Contact Us Form

or Call Us At 866-593-2195

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home page

Profits That Lie Hidden In Your Company - Our Truck Factoring Companies Can Provide
Your Truck Company The Cash You Need

businessfinanceresource.org

transportation invoice factoring

transportation factoring solutions

freight invoice factoring

trucking factoring

Factoring invoices is helpful for numerous reasons. It allows a trucking business to raise money without getting new debt. While debt is often needed, most truck companies would prefer to raise cash without obtaining money. Financial obligation is dangerous, and when it can not be repaid, assets can be repossessed. If the debt is huge enough, it could even force a trucking companies out of business.

 

 

 

 

 

 

 

161 New Ways to Finance Your Company - in This fascinating - Select An Invoice Factoring Company Instead Of A Regular Bank Financing

Exactly how to Enhance Money Flow Without Loaning -Cash Money flow is one of the primary reasons businesses fail.

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

Cash flow does not have to be an issue any ever more. Do not be deceived -- banks are not the only places you can get financing. Other solutions are available and you do not have to borrow. What is trucking factoring ? One solution is called truck factoring. Trucking Factoring is the procedure of selling invoices to an investor rather than waiting to collect the money from the client. Oh, the Irony- Trucking factoring has an ironic difference: It is the financial backbone of many of America's most effective businesses. Why is this ironic ? Because factoring is not instructed in business colleges, is seldom discussed in business strategies and is relatively unknown to the majority of most of American business people.

Yet it is a monetary procedure that releases up billions of dollars every year, enabling thousands of businesses to grow and succeed. FACTORING has been around for countless years. Invoice Factoring Companies are investors who pay money for the right to receive the future payments on your invoices. An unpaid receivable or invoice has value. It is a debt your customer has agreed pay in the near future. Factoring Principals--Although factoring deals solely with business-to-business deals, a large percentage of the retail company utilizes a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail deals. Using the purest definition of the word, these big customer finance companies are truly just big Commercial Factoring Companies of consumer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The store makes money practically immediately, although you do not pay up until you are ready.

For this service, the charge card business charges Sears a fee (typical common normal fees vary from 2 to four percent of the sale). The Advantages Accounts Receivable Factoring can offer many benefits to cash-hungry companies. Instead of waiting 30, 60, 90 days or longer for payment on an item that has already been delivered, a company can factor (sell) its receivables for money at a small price cut off the dollar value of the invoice. Payroll, marketing efforts, and working capital are simply a few of the business needs that can be met with instant  money.

Invoice Factoring offers the ways for a producer to replenish stock and make more items to sell: There is no longer a requirement to await for earlier sales to be paid. Receivable Loan Financing is not simply a cash management tool for producers: Practically any type company can benefit from Invoice Factoring. Generally, a company that extends credit will have 10 to 20 percent of its annual sales tied up in accounts receivable at any given time. Think for a minute about how much is bound in 60 days' worth of invoices: You can not pay the power bill or today s payroll with a customer s invoice, however you can sell that invoice for the cash to meet those responsibilities. Using truck factoring companies is a quick and easy procedure. The factor purchases the invoice at a price cut, typically a few portion points less than the face value of the invoice.

 

 

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

E-mail Us
or complete the
OnLine
Trucking Factoring Request Kind

 

 

wichita-factoring-companies

 

The American Transportation Association
specifies that there around
195,000 work with transportation
companies and
300,000 personal companies trucking
firms accredited to
run in the States that transferred,
according to their newest data of millions
products, supplies and
standard products .
There are several common
providers either going solo or in
groups on our country
roadways carrying these
important items to our
shops, factories and shipping ports.

