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Advice to Companies Whose Cash Flow is Troubling - Our Freight Invoice Factoring Company Can Provide Your Truck Company The Money You Want


at medicalaccountsreceivable.org

and St-Louis-Invoice-Factoring-Companies.medicalaccountsreceivable.org.

trucking invoice factoring companies freight invoice factoring transportation factoring trucking trucking factoring companies reviews

 

Factoring invoices is useful for several reasons. It allows a trucking company to raise cash without obtaining brand-new financial obligation. While debt is occasionally required, the majority of trucking companies would choose to raise cash without obtaining cash. Debt is dangerous, and when it can't be paid back, possessions can be repossessed. If the debt is large enough, it may even require a trucking companies out of business.

 

Don't Even Think About Gpoing To The Bank Without Reading This Report - Select A Freight�Invoice Factoring Company  Instead Of A Traditional Bank Financing

Exactly how to Increase Cash Flow Without Borrowing -Cash Money flow is among the primary reasons companies fail.

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

Money flow does not have to be a problem any ever more. Do not be deceived -- banks are not the only places you can get financing. Other options are available and you do not have to borrow. Exactly what is trucking factoring ? One solution is called trucking factoring. Trucking Factoring is the procedure of selling accounts receivable to an investor rather than waiting to collect the cash from the customer. Oh, the Irony- Trucking factoring has a paradoxical distinction: It is the monetary backbone of numerous of America's most effective businesses. Why is this ironic ? Because factoring is not instructed in business colleges, is rarely discussed in company strategies and is fairly unknown to the majority of most of American company people.

Yet it is a monetary procedure that frees billions of dollars every year, enabling thousands of companies to grow and succeed. Receivable Loan Financing has been around for countless years. Receivable Financing Businesses are investors who pay money for the right to get the future payments on your invoices. An overdue receivable or invoice has value. It is a debt your client has agreed pay in the near future. Factoring Principals--Although factoring offers exclusively with business-to-business transactions, a big portion of the retail company uses a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail deals. Utilizing the purest meaning of the word, these large consumer finance business are really simply big Factoring Businesses of consumer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The shop makes money almost instantly, even though you do not pay up until you are ready.

For this service, the charge card company charges Sears a charge (typical common normal fees vary from two to four percent of the sale). The Advantages 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 company can factor (sell) its receivables for money at a little discount off the amount of the invoice. Payroll, marketing efforts, and working capital are simply a few of the business requirements that can be met with instant  money.

Receivable Loan Funding offers the ways for a manufacturer to replenish inventory and make even more products to offer: There is no longer a requirement to await for earlier sales to be paid. Receivable Loan Financing is not just a money management tool for producers: Practically any type company can benefit from Receivable Funding. Generally, a business that extends credit will have 10 to 20 percent of its yearly sales bound in accounts receivable at any given time. Think for a minute about exactly how much is bound in 60 days' worth of invoices: You can not pay the power expense or today s payroll with a customer s invoice, but you can offer that invoice for the cash to satisfy those obligations. Using truck factoring companies is a fast and simple process. The factor buys the invoice at a price cut, typically a few portion points less than the face value of the invoice.

 

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The United states Truck Organization specifies that there around 205,000  workers with freight trucking businesses and 300,000 private companies trucking companies certified to operate in America that  transported, according to their newest data of millions  products, materials and standard materials . There are a number of  usual providers either going solo or in groups on our nation roads carrying these crucial items to our stores, manufacturing facilities and harbors.

And freight invoice  factoring corporations support several of them and offer their receivable loan facilities nationwide 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:

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.

 

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.

 

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.

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.

 

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.

