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The Secret to Being Wealthy -
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Santa Clarita Factoring Companies

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Http://Oilfield-Services-Factoring.receivableloan.org

This is Marie Antoinette - Escaping - Choose 

An Invoice Factoring Company Instead Of A Traditional Bank Funding

How to Increase Cash Flow Without Loaning -Cash Money flow is one of the primary reasons companies fail.

 

You could have discovered truck factoring but your company might mistake what it is or much more importantly what it might do for your business. Staffing Factoring also known as receivables financing is a kind of asset based financing that will improve a business' short-term cash needs. It is not a loan; no debt is assumed by Receivable Funding ,and the money is unconditional. Small Business Lines Of Credit Companies in Financial Services Factoring Santa Clarita Factoring Companies at Freelandcustom.com- delivering receivable from factor services santa-clarita-factoring-companies

Freelandcustom.com-Santa Clarita Factoring Companies

North Carolina

Small Business Lines Of Credit Companies

The trucking enterprise bestows their invoices to the factoring business. The trucking factoring company then obtain the payment amounts from the trucking company's clients. Factoring has been in existence for centuries and has been utilized for many years by numerous varied fields-- but none much more so than truckers. While you might lose out on a small part of the money, something like 1-3 % depending on who you partner with, it implies that you are receiving the money today and can actually start setting the funds to work.

 

 

Receivableservices.Org

Factoring Trucking Receivables

There's honestly nothing at all to be worried about when it comes to working with a Factoring company-- they usually are not like a financial institution or any individual who is going to leave you with a substantial mass of liability to repay. You give them authentic invoices from job you have already wrapped up , you are just accelerating the repayment system.

 

 



Trucking Factoring Companies-Olympicfactor.Com

 

 

 

Freight Factoring Companies California

The trucking enterprise bestows their invoices to the factoring business. The trucking factoring company then obtain the payment amounts from the trucking company's clients. Factoring has been in existence for centuries and has been utilized for many years by numerous varied fields-- but none much more so than truckers. While you might lose out on a small part of the money, something like 1-3 % depending on who you partner with, it implies that you are receiving the money today and can actually start setting the funds to work.

 

 



Trucking Factoring Companies-Olympicfactor.Com

Sale Receivables

 

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

Money flow does not have to be an issue any ever more. Do not be fooled -- banks are not the only locations you can get financing. Other solutions are available and you do not have to borrow money. Exactly what is trucking factoring ? One solution is called trucking factoring. Truck Factoring is the procedure of selling invoices to a financier rather than waiting to gather the cash from the client. Oh, the Irony- Truck factoring has an ironic distinction: It is the financial backbone of many of America's most successful companies. Why is this paradoxical ? Since invoice factoring is not instructed in business colleges, is seldom discussed in company strategies and is fairly unknown to bulk of most of American company individuals.

Yet it is a monetary procedure that frees billions of dollars every year, allowing thousands of companies to grow and succeed. Receivable Loan Financing has been around for countless years. Staffing Factoring Businesses are financiers who pay cash for the right to receive the future payments on your invoices. An unpaid receivable or invoice has value. It is a debt your client has actually to pay in the near future. Factoring Principals--Although factoring deals exclusively with business-to-business deals, a big percentage of the retail business uses a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail transactions. Utilizing the purest meaning of the word, these large consumer finance business are really just large FACTORING Companies of customer paper. Consider it: You make a purchase at Sears and charge it to your MasterCard. The store makes money almost immediately, even though 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 4 percent of the sale). The Benefits Truck Factoring can provide many advantages to cash-hungry business. Instead of waiting 30, 60, 90 days or longer for payment on an item that has currently been delivered, a business can factor (sell) its receivables for cash at a small price cut off the dollar value of the invoice. Payroll, advertising efforts, and working capital are simply a few of the company needs that can be satisfied with instant  cash.

