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How to Get Cash And Grow Your Company -
Our Receivable Loan Company
Can Provide
Your Truck Company
The Money Your Company Needs

Seattle Factoring Companies

and Seattle-Factoring-Companies.accountreceivablesfinancing.org.

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Http://Receivable-Loan.freightfactoringcompany.org

Only Companies with imagination can take it - Choose 

A Freight�Factoring Company  Instead Of A Traditional Bank Financing

How to Increase Money Flow Without Loaning -Cash Money flow is one of the main reasons companies fail.

 

http://factoringcorp.com/

 

You could have discovered financial factoring but most people might just not know what it is or much more importantly what it can do for your company. Accounts Receivable Financing also referred to as receivables funding is a type of asset based financing that will improve a business' immediate cash flow needs. It is not a loan; no debt obligation is taken on by trucking factoring ,and the financing is unrestricted. Account Receivable Financing Companies in Receivables Factoring Companies Seattle Factoring Companies at Accountreceivablesfinancing.org- furnishing receivables discounting facilities seattle-factoring-companies

Accountreceivablesfinancing.org-Seattle Factoring Companies

 

Account Receivable Financing Companies

Why Trucking Firms Utilize Factoring Firms.

 

As the manager of your own establishment, you may likely be more than knowledgeable already of the challenge in making certain that cash flow concerns do not become a difficulty down the line. After all, the most disappointing thing that can potentially occur for your business is to find yourself embroiled in a long and challenging situation that leaves you forever searching for the finances you need to have on an continuous manner.

 

account receivables financing

Freightfactors.Org

Trucking Invoice Factoring Companies

Precisely why Trucking Establishments Employ Factoring Companies.

 

As the operator of your own business enterprise, you may likely be much more than knowledgeable already of the hardship in making sure that cash flow matters do not become a predicament down the line. Anyway, the toughest thing that can in all probability take place for your business is to find yourself involved in a long and troublesome predicament that leaves you forever searching for the funds you need to have on an continuing manner.

 

 



Trucking Factoring Companies-Factoring-Loan.Org

 

"

Seattle's economy is driven by a mix of older industrial companies, and ""new economy"" Internet and technology companies, service, design and clean technology companies. The city's gross metropolitan product was $231 billion in 2010, making it the 12th largest metropolitan economy in the United States. The Port of Seattle, which also operates Seattle�Tacoma International Airport, is a major gateway for trade with Asia and cruises to Alaska, and is the 8th largest port in the United States in terms of container capacity. Though it was affected by the Great Recession, Seattle has retained a comparatively strong economy, and remains a hotbed for start-up businesses, especially in green building and clean technologies: it was ranked as America's No. 1 ""smarter city"" based on its government policies and green economy. February 2010, the city government committed Seattle to becoming North America's first ""climate neutral"" city, with a goal of reaching zero net per capita greenhouse gas emissions by 2030. headquarters building in South Lake UnionStill, very large companies dominate the business landscape. Four companies on the 2013 Fortune 500 list of the United States' largest companies, based on total revenue, are headquartered in Seattle: , is based in Federal Way. Finally, Bellevue is home to truck manufacturer Paccar (#168). Other major companies in the area include There are also many successful independent artisanal espresso roasters and caf�s.Prior to moving its headquarters to Chicago, aerospace manufacturer was the largest company based in Seattle. Its largest division is still headquartered in nearby Renton, and the company has large aircraft manufacturing plants in Everett and Renton, so it remains the largest private employer in the Seattle metropolitan area. Former Seattle Mayor announced a desire to spark a new economic boom driven by the biotechnology industry in 2006. Major redevelopment of the South Lake Union neighborhood is underway, in an effort to attract new and established biotech companies to the city, joining biotech companies is behind most of the development projects in the region. While some see the new development as an economic boon, others have criticized Nickels and the Seattle City Council for pandering to interests at taxpayers' expense. Also in 2006, Magazine ranked Seattle among the top 10 metropolitan areas in the nation for climates favorable to business expansion. In 2005, ranked Seattle as the most expensive American city for buying a house based on the local income levels. In 2013, however, the magazine ranked Seattle No. 9 on its list of the Best Places for Business and Careers.operating a hub at Seattle�Tacoma International Airport, maintains its headquarters in the city of SeaTac, next to the airport

 

"

 

Accounts Receivables Factoring Companies

Why Trucking Firms Utilize Factoring Firms.

