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How To Burn Off Receivables, Hour-by-Hour - Our Freight Invoice Factoring Company Can Provide Your Truck Company The Cash Your Company Needs


at medicalaccountsreceivable.org

and Indianapolis-Invoice-Factoring-Companies.medicalaccountsreceivable.org.

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Invoice Factoring is beneficial for numerous factors. It allows a trucking business to raise cash without acquiring brand-new financial obligation. While financial obligation is occasionally necessary, the majority of truck businesses would prefer to raise money without obtaining cash. Financial obligation is risky, and when it can not be repaid, possessions can be repossessed. If the financial obligation is large enough, it might even compel a freight broker firm out of business.

 

The Company Who Won the Prize For - Pick A Freight�Brokerage Factoring Company  Instead Of A Traditional Bank Financing

Exactly how to Enhance Money Flow Without Loaning -Cash Money flow is among the main reasons businesses fail.

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

Money flow does not have to be a problem any more. Do not be deceived -- banks are not the only places you can get financing. Other options are offered and you do not have to borrow. Exactly what is trucking factoring ? One solution is called truck factoring. Trucking Factoring is the process of selling accounts receivable to an investor rather than waiting to collect the cash from the customer. Oh, the Irony- Truck factoring has an ironic difference: It is the financial foundation of numerous of America's most successful businesses. Why is this paradoxical ? Because receivable loan funding is not taught in business colleges, is seldom discussed in company strategies and is fairly unidentified to bulk of most of American company individuals.

Yet it is a financial process that frees billions of dollars every year, enabling thousands of companies to grow and succeed. Factoring has actually been around for thousands of years. Receivable Funding Companies are financiers who pay cash for the right to get the future payments on your invoices. An overdue receivable or invoice has value. It is a debt your client has to pay in the near future. Factoring Principals--Although factoring offers solely 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 transactions. Utilizing the purest definition of the word, these big consumer finance business are really simply big Accounts Receivable Factoring Businesses of consumer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The store gets paid almost instantly, although you do not make payment up until you are prepared.

For this service, the charge card business charges Sears a fee (typical common normal fees range from two to 4 percent of the sale). The Advantages Invoice Factoring can provide many benefits to cash-hungry business. Rather than wait 30, 60, 90 days or longer for payment on a product that has already been delivered, a business can factor (sell) its receivables for cash at a small discount off the dollar value of the invoice. Payroll, marketing efforts, and working capital are simply a few of the company requirements that can be met with instant  cash.

Staffing Factoring offers the means for a manufacturer to replenish stock and make even more items to sell: There is no longer a requirement to await for earlier sales to be paid. Receivable Loan Financing is not simply a cash management tool for manufacturers: Practically any type company can take advantage of Staffing Factoring. Generally, a company that extends credit will have 10 to 20 percent of its yearly sales bound in accounts receivable at any given time. Think for a minute about exactly how much is bound in 60 days' worth of invoices: You can not pay the power expense or this week s payroll with a client s invoice, however you can offer that invoice for the money to meet those responsibilities. Using trucking factoring companies is a fast and simple procedure. The factor buys the invoice at a discount, typically a few percentage points less than the stated value of the invoice.

 

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The United states Trucking Organization specifies that there around 200,000  truck drivers with truck firms and 300,000 private providers trucking firms licensed to operate in America that  transported, according to their most current searchings for billions of  products, materials and basic materials . There are several  common carriers either going solo or in groups on our country roadways transferring these important products to our shops, manufacturing facilities and ports.

Furthermore truck factoring corporations aid numerous of them and offer their factoring facilities countrywide comprising including the following states.

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

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Oilfield services Receivables Financing company Calculator
This calculator will show you how much you will make by using our Oilfield services Receivables Financing company . But, as your about todiscover, youwill certainly notice the increased cash flow that will occur when you use our Oilfield services Receivables Financing company
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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. FreightCenter helps make freight shipping simple, finding you the safest, reliable trucking companies every time you ship. Our 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

 

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

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

 

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.

 

United States Trucking Companies

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.

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 JOC Top 50 Trucking Companies list, based on data prepared by SJ Consulting Group in Pittsburgh.

