Contact Us Form

or Call Us At 888-239-9162

Email Us

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home page

I gave away my receivables - and made more money too - Our Freight Factoring Company Can Provide
Your Trucking Company The Cash You Need

olympicinvoicefactoring.com

freight bill factoring companies

best trucking factoring company

freight bill factoring

trucking invoice factoring companies

Using a Truck Factoring Company is advantageous for a number of factors. It permits a trucking company to raise cash without obtaining new financial obligation. While debt is often needed, most truck businesses would choose to raise money without obtaining money. Financial obligation is dangerous, and when it cannot be paid back, assets can be repossessed. If the debt is big enough, it could even compel a truck companies out of business.

 

 

 

 

 

 

 

My Company has 9 New Products - Imagine - Select A Truck�Factoring Company  Instead Of A Traditional Bank Funding

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

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

Money flow does not have to be an issue any more. Do not be fooled -- banks are not the only places you can get financing. Other options are available and you do not have to borrow. Exactly what is trucking factoring ? One solution is called truck factoring. Truck Factoring is the procedure of selling invoices to a financier rather than waiting to gather the cash from the client. Oh, the Irony- Trucking factoring has an ironic distinction: It is the financial backbone of numerous of America's most successful companies. Why is this ironic ? Since receivable loan funding is not taught in business colleges, is rarely mentioned in business strategies and is fairly unknown to bulk of most of American company individuals.

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

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

Receivable Funding offers the ways for a manufacturer to renew inventory and make even more products to sell: There is no longer a need to wait for earlier sales to be paid. Receivable Loan Financing is not simply a money management device for producers: Practically any type company can benefit from Invoice Factoring. Typically, a company that extends credit will have 10 to 20 percent of its annual sales bound in accounts receivable at any given time. Think for a minute about how much is bound in 60 days' worth of invoices: You can not pay the power bill or this week s payroll with a client s invoice, however you can offer that invoice for the cash to meet those obligations. Using truck factoring companies is a quick and easy procedure. The factor buys the invoice at a discount, typically a couple of percentage points less than the stated value of the invoice.

 

 

Please call our
trucking factoring experts at
1 - 888-239-9162
or

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

 

 

arlington-factoring-companies

 

The United states Transportation Association
states that there are about
195,000 employees with freight trucking
companies and
276,000 personal service providers trucking
firms certified to
run in America that transferred,
according to their most current data of millions
items, materials and
basic products .
There are numerous typical
carriers either going solo or in
groups on our country
roads transferring these
vital items to our
shops, manufacturingplants and ports.

And freight bill factoring
companies benefit
several of them and offer their
factoring facilities
countrywideincluding
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

 

 

Watch Our Trucking Factoring YouTube Videos For More Information

 

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

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.

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

List of Trucking Companies for Owner/Operators and Company Drivers

 

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

 

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

 

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

List of Trucking Companies for Owner/Operators and Company Drivers

 

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

 

 

"

Since the mid 1980s Harvey 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 heady times from 2002 to 2007, Harvey was a top rated accounts receivable mastermind of 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.It was just one year later, in 2008, when the economy in the United States took a sharp decline, and both large and small businesses started to notice the squeeze on their pocketbooks: everyone had suddenly gone silent. Business slowed to a crawl

 

. Worse still, it was noticed by Harvey in early 2008 that even though most of their loyal customers wereon time with their payments, there were a few late bloomers who were starting to spread the disease. Spring changed to summer, summer changed to fall, and the CEO of Harvey, Harvey Hernandez, 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 already been to the administrators to ask what the actual problem was. Were they doing things different, or wrong, when it came to collecting overdueaccounts? 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 Harvey 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 friendsin the same field, he realised that no, his customers hadn't gone anywhere else. The had just gone!.To Harvey Hernandez the situation looked desperate. He had employees to pay, goods to ship, trucks to maintain and overhead that was almost unbearable when compared against the lack of funds that were coming in. In the evenings he would discuss his concerns with his wife, Arlene, and still find no relief from the worry and frustration.

