Contact Us Form

or Call Us At 888-239-9162

Email Us

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

How You can Get a Quick Loan of $50,000 -
Our Accounts Receivable Buyers
Can Give
Your Truck Company
The Money You Need

Houston Factoring Companies

and accountfactoring.org/texas-factoring/houston-factoring-companies.html.

freight bill factoring companies

factoring for trucking companies

trucking factoring companies reviews

trucking invoice factoring companies

http://designbyinc.com/master-sitemap.html

I liked this product so much - that I  - Pick 

An Accounts Receivable Factoring Company Instead Of A Regular Bank Financing

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

 

Your Company may well have heard of truck factoring but your company might not know exactly what it is or much more significantly exactly what it can do for your firm. Truck Factoring likewise referred to as receivables funding is a type of asset based lending that will increase a business' immediate cash flow needs. It is not a loan; no debt obligation is taken on by Staffing Factoring ,and the funds are unrestricted. Accounts Receivable Financing Companies in Factoring Accounts Recievable Houston Factoring Companies at Accountfactoring.org- providing construction factoring services houston-factoring-companies

Accountfactoring.org-Houston Factoring Companies

Houston

Texas

Accounts Receivable Financing Companies

The key reasons why Trucking Corporations Make use of Factoring Firms.

 

As the owner of your own firm, you may well be more than wary already of the challenge in making certain that cash flow matters do not become a problem down the line. Anyway, the most horrible thing that can possibly take place for your firm is to find yourself dragged in a long and tough predicament that leaves you forever looking for the money you require on an continuous manner.

 

 

Factoring Companies Reviews at Factorreceivable.Com

Freight Factoring For Brokers

In the Usa, where trucking establishments thrive, factoring companies are not considered borrowing in any capacity. This private settlement then enables both parties to benefit and take joy in a comfortable future-- it provides the factoring firm a guaranteed resource of revenue to include in the list and it supplies the trucking firm the required funds that they sweated to gain.

 

 



Factoring Companies Reviews at Commercialbusinessloan.Org

 

 

 

Accounts Receivables Finance Companies

The key reasons why Trucking Corporations Make use of Factoring Firms.

 

As the owner of your own firm, you may well be more than wary already of the challenge in making certain that cash flow matters do not become a problem down the line. Anyway, the most horrible thing that can possibly take place for your firm is to find yourself dragged in a long and tough predicament that leaves you forever looking for the money you require on an continuous manner.

 

 



Factoring Companies Reviews at Commercialbusinessloan.Org

 

 

    1. Map of texas
       
  1. Texas
    US State
  2. Texas is a large state in the southern U.S. with deserts, pine forests and the Rio Grande, a river that forms its border with Mexico. In its biggest city, Houston, the Museum of Fine Arts houses works by well-known Impressionist and Renaissance painters, while Space Center Houston offers interactive displays engineered by NASA. Austin, the capital, is known for its eclectic music scene.

 


    1. Map of Houston is a sprawling metropolis in Texas, extending to Galveston Bay. It�s closely linked with the Space Center Houston, the coastal visitor center at NASA�s astronaut training and flight control complex. The city�s relatively compact Downtown includes the Theater District, home to the renowned Houston Grand Opera, and the Historic District, which pairs 19th-century architecture with trendy restaurants.Austin, on the eastern edge of Texas Hill Country, is not only the state capital, but lays claim to being the "live music capital of the world." It�s also a center for film and home to the University of Texas and Formula 1's Circuit of the Americas raceway. Its abundant parks and lakes are popular for hiking, biking, swimming, boating and other outdoor pursuits. texas
       
  1.  

 

    1.  
  1. Houston
    City in Texas
  2. Houston is a sprawling metropolis in Texas, extending to Galveston Bay. It�s closely linked with the Space Center Houston, the coastal visitor center at NASA�s astronaut training and flight control complex. The city�s relatively compact Downtown includes the Theater District, home to the renowned Houston Grand Opera, and the Historic District, which pairs 19th-century architecture with trendy restaurants.Austin, on the eastern edge of Texas Hill Country, is not only the state capital, but lays claim to being the "live music capital of the world." It�s also a center for film and home to the University of Texas and Formula 1's Circuit of the Americas raceway. Its abundant parks and lakes are popular for hiking, biking, swimming, boating and other outdoor pursuits.
  3.  
  4.  

