Contact Us Form

or Call Us At 800-986-1859

Email Us

 

 

city sitemap 1

city sitemap 2

city sitemap 3

city sitemap 4

city sitemap 5

city sitemap 6

city sitemap 7

city sitemap 8

city sitemap 9

city sitemap 10

city sitemap 11

city sitemap 12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Is The Life of a Receivable Worth $1 to You -
Our Truck Factoring Companies
Can Provide
Your Truck Company
The Cash Your Company Needs

Fort Wayne Factoring Companies

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

truck factoring calculator

factoring trucking receivables

freight broker factoring

ctorifreight factoring companies california

Http://Factoring-Companies-Used-By-Trucking-Companies.factoringbank.org

How You can Get a Quick Loan of $50,000 - Select 

The Best Factoring Company Instead Of A Traditional Bank Financing

How to Increase Money Flow Without Borrowing -Cash Money flow is among the main reasons businesses fail.

 

You might just have heard of freight invoice factoring but most people might just mistake exactly what it is or much more importantly exactly what it might do for your company. Freight Bill Factoring likewise understood as accounts receivable financing is a form of asset based financing that will improve a company's immediate cash flow needs. It is not a loan; no debt obligation is taken on by trucking receivables finance ,and the funds are unconstrained. Factoring Invoice Trucking Companies in Finance Accounting Services Fort Wayne Factoring Companies at Freelandcustom.com- affording factoring receivables with recourse facilities fort-wayne-factoring-companies

Freelandcustom.com-Fort Wayne Factoring Companies

Mississippi

Factoring Invoice Trucking Companies

The key reasons why Truck Establishments Work with Factoring Firms.

 

As the owner of your own firm, you may likely be more than perceptive already of the hardship in making sure that cash flow matters do not become a difficulty down the line. After all, the most disappointing thing that can in all probability come about for your firm is to find yourself embroiled in a long and complicated circumstance that leaves you forever trying to find the funds you necessitate on an on-going basis.

 

 

Accountreceivablefinancing.Co.Uk

Factoring Truck Invoice Companies

Factoring companies will, in trade for your statements, supply you with the funds today so you don't need to stress over the delaying time frame that could make paying out the bills and purchasing toolsmore hard. With this type of arrangement, invoice factoring can end up being extremely helpful for many businesses who ought to avoid a cash trap which they have discovered themselves in.

 

 



Businessinvoicefactoring.Org

 

 

 

Accounts Receivables Loans Companies

The key reasons why Truck Establishments Work with Factoring Firms.

 

As the owner of your own firm, you may likely be more than perceptive already of the hardship in making sure that cash flow matters do not become a difficulty down the line. After all, the most disappointing thing that can in all probability come about for your firm is to find yourself embroiled in a long and complicated circumstance that leaves you forever trying to find the funds you necessitate on an on-going basis.

 

 



Businessinvoicefactoring.Org

Financial Services Factoring

 

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

Cash flow does not have to be a problem any more. Do not be fooled -- banks are not the only locations you can get funding. Other solutions are available and you do not have to borrow. What is trucking factoring ? One option is called trucking factoring. Trucking Factoring is the procedure of selling invoices to an investor instead of waiting to collect the cash from the customer. Oh, the Irony- Truck factoring has a paradoxical difference: It is the monetary foundation of many of America's most successful businesses. Why is this paradoxical ? Since commercial factoring is not taught in business colleges, is seldom discussed in business strategies and is fairly unknown to bulk of most of American business individuals.

Yet it is a financial procedure that frees billions of dollars every year, allowing countless companies to grow and succeed. Trucking Factoring has actually been around for thousands of years. Staffing Factoring Businesses 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 debt your customer has actually to pay in the near future. Factoring Principals--Although factoring offers exclusively with business-to-business transactions, a big percentage of the retail business utilizes a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail deals. Utilizing the purest meaning of the word, these big customer finance companies are really simply large Truck Factoring Businesses of customer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The store gets paid practically instantly, although you do not make payment until you are ready.

