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New Factoring Program Leaves Your Company Rolling in Profits - Our Freight Factoring Companies Can Provide Your Truck Company The Money Your Company Needs


at medicalaccountsreceivable.org

and San-Bernardino-Invoice-Factoring-Companies.medicalaccountsreceivable.org.

transportation factoring solutions trucking factoring companies reviews freight bill factoring companies transportation factoring trucking

 

Medium-Size trucking companies, particularly those who have not been in existence for extremely long, will typically discover it difficult to secure a loan. Banks are typically reluctant to lend cash to companies that don't have a lot of income and assets. They also desire evidence of the viability of a company and thus need that the majority of operations, particularly little ones, be in business for a particular amount of time prior to they want to hand over any money. Due to the fact that of this, a small business frequently has few cash generating options when requires occur. One option offered, but frequently neglected, is factoring. This is an outstanding way for a small business to obtain cash.

 

You Can Laugh at Money Worries - if You Follow This Simple Plan - Select A Factoring Company Instead Of A Traditional Bank Financing

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

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

Cash flow does not have to be an issue any more. Do not be fooled -- banks are not the only places you can get financing. Other options are available and you do not have to borrow. Exactly what is truck factoring ? One option is called truck factoring. Truck Factoring is the procedure of offering accounts receivable to an investor instead of waiting to collect the cash from the customer. Oh, the Irony- Trucking factoring has an ironic distinction: It is the monetary foundation of numerous of America's most effective companies. Why is this ironic ? Since receivable financing is not taught in business colleges, is seldom mentioned in company plans and is relatively unknown to bulk of most of American company individuals.

Yet it is a financial process that releases up billions of dollars every year, allowing countless businesses to grow and prosper. Accounts Receivable Factoring has actually been around for thousands of years. Staffing Factoring Businesses are investors who pay cash for the right to receive the future payments on your invoices. An overdue receivable or invoice has value. It is a financial obligation your client has to pay in the near future. Factoring Principals--Although factoring offers exclusively with business-to-business transactions, a big percentage of the retail company uses a factoring principal. MasterCard, Visa, and American Express all utilize a form of factoring in their retail deals. Utilizing the purest meaning of the word, these big consumer finance business are truly simply big Staffing Factoring Companies of customer paper. Consider it: You make a purchase at Sears and charge it to your MasterCard. The shop makes money almost immediately, even though you do not pay until you are prepared.

For this service, the charge card business charges Sears a fee (typical common normal fees vary from two to four percent of the sale). The Advantages Commercial Factoring can provide many benefits to cash-hungry business. Instead of waiting 30, 60, 90 days or longer for payment on a product that has actually currently been delivered, a business can factor (sell) its receivables for cash at a little discount off the dollar value of the invoice. Payroll, marketing efforts, and working capital are simply a few of the business needs that can be met with instant  money.

Commercial Factoring offers the means for a manufacturer to replenish inventory and make more items to sell: There is no longer a need to await for earlier sales to be paid. Receivable Loan Financing is not just a money management tool for producers: Almost any kind business can benefit from Truck Factoring. Generally, a business that extends credit will have 10 to 20 percent of its annual sales bound in invoices at any given time. Think for a moment about exactly how much is bound in 60 days' worth of invoices: You can not pay the power bill or today s payroll with a client s invoice, but you can offer that invoice for the money to meet those responsibilities. Using truck factoring companies is a quick and simple procedure. The factor buys the invoice at a discount, typically a couple of portion points less than the face value of the invoice.

 

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The U.s. Truck Organization mentions that there are about 200,000  workers with freight trucking businesses and 300,000 private companies trucking firms certified to operate in the United States that  transported, according to their most current data of millions  products, supplies and standard materials . There are numerous  typical carriers either going solo or in teams on our country highways transferring these important products to our stores, manufacturing facilities and harbors.

Moreover freight invoice  factoring businesses aid numerous of them and offer their receivable loan facilities countrywide including 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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Receivable loan company Calculator
This calculator will show you how much you will make by using our receivable loan company . But, as your about to discover, you will certainly notice the increased cash flow that will occur when you use our receivable loan company
Enter the principal balance of your receivable loan company
(call your receivable loan company lender and ask for the current payoff amount):
Enter the amount of your monthly receivable loan company payment:
(invoice amount):
Enter the your receivable loan company's current interest rate:

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

 

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

 

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

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

 

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

 

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.

