Contact Us Form

or Call Us At 800-986-1859

Email Us

 

 

city sitemap 1

city sitemap 2

city sitemap 3

city sitemap 4

city sitemap 5

city sitemap 6

city sitemap 7

city sitemap 8

city sitemap 9

city sitemap 10

city sitemap 11

city sitemap 12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I liked this product so much - that I -
Our Freight Invoice Factoring Companies
Can Give
Your Freight Company
The Cash You Want

Fort Lauderdale Factoring Companies

and Fort-Lauderdale-Factoring-Companies.freelandcustom.com.

trucking factoring company

freight bill factoring

best trucking factoring company

ctoritransportation factoring trucking

Http://Receivables-Factoring-Rates.staffingorganization.org

To Companies Who Want To Write - but Can't Get Started - Choose 

A Freight�Invoice Factoring Company  Instead Of A Regular Bank Financing

How to Enhance Money Flow Without Loaning -Cash Money flow is among the primary reasons businesses fail.

 

You might just have become aware of freight invoice factoring but your company might mistake what it is or even more significantly exactly what it might do for your firm. Trucking Factoring likewise known as accounts receivable funding is a kind of asset based financing that can enhance a company's short-term cash flow. It is not a loan; no debt is assumed by trucking receivables factoring ,and the financing is unconditional. Company Factoring Invoice Companies in Factoring Agent Fort Lauderdale Factoring Companies at Freelandcustom.com- presenting finance of factoring packages fort-lauderdale-factoring-companies

Freelandcustom.com-Fort Lauderdale Factoring Companies

Rhode Island

Company Factoring Invoice Companies

After all, an IOU or an invoice is absolutely not going to finance costs, is it? For trucking firms when the money can be good one day and gone the next, it's up to the vehicle drivers to work smartly and to make certain they are leaving themselves with a substantial amount of time and finance to get through the week until they are handed over again.

 

 

Veloxenergy

Freight Factoring Rates

So the next moment your trucking establishment is enduring some temporary capital concerns and you are shelling out a bit too much time chasing sluggish paying clienteles, why not start off thinking of making use of a factoring companies as a method to get your finances and give yourself a more pleasant future in the eyes of your trucking crew and your bank dividend?

 



Trucking Factoring Companies-Transportationfactoringcompanies.Org

 

 

 

Transportation Factoring Solutions

After all, an IOU or an invoice is absolutely not going to finance costs, is it? For trucking firms when the money can be good one day and gone the next, it's up to the vehicle drivers to work smartly and to make certain they are leaving themselves with a substantial amount of time and finance to get through the week until they are handed over again.

 

 



Trucking Factoring Companies-Transportationfactoringcompanies.Org

Staffing Factoring Companies

 

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

Cash flow does not have to be an issue any ever more. Do not be deceived -- banks are not the only locations you can get financing. Other options are offered and you do not have to borrow money. What is trucking factoring ? One solution is called trucking factoring. Trucking Factoring is the procedure of offering accounts receivable to a financier instead of waiting to gather the money from the client. Oh, the Irony- Truck factoring has a paradoxical difference: It is the monetary backbone of numerous of America's most effective companies. Why is this paradoxical ? Since receivable funding is not instructed in business colleges, is rarely discussed in company plans and is fairly unidentified to bulk of most of American business individuals.

Yet it is a financial procedure that releases up billions of dollars every year, allowing thousands of businesses to grow and prosper. Accounts Receivable Factoring has actually been around for thousands of years. Receivable Financing Businesses are financiers who pay money for the right to get the future payments on your invoices. An unpaid receivable or invoice has value. It is a debt your client has to pay in the near future. Factoring Principals--Although factoring offers exclusively with business-to-business transactions, a big portion of the retail business utilizes a factoring principal. MasterCard, Visa, and American Express all utilize a type of factoring in their retail transactions. Utilizing the purest meaning of the word, these large consumer finance business are truly just big Truck Factoring Businesses of consumer paper. Consider it: You make a purchase at Sears and charge it to your MasterCard. The store gets paid almost immediately, even though you do not pay until you are ready.