 

""I have a bad feeling, Lin,"" he'd sadly sayto his wife.""Well, what do you think it is?"" she would say.Harvey would stare off into the distance, and then slowly close his eyes. He could see the fleet of trucks he had purchased over the years. He could see them traveling, bringing goods to all of his clients. But somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. What on earth was happening to create the death of his business?""I think I know what it could be,""said Harvey. ""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."" Linda could only grab her husband's hand and look at him lovingly, ""It's a hard economy. It might be awhile until things get settled up.

 

""Harvey 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.Thenext day Harvey strolled into his office and was determined to sit down and make every phone call to every client who had owed Harvey 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. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing.Wasting money, wasting time - even with the best of intentions, Harvey knew that he was in trouble.

 

After a half day of contacting debtors in vain - they dodged his calls or promised to call back at worst or made minimal interest-only payments at best - he was about to throw in the towel when his secretary Shellyerley knocked at his door.

 

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

 

""Sure thing Shelly, come on in.""Harvey relaxed back into his chair and looked up at Shellyerley.""Well Harvey, this afternoon I did some research, trying to work out how we're going to get out of this mess."" She opened up a folder she had been carrying and pulled out a small wad of papers, placing them on the desk in front of him.""Have you ever heard the word factoring?"" she asked.""It sounds vaguely familiar. What is factoring""? he asked.She began, ""Well, it's reallyvery simple. So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Harvey interrupted ""Immediately?"".""Immediately, yes"" she added, ""It's actually very simple. We start by having a professional account manager review our figures and help us set up a company profile. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. In addition,factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It provides a very broad view.��Harvey replied cautiously ""I see - and what happens then?��Following the completion of their review and once we've been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.

 

This company tells us what the cost will be to purchase factoring for our accounts receivable. We come to an agreement and the funding starts pouring out.�Harvey was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Shelly,"" he said.""Now, now, I know, I thought the same thing. But think about it, Harvey: they've guaranteed that experts will do all the paperwork, and that will free us up to do what weshould be doing - focusing on our customers in good standing, and that kind of stuff. They appear to be very flexible, Harvey,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked Harvey.""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, seeingas 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,"" Harvey said.He took a deep breath and looked at his secretary with something she recognized as hope.""Exactly�. This could be the answer to our prayers: it will solve many problems we're facing due to these unpaid debts.""Harveytook a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Harvey Truck & Haul were professional resources of the company, but they were also long-standing friends. They didn't want to throw away these relationships because they were having trouble paying their bills now. Harvey knew that the economy had taken a hit and he knew that it would probably be a long time before things started to look up again. That unknown amount of time, if he handled these debtorsincorrectly, could spell disaster for both of them. He didn't want to lose business but he also didn't want to lose any more money.""Well, let me think about this tonight Shelly, thank you."" Shelly stood up and left Harvey's office, with the nice feeling of knowing that she may just have solved a very serious problem.Harvey sat behind his desk and looked over the details Shelly had not mentioned in their meeting. He wondered if there might be other problems freight factoring could help HarveyTruck & 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, Harvey could receive up to fifty-percent cash advances upon load pick-ups. Harvey was a typical business man: he despised binding contracts that didn't allow room to breathe, so he was pleasantly surprised to see that the factoring company didn't require a long term contract, that there was no minimum volume required, and that therewere no sign-up fees.""Well, I'll have to tell Gordon about this,"" muttered Harvey to himself.Harvey's son-in-law, Gordon, loved the idea behind Harvey 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. At that time Harvey knew the struggles Gordon would face, but he still encouraged him to follow his dream. With the economy the way it was, if an established company such asHarvey was struggling then the little guys, like Gordon, were going to be in even more trouble.

 

Perhaps the antidote to these problems was in freight factoring, and they were about to find out.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, Harvey found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.Theyadopted 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. Harvey 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 Trucking Factoring Companies Story Articles

Factoring in the Future of a Trucking Business: A Story Roland Fernandez let the phone ring on his desk. He let his morning coffee cool and left his cigarette to ash itself in the tray, because he is trying to make the biggest decision ever for his trucking company. Fernandez 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.

