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My Company has 9 New Products - Imagine - Our Trucking Factoring Company Can Provide
Your Truck Company The Money You Need

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Using a Truck Factoring Company is useful for numerous reasons. It enables a trucking company to raise cash without getting brand-new debt. While financial obligation is in some cases required, most freight brokerage would like to raise cash without borrowing money. Debt is dangerous, and when it can not be paid back, possessions can be repossessed. If the debt is huge enough, it might even require a truck businesses out of business.

 

 

 

 

 

 

 

Thousands Now Play Who Never Thought They Could - Pick An Invoice Factoring Company Instead Of A Typical Bank Financing

Exactly how to Increase Money Flow Without Loaning -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.

Cash flow does not have to be an issue any ever more. Do not be deceived -- banks are not the only places you can get financing. Other options are offered and you do not have to borrow money. What is truck factoring ? One option is called truck factoring. Truck Factoring is the process of selling accounts receivable to a financier rather than waiting to gather the cash from the client. Oh, the Irony- Truck factoring has a paradoxical difference: It is the financial backbone of many of America's most successful businesses. Why is this ironic ? Since trucking factoring is not taught in business colleges, is rarely mentioned in business plans and is fairly unidentified to bulk of most of American company individuals.

Yet it is a monetary procedure that frees billions of dollars every year, enabling thousands of businesses to grow and succeed. Trucking Factoring has actually been around for countless years. FACTORING Companies are investors who pay cash for the right to receive the future payments on your invoices. An unpaid receivable or invoice has value. It is a debt your customer has actually to pay in the near future. Factoring Principals--Although factoring deals solely with business-to-business deals, a large portion of the retail company uses a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail transactions. Utilizing the purest definition of the word, these large customer finance companies are truly simply big Receivable Loan Funding Businesses of customer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The shop gets paid almost immediately, although you do not make payment until you are ready.

For this service, the credit card business charges Sears a fee (typical common normal charges vary from 2 to 4 percent of the sale). The Advantages Receivable Loan Funding can offer many benefits to cash-hungry business. Rather than wait 30, 60, 90 days or longer for payment on a product that has already been delivered, a business can factor (sell) its receivables for cash at a little discount off the dollar value of the invoice. Payroll, advertising efforts, and working capital are just a few of the company requirements that can be met with instant  money.

Invoice Factoring provides the means for a producer to renew stock and make more items to sell: There is no longer a need to await for earlier sales to be paid. Receivable Loan Financing is not just a cash management device for manufacturers: Practically any type company can benefit from Commercial Factoring. Typically, a company that extends credit will have 10 to 20 percent of its yearly sales bound in invoices at any given time. Think for a minute about how much is tied up in 60 days' worth of invoices: You can not pay the power bill or this week s payroll with a customer s invoice, however you can sell that invoice for the money to satisfy those obligations. Using truck factoring companies is a fast and easy process. The factor purchases the invoice at a price cut, typically a couple of percentage points less than the face value of the invoice.

 

 

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The U.s. Trucking Organization
specifies that there are about
205,000 work with truck
businesses and
276,000 private providers trucking
firms licensed to
run in the United States that transported,
according to their newest searchings for billions of
items, supplies and
standard products .
There are several typical
carriers either going solo or in
groups on our nation
roadways carrying these
crucial products to our
shops, factories and harbors.

Plus freight factoring
corporations support
many of them and offer their
accounts receivablesfinancing services
nationwidecounting
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

 

