Home page

My Company has 9 New Products - Imagine - Our Trucking Factoring Companies Can Give Your Trucking Company The Cash Your Company Needs


at medicalaccountsreceivable.org

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

best trucking factoring factoring for trucking companies freight invoice factoring factoring for trucking

 

Small freight companies, especially those who have actually not been around for extremely long, will commonly find it hard to protect a loan. Banks are frequently hesitant to provide cash to companies that don't have a great deal of income and possessions. They likewise want evidence of the practicality of a business and thus need that the majority of operations, particularly small ones, be in company for a certain quantity of time prior to they are willing to turn over any cash. Due to the fact that of this, a medium-size company typically has few money producing choices when needs emerge. One alternative offered, however commonly neglected, is factoring. This is an excellent way for a small business to acquire money.

 

Is The Life of a Receivable Worth $1 to You - Choose A Factoring Company Instead Of A Traditional Bank Financing

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

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

Money flow does not have to be a problem any more. Do not be fooled -- banks are not the only locations you can get financing. Other solutions are offered and you do not have to borrow. Exactly what is truck factoring ? One solution is called trucking factoring. Trucking Factoring is the procedure of offering accounts receivable to an investor rather than waiting to collect the cash from the client. Oh, the Irony- Truck factoring has a paradoxical distinction: It is the financial foundation of many of America's most effective businesses. Why is this ironic ? Because receivable loan funding is not taught in business colleges, is rarely mentioned in company strategies and is fairly unidentified to bulk of most of American company individuals.

Yet it is a monetary process that releases up billions of dollars every year, allowing countless businesses to grow and succeed. Trucking Factoring has actually been around for countless years. Commercial Factoring Companies are investors who pay cash for the right to get the future payments on your invoices. An unpaid receivable or invoice has value. It is a debt your client has actually to pay in the near future. Factoring Principals--Although factoring offers solely with business-to-business deals, a large portion of the retail business uses a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail deals. Using the purest meaning of the word, these big customer finance companies are really just big FACTORING Companies of consumer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The store gets paid practically immediately, even though you do not make payment up until you are ready.

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

Receivable Funding offers the means for a producer to replenish stock and make even more items to offer: There is no longer a need to wait for earlier sales to be paid. FACTORING is not just a cash management tool for producers: Almost any kind business can take advantage of Trucking 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 tied up in 60 days' worth of invoices: You can not pay the power bill or today s payroll with a client s invoice, however you can sell that invoice for the cash to satisfy those obligations. Using truck factoring companies is a fast and easy process. The factoring company buys the invoice at a price cut, usually a couple of percentage points less than the stated value of the invoice.

 

Please call our
truck factoring specialists at
1 - 866 - 593 - 2195 
or

E-mail Us
or complete the
OnLine
Trucking Factoring Request Kind

 

 



 

 

The U.s. Truck Association specifies that there are about 195,000  employees with freight trucking businesses and 250,000 private service providers trucking companies certified to operate in America that  transported, according to their newest searchings for billions of  products, materials and basic products . There are numerous  usual carriers either going solo or in teams on our nation highways transporting these vital products to our shops, factories and ports.

Plus trucking factoring businesses support countless of them and offer their factoring services countrywide counting 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

laredo-invoice-factoring-companies

 

Watch Our Truck Factoring Companies YouTube Videos For More Information

 

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

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

 

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

 

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

 

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.

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

 

 

 

 

 

Laredo is the county seat of Webb County, Texas, United States, located on the north bank of the Rio Grande in South Texas, across from Nuevo Laredo, Tamaulipas, Mexico. According to the 2010 census, the city population was 236,191 making it the tenth most populous city in the state of Texas and 3rd most populated on the United States-Mexican border, after San Diego and El Paso.[6] Its metropolitan area is the 178th-largest United States metropolitan area and covers all of Webb county, with a population of 250,304.[6] Laredo is part of the Laredo-Nuevo Laredo Metropolitan Area with an estimate population of 636,516.[7]Laredo's economy is based on international trade with Mexico. Most major transportation companies have a facility in Laredo. The city's location on the southern end of I-35 close to the manufacturers in northern Mexico promotes its vital role in trade between the two nations. Laredo International Airport is within the Laredo city limits, while the Quetzalcoatl International Airport is nearby in Nuevo Laredo on the Mexican side.Laredo has the distinction of flying seven flags (the Flag of the Republic of the Rio Grande in addition to the Six Flags of Texas). Founded in 1755, Laredo grew from a villa to the capital of the brief Republic of the Rio Grande to the largest inland port on the United States-Mexican Border. Today, it has four international bridges and one railway bridge.Laredo has a professional soccer team, the Heat; baseball team, the Laredo Lemurs; and a women's full contact football team, the Laredo Roses. Texas A&M International University and Laredo Community College are located in Laredo.The biggest festival, Washington's Birthday Celebration is held all month long during February, attracting hundreds of thousands of tourists. The Jalape�o Festival, Border Beer Fest, Stockmen's Ball, Princess Pocahontas Pageant, Mr. South Texas Luncheon, an air show, and two major parades are all held in conjunction with the Washington's birthday events.

