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"

Portland is the largest city in the state of Maine and the county seat of Cumberland County. In 2013, the city proper had a population of 66,318, growing 3 percent since the census of 2000, while the urban area had a population of 203,914. The Greater Portland metropolitan area is home to over half a million people, more than one-third of Maine's total population.Tourists visit Portland's historic Old Port district along Portland Harbor, at the mouth of the Fore River and part of Casco Bay, and the Arts District, which runs along Congress Street in the center of the city. Portland Head Light is located in nearby Cape Elizabeth and marks the entrance to Portland Harbor.The city seal depicts a phoenix rising from ashes, which aligns with the city's motto, Resurgam, Latin for ""I will rise again."" The motto refers to Portland's recoveries from four devastating fires. The city of Portland, Oregon, was named for Portland, Maine.Portland Public Schools is the largest school system in Maine, serving more than 7,000 students. With about 230 restaurants, Portland is believed to have the most restaurants per capita of any city in the United States. Aerial view of Portland Deering Oaks Park with fountain and castle pavilion is located at the point where Interstate 295 meets State Street, Park Avenue, and Deering Avenue.Portland has become Maine's economic capital because the city has Maine's largest port, largest population, and is close to Boston (115 miles to the south). Over the years, the local economy has shifted from fishing, manufacturing and agriculture towards a more service-based economy. Most national financial services organizations such as , and Bank base their Maine operations in Portland. Corp, and Telephone have headquarters here, and Portland's neighboring cities of South Portland, Westbrook and Scarborough, provide homes for other corporations. Since 1867, Co., maker of Beans, has had its main plant in Portland. The plant is considered a local and state landmark.

 

Lewiston is a city in Androscoggin County in Maine, and the second-largest city in the state. The population was 36,592 at the 2010 census. It is one of two principal cities of and included within the Lewiston-Auburn, Maine metropolitan New England city and town area and the Lewiston-Auburn, Maine Metropolitan Statistical Area, which as of 2006 census estimates has a combined population of 107,702. It is also part of the extended Portland-Lewiston-South Portland, Maine combined statistical area, which has a combined population 621,219 as of 2006 estimates.A former industrial center, it is located in south-central Maine, at the falls of the Androscoggin River, across from Auburn. Lewiston and Auburn are often considered a single entity and referred to as Lewiston�Auburn, colloquially abbreviated as L-A or L/A. They have a combined population of 59,647 people. Together, Lewiston-Auburn is somewhat smaller than Maine's largest city, Portland (excluding its own suburbs). Lewiston is home to Bates College, the Basilica of Saints Peter and Paul, the University of Southern Maine's Lewiston-Auburn College, and two significant regional general hospitals: Central Maine Medical Center and Saint Mary's Regional Medical Center.Main St. in Lewiston is US-Route 202, ME-Route 11, and ME-Route 100.

 

Bangor (/'be??g?r/ BAYNG-gor, locally: ['b????g???][]) is a city in and the county seat of Penobscot County in the U.S. state of Maine, and the major commercial and cultural center for eastern and northern Maine. The population of the city was 33,039 at the 2010 United States Census. Bangor is the principal city of the Bangor Metropolitan Statistical Area, which has a population of 153,923, and encompasses all of Penobscot County.As of 2008, Bangor is the third most populous city in Maine, as it has been for more than a century. Bangor is the largest market town, distribution center, transportation hub, and media center in a five-county area whose population tops 330,000 and which includes Penobscot, Piscataquis, Hancock, Aroostook, and Washington counties.Bangor is about thirty miles from Penobscot Bay up the Penobscot River at its couence with the Kenduskeag Stream. It is connected by bridge to the neighboring city of Brewer. Its immediate suburban towns are Orono (home of the University of Maine campus), Hampden, Hermon, Old Town, Glenburn, and Veazie.