Moreover freight invoice factoring
firms help
numerous of them and offer their
receivables financing services
countrywidecounting
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

 

"

Wichita is the largest city in Kansas and the seat of Sedgwick County. It is located in the south-central part of the state, at the couence of the Arkansas and Little Arkansas rivers. Incorporated as a city in 1870, Wichita is the chief commercial and industrial center of southern Kansas.More or less uninhabited at the time of Kansas's entry into the Union in 1861, the area was first settled by Wichita Indians, who came north from Texas and Oklahoma during the Civil War. At about the same time (during the mid-1860s) a number of trading posts were established at or near the river junction. One of the traders, Jesse Chisholm, pioneered the Chisholm Trail, which passed through Wichita and was the main cattle-drive route from Texas to the railroad in Abilene. After the railroad was extended to Wichita in 1872, the city boomed first as a cow town and then later as the trading center in an agricultural and livestock region. Although the city experienced an economic slump at the end of the 19th century, oil was discovered nearby in 1915, and subsequently the population almost doubled.Aircraft manufacturing began in the 1920s, and Wichita remains a center of the aircraft industry today. In addition, the city also has flour mills, meatpacking plants, and oil refineries. Major manufactures include camping equipment, heaters and air conditioners, and electronics. Wichita has a number of art and historical museums, a zoo, and a planetarium. It is the site of several universities, including Wichita State University (1895). McConnell Air Force Base is nearbyWichita's principal industrial sector is manufacturing, which accounted for 21.6 percent of area employment in 2003. Aircraft manufacturing has long dominated the local economy, and plays such an important role that it has the ability to iuence the economic health of the entire region; the state offers tax breaks and other incentives to aircraft manufacturers.Healthcare is Wichita's second-largest industry, employing approximately 28,000 people in the local area. Since healthcare needs remain fairly consistent regardless of the economy, this field was not subject to the same pressures that affected other industries in the early 2000s. The Kansas Spine Hospital opened in 2004, as did a critical care tower at Wesley Medical Center. In July 2010, Via Christi Health, which is the largest provider of healthcare services in Kansas, opened a hospital that will serve the northwest area of Wichita. Via Christi Hospital on St. Teresa is the system's fifth hospital to serve the Wichita community.Thanks to the early 20th-Century oil boom in neighboring Butler County, Kansas, Wichita became a major oil town, with dozens of oil exploration companies and support enterprises. Most famous of these was Koch Industries, today a global natural-resources conglomerate, which is still headquartered in Wichita. The city was also at one time the headquarters of the both operate headquarters facilities in Wichita. Koch Industries' primary global corporate headquarters complex is located in a large office-tower complex in northeast Wichita. The following is a summary of data regarding the Wichita metropolitan area labor force, 2004 annual average:Size of nonagricultural labor force: 282,800Number of workers employed in:construction and mining: 16,100manufacturing: 58,400trade, transportation and utilities: 49,500information: 6,100financial activities: 12,200professional and business services: 26,300educational and health services: 38,400leisure and hospitality: 25,200other services: 12,100government: 38,500Average hourly earnings of production workers employed in manufacturing: $19.45 (2004)Unemployment rate: 6.3% (February 2005)Aircraft manufacturing[edit]From the early to late 20th century, aircraft pioneers such as Clyde Cessna, ""Matty"" Laird, Lloyd Stearman, Walter Beech, Al Mooney and Bill Lear began aircraft-manufacturing enterprises that would lead to Wichita becoming the nation's leading city in numbers of aircraft produced. (the world's highest-volume airplane manufacturer) and Beechcraft remain based in Wichita having merged into Aviation in 2014, along with Learjet and Boeing's chief subassembly supplier, Spirit AeroSystems. Airbus maintains a workforce in Wichita, and (parent company of Learjet) has other divisions in Wichita as well. Over 50 other aviation businesses operate in the Wichita MSA, as well dozens of suppliers and subcontractors to the local aircraft manufacturers. In total, Wichita and its companies have manufactured an estimated 250,000 aircraft since Clyde Cessna's first Wichita-built aircraft in 1916.In the early 2000s, a national and international recession combined with the after effects of the 9/11/2001 terrorist attacks to depress the aviation sub-sector in and around Wichita. Orders for new aircraft plummeted, prompting Wichita's five largest aircraft manufacturers, �to slash a combined 15,000 jobs between 2001 and 2004. In response, these companies began developing small- and mid-sized airplanes to appeal to business and corporate users. In 2007, Wichita built 977 aircraft, ranging from single-engine light aircraft to the world's fastest civilian jet; one-fifth of the civilian aircraft produced in United States that year, plus numerous small military aircraft. In early 2012, Boeing announced it would be closing its Wichita plant by the end of 2013.