 

"

Knight 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 boom times from 2002 to 2007 Knight Truck & Haul was the mastermind of a top-rated accounts receivable in the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. Cash was flowing and times were good for all.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 Knight 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 Knight, Calvin Perez, 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 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. 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 Knight hadn't gone elsewhere. They had just gone home.This current state-of-affairs was causing Calvin Perez to have some very restless nights. There were goods to ship, employees to pay, trucks to repair and maintain, and continuous overheads that were very extensive when compared to the funds (or lack of) that were incoming. After work he would confide in his wife, Gail, 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.Calvin 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 somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. What could cause this ultimate death spiral of business?""I think I know what it could be,"" Calvin said. ""For way too long I've been relying solely on profits received from invoices. I've let too many of our customers go too long without paying on their bills."" Linda could only grab her husband's hand and look at him lovingly, ""It's a hard economy. It might be awhile until things get settled up.

 

""Calvin 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 next day Calvin strolled into his office and was determined to sit down and make every phone call to every client who had owed Knight money. Now, it wasn't the most efficient way to spend a day as a chief executive, what he really needed to be doing was to be overseeing all of the other intricacies of shipment and delivery and reaching out to prospective clients or retraining his sales team to do the same. But, he felt like he was doing something proactive to help his business, even though he had staff on salary to do just that thing. Wasting money, wasting time - even with the best of intentions, Calvin knew that he was in trouble.

 

Poor Calvin spent the whole morning trying in vain to contact his debtors: they promised to call back, dodged his calls, or made small interest-only payments. He was beginning to feel quite despaired when his secretary knocked on his door.

 

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

 

""Sure thing Shirley, come on in."" Calvin relaxed back into his chair and looked up at Shirleyerley.""Well Calvin, this afternoon I did some research, trying to work out how we're 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?"" Shirleyerley asked.""It does sound vaguely familiar. What is factoring""? he asked.""Well,"" she began, ""It�s actually quite simple really.

 

So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Calvin 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. 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,� Calvin said. �And then what?��Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.

 

The company will advise us the cost to purchase factoring for our company's accounts receivable. We come to an agreement and the funding starts pouring out.�Calvin was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Shirley,"" he said.""Now, now, I know, I thought the same thing. But think about it, Calvin: they've guaranteed that experts will do all the paperwork, and that will free us up to do what we should be doing - focusing on our customers in good standing, and that kind of stuff. And they're flexible Calvin,"" she drew a circle around a paragraph on the document before him.""How flexible?"" asked Calvin.""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're all tapped out now with loans from the bank last year to repair vehicles, and we all know just how tight money is. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" said Calvin.Calvin took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Precisely�. This could very well be the answer to resolving the problems we're having with these clients who still owe us money.""Calvin thought about this and agreed with Shirleyerley. The clients who owed them money were long standing friends and professional resources of Knight. Just because they were experiencing difficulties paying their own bills now, Calvin was very concerned about losing these relationships. He was well aware that the economy was in a bad way and that it might be quite a while before things started picking up. If he didn't handle these debtors in the right way, that unknown amount of time could spell disaster for all of them. Of course he didn't want to lose any more money, but he didn't want to lose business either.""Well, let me think about this tonight Shirley, thank you."" Shirley nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.Calvin sat behind his desk and looked over the details Shirley had not mentioned in their meeting. He wondered if there might be other problems freight factoring could help Knight 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. In fact, Knight could receive up to fifty-percent cash advances upon load pick-ups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.""I must tell Jessie the good news,"" muttered Calvin to himself.Calvin's son-in-law, Jessie, loved the idea behind Knight 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 Calvin knew the struggles Jessie would face, but he still encouraged him to follow his dream. With the economy the way it was, if an established company such as Knight was struggling then the little guys, like Jessie, were going to be in even more trouble.

 

But, an antidote may have been found in freight factoring and Calvin was soon to find out.A few months later after going through the entire application process and having the experts review his accounts receivable, credit history and statements, Calvin found himself beginning to dig his way out of the hole his delinquent account holders had created for him.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They used that time to refocus their efforts in being competitive in new territories. Calvin recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. He probably wouldn't be in business today had he not learned just in time about freight factoring.