 

As the manager of your own establishment, you may likely be more than knowledgeable already of the challenge in making certain that cash flow concerns do not become a difficulty down the line. After all, the most disappointing thing that can potentially occur for your business is to find yourself embroiled in a long and challenging situation that leaves you forever searching for the finances you need to have on an continuous manner.

 

 



Trucking Factoring Companies-Factoring-Loan.Org

 

 

 

Business Factoring Companies

 

Business Factoring Companies

 

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

Money flow does not have to be a problem any ever more. Do not be fooled -- banks are not the only places you can get funding. Other solutions are available and you do not have to borrow money. Exactly what is truck factoring ? One solution is called trucking factoring. Truck Factoring is the procedure of selling accounts receivable to a financier rather than waiting to collect the money from the client. Oh, the Irony- Truck factoring has an ironic difference: It is the financial backbone of numerous of America's most effective companies. Why is this ironic ? Since freight factoring services is not taught in business colleges, is rarely discussed in business plans and is fairly unidentified to the majority of most of American company individuals.

Yet it is a monetary procedure that releases up billions of dollars every year, enabling thousands of businesses to grow and succeed. Factoring has been around for countless years. Trucking Factoring Companies are investors who pay cash for the right to get the future payments on your invoices. An overdue receivable or invoice has value. It is a financial obligation your customer 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 business uses a factoring principal. MasterCard, Visa, and American Express all utilize a form of factoring in their retail deals. Utilizing the purest meaning of the word, these large customer finance business are really simply big Receivable Loan Funding Companies of customer paper. Think about it: You purchase at Sears and charge it to your MasterCard. The store makes money almost instantly, even though you do not pay until you are prepared.

For this service, the charge card business charges Sears a fee (typical common normal charges range from 2 to four percent of the sale). The Advantages Receivable Loan Funding can offer numerous benefits to cash-hungry business. Rather than wait 30, 60, 90 days or longer for payment on an item that has actually already been provided, a business can factor (sell) its receivables for money at a small discount off the amount of the invoice. Payroll, advertising efforts, and working capital are simply a few of the company needs that can be satisfied with instant  money.

Receivable Funding offers the means for a producer to renew stock and make even more items to sell: There is no longer a need to await for earlier sales to be paid. Receivable Loan Financing is not simply a cash management tool for manufacturers: Practically any type company can benefit from Commercial Factoring. Generally, a company that extends credit will have 10 to 20 percent of its annual sales tied up in invoices 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 today s payroll with a customer s invoice, however you can sell that invoice for the cash to meet those obligations. Using trucking factoring companies is a quick and easy procedure. The factoring company buys the invoice at a discount, typically a few percentage points less than the face value of the invoice.

Factoring Companies at Freelandcustom.Com

 

Seattle Factoring Companies

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The United states Transportation Association
specifies that there are about
200,000 employees with transportation
companies and
250,000 personal companies trucking
companies certified to
operate in the U.S. that transferred,
according to their most current searchings for billions of
items, supplies and
fundamental materials .
There are a number of common
carriers either going solo or in
groups on our nation
roadways carrying these
important products to our
shops, manufacturing facilities and shipping ports.

Furthermore  trucking factoring
businesses service
numerous of them and offer their
receivables financing services
nationwide counting
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

Seattle Factoring Companies

 

Watch Our Truck Factoring YouTube Videos For More Information

 

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:

Click below to find Trucking Companies in the United States:

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

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

 

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.

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.

