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How to Swim with The Banks without Being Eaten Alive -
Our Sell Account Receivables
Can Give
Your Truck Company
The Money Your Company Needs

Accounts Receivable loans Companies

and accountsreceivableloans.org/texas-factoring/dallas-factoring-companies.html.

trucking invoice factoring companies

freight bill factoring

trucking and factoring

freight broker factoring companies

Small freight brokerage businesses, particularly those who have actually not been in existence for extremely long, will commonly discover it tough to protect a loan. Banks are often hesitant to provide cash to companies that do not have a great deal of earnings and possessions. They also want evidence of the practicality of a business and therefore need that most operations, specifically small ones, be in business for a particular amount of time before they are eager to hand over any cash. Because of this, a medium-size business frequently has a couple of cash creating choices when needs develop. One alternative available, however frequently neglected, is invoice factoring. This is an exceptional method for a small company to acquire money.

How to Get Cash And Grow Your Company - Pick 

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

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

 

"

Austin ( pronunciation (help�info)) (/'?st?n/ or /'??st?n/) is the capital of the US state of Texas and the seat of Travis County. Located in Central Texas, Austin is the 11th-most populous city in the United States and the fourth-most populous city in Texas. It was the third-fastest-growing large city in the nation from 2000 to 2006.[3] Austin is also the second largest state capital in the United States, after Phoenix, Arizona.[4] Austin had a July 1, 2013 population of 885,400 (U.S. Census Bureau estimate). The city is the cultural and economic center of the Austin�Round Rock metropolitan area, which had an estimated population of 1,883,051 as of July 1, 2013.In the 1830s, pioneers began to settle the area in central Austin along the Colorado River. After Republic of Texas Vice President Mirabeau B. Lamar visited the area during a buffalo-hunting expedition between 1837 and 1838, he proposed that the republic's capital then located in Houston, be relocated to the area situated on the north bank of the Colorado River near the present-day Congress Avenue Bridge. In 1839, the site was officially chosen as the republic's new capital (the republic's seventh and final location) and was incorporated under the name Waterloo. Shortly thereafter, the name was changed to Austin in honor of Stephen F. Austin, the ""Father of Texas"" and the republic's first secretary of state.The city grew throughout the 19th century and became a center for government and education with the construction of the Texas State Capitol and the University of Texas at Austin.[5] After a lull in growth from the Great Depression, Austin resumed its development into a major city and, by the 1980s, it emerged as a center for technology and business.[6] A number of Fortune 500 companies have headquarters or regional offices in Austin including worldwide headquarters is located in nearby Round Rock, a suburb of Austin.Residents of Austin are known as ""Austinites"".[8] They include a diverse mix of government employees (e.g., university faculty and staff, law enforcement, political staffers); foreign and domestic college students; musicians; high-tech workers; blue-collar workers and businesspeople.[9] The city is home to development centers for many technology corporations; it adopted the ""Silicon Hills"" nickname in the 1990s. However, the current official slogan promotes Austin as ""The Live Music Capital of the World"", a reference to the many musicians and live music venues within the area, and the long-running PBS TV concert series Austin City Limits.[10][11] In recent years, some Austinites have also adopted the unofficial slogan ""Keep Austin Weird"".[12] This interpretation of the classic, ""Texas-style"" sense of independence refers to: a desire to protect small, unique, local businesses from being overrun by large corporations.[13] However, many residents have rejected this slogan, inspiring Austinite and award-winning actor and director Ken Webster to offer ""Keep Austin Cool"" as a compromise.[14] In the late 1800s, Austin also became known as the City of the ""Violet Crown"" for the wintertime violet glow of color across the hills just after sunset.[15] Even today, many Austin businesses use the term ""violet crown"" in their name. Austin is known as a ""clean air city"" for the city's stringent no-smoking ordinances that apply to all public places and buildings, including restaurants and bars.[16] The FBI ranked Austin as the second safest major city in the U.S. for the year 2012.[17]Austin is the anchor city of the Austin-Round Rock-San Marcos MSA, which had a Gross Domestic Product of $86 billion in 2010.[83] Austin is considered to be a major center for high tech.[84] Thousands of graduates each year from the engineering and computer science programs at the University of Texas at Austin provide a steady source of employees that help to fuel Austin's technology and defense industry sectors. The region's rapid growth has led Forbes to rank the Austin metropolitan area number one among all big cities for jobs for 2012 in their annual survey and WSJ Marketwatch to rank the area number one for growing businesses.[85][86] By 2013, Austin ranked No. 14 on Forbes' list of the Best Places for Business and Careers (directly below Dallas, No. 13 on the list).[87] As a result of the high concentration of high-tech companies in the region, Austin was strongly affected by the dot-com boom in the late 1990s and subsequent bust.[84] Austin's largest employers include the Austin Independent School District, the City of Austin, Dell, the U.S. Federal Government, Freescale Semiconductor (spun off from Motorola in 2004), IBM, St. David's Healthcare Partnership, Seton Family of Hospitals, the State of Texas, the Texas State University, and the University of Texas at Austin.[84] Other high-tech companies with operations in Austin include Devices. In 2010, ook accepted a grant to build a downtown office that could bring as many as 200 jobs to the city.[88] The proliferation of technology companies has led to the region's nickname, ""the Silicon Hills"", and spurred development that greatly expanded the city.