Invoice Factoring offers the means for a producer to renew inventory and make even more products to sell: There is no longer a need to wait for earlier sales to be paid. Receivable Loan Financing is not just a cash management tool for manufacturers: Practically any type company can take advantage of Receivable Funding. Typically, 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 client s invoice, however you can sell that invoice for the cash to satisfy those obligations. Using truck factoring companies is a fast and easy procedure. The factor purchases the invoice at a price cut, typically a couple of percentage points less than the stated value of the invoice.

www.Yourfactoring.Com

 

factoring and commercial finance industry

 

Santa Clarita, officially the City of Santa Clarita, is the third largest city in Los Angeles County, California, United States[7] and the eighteenth largest in the state of California.[8] The city has annexed a number of unincorporated areas, contributing to the large population increase. It is located about 35 miles (56 km) northwest of downtown Los Angeles, and occupies most of the Santa Clarita Valley. It is a notable example of a U.S. edge city or boomburb. Santa Clarita was ranked by magazine in 2006 as 18th of the top 100 places to live.[9]Santa Clarita was incorporated in December 1987 as the union of several previously existing communities, including Canyon Country, Newhall, Saugus, and Valencia, all of which are situated on the land of the former Rancho San Francisco.[10] It is bounded on the west by the Golden State Freeway (I-5). The Antelope Valley Freeway (SR-14) runs northeast-southwest through an irregular east border, and the Newhall Pass is the city's southernmost point.Santa Clarita is often associated with the S Mountain amusement park, though the park is located just outside the city limits, and the California Institute of the Arts (CalArts), located in Valencia.Kind are based in Santa Clarita. Sunkist has moved its regional headquarters from Sherman Oaks to Santa Clarita.[citation needed]

 

 

 

Santa Clarita Factoring Companies

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North Carolina

 

The American Transportation Association
states that there are about
205,000 employees with freight trucking
companies and
250,000 personal providers trucking
firms licensed to
run in the United States that transported,
according to their most current searchings for billions of
items, supplies and
fundamental products .
There are numerous common
carriers either going solo or in
groups on our country
roadways carrying these
important products to our
shops, factories and harbors.

Plus  truck factoring
corporations benefit
many of them and offer their
accounts receivablesfinancing facilities
nationally comprising
including the following states.


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

Santa Clarita Factoring Companies

 

View Our Truck Factoring YouTube Videos For More Information

 

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

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

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

 

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

List of Trucking Companies for Owner/Operators and Company Drivers

 

Click below to find Trucking Companies in the United States:

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

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

 

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

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

 

 

 

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http://businessreceivablefactoring.org

 

 

factoring and commercial finance industry

 

Best Factoring Companies-Businessreceivablefactoring.Org

 

 

 

How To Get More Profit From Your Receivables

 

"

�So, this is not a loan?� Howard Nelson asked as he leaned back in his chair, crossing his legs. The woman who sat across the desk smiled and shook her head.�No, not exactly,� she said.Howard was the owner of a small trucking company which had fallen on some hard times recently. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Theodore. His company was called Butler Trucking, named after both of his grandfathers, Eddie and Brad. They had both been hardworking men, and had done a lot to make Howard the same.Disaster had struck half a year ago, when two trucks in Theodore�s fifteen truck fleet went down. One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. The financial security of Theodore's company relied on his full fleet on fifteen being on the road, and missing two trucks was just devastating . Furthermore, buying a whole new truck and fixing the other simply took more cash than Howard had on hand.A big problem a lot of trucking companies came across was how bills were paid in the industry. You could go a month or more before bills were completely paid off. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Howard was an excellent business man, and he certainly hadn't done anything wrong. 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. Howard knew she was employed by a Factoring company and that her name was Kristina. Howard had come across her company as he sat in his office late one night, pouring over the internet for some solution to his problem long after his employees had gone home.She sat there now, and explained. �It�s not a loan, we purchase your accounts receivable. We aren�t giving you money to be paid back later, we�re buying something from you, and you can buy it back when you can. This is a win-win situation: we are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Howard nodded. It sounded perfect - perhaps too good?.The woman laughed. �You look like you don�t believe me,� she said.�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.�Kristina nodded. �Yes, we get a lot of that. There's no way we want to see you lose your business. You work hard, you�ve put everything you can into it. Sometimes you need help. That's why we do what we do.""In any case, thank you for coming to see me.""No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� said Kristina with a smile. �Let's work out a solution to your problem.�And with that they set about making a profile.

 

Howard completed the form, with Kristina offering advice as needed.

 

The profile filled Kristina and her company in on Theodore�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. As Howard completed his form, Kristina listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Kristina took it and slid it into her briefcase. Standing up, she reached over the desk and shook Theodore's hand. He also stood up, and they smiled at each other. They said their goodbyes and Howard 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 leaned back and closed 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 Kristina and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The 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 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 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 half a year off, and in that time he thought to start Butler Trucking. So he did it. 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 didn�t think he had it in him, to save this company. But giving up wasn't part of his personality either.