For this service, the credit card business charges Sears a fee (typical common normal charges vary from 2 to four percent of the sale). The Benefits Truck Factoring can offer numerous benefits to cash-hungry business. Instead of waiting 30, 60, 90 days or longer for payment on an item that has actually already been provided, a business can factor (sell) its receivables for cash at a little price cut off the amount of the invoice. Payroll, advertising efforts, and working capital are just a few of the business requirements that can be satisfied with instant  money.

Staffing Factoring provides the ways for a manufacturer to renew stock and make even more items to offer: There is no longer a need to await for earlier sales to be paid. FACTORING is not simply a cash management tool for producers: Practically any type company can benefit from Receivable Funding. Typically, a company that extends credit will have 10 to 20 percent of its yearly sales bound in invoices at any given time. Think for a minute about how much is bound in 60 days' worth of invoices: You can not pay the power bill or today s payroll with a customer s invoice, but you can sell that invoice for the cash to meet those responsibilities. Using trucking factoring companies is a fast and simple procedure. The factoring company purchases the invoice at a discount, usually a few percentage points less than the face value of the invoice.

Account-Receivable-Financing.Org

 

factoring company

 

"

Fort Lauderdale /?f??rt 'l??d?rde?l/ is a city in the U.S. state of Florida, on the Atlantic coast 23 miles (37 km) north of Miami. It is the county seat of Broward County. As of the 2010 census, the city had a population of 165,521.[4] It is a principal city of the South Florida metropolitan area, which was home to 5,564,635 people at the 2010 census.The city is a popular tourist destination, with an average year-round temperature of 75.5 �F (24.2 �C), and 3,000 hours of sunshine per year. Greater Fort Lauderdale which takes in all of Broward County hosted 12 million visitors in 2012, including 2.8 million international visitors. The city and county in 2012 collected $43.9 million from the 5% bed tax it charges, after hotels in the area recorded an occupancy rate for the year of 72.7 percent and an average daily rate of $114.48. The district has 561 hotels and motels comprising nearly 35,000 rooms. Forty six cruise ships sailed from Port Everglades in 2012. Greater Fort Lauderdale has over 4,000 restaurants, 63 golf courses, 12 shopping malls, 16 museums, 132 nightclubs, 278 parkland campsites, and 100 marinas housing 45,000 resident yachts.[5]Fort Lauderdale is named after a series of forts built by the United States during the Second Seminole War. The forts took their name from Major William Lauderdale (~1782-1838), younger brother of Lieutenant Colonel James Lauderdale. William Lauderdale was the commander of the detachment of soldiers who built the first fort.[6] However, development of the city did not begin until 50 years after the forts were abandoned at the end of the conflict. Three forts named ""Fort Lauderdale"" were constructed; the first was at the fork of the New River, the second at Tarpon Bend on the New River between the Colee Hammock and Rio Vista neighborhoods, and the third near the site of the Bahia Mar Marina.[6]Fort Lauderdale's economy is heavily reliant on tourism. From the 1940s through the 1980s, the city was known as a spring break destination for college students. However, the college crowd has since dwindled, with the city now attracting wealthier tourists.[46] Cruise ships and nautical recreation provide the basis for much of the revenue raised by tourism. There is a convention center located west of the beach and southeast of downtown, with 600,000 square feet (55,742 m2) of space, including a 200,000-square-foot (18,581 m2) main exhibit hall.[47] Approximately 30% of the city's 10 million annual visitors attend conventions at the center.[48]

 

"

 

 

Fort Lauderdale Factoring Companies

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

E-mail Us



OnLine


Trucking Factoring Request Kind

 

 

Invoice Factoring Companies Reviews at YKLfactoring.com

 

Rhode Island

 

The United states Trucking Organization
specifies that there are about
200,000 workers with truck
firms and
276,000 private service providers trucking
firms certified to
operate in America that transported,
according to their most current searchings for billions of
items, materials and
basic products .
There are numerous common
providers either going solo or in
groups on our country
roadways transporting these
crucial items to our
shops, factories and harbors.

Also  freight factoring
corporations benefit
numerous of them and offer their
accounts receivablesfinancing services
countrywide comprising
including the following states.