For this service, the charge card business charges Sears a charge (typical common normal charges vary from two to four percent of the sale). The Benefits Receivable Financing can provide many benefits to cash-hungry business. Rather than wait 30, 60, 90 days or longer for payment on a product 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 simply a few of the business requirements that can be satisfied with instant  money.

Commercial Factoring provides the ways for a producer to replenish inventory and make even more products to offer: There is no longer a requirement to await for earlier sales to be paid. FACTORING is not just a money management device for manufacturers: Practically any type business can take advantage of Receivable Loan Funding. Generally, a business that extends credit will have 10 to 20 percent of its yearly 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 client s invoice, however you can sell that invoice for the cash to satisfy those obligations. Using truck factoring companies is a quick and easy process. The factoring company purchases the invoice at a price cut, usually a couple of portion points less than the face value of the invoice.

www.Newsable.Org

 

invoice factoring rates

 

Fort Wayne is a city in the U.S. state of Indiana and the county seat of Allen County. The population was 256,496 as of the 2013 Census estimate making it the 76th largest city in the United States and the second largest in Indiana after Indianapolis. The municipality is located in northeastern Indiana, approximately 18 miles (29 km) west of the Ohio border and 50 miles (80 km) south of the Michigan border. Fort Wayne is the principal city of the Fort Wayne metropolitan area, consisting of Allen, Wells, and Whitley counties, for an estimated population of 419,453. In addition to those three core counties, the combined statistical area includes Adams, DeKalb, Huntington, Noble, and Steuben counties, for a population of about 615,077.Under the direction of American Revolutionary War statesman Anthony Wayne, the United States Army built Fort Wayne last in a series of forts near the Miami tribe village of Kekionga in 1794. Named in Wayne's honor, the settlement established itself at the couence of the St. Joseph River, St. Marys River, and Maumee River as a trading post for European pioneers. The village was platted in 1823 and experienced tremendous growth after completion of the Wabash and Erie Canal and advent of the railroad. Once a booming manufacturing town located in the Rust Belt, Fort Wayne's economy has diversified to include distribution, transportation, and logistics, health care, professional and business services, leisure and hospitality, and financial services. The city is also a center for the defense industry which employs thousands in the city.As northeastern Indiana's cultural hub, Fort Wayne is home to 15 museums and art galleries, two daily newspapers, philharmonic orchestra, botanical conservatory, zoo, convention center, three minor league sports franchises and an Division I member school, and 86 public parks. The city is home to the fifth-largest public university in Indiana, Indiana University � Purdue University Fort Wayne (IPFW), and the private universities of Concordia Theological Seminary, Indiana Institute of Technology, and University of Saint Francis. The city is also recognized as the final resting place of American folklore legend Johnny Appleseed.The city has been an All-America City Award recipient in 1982, 1998, and 2009 and received an Outstanding Achievement City Livability Award by the U.S. Conference of Mayors in 1999.Manufacturing is deeply rooted in Fort Wayne's economic history, dating to the earliest days of the city's growth as an important trade stop along the Wabash and Erie Canal. Railroads, introduced shortly after the canal's arrival, eased travel from Fort Wayne to other booming industrial centers along the Great Lakes, such as Chicago, Detroit, Toledo, and Cleveland. Throughout the early and mid-20th century, manufacturing dominated the city's economic landscape. From 1900 to 1930, Fort Wayne's industrial output expanded by 747 percent, with total production valued at $95 million in 1929, up from $11 million in 1899. The total workforce also increased from 18,000 in 1900 to nearly 50,000 in 1930. among several others, producing such items as refrigerators, washing machines, automatic phonographs, meat-packing products, televisions, garbage disposals, automotive parts and motors, trailers, gasoline pumps, trucks, beer, tents and awnings. Magnet wire production became an especially vital component to the city's economy. In 1960, Fort Wayne was at the center of the United States magnet wire industry, home to , producing nearly 90 percent of North America's magnet wire.The 1970s and 1980s were times of economic depression in Fort Wayne. As much of the city's manufacturing foundation eroded and the blue-collar workforce shrank, Fort Wayne joined several other cities reeling economically within the Rust Belt. The biggest blow to the city's economy came September 27, 1982 when International Harvester announced it would close its Fort Wayne assembly plant, which had employed 10,600 at its peak. General Electric also downsized much of its more than 10,000-person workforce at this time; GE announced that operations at the Fort Wayne plant would officially end in 2015. Amid other area plant closures and downsizing, coupled with the early 1980s recession, the city lost 30,000 jobs and had reached a 12.1 percent unemployment rate. arrival to Allen County in 1987 helped fill the void left by shuttered manufacturers and aided in the area's recovery, employing 3,000 at its Fort Wayne Assembly.Through the 1990s and into the 2000s, the city diversified its economy; manufacturing now employs 16.9 percent of Allen County's workforce. Other important sectors include distribution, transportation, and logistics (23.1 percent), health care (17.9 percent), professional and business services (12.1 percent), leisure and hospitality (11.1 percent), and financial services (6.3 percent). The leisure and hospitality sector has especially grown, with 5.7 million visitors spending more than $466 million in Fort Wayne in 2009. The city is also a center for the defense industry, employing thousands at such companies as BAE Systems (1,150), ITT Exelis (1,165), Raytheon Systems (950), and the Fort Wayne Air National Guard Station (423). In 2012, the county's workforce was 174,207 with an unemployment rate of 8.3 percent. Abraham Lincoln: The Hoosier Youth has stood in front of Lincoln Financial Group's downtown offices since 1932.headquartered in the city, ranking 354th.According to Greater Fort Wayne Inc., as of May 2014, the ten largest employers in the county were