http://factoringcorp.com/

"

 

"Mineral resources compete with industry for primary economic importance in Texas. The state is the leading U.S. producer of oil, natural gas, and natural-gas liquids, despite recent production declines. It is also a major producer of helium, salt, sulfur, sodium sulfate, clays, gypsum, cement, and talc. Texas manufactures an enormous variety of products, including chemicals and chemical products, petroleum, food and food products, transportation equipment, machinery, and primary and fabricated metals. The development and manufacture of electronic equipment, such as computers, has in recent decades become one of the state's leading industries; the area around Dallas�Fort Worth has become known as ""Silicon Prairie,"" a name now also extended to Austin and its suburbs. Agriculturally, Texas is one of the most important states in the country. It easily leads the nation in producing cattle, cotton, and cottonseed. Texas also has more farms, farmland, sheep, and lambs than any other state. Principal crops are cotton lint, grains, sorghum, vegetables, citrus and other fruits, and rice; the greatest farm income is derived from cattle, cotton, dairy products, and greenhouse products. Hogs, wool, and mohair are also significant. Among other important Texas crops are melons, wheat, pecans, oats, and celery. Texas also has an important commercial fishing industry. Principal catches are shrimp, oysters, and menhaden"

 

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

Cash flow does not have to be an issue any ever more. Do not be deceived -- banks are not the only locations you can get funding. Other solutions are available and you do not have to borrow money. What is trucking factoring ? One solution is called sell account receivables. Trucking 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 distinction: It is the monetary foundation of many of America's most successful companies. Why is this paradoxical ? Because factoring is not taught in business colleges, is seldom mentioned in company plans and is relatively unknown to the majority of most of American company people.

Yet it is a financial procedure that releases up billions of dollars every year, enabling countless companies to grow and succeed. Trucking Factoring has actually been around for thousands of years. Receivable Loan Financing Companies are financiers who pay money 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 agreed pay in the near future. Factoring Principals--Although factoring offers exclusively with business-to-business deals, a large percentage of the retail business utilizes a factoring principal. MasterCard, Visa, and American Express all utilize a type of factoring in their retail deals. Utilizing the purest meaning of the word, these large consumer finance business are really just big Staffing Factoring Companies of customer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The shop gets paid almost instantly, even though you do not pay until you are prepared.

For this service, the credit card business charges Sears a charge (typical common normal charges range from 2 to 4 percent of the sale). The Benefits Accounts Receivable Factoring can offer many 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 company can factor (sell) its receivables for money at a little discount off the amount of the invoice. Payroll, marketing efforts, and working capital are just a few of the business needs that can be met with instant  money.