 

"

 

Watch Our Factoring YouTube Video For More Information

 

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

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.

 

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

 

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

 

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

List of Trucking Companies for Owner/Operators and Company Drivers

 

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

 

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

 

 

"

Since the mid 1980s Davis 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 boom times from 2002 to 2007 Davis Truck & Haul was the mastermind of a top-rated accounts receivable in the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. 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 to a crawl

 

. And worse yet, Davis 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 Davis, David Castro, 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 gone to his administrators and asked them what the problem had been. Were they doing things different, or wrong, when it came to collecting overdue accounts? When checking his bookkeeper's records this was definitely not the case. Perhaps he was losing his customers to his competitor, who seemed to offer very low prices with no guarantee of quality or performance, and these clients who were in debt to his company had possibly disappeared leaving him stranded. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Davis hadn't gone elsewhere. The had just gone!.To David Castro the situation looked desperate. David 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. At night he would speak to his wife Jennifer and shake his head in frustration.

 

""I have a bad feeling, Lin,"" he would say with deep woe.""What could you do differently?"" she would ask.David would stare off for a moment and then close eyes. He could see the fleet of trucks he had purchased over the years. He could see them traveling, bringing goods to all of his clients. But then a haze would cover his trucks and his vast fleet would vanish to leave just a few. What on earth was happening to create the death of his business?""I think I know what it could be,"" said David. ""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."" Jennifer 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'.""David 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 David strolled into his office and was determined to sit down and make every phone call to every client who had owed Davis money. This wasn't really a very efficient way for a Chief Executive to spend his day, and David 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 David was realising just how much trouble he was in.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 Teresaerley knocked at his door.

 

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

 

""Of course Teresa, please come in."" David leaned back in his chair and looked expectantly at Teresaerely.""Well David, 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?"" Teresaerley asked.""It sounds vaguely familiar. What is factoring""? he asked.She began, ""Well, it is really very simple. Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Immediately?"" David 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.. Additionally, the factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It provides a very broad view.""David 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. 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.�David leaned forward and reviewed the paperwork closely.""I do not know, Teresa - it just sounds too good to be true"", David said quietly.""Now, now, I know, I thought the same thing. But think about it, David: 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, David,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked David.""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,"" said David.He took a deep breath and looked at his secretary with something she recognized as hope.""Exactly�. This could very well be the answer to resolving the problems we are having with these clients who still owe us money.""David thought about this and agreed with Teresaerley. The customers who were in debt to Davis Truck & Haul were professional resources of the company, but they were also long-standing friends. Just because they were experiencing difficulties paying their own bills now, David was very concerned about losing these relationships. David knew only too well that the whole economy was floundering, and that it was not going to change overnight. That unknown amount of time, if he handled these debtors incorrectly, could spell disaster for both of them. Of course he did not want to lose any more money, but he did not want to lose business either.""Well, let me think about this tonight Teresa, thank you."" Teresa nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.David 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 Davis 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, Davis could receive up to fifty-percent cash advances upon load pick-ups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.""I must tell Ray the good news,"" muttered David to himself.David's son-in-law, Ray, loved the idea behind Davis 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. David knew then what struggles Ray would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Davis was hurting, a little guy like Ray was about to catch his death. Perhaps the antidote to these problems was in freight factoring, and they were about to find out.A few months later after going through the entire application process and having the experts review his accounts receivable, credit history and statements, David found himself beginning to dig his way out of the hole his delinquent account holders had created for him.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They took that time and refocused effort to offering competitive prices in new territories. David looked back on the dismal months of life before freight factoring and almost shuddered at the thought. If David hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