 

"

 

More Trucking Factoring Companies Story Articles

Factoring in the Future of a Trucking Business: A Story The phone was ringing on his desk, and Willie Rivera 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. Rivera Trucking Company was at a turning point of growth and Willie had to decide if signing with a factoring company was the right way forward.

 

More than forty years ago Willie's father had started this business working as an owner-operator and eventually growing Rivera Trucking Company into a fifteen trailer fleet. There had been some hard times when it seemed everything was going to go under and even Willie�s mother strapped herself into a cab 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. But now things were different: the company was in Willie's hands and he needed to ensure that this business would be left in great shape for his sons.

 

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

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Willie allowed himself a good hard chuckle. His father had been against placing GPS units in the cabs. He would say, �Why do you need the voice of some woman to tell you to get off at an exit that has been the same exit that has been there for years?� Also his father had the habit of teasing all the drivers he caught switching into automatic even though driving in automatic was much more efficient though not manly in his father�s eyes. 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.

 

Willie knew he was right in his forward thinking. How would he take Rivera Trucking to the next level? And how would he be able to afford it? Funding was all tied up in the mortgage for the office and garage and in the fuel bills. Thankfully he'd just finished paying off the bank loan for the installation of satellite radio in the trucks.

 

But was factoring the answer? If he was being honest, he didn't really understand how it all worked. 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 the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Willie had to really consider what his next step was going to be. Willie had heard that there were companies that charged for same day money transfers and would only advance a percentage of the money owed to your company while holding the rest in a private account if they didn�t get their bill payment within 60 or so days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! He'd even heard about some companies putting you onto a sliding percentage scale regardless of any previously signed contracts for possibly 3% or 7%, and there you are now with 10% coming as a charge to you out of the freight bill. His 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. He knew he would have to be very careful if he was to avoid any of these shady companies?

 

But it turned out to be quite easy. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He didn�t mind signing an exclusive contract. He liked the idea of a long term commitment so he knew he wouldn�t have to bother going back and forth to different companies and wasting time filing more forms. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. 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 sounded like a great scheme to him.

 

For Willie 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 Willie 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 think poorly of Rivera Trucking and the factoring companies appeared capable of handling the accounts receivable in the same polite manner that his father had used over the years.

 

Willie stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. He suddenly realized that, with this new cash flow, he could actually expand Rivera Trucking Company and who knows, move into Canada, which had always been his dream. 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.

 

 

 

 

Watch Our Truck Factoring Companies Videos For More Information

 

 

 

 

 

 

Trucking Factoring  Articles

�So It is not a loan?� asked Robert Gray, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she stated.Robert was the owner of a small trucking company which had fallen on some hard times recently. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Paul. He named his business Gregory Trucking, named after Alfredo and Joe, his two grandfathers. Both of these men had been very hardworking and had set a great example for Paul.Six months ago disaster struck Paul's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. Robert 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 Robert had on hand.Paying of bills in the trucking industry is always a major cause for concern for businesses.

 

Waiting a month or longer for bills to be paid was quite normal. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Robert wasn�t a bad owner, and he hadn�t messed up. 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. Her name was Stacey and she worked for a factoring company. He had accidentally come across her company one night when he was working late, searching the internet to see if there was some solution to his financial dilemma.Stacey explained. �It�s not a loan, we purchase your accounts receivable. We aren�t giving you money to be paid back later, we�re buying something from you, and you can buy it back when you can. This is a win-win situation: we're 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.Robert nodded. It sounded good to him, almost too good.Stacey laughed. �You look like you don�t believe me,� she chuckled.�No, I do, I just think it sounds a bit too good to be true. I actually thought I might end up losing my business.�Stacey smiled, agreeing. �Yes, we get a lot of that. Listen, I�d hate to see you lose your company. We know how hard you work, and that you've invested everything in your business. We all need help sometimes. That's why we do what we do.��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 Stacey with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Robert filled the form out, with Stacey available to help him if he needed it. The profile filled Stacey and her company in on Paul�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 Robert filled out his form, Stacey was pretty sure he was a perfect candidate for factoring.When the form was done Stacey took it and slid it into her briefcase. Standing up, she reached over the desk and shook Paul's hand. He stood before they shook as well, and then smiled. They said their goodbyes and Robert walked her to the door, and then returned to his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He leaned back and closed his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. But now, after speaking to Stacey and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The sudden panic attacks, not matter where he was. 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.His mind wandered back to the very beginning, when he first started his business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been successful. Offering home cooking in his own hometown, his business had really prospered.But he had gotten bored. He wasn't passionate about the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took six months off, and during that time he decided to create Gregory Trucking. So he did it. Once again he built a company from the ground up. He had been successful.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was nearing fifty. He 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 didn't want to quit - both for himself and for his staff members.And now it seemed as though he wouldn't have to - all because of Factoring. Paul's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.