Bakersfield�s historic and primary industries have related to Kern County�s two main industries, oil and agriculture. Kern County is the most oil productive county in America, with around 10% of the nation�s domestic production. Kern County is a part of the highly productive San Joaquin Valley, and ranks in the top five most productive agricultural counties in the nation. Major crops for Kern County include: grapes, citrus, almonds, carrots, alfalfa, cotton, and roses. The city serves as the home for both corporate and regional headquarters of companies engaged in these industries.Bakersfield also has a growing manufacturing and distribution sector. Several companies have moved to Bakersfield because of its inexpensive land and access to the rest of America, as well as international ports in both Los Angeles and Oakland. Other companies have opened regional offices and non-oil/agricultural businesses because of Bakersfield�s and Kern County�s business friendly policies, such as having no local utility or inventory taxes. Products manufactured in the city include: ice cream (world�s largest ice cream plant), central vacuums, highway paint, and stock racing cars.Bakersfield is the largest city with the lowest sales tax in California at the state minimum of 7.25%Bakersfield, city (1990 pop. 174,820), seat of Kern co., S central Calif., at the southern end of the San Joaquin valley; inc. 1898. It is an oil, mining, and agricultural center and one of the fastest-growing U.S. cities. Since the Kern River oil fields were discovered in 1899, almost all of the major oil companies have established refineries in Bakersfield. Gold was discovered in the region in 1855 and silver, borax, gypsum, and tungsten are now mined. Manufactures include chemicals, apparel, food and beverages, construction materials, fabricated metal products, paper and rubber goods, and computers. Cotton, citrus fruits, potatoes, nuts, and roses are grown in the area and there is dairying. California State Univ. Bakersfield is there, and there are major aerospace facilities, including Edwards Air Force Base. Sequoia National Forest is nearby.

 

 

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

Life of a Truck driver, like many other professionals can be very challenging, rewarding, and frustrating at the same time. �The 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

 

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

 

Searching for the right trucking companies to move your freight can be tough, with the large amount of local, regional, and national truck carriers out there. 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

 

Click below to find Trucking Companies in the United States:

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

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

 

 

"

Since the mid 1980s Davis Truck & Haul have been successfully running their freight business. For more than twenty years they've been delivering goods for most major industries in the nation, with business booming as they traversed the country, in all kinds of weather, for all kinds of clients. During the boom times from 2002 to 2007 Davis 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. 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 to a crawl

 

. And worse yet, Davis 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. Spring changed to summer, summer changed to fall, and the CEO of Davis, David Castro, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The numbers of clients who owed him back debt were growing.He had gone to his administrators and asked them what the problem had been. Were they doing things different, or wrong, when it came to collecting overdue accounts? When checking his bookkeeper's records this was definitely not the case. 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 Davis hadn't gone elsewhere. The had just gone!.To David Castro the situation looked desperate. David 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. At night he would speak to his wife Jennifer and shake his head in frustration.

 

""I have a bad feeling, Lin,"" he would say with deep woe.""What could you do differently?"" she would ask.David 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 think I know what it could be,"" said David. ""For way too long I've been relying solely on profits received from invoices. For too long I've been allowing our clients to let their accounts become overdue."" Jennifer 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'.""David knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds.The next day David strolled into his office and was determined to sit down and make every phone call to every client who had owed Davis money. This wasn't really a very efficient way for a Chief Executive to spend his day, and David 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. 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 David was realising just how much trouble he was in.After a half day of contacting debtors in vain - they dodged his calls or promised to call back at worst or made minimal interest-only payments at best - he was about to throw in the towel when his secretary Teresaerley knocked at his door.

 

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

 

""Of course Teresa, please come in."" David leaned back in his chair and looked expectantly at Teresaerely.""Well David, this afternoon I did some research, trying to work out how we are going to get out of this mess."" She opened up a folder she had been carrying and pulled out a small wad of papers, placing them on the desk in front of him.""Have you ever heard the word factoring?"" Teresaerley asked.""It sounds vaguely familiar. What is factoring""? he asked.She began, ""Well, it is really very simple. Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Immediately?"" David interrupted.""Yes, immediately,"" she continued, ""it is actually very simple. We start by having a professional account manager review our figures and help us set up a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. Additionally, the factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It provides a very broad view.""David replied cautiously ""I see - and what happens then?""Following the completion of their review and once we have been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. There�s a lot of flexibility depending on the business volume and credit histories. The company will advise us the cost to purchase factoring for our company's accounts receivable. The funding commences once we�ve arrived at an agreement.�David leaned forward and reviewed the paperwork closely.""I do not know, Teresa - it just sounds too good to be true"", David said quietly.""Now, now, I know, I thought the same thing. But think about it, David: 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, David,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked David.""They personalize the factoring rates so that the amount they are willing to take on is commensurate with our needs and our client�s debt. It only takes 2 to 4 days for this to be figured out. ""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" said David.He took a deep breath and looked at his secretary with something she recognized as hope.""Exactly�. This could very well be the answer to resolving the problems we are having with these clients who still owe us money.""David thought about this and agreed with Teresaerley. The customers who were in debt to Davis Truck & Haul were professional resources of the company, but they were also long-standing friends. Just because they were experiencing difficulties paying their own bills now, David was very concerned about losing these relationships. David knew only too well that the whole economy was floundering, and that it was not going to change overnight. That unknown amount of time, if he handled these debtors incorrectly, could spell disaster for both of them. 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 Teresa, thank you."" Teresa nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.David 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 Davis Truck & Haul with? Running his pencil down the sheet, he noted that the freight factoring company could assist with fuel costs, fuel advances, and fuel discount cards. In fact, Davis 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.""I must tell Ray the good news,"" muttered David to himself.David's son-in-law, Ray, loved the idea behind Davis 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. David knew then what struggles Ray would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Davis was hurting, a little guy like Ray was about to catch his death. Perhaps the antidote to these problems was in freight factoring, and they were about to find out.A few months later after going through the entire application process and having the experts review his accounts receivable, credit history and statements, David found himself beginning to dig his way out of the hole his delinquent account holders had created for him.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They took that time and refocused effort to offering competitive prices in new territories. David looked back on the dismal months of life before freight factoring and almost shuddered at the thought. If David hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