 

 

 

Fort Wayne Factoring Companies

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

E-mail Us



OnLine


Trucking Factoring Request Kind

 

 

Factoring Companies Reviews at YKLfactoring.com

 

Mississippi

 

The United states Transportation Organization
mentions that there around
195,000 work with freight trucking
firms and
276,000 personal companies trucking
companies licensed to
operate in the States that carried,
according to their most current searchings for billions of
items, supplies and
standard products .
There are several common
providers either going solo or in
groups on our nation
roadways transporting these
important products to our
shops, factories and shipping ports.

Furthermore  trucking factoring
companies support
several of them and offer their
factoring services
countrywide including
including the following states.


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

Fort Wayne Factoring Companies

 

Watch Our Factoring YouTube Video For More Information

 

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

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

 

Click below to find Trucking Companies in the United States:

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

Click below to find Trucking Companies in the United States:

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

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

 

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

 

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.

 

 

View Our Truck Factoring Companies Videos For More Information

 

 

http://olympicfactor.com

 

 

invoice factoring rates

 

www.Olympicfactor.Com

 

 

 

Transportation Factoring Trucking

 

"

�So It is not a loan?� Fred Robinson asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Fred smiled at him, shaking her head.�Not quite,� she stated.Fred Robinson owned a small trucking company, and his business had recently fallen on difficult times. Trucking could be a profitable business, and for a little under a decade, it had been for Alfred. He named his business Knight Trucking, named after Peter and Dwight, his two grandfathers. Both of these men had been very hardworking and had set a great example for Alfred.Six months ago disaster struck Alfred'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 Alfred'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. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Fred 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. Fred knew she was employed by a Factoring company and that her name was Courtney. He had accidentally come across her company one night when he was working late, searching the internet to see if there was some solution to his financial dilemma.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. That way we�re protected from a complete loss, but you�re protected from the outrageous fees you would find in a loan from the bank.Fred agreed. It sounded good to him, almost too good.Courtney laughed. �I'm not sure that you believe me,� she said.�Oh no, I do: it just sounds too good to be true. I actually thought I might end up losing my business.�Courtney nodded. �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. 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,� Courtney said with a smile. �Let�s see what we can do to help you.�And with that they set about making a profile.

 

Fred completed the form, with Courtney offering advice as needed.

