Home page

How You can Get a Quick Loan of $50,000 - Our Receivable Financing Company Can Give Your Truck Company The Cash Your Company Needs


at medicalaccountsreceivable.org

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

freight factoring companies california trucking factoring company trucking factoring service trucking factoring company

 

Factoring invoices is helpful for numerous reasons. It allows a trucking business to raise money without getting new debt. While debt is often needed, most truck companies would prefer to raise cash without obtaining money. Financial obligation is dangerous, and when it can not be repaid, assets can be repossessed. If the debt is huge enough, it could even force a trucking companies out of business.

 

To Companies Who Want To Write - but Can't Get Started - Choose A Factoring Company Instead Of A Traditional Bank Financing

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

At one time or another, every company, even effective ones, have experienced bad cash flow.

Cash flow does not have to be an issue any ever more. Do not be deceived -- banks are not the only places you can get funding. Other solutions are offered and you do not have to borrow. What is truck factoring ? One solution is called trucking factoring. Truck Factoring is the process of selling accounts receivable to a financier instead of waiting to gather the money from the customer. Oh, the Irony- Trucking factoring has an ironic distinction: It is the monetary backbone of many of America's most effective businesses. Why is this ironic ? Because receivable loan funding is not taught in business colleges, is seldom discussed in company strategies and is fairly unknown to the majority of most of American business individuals.

Yet it is a monetary process that frees billions of dollars every year, enabling thousands of businesses to grow and succeed. Accounts Receivable Factoring has actually been around for countless years. Receivable Funding Businesses are investors who pay money for the right to receive the future payments on your invoices. An overdue receivable or invoice has value. It is a debt your client has actually to pay in the near future. Factoring Principals--Although factoring offers solely with business-to-business transactions, a large percentage of the retail business utilizes a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail transactions. Using the purest meaning of the word, these large customer finance business are really simply big Staffing Factoring Companies of customer paper. Consider it: You purchase at Sears and charge it to your MasterCard. The store gets paid practically immediately, although you do not make payment until you are prepared.

For this service, the charge card company charges Sears a fee (typical common normal charges vary from two to four percent of the sale). The Benefits Invoice Factoring can provide many benefits to cash-hungry business. Instead of waiting 30, 60, 90 days or longer for payment on an item that has actually already been provided, a business can factor (sell) its receivables for money at a little discount off the dollar value of the invoice. Payroll, advertising efforts, and working capital are just a few of the business requirements that can be met with instant  money.

Receivable Funding offers the means for a manufacturer to renew stock and make even 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 cash management device for manufacturers: Almost any type company can benefit from FACTORING. Typically, a business that extends credit will have 10 to 20 percent of its annual sales tied up in accounts receivable at any given time. Think for a moment about exactly how much is tied up in 60 days' worth of invoices: You can not pay the power bill or today s payroll with a client s invoice, but you can sell that invoice for the money to satisfy those obligations. Using truck factoring companies is a fast and easy process. The factoring company buys the invoice at a price cut, usually a few percentage points less than the stated value of the invoice.

 

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

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

 

 



 

 

The American Transportation Organization states that there around 195,000  truck drivers with transportation businesses and 250,000 private companies trucking companies licensed to operate in the U.S. that  transferred, according to their most current searchings for billions of  products, materials and basic materials . There are a number of  common carriers either going solo or in teams on our country highways transferring these crucial items to our shops, factories and ports.

Also trucking factoring businesses benefit numerous of them and offer their receivable loan services 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

jacksonville-invoice-factoring-companies

 

View Our Freight Factoring YouTube Videos For More Information

 

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

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

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

 

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

 

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

 

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

 

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

 

The largest trucking companies in the U.S. set a revenue record in 2013, but revenuegrowth slowed for the second year in a row.

The combined revenue of the 50 largest motor carriers rose to $106.6 billion last year, according to The JOC Top 50 Trucking Companies list, based on data prepared by SJ Consulting Group in Pittsburgh.