 

Life of a Truck driver, like many other professionals can be very challenging, rewarding, and frustrating at the same time. �The Truckers Place.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

 

 

 

 

 

The largest industry sectors by employment in Indianapolis are manufacturing, health care and social services, and retail trade.[41] Compared to Indiana as a whole, the Indianapolis metropolitan area has a lower proportion of manufacturing jobs and a higher concentration of jobs in wholesale trade; administrative, support, and waste management; professional, scientific, and technical services; and transportation and warehousing.[41]Companies[edit] Eli Lilly and Company was founded in the city in 1876. Simon Property Group Headquarters in downtown Indianapolis.Many of Indiana's largest and most recognized companies are headquartered in Indianapolis, including pharmaceutical manufacturer Eli Lilly and Company; wireless distribution and logistics provider Brightpoint; health insurance provider Wellpoint; retailers Marsh Supermarkets, Finish Line, and hhgregg Inc.; Republic Airways Holdings[42] (including Chautauqua Airlines, Republic Airlines, and Shuttle America); and REIT Simon Property Group. The U.S. headquarters of Roche Diagnostics, Conseco, First Internet Bank of Indiana, Dow AgroSciences, Emmis Communications, Steak 'n Shake, and Allison Transmission are also located in Indianapolis. Other major Indianapolis area employers include Indiana University Health, Sallie Mae, Cook Group, Rolls-Royce, Delta Faucet Company, Ice Miller, Raytheon, Carrier and General Motors.Indianapolis is a prime center for logistics and distribution facilities. It is home to a FedEx Express hub at the Indianapolis International Airport, trucking company Celadon, and distribution centers for companies such as Amazon.com, Foxconn, Finish Line, Inc., Fastenal, Target, and CVS Pharmacy.[43]Before Detroit came to dominate the American automobile industry, Indianapolis was also home to a number of carmakers, including Duesenberg, Marmon Motor Car Company, Stutz Motor Company, American Motor Car Company, Parry Auto Company,[44] and Premier Motor Manufacturing.[45] In addition, Indianapolis hosted auto parts companies such as Prest-O-Lite, which provided acetylene generators for brass era headlights and acetylene gas starters.[46]ATA Airlines (previously American Trans Air) was headquartered in Indianapolis prior to its collapse.[47]Business climate and real estate[edit]Forbes magazine ranked Indianapolis the sixth-best city for jobs in 2008, based on a combined graded balance of perceived median household incomes, lack of unemployment, income growth, cost of living and job growth.[48] However, in 2008, Indiana ranked 12th nationally in total home foreclosures and Indianapolis led the state.[49]The National Association of Home Builders and Wells Fargo ranked Indianapolis the most affordable major housing market in the U.S. for the fourth quarter of 2009.[50] That year, Indianapolis also ranked first on CNN/Money's list of the top ten cities for recent graduates.[51]In 2010, Indianapolis was rated the tenth best city for relocation by Yahoo Real Estate,[52] and tenth among U.S. metropolitan areas for GDP growth.[53]In 2011, Indianapolis ranked sixth among U.S. cities as a retirement destination,[54] as one of the best Midwestern cities for relocation,[55] best for rental property investing,[56] and best in a composite measure that considered local employment outlook and housing affordability.[57]A 2013 analysis by site selection consulting firm The Boyd Company, Inc. ranked Indianapolis as the most cost competitive market for corporate headquarters facilities in the United States.[58] Also in 2013, Indianapolis appeared on Forbes' list of Best Places for Business and Careers

 

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Torres Truck & Haul have been operating their business since the mid 1980s. For more than twenty years they've been delivering goods for most major industries in the nation, with business booming as they traversed the country, in all kinds of weather, for all kinds of clients. During the heady times from 2002 to 2007, Torres was a top rated accounts receivable mastermind of the trucking industry. Very few customers were behind on their bills, and those customers who were late turned in their overdue payments within an acceptable time frame. 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 Torres in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. Spring changed to summer, summer changed to fall, and the CEO of Torres, Bruce Terry, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. There was a growing list of clients who now owed them back debt.He had already been to the administrators to ask what the actual problem was. Were they doing things different, or wrong, when it came to collecting overdue accounts? By his bookkeepers records, this wasn't 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 Torres money had jumped ship and decided to leave him holding the bag.

 

. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Torres hadn't gone elsewhere. They had just gone home.To Bruce Terry 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. At night he would speak to his wife Kelly and shake his head in frustration.

