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How Much is Your Cash Flow "Tension" Costing Your Company - Our Factoring Company Can Provide
Your Trucking Company The Cash You Want

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Small freight businesses, particularly those who have actually not been around for really long, will typically find it difficult to secure a loan. Banks are typically hesitant to provide money to businesses that do not have a lot of income and assets. They also desire evidence of the viability of a company and thus require that most operations, specifically small ones, be in company for a particular quantity of time before they want to turn over any money. Since of this, a medium-size business typically has a couple of cash creating choices when needs occur. One option available, however often overlooked, is receivable Financing. This is an exceptional means for a medium-size company to get cash.

 

 

 

 

 

 

 

Business Owners! Want Quick Curls? - Select A Freight�Brokerage Factoring Company  Instead Of A Typical Bank Financing

Exactly how to Enhance 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 experienced bad cash 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 funding. Other options are offered and you do not have to borrow money. What is truck factoring ? One option is called truck factoring. Truck Factoring is the procedure of selling invoices to a financier rather than waiting to gather the money from the client. Oh, the Irony- Trucking factoring has an ironic difference: It is the financial foundation of many of America's most effective companies. Why is this paradoxical ? Since receivable financing is not taught in business colleges, is rarely mentioned in business strategies and is fairly unidentified to bulk of most of American company people.

Yet it is a monetary procedure that releases up billions of dollars every year, enabling countless companies to grow and succeed. Receivable Loan Funding has been around for thousands of years. Receivable Loan Funding Companies are financiers who pay money for the right to receive the future payments on your invoices. An unpaid receivable or invoice has value. It is a debt your client has actually to pay in the near future. Factoring Principals--Although factoring deals solely with business-to-business transactions, a large percentage of the retail company utilizes a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail transactions. Using the purest definition of the word, these big consumer finance companies are truly just big Commercial Factoring Companies of customer paper. Consider it: You make a purchase at Sears and charge it to your MasterCard. The shop gets paid almost instantly, although you do not pay up until you are ready.

For this service, the credit card company charges Sears a charge (typical common normal fees vary from two to four percent of the sale). The Benefits Truck Factoring can offer numerous advantages to cash-hungry companies. Instead of waiting 30, 60, 90 days or longer for payment on an item that has currently been delivered, a company can factor (sell) its receivables for money at a small price cut off the amount of the invoice. Payroll, marketing efforts, and working capital are simply a few of the company requirements that can be satisfied with instant  money.

Receivable Loan Financing provides the means for a producer to renew stock and make even more items to sell: There is no longer a need to wait for earlier sales to be paid. Receivable Loan Financing is not simply a money management tool for producers: Practically any kind company can benefit from Staffing Factoring. Typically, a business that extends credit will have 10 to 20 percent of its annual sales bound in accounts receivable at any given time. Think for a moment about how much is bound in 60 days' worth of invoices: You can not pay the power bill or this week s payroll with a customer s invoice, but you can offer that invoice for the money to meet those responsibilities. Using truck factoring companies is a quick and easy process. The factoring company buys the invoice at a discount, usually a couple of portion points less than the face value of the invoice.

 

 

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The American Truck Association
specifies that there are about
205,000 employees with transportation
businesses and
276,000 personal service providers trucking
companies licensed to
operate in the United States that carried,
according to their newest data of millions
products, materials and
standard materials .
There are a number of usual
carriers either going solo or in
teams on our nation
roads transferring these
important products to our
stores, manufacturing facilities and harbors.

Also trucking factoring
companies help
several of them and offer their
receivable loan services
nationwideincluding
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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Santa Ana is the corporate headquarters of several companies . Nonprofits based in Santa Ana include Open Doors.One of Santa Ana's most notable businesses is the Rickecker musical instrument company, whose electric guitars and bass guitars earned fame in the hands of many rock and roll legends.Then Glenn L. Martin Company, a precursor to Lockheed Martin, was founded in Santa Ana in 1912 before merging with the Wright Company in 1916.In recent years, the nearby city of Irvine has outpaced Santa Ana in commercial growth, with the Irvine Business District located near John Wayne Airport. To compete with this, Santa Ana has approved commercial projects in the South Coast Metro area, as well as the ""Metro East"" development, located at the couence of the Santa Ana Freeway and the Costa Mesa Freeway.The Historic South Main Business District contains many older retail shops and other small businesses. It extends from downtown Santa Ana southwards on Main Street to the South Coast Metro area.Santa Ana is the county seat and second most populous city in Orange County, California. With a population of 329,427, as of the 2011 census, Santa Ana is the 57th most-populous city in the United States.Founded in 1869, Santa Ana is located in Southern California adjacent to the Santa Ana River, 10 miles (16 km) away from the California coast. The city is part of the Greater Los Angeles Area which, according to the U.S. Census Bureau, is the second largest metropolitan area in the U.S., with almost eighteen million people. According to the 2000 U.S. Census, of U.S. cities with more than 300,000 people, Santa Ana is the 4th-most densely populated behind only New York City, San Francisco, and Chicago, and slightly denser than Boston.Santa Ana lends its name to the Santa Ana Freeway (I-5), which runs through the city. It also shares its name with the nearby Santa Ana Mountains, and the Santa Ana winds, which have historically fueled seasonal wildfires throughout Southern California. The current Office of Management and Budget (OMB) metropolitan designation for the Orange County Area is Santa Ana�Anaheim�Irvine, California.