 

 

 

 

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San Bernardino is a city located in the Riverside-San Bernardino metropolitan area (sometimes called the ""Inland Empire""). It serves as the county seat of San Bernardino County, California, United States. As one of the Inland Empire's anchor cities, San Bernardino spans 81 square miles (210 km2) on the floor of the San Bernardino Valley, and has a population of 209,924 as of the 2010 census.[3] San Bernardino is the 17th largest city in California, and the 99th largest city in the United States. San Bernardino is home to multiple diplomatic missions for the Inland Empire, being only one of only four California cities with multiple consulates (the three other cities being Los Angeles, San Diego and San Francisco). The governments of Guatemala (opening July 2014) and Mexico have established their consulates in the downtown area of the city.[4]California State University, San Bernardino is located in the northeastern part of the city. The university also hosts the Coussoulis Arena. Other attractions in San Bernardino include ASU Fox Theatre,[5] the McDonald's Museum, which is located on the original site of the world's first McDonald's (at WikiMiniAtlas34.1255�N 117.2946�W), California Theatre, the San Bernardino Mountains, and San Manuel Amphitheater, the largest outdoor amphitheater in the United States. In addition, the city is home to the Inland Empire 66ers baseball team, they play their home games at San Manuel Stadium in downtown San Bernardino.[6]In July 2012, San Bernardino became the largest city to that date to choose to file for protection under Chapter 9 of the U.S. Bankruptcy code;[7][8] this has been superseded by Detroit's filing in July 2013. San Bernardino's case was filed on August 1. [9]San Bernardino is the poorest city of its population size in California, and the second poorest in the US next to Detroit, MichiganGovernment, retail, and service industries dominate the economy of the city of San Bernardino. From 1998 to 2004, San Bernardino's economy grew by 26,217 jobs, a 37% increase, to 97,139. Government was both the largest and the fastest-growing employment sector, reaching close to 20,000 jobs in 2004. Other significant sectors were retail (16,000 jobs) and education (13,200 jobs).[26] The Burlington Northern and Santa Fe Railway intermodal freight transport yard.The city's location close to the Cajon and San Gorgonio passes, and at the junctions of the I-10, I-215, and SR-210 freeways, positions it as an intermodal logistics hub. The city hosts the Burlington Northern and Santa Fe Railway's Intermodal freight transport yard, the Yellow Freight Systems' cross-docking trucking center, and Pacific Motor Trucking. Large warehouses for Kohl's, Mattel, Pep Boys, and Stater Bros. have been developed near the San Bernardino International Airport.[26]Over the last few decades, the city's riverfront district along Hospitality Lane has drawn much of the regional economic development away from the historic downtown of the city so that the area now hosts a full complement of office buildings, big-box retailers, restaurants, and hotels situated around the Santa Ana River.[citation needed]The closing of Norton Air Force Base in 1994 resulted in the loss of 10,000 military and civilian jobs and sent San Bernardino's economy into a downturn that has been somewhat offset by more recent growth in the intermodal shipping industry. The jobless rate in the region rose to more than 12 percent during the years immediately after the base closing. As of 2007 households within one mile of the city core had a median income of only $20,480, less than half that of the Inland region as a whole.[27] Over 15 percent of San Bernardino residents are unemployed as of 2012, and over 40 percent are on some form of public assistance.[28] According to the US Census, 34.6 percent of residents live below the poverty level, making San Bernardino the poorest city for its population in California, and the second poorest in the US next to Detroit.[10]Amazon.com has built a new 950,000-square-foot (22-acre) fulfillment warehouse on the south side of the airport, scheduled to open in fall of 2012, promising to create 1,000 new jobs, which will make it one of the city's largest employers

 

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Scott Truck & Haul have been operating their business since the mid 1980s. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the boom times from 2002 to 2007 Scott 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. Times were great for everyone, and the cash was flowing.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

 

. Worse still, it was noticed by Scott in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. And as spring turmed to summer and summer into the early days of fall, Stephen Warren, CEO of Scott felt a chill go down his spine whenever he would look at the weekly A/R reports. There was a growing list of clients who now owed them back debt.He had gone to his administrators and asked them what the problem had been. Were they doing things different, or wrong, when it came to collecting overdue accounts? By his bookkeepers records, this wasn't the case. Perhaps he was losing his customers to his competitor, who seemed to offer very low prices with no guarantee of quality or performance, and these clients who were in debt to his company had possibly disappeared leaving him stranded. They couldn't 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.To Stephen Warren the situation looked desperate. He had employees to pay, goods to ship, trucks to maintain and overhead that was almost unbearable when compared against the lack of funds that were coming in. At night he would speak to his wife Rebecca and shake his head in frustration.