: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware,Florida,
Georgia, Hawaii, Idaho State,Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,
Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska,
Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina,
North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina,
South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia,
Wisconsin, and Wyoming

Fort Lauderdale Factoring Companies

 

Watch Our 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

 

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

List of Trucking Companies for Owner/Operators and Company Drivers

 

Click below to find Trucking Companies in the United States:

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

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

 

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

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

 

 

 

Watch Our Factoring Videos For More Information

 

 

http://truckingservice.org

 

 

factoring company

 

Truckingservice.Org/

 

 

 

What Your Banker Doesn't Want You to Know

 

"

�So It is not a loan?� asked Troy Miller, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�No, not exactly,� she stated.Troy was the owner of a small trucking company which had fallen on some hard times recently. Trucking could be a profitable business, and for a little under a decade, it had been for Mark. His company was called Rodney Trucking, named after both of his grandfathers, Richard and Javier. They had both been hardworking men, and had done a lot to make Troy the same.Disaster had struck half a year ago, when two trucks in Mark�s fifteen truck fleet went down. One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. Troy 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 Troy 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. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Troy was an excellent business man, and he certainly hadn't done anything wrong. Certain events had occurred that he could not possibly have predicted, and now he had to find a way to protect his business and prevent it from ultimate devastation.That�s where the woman across the desk came in. Her name was Christine and she worked for a factoring company. Troy 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.Troy nodded. It sounded perfect - perhaps too good?.Christine laughed. �You look like you don�t 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.�Christine smiled, agreeing. �Yes, we get a lot of that. There's no way we want to see you lose your business. We know how hard you work, and that you've invested everything in your business. Sometimes you need help. That�s what we�re here for.""Well, I'm very grateful that you came to see me today.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� Christine said with a smile. �Let's work out a solution to your problem.�And with that they set about making a profile.

 

Troy completed the form, with Christine offering advice as needed.

 

The profile filled Christine and her company in on Mark�s company, and would help them determine if he was suitable for factoring. In truth, not all companies were. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. As Troy completed his form, Christine listened to his story and she felt quite sure he would be the ideal candidate for Factoring.Christine took the completed form and placed it in her briefcase. Standing up, she reached over the desk and shook Mark's hand. He stood before they shook as well, and then smiled. Troy walked Christine to the door where they said 'Goodbye', then he went back into his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He shut his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. Talking to Christine though, learning about factoring, it felt like a 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 wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was still here; he knew this was the right path for him, and he felt proud that he had taken the appropriate steps to sort out his problems.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 really successful. Offering home cooking in his own hometown, his business had really prospered.But it wasn't what he really wanted to do. 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 Rodney Trucking. And that's exactly what he did. For the second time in his short life he created a company from the ground up. He had been successful.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was about to turn fifty. He was concerned that he just did not have the energy left to try and save the business. But 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 did not want to quit - both for himself and for his staff members.And now it seemed as though he would not have to - all because of Factoring. Troy opened his eyes, sat forward, turned his computer on. He had lots to do. He could be thankful later, for now, it was time to work.

 

"

 

 

 

 

More Best Trucking Factoring Company -Articles

Truckingservice.Org/

 

 

 

Best Trucking Factoring Company

 

"

Hamilton Truck and Haul has been in business since the mid 1980s. For more than twenty years they've been delivering goods for most major industries in the nation, with business booming as they traversed the country, in all kinds of weather, for all kinds of clients. During the heady times from 2002 to 2007, Hamilton 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. Times were great for everyone, and the cash was flowing.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 to a crawl

 

. Worse still, it was noticed by Hamilton 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, Tony Fernandez, CEO of Hamilton felt a chill go down his spine whenever he would look at the weekly A/R reports. The number of clients who were late in their payments was continuing to grow.He had gone to his administrators and asked them what the problem had been. Were they doing things different, or wrong, when it came to collecting overdue accounts? When checking his bookkeeper's records this was definitely not the case. Perhaps he was losing his customers to his competitor, who seemed to offer very low prices with no guarantee of quality or performance, and these clients who were in debt to his company had possibly disappeared leaving him stranded. 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. They had just gone home.The situation looked dire to Tony Fernandez. 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, Gladys, and still find no relief from the worry and frustration.