 

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

 

There just never seemed to be enough money to go around, and certainly no spare cash, but to move his company successfully into the future he needed a steady and reliable cash flow. He had employees to pay. They all have families and the usual household bills. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requestsfor loads of agricultural and energy equipment. He knew that turning down these requests made Fernandez 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'. Roland allowed himself a good hard chuckle. He remembered when his father was totally against installing GPS units in the cabs. He would say, �Why do you need the voice of some woman to tell you to get off at an exit that has beenthe same exit that has been there for years?� He smiled to himself as he remembered his father poking fun at the other drivers who switched to automatic, even though automatic was quite obviously more efficient (though less manly). His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.

 

Roland believed a successful man is always thinking of his next step.How would he take Fernandez 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 like a ninth grade math problem and he wondered how this would fit into the truckingbusiness. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. The factoring company gives the trucking business its payment right away which allows the business to have continuous cash flow so it can pay employees, buy fuel, and make repairs for upcoming hauls. Without the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. In those 30 days, a trucking company can�t pay its bills andemployees in invoices.

 

Now it was time for Roland to do his homework. Roland 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 evenheard about some companies putting you onto a sliding percentage scale regardless of any previously signed contracts for possibly 3% or 7%, and there you are now with 10% coming as a charge to you out of the freight bill. His colleague, Ronnie, who owned a trucking company in Missouri, was nearly destroyed by a factoring company who charged him the full freight bill on top of the fees for factoring. 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. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He was quite happy to sign an exclusive contract. 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 notcharged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. Many companies offered a non-recourse factoring program that suited him just fine. He was more than happy with the figures he was offered in percentage terms on the freight bills. It sounded like a great scheme to him.

 

For Roland it was quite a relief to be dealing with the factoring company. They were more personable than those loan managers at the bank. It seemed as though those bank people spokeanother 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. Factoring was based on the credit of his customers and on their reliability which worked well for Roland because he and his father had built up good strong relationships over decades with their list of clients. He knew immediately that there would not beany problems when they were contacted by the factoring company regarding their invoices. His clients wouldn�t think poorly of Fernandez Trucking and the factoring companies appeared capable of handling the accounts receivable in the same polite manner that his father had used over the years.

 

Roland 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 raisethe 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, Roland could actually expand Fernandez Trucking Company further across the country and perhaps even go international into Canada. He was a happy man again knowing that he had just made a decision which would guarantee the success of his business and his sons wouldn't be inheriting a financial mess.

 

 

 

 

 

Finance Invoices

 

Factoring Agency

 

View Our Trucking Factoring Videos For More Information

 

 

 

 

 

 

 