 

South Portland is a city in Cumberland County, Maine, America, and is the fourth-largest city in the state, incorporated in 1898. As of the 2010 census, the city population was 25,002. Known for its working waterfront, South Portland is situated on Portland Harbor and overlooks the skyline of Portland and the islands of Casco Bay. Due to South Portland's close proximity to air, marine, rail, and highway transportation options, the city has become a center for retail and industry in the region.Despite the name, South Portland was never part of the city of Portland, having broken away from Cape Elizabeth in 1895.South Portland is a principal city of the Portland � South Portland � Bidde metropolitan area.While the city is considered suburban, it also has a diverse economy, as evidenced by its working waterfront and large retail center.

 

Auburn is a city in and the county seat of Androscoggin County, Maine, United States. The population was 23,055 at the 2010 census. It is one of two principal cities of and included in the Lewiston-Auburn, Maine metropolitan New England city and town area and the Lewiston-Auburn, Maine Metropolitan Statistical Area (which is part of the Portland-Lewiston-South Portland, Maine combined statistical area). Auburn and Lewiston (directly across the Androscoggin River) are known as the Twin Cities or Lewiston-Auburn (L-A).

 

Bidde is a city in York County, Maine, United States. It is the largest city in the county, and is the sixth-largest in the state. It is the principal commercial center of York County. The population was 21,277 at the 2010 census. Twin city of Saco, Bidde includes the resort community of Bidde Pool, Fortunes Rocks and Granite Point. The town is home to the University of New England and the annual La Kermesse Franco-Americaine Festival. First visited by Europeans in 1616, it is the site of one of the earliest European settlements in the United States.Bidde is a principal population center of the Portland-South Portland-Bidde metropolitan statistical area.Bidde is one of Maine's fastest-growing commercial centers, due to its close proximity to the Seacoast Region of New Hampshire and to northern Massachusetts. In recent years, strip malls have developed along the State Route 111 corridor. In late 2006, a 500,000-square-foot (46,000 m2) shopping center known as The Shops at Bidde Crossing opened, with 20 stores and five restaurants.

 

San is a city in York County, Maine, United States. The population was 20,798 in the 2010 census, making it the seventh largest municipality in the state. Situated on the Mousam River, San includes the village of Springvale. The city features many lakes in wooded areas which attract campers.San is part of the Portland�South Portland�Bidde, Maine metropolitan statistical area.On November 6, 2012, San voters approved a new charter to re-incorporate San as a city and replace the town meeting format with a city council/mayor/strong manager form of government, along with other changes. The new charter took effect on January 1, 2013. San's new charter provides that the first mayor would be appointed from the ranks of San's seven city councilors and serve interim for one year period. On January 8, 2013, Maura A. Herlihy was appointed as San's first mayor.In 2014, an elected-at-large mayor would take office and serve a three-year initial first term. On November 5, 2013, Thomas Cote was elected as mayor.Beginning in 2016, the mayoral position will be elected at-large every two years during legislative election cycles.

 

Augusta is the capital of the U.S. state of Maine and the county seat of Kennebec County,The city's population was 19,136 at the 2010 census, making it the third-smallest state capital (after Montpelier, Vermont and Pierre, South Dakota) and the eighth-largest city in Maine. Located on the Kennebec River at the head of tide, Augusta is home to the University of Maine at Augusta.

 

Saco (pronounced SOCK-oh) is a city in York County, Maine, United States. The population was 18,482 at the 2010 census. It is home to Ferry Beach State Park, Funtown Splashtown USA, Thornton Academy, as well as Armament Systems (also known by its former name, Saco Defense), a subsidiary of the defense contractor . Saco sees much tourism during summer months, due to its amusement parks, Ferry Beach State Park, and proximity to Old Orchard Beach.Saco is part of the Portland�South Portland�Bidde, Maine metropolitan statistical area. Saco's twin-city is Bidde.

 

Westbrook is a city in Cumberland County, Maine, United States and a suburb of Portland. The population was 17,494 at the 2010 census. It is part of the Portland�South Portland�Bidde, Maine metropolitan statistical area.Now primarily a suburb of the larger city of Portland, Westbrook itself has a growing business base and developing core downtown district. Laboratories, Inc., a multi-national corporation, is headquartered in Westbrook.[13] In addition to the downt own area, many of the city's businesses are located within two industrial parks (the Col. Westbrook Industrial Park and Five Star Industrial Park), as well as in the area surrounding Maine Turnpike Exit 48.

