Contact Us Form

or Call Us At 866-593-2195

Email Us






















































































































































































Home page

The Most Expensive Mistake of Your Life -
Our Staffing Factoring Companies
Can Give
Your Truck Company
The Money You Want



freight factoring companies california

truck driver factoring

truck factoring calculator

trucking and factoring

Invoice Factoring is useful for a number of factors. It enables a trucking company to raise cash without acquiring new financial obligation. While debt is often needed, the majority of truck companies would choose to raise cash without obtaining money. Financial obligation is high-risk, and when it can not be repaid, properties can be repossessed. If the debt is big enough, it could even force a truck companies out of business.

161 New Ways to Finance Your Company - in This fascinating - Choose 

A Trucking�Factoring Company  Instead Of A Typical Bank Financing

How to Increase Cash 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 money flow.

Cash flow does not have to be an issue any more. Do not be deceived -- banks are not the only locations you can get financing. Other options are offered and you do not have to borrow. Exactly what is trucking factoring ? One solution is called staffing factoring companies. Truck Factoring is the procedure of selling accounts receivable to an investor rather than waiting to collect the money from the customer. Oh, the Irony- Truck factoring has a paradoxical difference: It is the monetary backbone of many of America's most effective businesses. Why is this paradoxical ? Because factoring is not instructed in business colleges, is rarely mentioned in business plans and is fairly unknown to the majority of most of American business people.

Yet it is a financial process that releases up billions of dollars every year, enabling countless businesses to grow and succeed. Commercial Factoring has been around for thousands of years. Receivable Financing 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 to pay in the near future. Factoring Principals--Although factoring deals solely with business-to-business deals, a large portion of the retail business uses a factoring principal. MasterCard, Visa, and American Express all utilize a form of factoring in their retail deals. Utilizing the purest meaning of the word, these large consumer finance business are really just big Accounts Receivable Factoring Companies of consumer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The shop makes money practically immediately, although you do not make payment up until you are prepared.

For this service, the credit card company charges Sears a charge (typical common normal charges vary from 2 to four percent of the sale). The Benefits Factoring can provide numerous benefits to cash-hungry business. Instead of waiting 30, 60, 90 days or longer for payment on an item that has actually already been provided, a company can factor (sell) its receivables for money at a small discount off the amount of the invoice. Payroll, marketing efforts, and working capital are just a few of the business requirements that can be satisfied with instant  money.

Staffing Factoring Companies offers the ways for a producer to renew stock and make more products to offer: There is no longer a requirement to wait for earlier sales to be paid. Receivable Loan Financing is not just a cash management tool for manufacturers: Practically any kind company can benefit from FACTORING. Typically, a business that extends credit will have 10 to 20 percent of its yearly sales tied up in invoices at any given time. Think for a moment about exactly how much is tied up in 60 days' worth of invoices: You can not pay the power bill or today s payroll with a customer s invoice, but you can sell that invoice for the money to meet those responsibilities. Using truck factoring companies is a quick and simple process. The factor buys the invoice at a price cut, typically a few portion points less than the face value of the invoice.



Please call our
truck factoring experts at
1 - 888-239-9162

E-mail Us

or complete the

Trucking Factoring Request Kind


The United states Truck Organization
states that there around
205,000 employees with freight trucking
companies and
250,000 personal companies trucking
companies accredited to
run in America that carried,
according to their most current listings of millions of
items, supplies and
standard materials .
There are a number of usual
providers either going solo or in
teams on our nation
roadways carrying these
important items to our
stores, manufacturing facilities and shipping ports.