"

Wichita is the largest city in Kansas and the seat of Sedgwick County. It is located in the south-central part of the state, at the couence of the Arkansas and Little Arkansas rivers. Incorporated as a city in 1870, Wichita is the chief commercial and industrial center of southern Kansas.More or less uninhabited at the time of Kansas's entry into the Union in 1861, the area was first settled by Wichita Indians, who came north from Texas and Oklahoma during the Civil War. At about the same time (during the mid-1860s) a number of trading posts were established at or near the river junction. One of the traders, Jesse Chisholm, pioneered the Chisholm Trail, which passed through Wichita and was the main cattle-drive route from Texas to the railroad in Abilene. After the railroad was extended to Wichita in 1872, the city boomed first as a cow town and then later as the trading center in an agricultural and livestock region. Although the city experienced an economic slump at the end of the 19th century, oil was discovered nearby in 1915, and subsequently the population almost doubled.Aircraft manufacturing began in the 1920s, and Wichita remains a center of the aircraft industry today. In addition, the city also has flour mills, meatpacking plants, and oil refineries. Major manufactures include camping equipment, heaters and air conditioners, and electronics. Wichita has a number of art and historical museums, a zoo, and a planetarium. It is the site of several universities, including Wichita State University (1895). McConnell Air Force Base is nearbyWichita's principal industrial sector is manufacturing, which accounted for 21.6 percent of area employment in 2003. Aircraft manufacturing has long dominated the local economy, and plays such an important role that it has the ability to iuence the economic health of the entire region; the state offers tax breaks and other incentives to aircraft manufacturers.Healthcare is Wichita's second-largest industry, employing approximately 28,000 people in the local area. Since healthcare needs remain fairly consistent regardless of the economy, this field was not subject to the same pressures that affected other industries in the early 2000s. The Kansas Spine Hospital opened in 2004, as did a critical care tower at Wesley Medical Center. In July 2010, Via Christi Health, which is the largest provider of healthcare services in Kansas, opened a hospital that will serve the northwest area of Wichita. Via Christi Hospital on St. Teresa is the system's fifth hospital to serve the Wichita community.Thanks to the early 20th-Century oil boom in neighboring Butler County, Kansas, Wichita became a major oil town, with dozens of oil exploration companies and support enterprises. Most famous of these was Koch Industries, today a global natural-resources conglomerate, which is still headquartered in Wichita. The city was also at one time the headquarters of the both operate headquarters facilities in Wichita. Koch Industries' primary global corporate headquarters complex is located in a large office-tower complex in northeast Wichita. The following is a summary of data regarding the Wichita metropolitan area labor force, 2004 annual average:Size of nonagricultural labor force: 282,800Number of workers employed in:construction and mining: 16,100manufacturing: 58,400trade, transportation and utilities: 49,500information: 6,100financial activities: 12,200professional and business services: 26,300educational and health services: 38,400leisure and hospitality: 25,200other services: 12,100government: 38,500Average hourly earnings of production workers employed in manufacturing: $19.45 (2004)Unemployment rate: 6.3% (February 2005)Aircraft manufacturing[edit]From the early to late 20th century, aircraft pioneers such as Clyde Cessna, ""Matty"" Laird, Lloyd Stearman, Walter Beech, Al Mooney and Bill Lear began aircraft-manufacturing enterprises that would lead to Wichita becoming the nation's leading city in numbers of aircraft produced. (the world's highest-volume airplane manufacturer) and Beechcraft remain based in Wichita having merged into Aviation in 2014, along with Learjet and Boeing's chief subassembly supplier, Spirit AeroSystems. Airbus maintains a workforce in Wichita, and (parent company of Learjet) has other divisions in Wichita as well. Over 50 other aviation businesses operate in the Wichita MSA, as well dozens of suppliers and subcontractors to the local aircraft manufacturers. In total, Wichita and its companies have manufactured an estimated 250,000 aircraft since Clyde Cessna's first Wichita-built aircraft in 1916.In the early 2000s, a national and international recession combined with the after effects of the 9/11/2001 terrorist attacks to depress the aviation sub-sector in and around Wichita. Orders for new aircraft plummeted, prompting Wichita's five largest aircraft manufacturers, �to slash a combined 15,000 jobs between 2001 and 2004. In response, these companies began developing small- and mid-sized airplanes to appeal to business and corporate users. In 2007, Wichita built 977 aircraft, ranging from single-engine light aircraft to the world's fastest civilian jet; one-fifth of the civilian aircraft produced in United States that year, plus numerous small military aircraft. In early 2012, Boeing announced it would be closing its Wichita plant by the end of 2013.