 

The profile filled Courtney and her company in on Alfred�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 Fred filled out his form, Courtney was pretty sure he was a perfect candidate for factoring.When the form was done Courtney took it and slid it into her briefcase. She then stood, reached across the desk and shook Alfred�s hand. He stood before they shook as well, and then smiled. Fred walked Courtney 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 shut his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. But now, after speaking to Courtney and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off 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 terrifying panic attacks that occurred regardless of where he was. Already he could feel all the stress start to drain away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was 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.Fred couldn�t help but think back to when he had first started the business. At twenty-two and straight out of school he had opened a restaurant. It had been really successful. Offering home cooking in his own hometown, his business had really prospered.But it wasn't what he really wanted to do. His passion didn�t lie with the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took half a year off, and in that time he thought to start Knight Trucking. And that's exactly what he did. Once again he built a company from the ground up. He had been successful.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was about to turn fifty. He was concerned that he just did not have the energy left to try and save the business. But giving up wasn't part of his personality either.

 

Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically 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. Alfred's eyes opened, he sat forward in his chair and turned on his computer. 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 Best Trucking Factoring -Articles

www.Olympicfactor.Com

 

 

 

Transportation Factoring Trucking

 

"

Since the mid 1980s Harvey Truck & Haul have been successfully running their freight business. For more than twenty years they've been delivering goods for most major industries in the nation, with business booming as they traversed the country, in all kinds of weather, for all kinds of clients. During the heady times from 2002 to 2007, Harvey was a top rated accounts receivable mastermind of the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. The money was flowing, and times were great.It was just one year later, in 2008, when the economy in the United States took a sharp decline, and both large and small businesses started to notice the squeeze on their pocketbooks: everyone had suddenly gone silent. Business slowed to a crawl

 

. Worse still, it was noticed by Harvey in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. Spring changed to summer, summer changed to fall, and the CEO of Harvey, Harvey Hernandez, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The numbers of clients who owed him back debt were growing.He had already been to the administrators to ask what the actual problem was. Were they doing things different, or wrong, when it came to collecting 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 Harvey money had jumped ship and decided to leave him holding the bag.

 

. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. The had just gone!.To Harvey Hernandez the situation looked desperate. He had employees to pay, goods to ship, trucks to maintain and overhead that was almost unbearable when compared against the lack of funds that were coming in. In the evenings he would discuss his concerns with his wife, Arlene, and still find no relief from the worry and frustration.

 

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

 

""Harvey knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds.The next day Harvey strolled into his office and was determined to sit down and make every phone call to every client who had owed Harvey money. Now, it wasn't the most efficient way to spend a day as a chief executive, what he really needed to be doing was to be overseeing all of the other intricacies of shipment and delivery and reaching out to prospective clients or retraining his sales team to do the same. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. Wasting money, wasting time - even with the best of intentions, Harvey knew that he was in trouble.

 

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

 

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

 

""Sure thing Shelly, come on in."" Harvey relaxed back into his chair and looked up at Shellyerley.""Well Harvey, this afternoon I did some research, trying to work out how we are going to get out of this mess."" She opened up a folder she had been carrying and pulled out a small wad of papers, placing them on the desk in front of him.""Have you ever heard the word factoring?"" she asked.""It sounds vaguely familiar. What is factoring""? he asked.She began, ""Well, it is really very simple. So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Harvey interrupted ""Immediately?"".""Immediately, yes"" she added, ""it is actually very simple. We start by having a professional account manager review our figures and help us set up a company profile. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It provides a very broad view.""Harvey 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.

 

