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To Companies Who Want To Write - but Can't Get Started - Our Truck Factoring Company Can Give
Your Truck Company The Money You Need

factorreceivables.net

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Small trucking companies, particularly those who have not been in existence for very long, will frequently find it hard to protect a loan. Banks are often hesitant to lend cash to businesses that don't have a great deal of earnings and assets. They likewise desire proof of the viability of a company and hence need that many operations, particularly little ones, be in business for a particular amount of time prior to they are willing to hand over any money. Since of this, a medium-size business commonly has a couple of cash creating alternatives when requires emerge. One alternative available, however frequently overlooked, is invoice factoring. This is an exceptional way for a small business to obtain money.

 

 

 

 

 

 

 

How To Make a Good Profits - Pick A Trucking�Factoring Company  Instead Of A Typical Bank Funding

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

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

Cash flow does not have to be a problem any ever more. Do not be fooled -- banks are not the only places you can get financing. Other solutions are available and you do not have to borrow money. What is truck factoring ? One option is called truck factoring. Trucking Factoring is the process of selling accounts receivable to an investor instead of waiting to gather the money from the customer. Oh, the Irony- Truck factoring has an ironic distinction: It is the financial foundation of numerous of America's most successful companies. Why is this ironic ? Because trucking factoring is not instructed in business colleges, is seldom discussed in company strategies and is fairly unidentified to the majority of most of American business people.

Yet it is a financial procedure that frees billions of dollars every year, enabling countless businesses to grow and prosper. Trucking Factoring has been around for thousands of years. Factoring Businesses are financiers 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 agreed pay in the near future. Factoring Principals--Although factoring offers solely with business-to-business transactions, a big percentage of the retail business uses a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail transactions. Using the purest meaning of the word, these big customer finance business are truly simply large Receivable Loan Funding Businesses of customer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The shop makes money practically immediately, although you do not make payment until you are prepared.

For this service, the charge card business charges Sears a charge (typical common normal charges range from two to 4 percent of the sale). The Advantages Accounts Receivable Factoring can provide numerous advantages to cash-hungry business. Rather than wait 30, 60, 90 days or longer for payment on an item that has actually already been delivered, a company can factor (sell) its receivables for money at a little discount off the dollar value of the invoice. Payroll, advertising efforts, and working capital are just a few of the company needs that can be satisfied with instant  cash.

Commercial Factoring provides the means for a producer to replenish inventory and make more products to sell: There is no longer a need to wait for earlier sales to be paid. FACTORING is not just a cash management tool for producers: Practically any type company can benefit from FACTORING. Generally, a company that extends credit will have 10 to 20 percent of its annual sales bound in invoices at any given time. Think for a minute about exactly how much is tied up in 60 days' worth of invoices: You can not pay the power bill or today s payroll with a customer s invoice, however you can sell that invoice for the money to meet those responsibilities. Using trucking factoring companies is a quick and simple process. The factoring company purchases the invoice at a price cut, typically a couple of percentage points less than the stated value of the invoice.

 

 

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Factor Receivables Companies

 

The American Transportation Organization
specifies that there are about
205,000 truck drivers with freight trucking
firms and
300,000 private companies trucking
firms certified to
run in America that transported,
according to their latest listings of millions of
products, supplies and
standard products .
There are a number of typical
carriers either going solo or in
teams on our country
roads transporting these
crucial products to our
shops, manufacturingplants and ports.

Also freight bill factoring
firms benefit
countless of them and offer their
accounts receivablesfinancing services
nationallycounting
including the following states.

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

 

 

 

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

Searching for the right trucking companies to move your freight can be tough, with the large amount of local, regional, and national truck carriers out there. 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

 

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.

 

Click below to find Trucking Companies in the United States:

Trucking Companies serving to/from points within the United States,
categorized by services offered. United States Trucking
Companies will be listed under all categories in which they provide specified Trucking Services.
To find companies offering specific Trucking Services in the United States, click on the list of services below.

Click below to find Trucking Companies in the United States:

Trucking Companies serving to/from points within the United States,
categorized by services offered. United States Trucking
Companies will be listed under all categories in which they provide specified Trucking Services.
To find companies offering specific Trucking Services in the United States, click on the list of services below.

Click below to find Trucking Companies in the United States:

Trucking Companies serving to/from points within the United States,
categorized by services offered. United States Trucking
Companies will be listed under all categories in which they provide specified Trucking Services.
To find companies offering specific Trucking Services in the United States, click on the list of services below.

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

 

 

"

Since the mid 1980s Gonzalez Truck & Haul have been successfully running their freight business. 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, Gonzalez 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 to a crawl

 

. And worse yet, Gonzalez had noticed during the early part of 2008 that though the bulk oftheir clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. Spring changed to summer, summer changed to fall, and the CEO of Gonzalez, Joshua Jimenez, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The number of clients who were late in their payments was continuing to grow.He had 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. 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 Gonzalez money had jumped ship and decided to leave him holding the bag.