 

The idea of cutting his losses, shutting down, laying off his workers, it actually made him sick some nights. He didn�t know how to say quit.And now, because of factoring, he was sure he wouldn�t have to. Theodore's eyes opened, he sat forward in his chair and turned on his computer. He had things to do. He could be thankful later, for now, it was time to work.

 

"

 

 

 

 

More Factoring Services For Trucking Companies -Articles

Best Factoring Companies-Businessreceivablefactoring.Org

 

 

 

Freight Broker Factoring

 

"

Collins Truck and Haul has been in business since the mid 1980s. For more than twenty years they've been delivering goods for most major industries in the nation, with business booming as they traversed the country, in all kinds of weather, for all kinds of clients. During the heady times from 2002 to 2007, Collins was a top rated accounts receivable mastermind of the trucking industry. Very few customers were behind on their bills, and those customers who were late turned in their overdue payments within an acceptable time frame. Times were great for everyone, and the cash was flowing.It was just one year later, in 2008, when the economy in the United States took a sharp decline, and both large and small businesses started to notice the squeeze on their pocketbooks: everyone had suddenly gone silent. Business slowed down. And worse yet, Collins 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. And as spring turmed to summer and summer into the early days of fall, Roger Phillips, CEO of Collins felt a chill go down his spine whenever he would look at the weekly A/R 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 something wrong or different when it came to reaching out to delinquent accounts? By his bookkeepers records, this wasn't 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 Collins money had jumped ship and decided to leave him holding the bag.

 

. They could not afford to pay him their debt, but they could afford a lesser service, maybe. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. The had just gone!.This current state-of-affairs was causing Roger Phillips to have some very restless nights. There were goods to ship, employees to pay, trucks to repair and maintain, and continuous overheads that were very extensive when compared to the funds (or lack of) that were incoming. At night he would speak to his wife Diane and shake his head in frustration.

 

""Lin, I have a really bad feeling,"" he would say with deep woe.""What could you do differently?"" she would say.Roger would stare off for a moment and then close eyes. In his mind he could clearly see the fleet of trucks purchased over the many 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 could cause this ultimate death spiral of business?""I think I know what it could be,"" Roger said. ""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.

 

""Roger knew very well that Diane was only trying to help, but his responsibilities weighed heavily on his shoulders and he knew he had better do something soon to resolve this situation.The next day Roger strolled into his office and was determined to sit down and make every phone call to every client who had owed Collins 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. 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 Roger 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 Wilmaerley knocked at his door.

 

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

 

""Of course Wilma, please come in."" Roger relaxed back into his chair and looked up at Wilmaerley.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Roger."" She pulled a small stack of papers from a folder and set them on the desk before him.""Have you ever heard of factoring?"" Wilmaerley asked.""It sounds vaguely familiar. What is factoring""? he asked.""Well,"" she began, ""It�s actually quite simple really.

 

So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Roger interrupted ""Immediately?"".""Yes, immediately,"" she continued, ""In a nutshell, it is pretty easy. We start by having a professional account manager review our figures and help us set up a company profile. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It�s a broad view.""I see,� Roger said. �And then what?""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. 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.�Roger was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""I do not know, Wilma - it just sounds too good to be true"", Roger said quietly.""Yes, I know; that's exactly what I thought at the beginning. But really, they have guaranteed us experts that do all the legwork, which would free us up here to focus on our clients in good standing and marketing, all that good stuff. And they're flexible Roger,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" he asked.""It seems that they personalize their factoring charges so that the amount they're prepared to work with is commensurate with our client's debt and our needs. It only takes 2 to 4 days for this to be figured out. ""It does all sound pretty good, remembering that we are all tapped out now with loans from the bank last year to repair vehicles, and we all know just how tight money is. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" Roger said.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. This could very well be the answer to resolving the problems we are having with these clients who still owe us money.""Roger took a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Collins Truck & Haul were professional resources of the company, but they were also long-standing friends. Roger wasn't prepared to lose these relationships just because they were having financial issues at the moment. Roger knew only too well that the whole economy was floundering, and that it was not going to change overnight. That unknown amount of time could create a disaster situation for both of them if he wasn't careful in how these debtors were handled. 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 Wilma, thank you."" Wilma nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Roger keep the shirt on his back, and possibly hers too.Roger 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 Collins Truck & Haul with? With his pencil gliding down the sheet he noticed that the factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. In fact, Collins could receive up to fifty-percent cash advances upon load pick-ups. Roger 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 Roberto about this,"" Roger muttered to himself.His son-in-law Roberto had liked the idea of Collins so much and revered his father in law for having such business acumen that only two years before, he had gathered the venture capital to begin his own transportation service company. At that time Roger knew the struggles Roberto would face, but he still encouraged him to follow his dream. With the faltering economy, if a big fish like Collins was hurting, a little guy like Roberto was about to catch his death. But, an antidote may have been found in freight factoring and Roger was soon 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, Roger found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.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. Roger recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. If Roger hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