Trucking Factoring  Articles

�So, this is not a loan?� Dale Ward asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Dale smiled at him, shaking her head.�Not quite,� she said.Dale Ward owned a small trucking company, and his business had recently fallen on difficult times. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Tyler. He named his business Bailey Trucking, named after Charles and Nicholas, his two grandfathers. Both of these men had been very hardworking and had set a great example for Tyler.Six months ago disaster struck Tyler's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. Dale depended on his full fleet, and missing two trucks was devastating . Furthermore, buying a whole new truck and fixing the other simply took morecash than Dale had on hand.A big problem a lot of trucking companies came across was how bills were paid in the industry. Waiting a month or longer for bills to be paid was quite normal. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Dale was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he couldn't have predicted, and he had to figure out a way to keep his business from hurting, or even going under.That�s wherethe woman across the desk came in. Her name was Bernice and she worked for a factoring company. Dale had come across her company as he sat in his office late one night, pouring over the internet for some solution to his problem long after his employees had gone home.Bernice explained. �It�s not a loan, we purchase your accounts receivable. We aren�t giving you money to be paid back later, we�re buying something from you, and you can buy it back when you can. That way we�re protected from a complete loss, butyou�re protected from the outrageous fees you would find in a loan from the bank.Dale nodded. It sounded good to him, almost too good.The woman laughed. �I'm not sure that you believe me,� she said.�Oh no, I do: it just sounds too good to be true. I actually thought I might end up losing my business.�Bernice nodded. �We get that a lot. Listen, I�d hate to see you lose your company. We know how hard you work, and that you've invested everything in your business. Sometimes you need help. That�s what we�re herefor.��Well, I'm very grateful that you came to see me today.��It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� Bernice said with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Dale filled the form out, with Bernice available to help him if he needed it. The completed profile gave Bernice and her company all the information they needed on Tyler's business, and with this information they would determineif this business would in fact be suitable for Factoring. Unfortunately, not all companies are. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. As Dale completed his form, Bernice listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Bernice took it and slid it into her briefcase. Standing up, she reached over the desk and shook Tyler's hand. He stood before they shook as well, and then smiled.Dale walked Bernice to the door where they said 'Goodbye', then he went back into his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He shut his eyes. He felt so drained: he had been flailing helplessly for so long, he just knew his business was going to collapse and probably take him with it. Talking to Bernice though, learning about factoring, it felt likea weight had been lifted from his shoulders. He relaxed into his chair, running his hand through his thick black hair with its telling streaks of grey.All those long, sleepless nights. The sudden panic attacks, not matter where he was. He could feel it all fading away. He knew it wasn't over yet and that there was still a way to go, but he could just feel everything start to change for him. He was still here; he knew this was the right path for him, and he felt proud that he had taken the appropriate steps tosort out his problems.Dale couldn�t help but think back to when he had first started the business. At twenty-two and straight out of school he had opened a restaurant. It had been really successful. Home cooking in his hometown, and he had done very well.But he had gotten bored. His passion didn�t lie with the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took half a year off, and in that time he thought to start Bailey Trucking. So he did it. Once againhe built a company from the ground up. The business had been an instant success.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was nearing fifty. He was concerned that he just didn't have the energy left to try and save the business. But giving up wasn't part of his personality either.

 

The idea of cutting his losses, shutting down, laying off his workers, it actually made him sick some nights. He didn't want to quit - both for himself and for hisstaff members.And now, because of factoring, he was sure he wouldn�t have to. Tyler's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. He could be thankful later, for now, it was time to work.

 

 

 

 

More Trucking Factoring Company Story Articles

Reasons why Truck Companies Use Factoring Companies.

 

As the owner of your ownbusiness enterprise, youmay likely bemuch more thanknowledgeable already of thechallenge in makingcertain that cash flowconcerns do not become adifficulty down the line. After all, themost horrible thing that canin all probabilityoccur for yourestablishment is to find yourselfswept up in a long andchallengingpredicament that leaves you forevertrying to find thefinances youneed to have on anrecurring basis.

 

Forany sort ofcompany in thisposition, thedilemma can come for waiting for work tolapse and actually besettled into yourbank account.Bill of sales, checks, and the like cantake a long time to actually to beprocessed whichcan easily leave you withtemporary cash flowdifficulties. Thankfully, there areapproaches out there forindustries tocheck out-- and one of these is factoringagencies.

 

Factoringagencies will, insubstitution for youraccounts,give you with themoneyimmediatelyso you don't need to worry about the waitingtime span that could make paying theexpenses andpurchasing materialsmorechallenging. With this type ofsystem, invoice factoring canend up being incrediblybeneficial forcountless businesses whohave to get out of a cashlure which they have found themselves in.

 

Since, depending on thescale of theproject, it can take up to 60 days forseveralcompanies to getcompensated then it'svital to cover your own back and not leave yourselfresources short to pay the bills. After all, how manyestablishmentspossess two monthsincome just lying there tohandle all theiroverheads until theyearn?

 

This ismost notablycorrect of truckingfirms. Theyoftenhandle lots ofaccounts which means aseriousquantity of collectionperiodentailscompany owner themselves.Attempting to getcompensatedpromptly candevelop into anextraordinaryinconvenience and this isexactly why youmake use of trucking factoring companies who arepleased to help out truckersparticularly.

 

Asall of us know, trucking is anastonishingly large industry witha lot oforganizations out therehiring hundreds ofoperators. Unfortunately, many of these driverswind up in moneydilemmasconsidering that they are stillexpecting work from six weeksin the past to actually pay them. When this is the situation for atruck company,consulting factoringfirms forsupport might be the bestoption left.