Bakersfield�s historic and primary industries have related to Kern County�s two main industries, oil and agriculture. Kern County is the most oil productive county in America, with around 10% of the nation�s domestic production. Kern County is a part of the highly productive San Joaquin Valley, and ranks in the top five most productive agricultural counties in the nation. Major crops for Kern County include: grapes, citrus, almonds, carrots, alfalfa, cotton, and roses. The city serves as the home for both corporate and regional headquarters of companies engaged in these industries.Bakersfield also has a growing manufacturing and distribution sector. Several companies have moved to Bakersfield because of its inexpensive land and access to the rest of America, as well as international ports in both Los Angeles and Oakland. Other companies have opened regional offices and non-oil/agricultural businesses because of Bakersfield�s and Kern County�s business friendly policies, such as having no local utility or inventory taxes. Products manufactured in the city include: ice cream (world�s largest ice cream plant), central vacuums, highway paint, and stock racing cars.Bakersfield is the largest city with the lowest sales tax in California at the state minimum of 7.25%Bakersfield, city (1990 pop. 174,820), seat of Kern co., S central Calif., at the southern end of the San Joaquin valley; inc. 1898. It is an oil, mining, and agricultural center and one of the fastest-growing U.S. cities. Since the Kern River oil fields were discovered in 1899, almost all of the major oil companies have established refineries in Bakersfield. Gold was discovered in the region in 1855 and silver, borax, gypsum, and tungsten are now mined. Manufactures include chemicals, apparel, food and beverages, construction materials, fabricated metal products, paper and rubber goods, and computers. Cotton, citrus fruits, potatoes, nuts, and roses are grown in the area and there is dairying. California State Univ. Bakersfield is there, and there are major aerospace facilities, including Edwards Air Force Base. Sequoia National Forest is nearby.

 

 

More Trucking Factoring Companies Story Articles

"

Factoring in the Future of a Trucking Business: A Story Robert Williams let the phone ring on his desk. His morning coffee cooled and his cigarette smoked away in the tray: Robert is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Williams 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 Robert's father had started this business working as an owner-operator and eventually growing Williams Trucking Company into a fifteen trailer fleet. There had been some hard times when it seemed everything was going to go under and even Robert�s mother strapped herself into a cab 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. But now things were different: the company was in Robert's hands and he needed to ensure that this business would be left in great shape for his sons.

 

To move Williams Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. He had employees to pay. They had families and household bills too. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requests for loads of agricultural and energy equipment. Every time he had to turn down a request, Williams Trucking looked weak in a very strong market.

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Robert 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). He knew his father's days were long gone and new technology was very important for the business, like having Qualcomm to reduce communication time for bills of lading.

 

Robert knew he was right in his forward thinking. How would he take Williams Trucking to the next level? More importantly, how could he afford it? Funding was all tied up in the mortgage for the office and garage and in the fuel bills. Thankfully he'd just finished paying off the bank loan for the installation of satellite radio in the trucks.

