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Profits That Lie Hidden In Your Company - Our Truck Factoring Company Can Provide
Your Trucking Company The Money You Want

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Small truck companies, especially those who have actually not been in existence for very long, will frequently find it tough to protect a loan. Banks are often hesitant to provide cash to businesses that do not have a lot of income and possessions. They also desire proof of the viability of a company and therefore need that many operations, especially small ones, be in business for a certain quantity of time before they are prepared to turn over any cash. Because of this, a small company frequently has a couple of money generating alternatives when needs emerge. One choice available, but typically overlooked, is receivable Financing. This is an exceptional means for a medium-size company to obtain cash.

 

 

 

 

 

 

 

This is Marie Antoinette - Escaping - Select The Best Factoring Company Instead Of A Regular Bank Funding

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

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

Money flow does not have to be a problem any more. Do not be deceived -- banks are not the only locations you can get financing. Other options are offered and you do not have to borrow. Exactly what is truck factoring ? One solution is called truck factoring. Truck Factoring is the procedure of offering invoices to a financier rather than waiting to gather the money from the customer. Oh, the Irony- Truck factoring has an ironic distinction: It is the financial backbone of numerous of America's most successful companies. Why is this paradoxical ? Because trucking factoring is not instructed in business colleges, is seldom mentioned in business plans and is relatively unknown to bulk of most of American company individuals.

Yet it is a financial process that releases up billions of dollars every year, enabling thousands of companies to grow and prosper. FACTORING has been around for countless years. Receivable Loan Funding Businesses are financiers who pay money for the right to receive the future payments on your invoices. An unpaid receivable or invoice has value. It is a financial obligation your customer has actually to pay in the near future. Factoring Principals--Although factoring deals solely with business-to-business deals, a large percentage of the retail business utilizes a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail deals. Utilizing the purest meaning of the word, these big customer finance companies are truly simply big Receivable Loan Financing Businesses of customer paper. Consider it: You purchase at Sears and charge it to your MasterCard. The shop gets paid almost instantly, even though you do not make payment until you are prepared.

For this service, the charge card business charges Sears a charge (typical common normal fees range from 2 to four percent of the sale). The Advantages Factoring can provide many benefits to cash-hungry companies. Rather than wait 30, 60, 90 days or longer for payment on an item that has actually already been delivered, a business can factor (sell) its receivables for cash at a little discount off the amount of the invoice. Payroll, advertising efforts, and working capital are simply a few of the business needs that can be met with instant  cash.

Trucking Factoring provides the means for a producer to replenish stock and make more items to sell: There is no longer a requirement to await for earlier sales to be paid. FACTORING is not simply a money management device for producers: Almost any type business can benefit from Receivable Loan Financing. Typically, a company that extends credit will have 10 to 20 percent of its yearly sales bound in invoices at any given time. Think for a minute about exactly how much is tied up in 60 days' worth of invoices: You can not pay the power expense or this week s payroll with a client s invoice, but you can offer that invoice for the money to satisfy those obligations. Using trucking factoring companies is a fast and easy procedure. The factoring company purchases the invoice at a price cut, typically a few percentage points less than the face value of the invoice.

 

 

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The American Trucking Association
specifies that there are about
205,000 truck drivers with transportation
businesses and
250,000 personal service providers trucking
firms licensed to
run in America that transferred,
according to their most current listings of millions of
products, supplies and
standard materials .
There are several common
carriers either going solo or in
groups on our nation
roadways transporting these
important products to our
stores, manufacturingplants and shipping ports.

Moreover freight factoring
businesses aid
countless of them and offer their
factoring services
nationallycounting
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

 

 

