Contact Us Form

or Call Us At 866-593-2195

Email Us





































































































































































































































Home page

How You can Get a Quick Loan of $50,000 -
Our Factoring Receivables Companies
Can Provide
Your Freight Company
The Cash You Want



factoring services for trucking companies

freight factoring companies california

factoring trucking receivables

factoring transportation brokers

Medium-Size freight brokerage businesses, specifically those who have not been around for extremely long, will commonly find it challenging to protect a loan. Banks are commonly hesitant to lend cash to businesses that don't have a great deal of income and possessions. They also want evidence of the viability of a company and thus need that a lot of operations, specifically little ones, been around for a particular amount of time prior to they want to turn over any cash. Due to the fact that of this, a medium-size business frequently has a couple of money producing alternatives when needs occur. One option readily available, however often neglected, is invoice factoring. This is an outstanding method for a medium-size business to acquire cash.

To Companies Who Want To Write - but Can't Get Started - Pick 

A Freight�Invoice Factoring Company  Instead Of A Typical Bank Funding

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

At one time or another, every company, even effective ones, have experienced poor 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 funding. Other solutions are available and you do not have to borrow. Exactly what is trucking factoring ? One option is called factoring receivables companies. Trucking Factoring is the procedure of selling invoices to a financier rather than waiting to collect the cash from the customer. Oh, the Irony- Trucking factoring has an ironic distinction: It is the financial backbone of many of America's most effective companies. Why is this paradoxical ? Because staffing factoring is not instructed in business colleges, is seldom mentioned in business strategies and is fairly unidentified to the majority of most of American business people.

Yet it is a financial process that frees billions of dollars every year, allowing countless businesses to grow and succeed. Staffing Factoring has actually been around for countless years. Commercial Factoring Businesses 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 client has to pay in the near future. Factoring Principals--Although factoring offers solely with business-to-business deals, a large portion of the retail company utilizes a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail transactions. Utilizing the purest definition of the word, these big consumer finance business are really simply large Trucking Factoring Businesses of consumer paper. Consider it: You 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 prepared.

For this service, the charge card business charges Sears a charge (typical common normal charges range from two to four percent of the sale). The Benefits Factoring can offer numerous advantages to cash-hungry business. Rather than wait 30, 60, 90 days or longer for payment on an item that has already been delivered, a business can factor (sell) its receivables for cash at a little price cut off the amount of the invoice. Payroll, marketing efforts, and working capital are simply a few of the business needs that can be met with instant  money.

Factoring Receivables Companies offers the means for a manufacturer to renew inventory and make even more products to offer: There is no longer a need to wait for earlier sales to be paid. Receivable Loan Financing is not simply a cash management tool for manufacturers: Almost any kind company can take advantage of Receivable Loan Financing. Generally, a business that extends credit will have 10 to 20 percent of its annual sales bound in invoices at any given time. Think for a moment about 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, however you can offer that invoice for the money to satisfy those obligations. Using trucking factoring companies is a fast 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 Transportation Association
states that there around
205,000 workers with freight trucking
firms and
276,000 private service providers trucking
firms licensed to
operate in the U.S. that transferred,
according to their newest listings of millions of
products, materials and
standard products .
There are numerous typical
providers either going solo or in
teams on our nation
roads transferring these
crucial products to our
stores, manufacturing facilities and harbors.

Plustrucking factoring
businesses aid
several of them and offer their
accounts receivablesfinancing services
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



View Our Freight Factoring Companies YouTube Videos For More Information


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


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


Searching for the right trucking companies to move your freight can be tough, with the large amount of local, regional, and national truck carriers out there. FreightCenter helps make freight shipping simple, finding you the safest, reliable trucking companies every time you ship. Our 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 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.


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.




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


. And worse yet, Ferguson 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, Alex Ford, CEO of Ferguson 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. Perhaps he was losing his customers to his competitor, who seemed to offer very low prices with no guarantee of quality or performance, and these clients who were in debt to his company had possibly disappeared leaving him stranded. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Ferguson hadn't gone elsewhere. They had just gone home.This current state-of-affairs was causing Alex Ford to have some very restless nights. Alex 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. After work he would confide in his wife, Bertha, and neither were unable to stop the constant worry over the lack of funds.""I have a bad feeling, Lin,"" he would say with deep woe.""Well, what do you think it is?"" she would say.Alex 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 on earth was happening to create the death of his business?""I know what it is,"" Alex 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."" Bertha would look at her husband lovingly, and holding his hand would say 'It's such a harsh economy these days and our clients must be having difficulty meeting their responsibilities'.""Alex knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds.The following day Alex walked into his office with a spring in his step, determined to call each and every client who owed money to Ferguson Truck & Haul. 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. Wasting money, wasting time - even with the best of intentions, Alex knew that he was in trouble.