 

 

 

 

 

"

Jacksonville's location on the St. Johns River and the Atlantic Ocean proved providential in the growth of the city and its industry. Jacksonville has the largest deepwater port in the South (as well as the second-largest port on the U.S. East coast) and a leading port in the U.S. for automobile imports, as well as the leading transportation and distribution hub in the state. However, the strength of the city's economy lies in its broad diversification. While the area once had many thriving dairies such as Gustafson's Farm and Skinner Dairy, this aspect of the economy has declined over time. The area's economy is balanced among distribution, financial services, biomedical technology, consumer goods, information services, manufacturing, insurance and other industries.Jacksonville is a rail, air, and highway focal point and a busy port of entry, with Jacksonville International Airport, ship repair yards and extensive freight-handling facilities. Lumber, phosphate, paper, cigars and wood pulp are the principal exports; automobiles and coffee are among imports. The city's manufacturing base provides just 4.5% of local jobs, versus 8.5% nationally.[67] According to Forbes in 2007, Jacksonville, Florida ranked 3rd in the top ten U.S. cities to relocate to find a job.[68] Jacksonville was also the 10th fastest growing city in the U.S.[69]Jacksonville is home to many prominent corporations and organizations, including the headquarters of four Fortune 500 companies: CSX Corporation, Fidelity National Financial, Fidelity National Information Services and BI-LO (United States) including it's subsidiary Winn-Dixie Stores, Inc..[70] In addition to CSX, the Florida East Coast Railway as well as Swisher International Group and the large short line railroad holding company RailAmerica are also based in Jacksonville.In 2008, Jacksonville had approximately 2.8 million visitors who stayed overnight, spending nearly $1 billion. Research Data Services of Tampa was commissioned to undertake the study, which quantified the importance of tourism. The total economic impact was $1.6 billion and supported nearly 43,000 jobs, 10% of the local workforce.[71]Cecil Commerce Center is located on the site of the former Naval Air Station Cecil Field which closed in 1999 following the 1993 Base Realignment and Closure (BRAC) decision. Covering a total area of 22,939 acres (92.83 km2), it was the largest military base in the Jacksonville area. The parcel contains more than 3% of the total land area in Duval County (17,000 acres (69 km2)). The industrial and commercial-zoned center offers mid to large-size parcels for development and boasts excellent transportation and utility infrastructure as well as the third-longest runway in Florida.To emphasize the city's transportation business and capabilities, the Jacksonville Regional Chamber of Commerce filed Jacksonville America's Logistics Center as a trademark on November 9, 2007. It was formally registered on August 4, 2009.[72] Cornerstone began promoting the city as ""Jacksonville: America's Logistics Center"" in 2009. Signs were added to the existing city limit markers on Interstate 95.[73]Jacksonville is home to multiple military facilities, and with Naval Submarine Base Kings Bay nearby gives Jacksonville the third largest naval presence in the country.[74] Only Norfolk, Virginia and San Diego, California are bigger. The military is by far the largest employer in Jacksonville and its total economic impact is approximately $6.1 billion annually.[75] Blount Island Terminal with the Dames Point Bridge in the background.Naval Air Station Jacksonville is a military airport located 4 miles (6.4 km) south of the central business district. Approximately 23,000 civilian and active-duty personnel are employed on the base. There are 35 operational units/squadrons assigned there and support facilities include an airfield for pilot training, a maintenance depot capable of virtually any task, from changing a tire to intricate micro-electronics or total engine disassembly. Also on-site is a Naval Hospital, a Fleet Industrial Supply Center, a Navy Family Service Center, and recreational facilities.Naval Station Mayport is a Navy Ship Base that is the third largest fleet concentration area in the United States. Mayport's operational composition is unique, with a busy harbor capable of accommodating 34 ships and an 8,000-foot (2,400 m) runway capable of handling any aircraft used by the Department of Defense. Until 2007, it was home to the aircraft carrier USS John F. Kennedy, which locals called ""Big John"". In January 2009, the Navy committed to stationing a nuclear-powered carrier at Mayport when the official Record of Decision was signed. The port will require approximately $500 million in facility enhancements to support the larger vessel, which will take several years to complete.[76] The carrier is projected to arrive in 2019, however an amphibious group is coming sooner.[77]Blount Island Command is a Marine Corps Logistics Base whose mission is to support the Maritime Prepositioning Force (MPF) which provides for rapid deployment of personnel to link up with prepositioned equipment and supplies embarked aboard forward deployed Maritime Prepositioning Ships (MPS).USS Jacksonville, a nuclear-powered Los Angeles class submarine, is a US Navy ship named for the city. The ship's nickname is The Bold One and Norfolk, Virginia is her home port.The Florida Air National Guard is based at Jacksonville International Airport.Coast Guard Sector Jacksonville is located on the St. Johns River next to Naval Station Mayport. Sector Jacksonville controls operations from Kings Bay, GA south to Cape Canaveral, FL. The CGC Kingfisher, CGC Maria Bray, and CGC Hammer are stationed at the Sector. Station Mayport is co-located with Sector Jacksonville and includes 25-foot (7.6 m) Response Boats, and 47-foot (14 m) Motor Life Boats.The Port of Jacksonville, a seaport on the St. Johns River, is a large component of the local economy. Approximately 50,000 jobs in Northeast Florida are related to port activity and the port has an economic impact of $2.7 billion in Northeast Florida

