

 

This is most notably true of truck establishments. They often tend to take care of bunches of statements which means a significant amount of collection period concerns business owner themselves. Striving to get compensated in time can end up being an unbelievable trouble and this is why you make use of trucking factoring companies who are glad to help out truckers primarily.

 

As all of us understand, trucking is an exceptionally big market with a lot of firms out there employing hundreds of operators. The sad thing is, quite a few of these drivers wind up in income problems because they are still expecting work from six weeks earlier to actually compensate them. When this is the case for a trucking agency, consulting factoring companies for aid maybe the ideal choice left.

 

This indicates that a truck firm can pay the paychecks of the workers, keep all the cars refilled with gas and continue to surmount, thrive and expand without continually waiting for the income which is taking too long to come in. Trucking Enterprises working without a factoring system applied are leaving themselves at considerable hazard, as contenders cash out rapidly and carry on to expand.

 

There's honestly nothing at all to be distressed about when it comes to using a Factoring agency-- they are not like a banking company or a person who is going to leave you with a huge mass of financial debt to pay back. You give them authentic invoices from job you have already finished , you are simply quickening the repayment process.

 

In the Usa, where truck enterprises prosper, factoring agencies are not considered borrowing in any capacity. This private agreement then makes it possible for both parties to profit and enjoy a comfortable future-- it gives the factoring firm a warranted resource of revenue to put into the list and it provides the trucking business the required finances that they sweated to generate.

 

The trucking enterprise provides their invoices to the factoring firm. The trucking factoring company then obtain the payments from the trucking company's customers. Factoring has been in existence for centuries and has been adopted for several years by several different sectors-- but none more so than truckers. While you may well lose out on a small part of the money, something like 1-3 % depending upon who you work with, it indicates that you are obtaining the finances today and can actually begin setting the cash to perform.

 

Once and for all, an IOU or an invoice is not going to cover spendings, is it? For trucking firms when the income can be fantastic one day and gone the next, it is up to the drivers to work sensibly and to make certain they are leaving themselves with a substantial amount of time and finance to get through the week till they are paid for once again.

 

So the next moment your trucking company is enduring some temporary cash flow problems and you are investing excessive time chasing sluggish paying clienteles, why not start off thinking of making use of a factoring companies as a manner to get your money and give yourself a more pleasant future in the eyes of your trucking personnel and your bank dividend?

 

 

 

 

 

 

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Traditional Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. These loans can be a life-saver, but they're not always 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. 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.

 

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. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. The Trucking Factoring company purchases your accounts receivable, or part of them, for a certain percentage of their value - this is normally about 80-95%. The amount of money you can receive is based on the amount of money you have earned and the accounts receivable you are willing to �sell.� Once 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. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. 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. In the event that your business fails, you would not have to be concerned about someone coming after your personal or your business assets in order 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 makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

3. You'll receive the money faster. Using a Trucking Factoring company means that you'll get the finance quicker. 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. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.

 

4.Interest is Paid Up Front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So you do not have to worry about monthly loan repayments, and you do not have to worry about the amount of interest payable, because all the money in the account is yours to spend.

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The main benefit is that once you've sold your accounts receivable to the Trucking Factoring company, you are free from having to collect money owed by your customers. The Trucking Factoring company takes over that chore, since it is now their money to collect. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.A Trucking Factoring company is not the only method of gaining access to finance for the running and growing of your business, however it does offer a financing option well worth considering.

 

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