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Cleveland is the second-largest city in Ohio and the seat of Cuyahoga County. It is located in the northeast part of the state on Lake Erie. In the colonial era, the Cleveland area was known as the Connecticut Western Reserve, part of a land grant made to Connecticut by King Charles II in 1662. The city was founded in 1796 by Gen. Moses Cleaveland, who was the head surveyor of the Connecticut Land Company. This company had bought 3 million acres in what is now northern Ohio. A permanent settlement was founded in 1799, named after the general, and the spelling was shortened to Cleveland. The city was incorporated in 1836.Cleveland's industrial growth was stimulated by the opening of the Ohio and Erie canals in 1832 and, later, by the advent of the Civil War, with the increasing demand for machinery, railroad equipment, ships, and other items. Today, the port of Cleveland is the largest overseas general cargo port on Lake Erie. Greater Cleveland has long been famous as a durable goods manufacturing area. Following the national trend, however, Cleveland has been shifting to a more services-based economy. Greater Cleveland is a world corporate center for leading national and multinational companies in industries ranging from transportation, insurance, retailing, and utilities, to commercial banking and finance.The city's cultural attractions include the Cleveland Museum of Art and the Cleveland Orchestra, one of the country's most highly acclaimed symphony orchestras. Jacobs Field, a major league ballpark, and the Rock & Roll Hall of Fame also draw thousands of visitors to the cityCleveland's geographic location on the Cuyahoga River and Lake Erie has been key to its growth. The Ohio and Erie Canal coupled with rail links helped establish the city as an important business center. Steel and many other manufactured goods emerged as leading industries.The city diversified its economy in addition to its manufacturing sector.In 2007, Cleveland's commercial real estate market experienced rebound with a record pace of purchases, with a housing vacancy of 10%. Downtown Cleveland from the Superior Viaduct.The Cleveland Clinic is the city's largest private employer with a workforce of over 37,000 as of 2008. It carries the distinction as being among America's best hospitals with top ratings published in & World Report. Cleveland's healthcare sector includes University Hospitals of Cleveland, a renowned center for cancer treatment, and MetroHealth medical center. Cleveland is also noted in the fields of biotechnology and fuel cell research, led by Case Western Reserve University, the Cleveland Clinic, and University Hospitals of Cleveland. Cleveland is among the top recipients of investment for biotech start- and research. Case Western Reserve, the Clinic, and University Hospitals have recently announced plans to build a large biotechnology research center and incubator on the site of the former Mt. Sinai Medical Center, creating a research campus to stimulate biotech startup companies that can be spun off from research conducted in the city. NASA's Glenn Research Center is adjacent to Cleveland Hopkins International Airport.City leaders promoted growth of the technology sector in the first decade of the 21st century. Mayor l appointed a ""tech czar"" to recruit technology companies to the downtown office market, offering connections to the high-speed fiber networks that run underneath downtown streets in several ""high-tech offices"" focused on the Euclid Avenue area. Cleveland State University hired a technology transfer officer to cultivate technology transfers from CSU research to marketable ideas and companies in the Cleveland area, and appointed a vice president for economic development. Case Western Reserve University participated in technology initiatives such as the OneCommunity project, a high-speed fiber optic network linking the area's research centers intended to stimulate growth. In mid-2005, Cleveland was named an Intel ""Worldwide Digital Community"" along with Corpus Christi, Texas, Philadelphia, Pennsylvania, and Taipei. This added about $12 million for marketing to expand regional technology partnerships, created a city-wide Wi-Fi network, and developed a tech economy. In addition to this Intel initiative, in January 2006 a New York-based think tank, the Intelligent Community Forum, selected Cleveland as the sole American city among its seven finalists for the ""Intelligent Community of the Year"" award. The group announced that it nominated the city for its OneCommunity network with potential broadband applications. OneCommunity collaborated with Cisco Systems to deploy a wireless network starting in September 2006

 

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

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.

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.

 

The largest trucking companies in the U.S. set a revenue record in 2013, but revenuegrowth slowed for the second year in a row.

The combined revenue of the 50 largest motor carriers rose to $106.6 billion last year, according to The Top 50 Trucking Companies list, based on data prepared by Consulting Group in Pittsburgh.

 

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.

 

 

"