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

 

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

 

 

 

View Our Freight Factoring Videos For More Information

 

 

http://nonrecoursefactoring.org

 

 

http://Nonrecoursefactoring.Org

 

 

 

How Much is Your Cash Flow "Tension" Costing Your Company

 

"

�So It is not a loan?� asked Clarence Warren, reclining back into his chair and crossing his legs. The woman sitting across the desk from Clarence smiled at him, shaking her head.�Not quite,� she stated.Clarence Warren owned a small trucking company, and his business had recently fallen on difficult times. Trucking could be a profitable business, and for a little under a decade, it had been for Sergio. His company was called Bates Trucking, named after both of his grandfathers, Larry and Jeffrey. Both of these men had been very hardworking and had set a great example for Sergio.Disaster had struck half a year ago, when two trucks in Sergio�s fifteen truck fleet went down. One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. Clarence depended on his full fleet, and missing two trucks was devastating . Furthermore, buying a whole new truck and fixing the other simply took more cash than Clarence had on hand.Paying of bills in the trucking industry is always a major cause for concern for businesses.

 

Waiting a month or longer for bills to be paid was quite normal. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Clarence wasn�t a bad owner, and he hadn�t messed up. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.And that's why he found himself across the desk from this woman. Clarence knew she was employed by a Factoring company and that her name was Veronica. Clarence 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.Clarence nodded. It sounded perfect - perhaps too good?.Veronica laughed. �I'm not sure that you believe me,� she chuckled.�Oh no, I do: it just sounds too good to be true. I actually thought I might end up losing my business.�Veronica nodded. �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. We all need help sometimes. That�s what we�re here for.""In any case, thank you for coming to see me.""No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� said Veronica with a smile. �Let's work out a solution to your problem.�And with that they set about making a profile.

 

Clarence completed the form, with Veronica offering advice as needed.

 

The profile filled Veronica and her company in on Sergio�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. As Clarence completed his form, Veronica listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Veronica took it and slid it into her briefcase. She then stood, reached across the desk and shook Sergio�s hand. He stood before they shook as well, and then smiled. They said their goodbyes and Clarence walked her to the door, and then returned to 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 leaned back and closed 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 Veronica though, learning about factoring, it felt like a weight had been lifted from his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The sudden panic attacks, not matter where he was. Already he could feel all the stress start to drain 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. At twenty-two and straight out of school he had opened a restaurant. It had been successful. Home cooking in his hometown, and he had done very well.But he had gotten bored. He wasn't passionate about the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took six months off, and during that time he decided to create Bates 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.And then the trucks went down, and his success looked to be in flux. He was nearing fifty. He didn�t think he had it in him, to save this company. But he couldn�t give up. Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically sick some nights. He didn�t know how to say quit.And now it seemed as though he would not have to - all because of Factoring. Clarence opened his eyes, sat forward, turned his computer on. He had things to do. He could be thankful later, for now, it was time to work.

 

"

 

 

 

 

More Factoring For Trucking Companies -Articles

http://Nonrecoursefactoring.Org

 

 

 

Trucking Factoring

 

"

West Truck & Haul have been operating their business since the mid 1980s. For more than twenty years they've been delivering goods for most major industries in the nation, with business booming as they traversed the country, in all kinds of weather, for all kinds of clients. During the boom times from 2002 to 2007 West Truck & Haul was the mastermind of a top-rated accounts receivable in the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. The money was flowing, and times were great.But a short year later, in the fall of 2008, when the United States economy took a nosedive and businesses both small and large began to feel the pinch on their pocketbooks, those that used to make their demands had suddenly and largely gone silent. Business slowed down. Worse still, it was noticed by West in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. And as spring turmed to summer and summer into the early days of fall, Dale Sullivan, CEO of West felt a chill go down his spine whenever he would look at the weekly A/R reports. There was a growing list of clients who now owed them back debt.He had already been to the administrators to ask what the actual problem was. Were they doing things different, or wrong, when it came to collecting overdue accounts? By his bookkeepers records, this wasn't 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 West money had jumped ship and decided to leave him holding the bag.

 

. They could not afford to pay him their debt, but they could afford a lesser service, maybe. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. The had just gone!.The situation looked dire to Dale Sullivan. Dale was very concerned, because there were constant overheads, goods to ship, employees to pay, and trucks which needed to be maintained, but there just wasn't the money coming back into the business. In the evenings he would discuss his concerns with his wife, Edna, and still find no relief from the worry and frustration.