 

 

 

 

 

St. Louis, the second-largest city in Missouri, is located in the east central part of the state on the Mississippi River. The city is independent and is not part of any county.St. Louis was founded by the French in 1764 when Auguste Chouteau established a fur-trading post and Pierre Lacl�de Liguest, a New Orleans merchant, founded a town at the present site. They named it after King Louis XV of France and his patron saint, Louis IX. From 1770 to 1803, St. Louis was a Spanish possession, but it was ceded back to France in 1803 in accordance with the Treaty of San Ildefonso (1800), only to be acquired by the U.S. as part of the Louisiana purchase later that year.The town was incorporated in 1809. From 1812 to 1821, St. Louis was the capital of the Missouri Territory, and it was incorporated as a city in 1822.John Jacob Astor opened the Western branch of the American Fur Company in 1819, and the city prospered during the early part of the 19th century as a commercial center for the fur trade. St. Louis continued to grow as a major transportation hub with the development of steamboat traffic and the later expansion of the railroads in the 1850s. The world-famous Louisiana Purchase Exposition was held here in 1904.Manufacturing is important to the city's economy, and its highly developed industries include automobiles, aircraft and space technology, metal fabrication, beer, steelmaking, chemicals, food processing, and storage and distribution.The giant stainless steel Gateway Arch, 630 ft high, standing on the banks of the Mississippi, symbolizes St. Louis as the Gateway to the WestSt. Louis is an independent city[7] and a major United States port in eastern Missouri. The city reaches the western banks of the Mississippi River, which forms Missouri's eastern border with Illinois. At the 2010 census, St. Louis' population was 319,294 and a 2013 estimate put the population at 318,416,[6] making it the 58th-most populous U.S. city in 2013 and the second largest city in the state. The St. Louis metropolitan area, known as Greater St. Louis (CSA), includes the city as well nearby areas in Missouri and Illinois and is among the 20 largest metropolitan areas in the United States with a population of 2,900,605.The city of St. Louis was founded in 1764 by Pierre Lacl�de and Auguste Chouteau, and named for Louis IX of France. After the Louisiana Purchase, it became a major port on the Mississippi River. In the late 19th century, St. Louis became the fourth-largest city in the United States. It seceded from St. Louis County in March 1877, allowing it to become an independent city and limiting its political boundaries. In 1904, it hosted the Louisiana Purchase Exposition and the 1904 Summer Olympics. The city's population peaked in 1950, then began a long decline that continues in the 21st century. Immigration has increased, and it is the center of the largest Bosnian population in the world outside their homeland.The economy of St. Louis relies on service, manufacturing, trade, transportation of goods, and tourism. The city is home to several major corporations, including Express Scripts, Peabody Energy, Ameren, Ralcorp and Sigma-Aldrich. St. Louis is home to three professional sports teams: the St. Louis Cardinals, one of the most successful Major League Baseball clubs, the St. Louis Blues of the National Hockey League, and the St. Louis Rams of the National Football League. The city is commonly identified with the Gateway Arch, which is part of the Jefferson National Expansion Memorial in downtown St. Louis.

 

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Porter 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 Porter Truck & Haul was the mastermind of a top-rated accounts receivable in the trucking industry. Very few customers were behind on their bills, and those customers who were late turned in their overdue payments within an acceptable time frame. Cash was flowing and times were good for all.It was just one year later, in 2008, when the economy in the United States took a sharp decline, and both large and small businesses started to notice the squeeze on their pocketbooks: everyone had suddenly gone silent. Business slowed down. And worse yet, Porter 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, Jesus Vargas, CEO of Porter 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. 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 Porter hadn't gone elsewhere. The had just gone!.The situation looked dire to Jesus Vargas. Jesus was very concerned, because there were constant overheads, goods to ship, employees to pay, and trucks which needed to be maintained, but there just wasn't the money coming back into the business. After work he would confide in his wife, Carrie, and neither were unable to stop the constant worry over the lack of funds.""I have a bad feeling, Lin,"" he would say with deep woe.""What could you do differently?"" she would say.Jesus 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 then a haze would cover his trucks and his vast fleet would vanish to leave just a few. What on earth was happening to create the death of his business?""I know what it is,"" said Jesus. ""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 Carrie 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'.""Jesus knew very well that Carrie 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 next day Jesus strolled into his office and was determined to sit down and make every phone call to every client who had owed Porter money. This wasn't really a very efficient way for a Chief Executive to spend his day, and Jesus 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, Jesus knew that he was in trouble.