 

He wondered about factoring - was this the answer for him? 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. 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. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Robert had to really consider what his next step was going to be. Robert had heard that there were companies that charged for same day money transfers and would only advance a percentage of the money owed to your company while holding the rest in a private account if they didn�t get their bill payment within 60 or so days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! He'd even heard about some companies putting you onto a sliding percentage scale regardless of any previously signed contracts for possibly 3% or 7%, and there you are now with 10% coming as a charge to you out of the freight bill. His 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. He knew he would have to be very careful if he was to avoid any of these shady companies?

 

However, it all turned out to be very simple. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He didn�t mind signing an exclusive contract. In fact, he was quite pleased with the idea of a long-term contract because he knew this was a one-off and he would not have to keep going back and forth to different companies. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. 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. It seemed as though those bank people spoke another language, but these factoring guys knew the trucking business and spoke to him like a client, not like a beggar for a handout. The factoring companies were not interested in his credit nor the financial problems his father had experienced in the past. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Robert 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 would not have any problems, nor would they think poorly of Williams 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.

 

Robert 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, Robert could actually expand Williams Trucking Company further across the country and perhaps even go international into Canada. His heart felt full knowing his sons wouldn�t have to worry about money because of the right decisions he had made for their trucking business.

 

"

 

 

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Trucking Factoring  Articles

"

�So, this is not a loan?� Jeremy Campbell asked as he leaned back in his chair, crossing his legs. The woman who sat across the desk smiled and shook her head.�No, not exactly,� she said.Jeremy Campbell 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 Bradley. His company was called Ramirez Trucking, named after both of his grandfathers, Johnny and Lee. Both of these men had been very hardworking and had set a great example for Bradley.Six months ago disaster struck Bradley'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. Jeremy depended on his full fleet, and missing two trucks was 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. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Jeremy wasn�t a bad owner, and he hadn�t messed up. Certain events had occurred that he could not possibly have predicted, and now he had to find a way to protect his business and prevent it from ultimate devastation.That�s where the woman across the desk came in. Her name was Ruby and she worked for a factoring company. Jeremy 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 is really not a loan at all: we actually buy your accounts receivable. We aren�t giving you money to be paid back later, we�re buying something from you, and you can buy it back when you can. This is a win-win situation: we are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Jeremy agreed. It sounded perfect - perhaps too good?.Ruby laughed. �You look like you don�t believe me,� she said.�Oh no, I do: it just sounds too good to be true. I thought I was going to lose my company.�Ruby smiled, agreeing. �We get that a lot. There's no way we want to see you lose your business. You work hard, you�ve put everything you can into it. Sometimes you need help. That�s what we�re here for.""Well, I'm very grateful that you came to see me today.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� said Ruby with a smile. �Let's work out a solution to your problem.�And with that they set about making a profile.

 

Jeremy completed the form, with Ruby offering advice as needed.

 

The profile filled Ruby and her company in on Bradley�s company, and would help them determine if he was suitable for factoring. Unfortunately, not all companies are. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. Listening as Jeremy filled out his form, Ruby was pretty sure he was a perfect candidate for factoring.When the form was done Ruby took it and slid it into her briefcase. Standing up, she reached over the desk and shook Bradley's hand. He also stood up, and they smiled at each other. Jeremy walked Ruby to the door where they said 'Goodbye', then he went back into his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He shut his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. But now, after speaking to Ruby and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The sudden panic attacks, not matter where he was. He could feel it all fading away. He 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. Offering home cooking in his own hometown, his business had really prospered.But he had gotten bored. His passion didn�t lie with the food industry. He thought long and hard, and then he decided to sell the restaurant. He took six months off, and during that time he decided to create Ramirez Trucking. So he did it. For the second time in his short life he created 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 was concerned that he just did not have the energy left to try and save the business. But he couldn�t give up. Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically sick some nights. He did not want to quit - both for himself and for his staff members.And now it seemed as though he would not have to - all because of Factoring. Jeremy opened his eyes, sat forward, turned his computer on. He had lots to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.

 

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More Trucking Factoring Company Story Articles

The reason why Trucking Firms Make use of Factoring Firms.