 

""I have a bad feeling, Lin,"" he would say with deep woe.""Well, what do you think it is?"" she would ask.Bruce 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 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. What on earth was happening to create the death of his business?""I think I know what it could be,"" said Bruce. ""For way too long I've been relying solely on profits received from invoices. I've let too many of our customers go too long without paying on their bills."" Kelly would look at her husband lovingly, and holding his hand would say 'It's such a harsh economy these days and our clients must be having difficulty meeting their responsibilities'.""Bruce knew very well that Kelly was only trying to help, but his responsibilities weighed heavily on his shoulders and he knew he had better do something soon to resolve this situation.The following day Bruce walked into his office with a spring in his step, determined to call each and every client who owed money to Torres Truck & Haul. Now, it wasn't the most efficient way to spend a day as a chief executive, what he really needed to be doing was to be overseeing all of the other intricacies of shipment and delivery and reaching out to prospective clients or retraining his sales team to do the same. 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, Bruce 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 Olgaerley knocked at his door.

 

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

 

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

 

Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Bruce interrupted ""Immediately?"".""Yes, immediately,"" she continued, ""It's actually very simple. We can have an expert account manager review our numbers and help us complete a company profile. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. 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,� Bruce said. �And then what?��Following the completion of their review and once we've 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. Once we arrive at a mutual agreement, the funding begins.�Bruce was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""I don't know, Olga - it just sounds too good to be true"", Bruce said quietly.""Now, now, I know, I thought the same thing. But think about it, Bruce: they've guaranteed that experts will do all the paperwork, and that will free us up to do what we should be doing - focusing on our customers in good standing, and that kind of stuff. They appear to be very flexible, Bruce,"" she underlined a paragraph on the paper before him.""Just 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're all tapped out now with loans from the bank last year to repair vehicles, and we all know just how tight money is. It's imperative that we keep the business rolling as usual, and every day we go unpaid we're getting closer and closer to dealing with some serious issues in both the short term and the long term,"" said Bruce.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. This could very well be the answer to resolving the problems we're having with these clients who still owe us money.""Bruce took a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Torres Truck & Haul were professional resources of the company, but they were also long-standing friends. Bruce wasn't prepared to lose these relationships just because they were having financial issues at the moment. Bruce knew that the economy had taken a hit and he knew that it would probably be a long time before things started to look up again. 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 didn't want to lose any more money, but he didn't want to lose business either.""Let me go over this tonight Olga, and thankyou."" Olga nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.Bruce 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 Torres Truck & Haul with? Running his pencil down the sheet, he noted that the freight factoring company could assist with fuel costs, fuel advances, and fuel discount cards. Bruce was surprised: it said that his company could get up to fifty percent cash advances on load pickups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.""Well, I'll have to tell Ricardo about this,"" Bruce muttered to himself.Bruce's son-in-law, Ricardo, loved the idea behind Torres and highly respected his father-in-law for having such great business sense, that two years ago he got his capital together and started his own transportation company. At that time Bruce knew the struggles Ricardo would face, but he still encouraged him to follow his dream. With the economy the way it was, if an established company such as Torres was struggling then the little guys, like Ricardo, were going to be in even more trouble.

 

But, an antidote may have been found in freight factoring and Bruce 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, Bruce 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. Bruce looked back on the dismal months of life before freight factoring and almost shuddered at the thought. Had he missed the boat on this one, he probably wouldn't be in business today.

 

"

 

More Trucking Factoring Companies Story Articles

"

Factoring in the Future of a Trucking Business: A Story The phone was ringing on his desk, and Marvin Harrison just sat there letting it ring. He let his morning coffee cool and left his cigarette to ash itself in the tray, because he is trying to make the biggest decision ever for his trucking company. Harrison Trucking Company was at a turning point of growth and Marvin had to decide if signing with a factoring company was the right way forward.

 

Marvin�s father had started as an owner-operator and had grown Harrison 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 Marvin'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 Marvin�s hands and he wanted to live to see it in better shape for his sons.

 

To move Harrison Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. His employees needed to be paid. They all have families and the usual household bills. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requests for loads of agricultural and energy equipment. Every time he had to turn down a request, Harrison Trucking looked weak in a very strong market.

 

His father would have told him to wait and to take his time adding on new technology. Marvin chuckled, thinking about his father. He remembered when his father was totally against installing 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?� 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). 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.

 

Marvin knew he was right in his forward thinking. How would he take Harrison Trucking to the next level? More importantly, how could he 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. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. In return, the factoring company pays the trucking business straight away, providing immediate cash flow for the business to pay staff, purchase fuel, and do any repairs or maintenance. Without this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

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

 

But it turned out to be quite easy. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He was quite happy to sign 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 wouldn't 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. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It was good money.

 

It was really refreshing dealing with the factoring people. They were extremely helpful and more personable than the bank staff. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Marvin because he and his father had created a very strong and loyal list of clientele over the years. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients wouldn't have any problems, nor would they think poorly of Harrison 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.