Sell Account Receivables offers the ways for a producer to renew inventory and make 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 manufacturers: Practically any kind business can benefit from Invoice Factoring. Generally, a business that extends credit will have 10 to 20 percent of its annual sales tied up in accounts receivable at any given time. Think for a minute about exactly how much is tied up in 60 days' worth of invoices: You can not pay the power bill or today s payroll with a customer s invoice, however you can sell that invoice for the money to meet those obligations. Using truck factoring companies is a quick and simple procedure. The factoring company buys the invoice at a discount, usually a few percentage points less than the stated value of the invoice.

Truckfactor.Org/

 

Accounts Receivable loans Companies

Please call our
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The American Trucking Organization
states that there around
205,000 employees with transportation
firms and
276,000 personal companies trucking
firms accredited to
operate in the United States that carried,
according to their newest searchings for billions of
items, supplies and
fundamental products .
There are a number of common
carriers either going solo or in
teams on our nation
highways carrying these
crucial items to our
stores, factories and harbors.

Moreover  trucking factoring
firms benefit
countless of them and offer their
receivables financing facilities
nationally 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

Accounts Receivable loans Companies

 

View Our Trucking Factoring Companies YouTube Videos For More Information

 

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

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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

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The largest trucking companies in the U.S. set a revenue record in 2013, but revenuegrowth slowed for the second year in a row.

The combined revenue of the 50 largest motor carriers rose to $106.6 billion last year, according to The Top 50 Trucking Companies list, based on data prepared by Consulting Group in Pittsburgh.

 

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

 

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

 

The largest trucking companies in the U.S. set a revenue record in 2013, but revenuegrowth slowed for the second year in a row.

The combined revenue of the 50 largest motor carriers rose to $106.6 billion last year, according to The Top 50 Trucking Companies list, based on data prepared by Consulting Group in Pittsburgh.

 

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

 

 

"

Since the mid 1980s Meyer Truck & Haul have been successfully running their freight business. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the heady times from 2002 to 2007, Meyer was a top rated accounts receivable mastermind of the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. The money was flowing, and times were great.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 Meyer 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, Franklin Montgomery, CEO of Meyer 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? When checking his bookkeeper's records this was definitely not the case. He thought perhaps that he was losing clients to a competitor who offered rock-bottom prices with little to no guarantee of quality performance, and that the folks who owed Meyer money had jumped ship and decided to leave him holding the bag.

 

. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Meyer hadn't gone elsewhere. They had just gone home.This current state-of-affairs was causing Franklin Montgomery to have some very restless nights. Franklin 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, Natalie, and still find no relief from the worry and frustration.

 

""Lin, I have a really bad feeling,"" he'd sadly say to his wife.""Well, what do you think it is?"" she would ask.Franklin would stare off into the distance, and then slowly close his eyes. In his mind he could clearly see the fleet of trucks purchased over the many years. He could see them on the road, delivering good to all his loyal customers. But somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. Why couldn�t he work out how to resolve this financial problem with his business?""I think I know what it could be,"" Franklin said. ""I've relied too long on the profits I receive from invoices alone. 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.

 

""Natalie was trying so hard to support her husband in these worrying times, while Franklin was weighed down with the worry of how he was going to handle this situation he found himself in.The following day Franklin walked into his office with a spring in his step, determined to call each and every client who owed money to Meyer Truck & Haul. This wasn't really a very efficient way for a Chief Executive to spend his day, and Franklin knew he should be overseeing all the other sides of the business, such as shipments and deliveries, approaching prospective customers, or working with his sales team. But, he felt like he was doing something proactive to help his business, even though he had staff on salary to do just that thing. A waste of time - a waste of money - he had the best intentions, but all the while Franklin was realising just how much trouble he was in.Poor Franklin 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.

http://factormoney.com/

""Can I have a word with you Franklin?"" she queried, standing in the doorway.