Plusfreight factoring
corporations service
countless of them and offer their
factoring services
nationwide 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



Watch Our Trucking Factoring YouTube Videos For More Information


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

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

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


Life of a Truck driver, like many other professionals can be very challenging, rewarding, and frustrating at the same time. �The Truckers� 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 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 andbenefits offered. Search current driving jobs and fill out the EZ truck driver application customized for cdl trucking jobs


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

The combined revenue of the 50 largest motor carriers rose to $106.6 billion last year, according to The JOC Top 50 Trucking Companies list, based on data prepared by SJ Consulting Group in Pittsburgh. 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 andbenefits offered. Search current driving jobs and fill out the EZ truck driver application customized for cdl trucking jobs 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 andbenefits offered. Search current driving jobs and fill out the EZ truck driver application customized for cdl trucking jobs




Ward Truck & Haul have been operating their business since the mid 1980s. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the heady times from 2002 to 2007, Ward 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.But a short year later, in the fall of 2008, when the United States economy took a nosedive and businesses both small and large began to feel the pinch on their pocketbooks, those that used to make their demands had suddenly and largely gone silent. Business slowed down. And worse yet, Ward 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 Ward, Benjamin Bailey, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The numbers of clients who owed him back debt were growing.He had already been to the administrators to ask what the actual problem was. Were they doing something wrong or different when it came to reaching out to delinquent accounts? When checking his bookkeeper's records this was definitely not the case. Perhaps he was losing his customers to his competitor, who seemed to offer very low prices with no guarantee of quality or performance, and these clients who were in debt to his company had possibly disappeared leaving him stranded. They couldn't afford to pay him their debt, but they could afford a lesser service, maybe. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Ward hadn't gone elsewhere. They had just gone home.The situation looked dire to Benjamin Bailey. Benjamin was very concerned, because there were constant overheads, goods to ship, employees to pay, and trucks which needed to be maintained, but there just wasn't the money coming back into the business. In the evenings he would discuss his concerns with his wife, Janice, and still find no relief from the worry and frustration.


""Lin, I have a really bad feeling,"" he would say with deep woe.""What could you do differently?"" she would ask.Benjamin 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 on the road, delivering good to all his loyal customers. But somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. What could cause this ultimate death spiral of business?""I think I know what it could be,"" Benjamin said. ""For way too long I've been relying solely on profits received from invoices. I've let too many of our customers go too long without paying on their bills."" Linda could only grab her husband's hand and look at him lovingly, ""It's a hard economy. It might be awhile until things get settled up.


""Janice was trying so hard to support her husband in these worrying times, while Benjamin was weighed down with the worry of how he was going to handle this situation he found himself in.The following day Benjamin walked into his office with a spring in his step, determined to call each and every client who owed money to Ward Truck & Haul. This wasn't really a very efficient way for a Chief Executive to spend his day, and Benjamin 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. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. A waste of time - a waste of money - he had the best intentions, but all the while Benjamin 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 Marionerley knocked at his door.


""Can I have a word with you Benjamin?"" she asked standing in the doorway.


""Of course Marion, please come in."" Benjamin leaned back in his chair and looked expectantly at Marionerely.""Well Benjamin, this afternoon I did some research, trying to work out how we're 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 of factoring?"" she asked.""It does sound 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.""Benjamin interrupted ""Immediately?"".""Immediately, yes"" she added, ""It's 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�s a broad view.��Benjamin replied cautiously ""I see - and what happens then?��Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. There�s a lot of flexibility depending on the business volume and credit histories. This company tells us what the cost will be to purchase factoring for our accounts receivable. Once we arrive at a mutual agreement, the funding begins.�Benjamin leaned forward and reviewed the paperwork closely.""I don't know, Marion - it just sounds too good to be true"", Benjamin said quietly.""Yes, I know; that's exactly what I thought at the beginning. But think about it, Benjamin: they've guaranteed that experts will do all the paperwork, and that will free us up to do what we should be doing - focusing on our customers in good standing, and that kind of stuff. And they're flexible Benjamin,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked Benjamin.""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. """"It does all sound pretty good, remembering that we're 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,"" Benjamin said.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. I think this might just be a way out of the trouble we're in with these folks who owe us money.""Benjamin thought about this and agreed with Marionerley. The clients who owed them money were long standing friends and professional resources of Ward. They didn't want to throw away these relationships because they were having trouble paying their bills now. Benjamin knew that the economy had taken a hit and he knew that it would probably be a long time before things started to look up again. That unknown amount of time, if he handled these debtors incorrectly, could spell disaster for both of them. He didn't want to lose business but he also didn't want to lose any more money.""Well, let me think about this tonight Marion, thank you."" Marion nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Benjamin keep the shirt on his back, and possibly hers too.Benjamin sat behind his desk and looked over the details Marion had not mentioned in their meeting. He wondered if there might be other problems freight factoring could help Ward 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, Ward 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.""Well, I'll have to tell Dale about this,"" muttered Benjamin to himself.His son-in-law Dale had liked the idea of Ward 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 Benjamin knew the struggles Dale would face, but he still encouraged him to follow his dream. With the faltering economy, if a big fish like Ward was hurting, a little guy like Dale was about to catch his death. Perhaps the antidote to these problems was in freight factoring, and they were about to find out.Some months later, having successfully gone through the entire process of the application, having experts study his credit history and statements and review his accounts receivable, Benjamin found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.They adopted reasonable factoring purchase contracts and stopped wasting their own precious time trying to collect debts. They took that time and refocused effort to offering competitive prices in new territories. Benjamin recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. If Benjamin hadn't discovered freight factoring at just the right time, his business may not be operating today.