 

. They couldn't afford to pay him their debt, but they could afford a lesser service, maybe. But after doing the cursory researchfor this and talking to friends in the field, he found that alas, no, customers of Gonzalez hadn't gone elsewhere. They had just gone home.To Joshua Jimenez the situation looked desperate. Joshua was very concerned, because there were constant overheads, goods to ship, employees to pay, and trucks which needed to be maintained, but there just wasn't the money coming back into the business. At night he would speak to his wife Martha and shake his head in frustration.

 

""I have a bad feeling,Lin,"" he'd sadly say to his wife.""Well, what do you think it is?"" she would ask.Joshua 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. Why couldn�t he work out how to resolve this financial problem with his business?""Iknow what it is,"" Joshua 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.

 

""Joshua knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for thesun to peak over the clouds.The next day Joshua strolled into his office and was determined to sit down and make every phone call to every client who had owed Gonzalez 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, Joshua knew that he was in trouble.

 

Poor Joshua 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.

 

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

 

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

http://factormoney.com

Basically, factoring invoices means that we would get paid immediately for the loads we haul.""""Immediately?"" Joshua interrupted.""Immediately, yes"" she added, ""It's actually very simple. We can have an expert account manager review our numbers and help us complete a company profile. Included in the profile wouldbe the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. Additionally, the factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It�s a broad view.��I see,� Joshua 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. You'll be surprised at the amount of flexibility,all dependent upon the credit histories and business volume.

 

This company tells us what the cost will be to purchase factoring for our accounts receivable. We come to an agreement and the funding starts pouring out.�Joshua was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Kathryn,"" he said.""Now, now, I know, I thought the same thing. But think about it, Joshua: they've guaranteed thatexperts 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, Joshua,"" she drew a circle around a paragraph on the document before him.""How flexible?"" asked Joshua.""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. It only takes 2to 4 days for this to be figured out. """"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 Joshua.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�.This could be the answer to our prayers: it will solve many problems we're facing due to these unpaid debts.""Joshua took a moment to think about this solution, and agreed with his secretary. The clients who owed them money were long standing friends and professional resources of Gonzalez. They didn't want to throw away these relationships because they were having trouble paying their bills now. He was well aware that the economy was in a bad way and that it might be quite a while before things startedpicking up. That unknown amount of time, if he handled these debtors incorrectly, could spell disaster for both 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 Kathryn, thank you."" Kathryn nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Joshua keep the shirt on his back, and possibly hers too.Joshua sat behind his desk and lookedover the details Kathryn had not mentioned in their meeting. He wondered if there might be other problems freight factoring could help Gonzalez 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. Joshua was surprised: it said that his company could get up to fifty percent cash advances on load pickups. Joshua was a typical business man: he despised binding contracts that didn't allow room tobreathe, so he was pleasantly surprised to see that the factoring company didn't require a long term contract, that there was no minimum volume required, and that there were no sign-up fees.""I must tell Herman the good news,"" Joshua muttered to himself.His son-in-law Herman had liked the idea of Gonzalez so much and revered his father in law for having such business acumen that only two years before, he had gathered the venture capital to begin his own transportation service company. Atthat time Joshua knew the struggles Herman would face, but he still encouraged him to follow his dream. With the economy the way it was, if an established company such as Gonzalez was struggling then the little guys, like Herman, were going to be in even more trouble.

http://factoring-financing.factorreceivables.net/

But, maybe the answer for both of them was in freight factoring, and Joshua was going to find out very soon.A few short months later, after completing the application process, having the legal experts review his credit history, accountsreceivable, and statements, finally Joshua was beginning to find his way out of the hole his debtors 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. Joshua 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 justin 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 Arnold Garza just sat there letting it ring. His morning coffee cooled and his cigarette smoked away in the tray: Arnold is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Garza Trucking Company was at a turning point of growth and Arnold had to decide if signing with a factoring company was the right way forward.

 

Morethan forty years ago Arnold's father had started this business working as an owner-operator and eventually growing Garza Trucking Company into a fifteen trailer fleet. There had been some hard times when it seemed everything was going to go under and even Arnold�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 Arnold's handsand he needed to ensure that this business would be left in great shape for his sons.

 

To move Garza 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 had families and household bills too. 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 agriculturaland energy equipment. Every time he had to turn down a request, Garza Trucking looked weak in a very strong market.

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Arnold allowed himself a good hard chuckle. His father had been against placing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� Also his father had the habit of teasingall 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.

