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Here Is a Quick way to Shore Up Your Cash Flow -
Our Freight Factoring Company
Can Give
Your Freight Company
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How To Get More Cash - Pick 

A Factoring Company Instead Of A Regular Bank Financing

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

 

You might have heard of factoring but you may mistake exactly what it is or much more notably exactly what it can do for your business. Trucking Factoring likewise known as receivables funding is a type of asset based lending that will improve a business' short-term cash needs. This is not a loan; no debt is taken on by Invoice Factoring ,and the funds are unconditional. Factoring And Invoice Financing Companies in Factoring Construction Gilbert town Factoring Companies at Freelandcustom.com- offering sale of accounts receivable services gilbert-town-factoring-companies

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Factoring And Invoice Financing Companies

The key reasons why Truck Agencies Utilize Factoring Companies.

 

As the manager of your own business, you may likely be much more than aware already of the difficulty in making certain that capital matters do not become a dilemma down the line. Anyway, the toughest thing that can in all probability transpire for your firm is to find yourself swept up in a long and hard circumstance that leaves you forever trying to find the finances you need to have on an on-going manner.

 

 

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Freight Forwarding Factoring

This is specifically true of truck companies. They generally handle great deals of accounts which means a huge volume of collection period demands business owner themselves. Seeking to get paid out promptly can turn into an incredible struggle and this is the reason why you use truck factoring agencies who are pleased to help out truckers primarily.

 

 



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Receivable Loans Companies

The key reasons why Truck Agencies Utilize Factoring Companies.

 

As the manager of your own business, you may likely be much more than aware already of the difficulty in making certain that capital matters do not become a dilemma down the line. Anyway, the toughest thing that can in all probability transpire for your firm is to find yourself swept up in a long and hard circumstance that leaves you forever trying to find the finances you need to have on an on-going manner.

 

 



Staffingfirm.Org

Invoice Factoring Companies

 

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

Cash flow does not have to be a problem any ever more. Do not be fooled -- banks are not the only places you can get financing. Other options are available and you do not have to borrow money. What is truck factoring ? One option is called trucking factoring. Trucking Factoring is the procedure of selling accounts receivable to a financier rather than waiting to gather the money from the customer. Oh, the Irony- Trucking factoring has a paradoxical distinction: It is the financial foundation of many of America's most effective businesses. Why is this ironic ? Since invoice factoring is not instructed in business colleges, is rarely discussed in business plans and is relatively unidentified to the majority of most of American business people.

Yet it is a financial procedure that frees billions of dollars every year, enabling thousands of businesses to grow and prosper. Factoring has been around for thousands of years. Factoring Businesses are financiers who pay cash for the right to receive the future payments on your invoices. An overdue receivable or invoice has value. It is a financial obligation your client has agreed pay in the near future. Factoring Principals--Although factoring offers exclusively with business-to-business deals, a large portion of the retail business uses a factoring principal. MasterCard, Visa, and American Express all utilize a form of factoring in their retail deals. Using the purest meaning of the word, these large consumer finance companies are truly simply large Invoice Factoring Companies of customer paper. Consider it: You make a purchase at Sears and charge it to your MasterCard. The shop gets paid practically instantly, even though you do not make payment until you are ready.

For this service, the credit card company charges Sears a charge (typical common normal fees range from two to 4 percent of the sale). The Advantages Trucking Factoring can offer many benefits to cash-hungry companies. Instead of waiting 30, 60, 90 days or longer for payment on an item that has actually currently been provided, a business can factor (sell) its receivables for money at a little discount off the amount of the invoice. Payroll, advertising efforts, and working capital are simply a few of the company requirements that can be met with instant  money.

Trucking Factoring offers the ways for a manufacturer to renew inventory and make more products to offer: There is no longer a need to await for earlier sales to be paid. FACTORING is not simply a cash management device for manufacturers: Practically any kind company can benefit from FACTORING. Typically, a business that extends credit will have 10 to 20 percent of its yearly sales tied up in accounts receivable at any given time. Think for a minute about exactly how much is tied up in 60 days' worth of invoices: You can not pay the power expense or this week s payroll with a customer s invoice, however you can offer that invoice for the money to meet those responsibilities. Using truck factoring companies is a quick and simple procedure. The factoring company buys the invoice at a price cut, usually a couple of percentage points less than the stated value of the invoice.