 

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 Claireerley knocked at his door.

 

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

 

""Of course Claire, please come in."" Jesus leaned back in his chair and looked expectantly at Claireerely.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Jesus."" She pulled a small stack of papers from a folder and set them on the desk before him.""Have you ever heard of factoring?"" Claireerley asked.""It does sound vaguely familiar. What is factoring""? he asked.""Well,"" she began, ""It�s actually quite simple really.

 

Basically, factoring invoices means that we would get paid immediately for the loads we haul.""""Immediately?"" Jesus interrupted.""Immediately, yes"" she added, ""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.. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It�s a broad view.��I see,� Jesus 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. Once we arrive at a mutual agreement, the funding begins.�Jesus was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""I don't know, Claire - it just sounds too good to be true"", Jesus said quietly.""Yes, I know; that's exactly what I thought at the beginning. But think about it, Jesus: 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 Jesus,"" she drew a circle around a paragraph on the document before him.""How flexible?"" he asked.""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.

 

""""It does all sound pretty good, remembering that we're all tapped out now with loans from the bank last year to repair vehicles, and we all know just how tight money is. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" said Jesus.Jesus took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Exactly�. I think this might just be a way out of the trouble we're in with these folks who owe us money.""Jesus thought about this and agreed with Claireerley. The customers who were in debt to Porter Truck & Haul were professional resources of the company, but they were also long-standing friends. Jesus wasn't prepared to lose these relationships just because they were having financial issues at the moment. Jesus knew only too well that the whole economy was floundering, and that it was not going to change overnight. If he didn't handle these debtors in the right way, that unknown amount of time could spell disaster for all 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 Claire, thank you."" Claire stood up and left Jesus's office, with the nice feeling of knowing that she may just have solved a very serious problem.Jesus 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 Porter Truck & Haul with? With his pencil gliding down the sheet he noticed that the factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. In fact, Porter could receive up to fifty-percent cash advances upon load pick-ups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.""Well, I'll have to tell Justin about this,"" muttered Jesus to himself.Jesus's son-in-law, Justin, loved the idea behind Porter and highly respected his father-in-law for having such great business sense, that two years ago he got his capital together and started his own transportation company. Jesus knew then what struggles Justin would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Porter was hurting, a little guy like Justin was about to catch his death. Perhaps the antidote to these problems was in freight factoring, and they were about to find out.Some months later, having successfully gone through the entire process of the application, having experts study his credit history and statements and review his accounts receivable, Jesus found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.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. Jesus recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. If Jesus hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

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

 

More than forty years ago Aaron's father had started this business working as an owner-operator and eventually growing Bennett Trucking Company into a fifteen trailer fleet. Yes, they had survived some very difficult times when it appeared like they might go under, and even Aaron's mother had jumped into the cab at times to make hauls. His father had lived long enough to witness the price of hires drop during the recession and watch the eruption of fuel prices afterwards. Now the company was solely in Aaron�s hands and he wanted to live to see it in better 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. 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, Bennett 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. Aaron chuckled, thinking about his father. He remembered when his father was totally against installing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� Also his father had the habit of teasing all the drivers he caught switching into automatic even though driving in automatic was much more efficient though not manly in his father�s eyes. 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.

 

Aaron believed a successful man is always thinking of his next step. What would be the next step for Bennett Trucking? 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 the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. During those thirty days the trucking company can't pay its employees and bills with invoices.

 

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

 

But it turned out to be quite easy. 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. 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. 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. 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. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Aaron because he and his father had created a very strong and loyal list of clientele over the years. So he knew they would understand when the factoring company contacted them for the invoices. His clients wouldn�t think poorly of Bennett 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.