 

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

 

"

 

 

 

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Trucking Factoring  Articles

�So It is not a loan?� asked Tony Hawkins, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she said.Tony 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 Alexander. His company was called Peters Trucking, named after both of his grandfathers, Dan and Frank. They had both been hardworking men, and had done a lot to make Tony the same.Six months ago disaster struck Alexander'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. Tony 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 Tony had on hand.A big problem a lot of trucking companies came across was how bills were paid in the industry. You could go a month or more before bills were completely paid off. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Tony was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he couldn't have predicted, and he had to figure out a way to keep his business from hurting, or even going under.That�s where the woman across the desk came in. Tony knew she was employed by a Factoring company and that her name was Tanya. Tony had come across her company as he sat in his office late one night, pouring over the internet for some solution to his problem long after his employees had gone home.Tanya explained. �it is really not a loan at all: we actually buy your accounts receivable. We aren�t giving you money to be paid back later, we�re buying something from you, and you can buy it back when you can. 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.Tony agreed. It sounded good to him, almost too good.The woman laughed. �I'm not sure that you believe me,� she chuckled.�No, I do, I just think it sounds a bit too good to be true. I actually thought I might end up losing my business.�Tanya smiled, agreeing. �Yes, we get a lot of that. There's no way we want to see you lose your business. We know how hard you work, and that you've invested everything in your business. We all need help sometimes. That�s what we�re here for.��In any case, thank you for coming to see me.��It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� said Tanya with a smile. �Let's work out a solution to your problem.�And with that they set about making a profile.

 

Tony filled the form out, with Tanya available to help him if he needed it. The profile filled Tanya and her company in on Alexander�s company, and would help them determine if he was suitable for factoring. In truth, not all companies were. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. As Tony completed his form, Tanya listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Tanya took it and slid it into her briefcase. Standing up, she reached over the desk and shook Alexander's hand. He also stood up, and they smiled at each other. Tony walked Tanya to the door where they said 'Goodbye', then he went back into his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He 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. Talking to Tanya though, learning about factoring, it felt like a weight had been lifted from his shoulders. He relaxed into his chair, running his hand through his thick black hair with its telling streaks of grey.The long nights, where he couldn�t sleep. The sudden panic attacks, not matter where he was. Already he could feel all the stress start to drain away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was there, he was on the right path, and he was working to make things right.His mind wandered back to the very beginning, when he first started his business. At twenty-two and straight out of school he had opened a restaurant. It had been successful. Offering home cooking in his own hometown, his business had really prospered.But it wasn't what he really wanted to do. He wasn't passionate about the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took half a year off, and in that time he thought to start Peters Trucking. And that's exactly what he did. Once again he built a company from the ground up. The business had been an instant success.And then the trucks went down, and his success looked to be in flux. He was nearing fifty. He didn�t think he had it in him, to save this company. 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 wouldn't have to - all because of Factoring. Tony opened his eyes, sat forward, turned his computer on. He had lots to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.

 

 

 

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The key reasons why Truck Agencies Work with Factoring Firms.

 

As the manager of your own company, you may well be much more than conscious already of the difficulty in making sure that cash flow issues do not become a dilemma down the line. Anyway, the most terrible thing that can possibly happen for your company is to find yourself embroiled in a long and challenging predicament that leaves you forever looking for the cash you necessitate on an continuous basis.

 

For any sort of establishment in this scenario, the dilemma can come for waiting for work to clear up and actually be brought in into your account. Bill of sales, checks, and the like can take some time to actually to beprocessed which may leave you with short-term cash flow dilemmas. Thank goodness, there are solutions out there for enterprises to examine-- and one of these is factoring firms.

 

Factoring companies will, in substitution for your statements, give you with the finances asap so that you don't have to worry about the lingering time frame that could make paying off the expenses and acquiring toolsmore difficult. With this style of system, invoice factoring can become remarkably valuable for countless establishments who ought to avoid a cash lure which they have discovered themselves in.

 

Simply because, depending on the scale of the project, it can take up to 60 days for several businesses to get compensated then it's very important to take care of your own back and definitely not leave yourself money short to settle the monthly bills. After all, how many firms have two months earnings just occupying there to pay for all their bills till they get paid?

 

This is specifically true of trucking agencies. They usually manage good deals of invoices which means a substantial amount of collection time concerns company owner themselves. Making an effort to get paid out promptly can develop into an unbelievable hassle and this is why you work with trucking factoring organizations who are pleased to help out truckers specifically.