This company tells us what the cost will be to purchase factoring for our accounts receivable. We come to an agreement and the funding starts pouring out.�Harvey was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Shelly,"" he said.""Now, now, I know, I thought the same thing. But think about it, Harvey: they've guaranteed that experts will do all the paperwork, and that will free us up to do what we should be doing - focusing on our customers in good standing, and that kind of stuff. They appear to be very flexible, Harvey,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked Harvey.""They personalize the factoring rates so that the amount they are willing to take on is commensurate with our needs and our client�s debt. It only takes 2 to 4 days for this to be figured out. ""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" Harvey said.He took a deep breath and looked at his secretary with something she recognized as hope.""Exactly�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Harvey took a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Harvey Truck & Haul were professional resources of the company, but they were also long-standing friends. They did not want to throw away these relationships because they were having trouble paying their bills now. Harvey knew that the economy had taken a hit and he knew that it would probably be a long time before things started to look up again. That unknown amount of time, if he handled these debtors incorrectly, could spell disaster for both of them. He did not want to lose business but he also did not want to lose any more money.""Well, let me think about this tonight Shelly, thank you."" Shelly stood up and left Harvey's office, with the nice feeling of knowing that she may just have solved a very serious problem.Harvey sat behind his desk and looked over the details Shelly had not mentioned in their meeting. He wondered if there might be other problems freight factoring could help Harvey Truck & Haul with? Running his pencil down the sheet, he noted that the freight factoring company could assist with fuel costs, fuel advances, and fuel discount cards. In fact, Harvey could receive up to fifty-percent cash advances upon load pick-ups. Harvey was a typical business man: he despised binding contracts that 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 Gordon about this,"" muttered Harvey to himself.Harvey's son-in-law, Gordon, loved the idea behind Harvey and highly respected his father-in-law for having such great business sense, that two years ago he got his capital together and started his own transportation company. At that time Harvey knew the struggles Gordon would face, but he still encouraged him to follow his dream. With the economy the way it was, if an established company such as Harvey was struggling then the little guys, like Gordon, were going to be in even more trouble.

 

Perhaps the antidote to these problems was in freight factoring, and they were about to find out.Some months later, having successfully gone through the entire process of the application, having experts study his credit history and statements and review his accounts receivable, Harvey found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.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. Harvey looked back on the dismal months of life before freight factoring and almost shuddered at the thought. He probably wouldn't be in business today had he not learned just in time about freight factoring.

 

"

 

 

 

 

 

 

More Transportation Factoring Trucking -Articles

 

 

www.Olympicfactor.Com

 

 

 

Freight Factoring Rates

 

The key reasons why Trucking Corporations Employ Factoring Companies.

 

As the owner of your own establishment, you may be much more than knowledgeable already of the challenge in making sure that capital matters do not become a difficulty down the line. Anyway, the most awful thing that can possibly take place for your company is to find yourself embroiled in a long and tough condition that leaves you forever looking for the funds you need to have on an recurring basis.

 

For pretty much any firm in this instance, the complication can come for waiting for work to lapse and actually be compensated into your bank account. Invoices, checks, and the like could take some time to actually to beprocessed which can easily leave you with momentary available resources problems. Gratefully, there are solutions out there for firms to delve into-- and one of these is factoring providers.

 

Factoring companies will, in trade for your invoices, offer you with the money right away so that you do not need to worry about the lingering time span that could make paying out the expenses and purchasing toolsmore tough. With this style of setup, invoice factoring can become tremendously useful for countless establishments who need to avoid a money ploy which they have discovered themselves in.

 

Given that, depending on the scale of the job, it can take up to 60 days for several enterprises to get paid then it is very important to blanket your own back and certainly not leave yourself cash short to settle the costs. After all, how many companies have two months revenue just occupying there to deal with all their expenses till they earn?

 

This is especially correct of trucking enterprises. They generally manage good deals of invoices which means a substantial amount of collection period concerns business owner themselves. Trying to get paid in time can develop into an amazing inconvenience and this is exactly why you make use of truck factoring organizations who are thrilled to help out truckers mainly.

 

As most of us determine, trucking is an incredibly big business with a lot of firms out there working with hundreds of vehicle drivers. Regretfully, several of these drivers wind up in income dilemmas simply because they are still waiting on work from six weeks previously to actually pay them. When this is the case for a truck organization, turning to factoring agencies for help could be the most suitable choice left.

 

This signifies that a truck organization can pay off the wages of the workers, keep all the cars loaded with gas and continue to go up, thrive and expand without consistently waiting for the funds which is taking too prolonged to come in. Trucking Businesses functioning without a factoring program used are leaving themselves at considerable hazard, as competitions cash out promptly and go on to expand.

 

There's honestly not a thing to be worried about when it comes to using a Factoring agency-- they are not like a banking company or a person who is going to leave you with a massive mound of personal debt to pay back. You give them genuine invoices from work you have already accomplished , you are only just hastening the payment system.