 

""I have a bad feeling, Lin,"" he'd sadly say to his wife.""What could you do differently?"" she would ask.Stephen would stare off for a moment and then close eyes. In his mind he could clearly see the fleet of trucks purchased over the many years. He could see them traveling, bringing goods to all of his clients. 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 know what it is,"" Stephen said. ""I've relied too long on the profits I receive from invoices alone. For too long I've been allowing our clients to let their accounts become overdue."" All Rebecca could do was hold his hand and look at him tenderly. 'We know it's a difficult economy at the moment - perhaps it will take a while for people to get on top of their bills'.""Stephen knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds.The following day Stephen walked into his office with a spring in his step, determined to call each and every client who owed money to Scott 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. 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. A waste of time - a waste of money - he had the best intentions, but all the while Stephen was realising just how much trouble he was in.After a half day of contacting debtors in vain - they dodged his calls or promised to call back at worst or made minimal interest-only payments at best - he was about to throw in the towel when his secretary Lauraerley knocked at his door.

 

""Can I have a word with you Stephen?"" she asked standing in the doorway.

 

""Of course Laura, please come in."" Stephen relaxed back into his chair and looked up at Lauraerley.""Well Stephen, this afternoon I did some research, trying to work out how we're going to get out of this mess."" 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?"" she asked.""It does sound vaguely familiar. What is factoring""? he asked.She began, ""Well, it's really very simple. Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Stephen interrupted ""Immediately?"".""Yes, immediately,"" she continued, ""It's actually very simple. 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.. 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,� Stephen 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.

 

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.�Stephen was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Laura,"" he said.""Now, now, I know, I thought the same thing. But think about it, Stephen: 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 Stephen,"" she underlined a paragraph on the paper before him.""How flexible?"" asked Stephen.""They personalize the factoring rates so that the amount they are willing to take on is commensurate with our needs and our client�s debt. Apparently they can figure this all out in two to four days.

 

""""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,"" Stephen said.Stephen took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Exactly�. This could be the answer to our prayers: it will solve many problems we're facing due to these unpaid debts.""Stephen took a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Scott Truck & Haul were professional resources of the company, but they were also long-standing friends. They didn't want to throw away these relationships because they were having trouble paying their bills now. Stephen knew only too well that the whole economy was floundering, and that it was not going to change overnight. That unknown amount of time, if he handled these debtors incorrectly, could spell disaster for both of them. He didn't want to lose business but he also didn't want to lose any more money.""Well, let me think about this tonight Laura, thank you."" Laura nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Stephen keep the shirt on his back, and possibly hers too.Stephen 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 Scott 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. Stephen was surprised: it said that his company could get up to fifty percent cash advances on load pickups. Stephen was a typical business man: he despised binding contracts that didn't allow room to breathe, 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.""Well, I'll have to tell Jacob about this,"" muttered Stephen to himself.Jacob is Stephen's son-in-law, and he really admired the ideas behind Scott, so much so that only two years before he had started his own transportation service business. At that time Stephen knew the struggles Jacob would face, but he still encouraged him to follow his dream. With the faltering economy, if a big fish like Scott was hurting, a little guy like Jacob 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 Stephen was beginning to find his way out of the hole his debtors had created for him.They adopted reasonable factoring purchase contracts and stopped wasting their own precious time trying to collect debts. They used that time to refocus their efforts in being competitive in new territories. Stephen 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.

 

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More Trucking Factoring Companies Story Articles

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

 

Joe�s father had started as an owner-operator and had grown Stewart Trucking Company into a fifteen trailer fleet over forty years. Yes, they had survived some very difficult times when it appeared like they might go under, and even Joe's mother had jumped into the cab at times to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. Now the company was solely in Joe�s hands and he wanted to live to see it in better shape for his sons.