 

Aaron stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. With the capabilities of this new cash flow, Aaron could actually expand Bennett Trucking Company further across the country and perhaps even go international into Canada. He was a happy man again knowing that he had just made a decision which would guarantee the success of his business and his sons wouldn't be inheriting a financial mess.

 

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�So, this is not a loan?� asked Franklin Kennedy, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she said.Franklin Kennedy 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 Joel. His company was called Berry Trucking, named after both of his grandfathers, Roy and Christian. Both of these men had been very hardworking and had set a great example for Joel.Six months ago disaster struck Joel'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. The financial security of Joel's company relied on his full fleet on fifteen being on the road, and missing two trucks was just devastating . Furthermore, buying a whole new truck and fixing the other simply took more cash than Franklin had on hand.Paying of bills in the trucking industry is always a major cause for concern for businesses.

 

Waiting a month or longer for bills to be paid was quite normal. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Franklin 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.And that's why he found himself across the desk from this woman. Franklin knew she was employed by a Factoring company and that her name was Laurie. He had accidentally come across her company one night when he was working late, searching the internet to see if there was some solution to his financial dilemma.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. 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.Franklin agreed. It sounded perfect - perhaps too good?.Laurie laughed. �I'm not sure that you believe me,� she chuckled.�Oh no, I do: it just sounds too good to be true. I thought I was going to lose my company.�Laurie smiled, agreeing. �Yes, we get a lot of that. Listen, I�d hate to see you lose your company. You work hard, you�ve put everything you can into it. Sometimes you need help. That's why we do what we do.��In any case, thank you for coming to see me.��It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� Laurie said with a smile. �Let�s see what we can do to help you.�And right there and then they created a business profile. Franklin completed the form, with Laurie offering advice as needed.

 

The completed profile gave Laurie and her company all the information they needed on Joel'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 businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. Listening as Franklin filled out his form, Laurie was pretty sure he was a perfect candidate for factoring.Laurie took the completed form and placed it in her briefcase. Standing up, she reached over the desk and shook Joel's hand. He stood before they shook as well, and then smiled. They said their goodbyes and Franklin 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 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 Laurie though, learning about factoring, it felt like a weight had been lifted from his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The terrifying panic attacks that occurred regardless of where he was. He could feel it all fading away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was there, he was on the right path, and he was working to make things right.His mind wandered back to the very beginning, when he first started his business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been really successful. Home cooking in his hometown, and he had done very well.But it wasn't what he really wanted to do. 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 Berry Trucking. And that's exactly what he did. Once again he built a company from the ground up. He had been successful.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was about to turn fifty. He didn�t think he had it in him, to save this company. But he couldn�t give up. The idea of cutting his losses, shutting down, laying off his workers, it actually made him sick some nights. He didn�t know how to say quit.And now it seemed as though he wouldn't have to - all because of Factoring. Joel's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.

 

 

 

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Reasons why Trucking Establishments Utilize Factoring Firms.

 

As the owner of your own business, you may perhaps be more than knowledgeable already of the difficulty in making certain that capital issues do not become a predicament down the line. After all, the most disappointing thing that can potentially occur for your company is to find yourself swept up in a long and complicated situation that leaves you forever searching for the cash you need on an ongoing basis.

 

For any kind of business in this circumstance, the dilemma can come for waiting for work to lapse and actually be settled into your account. Statements, checks, and the like can take a while to actually to be taken care of which can leave you with temporary capital issues. Fortunately, there are options out there for businesses to investigate-- and one of these is factoring agencies.

 

Factoring agencies will, in exchange for your statements, grant you with the cash money today to ensure you don't need to worry about the lingering time span that could make paying off the bills and obtaining materialsmore tough. With this form of setup, invoice factoring can end up being tremendously practical for a lot of establishments who ought to get out of a money ploy which they have found themselves in.