Since the mid 1980s Garcia 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 heady times from 2002 to 2007, Garcia 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. Cash was flowing and times were good for all.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 down. Worse still, it was noticed by Garcia in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. And as spring turmed to summer and summer into the early days of fall, Steven Ellis, CEO of Garcia felt a chill go down his spine whenever he would look at the weekly A/R reports. There was a growing list of clients who now owed them back debt.He had gone to his administrators and asked them what the problem had been. Were they doing things different, or wrong, when it came to collecting overdue accounts? When checking his bookkeeper's records this was definitely not the case. 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. They could not afford to pay him their debt, but they could afford a lesser service, maybe. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. The had just gone!.To Steven Ellis the situation looked desperate. Steven was very concerned, because there were constant overheads, goods to ship, employees to pay, and trucks which needed to be maintained, but there just wasn't the money coming back into the business. After work he would confide in his wife, Carol, and neither were unable to stop the constant worry over the lack of funds.""I have a bad feeling, Lin,"" he'd sadly say to his wife.""Well, what do you think it is?"" she would ask.Steven would stare off for a moment and then close eyes. He could see the fleet of trucks he had purchased over the years. He could see them on the road, delivering good to all his loyal customers. But then a haze would cover his trucks and his vast fleet would vanish to leave just a few. Why couldn�t he work out how to resolve this financial problem with his business?""I know what it is,"" Steven said. ""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."" Linda could only grab her husband's hand and look at him lovingly, ""it is a hard economy. It might be awhile until things get settled up.

 

""Steven 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 Steven walked into his office with a spring in his step, determined to call each and every client who owed money to Garcia Truck & Haul. This wasn't really a very efficient way for a Chief Executive to spend his day, and Steven knew he should be overseeing all the other sides of the business, such as shipments and deliveries, approaching prospective customers, or working with his sales team. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. Wasting money, wasting time - even with the best of intentions, Steven knew that he was in trouble.

 

After a half day of contacting debtors in vain - they dodged his calls or promised to call back at worst or made minimal interest-only payments at best - he was about to throw in the towel when his secretary Courtneyerley knocked at his door.

 

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

 

""Sure thing Courtney, come on in."" Steven leaned back in his chair and looked expectantly at Courtneyerely.""Well Steven, this afternoon I did some research, trying to work out how we are going to get out of this mess."" 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?"" Courtneyerley asked.""It sounds vaguely familiar. What is factoring""? he asked.She began, ""Well, it is really very simple. Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Immediately?"" Steven interrupted.""Yes, immediately,"" she continued, ""it is actually very simple. We can have an expert account manager review our numbers and help us complete a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. Additionally, the factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It provides a very broad view.""I see,� Steven said. �And then what?""Following the completion of their review and once we have been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. There�s a lot of flexibility depending on the business volume and credit histories. The company will advise us the cost to purchase factoring for our company's accounts receivable. The funding commences once we�ve arrived at an agreement.�Leaning forward, Steven studied the documents very closely.""It sounds too good to be true, Courtney,"" 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. They appear to be very flexible, Steven,"" she drew a circle around a paragraph on the document before him.""How flexible?"" asked Steven.""It seems that they personalize their factoring charges so that the amount they're prepared to work with is commensurate with our client's debt and our needs. Apparently they can figure this all out in two to four days.

 

""It does all sound pretty good, remembering that we 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,"" Steven said.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Steven took a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Garcia Truck & Haul were professional resources of the company, but they were also long-standing friends. They did not want to throw away these relationships because they were having trouble paying their bills now. 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. That unknown amount of time could create a disaster situation for both of them if he wasn't careful in how these debtors were handled. 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 Courtney, and thankyou."" Courtney nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Steven keep the shirt on his back, and possibly hers too.Steven stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. He wondered if there might be other problems freight factoring could help Garcia Truck & Haul 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. Steven was surprised: it said that his company could get up to fifty percent cash advances on load pickups. Steven 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.""I must tell Erik the good news,"" muttered Steven to himself.His son-in-law Erik had liked the idea of Garcia so much and revered his father in law for having such business acumen that only two years before, he had gathered the venture capital to begin his own transportation service company. Steven knew then what struggles Erik would face but he encouraged him nonetheless. With the economy the way it was, if an established company such as Garcia was struggling then the little guys, like Erik, were going to be in even more trouble.

 

But, an antidote may have been found in freight factoring and Steven 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, Steven 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 used that time to refocus their efforts in being competitive in new territories. Steven 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.

 

"

 

 

More Trucking Factoring Companies Story Articles

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

 

Jason�s father had started as an owner-operator and had grown Lee Trucking Company into a fifteen trailer fleet over forty years. Yes, they had survived some very difficult times when it appeared like they might go under, and even Jason's mother had jumped into the cab at times to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. But now things were different: the company was in Jason's hands and he needed to ensure that this business would be left in great shape for his sons.