 

"

 

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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
Enter the principal balance of your Oilfield services Receivables Financing company
(call your Oilfield services Receivables Financing company lender and ask for the current payoff amount):
Enter the amount of your monthly Oilfield services Receivables Financing company payment:
(invoice amount):
Enter the your Oilfield services Receivables Financing company'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 Top 50 Trucking Companies list, based on data prepared by Consulting Group in Pittsburgh.

 

Searching for the right trucking companies to move your freight can be tough, with the large amount of local, regional, and national truck carriers out there. Center helps make freight shipping simple, finding you the safest, reliable trucking companies every time you ship. Trucking companies are licensed and insured to carry freight safely and efficiently across the country, no matter the size or type of freight you need to ship.Plus, with the high volume of freight we move, we will work to get you the best freight rates possible. Simply enter in a few details below and you�ll see instant freight rates from all the top trucking companies in one easy screen

 

Click below to find Trucking Companies in the United States:

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

If you're like most drivers, you're looking for a better company in trucking that might be offering the best jobs in terms of pay, freight, and hometime ' not to mention benefits or a sign on bonus. We've got all of our clients listed based on the states where they're hiring, so you can quickly find the best job in your home state. You'll see the very best nationwide trucking companies that have positions available.

 

Life of a Truck driver, like many other professionals can be very challenging, rewarding, and frustrating at the same time. �The com� is an information site for many of the Truckers needs. It is designed to encompass the needs of the Trucker, both on the Road and at Home.

List of Trucking Companies for Owner/Operators and Company Drivers

 

EveryJob 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 andenefits offered. Search current driving jobs and fill out the EZ truck driver application customized for cdl trucking jobs

 

 

"

Since the mid 1980s Hunt 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 boom times from 2002 to 2007 Hunt Truck & Haul was the mastermind of a top-rated accounts receivable in 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. Times were great for everyone, and the cash was flowing.But a short year later, in the fall of 2008, when the United States economy took a nosedive and businesses both small and large began to feel the pinch on their pocketbooks, those that used to make their demands had suddenly and largely gone silent. Business slowed down. Worse still, it was noticed by Hunt 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 Hunt, Theodore Hart, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The numbers of clients who owed him back debt were growing.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 Hunt money had jumped ship and decided to leave him holding the bag.

 

. They could not afford to pay him their debt, but they could afford a lesser service, maybe. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. They had just gone home.This current state-of-affairs was causing Theodore Hart 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. In the evenings he would discuss his concerns with his wife, Eleanor, and still find no relief from the worry and frustration.

 

""I have a bad feeling, Lin,"" he would say with deep woe.""Well, what do you think it is?"" she would ask.Theodore would stare off into the distance, and then slowly close his eyes. He could see the fleet of trucks he had purchased over the years. He could see them traveling, bringing goods to all of his clients. 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 know what it is,"" said Theodore. ""I've relied too long on the profits I receive from invoices alone. For too long I've been allowing our clients to let their accounts become overdue."" Eleanor would look at her husband lovingly, and holding his hand would say 'it is such a harsh economy these days and our clients must be having difficulty meeting their responsibilities'.""Eleanor was trying so hard to support her husband in these worrying times, while Theodore was weighed down with the worry of how he was going to handle this situation he found himself in.The following day Theodore walked into his office with a spring in his step, determined to call each and every client who owed money to Hunt 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. A waste of time - a waste of money - he had the best intentions, but all the while Theodore was realising just how much trouble he was in.Poor Theodore 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.

 

""Can I have a word with you Theodore?"" she queried, standing in the doorway.