 

In the United States, where truck establishments flourish, factoring establishments are not considered borrowing in any capacity. This private settlement then permits both groups to benefit and indulge in a convenient future-- it gives the factoring company a guaranteed resource of money to include in the list and it furnishes the trucking business the required cash that they sweated to gain.

 

The trucking establishment provides their statements to the factoring business. The trucking factoring business then receive the installment payments from the trucking company's clients. Factoring has been in existence for centuries and has been employed for decades by several diverse business-- but none much more so than truckers. While you might possibly lose out on a small part of the money, something like 1-3 % depending upon who you deal with, it implies that you are getting the finances today and can actually begin putting the funds to function.

 

Once and for all, an IOU or an invoice is absolutely not going to pay for bills, is it? For trucking agencies when the funds can be fantastic one day and gone the next, it is up to the vehicle drivers to work prudently and to guarantee they are leaving themselves with a substantial amount of time and finance to get through the week until they are paid for again.

 

So the next instance your trucking company is enduring some momentary capital troubles and you are shelling out excessive time chasing inactive paying clients, why not start off taking into consideration using a factoring businesses as a method to get your finances and give yourself a more convenient future in the eyes of your trucking workers and your bank balance?

 

 

 

 

 

 

 

More Freight Factoring Rates -Articles

 

 

 

Fort Wayne Factoring Companies

 

 

 

www.Olympicfactor.Com

 

 

 

Factoring Trucking Receivables

 

Factoring in the Future of a Trucking Business: A Story Jesus Porter let the phone ring on his desk. He let his morning coffee cool and left his cigarette to ash itself in the tray, because he is trying to make the biggest decision ever for his trucking company. Porter Trucking Company was at a turning point of growth and Jesus had to decide if signing with a factoring company was the right way forward.

 

More than forty years ago Jesus's father had started this business working as an owner-operator and eventually growing Porter 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 Jesus's mother had jumped into the cab at times to make hauls. His father had lived long enough to witness the price of hires drop during the recession and watch the eruption of fuel prices afterwards. But now things were different: the company was in Jesus's hands and he needed to ensure that this business would be left in great shape for his sons.

 

There just never seemed to be enough money to go around, and certainly no spare cash, but to move his company successfully into the future he needed a steady and reliable cash flow. 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. Every time he had to turn down a request, Porter Trucking looked weak in a very strong market.

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Jesus 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?� He smiled to himself as he remembered his father poking fun at the other drivers who switched to automatic, even though automatic was quite obviously more efficient (though less manly). He knew his father's days were long gone and new technology was very important for the business, like having Qualcomm to reduce communication time for bills of lading.

 

Jesus knew he was right in his forward thinking. What would be the next step for Porter Trucking? More importantly, how could he 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? If he was being honest, he did not really understand how it all worked. It sounded a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. In return, the factoring company pays the trucking business straight away, providing immediate cash flow for the business to pay staff, purchase fuel, and do any repairs or maintenance. Without the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Now it was time for Jesus 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 friend Ronnie who had a trucking business in Missouri, was run nearly into the ground by a factoring company that charged him the full freight bill on top of the factoring fees. Well, what was the point of going to a factoring company if there was shady business like that going on?

 

But it turned out to be quite easy. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He was quite happy to sign an exclusive contract. 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. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It was good money.

 

For Jesus it was quite a relief to be dealing with the factoring company. They were more personable than those loan managers at the bank. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies were not interested in his credit nor the financial problems his father had experienced in the past. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Jesus 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 Porter 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, Jesus stepped out of his office to advise his secretary to expect to receive the contract very shortly from the factoring company. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. He suddenly realized that, with this new cash flow, he could actually expand Porter Trucking Company and who knows, move into Canada, which had always been his dream. 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.

 

 

 

 

 

 

 

More Factoring Trucking Receivables -Articles

 

 

 

 

 

 

 

 

Fort Wayne Factoring Companies

 

 

 

 

 

 

www.Olympicfactor.Com

 

Best Factoring Companies For Trucking

 

Date Published- 2014- 08-13 Best Trucking Factoring Company

 

"

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. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. Plus, the amount you apply for through the bank is the actual amount that you are going to receive. Of course, once that loan has been re-paid, you can always re-apply for another loan.