 

""I have a bad feeling, Lin,"" he'd sadly say to his wife.""Well, what do you think it is?"" she would say.Dale 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 then a haze would cover his trucks and his vast fleet would vanish to leave just a few. What could cause this ultimate death spiral of business?""I think I know what it could be,"" said Dale. ""For way too long I've been relying solely on profits received from invoices. I've let too many of our customers go too long without paying on their bills."" Linda could only grab her husband's hand and look at him lovingly, ""it is a hard economy. It might be awhile until things get settled up.

 

""Dale 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 following day Dale walked into his office with a spring in his step, determined to call each and every client who owed money to West Truck & Haul. 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, Dale knew that he was in trouble.

 

Poor Dale spent the whole morning trying in vain to contact his debtors: they promised to call back, dodged his calls, or made small interest-only payments. He was beginning to feel quite despaired when his secretary knocked on his door.

 

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

 

""Sure thing Maxine, come on in."" Dale leaned back in his chair and looked expectantly at Maxineerely.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Dale."" She pulled a small stack of papers from a folder and set them on the desk before him.""Have you ever heard the word factoring?"" she asked.""It sounds vaguely familiar. What is it?"" he said.""Well,"" she began, ""It�s actually quite simple really.

 

So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Immediately?"" Dale interrupted.""Immediately, yes"" she added, ""In a nutshell, it is pretty easy. We can have an expert account manager review our numbers and help us complete a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It�s a broad view.""I see,� Dale said. �And then what?""Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. 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.�Leaning forward, Dale studied the documents very closely.""It sounds too good to be true, Maxine,"" he said.""Now, now, I know, I thought the same thing. But really, they have guaranteed us experts that do all the legwork, which would free us up here to focus on our clients in good standing and marketing, all that good stuff. They appear to be very flexible, Dale,"" she drew a circle around a paragraph on the document before him.""How flexible?"" he asked.""They personalize the factoring rates so that the amount they are willing to take on is commensurate with our needs and our client�s debt. 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. it is imperative that we keep the business rolling as usual, and every day we go unpaid we are getting closer and closer to dealing with some serious issues in both the short term and the long term,"" said Dale.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Dale thought about this and agreed with Maxineerley. The customers who were in debt to West Truck & Haul were professional resources of the company, but they were also long-standing friends. They did not want to throw away these relationships because they were having trouble paying their bills now. He was well aware that the economy was in a bad way and that it might be quite a while before things started picking up. 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.""Let me go over this tonight Maxine, and thankyou."" Maxine stood up and left Dale's office, with the nice feeling of knowing that she may just have solved a very serious problem.Dale stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. What other issues could freight factoring help West with? With his pencil gliding down the sheet he noticed that the factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. In fact, West could receive up to fifty-percent cash advances upon load pick-ups. Dale was a typical business man: he despised binding contracts that did not allow room to breathe, so he was pleasantly surprised to see that the factoring company did not require a long term contract, that there was no minimum volume required, and that there were no sign-up fees.""I must tell Tyler the good news,"" muttered Dale to himself.His son-in-law Tyler had liked the idea of West so much and revered his father in law for having such business acumen that only two years before, he had gathered the venture capital to begin his own transportation service company. At that time Dale knew the struggles Tyler would face, but he still encouraged him to follow his dream. With the faltering economy, if a big fish like West was hurting, a little guy like Tyler 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, Dale 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 used that time to refocus their efforts in being competitive in new territories. Dale looked back on the dismal months of life before freight factoring and almost shuddered at the thought. If Dale hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

 

 

 

 

 

More How Much is Your Cash Flow "Tension" Costing Your Company-Articles

 

 

http://Nonrecoursefactoring.Org

 

 

 

Factoring For Trucking

 

Precisely why Trucking Companies Use Factoring Companies.

 

As the owner of your own firm, you may well be much more than conscious already of the challenge in making certain that cash flow issues do not become a difficulty down the line. After all, the most unfortunate thing that can potentially happen for your enterprise is to find yourself involved in a long and problematic situation that leaves you forever looking for the cash you require on an ongoing manner.