 

Waterville is a city in Kennebec County in the U.S. state of Maine, United States, on the west bank of the Kennebec River. The population was 15,722 at the 2010 census. Waterville is home to Colby College and Thomas College.

 

Presque Isle /pr?sk a?l/ is the commercial center and largest city in Aroostook County, Maine, United States. The population was 9,692 at the 2010 census. The city is home to the University of Maine at Presque Isle, Northern Maine Community College, Northern Maine Fairgrounds, The Aroostook Centre Mall, and the Northern Maine Regional Airport.Presque Isle is the headquarters of the federally recognized tribe, the Aroostook Band of Micmac.Due to being Aroostook County's largest city, Presque Isle is the retail center for a large number of both American and Canadian towns. The Aroostook Centre Mall became a major shopping center for residents during the 1990s. A Super center also attracts a large number of shoppers. Agriculture remains a top industry of Presque Isle and the surrounding area, with potatoes being the top crop. During the winter months many local businesses rely on the snowmobiling industry as there is a highly regarded trail system connecting far away towns and cities with Presque Isle. Presque Isle is also home to a significant industrial park near the Northern Maine Regional Airport.

 

Brewer is a city in Penobscot County, Maine, United States. It is part of the Bangor, Maine Metropolitan Statistical Area. The city is named after its first settler, Colonel John Brewer. The population was 9,482 at the 2010 census.Brewer is the sister city of Bangor. The two are at the head of navigation on opposite sides of the Penobscot River estuary and are connected by three bridges. Brewer and Bangor were originally both part of Condeskeag Plantation, though the Brewer part was also called ""New Worcester"" after John Brewer's birthplace. In 1788 Orrington, Maine was incorporated with Brewer/New Worcester as its major village. The other half of Condeskeag incorporated in 1791 as Bangor. Finally, in 1812 Brewer broke away from Orrington and incorporated as a separate town.

 

Bath is a city in Sagadahoc County, Maine, in the United States. The population was 8,514 at the 2010 census. It is the county seat of Sagadahoc County. Bath is a port of entry with a good harbor formed by the Kennebec River estuary. The city is popular with tourists, many drawn by its 19th-century architecture. It is home to the Bath Iron Works and Heritage Days Festival, held annually on the Fourth of July weekend.Bath is part of the Portland-South Portland-Bidde, Maine metropolitan statistical area.

 

Caribou is the second largest city in Aroostook County, Maine, United States. Its population was 8,189 at the 2010 census.In Caribou and throughout Aroostook County, the two major agricultural crops are the potato and broccoli. Area farmers annually plant approximately 60,000 acres (240 km2) of potatoes. The chief varieties are Russet Burbank, Superior, Shepody and Atlantic. Aroostook County is renowned for its round white potatoes. The potato crop is used for seed, table stock, and processed potato products. Aroostook County is the largest grower of broccoli on the East Coast.

 

Old Town is a city in Penobscot County, Maine, United States. The population was 7,840 at the 2010 census. The city's developed area is chiefly located on relatively large Marsh Island, though its boundaries extend beyond that. The island is surrounded and defined by the Penobscot River to the east, and the Stillwater River to the west.

 

Ellsworth is a city in and the county seat of Hancock County, Maine, United States. The 2010 Census determined it had a population of 7,741. Ellsworth was Maine's fastest growing city from 2000�2010 with a growth rate of nearly 20 percent. With historic buildings and other points of interest, Ellsworth is popular with tourists.[]

 

Rockland is a city in Knox County, Maine, in the United States. As of the 2010 census, the city population was 7,297. It is the county seat of Knox County. The city is a popular tourist destination. It is a departure point for the Maine State Ferry Service to the islands of Penobscot Bay: Vinalhaven, North Haven and Matinicus.

 

Belfast is a city in Waldo County, Maine, in the United States. As of the 2010 census, the city population was 6,668. Located at the mouth of the Passagassawakeag River estuary on Penobscot Bay, Belfast is the county seat of Waldo County. The seaport has a wealth of antique architecture in several historic districts, and remains popular with tourists.