 

""I have a bad feeling, Lin,"" he'd sadly say to his wife.""What could you do differently?"" she would ask.Tony 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 on earth was happening to create the death of his business?""I think I know what it could be,"" said Tony. ""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 is a hard economy. It might be awhile until things get settled up.

 

""Tony knew very well that Gladys was only trying to help, but his responsibilities weighed heavily on his shoulders and he knew he had better do something soon to resolve this situation.The following day Tony walked into his office with a spring in his step, determined to call each and every client who owed money to Hamilton 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. But, he felt like he was doing something proactive to help his business, even though he had staff on salary to do just that thing. A waste of time - a waste of money - he had the best intentions, but all the while Tony was realising just how much trouble he was in.Poor Tony 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 Tony?"" she asked standing in the doorway.

 

""Sure thing Tracy, come on in."" Tony relaxed back into his chair and looked up at Tracyerley.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Tony."" 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 of factoring?"" she asked.""It does sound vaguely familiar. What is factoring""? he asked.""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.""Tony interrupted ""Immediately?"".""Immediately, yes"" she added, ""it is 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.""I see,� Tony said. �And then what?""Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. There�s a lot of flexibility depending on the business volume and credit histories. The company will advise us the cost to purchase factoring for our company's accounts receivable. The funding commences once we�ve arrived at an agreement.�Leaning forward, Tony studied the documents very closely.""It sounds too good to be true, Tracy,"" he said.""Yes, I know; that's exactly what I thought at the beginning. 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. And they're flexible Tony,"" she drew a circle around a paragraph on the document before him.""How flexible?"" he asked.""They personalize the factoring rates so that the amount they are willing to take on is commensurate with our needs and our client�s debt. Apparently they can figure this all out in two to four days.

 

""It does all sound pretty good, remembering that we are all tapped out now with loans from the bank last year to repair vehicles, and we all know just how tight money is. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" said Tony.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.""Tony took a moment to think about this solution, and agreed with his secretary. The clients who owed them money were long standing friends and professional resources of Hamilton. 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 could create a disaster situation for both of them if he wasn't careful in how these debtors were handled. He did not want to lose business but he also did not want to lose any more money.""Let me go over this tonight Tracy, and thankyou."" Tracy nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Tony keep the shirt on his back, and possibly hers too.Tony sat behind his desk and looked over the details Tracy had not mentioned in their meeting. What other issues could freight factoring help Hamilton 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. Tony was surprised: it said that his company could get up to fifty percent cash advances on load pickups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.""I must tell Francis the good news,"" muttered Tony to himself.Francis is Tony's son-in-law, and he really admired the ideas behind Hamilton, so much so that only two years before he had started his own transportation service business. Tony knew then what struggles Francis would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Hamilton was hurting, a little guy like Francis was about to catch his death. But, maybe the answer for both of them was in freight factoring, and Tony was going to find out very soon.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, Tony found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.They adopted reasonable factoring purchase contracts and stopped wasting their own precious time trying to collect debts. They used that time to refocus their efforts in being competitive in new territories. Tony recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. If Tony hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

 

 

 

 

 

More What Your Banker Doesn't Want You to Know-Articles

 

 

Truckingservice.Org/

 

 

 

Truck Driver Factoring

 

Reasons why Truck Companies Utilize Factoring Companies.

 

As the owner of your own establishment, you may perhaps be more than conscious already of the hardship in making sure that cash flow concerns do not become a problem down the line. Anyway, the most unfortunate thing that can quite possibly occur for your company is to find yourself dragged in a long and difficult circumstance that leaves you forever searching for the funds you need to have on an continuous basis.

 

For any firm in this circumstance, the problem can come for waiting for work to clear up and actually be paid out into your balance. Invoices, checks, and the like can take a while to actually to be taken care of which may leave you with short-term cash flow difficulties. Thank goodness, there are solutions out there for enterprises to investigate-- and just one of these is factoring providers.