 

""Of course Anita, please come in."" Theodore relaxed back into his chair and looked up at Anitaerley.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Theodore."" 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?"" Anitaerley asked.""It sounds vaguely familiar. What is factoring""? he asked.She began, ""Well, it is really very simple. Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Theodore interrupted ""Immediately?"".""Yes, immediately,"" she continued, ""In a nutshell, it is pretty easy. We start by having a professional account manager review our figures and help us set up a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It provides a very broad view.""Theodore replied cautiously ""I see - and what happens then?""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.

 

This company tells us what the cost will be to purchase factoring for our accounts receivable. The funding commences once we�ve arrived at an agreement.�Theodore was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Anita,"" he said.""Now, now, I know, I thought the same thing. But really, they have guaranteed us experts that do all the legwork, which would free us up here to focus on our clients in good standing and marketing, all that good stuff. They appear to be very flexible, Theodore,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked Theodore.""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 2 to 4 days for this to be figured out. ""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. 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,"" Theodore said.Theodore 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 are having with these clients who still owe us money.""Theodore 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 Hunt. They did not want to throw away these relationships because they were having trouble paying their bills now. He was well aware that the economy was in a bad way and that it might be quite a while before things started picking up. That unknown amount of time, if he handled these debtors incorrectly, could spell disaster for both of them. Of course he did not want to lose any more money, but he did not want to lose business either.""Let me go over this tonight Anita, and thankyou."" Anita stood up and left Theodore's office, with the nice feeling of knowing that she may just have solved a very serious problem.Theodore 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 Hunt 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. Theodore 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.""I must tell Wesley the good news,"" muttered Theodore to himself.Theodore's son-in-law, Wesley, loved the idea behind Hunt 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 Theodore knew the struggles Wesley would face, but he still encouraged him to follow his dream. With the faltering economy, if a big fish like Hunt was hurting, a little guy like Wesley was about to catch his death. Perhaps the antidote to these problems was in freight factoring, and they were about to find out.A few short months later, after completing the application process, having the legal experts review his credit history, accounts receivable, and statements, finally Theodore 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. Theodore looked back on the dismal months of life before freight factoring and almost shuddered at the thought. He probably wouldn't be in business today had he not learned just in time about freight factoring.

 

"

 

"

Santa Ana is the corporate headquarters of several companies . Nonprofits based in Santa Ana include Open Doors.One of Santa Ana's most notable businesses is the Rickecker musical instrument company, whose electric guitars and bass guitars earned fame in the hands of many rock and roll legends.Then Glenn L. Martin Company, a precursor to Lockheed Martin, was founded in Santa Ana in 1912 before merging with the Wright Company in 1916.In recent years, the nearby city of Irvine has outpaced Santa Ana in commercial growth, with the Irvine Business District located near John Wayne Airport. To compete with this, Santa Ana has approved commercial projects in the South Coast Metro area, as well as the ""Metro East"" development, located at the couence of the Santa Ana Freeway and the Costa Mesa Freeway.The Historic South Main Business District contains many older retail shops and other small businesses. It extends from downtown Santa Ana southwards on Main Street to the South Coast Metro area.Santa Ana is the county seat and second most populous city in Orange County, California. With a population of 329,427, as of the 2011 census, Santa Ana is the 57th most-populous city in the United States.Founded in 1869, Santa Ana is located in Southern California adjacent to the Santa Ana River, 10 miles (16 km) away from the California coast. The city is part of the Greater Los Angeles Area which, according to the U.S. Census Bureau, is the second largest metropolitan area in the U.S., with almost eighteen million people. According to the 2000 U.S. Census, of U.S. cities with more than 300,000 people, Santa Ana is the 4th-most densely populated behind only New York City, San Francisco, and Chicago, and slightly denser than Boston.Santa Ana lends its name to the Santa Ana Freeway (I-5), which runs through the city. It also shares its name with the nearby Santa Ana Mountains, and the Santa Ana winds, which have historically fueled seasonal wildfires throughout Southern California. The current Office of Management and Budget (OMB) metropolitan designation for the Orange County Area is Santa Ana�Anaheim�Irvine, California.

 

"

 

More Trucking Factoring Companies Story Articles

"

The Future of a Trucking Company, and Factoring The phone was ringing on his desk, and Joshuauaua Gonzalez 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. Gonzalez Trucking Company had reached a turning point and he now had to make a decision as to whether he should sign up with a factoring company, and indeed if this would be a good or regrettable decision for his business.