 

Houston (i/'hju?st?n/ HYOO-st?n) is the most populous city in Texas, and the fourth most populous city in the United States. With a census-estimated 2013 population of 2.19 million people within a land area of 599.6 square miles (1,553 km2),[5] Houston is the largest city in the Southern United States,[6] the seat of Harris County, and fifth-most populated metropolitan area in the United States.Houston was founded in 1836 on land near the banks of Buffalo Bayou (now known as Allen's Landing)[7][8] and incorporated as a city on June 5, 1837. The city was named after former General Sam Houston, who was president of the Republic of Texas and had commanded and won at the Battle of San Jacinto 25 miles (40 km) east of where the city was established. The burgeoning port and railroad industry, combined with oil discovery in 1901, has induced continual surges in the city's population. In the mid-twentieth century, Houston became the home of the Texas Medical Center�the world's largest concentration of healthcare and research institutions�and NASA's Johnson Space Center, where the Mission Control Center is located.[9]Houston's economy has a broad industrial base in energy, manufacturing, aeronautics, and transportation. It is also leading in health care sectors and building oilfield equipment; only New York City is home to more Fortune 500 headquarters.[10][11] The Port of Houston ranks first in the United States in international waterborne tonnage handled and second in total cargo tonnage handled.[12] The city has a population from various ethnic and religious backgrounds and a large and growing international community. Houston is considered to be the most diverse city in Texas and the United States.[13] It is home to many cultural institutions and exhibits, which attract more than 7 million visitors a year to the Museum District. Houston has an active visual and performing arts scene in the Theater District and offers year-round resident companies in all major performing arts.[14]Houston is recognized worldwide for its energy industry�particularly for oil and natural gas�as well as for biomedical research and aeronautics. Renewable energy sources�wind and solar�are also growing economic bases in Houston.[90][91] The ship channel is also a large part of Houston's economic base. Because of these strengths, Houston is designated as a global city by the Globalization and World Cities Study Group and Network and by global management consulting firm A.T. Kearney.[11] The Houston area is the top U.S. market for exports, surpassing New York City in 2013, according to data released by the U.S. Department of Commerce's International Trade Administration. In 2012, the Houston�The Woodlands�Sugar Land area recorded $110.3 billion in merchandise exports.[92] Petroleum products, chemicals, and oil and gas extraction equipment accounted for approximately two-thirds of the metropolitan area's exports last year. The top three destinations for exports were Mexico, Canada, and Brazil.[93]

 

 

"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 business, even successful ones, have experienced bad money flow.

Cash flow does not have to be an issue any more. Do not be fooled -- banks are not the only places you can get funding. Other solutions are available and you do not have to borrow. What is trucking factoring ? One solution is called accounts receivable buyers. Truck Factoring is the procedure of selling accounts receivable to a financier rather than waiting to collect the cash from the customer. Oh, the Irony- Trucking factoring has an ironic difference: It is the financial backbone of numerous of America's most successful businesses. Why is this ironic ? Because receivable loan funding is not taught in business colleges, is rarely discussed in business strategies and is relatively unidentified to bulk of most of American company people.

Yet it is a financial procedure that releases up billions of dollars every year, allowing thousands of companies to grow and succeed. Accounts Receivable Factoring has actually been around for countless years. Accounts Receivable Factoring Companies are investors who pay cash for the right to receive 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 transactions, a big percentage of the retail business uses a factoring principal. MasterCard, Visa, and American Express all utilize a form of factoring in their retail transactions. Utilizing the purest meaning of the word, these big consumer finance companies are truly simply big Truck Factoring Businesses of customer 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 make payment until you are ready.
http://ocf.com/


For this service, the charge card business charges Sears a charge (typical common normal fees range from two to 4 percent of the sale). The Advantages Commercial Factoring can provide numerous benefits to cash-hungry companies. Instead of waiting 30, 60, 90 days or longer for payment on an item that has already been provided, a company can factor (sell) its receivables for cash at a small price cut off the dollar value of the invoice. Payroll, marketing efforts, and working capital are just a few of the company requirements that can be satisfied with instant  money.