 

Gardiner is a city in Kennebec County, Maine, United States. The population was 5,800 at the 2010 census. Popular with tourists, Gardiner is noted for its culture and old architecture. Gardiner is included in the Augusta, Maine micropolitan New England City and Town Area.

 

Calais i/'k�l?s/ is a city in Washington County, Maine, United States. As of the 2010 census, it had a population of 3,123. The city has three United States border crossings (also known as a Port of entry) over the St. Croix River bordering St. Stephen, New Brunswick, Canada. Calais has historically been a city of commerce and is recognized as the primary shopping center of eastern Washington County and of Charlotte County, New Brunswick. Currently retail, service, and construction businesses are the primary components of the Calais economy.

 

Hallowell is a city in Kennebec County, Maine, United States. The population was 2,381 at the 2010 census. Popular with tourists, Hallowell is noted for its culture and old architecture. Hallowell is included in the Augusta, Maine micropolitan New England City and Town Area.

 

Eastport is a small city (consisting entirely of islands) in Washington County, Maine, United States. The population was 1,331 at the 2010 census. The principal island is Moose Island, which is connected to the mainland by causeway. Eastport is the easternmost city in the United States (although the nearby town of Lubec is the easternmost municipality).

 

"

Maine

Maine Cities

 

You could have heard of freight brokerage factoring but most people may well mistake exactly what it is or much more notably exactly what it can do for your firm. Trucking Factoring also known as accounts receivable funding is a kind of asset based lending that can enhance a company's short-term cash flow. This is not a loan; no debt obligation is assumed by Accounts Receivable Factoring ,and the funds are unconditional. Accounts Receivables Loans Companies in Factoring Receivables Accounting Maine Factoring Companies at Staffingresource.org- presenting sell accounts receivable packages maine-factoring-companies

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As most of us understand, trucking is an incredibly large business with lots of organizations out there working with hundreds of vehicle drivers. The sad thing is, quite a few of these drivers end up in cash problems considering that they are still expecting work from six weeks in the past to actually compensate them. When this is the condition for a trucking firm, consulting factoring companies for assistance might be the very best option left.

 

 

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So the next instance your trucking establishment is having some momentary capital challenges and you are spending excessive time chasing slow paying customers, why not begin looking at using a factoring companies as a way to get your finances and give yourself a more pleasant future in the eyes of your trucking team and your bank dividend?

 



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The Bureau of Economic Analysis estimates that Maine's total gross state product for 2010 was $52 billion. Maine's agricultural outputs include poultry, eggs, dairy products, cattle, wild blueberries, apples, maple syrup and maple sugar. Aroostook County is known for its potato crops. Commercial fishing, once a mainstay of the state's economy, maintains a presence, particularly lobstering and groundfishing. Western Maine aquifers and springs are a major source of bottled water. Maine's industrial outputs consist chiefly of paper, lumber and wood products, electronic equipment, leather products, food products, textiles, and bio-technology. Naval shipbuilding and construction remain key as well, with Bath Iron Works in Bath and Portsmouth Naval Shipyard in Kittery. Naval Air Station Brunswick is also in Maine, and formerly served as a large support base for the U.S. Navy. Maine is the number one exporter of blueberries. Tourism and outdoor recreation play a major and increasingly important role in Maine's economy. The state is a popular destination for sport hunting (particularly deer, moose and bear), sport fishing, snowmobiling, skiing, boating, camping and hiking, among other activities.

 

Receivables Loans Companies

As most of us understand, trucking is an incredibly large business with lots of organizations out there working with hundreds of vehicle drivers. The sad thing is, quite a few of these drivers end up in cash problems considering that they are still expecting work from six weeks in the past to actually compensate them. When this is the condition for a trucking firm, consulting factoring companies for assistance might be the very best option left.

 

 



Factoringindustry.Org

 

 

 

Best Trucking Factoring Company

 

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

Money flow does not have to be a problem 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. What is trucking factoring ? One solution is called truck factoring. Trucking Factoring is the process of offering invoices to a financier instead of waiting to gather the cash from the client. Oh, the Irony- Truck factoring has a paradoxical distinction: It is the monetary backbone of numerous of America's most effective businesses. Why is this paradoxical ? Since receivable financing is not instructed in business colleges, is seldom discussed in business strategies and is relatively unknown to bulk of most of American business individuals.