 

More than forty years ago Joshuauaua's father had started this business working as an owner-operator and eventually growing Gonzalez Trucking Company into a fifteen trailer fleet. Yes, they had survived some very difficult times when it appeared like they might go under, and even Joshuauaua'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. But now things were different: the company was in Joshuauaua's hands and he needed to ensure that this business would be left in great shape for his sons.

 

To move Gonzalez 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. 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, Gonzalez 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. Joshuauaua 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?� Also his father had the habit of teasing all the drivers he caught switching into automatic even though driving in automatic was much more efficient though not manly in his father�s eyes. He knew his father's days were long gone and new technology was very important for the business, like having Qualcomm to reduce communication time for bills of lading.

 

Joshuauaua knew he was right in his forward thinking. What would be the next step for Gonzalez Trucking? 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.

 

He wondered about factoring - was this the answer for him? If he was being honest, he did not 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. 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. During those thirty days the trucking company cannot pay its employees and bills with invoices.

 

Joshuauaua had to really consider what his next step was going to be. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His colleague, Ronnie, who owned a trucking company in Missouri, was nearly destroyed by a factoring company who charged him the full freight bill on top of the fees for factoring. Well, what was the point of going to a factoring company if there was shady business like that going on?

 

But it turned out to be quite easy. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. 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 would not have to keep going back and forth to different companies. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. Many companies offered a non-recourse factoring program that suited him just fine. He was more than happy with the figures he was offered in percentage terms on the freight bills. It sounded like a great scheme to him.

 

For Joshuauaua it was quite a relief to be dealing with the factoring company. They were extremely helpful and more personable than the bank staff. It seemed as though those bank people spoke another language, but these factoring guys knew the trucking business and spoke to him like a client, not like a beggar for a handout. The factoring companies were not interested in his credit nor the financial problems his father had experienced in the past. Factoring was based on the credit of his customers and on their reliability which worked well for Joshuauaua because he and his father had built up good strong relationships over decades with their list of clients. So he knew they would understand when the factoring company contacted them for the invoices. His clients wouldn�t think poorly of Gonzalez 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.

 

Feeling happier now, Joshuauaua stepped out of his office to advise his secretary to expect to receive the contract very shortly from the factoring company. He felt exhilarated by the new possibilities that would make the future of the company fun again and put the stress of the difficult times behind him. With the capabilities of this new cash flow, Joshuauaua could actually expand Gonzalez 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, this is not a loan?� Howard Nelson asked as he leaned back in his chair, crossing his legs. The woman who sat across the desk smiled and shook her head.�No, not exactly,� she said.Howard 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 Theodore. His company was called Butler Trucking, named after both of his grandfathers, Eddie and Brad. They had both been hardworking men, and had done a lot to make Howard the same.Disaster had struck half a year ago, when two trucks in Theodore�s fifteen truck fleet went down. One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. The financial security of Theodore'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 Howard 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.Howard was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.And that's why he found himself across the desk from this woman. Howard knew she was employed by a Factoring company and that her name was Kristina. Howard 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 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 are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Howard nodded. It sounded perfect - perhaps too good?.The woman laughed. �You look like you don�t believe me,� she said.�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.�Kristina nodded. �Yes, we get a lot of that. There's no way we want to see you lose your business. You work hard, you�ve put everything you can into it. Sometimes you need help. That's why we do what we do.""In any case, thank you for coming to see me.""No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� said Kristina with a smile. �Let's work out a solution to your problem.�And with that they set about making a profile.

 

Howard completed the form, with Kristina offering advice as needed.

 

The profile filled Kristina and her company in on Theodore�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. As Howard completed his form, Kristina listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Kristina took it and slid it into her briefcase. Standing up, she reached over the desk and shook Theodore's hand. He also stood up, and they smiled at each other. They said their goodbyes and Howard 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 Kristina 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 terrifying panic attacks that occurred regardless of 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 Butler 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 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 know how to say quit.And now, because of factoring, he was sure he wouldn�t have to. Theodore's eyes opened, he sat forward in his chair and turned on his computer. He had things to do. He could be thankful later, for now, it was time to work.

 

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More Trucking Factoring Company Story Articles

The reason why Trucking Establishments Use Factoring Companies.

 

As the manager of your own company, you may be much more than mindful already of the difficulty in making certain that cash flow matters do not become a dilemma down the line. Anyway, the most horrible thing that can potentially transpire for your enterprise is to find yourself swept up in a long and complicated predicament that leaves you forever searching for the money you are in need of on an recurring manner.