Poor Alex spent the whole morning trying in vain to contact his debtors: they promised to call back, dodged his calls, or made small interest-only payments. He was beginning to feel quite despaired when his secretary knocked on his door.


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


""Sure thing Viola, come on in."" Alex relaxed back into his chair and looked up at Violaerley.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Alex."" 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?"" Violaerley asked.""It does sound vaguely familiar. What is it?"" he said.""Well,"" she began, ""It�s actually quite simple really.


Basically, factoring invoices means that we would get paid immediately for the loads we haul.""""Immediately?"" Alex interrupted.""Immediately, yes"" she added, ""It's actually very simple. We can have an expert account manager review our numbers and help us complete a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It provides a very broad view.��Alex 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. The company will advise us the cost to purchase factoring for our company's accounts receivable. Once we arrive at a mutual agreement, the funding begins.�Leaning forward, Alex studied the documents very closely.""I don't know, Viola - it just sounds too good to be true"", Alex said quietly.""Yes, I know; that's exactly what I thought at the beginning. But think about it, Alex: 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 Alex,"" she underlined a paragraph on the paper before him.""How flexible?"" asked Alex.""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. """"That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. It's imperative that we keep the business rolling as usual, and every day we go unpaid we're getting closer and closer to dealing with some serious issues in both the short term and the long term,"" said Alex.Alex took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Exactly�. This could very well be the answer to resolving the problems we're having with these clients who still owe us money.""Alex thought about this and agreed with Violaerley. The customers who were in debt to Ferguson Truck & Haul were professional resources of the company, but they were also long-standing friends. They didn't want to throw away these relationships because they were having trouble paying their bills now. Alex knew only too well that the whole economy was floundering, and that it was not going to change overnight. If he didn't handle these debtors in the right way, that unknown amount of time could spell disaster for all 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 Viola, thank you."" Viola nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Alex keep the shirt on his back, and possibly hers too.Alex 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 Ferguson 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, Ferguson could receive up to fifty-percent cash advances upon load pick-ups. Alex was a typical business man: he despised binding contracts that didn't allow room to breathe, so he was pleasantly surprised to see that the factoring company didn't require a long term contract, that there was no minimum volume required, and that there were no sign-up fees.""I must tell Carlos the good news,"" muttered Alex to himself.Carlos is Alex's son-in-law, and he really admired the ideas behind Ferguson, so much so that only two years before he had started his own transportation service business. Alex knew then what struggles Carlos would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Ferguson was hurting, a little guy like Carlos was about to catch his death. But, an antidote may have been found in freight factoring and Alex 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, Alex 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 used that time to refocus their efforts in being competitive in new territories. Alex looked back on the dismal months of life before freight factoring and almost shuddered at the thought. Had he missed the boat on this one, he probably wouldn't be in business today.





More Trucking Factoring Companies Story Articles


The Future of a Trucking Company, and Factoring The phone was ringing on his desk, and Dennis Carter just sat there letting it ring. 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. Carter Trucking Company was at a turning point of growth and Dennis had to decide if signing with a factoring company was the right way forward.


More than forty years ago Dennis's father had started this business working as an owner-operator and eventually growing Carter Trucking Company into a fifteen trailer fleet. Yes, they had survived some very difficult times when it appeared like they might go under, and even Dennis's mother had jumped into the cab at times to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. But now things were different: the company was in Dennis's hands and he needed to ensure that this business would be left in great shape for his sons.


To move Carter Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. He had employees to pay. They all have families and the usual household bills. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requests for loads of agricultural and energy equipment. Every time he had to turn down a request, Carter Trucking looked weak in a very strong market.


His father would have told him to wait and to take his time adding on new technology. Dennis 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.


Dennis believed a successful man is always thinking of his next step. What would be the next step for Carter Trucking? More importantly, how could he afford it? Funding was all tied up in the mortgage for the office and garage and in the fuel bills. Thankfully he'd just finished paying off the bank loan for the installation of satellite radio in the trucks.