More Trucking Factoring Companies Story Articles


The Future of a Trucking Company, and Factoring Bobby Jenkins 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. Jenkins Trucking Company was at a turning point of growth and Bobby had to decide if signing with a factoring company was the right way forward.


More than forty years ago Bobby's father had started this business working as an owner-operator and eventually growing Jenkins Trucking Company into a fifteen trailer fleet. There had been some hard times when it seemed everything was going to go under and even Bobby�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. Now the company was solely in Bobby�s hands and he wanted to live to see it in better 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. 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, Jenkins Trucking looked weak in a very strong market.


He knew what his father would have said - 'wait, take your time before adding new technology'. Bobby chuckled, thinking about his father. His father had been against placing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� Also his father had the habit of teasing all the drivers he caught switching into automatic even though driving in automatic was much more efficient though not manly in his father�s eyes. He knew his father's days were long gone and new technology was very important for the business, like having Qualcomm to reduce communication time for bills of lading.


Bobby believed a successful man is always thinking of his next step. How would he take Jenkins 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. He just finished paying off the small bank loan for installing satellite radio in the trucks for the guys.


But was factoring the answer? If he was being honest, he didn't 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 this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. In those 30 days, a trucking company can�t pay its bills and employees in invoices.


Bobby had to really consider what his next step was going to be. Bobby had heard that there were companies that charged for same day money transfers and would only advance a percentage of the money owed to your company while holding the rest in a private account if they didn�t get their bill payment within 60 or so days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His colleague, Ronnie, who owned a trucking company in Missouri, was nearly destroyed by a factoring company who charged him the full freight bill on top of the fees for factoring. 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 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 wouldn't 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. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It was good money.


It was really refreshing dealing with the factoring people. They were extremely helpful and more personable than the bank staff. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies were not interested in his credit nor the financial problems his father had experienced in the past. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Bobby 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 Jenkins 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, Bobby 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, Bobby could actually expand Jenkins 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 wouldn't be inheriting a financial mess.