 

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

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Jason allowed himself a good hard chuckle. He remembered when his father was totally against installing GPS units in the cabs. He would say, �Why do you need the voice of some woman to tell you to get off at an exit that has been the same exit that has been there for years?� He smiled to himself as he remembered his father poking fun at the other drivers who switched to automatic, even though automatic was quite obviously more efficient (though less manly). His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.

 

Jason believed a successful man is always thinking of his next step. What would be the next step for Lee 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.

 

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

 

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

 

But it turned out to be quite easy. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. 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. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a 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 was good money.

 

For Jason it was quite a relief to be dealing with the factoring company. They were more personable than those loan managers at the bank. It seemed as though those bank people spoke another language, but these factoring guys knew the trucking business and spoke to him like a client, not like a beggar for a handout. The factoring companies were not interested in his credit nor the financial problems his father had experienced in the past. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Jason because he and his father had created a very strong and loyal list of clientele over the years. 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 Lee 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, Jason stepped out of his office to advise his secretary to expect to receive the contract very shortly from the factoring company. He felt exhilarated by the new possibilities that would make the future of the company fun again and put the stress of the difficult times behind him. With the capabilities of this new cash flow, Jason could actually expand Lee 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.

 

 

 

 

 

 

 

 

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Trucking Factoring  Articles

"

�So, this is not a loan?� asked Dan Sims, reclining back into his chair and crossing his legs. The woman sitting across the desk from Dan smiled at him, shaking her head.�Not quite,� she stated.Dan was the owner of a small trucking company which had fallen on some hard times recently. Trucking could be a profitable business, and for a little under a decade, it had been for Julian. He named his business Rodriquez Trucking, named after Victor and Clifton, his two grandfathers. Both of these men had been very hardworking and had set a great example for Julian.Six months ago disaster struck Julian'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. Dan depended on his full fleet, and missing two trucks was 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.Dan wasn�t a bad owner, and he hadn�t messed up. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.And that's why he found himself across the desk from this woman. Dan knew she was employed by a Factoring company and that her name was Anita. 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.Anita 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. 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.Dan agreed. It sounded good to him, almost too good.Anita laughed. �You look like you don�t believe me,� she chuckled.�Oh no, I do: it just sounds too good to be true. I thought I was going to lose my company.�Anita nodded. �We get that a lot. There's no way we want to see you lose your business. You work hard, you�ve put everything you can into it. Sometimes you need help. That�s what we�re here for.""In any case, thank you for coming to see me.""No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� Anita said with a smile. �Let�s see what we can do to help you.�And right there and then they created a business profile. Dan completed the form, with Anita offering advice as needed.

 

The profile filled Anita and her company in on Julian�s company, and would help them determine if he was suitable for factoring. Unfortunately, not all companies are. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. Listening as Dan filled out his form, Anita was pretty sure he was a perfect candidate for factoring.Anita took the completed form and placed it in her briefcase. She then stood, reached across the desk and shook Julian�s hand. He stood before they shook as well, and then smiled. They said their goodbyes and Dan walked her to the door, and then returned to 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 had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. But now, after speaking to Anita and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He relaxed into his chair, running his hand through his thick black hair with its telling streaks of grey.All those long, sleepless nights. The terrifying panic attacks that occurred regardless of where he was. He could feel it all fading away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was still here; he knew this was the right path for him, and he felt proud that he had taken the appropriate steps to sort out his problems.Dan 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 he had gotten bored. He wasn't passionate about the food industry. He thought long and hard, and then he decided to sell the restaurant. He took half a year off, and in that time he thought to start Rodriquez Trucking. And that's exactly what he did. For the second time in his short life he created a company from the ground up. The business had been an instant success.And then the trucks went down, and his success looked to be in flux. He was 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. Julian's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. He could be thankful later, for now, it was time to work.

 

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More Trucking Factoring Company Story Articles

Reasons why Truck Agencies Use Factoring Firms.

 

As the manager of your own business, you may be more than knowledgeable already of the challenge in making certain that capital matters do not become a predicament down the line. Anyway, the most unfortunate thing that can possibly occur for your enterprise is to find yourself embroiled in a long and challenging predicament that leaves you forever trying to find the funds you necessitate on an on-going basis.