 

"

"

Hayes Truck and Haul has been in business since the mid 1980s. For more than twenty years they've been delivering goods for most major industries in the nation, with business booming as they traversed the country, in all kinds of weather, for all kinds of clients. During the boom times from 2002 to 2007 Hayes 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

 

. And worse yet, Hayes had noticed during the early part of 2008 that though the bulk of their clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. And as spring turmed to summer and summer into the early days of fall, Antonio Rogers, CEO of Hayes 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 already been to the administrators to ask what the actual problem was. Were they doing things different, or wrong, when it came to collecting overdue accounts? 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 Hayes money had jumped ship and decided to leave him holding the bag.

 

. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Hayes hadn't gone elsewhere. They had just gone home.The situation looked dire to Antonio Rogers. 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. In the evenings he would discuss his concerns with his wife, Robin, and still find no relief from the worry and frustration.

 

""Lin, I have a really bad feeling,"" he'd sadly say to his wife.""What could you do differently?"" she would ask.Antonio would stare off for a moment and then close eyes. He could see the fleet of trucks he had purchased over the years. He could see them 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,"" Antonio said. ""I've relied too long on the profits I receive from invoices alone. I've let too many of our customers go too long without paying on their bills."" All Robin 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'.""Antonio knew very well that Robin was only trying to help, but his responsibilities weighed heavily on his shoulders and he knew he had better do something soon to resolve this situation.The following day Antonio walked into his office with a spring in his step, determined to call each and every client who owed money to Hayes Truck & Haul. This wasn't really a very efficient way for a Chief Executive to spend his day, and Antonio knew he should be overseeing all the other sides of the business, such as shipments and deliveries, approaching prospective customers, or working with his sales team. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. Wasting money, wasting time - even with the best of intentions, Antonio knew that he was in trouble.

 

Poor Antonio 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.

 

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

 

""Of course Tanya, please come in."" Antonio leaned back in his chair and looked expectantly at Tanyaerely.""Well Antonio, 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 it?"" he said.She began, ""Well, it's really very simple. So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Antonio interrupted ""Immediately?"".""Immediately, yes"" she added, ""In a nutshell, it's 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.��I see,� Antonio said. �And then what?��Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. There�s a lot of flexibility depending on the business volume and credit histories. 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.�Leaning forward, Antonio studied the documents very closely.""I don't know, Tanya - it just sounds too good to be true"", Antonio said quietly.""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, Antonio,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked Antonio.""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. 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,"" said Antonio.Antonio took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Exactly�. This could very well be the answer to resolving the problems we're having with these clients who still owe us money.""Antonio 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 Hayes. Just because they were experiencing difficulties paying their own bills now, Antonio was very concerned about losing these relationships. Antonio knew that the economy had taken a hit and he knew that it would probably be a long time before things started to look up again. That unknown amount of time, 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 Tanya, thank you."" Tanya nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Antonio keep the shirt on his back, and possibly hers too.Antonio stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. What other issues could freight factoring help Hayes 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. Antonio was surprised: it said that his company could get up to fifty percent cash advances on load pickups. Antonio 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 Nicholas about this,"" muttered Antonio to himself.Nicholas is Antonio's son-in-law, and he really admired the ideas behind Hayes, so much so that only two years before he had started his own transportation service business. At that time Antonio knew the struggles Nicholas would face, but he still encouraged him to follow his dream. With the economy the way it was, if an established company such as Hayes was struggling then the little guys, like Nicholas, were going to be in even more trouble.

 

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 Antonio 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 took that time and refocused effort to offering competitive prices in new territories. Antonio recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. If Antonio hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

More Trucking Factoring Companies Story Articles

Factoring in the Future of a Trucking Business: A Story The phone was ringing on his desk, and Jimmy Diaz just sat there letting it ring. His morning coffee cooled and his cigarette smoked away in the tray: Jimmy is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Diaz Trucking Company was at a turning point of growth and Jimmy had to decide if signing with a factoring company was the right way forward.

 

Jimmy�s father had started as an owner-operator and had grown Diaz Trucking Company into a fifteen trailer fleet over forty years. There had been some hard times when it seemed everything was going to go under and even Jimmy�s mother strapped herself into a cab to make hauls. His father had lived long enough to witness the price of hires drop during the recession and watch the eruption of fuel prices afterwards. But now things were different: the company was in Jimmy's hands and he needed to ensure that this business would be left in great shape for his sons.