 

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

 

Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Franklin interrupted ""Immediately?"".""Yes, immediately,"" she continued, ""In a nutshell, it is pretty easy. 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.""Franklin replied cautiously ""I see - and what happens then?""Following the completion of their review and once we have been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.

 

The company will advise us the cost to purchase factoring for our company's accounts receivable. Once we arrive at a mutual agreement, the funding begins.�Leaning forward, Franklin studied the documents very closely.""I do not know, Willie - it just sounds too good to be true"", Franklin said quietly.""Yes, I know; that's exactly what I thought at the beginning. But think about it, Franklin: they've guaranteed that experts will do all the paperwork, and that will free us up to do what we should be doing - focusing on our customers in good standing, and that kind of stuff. And they're flexible Franklin,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked Franklin.""It seems that they personalize their factoring charges so that the amount they're prepared to work with is commensurate with our client's debt and our needs. 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. 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,"" Franklin said.He took a deep breath and looked at his secretary with something she recognized as hope.""Exactly�. I think this might just be a way out of the trouble we are in with these folks who owe us money.""Franklin took a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Meyer Truck & Haul were professional resources of the company, but they were also long-standing friends. Just because they were experiencing difficulties paying their own bills now, Franklin was very concerned about losing these relationships. Franklin knew that the economy had taken a hit and he knew that it would probably be a long time before things started to look up again. That unknown amount of time could create a disaster situation for both of them if he wasn't careful in how these debtors were handled. He didn't want to lose business but he also didn't want to lose any more money.""Let me go over this tonight Willie, and thankyou."" Willie stood up and left Franklin's office, with the nice feeling of knowing that she may just have solved a very serious problem.Franklin sat behind his desk and looked over the details Willie had not mentioned in their meeting. What other issues could freight factoring help Meyer 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, Meyer could receive up to fifty-percent cash advances upon load pick-ups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.""I must tell Claude the good news,"" Franklin muttered to himself.Claude is Franklin's son-in-law, and he really admired the ideas behind Meyer, so much so that only two years before he had started his own transportation service business. Franklin knew then what struggles Claude would face but he encouraged him nonetheless. With the economy the way it was, if an established company such as Meyer was struggling then the little guys, like Claude, were going to be in even more trouble. But, an antidote may have been found in freight factoring and Franklin was soon 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, Franklin found himself beginning to dig his way out of the hole his delinquent account holders had created for him.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. Franklin recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. He probably wouldn't be in business today had he not learned just in time about freight factoring.

 

"

 

 

More Trucking Factoring Companies Story Articles

Dallas Factoring Companies

 

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

 

More than forty years ago Bruce's father had started this business working as an owner-operator and eventually growing Torres Trucking Company into a fifteen trailer fleet. Yes, they had survived some very difficult times when it appeared like they might go under, and even Bruce's mother had jumped into the cab at times to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. But now things were different: the company was in Bruce's hands and he needed to ensure that this business would be left in great shape for his sons.

 

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

 

His father would have told him to wait and to take his time adding on new technology. Bruce 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?� 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.

 

Bruce believed a successful man is always thinking of his next step. How would he take Torres Trucking to the next level? More importantly, how could he afford it? Business funding was tied up in fuel bills and the mortgage for the garage and office. He just finished paying off the small bank loan for installing satellite radio in the trucks for the guys.

 

He wondered about factoring - was this the answer for him? There was a lot he didn�t understand about the process. It sounded like a ninth grade math problem and he wondered how this would fit into the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. The factoring company gives the trucking business its payment right away which allows the business to have continuous cash flow so it can pay employees, buy fuel, and make repairs for upcoming hauls. Without the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. During those thirty days the trucking company cannot pay its employees and bills with invoices.

 

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

 

However, it all turned out to be very simple. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He didn�t mind signing an exclusive contract. In fact, he was quite pleased with the idea of a long-term contract because he knew this was a one-off and he would not have to keep going back and forth to different companies. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. Many companies offered a non-recourse factoring program that suited him just fine. He was more than happy with the figures he was offered in percentage terms on the freight bills. It was good money.