Watch Our Trucking Factoring Videos For More Information










Trucking Factoring  Articles

�So It is not a loan?� Chris Snyder asked as he leaned back in his chair, crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she said.Chris 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 Daryl. He named his business Diaz Trucking, named after Alexander and Glen, his two grandfathers. They had both been hardworking men, and had done a lot to make Chris the same.Disaster had struck half a year ago, when two trucks in Daryl�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 Daryl'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 Chris 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. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Chris wasn�t a bad owner, and he hadn�t messed up. Things had happened that he couldn't 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 Claire and she worked for a factoring company. Chris had come across her company as he sat in his office late one night, pouring over the internet for some solution to his problem long after his employees had gone home.She sat there now, and explained. �it is really not a loan at all: we actually buy your accounts receivable. We 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. 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.Chris agreed. 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 thought I was going to lose my company.�Claire smiled, agreeing. �We get that a lot. Listen, I�d hate to see you lose your company. You work hard, you�ve put everything you can into it. Sometimes you need help. That�s what we�re here for.��Well, I'm very grateful that you came to see me today.��No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� Claire said with a smile. �Let�s see what we can do to help you.�And right there and then they created a business profile. Chris filled the form out, with Claire available to help him if he needed it. The profile filled Claire and her company in on Daryl�s company, and would help them determine if he was suitable for factoring. Unfortunately, not all companies are. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. As Chris completed his form, Claire listened to his story and she felt quite sure he would be the ideal candidate for Factoring.Claire took the completed form and placed it in her briefcase. Standing up, she reached over the desk and shook Daryl's hand. He stood before they shook as well, and then smiled. Chris walked Claire to the door where they said 'Goodbye', then he went back into his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He shut his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. Talking to Claire though, learning about factoring, it felt like a weight had been lifted from his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The sudden panic attacks, not matter where he was. He could feel it all fading away. He 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 still here; he knew this was the right path for him, and he felt proud that he had taken the appropriate steps to sort out his problems.Chris couldn�t help but think back to when he had first started the business. At twenty-two and straight out of school he had opened a restaurant. It had been really successful. Home cooking in his hometown, and he had done very well.But he had gotten bored. He wasn't passionate about the food industry. He thought 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 Diaz Trucking. So he did it. Once again he built 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 about to turn fifty. He was concerned that he just didn't have the energy left to try and save the business. But he couldn�t give up. Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically sick some nights. He didn't want to quit - both for himself and for his staff members.And now it seemed as though he wouldn't have to - all because of Factoring. Daryl's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.





More Trucking Factoring Company Story Articles

Reasons why Trucking Corporations Use Factoring Firms.


As the operator of your own firm, you may be much more than mindful already of the challenge in making sure that cash flow issues do not become a predicament down the line. After all, the most terrible thing that can in all probability develop for your firm is to find yourself embroiled in a long and tough circumstance that leaves you forever looking for the cash you necessitate on an recurring basis.


For virtually any company in this predicament, the challenge can come for waiting for work to clear up and actually be settled into your statement. Statements, checks, and the like can take a while to actually to be taken care of which may leave you with short-term available resources difficulties. Thank goodness, there are opportunities out there for enterprises to explore-- and among these is factoring providers.


Factoring agencies will, in trade for your accounts, offer you with the cash money now so you don't have to worry about the waiting phase that could make paying the expenses and obtaining toolsmore complicated. With this type of system, invoice factoring can become extraordinarily helpful for a lot of establishments who need to avoid a money pitfall which they have gotten themselves in.


Considering that, depending on the size of the work, it can take up to 60 days for a number of business enterprises to get compensated then it's significant to take care of your own back and not leave yourself money short to pay off the monthly bills. After all, how many establishments have two months cash flow just lying there to handle all their costs until they make money?


This is most especially true of truck enterprises. They often tend to manage bunches of invoices which means a serious amount of collection time demands business owner themselves. Seeking to get paid promptly can become an unbelievable difficulty and this is exactly why you employ truck factoring providers who are happy to help out truckers specifically.


As we all determine, trucking is an extremely large industry with lots of agencies out there utilizing hundreds of operators. Unfortunately, quite a few of these drivers end up in money difficulties for the reason that they are still anticipating work from six weeks back to actually compensate them. When this is the condition for a truck organization, consulting factoring providers for aid could be the most suitable option left.


This indicates that a truck company can provide the salaries of the people, keep all the cars filled with fuel and continue to go up, progress and expand without always waiting for the money which is taking too lengthy to come in. Trucking Establishments working without a factoring system implemented are leaving themselves at critical threat, as rivals cash out promptly and carry on to expand.


There's honestly very little to be distressed about when it comes to working with a Factoring establishment-- they usually are not like a bank or somebody who is going to leave you with a massive stack of personal debt to pay back. You give them genuine invoices from job you have already completed , you are only speeding up the payment system.