 

Factoring companies will, in exchange for your statements, provide you with the money right now so you do not need to stress over the lingering time frame that could make paying out the bills and getting toolsmore troublesome. With this style of system, invoice factoring can end up being extraordinarily practical for numerous firms who need to avoid a money lure which they have discovered themselves in.

 

Given that, basing on the volume of the task, it can take up to 60 days for some establishments to get paid out then it is critical to cover up your own back and definitely not leave yourself money short to pay off the bills. After all, how many establishments have two months revenue just occupying there to cover all their expenditures until they get paid?

 

This is particularly true of truck agencies. They often take care of great deals of invoices which means a huge quantity of collection time demands company owner themselves. Attempting to get paid out in time can develop into an unbelievable inconvenience and this is the reason why you make use of trucking factoring organizations who are thrilled to help out truckers particularly.

 

As all of us recognize, trucking is an surprisingly enormous business with numerous firms out there hiring hundreds of vehicle drivers. Regrettably, several of these drivers end up in finances dilemmas given that they are still awaiting work from six weeks earlier to actually compensate them. When this is the situation for a truck firm, depending on factoring companies for support maybe the most recommended option left.

 

This means that a truck organization can pay out the wages of the personnel, keep all the cars refilled with fuel and continue to go up, develop and expand without constantly waiting for the funds which is taking too prolonged to come in. Trucking Establishments functioning without a factoring program implemented are leaving themselves at substantial threat, as competitions cash out quickly and carry on to broaden.

 

There's absolutely nothing at all to be worried about when it comes to using a Factoring agency-- they typically are not like a banking company or an individual who is going to leave you with a big stockpile of personal debt to repay. You give them genuine invoices from job you have already accomplished , you are merely speeding up the payment system.

 

In the Usa, where truck agencies survive, factoring firms are not considered accepting loan of in any capacity. This confidential contract then allows both parties to benefit and indulge in a comfortable future-- it provides the factoring provider a secured asset of cash flow to put into the list and it furnishes the trucking company the required cash that they sweated to earn.

 

The trucking establishment presents their accounts to the factoring company. The trucking factoring firm then receive the payment amounts from the trucking company's customers. Factoring has been all around for centuries and has been utilized for long times by several various industries-- 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 team up with, it indicates that you are obtaining the money today and can actually start off setting the funds to operate.

 

Once and for all, an IOU or an invoice is certainly not going to pay for spendings, is it? For trucking establishments when the finances can be great one day and gone the next, it is up to the drivers to work prudently and to ensure they are leaving themselves with a substantial amount of time and finance to get through the week up until they are paid once again.

 

So the next instance your trucking establishment is enduring some temporary cash flow dilemmas and you are shelling out a lot of time chasing slow paying clienteles, why not start off thinking of making use of a factoring businesses as a method to get your cash and give yourself a more comfortable future in the eyes of your trucking staff and your bank difference?

 

 

 

 

 

 

 

More Truck Driver Factoring -Articles

 

 

 

Fort Lauderdale Factoring Companies

 

 

 

Truckingservice.Org/

 

 

 

Trucking Invoice Factoring Companies

 

The Future of a Trucking Company, and Factoring The phone was ringing on his desk, and Steve Kelly just sat there letting it ring. 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. Kelly Trucking Company was at a turning point of growth and Steve had to decide if signing with a factoring company was the right way forward.

 

More than forty years ago Steve's father had started this business working as an owner-operator and eventually growing Kelly Trucking Company into a fifteen trailer fleet. There had been some hard times when it seemed everything was going to go under and even Steve�s mother strapped herself into a cab 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 Steve�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 all have families and the usual household bills. 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, Kelly 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. Steve allowed himself a good hard chuckle. His father had been against placing 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?� Also his father had the habit of teasing all the drivers he caught switching into automatic even though driving in automatic was much more efficient though not manly in his father�s eyes. 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.

 

Steve knew he was right in his forward thinking. How would he take Kelly Trucking to the next level? And how would he be able to afford it? Funding was all tied up in the mortgage for the office and garage and in the fuel bills. He just finished paying off the small bank loan for installing satellite radio in the trucks for the guys.