 

This means that a truckingcorporation cancompensate thepaychecks of the staff, keep all the trucksloaded with fuel and continue toescalate,rise and expand withoutcontinually waiting for theresources which is taking too long to come in. TruckingCompanies running without a factoring programapplied are leaving themselves at significantdanger, ascontenders cash outpromptly and continue togrow.

 

There'shonestlynothing at all to be worried about when it comes to using a Factoringestablishment-- theytypically aren't like a bank orsomeone who is going to leave you with alargestockpile ofpersonal debt torepay. You give them genuine invoices fromoutput you have alreadyaccomplished , you areonly just speeding up the payment process.

 

In the United States, where trucking companies thrive, factoring companies are not consideredgetting a loan in any capacity. Thisprivatesettlementthenmakes it possible for both parties tobenefit andindulge in a comfortable future-- it gives the factoring company a guaranteed asset ofrevenue toinclude in the list and itsupplies the trucking firm therequiredfinances that theysweated togenerate.

 

The truckingenterprisepresents theirstatements to the factoringenterprise. The trucking factoringbusiness then receive the payments from the trucking company's customers. Factoring has been in existence for hundreds of yearsand has beenemployed forlong times bynumerousvariedmarkets-- but none more so than truckers. While youmightlose out on a small part of the money, something like 1-3 %depending upon who youteam up with, itimplies that you areacquiring the money today and can actually start putting thefunds to work.

 

After all, an IOU or an invoice isnot actually going to pay forcosts, is it? For truckingestablishments when thefunds can beexcellent one day and gone the next, it's upto the drivers to worksmartly and toascertain they are leaving themselves with asubstantialmeasure of time and finance to get through the weekup until they are paidonce more.

 

So the nextinstance your trucking business isbearing some short-termcapitalchallenges and you aredevotingexcessive time chasingsluggish payingcustomers, why notbeginlooking at using a factoring businesses as amanner to get your money and give yourself a more comfortable future in the eyes ofyour truckingpersonnel and your bankdividend?

 

 

 

 

 

 

"

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's 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 yourentire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Once the loan is paid off, you can then apply for another loan if the need arises.

 

Trucking Factoring Companies

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but havenot 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 yourequire it.

 

What Are The Benefits Of A Trucking Factoring Company Versus A Traditional Bank Loan?

 

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

 

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

 

2.No Collateral Required. Another great benefit of using the services of a Trucking Factoring company instead of a bank loan is that there is no collateral required for the Trucking Factoring company, because the Trucking Factoring company is 'buying' your accounts receivables. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable are being offered for financing. This makesit 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. Once the Trucking Factoring company assures itself that the customers in your accounts receivable are likelyto pay their debt, the money is usually in the account within 24 hours. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.

 

4.Interest is Paid Up Front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you don't have to continue to pay interest as they take it right off the top, deductingit from the total amount of accounts receivable. So you don't have to worry about monthly loan repayments, and you don't have to worry about the amount of interest payable, because all the money in the account is yours to spend.

 

As you can see, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The mostimportant benefits is that once you sell your accounts receivable to the factory company, you don't have to take time away from running your business to collect the money owed from reluctant to pay customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

Another bonus is that, because the Trucking Factoring companyhas 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.

 

"

 

 

 

 

Factoring Companies by City

New York City

Los Angeles


Chicago


Houston


Philadelphia


Phoenix


San Antonio


San Diego


Dallas


San Jose

Austin


Jacksonville


Indianapolis


San Francisco


Columbus


Fort Worth


Charlotte


Detroit


El Paso


Memphis

 

 

Boston


Seattle


Denver


Washington DC


Nashville-Davidson


Baltimore


Louisville/Jefferson


Portland


Oklahoma City


Milwaukee


Las Vegas


Albuquerque


Tucson


Fresno


Sacramento


Long Beach


Kansas City


Mesa


Virginia Beach


Atlanta

 

Colorado Springs


Raleigh


Omaha


Miami


Oakland


Tulsa


Minneapolis


Cleveland


Wichita


Arlington

 