 

 

 

More Trucking Factoring Company Story Articles

The reason why Trucking Establishments Work with Factoring Companies.

 

As the manager of your own business enterprise, you may well be much more than wary already of the hardship in making certain that cash flow concerns do not become a difficulty down the line. After all, the worst thing that can potentially develop for your firm is to find yourself dragged in a long and perplexing condition that leaves you forever looking for the money you require on an on-going basis.

 

For any type of company in this condition, the trouble can come for waiting for work to lapse and actually be brought in into your account. Statements, checks, and the like can take a while to actually to be taken care of which can leave you with temporary capital troubles. Gratefully, there are opportunities out there for enterprises to explore-- and just one of these is factoring firms.

 

Factoring companies will, in trade for your statements, give you with the resources today to make sure that you don't need to stress over the lingering period which could make paying off the bills and purchasing toolsmore difficult. With this type of arrangement, invoice factoring can end up being exceptionally practical for countless enterprises who need to avoid a money trap which they have gotten themselves in.

 

Due to the fact that, basing on the scale of the project, it can take up to 60 days for many enterprises to get compensated then it's crucial to take care of your own back and certainly not leave yourself cash short to pay off the bills. After all, how many business enterprises have two months revenue just occupying there to address all their overheads till they get paid?

 

This is particularly true of trucking companies. They tend to deal with great deals of invoices which means a substantial amount of collection time concerns business owner themselves. Seeking to get paid promptly can eventually become an incredible headache and this is the reason why you work with truck factoring companies who are pleased to help out truckers particularly.

 

As most of us determine, trucking is an exceptionally massive business with a lot of agencies out there utilizing hundreds of operators. However, plenty of these drivers wind up in money dilemmas considering that they are still awaiting work from six weeks earlier to actually compensate them. When this is the circumstance for a truck company, turning to factoring providers for solutions might be the most recommended alternative left.

 

This signifies that a truck organization can pay off the salaries of the workers, keep all the vehicles refilled with gas and continue to go up, flourish and expand without continually waiting for the cash which is taking too prolonged to come in. Trucking Enterprises working without a factoring system established are leaving themselves at critical risk, as competitors cash out fast and go on to develop.

 

There's genuinely not much to be troubled about when it comes to utilizing a Factoring contractor-- they usually are not like a financial institution or any individual who is going to leave you with a huge stockpile of liability to repay. You give them legitimate invoices from job you have already completed , you are merely speeding the payment system.

 

In the United states of America, where truck companies flourish, factoring enterprises are not considered getting a loan in any capacity. This confidential contract then makes it possible for both groups to make money and take pleasure in a convenient future-- it gives the factoring company a secured resource of revenue to put into the list and it furnishes the trucking firm the required funds that they worked hard to gain.

 

The trucking establishment presents their accounts to the factoring business. The trucking factoring provider then acquire the payment amounts from the trucking company's clients. Factoring has been in existence for centuries and has been adopted for several years by numerous different fields-- but none more so than truckers. While you may miss out on a small part of the money, something like 1-3 % depending upon who you work with, it indicates that you are receiving the money today and can actually start off setting the cash to work.

 

Once and for all, an IOU or an invoice is not actually going to finance overheads, is it? For trucking companies when the income can be excellent one day and gone the next, it's up to the drivers to work sensibly and to guarantee they are leaving themselves with a notable volume of time and finance to get through the week until they are paid once again.

 

So the next occasion your trucking establishment is having some short-term cash flow concerns and you are investing an excessive amount of time chasing slow paying clienteles, why not begin considering utilizing a factoring businesses as a way to get your finances and give yourself a more comfortable future in the eyes of your trucking staff and your bank balance?

 

 

 

 

 

 

"

Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. While these loans are handy they are not available to every business. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it's usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Once the loan is paid off, you can then apply for another loan if the need arises.

 

Trucking Factoring Companies

 

Trucking Factoring companies don't offer loans, and you don't go into debt when you get money from a Trucking Factoring company. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but 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 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.

 

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. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating won't be affected. 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. 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 makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

3. You'll receive the money faster. Using a Trucking Factoring company means that you'll get the finance quicker. Once the Trucking Factoring company assures itself that the customers in your accounts receivable are likely to pay their debt, the money is usually in the account within 24 hours. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.

 

4.You receive interest 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 from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The 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. The Trucking Factoring company takes over that chore, since it is now their money to collect. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

Another bonus is that, because the Trucking Factoring company has evaluated the quality of your customers' credit before buying the accounts receivable, you learn valuable information regarding your customers, like which ones are likely to pay, and which ones are less likely to pay.A Trucking Factoring company is not the only method of gaining access to finance for the running and growing of your business, however it does offer a financing option well worth considering.

 

"

 

 

 

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