 

"

 

More Trucking Factoring Companies Story Articles

Factoring in the Future of a Trucking Business: A Story Franklin Meyer 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. Meyer 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 Franklin's father had started this business working as an owner-operator and eventually growing Meyer 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 Franklin'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. Now the company was solely in Franklin�s hands and he wanted to live to see it in better shape for his sons.

 

To move Meyer Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. He had employees to pay. They all have families and the usual household bills. Some of the refrigerated trailers were in need of repairs and he felt to stay competitive it was also a good idea to invest in specialized haulers to be ready for the constant requests he was getting for loads of new energy and agriculture equipment. Every time he had to turn down a request, Meyer Trucking looked weak in a very strong market.

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Franklin 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.

 

Franklin knew he was right in his forward thinking. How would he take Meyer Trucking to the next level? More importantly, how could he afford it? Funding was all tied up in the mortgage for the office and garage and in the fuel bills. Thankfully he'd just finished paying off the bank loan for the installation of satellite radio in the trucks.

 

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. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. In return, the factoring company pays the trucking business straight away, providing immediate cash flow for the business to pay staff, purchase fuel, and do any repairs or maintenance. Without this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. During those thirty days the trucking company cannot pay its employees and bills with invoices.

 

Franklin had to really consider what his next step was going to be. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! He'd even heard about some companies putting you onto a sliding percentage scale regardless of any previously signed contracts for possibly 3% or 7%, and there you are now with 10% coming as a charge to you out of the freight bill. His friend Ronnie who had a trucking business in Missouri, was run nearly into the ground by a factoring company that charged him the full freight bill on top of the factoring fees. Well, what was the point of going to a factoring company if there was shady business like that going on?

 

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. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He didn�t mind signing an exclusive contract. In fact, he was quite pleased with the idea of a long-term contract because he knew this was a one-off and he would not have to keep going back and forth to different companies. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. He was more than happy with the figures he was offered in percentage terms on the freight bills. It was good money.

 

For Franklin it was quite a relief to be dealing with the factoring company. They were extremely helpful and more personable than the bank staff. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. Factoring was based on the credit of his customers and on their reliability which worked well for Franklin because he and his father had built up good strong relationships over decades with their list of clients. So he knew they would understand when the factoring company contacted them for the invoices. His clients would not have any problems, nor would they think poorly of Meyer 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, Franklin 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 Meyer Trucking Company and who knows, move into Canada, which had always been his dream. His heart felt full knowing his sons wouldn�t have to worry about money because of the right decisions he had made for their trucking business.

 

 

 

View Our Freight Factoring Videos For More Information

 

 

 

 

 

 

 

Trucking Factoring  Articles

"