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"

Gilbert is a town in Maricopa County, Arizona, United States, located southeast of Phoenix, within the Phoenix metropolitan area. Once known as the ""Hay Shipping Capital of the World"", Gilbert is currently the most populous incorporated town in the United States. Gilbert encompasses 76 square miles (197 km2) and has made a rapid transformation from an agriculture-based community to an economically diverse suburban center located in the southeast valley of the Phoenix metropolitan area. In the last three decades, Gilbert has grown at an extremely high rate, increasing in population from 5,717 in 1980 to 208,453 as of the 2010 census.

 

"

 

 

Gilbert town Factoring Companies

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Washington

 

The United states Transportation Organization
states that there around
195,000 workers with transportation
businesses and
250,000 personal providers trucking
firms certified to
operate in the U.S. that transferred,
according to their latest listings of millions of
products, materials and
basic products .
There are a number of typical
carriers either going solo or in
groups on our nation
highways carrying these
vital products to our
stores, manufacturingplants and shipping ports.

Plus  trucking factoring
businesses benefit
many of them and offer their
receivables financing facilities
countrywide comprising
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

Gilbert town Factoring Companies

 

View Our Freight Factoring YouTube Videos For More Information

 

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

Click below to find Trucking Companies in the United States:

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

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

 

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

List of Trucking Companies for Owner/Operators and Company Drivers

 

Click below to find Trucking Companies in the United States:

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

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

 

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

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

 

 

 

View Our Trucking Factoring Videos For More Information

 

 

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"

�So It is not a loan?� asked Micheal Taylor, reclining back into his chair and crossing his legs. The woman sitting across the desk from Micheal smiled at him, shaking her head.�No, not exactly,� she stated.Micheal Taylor 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 Jerome. He named his business Lawrence Trucking, named after Jimmie and Douglas, his two grandfathers. Both of these men had been very hardworking and had set a great example for Jerome.Six months ago disaster struck Jerome's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. The financial security of Jerome's company relied on his full fleet on fifteen being on the road, and missing two trucks was just devastating . In addition, he just did not 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.Micheal was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.And that's why he found himself across the desk from this woman. Micheal knew she was employed by a Factoring company and that her name was Joann. Micheal 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 are not giving you finance to be repaid later: we are purchasing something from you, and when you can you can buy it back. This is a win-win situation: we are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Micheal nodded. It sounded good to him, almost too good.Joann laughed. �You look like you don�t 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.�Joann smiled, agreeing. �We get that a lot. There's no way we want to see you lose your business. We know how hard you work, and that you've invested everything in your business. Sometimes you need help. That's why we do what we do.""Well, I'm very grateful that you came to see me today.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� said Joann with a smile. �Let's work out a solution to your problem.�And with that they set about making a profile.

 

Micheal filled the form out, with Joann available to help him if he needed it. The profile filled Joann and her company in on Jerome�s company, and would help them determine if he was suitable for factoring. In truth, not all companies were. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. As Micheal completed his form, Joann listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Joann took it and slid it into her briefcase. She then stood, reached across the desk and shook Jerome�s hand. He also stood up, and they smiled at each other. They said their goodbyes and Micheal 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 leaned back and closed his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. But now, after speaking to Joann and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The terrifying panic attacks that occurred regardless of where he was. 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.Micheal couldn�t help but think back to when he had first started the business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been successful. Offering home cooking in his own hometown, his business had really prospered.But he had gotten bored. He wasn't passionate about the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took half a year off, and in that time he thought to start Lawrence Trucking. And that's exactly what he did. Once again he built a company from the ground up. He had been successful.And then the trucks went down, and his success looked to be in flux. He was about to turn fifty. He didn�t think he had it in him, to save this company. But giving up wasn't part of his personality either.

 

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 it seemed as though he would not have to - all because of Factoring. Jerome's eyes opened, he sat forward in his chair and turned on his computer. He had things to do. He could be thankful later, for now, it was time to work.