 

As all of us determine, trucking is an remarkably huge market with numerous organizations out there utilizing hundreds of operators. Regretfully, several of these drivers land up in money problems because they are still waiting for work from six weeks earlier to actually pay them. When this is the condition for a trucking agency, turning to factoring providers for support could be the finest choice left.

 

This signifies that a trucking corporation can pay the wages of the crew, keep all the cars filled with gas and continue to surmount, progress and expand without consistently waiting for the money which is taking too prolonged to come in. Trucking Establishments functioning without a factoring program put in place are leaving themselves at critical risk, as competitors cash out fast and proceed to develop.

 

There's absolutely not much to be stressed about when it comes to making use of a Factoring business-- they usually are not like a financial institution or someone who is going to leave you with a massive pile of financial debt to repay. You give them authentic invoices from work you have already accomplished , you are merely facilitating the payment process.

 

In the United States, where trucking agencies prosper, factoring enterprises are not considered getting a loan in any capacity. This private deal then allows both parties to benefit and indulge in a worry-free future-- it provides the factoring business a guaranteed resource of profit to add to the list and it supplies the trucking company the needed funds that they worked hard to acquire.

 

The trucking company bestows their accounts to the factoring company. The trucking factoring company then acquire the installment payments from the trucking company's customers. Factoring has been all around for hundreds of years and has been adopted for several years by plenty of various business-- but none much more so than truckers. While you may lose out on a small part of the money, something like 1-3 % depending upon who you deal with, it indicates that you are acquiring the funds today and can actually start putting the money to perform.

 

After all, an IOU or an invoice is certainly not going to fund expenditures, is it? For trucking companies when the income can be very good one day and gone the next, it's up to the drivers to work sensibly and to guarantee they are leaving themselves with a considerable amount of time and money to get through the week till they are paid for once more.

 

So the next instance your trucking business is bearing some temporary capital challenges and you are spending an excessive amount of time chasing slow paying clienteles, why not start considering making use of a factoring companies as a way to get your cash and give yourself a more at ease future in the eyes of your trucking team and your bank dividend?

 

 

 

 

 

 

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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.

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 80%-95%. The amount of 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.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

While not every business can take advantage of Trucking Factoring account financing (you have to have a business that has account receivables) for those that can use this type of financing there are several distinct benefits.

 

1. There is no debt. Since the Trucking Factoring company actually buys your accounts receivable you don't actually incur debt like you do with a bank loan. This has many benefits including the fact, that this type of financing won't affect either your business credit rating or your personal credit rating. In the event that your business fails, you wouldn't 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 benefit of using a Trucking Factoring company instead of a traditional loan is that you aren't required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. 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. Receive Your Money Faster. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.

 

4.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 don't 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 don't have to worry about monthly loan repayments, and you don't have to worry about the amount of interest payable, because all the money in the account is yours to spend.

 

As you can see, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The most important benefits is that once you sell your accounts receivable to the factory company, you don't have to take time away from running your business to collect the money owed from reluctant to pay customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very 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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Invoice Factoring Companies by City

New York City
Los Angeles
Chicago
Houston
Philadelphia
Phoenix
San Antonio
San Diego
Dallas
San Jose

Austin
Jacksonville
Indianapolis
San Francisco
Columbus
Fort Worth
Charlotte
Detroit
El Paso
Memphis

Boston
Seattle
Denver
Washington DC
Nashville-Davidson
Baltimore
Louisville/Jefferson
Portland
Oklahoma City
Milwaukee

Las Vegas
Albuquerque
Tucson
Fresno
Sacramento
Long Beach
Kansas City
Mesa
Virginia Beach
Atlanta

Colorado Springs
Raleigh
Omaha
Miami
Oakland
Tulsa
Minneapolis
Cleveland
Wichita
Arlington

New Orleans
Bakersfield
Tampa
Honolulu
Anaheim
Aurora
Santa Ana
St. Louis
Riverside
Corpus Christi

Pittsburgh
Lexington Fayette
Anchorage
Stockton
Cincinnati
St. Paul
Toledo
Newark
Greensboro
Plano

Henderson
Lincoln
Buffalo
Fort Wayne
Jersey
Chula Vista
Orlando
St. Petersburg
Norfolk
Chandler

Laredo
Madison
Durham
Lubbock
Winston Salem
Garland
Glendale
Hialeah
Reno
Baton Rouge

Irvine
Chesapeake
Irving
Scottsdale
North Las Vegas
Fremont
Gilbert town
San Bernardino
Boise
Birmingham
Rochester
Richmond
Spokane
Des Moines