 

Due to the fact that, depending on the volume of the job, it can take up to 60 days for many business enterprises to get paid out then it's important to cover up your own back and definitely not leave yourself cash short to pay the monthly bills. After all, how many business enterprises have two months earnings just lying there to deal with all their expenditures till they earn?

 

This is especially correct of truck firms. They tend to deal with good deals of invoices which means a huge quantity of collection time demands business owner themselves. Seeking to get paid in time can come to be an incredible inconvenience and this is exactly why you use trucking factoring organizations who are delighted to help out truckers mainly.

 

As most of us know, trucking is an astonishingly huge market with lots of companies out there hiring hundreds of drivers. The sad thing is, numerous of these drivers wind up in finances problems considering that they are still expecting work from six weeks previously to actually pay them. When this is the scenario for a truck organization, consulting factoring agencies for assistance might be the best alternative left.

 

This means that a truck corporation can compensate the salaries of the crew, keep all the cars filled with gas and continue to escalate, thrive and expand without consistently waiting for the finances which is taking too lengthy to come in. Trucking Firms operating without a factoring program established are leaving themselves at considerable hazard, as competitors cash out rapidly and go on to develop.

 

There's honestly not much to be worried about when it comes to making use of a Factoring company-- they usually are not like a bank or any individual who is going to leave you with a substantial mound of liability to repay. You give them legitimate invoices from output you have already accomplished , you are simply speeding up the repayment system.

 

In the United states of America, where trucking agencies prosper, factoring firms are not considered borrowing in any capacity. This private arrangement then permits both parties to benefit and take pleasure in a comfortable future-- it gives the factoring provider a warranted asset of money to add to the list and it offers the trucking firm the needed money that they sweated to gain.

 

The trucking firm bestows their statements to the factoring enterprise. The trucking factoring business then receive the installment payments from the trucking company's customers. Factoring has been all around for hundreds of years and has been utilized for long times by several varied business-- but none much more so than truckers. While you might possibly lose out on a small part of the money, something like 1-3 % depending upon who you partner with, it signifies that you are receiving the resources today and can actually start off setting the money to do work.

 

After all, an IOU or an invoice is absolutely not going to finance bills, is it? For trucking companies when the cash can be excellent one day and gone the next, it's up to the vehicle drivers to work sensibly and to guarantee they are leaving themselves with a considerable volume of time and money to get through the week until they are compensated again.

 

So the next time your trucking company is bearing some momentary cash flow troubles and you are investing too much time chasing slowly paying customers, why not start off considering making use of a factoring businesses as a manner to get your cash and give yourself a more pleasant future in the eyes of your trucking team and your bank balance?

 

 

 

 

 

 

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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. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Of course, once that loan has been re-paid, you can always re-apply for another loan.

 

Trucking Factoring Companies

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. The Trucking Factoring company purchases your accounts receivable, or part of them, for a certain percentage of their value - this is normally about 80-95%. The amount of money you can receive is based on the amount of money you have earned and the accounts receivable you are willing to �sell.� Once you have set up Trucking Factoring account it continues as long as you wish it too and the amount of money available to you even can grow as your business grows, giving you the ready cash you need to meet your own obligations.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. You Won't Incur Debt. Since the Trucking Factoring company actually buys your accounts receivable you don't actually incur debt like you do with a bank loan. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating won't be affected. 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 great benefit of using the services of a Trucking Factoring company instead of a bank loan is that there is no collateral required for the Trucking Factoring company, because the Trucking Factoring company is 'buying' your accounts receivables. 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 makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

3. You'll receive the money faster. With a Trucking Factoring company you can actually get the money you need faster. 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.You receive interest up-front. With a bank loan interest continues to build, and this has to be paid the whole time you have a business loan; however with a Trucking Factoring company there is no interest - they take it right off the top by deducting it from the total amount of receivable accounts. So not only are you relieved of those monthly loan payments, but you also don't have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

As you can see, 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