 

"

 

 

 

 

More Trucking Factoring Company -Articles

Trucking Factoring Companies-Factoringaccountreceivables.Co.Uk

 

 

 

Trucking Factoring

 

"

Watkins Truck and Haul has been in business since the mid 1980s. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the boom times from 2002 to 2007 Watkins 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. The money was flowing, and times were great.But a short year later, in the fall of 2008, when the United States economy took a nosedive and businesses both small and large began to feel the pinch on their pocketbooks, those that used to make their demands had suddenly and largely gone silent. Business slowed down. Worse still, it was noticed by Watkins in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. And as spring turmed to summer and summer into the early days of fall, Greg Nguyen, CEO of Watkins 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 something wrong or different when it came to reaching out to delinquent 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 Watkins 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. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. They had just gone home.To Greg Nguyen the situation looked desperate. Greg 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. In the evenings he would discuss his concerns with his wife, Yvonne, and still find no relief from the worry and frustration.

 

""Lin, I have a really bad feeling,"" he would say with deep woe.""Well, what do you think it is?"" she would say.Greg would stare off into the distance, and then slowly close his eyes. In his mind he could clearly see the fleet of trucks purchased over the many years. He could see them on the road, delivering good to all his loyal customers. But then a haze would cover his trucks and his vast fleet would vanish to leave just a few. Why couldn�t he work out how to resolve this financial problem with his business?""I think I know what it could be,"" Greg said. ""For way too long I've been relying solely on profits received from invoices. I've let too many of our customers go too long without paying on their bills."" Yvonne would look at her husband lovingly, and holding his hand would say 'it is such a harsh economy these days and our clients must be having difficulty meeting their responsibilities'.""Greg knew very well that Yvonne 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 Greg strolled into his office and was determined to sit down and make every phone call to every client who had owed Watkins money. Now, it wasn't the most efficient way to spend a day as a chief executive, what he really needed to be doing was to be overseeing all of the other intricacies of shipment and delivery and reaching out to prospective clients or retraining his sales team to do the same. But, he felt like he was doing something proactive to help his business, even though he had staff on salary to do just that thing. A waste of time - a waste of money - he had the best intentions, but all the while Greg was realising just how much trouble he was in.Poor Greg spent the whole morning trying in vain to contact his debtors: they promised to call back, dodged his calls, or made small interest-only payments. He was beginning to feel quite despaired when his secretary knocked on his door.

 

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

 

""Of course Gail, please come in."" Greg leaned back in his chair and looked expectantly at Gailerely.""Well Greg, this afternoon I did some research, trying to work out how we are going to get out of this mess."" She pulled a small stack of papers from a folder and set them on the desk before him.""Have you ever heard the word factoring?"" Gailerley asked.""It does sound vaguely familiar. What is it?"" he said.She began, ""Well, it is really very simple. So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Greg interrupted ""Immediately?"".""Immediately, yes"" she added, ""In a nutshell, it is pretty easy. We can have an expert account manager review our numbers and help us complete a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. Additionally, the factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It�s a broad view.""Greg replied cautiously ""I see - and what happens then?""Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. 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.�Greg was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Gail,"" he said.""Now, now, I know, I thought the same thing. But think about it, Greg: 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. They appear to be very flexible, Greg,"" she drew a circle around a paragraph on the document before him.""How flexible?"" he asked.""It seems that they personalize their factoring charges so that the amount they're prepared to work with is commensurate with our client's debt and our needs. It only takes 2 to 4 days for this to be figured out. ""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" Greg said.Greg took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Precisely�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Greg 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 Watkins. Just because they were experiencing difficulties paying their own bills now, Greg was very concerned about losing these relationships. He was well aware that the economy was in a bad way and that it might be quite a while before things started picking up. If he did not handle these debtors in the right way, that unknown amount of time could spell disaster for all of them. Of course he did not want to lose any more money, but he did not want to lose business either.""Well, let me think about this tonight Gail, thank you."" Gail nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Greg keep the shirt on his back, and possibly hers too.Greg sat behind his desk and looked over the details Gail had not mentioned in their meeting. What other issues could freight factoring help Watkins with? Running his pencil down the sheet, he noted that the freight factoring company could assist with fuel costs, fuel advances, and fuel discount cards. Greg was surprised: it said that his company could get up to fifty percent cash advances on load pickups. Greg was a typical business man: he despised binding contracts that did not allow room to breathe, so he was pleasantly surprised to see that the factoring company did not 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 Billy about this,"" Greg muttered to himself.Greg's son-in-law, Billy, loved the idea behind Watkins 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. Greg knew then what struggles Billy would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Watkins was hurting, a little guy like Billy 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, Greg 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. Greg looked back on the dismal months of life before freight factoring and almost shuddered at the thought. He probably wouldn't be in business today had he not learned just in time about freight factoring.