In the United States, where truck firms prosper, factoring providers are not considered taking on loan in any capacity. This confidential settlement then enables both parties to profit and take joy in a good future-- it provides the factoring agency a warranted asset of money to put into the list and it provides the trucking company the needed funds that they sweated to gain.


The trucking establishment bestows their invoices to the factoring agency. The trucking factoring firm 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 lots of different sectors-- but none more so than truckers. While you may miss out on a small part of the money, something like 1-3 % depending upon who you collaborate with, it indicates that you are obtaining the finances today and can actually begin setting the resources to function.


After all, an IOU or an invoice is not going to cover bills, is it? For trucking agencies when the funds can be great one day and gone the next, it's up to the drivers to work sensibly and to make certain they are leaving themselves with a substantial quantity of time and finance to get through the week until they are compensated again.


So the next period your trucking business is bearing some short-term capital challenges and you are devoting a bit too much time chasing slow paying clients, why not begin looking into using a factoring companies as a method to get your money and give yourself a more worry-free future in the eyes of your trucking workers and your bank balance?








Bank Loans


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


Benefits of a Trucking Factoring Company Vs. A 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. You Won't Incur Debt. You don't incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating won't be affected. Should the unforeseeable happen and your business fails, you won't have to worry about anyone coming after your personal as well as your business assets to pay off a loan. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.


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


4.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 don't 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 don't have to worry about the building up of interest, as every penny in the account is yours to spend on the business.


As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The most important benefits is that once you sell your accounts receivable to the factory company, you don't 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.


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





Accounts Receivable Buyers


Accounts Receivable Factor


Accounts Receivable Factoring


Accounts Receivable Factoring Companies


Accounts Receivable Factoring Rates


Accounts Receivable Financing


Accounts Receivable Financing Companies


Accounts Receivable Financing Rates


Accounts Receivable Lending


Accounts Receivable Loans


Best Factoring Companies


Best Factoring Companies For Freight Brokers


Best Freight Factoring Companies


Best Invoice Factoring Company


Best Rated Factoring Companies


Best Truck Factoring Companies


Best Trucking Factoring Company


Business Accounts Receivable Loans


Buy Accounts Receivable


Buy Receivables


Factoring Business


Factoring Companies Brokers


Factoring Companies For Freight Brokers


Factoring Companies For Small Businesses


Factoring Companies Reviews


Factoring Companies Truckers


Factoring Companies Used By Trucking Companies


Factoring Company


Factoring Company Rates


Factoring Financing


Factoring Loan


Factoring Loans


Factoring Receivables Companies


Factoring Services


Factoring Services For Trucking Companies


Factoring Small Business


Find The Best Factoring Companies


Freight Bill Factoring


Freight Bill Factoring Companies


Freight Broker Factoring Companies




Freight Factoring Companies


Freight Factoring Company


Freight Factoring Services


Freight Invoice Factoring


Invoice Factoring Companies


Invoice Factoring Rates


Invoice Factoring Reviews


Invoice Factoring Services


Largest Factoring Companies


List Of Factoring Companies


Medical Factoring Companies


Medical Staffing Factoring


Oilfield Services Factoring Companies


Oilfield Factoring Companies


Oilfield Services Factoring


Receivable Factoring


Receivable Factoring Companies


Receivable Factoring Rates


Receivable Loan


Receivables Factoring


Receivables Factoring Companies


Receivables Factoring Rates


Receivables Factoring With Recourse


Reviews The Best Factoring Company For Trucking


Sale Of Accounts Receivable


Sale Receivables


Sell Account Receivables


Sell Receivables


Sell Your Accounts Receivable


Staffing Factoring


Staffing Factoring Companies


Staffing Factoring Companies


Top Factoring Companies


Top Invoice Factoring Companies


Top Rated Factoring Companies


Transportation Factoring


Transportation Factoring Trucking


Truck Factoring Companies


Trucker Factoring


Trucking Factoring Companies