 

 

 

 

 

More How To Get More Profit From Your Receivables-Articles

 

 

Best Factoring Companies-Businessreceivablefactoring.Org

 

 

 

Transportation Factoring Trucking

 

The reason why Truck Firms Utilize Factoring Companies.

 

As the owner of your own business enterprise, you may be much more than wary already of the challenge in making sure that capital issues do not become a difficulty down the line. After all, the most unfortunate thing that can in all probability occur for your enterprise is to find yourself embroiled in a long and hard condition that leaves you forever trying to find the money you necessitate on an continuing manner.

 

For any type of business enterprise in this instance, the problem can come for waiting for work to clear up and actually be paid out into your bank account. Statements, checks, and the like can take a while to actually to be taken care of which may leave you with temporary available resources issues. Thankfully, there are options out there for industries to explore-- and just one of these is factoring companies.

 

Factoring companies will, in trade for your statements, grant you with the money right away to ensure you do not have to stress over the waiting period which could make paying off the bills and getting toolsmore hard. With this type of setup, invoice factoring can come to be remarkably helpful for many businesses who ought to get out of a cash trap which they have found themselves in.

 

Since, basing on the volume of the task, it can take up to 60 days for many enterprises to get compensated then it is critical to cover up your own back and not leave yourself resources short to pay the expenses. After all, how many enterprises have two months income just occupying there to pay for all their expenditures until they earn?

 

This is primarily true of trucking companies. They have the tendency to handle great deals of statements which means a considerable amount of collection time demands company owner themselves. Striving to get paid promptly can develop into an extraordinary trouble and this is precisely why you utilize trucking factoring companies who are delighted to help out truckers exclusively.

 

As most of us know, trucking is an remarkably big industry with many companies out there working with hundreds of operators. However, plenty of these drivers end up in finances predicaments due to the fact that they are still waiting for work from six weeks in the past to actually pay them. When this is the situation for a trucking agency, choosing factoring providers for aid may be the very best alternative left.

 

This indicates that a trucking business can provide the paychecks of the people, keep all the vehicles topped off with fuel and continue to surmount, develop and expand without constantly waiting for the cash which is taking too long to come in. Trucking Companies working without a factoring program implemented are leaving themselves at notable hazard, as contenders cash out rapidly and proceed to expand.

 

There's genuinely almost nothing to be stressed about when it comes to making use of a Factoring establishment-- they typically are not like a banking company or an individual who is going to leave you with a big mound of financial obligation to pay back. You give them legitimate invoices from work you have already accomplished , you are merely facilitating the payment process.

 

In the United states of America, where trucking enterprises thrive, factoring agencies are not considered borrowing in any capacity. This confidential contract then allows both parties to benefit and indulge in a worry-free future-- it provides the factoring agency a secured asset of earnings to add to the list and it provides the trucking company the needed funds that they sweated to generate.

 

The trucking establishment presents their invoices to the factoring business. The trucking factoring provider then acquire the payments from the trucking company's clients. Factoring has been all around for hundreds of years and has been used for long times by many different business sectors-- but none more so than truckers. While you could miss out on a small part of the money, something like 1-3 % depending on who you partner with, it implies that you are receiving the funds today and can actually start off putting the money to do work.

 

Anyway, an IOU or an invoice is not actually going to fund overheads, is it? For trucking companies when the money can be very good one day and gone the next, it is up to the vehicle drivers to work sensibly and to ensure they are leaving themselves with a substantial volume of time and finance to get through the week up until they are paid once more.

 

So the next time your trucking business is enduring some temporary cash flow issues and you are investing excessive time chasing slowly paying clienteles, why not begin considering making use of a factoring companies as a method to get your finances and give yourself a more convenient future in the eyes of your trucking staff and your bank balance?