 

"

 

 

 

 

 

 

More Factoring For Trucking -Articles

 

 

Trucking Factoring Companies-Factoringaccountreceivables.Co.Uk

 

 

 

Factoring Trucking Receivables

 

Why Trucking Firms Use Factoring Firms.

 

As the manager of your own establishment, you may perhaps be more than mindful already of the challenge in making certain that cash flow concerns do not become a difficulty down the line. Anyway, the most disappointing thing that can possibly develop for your firm is to find yourself swept up in a long and challenging circumstance that leaves you forever looking for the funds you require on an continuing manner.

 

For virtually any firm in this predicament, the issue can come for waiting for work to clear up and actually be paid out into your account. Bill of sales, checks, and the like could take a long time to actually to be taken care of which can leave you with temporary available resources issues. Luckily, there are alternatives out there for firms to check out-- and just one of these is factoring agencies.

 

Factoring agencies will, in trade for your accounts, give you with the resources immediately to ensure that you do not need to fret about the delaying duration which could make paying off the expenses and obtaining toolsmore challenging. With this form of setup, invoice factoring can become tremendously practical for plenty of companies who need to get out of a cash pitfall which they have gotten themselves in.

 

Simply because, depending on the volume of the task, it can take up to 60 days for some business enterprises to get compensated then it is essential to cover up your own back and definitely not leave yourself resources short to pay off the bills. After all, how many establishments have two months revenue just occupying there to handle all their spendings until they make money?

 

This is especially true of trucking firms. They often tend to handle lots of invoices which means a substantial amount of collection period entails company owner themselves. Attempting to get paid off promptly can turn into an unbelievable struggle and this is exactly why you employ truck factoring companies who are happy to help out truckers specifically.

 

As we all determine, trucking is an exceptionally large industry with a lot of agencies out there hiring hundreds of vehicle drivers. Regrettably, many of these drivers end up in income dilemmas due to the fact that they are still expecting work from six weeks ago to actually pay them. When this is the case for a trucking organization, turning to factoring agencies for support may be the most effective alternative left.

 

This implies that a truck business can pay off the salaries of the crew, keep all the trucks filled with fuel and continue to escalate, thrive and expand without consistently waiting for the money which is taking too prolonged to come in. Trucking Businesses operating without a factoring system used are leaving themselves at notable hazard, as rivals cash out promptly and continue to broaden.

 

There's absolutely very little to be worried about when it comes to using a Factoring agency-- they usually are not like a banking company or a person who is going to leave you with a huge stack of personal debt to pay back. You give them genuine invoices from work you have already completed , you are simply expediting the repayment system.

 

In the Usa, where trucking firms prosper, factoring enterprises are not considered accepting loan of in any capacity. This private agreement then allows both parties to make money and experience a worry-free future-- it gives the factoring firm a guaranteed resource of earnings to put into the list and it supplies the trucking firm the required cash that they sweated to generate.

 

The trucking company provides their accounts to the factoring agency. The trucking factoring company then collect the installment payments from the trucking company's clients. Factoring has been in existence for centuries and has been employed for long times by plenty of different markets-- but none more so than truckers. While you might lose out on a small part of the money, something like 1-3 % depending upon who you deal with, it indicates that you are obtaining the cash today and can actually start putting the cash to work.

 

After all, an IOU or an invoice is not actually going to fund costs, is it? For trucking enterprises when the cash can be excellent one day and gone the next, it is up to the drivers to work prudently and to make certain they are leaving themselves with a notable measure of time and money to get through the week until they are handed over once more.