 

Arnold knew he was right in his forward thinking. How would he take Garza Trucking to the next level? More importantly, how could he afford it? Businessfunding was tied up in fuel bills and the mortgage for the garage and office. He just finished paying off the small bank loan for installing satellite radio in the trucks for the guys.

 

He wondered about factoring - was this the answer for him? If he was being honest, he didn't really understand how it all worked. It sounded like a ninth grade math problem and he wondered how this would fit into the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certainpercentage of the invoiced amount. The factoring company gives the trucking business its payment right away which allows the business to have continuous cash flow so it can pay employees, buy fuel, and make repairs for upcoming hauls. Without this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Arnold had to really consider what his nextstep was going to be. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. 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 percentageseven if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His colleague, Ronnie, who owned a trucking company in Missouri, was nearly destroyed by a factoring company who charged him the full freight bill on top of the fees for factoring. Well, what was the point of going to a factoring company if there was shady business like that going on?

 

However, it all turned out to be very simple. All the factoring companieshe researched were open about their business practices and very friendly on the phone when he called. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. 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. Nobody charged him for credit checks and they offered him a fueladvance 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 Arnold 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 businessand spoke to him like a client, not like a beggar 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 Arnold because he and his father had created a very strong and loyal list of clientele over the years. So he knew they would understand when the factoring company contacted them for the invoices. His clientswouldn�t think poorly of Garza 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.

 

Arnold 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, Arnoldcould actually expand Garza Trucking Company further across the country and perhaps even go international into Canada. He was a happy man again knowing that he had just made a decision which would guarantee the success of his business and his sons wouldn't be inheriting a financial mess.

 

"

 

 

 

 

Receivable Loans

 

Loans And Receivables

 

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Trucking Factoring  Articles

�So, this is not a loan?� Billy Watkins asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Billy smiled at him, shaking her head.�Not quite,� she said.Billy Watkins owned a small trucking company, and his business had recently fallen on difficult times. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Dean. His company was called Nguyen Trucking, named after both of his grandfathers, Ben and Gregory. They had both been hardworking men, and had done a lot to make Billy the same.Disaster had struck half a year ago, when two trucks in Dean�s fifteen truck fleet went down. One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. The financial security of Dean's company relied on his full fleet on fifteen being on the road, and missing two trucks was just devastating . Furthermore, buying a whole new truck and fixing the other simply took more cash than Billy had on hand.A big problem a lot of trucking companies came across was how bills were paid in the industry. Waiting a month or longer for bills to be paid was quite normal. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Billy 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. Her name was Terri and she worked for a factoring company. Billy 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.She sat there now, and explained. �It�s not a loan, we purchase your accounts receivable. We're not giving you finance to be repaid later: we're purchasing something from you, and when you can you can buy it back. 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.Billy nodded. It sounded good to him, almost too good.The woman 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.�Terri nodded. �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. Sometimes you need help. 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,� Terri said with a smile. �Let�s see what we can do to help you.�And with that they set about making a profile.

http://ocf.com

Billy filled the form out, with Terri available to help him if he needed it. The profile filled Terri and her company in onDean�s company, and would help them determine if he was suitable for factoring. Unfortunately, not all companies are. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. Listening as Billy filled out his form, Terri was pretty sure he was a perfect candidate for factoring.When the form was done Terri took it and slid it into her briefcase. She then stood, reached across the desk and shook Dean�s hand. He also stood up, and they smiled at each other. Billy walkedTerri to the door where they said 'Goodbye', then he went back into 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. Talking to Terri 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.All those long, sleepless nights. The terrifying panic attacks that occurred regardless of where he was. Already he could feel all the stress start to drain away. He knew it wasn't over yet and that there was still a way to go, but he could just feel everything start to change for him. He was still here; he knew this was the right path for him, and he felt proud that he had taken the appropriate steps tosort 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. Home cooking in his hometown, and he had done very well.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 half a year off, and in that time he thought to start Nguyen Trucking. So he did it. Forthe second time in his short life he created a company from the ground up. The business had been an instant success.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was about to turn fifty. He didn�t think he had it in him, to save this company. But giving up wasn't part of his personality either.

 

The idea of cutting his losses, shutting down, laying off his workers, it actually made him sick some nights. He didn't want to quit - both for himselfand for his staff members.And now it seemed as though he wouldn't have to - all because of Factoring. Billy 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.

 

 

 

 

More Trucking Factoring Company Story Articles

The reason why Truck Companies Use Factoring Firms.

 

As the owner of your ownfirm, you may bemuch more thanperceptive already of thehardship in makingcertain thatcapital issues do not become apredicament down the line.Anyway, themost horrible thing that canpotentiallytranspire for yourfirm is to find yourselfinvolved in a long and difficultcondition that leaves you forever trying to find the cash you need on ancontinualbasis.