New Orleans

Bakersfield

Tampa

Honolulu

Anaheim

Aurora

Santa Ana

St. Louis

Riverside

Corpus Christi

Pittsburgh

Lexington Fayette

Anchorage

Stockton

Cincinnati

St. Paul

Toledo


Newark

Greensboro

Plano

Henderson

Lincoln

Buffalo

Fort Wayne

Jersey

Chula Vista

Orlando

St. Petersburg

Norfolk

Chandler

Laredo

Madison

Durham

Lubbock

Winston Salem

Garland

Glendale

Hialeah

Reno

Baton Rouge

Irvine

Chesapeake

Irving

Scottsdale

North Las Vegas

Fremont

Gilbert town

San Bernardino

Boise

Birmingham

Rochester

Richmond

Spokane

Des Moines

 

Modesto


Fayetteville

Tacoma

Oxnard

Fontana

Columbus

Montgomery

Moreno Valley

Shreveport

Aurora

Yonkers

Akron

Huntington Beach

Little Rock

Augusta

Amarillo

Glendale

Mobile

Grand Rapids

Salt Lake City

Tallahassee

Huntsville

Grand Prairie

Knoxville

Worcester

Newport News

Brownsville

Overland Park

Santa Clarita

Providence

Garden Grove

Chattanooga

Oceanside

Jackson

Fort Lauderdale

Santa Rosa

Rancho

Cucamonga

Port St. Lucie

Tempe

Ontario

Vancouver

Cape Coral

Sioux Falls

Springfield

Peoria

Pembroke Pines

Elk Grove

Salem

Lancaster

Corona

Eugene

Palmdale

Salinas

Springfield

Pasadena

Fort Collins

Hayward

Pomona

Cary

Rockford

Alexandria

Escondido

McKinney

Kansas City

Joliet

Sunnyvale

Torrance

Bridgeport

Lakewood

Hollywood

Paterson

Naperville

Syracuse

Mesquite

Dayton

Savannah

Clarksville

Orange

Pasadena

Fullerton

Killeen

Frisco

Hampton

McAllen

Warren

Bellevue

West Valley City

Columbia

Olathe

Sterling Heights

New Haven

Miramar

Waco

Thousand Oaks

Cedar Rapids

Charleston

Visalia

Topeka

Elizabeth

Gainesville

Thornton

Roseville

Carrollton

Coral Springs

Stamford

Simi Valley

Concord

Hartford

Kent

Lafayette

Midland

Surprise

Denton

Victorville

Evansville

Santa Clara

Abilene

Athens

Vallejo

Allentown

Norman

Beaumont

Independence

Murfreesboro

Ann Arbor

Springfield

Berkeley

Peoria

Provo

El Monte

Columbia

Lansing

Fargo

Downey

Costa Mesa

Wilmington

Arvada

Inglewood

Miami Gardens

Carlsbad

Westminster

Rochester

Odessa

Manchester

Elgin

West Jordan

Round Rock

Clearwater

Waterbury

Gresham

Fairfield

Billings

Lowell

Ventura

Pueblo

High Point

West Covina

Richmond

Murrieta

Cambridge

Antioch

Temecula

Norwalk

Centennial

Everett

Palm Bay

Wichita Falls

Green Bay

Daly City

Burbank

Richardson

Pompano Beach

North Charleston

Broken Arrow

Boulder

West Palm Beach

Santa Maria

El Cajon

Davenport

Rialto

Columbia

Lansing

Fargo

Downey

Costa Mesa

Wilmington

Arvada

Inglewood

Miami Gardens

Carlsbad

Edison

Las Cruces

San Mateo

Lewisville

South Bend

Lakeland

Erie

Woodbridge

Tyler

Pearland

College Station

 

Albany


Allegheny

Brooklyn

Camden

Canton

Dearborn

Duluth

Fall River

 

Flint

Gary

Hammond


Kenosha

Livonia

Lynn

Macon

New Bedford

Niagara Falls

Parma

 

Portsmouth

Reading

 

Roanoke


Scranton

Somerville

St. Joseph

Trenton

Utica
Wilmington

Youngstown

 

 

 

 

 

 

state sitemap 1

state sitemap 2

state sitemap 3

state sitemap 4

state sitemap 5