 

There just never seemed to be enough money to go around, and certainly no spare cash, but to move his company successfully into the future he needed a steady and reliable cash flow. His employees needed to be paid. They all have families and the usual household bills. 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. He knew that turning down these requests made Diaz Trucking look inefficient and weak in what was currently a strong market.

 

His father would have told him to wait and to take his time adding on new technology. Jimmy allowed himself a good hard chuckle. 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). 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.

 

Jimmy knew he was right in his forward thinking. How would he take Diaz Trucking to the next level? More importantly, how could he 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 didn't really understand how it all worked. It sounded a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. The factoring company gives the trucking business its payment right away which allows the business to have continuous cash flow so it can pay employees, buy fuel, and make repairs for upcoming hauls. Without this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Jimmy 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! 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?

 

However, it all turned out to be very simple. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He was quite happy to sign an exclusive contract. He liked the idea of a long term commitment so he knew he wouldn�t have to bother going back and forth to different companies and wasting time filing more forms. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. Many companies offered a non-recourse factoring program that suited him just fine. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It sounded like a great scheme to him.

 

It was really refreshing dealing with the factoring people. They were more personable than those loan managers at the bank. It seemed as though those bank people spoke another language, but these factoring guys knew the trucking business and spoke to him like a client, not like a beggar for a handout. The factoring companies were not interested in his credit nor the financial problems his father had experienced in the past. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Jimmy because he and his father had created a very strong and loyal list of clientele over the years. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients wouldn�t think poorly of Diaz 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, Jimmy 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. He suddenly realized that, with this new cash flow, he could actually expand Diaz Trucking Company and who knows, move into Canada, which had always been his dream. His heart felt full knowing his sons wouldn�t have to worry about money because of the right decisions he had made for their trucking business.

 

 

 

 

Watch Our Truck Factoring Companies Videos For More Information

 

 

 

 

 

 

Trucking Factoring  Articles

�So, this is not a loan?� Douglas Shaw asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Douglas smiled at him, shaking her head.�No, not exactly,� she stated.Douglas Shaw owned a small trucking company, and his business had recently fallen on difficult times. Trucking could be a profitable business, and for a little under a decade, it had been for Sidney. His company was called Bennett Trucking, named after both of his grandfathers, Eric and Kelly. They had both been hardworking men, and had done a lot to make Douglas the same.Six months ago disaster struck Sidney'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. Douglas depended on his full fleet, and missing two trucks was devastating . In addition, he just didn't have the available cash to buy a new truck, plus repair the other one.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.Douglas wasn�t a bad owner, and he hadn�t messed up. Things had happened that he couldn't have predicted, and he had to figure out a way to keep his business from hurting, or even going under.That�s where the woman across the desk came in. Her name was Robin and she worked for a factoring company. Douglas had come across her company as he sat in his office late one night, pouring over the internet for some solution to his problem long after his employees had gone home.She sat there now, and explained. �It�s not a loan, we purchase your accounts receivable. We're not giving you finance to be repaid later: we're purchasing something from you, and when you can you can buy it back. This is a win-win situation: we're protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Douglas agreed. It sounded good to him, almost too good.The woman laughed. �You look like you don�t believe me,� she said.�Oh no, I do: it just sounds too good to be true. I thought I was going to lose my company.�Robin smiled, agreeing. �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.��In any case, thank you for coming to see me.��It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� said Robin with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Douglas completed the form, with Robin offering advice as needed.

 

The profile filled Robin and her company in on Sidney�s company, and would help them determine if he was suitable for factoring. Unfortunately, not all companies are. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. Listening as Douglas filled out his form, Robin was pretty sure he was a perfect candidate for factoring.Robin took the completed form and placed it in her briefcase. Standing up, she reached over the desk and shook Sidney's hand. He stood before they shook as well, and then smiled. They said their goodbyes and Douglas walked her to the door, and then returned to his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He shut 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 Robin and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The sudden panic attacks, not matter where he was. He could feel it all fading away. He 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.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 really 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 long and hard, and then he decided to sell the restaurant. He took half a year off, and in that time he thought to start Bennett Trucking. So he did it. For the second time in his short life he created a company from the ground up. The business had been an instant success.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was nearing fifty. He was concerned that he just didn't have the energy left to try and save the business. But he couldn�t give up. Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically sick some nights. He didn�t know how to say quit.And now, because of factoring, he was sure he wouldn�t have to. Douglas opened his eyes, sat forward, turned his computer on. He had lots to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.