 

For any sort of firm in this condition, the trouble can come for waiting for work to lapse and actually be compensated into your statement. Invoices, checks, and the like could take some time to actually to be taken care of which could leave you with temporary cash flow problems. Gratefully, there are approaches out there for businesses to investigate-- and among these is factoring companies.

 

Factoring agencies will, in substitution for your accounts, supply you with the resources immediately so that you do not have to worry about the lingering period that could make paying the expenses and purchasing materialsmore complicated. With this type of system, invoice factoring can end up being tremendously practical for many enterprises who ought to avoid a cash ploy which they have gotten themselves in.

 

Considering that, relying on the size of the project, it can take up to 60 days for several firms to get compensated then it is crucial to cover up your own back and not leave yourself funds short to pay off the monthly bills. After all, how many business enterprises possess two months revenue just lying there to cover all their spendings till they earn?

 

This is most especially correct of truck companies. They often take care of numbers of statements which means a notable amount of collection time concerns business owner themselves. Striving to get paid out promptly can end up being an unbelievable trouble and this is precisely why you employ trucking factoring organizations who are happy to help out truckers particularly.

account receivables financing

As all of us understand, trucking is an extremely big industry with lots of organizations out there hiring hundreds of vehicle drivers. The sad thing is, plenty of these drivers wind up in money dilemmas since they are still waiting for work from six weeks back to actually pay them. When this is the situation for a truck organization, depending on factoring providers for solutions maybe the finest alternative left.

 

This indicates that a truck company can provide the salaries of the crew, keep all the cars loaded with gas and continue to go up, evolve and expand without constantly waiting for the cash which is taking too long to come in. Trucking Business enterprises functioning without a factoring program established are leaving themselves at significant hazard, as competitors cash out promptly and go on to develop.

 

There's genuinely very little to be stressed about when it comes to employing a Factoring firm-- they typically are not like a banking company or somebody who is going to leave you with a massive heap of personal debt to pay back. You give them authentic invoices from job you have already finished , you are only accelerating the repayment process.

 

In the United States, where trucking firms thrive, factoring establishments are not considered accepting loan of in any capacity. This confidential deal then enables both groups to profit and delight in a convenient future-- it provides the factoring business a warranted resource of income to include in the list and it provides the trucking business the needed funds that they worked hard to gain.

 

The trucking establishment provides their statements to the factoring business. The trucking factoring firm then acquire the payments from the trucking company's clients. Factoring has been all around for hundreds of years and has been used for many years by several varied business-- but none more so than truckers. While you may well miss out on a small part of the money, something like 1-3 % depending upon who you work with, it indicates that you are receiving the funds today and can actually begin setting the resources to perform.

 

Anyway, an IOU or an invoice is certainly not going to fund bills, is it? For trucking companies when the finances can be very good one day and gone the next, it is up to the vehicle drivers to work sensibly and to make sure they are leaving themselves with a significant measure of time and finance to get through the week until they are handed over once more.

 

So the next time your trucking enterprise is bearing some temporary cash flow challenges and you are investing a lot of time chasing inactive paying clients, why not begin considering using a factoring companies as a means to get your money and give yourself a more comfortable future in the eyes of your trucking staff and your bank difference?

 

 

 

 

 

 

 

More Factoring For Trucking -Articles

 

 

 

Seattle Factoring Companies

 

 

 

http://Nonrecoursefactoring.Org

 

 

 

Factoring For Trucking Companies

 

The Future of a Trucking Company, and Factoring The phone was ringing on his desk, and Jeffery Cruz just sat there letting it ring. His morning coffee cooled and his cigarette smoked away in the tray: Jeffery is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Cruz 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.

 

Jeffery�s father had started as an owner-operator and had grown Cruz 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 Jeffery'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 Jeffery�s hands and he wanted to live to see it in better shape for his sons.

 

There just never seemed to be enough money to go around, and certainly no spare cash, but to move his company successfully into the future he needed a steady and reliable cash flow. He had employees to pay. They had families and household bills too. Some of the refrigerated trailers were in need of repairs and he felt to stay competitive it was also a good idea to invest in specialized haulers to be ready for the constant requests he was getting for loads of new energy and agriculture equipment. Every time he had to turn down a request, Cruz Trucking looked weak in a very strong market.