 

For anycompany in thisscenario, thetrouble can come for waiting for work to clear up and actually beprovided into your account. Invoices, checks, and the like cantake a long time to actually to beprocessed which can leave you with short-termavailable resourcesdilemmas.Thank goodness, there areopportunities out there forfirms todelve into-- andjust one of these is factoringagencies.

 

Factoring companies will, insubstitution for yourbill of sales, provideyou with thecash money todayto ensure that you don't need tofret about thelingeringphasewhich could make paying theexpenses and getting materialsmorecomplicated. With thiskind ofsystem, invoice factoring can becomeexceptionallyhelpful forvariouscompanies whoought to get out of amoneyploy which they havediscovered themselves in.

 

Since,relying on the size of theproject, it can take up to 60 days formanyestablishments to getcompensated then it'snecessarytotake care of your own back andcertainly not leave yourselfmoney short tosettle the bills. After all, how manybusiness enterprisespossess two monthsincome justoccupying there topay for all theircosts until they get paid?

 

This ismost especiallycorrect oftruck companies. Theygenerallymanagenumbers of invoices which means aconsiderablevolume of collection timeentailscompany owner themselves.Seeking to getcompensatedpromptly caneventually become anextraordinaryhassle and this is why youmake use of trucking factoringorganizations who arethrilled to help out truckersprimarily.

http://freight-factoring-company.factorreceivables.net/

Asmost of usunderstand, trucking is an incrediblyhugemarket with many companies out thereutilizing hundreds of drivers.However,quite a few of these drivers end up incashdifficultiesdue to the fact that they are still waiting for work from six weeksearlier to actually pay them. When this is thecircumstance for a truckingfirm,depending on factoringcompanies forhelpcould be themost ideal choice left.

 

This means that atruckbusiness can pay thepaychecks of thepersonnel, keep all thecarsfilled withgas and continue tosurmount,progress and expand without always waiting for thecash which is taking too long to come in. TruckingFirmsfunctioning without a factoringsystemapplied are leaving themselves at significant risk, ascontenders cash out fast and continue todevelop.

 

There's genuinelynot a thingto bestressed about when it comes toworking with a Factoringfirm-- theycommonly are not like a bank orany individual who is going to leave you with asubstantialheap ofpersonal debt torepay. You give themauthentic invoices fromjob you have alreadywrapped up , you aresimplyquickening therepaymentsystem.

 

In the United States, wheretruckagenciesdo well, factoring companies are not consideredtaking on loan in any capacity. Thisprivatecontract thenpermits bothparties tomake money andindulge in agood future-- itprovides the factoringagency a guaranteedresource ofcash flow toput into the list and itsupplies the truckingbusiness therequiredmoney that they worked hard to earn.

 

The truckingestablishmentbestows theiraccounts to the factoringfirm. The trucking factoringagency thenacquire thepayment amounts from the trucking company'sclients. Factoring has been in existence forcenturies and has beenadopted forseveralyears bya lot ofvariedmarkets-- but noneexceeding so than truckers. While youmight possiblylose out on a small part of the money, something like 1-3 % depending on who youteam up with, itsignifies that you areobtaining theresources today and can actually startsetting theresources tofunction.

 

Anyway, an IOU or an invoice is not going to pay forspendings, is it? For truckingenterprises when thefinances can bevery good one day and gone the next, it's up to thevehicledrivers to worksmartly and tomake sure that they are leaving themselves with anotable amount of time andmoney to get through the week until they arepaid for again.

 

So the nextinstance your truckingcompany isenduring some short-termcapitalproblems and you areinvestingexcessive time chasingslowly payingclienteles, why not startthinking aboutemploying a factoring businesses as ameans to get yourfinances and give yourself a moreconvenient future in the eyes of yourtruckingteam and your bankdividend?

 

 

 

 

 

 

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Traditional Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. These loans can be a life-saver, but they're not always available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment,you risk losing your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. 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 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 earnedby 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 finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to 'sell.' Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, andproviding 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.You Won't Incur 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. The debt goes onto your credit report with a bank loan, with only one missed payment adversely affecting your business credit: it would also affect your ability to secure insurance, and may reflect on your personalcredit rating as well.

 

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. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable arebeing offered for financing. This means that it's easier for new businesses to access the finance they need through a Trucking Factoring company, providing their accounts receivable are in good order. A bank may believe you haven't been in business long enough to be able to cover this risk.

 

3.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 receivableare 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 thetop, deducting it from the total amount of accounts receivable. So not only are you relieved of those monthly loan payments, but you also don't have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. However, there are also a couple of other benefits that a factory company can offer your businessis far beyond the scope of the bank. The main benefit is that once you've sold your accounts receivable to the Trucking Factoring company, you are free from having to collect money owed by your customers. 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.

 

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

 

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