 

For any type of firm in this condition, the dilemma can come for waiting for work to clear up and actually be repaid into your bank account. Invoices, checks, and the like can take a long time to actually to be taken care of which can certainly leave you with short-term available resources problems. Thankfully, there are solutions out there for companies to explore-- and among these is factoring firms.

 

Factoring providers will, in substitution for your bill of sales, supply you with the cash right now to make sure that you do not have to worry about the waiting time frame which could make paying the expenses and acquiring materialsmore troublesome. With this style of setup, invoice factoring can end up being incredibly beneficial for plenty of establishments who need to get out of a money trap which they have discovered themselves in.

 

Considering that, depending upon the scale of the task, it can take up to 60 days for a number of business enterprises to get paid out then it is critical to cover your own back and not leave yourself resources short to pay off the monthly bills. After all, how many business enterprises have two months earnings just occupying there to handle all their overheads until they get paid?

 

This is especially true of truck agencies. They often deal with great deals of statements which means a substantial quantity of collection time demands company owner themselves. Attempting to get paid promptly can come to be an extraordinary hassle and this is why you work with truck factoring providers who are thrilled to help out truckers primarily.

 

As all of us understand, trucking is an incredibly huge business with plenty of organizations out there employing hundreds of vehicle drivers. However, numerous of these drivers end up in money predicaments simply because they are still expecting work from six weeks previously to actually pay them. When this is the circumstance for a truck company, choosing factoring agencies for reinforcement could be the finest option left.

 

This means that a truck company can pay off the paychecks of the personnel, keep all the vehicles loaded with fuel and continue to scale, rise and expand without continually waiting for the resources which is taking too prolonged to come in. Trucking Business enterprises running without a factoring program used are leaving themselves at significant risk, as competitions cash out rapidly and carry on to expand.

 

There's honestly not a thing to be distressed about when it comes to employing a Factoring firm-- they usually are not like a bank or somebody who is going to leave you with a massive mound of financial debt to pay back. You give them legitimate invoices from output you have already completed , you are simply accelerating the repayment process.

 

In the United States, where trucking agencies succeed, factoring agencies are not considered getting a loan in any capacity. This confidential settlement then allows both groups to profit and take pleasure in a good future-- it provides the factoring company a guaranteed asset of profit to put into the list and it supplies the trucking business the needed finances that they worked hard to gain.

 

The trucking business gives their accounts to the factoring establishment. The trucking factoring provider then obtain the payments from the trucking company's customers. Factoring has been all around for hundreds of years and has been adopted for many years by plenty of varying markets-- but none exceeding so than truckers. While you may lose out on a small part of the money, something like 1-3 % depending upon who you collaborate with, it signifies that you are obtaining the resources today and can actually begin setting the resources to function.

 

Anyway, an IOU or an invoice is absolutely not going to finance costs, is it? For trucking agencies when the funds can be great one day and gone the next, it is up to the drivers to work sensibly and to guarantee they are leaving themselves with a notable amount of time and finance to get through the week until they are compensated once more.

 

So the next time your trucking company is enduring some temporary capital dilemmas and you are investing too much time chasing sluggish paying customers, why not start taking into consideration making use of a factoring companies as a means to get your cash and give yourself a more pleasant future in the eyes of your trucking staff and your bank difference?

 

 

 

 

 

 

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Bank Loans

 

Bank loans are an extremely traditional way for a business to get financing. These loans can be a life-saver, but they're not always 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 is 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 do not offer loans, and you do not 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 a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

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

 

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

 

1. You will not Incur Debt. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. This has many benefits including the fact, that this type of financing will not affect either your business credit rating or your personal credit rating. Should the unforeseeable happen and your business fails, you will not have to worry about anyone coming after your personal as well as your business assets 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 are not 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. With a Trucking Factoring company you can actually get the money you need faster. Once the Trucking Factoring company assures itself that the customers in your accounts receivable are likely to pay their debt, the money is usually in the account within 24 hours. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.

 

4.Interest is Paid Up Front. With a bank loan interest continues to build, and this has to be paid the whole time you have a business loan; however with a Trucking Factoring company there is no interest - they take it right off the top by deducting it from the total amount of receivable accounts. So not only are you relieved of those monthly loan payments, but you also do not 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 business is far beyond the scope of the bank. The most important benefits is that once you sell your accounts receivable to the factory company, you do not have to take time away from running your business to collect the money owed from reluctant to pay customers. 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 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.

 

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