He wondered about factoring - was this the answer for him? If he was being honest, he 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. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. The factoring company gives the trucking business its payment right away which allows the business to have continuous cash flow so it can pay employees, buy fuel, and make repairs for upcoming hauls. Without the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. During those thirty days the trucking company can't pay its employees and bills with invoices.


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


But it turned out to be quite easy. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. 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. He liked the idea of a long term commitment so he knew he wouldn�t have to bother going back and forth to different companies and wasting time filing more forms. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It sounded like a great scheme to him.


For Dennis it was quite a relief to be dealing with the factoring company. They were more personable than those loan managers at the bank. It seemed as though those bank people spoke another language, but these factoring guys knew the trucking business and spoke to him like a client, not like a beggar for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Dennis 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 have any problems, nor would they think poorly of Carter Trucking, because the factoring companies handle themselves in such a polite and professional manner, similar to the way his father had managed the business in the past.


Feeling happier now, Dennis stepped out of his office to advise his secretary to expect to receive the contract very shortly from the factoring company. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. He suddenly realized that, with this new cash flow, he could actually expand Carter Trucking Company and who knows, move into Canada, which had always been his dream. He was a happy man again knowing that he had just made a decision which would guarantee the success of his business and his sons wouldn't be inheriting a financial mess.





View Our Truck Factoring Companies Videos For More Information










Trucking Factoring  Articles

�So It is not a loan?� asked Jose Webb, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she said.Jose Webb owned a small trucking company, and his business had recently fallen on difficult times. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Jaime. His company was called Jensen Trucking, named after both of his grandfathers, Jesus and Brett. They had both been hardworking men, and had done a lot to make Jose the same.Disaster had struck half a year ago, when two trucks in Jaime�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. Jose depended on his full fleet, and missing two trucks was devastating . Furthermore, buying a whole new truck and fixing the other simply took more cash than Jose 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. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Jose was an excellent business man, and he certainly hadn't done anything wrong. 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 Olga and she worked for a factoring company. Jose 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.Olga 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.Jose agreed. It sounded good to him, almost too good.The woman laughed. �You look like you don�t believe me,� she chuckled.�No, I do, I just think it sounds a bit too good to be true. I actually thought I might end up losing my business.�Olga smiled, agreeing. �Yes, we get a lot of that. Listen, I�d hate to see you lose your company. We know how hard you work, and that you've invested everything in your business. We all need help sometimes. That's why we do what we do.��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,� Olga said with a smile. �Let�s see what we can do to help you.�And right there and then they created a business profile. Jose filled the form out, with Olga available to help him if he needed it. The completed profile gave Olga and her company all the information they needed on Jaime's business, and with this information they would determine if this business would in fact be suitable for Factoring. Unfortunately, not all companies are. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. As Jose completed his form, Olga listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Olga took it and slid it into her briefcase. She then stood, reached across the desk and shook Jaime�s hand. He stood before they shook as well, and then smiled. Jose walked Olga to the door where they said 'Goodbye', then he went back into his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He leaned back and closed his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. But now, after speaking to Olga and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.All those long, sleepless nights. The terrifying panic attacks that occurred regardless of where he was. Already he could feel all the stress start to drain away. He knew it wasn't over yet and that there was still a way to go, but he could just feel everything start to change for him. He was there, he was on the right path, and he was working to make things right.Jose couldn�t help but think back to when he had first started the business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been successful. Home cooking in his hometown, and he had done very well.But he had gotten bored. His passion didn�t lie with the food industry. He thought long and hard, and then he decided to sell the restaurant. He took six months off, and during that time he decided to create Jensen Trucking. So he did it. For the second time in his short life he created 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 nearing 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 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. Jaime's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. He could be thankful later, for now, it was time to work.





More Trucking Factoring Company Story Articles

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


As the operator of your own business, you may be more than aware already of the hardship in making certain that capital matters do not become a predicament down the line. After all, the most unfortunate thing that can quite possibly occur for your business is to find yourself dragged in a long and challenging situation that leaves you forever looking for the cash you are in need of on an continuous basis.


For any type of business enterprise in this instance, the complication can come for waiting for work to clear up and actually be paid into your balance. Bill of sales, checks, and the like can take some time to actually to beprocessed which can certainly leave you with short-term cash flow issues. Fortunately, there are alternatives out there for enterprises to examine-- and among these is factoring companies.