 

So the next occasion your trucking enterprise is having some short-term cash flow troubles and you are devoting excessive time chasing slowly paying customers, why not begin thinking of utilizing a factoring businesses as a manner to get your cash and give yourself a more worry-free future in the eyes of your trucking staff and your bank difference?

 

 

 

 

 

 

 

More Factoring Trucking Receivables -Articles

 

 

 

Gilbert town Factoring Companies

 

 

 

Trucking Factoring Companies-Factoringaccountreceivables.Co.Uk

 

 

 

Best Trucking Factoring Company

 

"

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

 

More than forty years ago Clarence's father had started this business working as an owner-operator and eventually growing Foster 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 Clarence's mother had jumped into the cab at times to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. Now the company was solely in Clarence�s hands and he wanted to live to see it in better shape for his sons.

 

To move Foster Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. His employees needed to be paid. They had families and household bills too. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requests for loads of agricultural and energy equipment. He knew that turning down these requests made Foster Trucking look inefficient and weak in what was currently a strong market.

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Clarence allowed himself a good hard chuckle. His father had been against placing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� He smiled to himself as he remembered his father poking fun at the other drivers who switched to automatic, even though automatic was quite obviously more efficient (though less manly). His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.

 

Clarence believed a successful man is always thinking of his next step. How would he take Foster Trucking to the next level? And how would he be able to afford it? Business funding was tied up in fuel bills and the mortgage for the garage and office. Thankfully he'd just finished paying off the bank loan for the installation of satellite radio in the trucks.

 

He wondered about factoring - was this the answer for him? If he was being honest, he did not really understand how it all worked. It sounded 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. In return, the factoring company pays the trucking business straight away, providing immediate cash flow for the business to pay staff, purchase fuel, and do any repairs or maintenance. Without this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. During those thirty days the trucking company cannot pay its employees and bills with invoices.

 

Now it was time for Clarence to do his homework. 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?

 

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 didn�t mind signing 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. He was more than happy with the figures he was offered in percentage terms on the freight bills. It was good money.

 

It was really refreshing dealing with the factoring people. They were extremely helpful and more personable than the bank staff. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Clarence 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 would not have any problems, nor would they think poorly of Foster Trucking, because the factoring companies handle themselves in such a polite and professional manner, similar to the way his father had managed the business in the past.

 

Clarence 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, Clarence could actually expand Foster 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 would not be inheriting a financial mess.

 

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More Best Trucking Factoring Company -Articles

 

 

 

 

 

 

 

 

Gilbert town Factoring Companies

 

 

 

 

 

 

Trucking Factoring Companies-Factoringaccountreceivables.Co.Uk

 

Factoring Finance Invoice Companies

 

Date Published- 2014- 12-23 Best Trucking Factoring

 

"

Traditional Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. These loans can be a life-saver, but they're not always available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. 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 do not offer loans, and you do not 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 finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to sell. Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. You will not Incur Debt. You do not 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 will not affect either your business credit rating or your personal credit rating. Should the unforeseeable happen and your business fails, you will not have to worry about anyone coming after your personal as well as your business assets to pay off a loan. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.

 

2. 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. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. This means that it is 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. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. Borrowing from a bank begins with vast amounts of paperwork, the loan must be underwritten, and this can take ages before you're notified if the loan has been approved.

 

4.You receive interest up-front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So not only are you relieved of those monthly loan payments, but you also do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

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

 

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

 

"
Trucking Factoring Companies-Factoringaccountreceivables.Co.Uk

 

 

 

truck factoring company

 

 

More Best Trucking Factoring Company -Articles

 

 

 

"

Traditional Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. These loans can be a life-saver, but they're not always available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. 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 do not offer loans, and you do not 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 finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to sell. Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. You will not Incur Debt. You do not 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 will not affect either your business credit rating or your personal credit rating. Should the unforeseeable happen and your business fails, you will not have to worry about anyone coming after your personal as well as your business assets to pay off a loan. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.

 

2. 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. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. This means that it is 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. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. Borrowing from a bank begins with vast amounts of paperwork, the loan must be underwritten, and this can take ages before you're notified if the loan has been approved.

 

4.You receive interest up-front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So not only are you relieved of those monthly loan payments, but you also do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

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

 

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

 

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Invoice Factoring Companies

 

Gilbert town Factoring Companies

 

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