 

His father would have told him to wait and to take his time adding on new technology. Jeffery allowed himself a good hard chuckle. He remembered when his father was totally against installing GPS units in the cabs. He would say, �Why do you need the voice of some woman to tell you to get off at an exit that has been the same exit that has been there for years?� He smiled to himself as he remembered his father poking fun at the other drivers who switched to automatic, even though automatic was quite obviously more efficient (though less manly). He knew his father's days were long gone and new technology was very important for the business, like having Qualcomm to reduce communication time for bills of lading.

 

Jeffery believed a successful man is always thinking of his next step. How would he take Cruz 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.

 

But was factoring the answer? If he was being honest, he did not really understand how it all worked. It sounded like a ninth grade math problem and he wondered how this would fit into the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. 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.

 

Jeffery had to really consider what his next step was going to be. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. Worse still, if the customer defaulted on payment, the factoring company takes it out of the money supposedly 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. Well, what was the point of going to a factoring company if there was shady business like that going on?

 

But it turned out to be quite easy. 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 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. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. He was more than happy with the figures he was offered in percentage terms on the freight bills. It was good money.

 

It was really refreshing dealing with the factoring people. They were 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. Factoring was based on the credit of his customers and on their reliability which worked well for Jeffery 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 be any problems when they were contacted by the factoring company regarding their invoices. His clients wouldn�t think poorly of Cruz 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.

 

Jeffery stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. He felt exhilarated by the new possibilities that would make the future of the company fun again and put the stress of the difficult times behind him. He suddenly realized that, with this new cash flow, he could actually expand Cruz Trucking Company and who knows, move into Canada, which had always been his dream. His heart felt full knowing his sons wouldn�t have to worry about money because of the right decisions he had made for their trucking business.

 

 

 

 

 

 

 

More Factoring For Trucking Companies -Articles

 

 

 

 

 

 

 

 

Seattle Factoring Companies

 

 

 

 

 

 

http://Nonrecoursefactoring.Org

 

Factoring Trucking Receivables

 

Date Published- 2014- 10-04 Freight Broker Factoring

 

"

Traditional Bank Loans

 

Bank loans are an extremely traditional way for a business to get financing. These loans can be a life-saver, but they're not always available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. Plus, the amount you apply for through the bank is the actual amount that you are going to receive. Once the loan is paid off, you can then apply for another loan if the need arises.

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies do not offer loans, and you do not go into debt when you get money from a Trucking Factoring company. 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 finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to sell. Once you have set up Trucking Factoring account it continues as long as you wish it too and the amount of money available to you even can grow as your business grows, giving you the ready cash you need to meet your own obligations.

 

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

 

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

 

4.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 you do not have to worry about monthly loan repayments, and you do not have to worry about the amount of interest payable, because all the money in the account is yours to spend.

http://jklfunding.com/

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

account receivables financing

"
http://Nonrecoursefactoring.Org

 

 

 

 

 

More Factoring For Trucking Companies -Articles

 

 

 

"

Traditional Bank Loans

 

Bank loans are an extremely traditional way for a business to get financing. These loans can be a life-saver, but they're not always available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. Plus, the amount you apply for through the bank is the actual amount that you are going to receive. Once the loan is paid off, you can then apply for another loan if the need arises.

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies do not offer loans, and you do not go into debt when you get money from a Trucking Factoring company. 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 finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to sell. Once you have set up Trucking Factoring account it continues as long as you wish it too and the amount of money available to you even can grow as your business grows, giving you the ready cash you need to meet your own obligations.

 

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

 

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

 

4.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 you do not have to worry about monthly loan repayments, and you do not 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. 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. The Trucking Factoring company takes over that chore, since it is now their money to collect. 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 company has evaluated the quality of your customers' credit before buying the accounts receivable, you learn valuable information regarding your customers, like which ones are likely to pay, and which ones are less likely to pay.While a Trucking Factoring company is not the only way for your business to obtain the money it needs to keep growing, it does offer a type of financing well worth considering.

 

"

http://ocf.com/

 

 

 

 

Company locations

 

 

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Jersey

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Chandler

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Madison

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