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies do not 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 money you can receive is based on the amount of money you have earned and the accounts receivable you are willing 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. You'll receive the 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.You receive interest up-front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So 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 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.

 

Another bonus is that, because the Trucking Factoring company has evaluated the quality of your customers' credit before buying the accounts receivable, you learn valuable information regarding your customers, like which ones are likely to pay, and which ones are less likely to pay.A Trucking Factoring company is not the only method of gaining access to finance for the running and growing of your business, however it does offer a financing option well worth considering.

 

"
www.Olympicfactor.Com

 

 

 

invoice factoring rates

 

 

More Factoring Trucking Receivables -Articles

 

 

 

"

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. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. Plus, the amount you apply for through the bank is the actual amount that you are going to receive. Of course, once that loan has been re-paid, you can always re-apply for another loan.

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies do not 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 money you can receive is based on the amount of money you have earned and the accounts receivable you are willing 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. You'll receive the 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.You receive interest up-front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So 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 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.

 

Another bonus is that, because the Trucking Factoring company has evaluated the quality of your customers' credit before buying the accounts receivable, you learn valuable information regarding your customers, like which ones are likely to pay, and which ones are less likely to pay.A Trucking Factoring company is not the only method of gaining access to finance for the running and growing of your business, however it does offer a financing option well worth considering.

 

"

 

Financial Services Factoring

 

Fort Wayne Factoring Companies

 

"
"

 

"

 

 

New York

 

""
""

 

 

 

 

"  

"

 

 

Los Angeles

 

""
""

 

 

 

 

"    

"

 

 

Chicago

 

""
""

 

 

 

 

"    

"

 

 

Houston

 

""
""

 

 

 

 

"    

"

 

 

Philadelphia

 

""
""

 

 

 

 

"    

"

 

 

Phoenix

 

""
""

 

 

 

 

"    

"

 

 

San Antonio

 

""
""

 

 

 

 

"    

"

 

 

San Diego

 

""
""

 

 

 

 

"    

"

 

 

Dallas

 

""
""

 

 

 

 

"    

"

 

 

San Jose

 

""
""

 

 

 

 

"    

"

 

 

Austin

 

""
""

 

 

 

 

"    

"

 

 

Jacksonville

 

""
""

 

 

 

 

"    

"

 

 

Indianapolis

 

""
""

 

 

 

 

"    

"

 

 

San Francisco

 

""
""

 

 

 

 

"    

"

 

 

Columbus

 

""
""

 

 

 

 

"    

"

 

 

Fort Worth

 

""
""

 

 

 

 

"    

"

 

 

Charlotte

 

""
""

 

 

 

 

"    

"

 

 

Detroit

 

""
""

 

 

 

 

"    

"

 

 

El Paso

 

""
""

 

 

 

 

"    

"

 

 

Atlanta

 

""
""

 

 

 

 

"    

"

 

 

Miami

 

""
""

 

 

 

 

"    

"

 

 

Orlando

 

""
""

 

 

 

 

"    

"

 

 

Memphis

 

""
""

 

 

 

 

"    

"

 

 

Boston

 

""
""

 

 

 

 

"    

"

 

 

Seattle

 

""
""

 

 

 

 

"    

"

 

 

Denver

 

""
""

 

 

 

 

"    

"

 

 

Washington Dc

 

""
""

 

 

 

 

"    

"

 

 

Nashville Davidson

 

""
""

 

 

 

 

"    

"

 

 

Baltimore

 

""
""

 

 

 

 

"    

"

 

 

Louisville Jefferson

 

""
""

 

 

 

 

"    

"

 

 

Portland

 

""
""

 

 

 

 

"    

"

 

 

Oklahoma City

 

""
""

 

 

 

 

"

 

 

 

 

city sitemap 1

city sitemap 2

city sitemap 3

city sitemap 4

city sitemap 5

city sitemap 6

city sitemap 7

city sitemap 8

city sitemap 9

city sitemap 10

city sitemap 11

city sitemap 12