 

It was really refreshing dealing with the factoring people. They were extremely helpful and more personable than the bank staff. 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 Bruce because he and his father had built up good strong relationships over decades with their list of clients. So he knew they would understand when the factoring company contacted them for the invoices. His clients wouldn�t think poorly of Torres 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.

 

Bruce 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. With the capabilities of this new cash flow, Bruce could actually expand Torres Trucking Company further across the country and perhaps even go international into Canada. He was a happy man again knowing that he had just made a decision which would guarantee the success of his business and his sons would not be inheriting a financial mess.

 

 

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Trucking Factoring  Articles

Dallas Factoring Companies

 

"

�So It is not a loan?� asked Edwin Kelley, reclining back into his chair and crossing his legs. The woman sitting across the desk from Edwin smiled at him, shaking her head.�Not quite,� she stated.Edwin was the owner of a small trucking company which had fallen on some hard times recently. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Travis. He named his business Owens Trucking, named after Seth and Charles, his two grandfathers. They had both been hardworking men, and had done a lot to make Edwin the same.Six months ago disaster struck Travis's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. The financial security of Travis's company relied on his full fleet on fifteen being on the road, and missing two trucks was just devastating . In addition, he just did not have the available cash to buy a new truck, plus repair the other one.Paying of bills in the trucking industry is always a major cause for concern for businesses.

 

You could go a month or more before bills were completely paid off. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Edwin 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. Edwin knew she was employed by a Factoring company and that her name was Edna. Edwin had come across her company as he sat in his office late one night, pouring over the internet for some solution to his problem long after his employees had gone home.She sat there now, and explained. �It�s not a loan, we purchase your accounts receivable. we are not giving you finance to be repaid later: we are purchasing something from you, and when you can you can buy it back. This is a win-win situation: we are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Edwin agreed. It sounded perfect - perhaps too good?.Edna laughed. �You look like you don�t believe me,� she chuckled.�No, I do, I just think it sounds a bit too good to be true. I thought I was going to lose my company.�Edna smiled, agreeing. �Yes, we get a lot of that. Listen, I�d hate to see you lose your company. 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 Edna with a smile. �Let�s see what we can do to help you.�And with that they set about making a profile.

 

Edwin completed the form, with Edna offering advice as needed.

 

The profile filled Edna and her company in on Travis�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 Edwin completed his form, Edna listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Edna took it and slid it into her briefcase. She then stood, reached across the desk and shook Travis�s hand. He stood before they shook as well, and then smiled. Edwin walked Edna 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 Edna 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 there, he was on the right path, and he was working to make things right.Edwin couldn�t help but think back to when he had first started the business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been really successful. Offering home cooking in his own hometown, his business had really prospered.But he had gotten bored. He wasn't passionate about the food industry. He thought long and hard, and then he decided to sell the restaurant. He took half a year off, and in that time he thought to start Owens 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 about to turn fifty. He was concerned that he just did not have the energy left to try and save the business. But he couldn�t give up. 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, because of factoring, he was sure he wouldn�t have to. Travis's eyes opened, he sat forward in his chair and turned on his computer. He had things to do. He could be thankful later, for now, it was time to work.

 

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More Trucking Factoring Company Story Articles

Dallas Factoring Companies

 

The key reasons why Truck Establishments Work with Factoring Firms.

 

As the manager of your own firm, you may well be much more than mindful already of the challenge in making certain that capital issues do not become a difficulty down the line. After all, the most terrible thing that can quite possibly transpire for your business is to find yourself involved in a long and hard situation that leaves you forever looking for the finances you really need on an recurring manner.

 

For any type of business in this scenario, the concern can come for waiting for work to clear up and actually be settled into your balance. Bill of sales, checks, and the like can take a while to actually to be taken care of which can certainly leave you with short-term available resources difficulties. Thankfully, there are opportunities out there for establishments to delve into-- and one of these is factoring companies.