Accounts Receivable Buyers offers the ways for a producer to replenish inventory and make more items to sell: There is no longer a requirement to await for earlier sales to be paid. FACTORING is not simply a cash management tool for manufacturers: Almost any type company can take advantage of Truck Factoring. Typically, a business that extends credit will have 10 to 20 percent of its annual sales tied up in invoices at any given time. Think for a moment about exactly how much is bound in 60 days' worth of invoices: You can not pay the power bill or today s payroll with a client s invoice, but you can sell that invoice for the money to satisfy those responsibilities. Using trucking factoring companies is a fast and easy procedure. The factor purchases the invoice at a price cut, typically a few percentage points less than the face value of the invoice.

www.Medicalaccountsreceivable.Org

 

Houston Factoring Companies

Please call our
truck factoring specialists at
1 - 888-239-9162
or

E-mail Us

 



OnLine Trucking Factoring Request Kind

 

 

 

http://YKLfactoring.com

 

 

The United states Transportation Organization
mentions that there around
200,000 employees with freight trucking
firms and
250,000 private companies trucking
companies licensed to
run in the United States that transported,
according to their newest searchings for billions of
products, materials and
standard materials .
There are several typical
providers either going solo or in
teams on our nation
highways transferring these
vital products to our
shops, manufacturingplants and shipping ports.

And  truck factoring
businesses service
numerous of them and offer their
receivables financing facilities
nationwide comprising
including the following states.

http://factoringcorp.com/

: 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

Houston Factoring Companies

 

Watch Our Freight Factoring YouTube Videos For More Information

 

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

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.

 

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

 

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.

 

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.

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.

http://fredcoutts.com/

 

 

View Our Trucking Factoring Videos For More Information

 

 

http://financeaccounts.org

 

 

www.Financeaccounts.Org/

 

 

 

Factoring Trucking Receivables

 

"

�So It is not a loan?� Zachary Ortiz asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Zachary smiled at him, shaking her head.�No, not exactly,� she stated.Zachary Ortiz owned a small trucking company, and his business had recently fallen on difficult times. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Lawrence. His company was called Medina Trucking, named after both of his grandfathers, Lester and Chester. Both of these men had been very hardworking and had set a great example for Lawrence.Disaster had struck half a year ago, when two trucks in Lawrence�s fifteen truck fleet went down. One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. Zachary depended on his full fleet, and missing two trucks was devastating . In addition, he just did not have the available cash to buy a new truck, plus repair the other one.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. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Zachary 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.And that's why he found himself across the desk from this woman. Her name was Valerie and she worked for a factoring company. Zachary 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 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.Zachary nodded. It sounded perfect - perhaps too good?.The woman 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.�Valerie smiled, agreeing. �Yes, we get a lot of that. There's no way we want to see you lose your business. You work hard, you�ve put everything you can into it. Sometimes you need help. That�s what we�re here for.""Well, I'm very grateful that you came to see me today.""No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� Valerie said with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Zachary filled the form out, with Valerie available to help him if he needed it. The profile filled Valerie and her company in on Lawrence�s company, and would help them determine if he was suitable for factoring. Unfortunately, not all companies are. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. Listening as Zachary filled out his form, Valerie was pretty sure he was a perfect candidate for factoring.Valerie took the completed form and placed it in her briefcase. Standing up, she reached over the desk and shook Lawrence's hand. He stood before they shook as well, and then smiled. Zachary walked Valerie to the door where they said 'Goodbye', then he went back into his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He leaned back and closed his eyes. He felt so drained: he had been flailing helplessly for so long, he just knew his business was going to collapse and probably take him with it. But now, after speaking to Valerie and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The sudden panic attacks, not matter where he was. He could feel it all fading away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was 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. He had opened a restaurant at age twenty two when he was fresh out of school. It had been successful. Home cooking in his hometown, and he had done very well.But he had gotten bored. He wasn't passionate about the food industry. He thought long and hard, and then he decided to sell the restaurant. He took six months off, and during that time he decided to create Medina 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.And then the trucks went down, and his success looked to be in flux. He was about to turn fifty. He didn�t think he had it in him, to save this company. 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. Zachary opened his eyes, sat forward, turned his computer on. He had things to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.