 

 

 

More Trucking Factoring Company Story Articles

Why Truck Establishments Make use of Factoring Companies.

 

As the owner of your own business, you may likely be more than perceptive already of the challenge in making certain that cash flow concerns do not become a dilemma down the line. After all, the worst thing that can in all probability take place for your establishment is to find yourself swept up in a long and perplexing circumstance that leaves you forever trying to find the money you need to have on an recurring manner.

 

For virtually any business in this predicament, the trouble can come for waiting for work to lapse and actually be paid out into your balance. Statements, checks, and the like could take a long time to actually to beprocessed which may leave you with momentary cash flow problems. Thankfully, there are approaches out there for industries to explore-- and just one of these is factoring firms.

 

Factoring firms will, in trade for your invoices, give you with the resources right now in order that you don't have to stress over the waiting phase that could make paying out the bills and acquiring toolsmore tough. With this type of setup, invoice factoring can come to be exceptionally valuable for lots of establishments who ought to get out of a money pitfall which they have found themselves in.

 

Due to the fact that, relying on the size of the job, it can take up to 60 days for some businesses to get paid then it's vital to cover your own back and not leave yourself resources short to settle the monthly bills. After all, how many companies have two months cash flow just occupying there to cover all their spendings till they make money?

 

This is specifically correct of truck enterprises. They generally handle good deals of statements which means a notable quantity of collection period demands company owner themselves. Trying to get paid out promptly can eventually become an unbelievable difficulty and this is the key reasons why you make use of trucking factoring providers who are delighted to help out truckers exclusively.

 

As most of us recognize, trucking is an incredibly large business with countless companies out there handling hundreds of vehicle drivers. Regrettably, many of these drivers land up in cash issues since they are still expecting work from six weeks previously to actually pay them. When this is the scenario for a trucking company, turning to factoring firms for solutions could be the best alternative left.

 

This signifies that a trucking organization can pay the paychecks of the people, keep all the vehicles loaded with fuel and continue to scale, evolve and expand without constantly waiting for the finances which is taking too long to come in. Trucking Companies operating without a factoring system put in place are leaving themselves at significant danger, as rivals cash out quickly and go on to expand.

 

There's honestly nothing at all to be troubled about when it comes to employing a Factoring business-- they usually are not like a banking company or a person who is going to leave you with a big pile of financial obligation to pay back. You give them authentic invoices from job you have already accomplished , you are simply expediting the payment system.

 

In the United States, where truck enterprises survive, factoring providers are not considered borrowing in any capacity. This confidential settlement then enables both groups to profit and indulge in a convenient future-- it gives the factoring business a secured resource of money to include in the list and it offers the trucking firm the needed funds that they sweated to generate.

 

The trucking enterprise bestows their statements to the factoring agency. The trucking factoring agency then collect the installment payments from the trucking company's customers. Factoring has been in existence for hundreds of years and has been used for long times by plenty of diverse markets-- but none more so than truckers. While you could miss out on a small part of the money, something like 1-3 % depending upon who you partner with, it means that you are receiving the resources today and can actually start setting the resources to work.

 

Anyway, an IOU or an invoice is not actually going to pay for bills, is it? For trucking agencies when the cash can be very good one day and gone the next, it's up to the vehicle drivers to work sensibly and to make certain they are leaving themselves with a substantial quantity of time and finance to get through the week until they are paid again.

 

So the next occasion your trucking enterprise is enduring some momentary cash flow issues and you are investing too much time chasing slowly paying clients, why not begin thinking of using a factoring businesses as a manner to get your cash and give yourself a more at ease future in the eyes of your trucking crew and your bank dividend?

 

 

 

 

 

 

"

Traditional 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. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 80%-95%. The amount of money you can receive is based on the amount of money you have earned and the accounts receivable you are willing to �sell.� Once you have set up Trucking Factoring account it continues as long as you wish it too and the amount of money available to you even can grow as your business grows, giving you the ready cash you need to meet your own obligations.

 

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 Won't Incur Debt. You don't incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. 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. Should the unforeseeable happen and your business fails, you won't 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. There's 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. 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. 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. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you don't have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So you don't have to worry about monthly loan repayments, and you don't have to worry about the amount of interest payable, because all the money in the account is yours to spend.

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The most important benefits is that once you sell your accounts receivable to the factory company, you don't have to take time away from running your business to collect the money owed from reluctant to pay customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very efficient at debt collecting, and this frees up your valuable time to devote to running your company.

 

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

 

"

 

 

 

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