 

For any kind of establishment in this scenario, the issue can come for waiting for work to lapse and actually be provided into your statement. Invoices, checks, and the like can take a while to actually to beprocessed which may leave you with short-term available resources dilemmas. Thankfully, there are alternatives out there for businesses to look into-- and among these is factoring companies.

 

Factoring agencies will, in substitution for your statements, provide you with the funds asap so you do not need to worry about the delaying duration that could make paying off the bills and obtaining materialsmore challenging. With this sort of arrangement, invoice factoring can come to be exceptionally helpful for plenty of businesses who have to avoid a cash pitfall which they have found themselves in.

 

Because, depending on the volume of the job, it can take up to 60 days for several establishments to get paid then it is crucial to blanket your own back and definitely not leave yourself funds short to pay the expenses. After all, how many firms have two months profits just lying there to address all their expenditures until they get paid?

 

This is especially true of truck enterprises. They often manage lots of invoices which means a significant amount of collection time demands company owner themselves. Attempting to get paid off promptly can turn into an amazing inconvenience and this is the key reasons why you employ truck factoring organizations who are happy to help out truckers exclusively.

 

As most of us determine, trucking is an exceptionally large market with numerous organizations out there employing hundreds of vehicle drivers. Regrettably, several of these drivers wind up in money problems for the reason that they are still waiting on work from six weeks back to actually pay them. When this is the condition for a truck firm, resorting to factoring companies for assistance may be the most suitable option left.

 

This implies that a truck business can pay the salaries of the personnel, keep all the trucks filled with gas and continue to surmount, thrive and expand without constantly waiting for the resources which is taking too prolonged to come in. Trucking Business enterprises running without a factoring program put in place are leaving themselves at significant threat, as competitors cash out quickly and go on to develop.

 

There's absolutely nothing to be worried about when it comes to using a Factoring firm-- they are not like a banking company or somebody who is going to leave you with a considerable stack of debt to pay back. You give them authentic invoices from output you have already completed , you are only facilitating the payment system.

 

In the Usa, where truck enterprises grow, factoring establishments are not considered getting a loan in any capacity. This private contract then enables both groups to profit and delight in a convenient future-- it gives the factoring agency a secured asset of money to add to the list and it furnishes the trucking company the needed funds that they worked hard to earn.

 

The trucking company provides their accounts to the factoring enterprise. The trucking factoring agency then receive the payment amounts from the trucking company's clients. Factoring has been all around for hundreds of years and has been adopted for many years by many varying business sectors-- but none more so than truckers. While you might possibly miss out on a small part of the money, something like 1-3 % depending on who you partner with, it signifies that you are receiving the finances today and can actually start setting the cash to do work.

 

Once and for all, an IOU or an invoice is not actually going to finance costs, is it? For trucking enterprises when the resources can be really good one day and gone the next, it is up to the vehicle drivers to work prudently and to make certain they are leaving themselves with a considerable quantity of time and finance to get through the week up until they are compensated again.

 

So the next period your trucking enterprise is having some temporary capital dilemmas and you are putting in excessive time chasing inactive paying clients, why not start off looking into employing a factoring businesses as a method to get your money and give yourself a more comfortable future in the eyes of your trucking personnel and your bank balance?

 

 

 

 

 

 

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Traditional Bank Loans

 

Bank loans are an extremely traditional way for a business to get financing. While these loans are handy they are not available to every business. 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. Of course, once that loan has been re-paid, you can always re-apply for another loan.

 

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. 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 you have set up Trucking Factoring account it continues as long as you wish it too and the amount of money available to you even can grow as your business grows, giving you the ready cash you need to meet your own obligations.

 

What Are The Benefits Of A Trucking Factoring Company Versus A Traditional Bank Loan?

 

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

 

1. 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. 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. 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 great benefit of using the services of a Trucking Factoring company instead of a bank loan is that there is no collateral required for the Trucking Factoring company, because the Trucking Factoring company is buying your accounts receivables. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. This means that it is easier for new businesses to access the finance they need through a Trucking Factoring company, providing their accounts receivable are in good order. A bank may believe you haven't been in business long enough to be able to cover this risk.

 

3. Receive Your Money Faster. With a Trucking Factoring company you can actually get the money you need faster. 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. 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. The Trucking Factoring company takes over that chore, since it is now their money to collect. Trucking Factoring companies are very efficient at debt collecting, and this frees up your valuable time to devote to running your company.

 

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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