 

As the owner of your own company, you may be much more than aware already of the challenge in making certain that capital concerns do not become a dilemma down the line. Anyway, the most terrible thing that can potentially transpire for your enterprise is to find yourself involved in a long and tough condition that leaves you forever searching for the cash you are in need of on an ongoing manner.

 

For virtually any company in this condition, the issue can come for waiting for work to lapse and actually be brought in into your balance. Invoices, checks, and the like could take some time to actually to be taken care of which can easily leave you with temporary available resources problems. The good news is, there are alternatives out there for enterprises to examine-- and just one of these is factoring agencies.

 

Factoring companies will, in substitution for your invoices, grant you with the cash right now in order that you do not have to worry about the delaying duration that could make paying off the bills and purchasing materialsmore tough. With this sort of system, invoice factoring can end up being incredibly helpful for several enterprises who have to avoid a money pitfall which they have discovered themselves in.

 

For the reason that, basing on the volume of the job, it can take up to 60 days for many establishments to get paid then it is vital to cover your own back and definitely not leave yourself funds short to pay off the monthly bills. After all, how many enterprises have two months revenue just lying there to cover all their expenditures till they earn?

 

This is specifically true of trucking companies. They generally manage numbers of invoices which means a huge quantity of collection time involves business owner themselves. Trying to get paid off promptly can turn into an incredible struggle and this is precisely why you employ trucking factoring organizations who are pleased to help out truckers mainly.

 

As most of us know, trucking is an exceptionally massive market with many firms out there utilizing hundreds of operators. Regretfully, numerous of these drivers wind up in finances predicaments because they are still awaiting work from six weeks previously to actually compensate them. When this is the scenario for a trucking business, consulting factoring providers for assistance might be the ideal choice left.

 

This signifies that a truck business can compensate the salaries of the crew, keep all the trucks refilled with gas and continue to escalate, grow and expand without always waiting for the income which is taking too prolonged to come in. Trucking Business enterprises working without a factoring program established are leaving themselves at notable threat, as contenders cash out quickly and continue to broaden.

 

There's honestly not much to be distressed about when it comes to using a Factoring company-- they usually are not like a banking company or a person who is going to leave you with a massive mound of financial debt to repay. You give them genuine invoices from output you have already finalized , you are only speeding the payment system.

 

In the United States, where truck agencies survive, factoring establishments are not considered borrowing in any capacity. This private settlement then permits both parties to make money and take pleasure in a worry-free future-- it gives the factoring firm a secured resource of income to add to the list and it offers the trucking company the required cash that they sweated to get.

 

The trucking enterprise gives their statements to the factoring firm. The trucking factoring business then receive the payments from the trucking company's clients. Factoring has been in existence for centuries and has been employed for decades by plenty of different industries-- but none exceeding so than truckers. While you may miss out on a small part of the money, something like 1-3 % depending on who you work with, it signifies that you are acquiring the cash today and can actually begin setting the resources to operate.

 

Anyway, an IOU or an invoice is absolutely not going to cover costs, is it? For trucking establishments when the resources can be fantastic one day and gone the next, it is up to the drivers to work smartly and to make sure that they are leaving themselves with a substantial volume of time and finance to get through the week until they are handed over once more.

 

So the next instance your trucking company is having some momentary capital issues and you are investing an excessive amount of time chasing slowly paying clienteles, why not start off thinking about 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 personnel and your bank dividend?

 

 

 

 

 

 

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Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. While these loans are handy they are not available to every business. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it is usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. 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 give loans, and the money you get from the Trucking Factoring company does not put you in debt. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but 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 a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. There is no debt. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. This has many benefits including the fact, that this type of financing will not affect either your business credit rating or your personal credit rating. Should the unforeseeable happen and your business fails, you will not have to worry about anyone coming after your personal as well as your business assets to pay off a loan. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.

 

2. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. This makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

3. Receive Your Money Faster. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. Borrowing from a bank begins with vast amounts of paperwork, the loan must be underwritten, and this can take ages before you're notified if the loan has been approved.

 

4.Interest is Paid Up Front. With a bank loan interest continues to build, and this has to be paid the whole time you have a business loan; however with a Trucking Factoring company there is no interest - they take it right off the top by deducting it from the total amount of receivable accounts. So 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 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. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing 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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