 

Factoring agencies will, in substitution for your statements, grant you with the money right now so that you do not need to fret about the lingering time frame which could make paying the expenses and obtaining toolsmore complicated. With this kind of arrangement, invoice factoring can come to be extremely beneficial for lots of enterprises who need to get out of a money pitfall which they have gotten themselves in.

 

Due to the fact that, depending upon the volume of the job, it can take up to 60 days for some companies to get paid then it is essential to cover up your own back and definitely not leave yourself money short to pay the costs. After all, how many enterprises have two months profits just lying there to address all their expenditures till they earn?

 

This is especially correct of truck enterprises. They generally deal with good deals of accounts which means a notable amount of collection period concerns company owner themselves. Seeking to get compensated promptly can eventually become an amazing struggle and this is exactly why you employ truck factoring providers who are delighted to help out truckers mainly.

 

As we all determine, trucking is an astonishingly large industry with many firms out there utilizing hundreds of operators. Sadly, several of these drivers land up in cash dilemmas since they are still waiting on work from six weeks in the past to actually compensate them. When this is the condition for a trucking firm, depending on factoring firms for help could be the most suitable choice left.

 

This signifies that a trucking organization can pay off the paychecks of the people, keep all the trucks filled with fuel and continue to surmount, thrive and expand without consistently waiting for the money which is taking too long to come in. Trucking Establishments running without a factoring program put in place are leaving themselves at substantial danger, as contenders cash out rapidly and proceed to develop.

 

There's honestly nothing at all to be stressed about when it comes to using a Factoring establishment-- they commonly are not like a bank or any individual who is going to leave you with a significant pile of financial debt to pay back. You give them authentic invoices from work you have already accomplished , you are only speeding the payment system.

 

In the United states of America, where truck establishments grow, factoring firms are not considered getting a loan in any capacity. This private agreement then lets both groups to profit and take pleasure in a convenient future-- it gives the factoring agency a warranted asset of revenue to put into the list and it supplies the trucking company the required money that they worked hard to gain.

 

The trucking enterprise bestows their statements to the factoring enterprise. The trucking factoring firm then receive the installment payments from the trucking company's clients. Factoring has beenaround for centuries and has been adopted for many years by plenty of varied 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 on who you collaborate with, it implies that you are acquiring the money today and can actually begin setting the resources to perform.

 

Once and for all, an IOU or an invoice is absolutely not going to pay for costs, is it? For trucking companies when the funds can be very good one day and gone the next, it is up to the drivers to work prudently and to ascertain they are leaving themselves with a substantial volume of time and finance to get through the week until they are handed over again.

 

So the next instance your trucking business is having some short-term cash flow issues and you are putting in way too much time chasing slow paying clienteles, why not begin looking at employing a factoring businesses as a means to get your finances and give yourself a more worry-free future in the eyes of your trucking crew and your bank balance?

 

 

 

 

 

 

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Traditional Bank Loans

 

Bank loans are an extremely traditional way for a business to get financing. While these loans are handy they are not available to every business. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it is usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose your entire business. Plus, the amount you apply for through the bank is the actual amount that you are going to receive. Of course, once that loan has been re-paid, you can always re-apply for another loan.

 

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. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 80%-95%. The amount of finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to sell. Once 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. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. This has many benefits including the fact, that this type of financing will not affect either your business credit rating or your personal credit rating. Should the unforeseeable happen and your business fails, you will not have to worry about anyone coming after your personal as well as your business assets to pay off a loan. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.

 

2. There's no collateral required. Another 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. You'll receive the money faster. With a Trucking Factoring company you can actually get the money you need faster. Once the Trucking Factoring company assures itself that the customers in your accounts receivable are likely to pay their debt, the money is usually in the account within 24 hours. 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. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.While a Trucking Factoring company is not the only way for your business to obtain the money it needs to keep growing, it does offer a type of financing well worth considering.

 

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