Factoring companies will, in trade for your statements, supply you with the funds today to make sure that you don't need to fret about the lingering time span that could make paying off the bills and purchasing materialsmore hard. With this style of setup, invoice factoring can come to be extremely practical for a lot of businesses who need to avoid a money lure which they have gotten themselves in.


Since, depending upon the scale of the task, it can take up to 60 days for many businesses to get compensated then it's very important to cover your own back and definitely not leave yourself funds short to settle the bills. After all, how many companies have two months earnings just occupying there to handle all their spendings until they make money?


This is most notably correct of truck agencies. They generally deal with tons of accounts which means a serious volume of collection period demands business owner themselves. Striving to get paid off promptly can end up being an extraordinary struggle and this is exactly why you use truck factoring companies who are thrilled to help out truckers specifically.


As most of us realize, trucking is an amazingly massive field with lots of organizations out there handling hundreds of drivers. Regrettably, many of these drivers wind up in money problems due to the fact that they are still expecting work from six weeks earlier to actually compensate them. When this is the scenario for a trucking organization, depending on factoring providers for reinforcement could be the finest alternative left.


This means that a truck organization can compensate the paychecks of the people, keep all the trucks refilled with fuel and continue to go up, evolve and expand without continually waiting for the money which is taking too prolonged to come in. Trucking Business enterprises operating without a factoring system implemented are leaving themselves at significant hazard, as contenders cash out promptly and continue to expand.


There's genuinely very little to be stressed about when it comes to using a Factoring company-- they aren't like a financial institution or an individual who is going to leave you with a massive stockpile of financial debt to repay. You give them legitimate invoices from work you have already accomplished , you are simply accelerating the repayment process.


In the United States, where trucking firms flourish, factoring enterprises are not considered getting a loan in any capacity. This confidential contract then enables both parties to make money and experience a worry-free future-- it provides the factoring company a warranted asset of income to add to the list and it provides the trucking business the needed cash that they worked hard to earn.


The trucking enterprise bestows their statements to the factoring establishment. The trucking factoring business then receive the payment amounts from the trucking company's customers. Factoring has been in existence for centuries and has been utilized for several years by a lot of varied fields-- but none exceeding so than truckers. While you may well miss out on a small part of the money, something like 1-3 % depending upon who you work with, it means that you are getting the money today and can actually begin setting the cash to function.


Once and for all, an IOU or an invoice is not going to finance spendings, is it? For trucking enterprises when the hard earned cash can be fantastic one day and gone the next, it's up to the drivers to work sensibly and to guarantee they are leaving themselves with a considerable amount of time and finance to get through the week until they are compensated once again.


So the next instance your trucking establishment is having some momentary capital problems and you are putting in way too much time chasing slow paying clienteles, why not start off considering utilizing a factoring businesses as a means to get your money and give yourself a more comfortable future in the eyes of your trucking crew and your bank balance?








Traditional Bank Loans


Finance through a bank loan is the normal, or traditional, way of financing your business. These loans can be a life-saver, but they're not always available to every business. 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.


Trucking Factoring Companies


Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. 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 you have set up Trucking Factoring account it continues as long as you wish it too and the amount of money available to you even can grow as your business grows, giving you the ready cash you need to meet your own obligations.


What Are The Benefits Of A Trucking Factoring Company Versus A Traditional Bank Loan?


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


1. You Won't Incur Debt. Since the Trucking Factoring company actually buys your accounts receivable you don't actually incur debt like you do with a bank loan. This has many benefits including the fact, that this type of financing won't affect either your business credit rating or your personal credit rating. In the event that your business fails, you wouldn't have to be concerned about someone coming after your personal or your business assets in order to pay off a loan. The debt goes onto your credit report with a bank loan, with only one missed payment adversely affecting your business credit: it would also affect your ability to secure insurance, and may reflect on your personal credit rating as well.


2. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you aren't required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable are being offered for financing. This means that it's 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. You'll receive the 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. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.


4.You receive interest up-front. With a bank loan interest continues to build, and this has to be paid the whole time you have a business loan; however with a Trucking Factoring company there is no interest - they take it right off the top by deducting it from the total amount of receivable accounts. So not only are you relieved of those monthly loan payments, but you also 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, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The 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 Company


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