�So It is not a loan?� asked Cody Sanchez, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she stated.Cody Sanchez 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 Ernest. He named his business Ruiz Trucking, named after Gordon and Frederick, his two grandfathers. They had both been hardworking men, and had done a lot to make Cody the same.Six months ago disaster struck Ernest'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. Cody depended on his full fleet, and missing two trucks was devastating . Furthermore, buying a whole new truck and fixing the other simply took more cash than Cody had on hand.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.Cody wasn�t a bad owner, and he hadn�t messed up. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.And that's why he found himself across the desk from this woman. Her name was Laura and she worked for a factoring company. 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�s not a loan, we purchase your accounts receivable. we are not giving you finance to be repaid later: we are purchasing something from you, and when you can you can buy it back. 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.Cody nodded. It sounded good to him, almost too good.The woman laughed. �I'm not sure that you believe me,� she chuckled.�No, I do, I just think it sounds a bit too good to be true. I actually thought I might end up losing my business.�Laura smiled, agreeing. �Yes, we get a lot of that. Listen, I�d hate to see you lose your company. You work hard, you�ve put everything you can into it. Sometimes you need help. That�s what we�re here for.""In any case, thank you for coming to see me.""No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� Laura said with a smile. �Let�s see what we can do to help you.�And with that they set about making a profile.

 

Cody completed the form, with Laura offering advice as needed.

 

The completed profile gave Laura and her company all the information they needed on Ernest's business, and with this information they would determine if this business would in fact be 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 Cody filled out his form, Laura was pretty sure he was a perfect candidate for factoring.When the form was done Laura took it and slid it into her briefcase. She then stood, reached across the desk and shook Ernest�s hand. He also stood up, and they smiled at each other. They said their goodbyes and Cody walked her to the door, and then returned to his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He 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 Laura 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.All those long, sleepless nights. The terrifying panic attacks that occurred regardless of where he was. He could feel it all fading away. He knew it wasn't over yet and that there was still a way to go, but he could just feel everything start to change for him. He was there, he was on the right path, and he was working to make things right.His mind wandered back to the very beginning, when he first started his business. At twenty-two and straight out of school he had opened a restaurant. It had been really successful. Offering home cooking in his own hometown, his business had really prospered.But it wasn't what he really wanted to do. He wasn't passionate about the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took six months off, and during that time he decided to create Ruiz Trucking. And that's exactly what he did. For the second time in his short life he created a company from the ground up. The business had been an instant success.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was nearing 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, because of factoring, he was sure he wouldn�t have to. Cody opened his eyes, sat forward, turned his computer on. He had lots to do. He could be thankful later, for now, it was time to work.

 

"

 

 

 

More Trucking Factoring Company Story Articles

The key reasons why Truck Corporations Work with Factoring Companies.

 

As the operator of your own establishment, you may likely be more than perceptive already of the challenge in making sure that capital matters do not become a difficulty down the line. Anyway, the most unfortunate thing that can in all probability develop for your business is to find yourself dragged in a long and hard predicament that leaves you forever looking for the funds you are in need of on an on-going basis.

 

For any type of establishment in this condition, the dilemma can come for waiting for work to lapse and actually be provided into your account. Statements, checks, and the like could take a long time to actually to be taken care of which can certainly leave you with temporary capital difficulties. Thankfully, there are alternatives out there for industries to examine-- and just one of these is factoring companies.

 

Factoring agencies will, in exchange for your invoices, provide you with the funds now so you do not have to worry about the waiting time frame that could make paying the bills and getting materialsmore hard. With this sort of setup, invoice factoring can become exceptionally practical for various businesses who ought to get out of a money trap which they have discovered themselves in.

 

For the reason that, depending on the scale of the task, it can take up to 60 days for some enterprises to get compensated then it is necessary to cover your own back and definitely not leave yourself resources short to settle the costs. After all, how many establishments have two months cash flow just occupying there to cover all their costs till they make money?

 

This is especially correct of trucking agencies. They have the tendency to handle tons of accounts which means a significant volume of collection time entails company owner themselves. Trying to get paid promptly can eventually become an unbelievable inconvenience and this is exactly why you employ trucking factoring firms who are glad to help out truckers particularly.

 

As we all determine, trucking is an surprisingly massive market with many companies out there handling hundreds of drivers. Sadly, several of these drivers end up in money troubles since they are still waiting for work from six weeks previously to actually compensate them. When this is the scenario for a trucking organization, turning to factoring providers for reinforcement could be the finest choice left.