 

To move Stewart Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. He had employees to pay. 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 agricultural and energy equipment. Every time he had to turn down a request, Stewart 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. Joe chuckled, thinking about his father. He remembered when his father was totally against installing GPS units in the cabs. He would say, �Why do you need the voice of some woman to tell you to get off at an exit that has been the same exit that has been there for years?� He smiled to himself as he remembered his father poking fun at the other drivers who switched to automatic, even though automatic was quite obviously more efficient (though less manly). His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.

 

Joe believed a successful man is always thinking of his next step. How would he take Stewart Trucking to the next level? More importantly, how could he afford it? Business funding was tied up in fuel bills and the mortgage for the garage and office. 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? There was a lot he didn�t understand about the process. It sounded a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. 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.

 

Joe had to really consider what his next step was going to be. Joe 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. Worse still, if the customer defaulted on payment, the factoring company takes it out of the money supposedly 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. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He was quite happy to sign an exclusive contract. In fact, he was quite pleased with the idea of a long-term contract because he knew this was a one-off and he wouldn't have to keep going back and forth to different companies. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. He was more than happy with the figures he was offered in percentage terms on the freight bills. It was good money.

 

For Joe it was quite a relief to be dealing with the factoring company. They were extremely helpful and more personable than the bank staff. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies 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 Joe 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 have any problems, nor would they think poorly of Stewart Trucking, because the factoring companies handle themselves in such a polite and professional manner, similar to the way his father had managed the business in the past.

 

Feeling happier now, Joe 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, Joe could actually expand Stewart 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?� Dale Ward asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Dale smiled at him, shaking her head.�Not quite,� she said.Dale Ward 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 Tyler. He named his business Bailey Trucking, named after Charles and Nicholas, his two grandfathers. Both of these men had been very hardworking and had set a great example for Tyler.Six months ago disaster struck Tyler's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. Dale 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 Dale 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.Dale 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 Bernice and she worked for a factoring company. Dale 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.Bernice 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. That way we�re protected from a complete loss, but you�re protected from the outrageous fees you would find in a loan from the bank.Dale nodded. It sounded good to him, almost too good.The woman laughed. �I'm not sure that you believe me,� she said.�Oh no, I do: it just sounds too good to be true. I actually thought I might end up losing my business.�Bernice nodded. �We get that a lot. 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.��Well, I'm very grateful that you came to see me today.��It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� Bernice said with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Dale filled the form out, with Bernice available to help him if he needed it. The completed profile gave Bernice and her company all the information they needed on Tyler's business, and with this information they would determine if this business would in fact be 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 Dale completed his form, Bernice listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Bernice took it and slid it into her briefcase. Standing up, she reached over the desk and shook Tyler's hand. He stood before they shook as well, and then smiled. Dale walked Bernice 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 shut his eyes. He felt so drained: he had been flailing helplessly for so long, he just knew his business was going to collapse and probably take him with it. Talking to Bernice 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 sudden panic attacks, not matter where he was. He could feel it all fading 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 to sort out his problems.Dale couldn�t help but think back to when he had first started the business. At twenty-two and straight out of school he had opened a restaurant. It had been really successful. Home cooking in his hometown, and he had done very well.But he had gotten bored. His passion didn�t lie with 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 Bailey Trucking. So he did it. Once again he built 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 nearing fifty. He was concerned that he just didn't have the energy left to try and save the business. 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 himself and for his staff members.And now, because of factoring, he was sure he wouldn�t have to. Tyler's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. He could be thankful later, for now, it was time to work.

 

 

 

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Reasons why Truck Agencies Work with Factoring Firms.

 

As the operator of your own business, you may perhaps be much more than wary already of the difficulty in making certain that capital concerns do not become a difficulty down the line. After all, the most disappointing thing that can potentially transpire for your business is to find yourself involved in a long and difficult predicament that leaves you forever searching for the cash you necessitate on an recurring manner.

 

For virtually any establishment in this circumstance, the complication can come for waiting for work to clear up and actually be paid out into your balance. Invoices, checks, and the like could take a while to actually to beprocessed which can leave you with temporary capital dilemmas. Thankfully, there are alternatives out there for businesses to look into-- and just one of these is factoring agencies.