 

"

 

 

 

 

More Factoring For Trucking Companies -Articles

www.Financeaccounts.Org/

 

 

 

Trucking Factoring Company

 

"

Watson Truck & Haul have been operating their business since the mid 1980s. For more than twenty years they've been delivering goods for most major industries in the nation, with business booming as they traversed the country, in all kinds of weather, for all kinds of clients. During the heady times from 2002 to 2007, Watson was a top rated accounts receivable mastermind of the trucking industry. Very few customers were behind on their bills, and those customers who were late turned in their overdue payments within an acceptable time frame. Cash was flowing and times were good for all.It was just one year later, in 2008, when the economy in the United States took a sharp decline, and both large and small businesses started to notice the squeeze on their pocketbooks: everyone had suddenly gone silent. Business slowed down. And worse yet, Watson had noticed during the early part of 2008 that though the bulk of their clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. Spring changed to summer, summer changed to fall, and the CEO of Watson, Wayne Miller, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The number of clients who were late in their payments was continuing to grow.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. 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. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Watson hadn't gone elsewhere. They had just gone home.The situation looked dire to Wayne Miller. Wayne 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, Theresa, and still find no relief from the worry and frustration.

 

""Lin, I have a really bad feeling,"" he would say with deep woe.""What could you do differently?"" she would say.Wayne 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 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. What on earth was happening to create the death of his business?""I think I know what it could be,"" said Wayne. ""For way too long I've been relying solely on profits received from invoices. I've let too many of our customers go too long without paying on their bills."" Theresa would look at her husband lovingly, and holding his hand would say 'it is such a harsh economy these days and our clients must be having difficulty meeting their responsibilities'.""Theresa was trying so hard to support her husband in these worrying times, while Wayne was weighed down with the worry of how he was going to handle this situation he found himself in.The next day Wayne strolled into his office and was determined to sit down and make every phone call to every client who had owed Watson money. This wasn't really a very efficient way for a Chief Executive to spend his day, and Wayne 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 Wayne was realising just how much trouble he was in.Poor Wayne 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.

 

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

 

""Of course Leslie, please come in."" Wayne leaned back in his chair and looked expectantly at Leslieerely.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Wayne."" 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 does sound vaguely familiar. What is factoring""? he asked.""Well,"" she began, ""It�s actually quite simple really.

 

Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Immediately?"" Wayne interrupted.""Yes, immediately,"" she continued, ""it is actually very simple. We start by having a professional account manager review our figures and help us set up a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. 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,� Wayne 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.�Wayne was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""I do not know, Leslie - it just sounds too good to be true"", Wayne said quietly.""Yes, I know; that's exactly what I thought at the beginning. But think about it, Wayne: they've guaranteed that experts will do all the paperwork, and that will free us up to do what we should be doing - focusing on our customers in good standing, and that kind of stuff. They appear to be very flexible, Wayne,"" she underlined a paragraph on the paper before him.""Just how flexible?"" asked Wayne.""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. it is imperative that we keep the business rolling as usual, and every day we go unpaid we are getting closer and closer to dealing with some serious issues in both the short term and the long term,"" said Wayne.Wayne took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Exactly�. I think this might just be a way out of the trouble we are in with these folks who owe us money.""Wayne thought about this and agreed with Leslieerley. The clients who owed them money were long standing friends and professional resources of Watson. Wayne wasn't prepared to lose these relationships just because they were having financial issues at the moment. Wayne knew only too well that the whole economy was floundering, and that it was not going to change overnight. If he did not handle these debtors in the right way, that unknown amount of time could spell disaster for all of them. Of course he did not want to lose any more money, but he did not want to lose business either.""Let me go over this tonight Leslie, and thankyou."" Leslie stood up and left Wayne's office, with the nice feeling of knowing that she may just have solved a very serious problem.Wayne stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. He wondered if there might be other problems freight factoring could help Watson Truck & Haul 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, Watson could receive up to fifty-percent cash advances upon load pick-ups. Wayne was a typical business man: he despised binding contracts that did not allow room to breathe, so he was pleasantly surprised to see that the factoring company did not require a long term contract, that there was no minimum volume required, and that there were no sign-up fees.""Well, I'll have to tell Richard about this,"" Wayne muttered to himself.Richard is Wayne's son-in-law, and he really admired the ideas behind Watson, so much so that only two years before he had started his own transportation service business. At that time Wayne knew the struggles Richard would face, but he still encouraged him to follow his dream. With the economy the way it was, if an established company such as Watson was struggling then the little guys, like Richard, were going to be in even more trouble. Perhaps the antidote to these problems was in freight factoring, and they were about to find out.A few months later after going through the entire application process and having the experts review his accounts receivable, credit history and statements, Wayne 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. Wayne 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 Factoring Trucking Receivables -Articles