 

This implies that a truck firm can compensate the salaries of the people, keep all the vehicles refilled with fuel and continue to go up, rise and expand without continually waiting for the funds which is taking too prolonged to come in. Trucking Firms running without a factoring system applied are leaving themselves at substantial threat, as contenders cash out promptly and go on to grow.

 

There's honestly not much to be worried about when it comes to making use of a Factoring firm-- they typically are not like a bank or somebody who is going to leave you with a large heap of financial debt to repay. You give them legitimate invoices from job you have already finalized , you are just speeding up the repayment system.

 

In the United states of America, where trucking enterprises grow, factoring providers are not considered getting a loan in any capacity. This private deal then permits both parties to make money and take joy in a comfortable future-- it gives the factoring business a guaranteed asset of income to put into the list and it furnishes the trucking business the required cash that they sweated to earn.

 

The trucking establishment bestows their accounts to the factoring business. The trucking factoring company then receive the installment payments from the trucking company's customers. Factoring has been all around for centuries and has been used for long times by numerous varied fields-- but none more so than truckers. While you might lose out on a small part of the money, something like 1-3 % depending on who you team up with, it signifies that you are obtaining the finances today and can actually start off putting the funds to perform.

 

Anyway, an IOU or an invoice is absolutely not going to finance bills, is it? For trucking companies when the finances can be great one day and gone the next, it is up to the drivers to work prudently and to make sure that they are leaving themselves with a considerable quantity of time and finance to get through the week up until they are paid for once more.

 

So the next occasion your trucking establishment is having some temporary cash flow challenges and you are spending way too much time chasing inactive paying clienteles, why not begin thinking of using a factoring businesses as a way to get your cash and give yourself a more convenient future in the eyes of your trucking staff and your bank balance?

 

 

 

 

 

 

"

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.

 

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?

 

Not every business can benefit from Trucking Factoring account financing because you have to have a business with accounts receivable, however there are many benefits for those who can access this type of finance.

 

1. There is no debt. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. 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. No Collateral Required. Another great benefit of using the services of a Trucking Factoring company instead of a bank loan is that there is no collateral required for the Trucking Factoring company, because the Trucking Factoring company is buying your accounts receivables. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. This makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

3. Receive Your Money Faster. 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 not only are you relieved of those monthly loan payments, but you also do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

As you can see, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The main benefit is that once you've sold your accounts receivable to the Trucking Factoring company, you are free from having to collect money owed by your customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

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

 

"

 

 

 

 

Factoring Companies by City

New York City

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


Memphis

 

 

Boston


Seattle


Denver


Washington DC


Nashville-Davidson


Baltimore


Louisville/Jefferson


Portland


Oklahoma City


Milwaukee


Las Vegas


Albuquerque


Tucson


Fresno


Sacramento


Long Beach


Kansas City


Mesa


Virginia Beach


Atlanta

 

Colorado Springs


Raleigh


Omaha


Miami


Oakland


Tulsa


Minneapolis


Cleveland


Wichita


Arlington

 

New Orleans

Bakersfield

Tampa

Honolulu

Anaheim

Aurora

Santa Ana

St. Louis

Riverside

Corpus Christi

Pittsburgh

Lexington Fayette

Anchorage

Stockton

Cincinnati

St. Paul

Toledo


Newark

Greensboro

Plano

Henderson

Lincoln

Buffalo

Fort Wayne

Jersey

Chula Vista

Orlando

St. Petersburg

Norfolk

Chandler

Laredo

Madison

Durham

Lubbock

Winston Salem

Garland

Glendale

Hialeah

Reno

Baton Rouge

Irvine

Chesapeake

Irving

Scottsdale

North Las Vegas

Fremont

Gilbert town

San Bernardino

Boise

Birmingham

Rochester

Richmond

Spokane

Des Moines

 

 

 

 

 

Philadelphia

 

"
"

 

 

 

 

 

 

 

 

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