 

Factoring firms will, in trade for your statements, supply you with the cash today so that you don't need to worry about the waiting duration that could make paying the bills and purchasing toolsmore difficult. With this sort of setup, invoice factoring can become extremely beneficial for various businesses who need to get out of a money ploy which they have discovered themselves in.

 

Due to the fact that, depending on the scale of the job, it can take up to 60 days for several businesses to get paid then it's significant to take care of your own back and definitely not leave yourself money short to settle the monthly bills. After all, how many business enterprises possess two months revenue just lying there to cover all their expenditures till they earn?

 

This is especially true of trucking enterprises. They usually handle bunches of accounts which means a serious volume of collection time entails company owner themselves. Seeking to get compensated promptly can eventually become an amazing hassle and this is why you make use of trucking factoring agencies who are happy to help out truckers mainly.

 

As we all recognize, trucking is an extremely large field with lots of organizations out there working with hundreds of vehicle drivers. Sadly, plenty of these drivers end up in income problems given that they are still waiting on work from six weeks earlier to actually compensate them. When this is the case for a truck agency, consulting factoring firms for solutions might be the best choice left.

 

This signifies that a truck business can pay the paychecks of the crew, keep all the cars loaded with fuel and continue to go up, thrive and expand without constantly waiting for the cash which is taking too prolonged to come in. Trucking Companies functioning without a factoring program established are leaving themselves at notable risk, as competitions cash out rapidly and proceed to grow.

 

There's absolutely nothing to be distressed about when it comes to working with a Factoring firm-- they commonly are not like a bank or any individual who is going to leave you with a substantial stockpile of liability to pay back. You give them authentic invoices from work you have already finalized , you are only expediting the payment process.

 

In the United states of America, where trucking establishments prosper, factoring companies are not considered borrowing in any capacity. This confidential settlement then lets both parties to benefit and experience a good future-- it provides the factoring business a guaranteed asset of revenue to add to the list and it offers the trucking company the needed money that they worked hard to obtain.

 

The trucking business provides their accounts to the factoring enterprise. The trucking factoring firm then obtain the payment amounts from the trucking company's customers. Factoring has been in existence for hundreds of years and has been adopted for several years by a lot of varying business-- but none much more so than truckers. While you could miss out on a small part of the money, something like 1-3 % depending upon who you deal with, it means that you are receiving the funds today and can actually start off putting the resources to operate.

 

Once and for all, an IOU or an invoice is certainly not going to fund costs, is it? For trucking enterprises when the finances can be good one day and gone the next, it's up to the drivers to work sensibly and to guarantee they are leaving themselves with a notable measure of time and finance to get through the week until they are handed over once again.

 

So the next moment your trucking enterprise is having some momentary cash flow problems and you are investing an excessive amount of time chasing inactive paying clienteles, why not start considering using a factoring companies as a way to get your finances and give yourself a more convenient future in the eyes of your trucking crew and your bank dividend?

 

 

 

 

 

 

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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. 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. Plus, the amount you apply for through the bank is the actual amount that you are going to receive. 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 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 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, and providing cash as you require it.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. There is no debt. Since the Trucking Factoring company actually buys your accounts receivable you don't actually incur debt like you do with a bank loan. This has many benefits including the fact, that this type of financing won't affect either your business credit rating or your personal credit rating. In the event that your business fails, you wouldn't have to be concerned about someone coming after your personal or your business assets in order to pay off a loan. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.

 

2. No Collateral Required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you aren't required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. 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 are being 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. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. Borrowing from a bank begins with vast amounts of paperwork, the loan must be underwritten, and this can take ages before you're notified if the loan has been approved.

 

4.Interest is Paid Up Front. With a bank loan interest continues to build, and this has to be paid the whole time you have a business loan; however with a Trucking Factoring company there is no interest - they take it right off the top by deducting it from the total amount of receivable accounts. So you don't have to worry about monthly loan repayments, and you don't have to worry about the amount of interest payable, because all the money in the account is yours to spend.

 

As you can see, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a 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. The Trucking Factoring company takes over that chore, since it is now their money to collect. Trucking Factoring companies are very efficient at debt collecting, and this frees up your valuable time to devote to running your company.

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.A Trucking Factoring company is not the only method of gaining access to finance for the running and growing of your business, however it does offer a financing option well worth considering.

 

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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