 

 

www.Financeaccounts.Org/

 

 

 

Factoring For Trucking Companies

 

Why Truck Establishments Utilize Factoring Companies.

 

As the manager of your own business, you may perhaps be more than mindful already of the challenge in making sure that cash flow issues do not become a difficulty down the line. After all, the most terrible thing that can quite possibly occur for your establishment is to find yourself embroiled in a long and challenging condition that leaves you forever looking for the funds you need on an ongoing manner.

 

For any kind of establishment in this scenario, the dilemma can come for waiting for work to clear up and actually be paid out into your account. Statements, checks, and the like could take a long time to actually to be taken care of which can leave you with temporary available resources problems. The good news is, there are alternatives out there for industries to explore-- and just one of these is factoring providers.

 

Factoring agencies will, in trade for your bill of sales, give you with the money now so you do not need to stress over the delaying phase that could make paying the expenses and purchasing toolsmore difficult. With this type of system, invoice factoring can come to be extremely valuable for numerous establishments who need to get out of a cash ploy which they have discovered themselves in.

 

Given that, depending on the volume of the job, it can take up to 60 days for a number of firms to get compensated then it is necessary to take care of your own back and certainly not leave yourself money short to pay off the monthly bills. After all, how many enterprises have two months profits just occupying there to pay for all their spendings until they earn?

 

This is particularly true of truck companies. They have the tendency to manage bunches of invoices which means a serious quantity of collection period entails company owner themselves. Making an effort to get paid off promptly can eventually become an extraordinary struggle and this is the reason why you utilize truck factoring companies who are thrilled to help out truckers mainly.

 

As we all know, trucking is an astonishingly massive market with plenty of organizations out there working with hundreds of drivers. Regretfully, numerous of these drivers land up in cash problems simply because they are still awaiting work from six weeks previously to actually pay them. When this is the situation for a trucking organization, depending on factoring providers for solutions maybe the most recommended alternative left.

 

This means that a truck firm can pay off the paychecks of the workers, keep all the vehicles topped off with gas and continue to scale, thrive and expand without consistently waiting for the finances which is taking too long to come in. Trucking Enterprises operating without a factoring system put in place are leaving themselves at notable hazard, as rivals cash out quickly and carry on to expand.

 

There's absolutely nothing at all to be stressed about when it comes to working with a Factoring contractor-- they commonly are not like a banking company or an individual who is going to leave you with a significant pile of personal debt to repay. You give them legitimate invoices from output you have already finished , you are only accelerating the repayment system.

 

In the Usa, where trucking agencies do well, factoring companies are not considered accepting loan of in any capacity. This private deal then makes it possible for both groups to make money and enjoy a convenient future-- it gives the factoring provider a secured asset of income to put into the list and it offers the trucking company the required money that they worked hard to obtain.

 

The trucking firm gives their statements to the factoring business. The trucking factoring provider then obtain the payment amounts from the trucking company's clients. Factoring has been all around for hundreds of years and has been employed for many years by plenty of various markets-- but none exceeding so than truckers. While you might miss out on a small part of the money, something like 1-3 % depending upon who you partner with, it implies that you are receiving the resources today and can actually begin setting the cash to do work.

 

After all, an IOU or an invoice is definitely not going to fund bills, is it? For trucking enterprises when the finances can be good one day and gone the next, it is up to the drivers to work sensibly and to make certain they are leaving themselves with a considerable amount of time and finance to get through the week till they are handed over again.