 

 

 

 

 

 

 

More Transportation Factoring Trucking -Articles

 

 

 

Santa Clarita Factoring Companies

 

 

 

Best Factoring Companies-Businessreceivablefactoring.Org

 

 

 

Trucking Factoring Companies Reviews

 

The Future of a Trucking Company, and Factoring Jeff Ortiz let the phone ring on his desk. His morning coffee cooled and his cigarette smoked away in the tray: Jeff is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Ortiz 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 Jeff's father had started this business working as an owner-operator and eventually growing Ortiz Trucking Company into a fifteen trailer fleet. There had been some hard times when it seemed everything was going to go under and even Jeff�s mother strapped herself into a cab to make hauls. His father had lived long enough to witness the price of hires drop during the recession and watch the eruption of fuel prices afterwards. But now things were different: the company was in Jeff'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. 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, Ortiz Trucking looked weak in a very strong market.

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Jeff allowed himself a good hard chuckle. He remembered when his father was totally against installing GPS units in the cabs. He would say, �Why do you need the voice of some woman to tell you to get off at an exit that has been the same exit that has been there for years?� 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). 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.

 

Jeff believed a successful man is always thinking of his next step. What would be the next step for Ortiz Trucking? And how would he be able to afford it? Business funding was tied up in fuel bills and the mortgage for the garage and office. Thankfully he'd just finished paying off the bank loan for the installation of satellite radio in the trucks.

 

He wondered about factoring - was this the answer for him? 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 Jeff 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. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! He'd even heard about some companies putting you onto a sliding percentage scale regardless of any previously signed contracts for possibly 3% or 7%, and there you are now with 10% coming as a charge to you out of the freight bill. His friend Ronnie who had a trucking business in Missouri, was run nearly into the ground by a factoring company that charged him the full freight bill on top of the factoring fees. Well, what was the point of going to a factoring company if there was shady business like that going on?

 

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

 

It was really refreshing dealing with the factoring people. They were 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 didn�t worry over his credit and the debt troubles his father had had in the past of the company. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Jeff 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 wouldn�t think poorly of Ortiz Trucking and the factoring companies appeared capable of handling the accounts receivable in the same polite manner that his father had used over the years.

 

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

 

 

 

 

 

 

 

More Trucking Factoring Companies Reviews -Articles

 

 

 

 

 

 

 

 

Santa Clarita Factoring Companies

 

 

 

 

 

 

Best Factoring Companies-Businessreceivablefactoring.Org

 

Freight Invoice Factoring

 

Date Published- 2014- 08-03 Trucking Invoice Factoring Companies

 

"

Traditional Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. 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. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Of course, once that loan has been re-paid, you can always re-apply for another loan.

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies do not offer loans, and you do not go into debt when you get money from a Trucking Factoring company. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. The Trucking Factoring company purchases your accounts receivable, or part of them, for a certain percentage of their value - this is normally about 80-95%. The amount of 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.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. 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. This has many benefits including the fact, that this type of financing will not affect either your business credit rating or your personal credit rating. 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 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. 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 means that it is easier for new businesses to access the finance they need through a Trucking Factoring company, providing their accounts receivable are in good order. A bank may believe you haven't been in business long enough to be able to cover this risk.

 

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

 

4.Interest is Paid 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. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The most important benefits is that once you sell your accounts receivable to the factory company, you do not have to take time away from running your business to collect the money owed from reluctant to pay customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very efficient at debt collecting, and this frees up your valuable time to devote to running your company.

 

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

 

"
Best Factoring Companies-Businessreceivablefactoring.Org

 

 

 

factoring and commercial finance industry

 

 

More Trucking Factoring Companies Reviews -Articles

 

 

 

"

Traditional Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. 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. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Of course, once that loan has been re-paid, you can always re-apply for another loan.

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies do not offer loans, and you do not go into debt when you get money from a Trucking Factoring company. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. The Trucking Factoring company purchases your accounts receivable, or part of them, for a certain percentage of their value - this is normally about 80-95%. The amount of 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.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. 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. This has many benefits including the fact, that this type of financing will not affect either your business credit rating or your personal credit rating. 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 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. 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 means that it is easier for new businesses to access the finance they need through a Trucking Factoring company, providing their accounts receivable are in good order. A bank may believe you haven't been in business long enough to be able to cover this risk.

 

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

 

4.Interest is Paid 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. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The most important benefits is that once you sell your accounts receivable to the factory company, you do not have to take time away from running your business to collect the money owed from reluctant to pay customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very efficient at debt collecting, and this frees up your valuable time to devote to running your company.

 

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

 

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Sale Receivables

 

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