 

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. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. In return, the factoring company pays the trucking business straight away, providing immediate cash flow for the business to pay staff, purchase fuel, and do any repairs or maintenance. Without the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. During those thirty days the trucking company cannot pay its employees and bills with invoices.

 

Steve had to really consider what his next step was going to be. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! 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?

 

However, it all turned out to be very simple. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He was quite happy to sign 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 sounded like a great scheme to him.

 

It was really refreshing dealing with the factoring people. They were extremely helpful and more personable than the bank staff. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Steve because he and his father had created a very strong and loyal list of clientele over the years. So he knew they would understand when the factoring company contacted them for the invoices. His clients wouldn�t think poorly of Kelly 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.

 

Steve stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. With the capabilities of this new cash flow, Steve could actually expand Kelly Trucking Company further across the country and perhaps even go international into Canada. His heart felt full knowing his sons wouldn�t have to worry about money because of the right decisions he had made for their trucking business.

 

 

 

 

 

 

 

More Trucking Invoice Factoring Companies -Articles

 

 

 

 

 

 

 

 

Fort Lauderdale Factoring Companies

 

 

 

 

 

 

Truckingservice.Org/

 

Receivable Funding Companies

 

Date Published- 2014- 07-19 Trucking Invoice Factoring Companies

 

"

Traditional Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. These loans can be a life-saver, but they're not always available to every business. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it is usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Of course, once that loan has been re-paid, you can always re-apply for another loan.

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. The Trucking Factoring company purchases your accounts receivable, or part of them, for a certain percentage of their value - this is normally about 80-95%. The amount of finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to sell. Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. There is no debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating will not be affected. In the event that your business fails, you would not 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 personal credit rating.

 

2. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. This means that it is easier for new businesses to access the finance they need through a Trucking Factoring company, providing their accounts receivable are in good order. A bank may believe you haven't been in business long enough to be able to cover this risk.

 

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

 

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

 

As you can see, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The 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.

 

"
Truckingservice.Org/

 

 

 

factoring company

 

 

More Trucking Invoice Factoring Companies -Articles

 

 

 

"

Traditional Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. These loans can be a life-saver, but they're not always available to every business. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it is usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Of course, once that loan has been re-paid, you can always re-apply for another loan.

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. The Trucking Factoring company purchases your accounts receivable, or part of them, for a certain percentage of their value - this is normally about 80-95%. The amount of finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to sell. Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. There is no debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating will not be affected. In the event that your business fails, you would not 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 personal credit rating.

 

2. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. This means that it is easier for new businesses to access the finance they need through a Trucking Factoring company, providing their accounts receivable are in good order. A bank may believe you haven't been in business long enough to be able to cover this risk.

 

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

 

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

 

As you can see, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The 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.

 

"

 

Staffing Factoring Companies

 

Fort Lauderdale Factoring Companies

 

"
"

 

"

 

 

New York

 

""
""

 

 

 

 

"  

"

 

 

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

 

""
""

 

 

 

 

"    

"

 

 

Atlanta

 

""
""

 

 

 

 

"    

"

 

 

Miami

 

""
""

 

 

 

 

"    

"

 

 

Orlando

 

""
""

 

 

 

 

"    

"

 

 

Memphis

 

""
""

 

 

 

 

"    

"

 

 

Boston

 

""
""

 

 

 

 

"    

"

 

 

Seattle

 

""
""

 

 

 

 

"    

"

 

 

Denver

 

""
""

 

 

 

 

"    

"

 

 

Washington Dc

 

""
""

 

 

 

 

"    

"

 

 

Nashville Davidson

 

""
""

 

 

 

 

"    

"

 

 

Baltimore

 

""
""

 

 

 

 

"    

"

 

 

Louisville Jefferson

 

""
""

 

 

 

 

"    

"

 

 

Portland

 

""
""

 

 

 

 

"    

"

 

 

Oklahoma City

 

""
""

 

 

 

 

"

 

 

 

 

city sitemap 1

city sitemap 2

city sitemap 3

city sitemap 4

city sitemap 5

city sitemap 6

city sitemap 7

city sitemap 8

city sitemap 9

city sitemap 10

city sitemap 11

city sitemap 12