 

So the next time your trucking company is bearing some temporary capital dilemmas and you are putting in a lot of time chasing sluggish paying clients, why not start off thinking about employing a factoring businesses as a way to get your money and give yourself a more comfortable future in the eyes of your trucking team and your bank balance?

 

 

 

 

 

 

 

More Factoring For Trucking Companies -Articles

 

 

 

Houston Factoring Companies

 

 

 

www.Financeaccounts.Org/

 

 

 

Transportation Factoring Trucking

 

Factoring in the Future of a Trucking Business: A Story Craig Washington let the phone ring on his desk. His morning coffee cooled and his cigarette smoked away in the tray: Craig is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Washington Trucking Company had reached a turning point and he now had to make a decision as to whether he should sign up with a factoring company, and indeed if this would be a good or regrettable decision for his business.

 

More than forty years ago Craig's father had started this business working as an owner-operator and eventually growing Washington 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 Craig'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 Craig's hands and he needed to ensure that this business would be left in great shape for his sons.

 

To move Washington Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. His employees needed to be paid. 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 Washington 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. Craig chuckled, thinking about his father. 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. His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.

 

Craig knew he was right in his forward thinking. What would be the next step for Washington Trucking? And how would he be able to afford it? Business funding was tied up in fuel bills and the mortgage for the garage and office. Thankfully he'd just finished paying off the bank loan for the installation of satellite radio in the trucks.

 

He wondered about factoring - was this the answer for him? There was a lot he didn�t understand about the process. It sounded like a ninth grade math problem and he wondered how this would fit into the 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 this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Now it was time for Craig to do his homework. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. Worse still, if the customer defaulted on payment, the factoring company takes it out of the money supposedly coming to you! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost 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?

 

But it turned out to be quite easy. 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 didn�t mind signing an exclusive contract. He liked the idea of a long term commitment so he knew he wouldn�t have to bother going back and forth to different companies and wasting time filing more forms. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. Many companies offered a non-recourse factoring program that suited him just fine. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It was good money.

 

For Craig it was quite a relief to be dealing with the factoring company. 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 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 Craig because he and his father had created a very strong and loyal list of clientele over the years. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients would not have any problems, nor would they think poorly of Washington Trucking, because the factoring companies handle themselves in such a polite and professional manner, similar to the way his father had managed the business in the past.

 

Feeling happier now, Craig stepped out of his office to advise his secretary to expect to receive the contract very shortly from the factoring company. 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, Craig could actually expand Washington 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 Transportation Factoring Trucking -Articles

 

 

 

 

 

 

 

 

Houston Factoring Companies

 

 

 

 

 

 

www.Financeaccounts.Org/

 

Best Trucking Factoring Company

 

Date Published- 2014- 07-10 Best Trucking Factoring Company

 

"

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. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Once the loan is paid off, you can then apply for another loan if the need arises.

 

Trucking Factoring Companies

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. 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.

 

What Are The Benefits Of A Trucking Factoring Company Versus A Traditional 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. You will not Incur Debt. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. 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. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable are being offered for financing. This makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

3. Receive Your Money Faster. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.

 

4.Interest is Paid Up Front. With a bank loan interest continues to build, and this has to be paid the whole time you have a business loan; however with a Trucking Factoring company there is no interest - they take it right off the top by deducting it from the total amount of receivable accounts. So not only are you relieved of those monthly loan payments, but you also do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a 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 efficient at debt collecting, and this frees up your valuable time to devote to running your 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.

 

"
www.Financeaccounts.Org/

 

 

 

 

 

More Transportation Factoring Trucking -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. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Once the loan is paid off, you can then apply for another loan if the need arises.

 

Trucking Factoring Companies

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. 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.

 

What Are The Benefits Of A Trucking Factoring Company Versus A Traditional 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. You will not Incur Debt. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. 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. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable are being offered for financing. This makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

3. Receive Your Money Faster. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.

 

4.Interest is Paid Up Front. With a bank loan interest continues to build, and this has to be paid the whole time you have a business loan; however with a Trucking Factoring company there is no interest - they take it right off the top by deducting it from the total amount of receivable accounts. So not only are you relieved of those monthly loan payments, but you also do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a 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 efficient at debt collecting, and this frees up your valuable time to devote to running your 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.

 

"