Yet it is a financial procedure that releases up billions of dollars every year, enabling thousands of businesses to grow and prosper. Accounts Receivable Factoring has actually been around for thousands of years. Commercial Factoring Businesses are financiers who pay cash for the right to get the future payments on your invoices. An overdue receivable or invoice has value. It is a financial obligation your customer has agreed pay in the near future. Factoring Principals--Although factoring deals exclusively with business-to-business transactions, a big portion of the retail business utilizes a factoring principal. MasterCard, Visa, and American Express all utilize a form of factoring in their retail transactions. Utilizing the purest meaning of the word, these large customer finance business are really simply large Accounts Receivable Factoring Businesses of customer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The shop gets paid almost immediately, even though you do not make payment up until you are ready.

For this service, the charge card business charges Sears a charge (typical common normal fees range from 2 to 4 percent of the sale). The Advantages Receivable Loan Funding can provide many benefits to cash-hungry companies. Rather than wait 30, 60, 90 days or longer for payment on an item that has already been provided, a company 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 just a few of the company requirements that can be met with instant  money.

Factoring provides the means for a producer to replenish stock and make more products to offer: There is no longer a need to await for earlier sales to be paid. Receivable Loan Financing is not simply a money management tool for manufacturers: Practically any type business can take advantage of Commercial Factoring. Generally, a company that extends credit will have 10 to 20 percent of its yearly 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 this week s payroll with a client s invoice, however you can offer that invoice for the money to meet those obligations. Using trucking factoring companies is a fast and simple procedure. The factoring company buys the invoice at a discount, typically a few portion points less than the stated value of the invoice.

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The United states Truck Organization
states that there are about
205,000 truck drivers with freight trucking
businesses and
276,000 private companies trucking
firms certified to
operate in America that transported,
according to their most current listings of millions of
items, supplies and
basic materials .
There are several typical
carriers either going solo or in
teams on our country
roads transporting these
vital items to our
stores, manufacturingplants and shipping ports.

Moreover  freight bill factoring
firms benefit
numerous of them and offer their
factoring services
nationwide counting
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

Maine Factoring Companies

 

Watch Our Factoring YouTube Videos For More Information

 

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

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

 

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

 

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

 

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.

 

Click below to find Trucking Companies in the United States:

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

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

 

 

 

View Our Factoring Video For More Information

 

 

http://truckingfactoringcompanies.com

 

 

Invoice Factoring Companies Reviews at Truckingfactoringcompanies.Com

 

 

 

Here Is a Quick way to Shore Up Your Cash Flow

 

"

�So, this is not a loan?� Vincent Chavez 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.Vincent Chavez owned a small trucking company, and his business had recently fallen on difficult times. Trucking could be a profitable business, and for a little under a decade, it had been for Gabriel. He named his business Fisher Trucking, named after George and Jordan, his two grandfathers. Both of these men had been very hardworking and had set a great example for Gabriel.Six months ago disaster struck Gabriel's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. The financial security of Gabriel'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 Vincent 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.Vincent wasn�t a bad owner, and he hadn�t messed up. Certain events had occurred that he could not possibly have predicted, and now he had to find a way to protect his business and prevent it from ultimate devastation.And that's why he found himself across the desk from this woman. Her name was Betty and she worked for a factoring company. He had accidentally come across her company one night when he was working late, searching the internet to see if there was some solution to his financial dilemma.Betty explained. �it is really not a loan at all: we actually buy your accounts receivable. we are not giving you finance to be repaid later: we are purchasing something from you, and when you can you can buy it back. That way we�re protected from a complete loss, but you�re protected from the outrageous fees you would find in a loan from the bank.Vincent nodded. It sounded good to him, almost too good.The woman laughed. �I'm not sure that you believe me,� she chuckled.�No, I do, I just think it sounds a bit too good to be true. I actually thought I might end up losing my business.�Betty smiled, agreeing. �We get that a lot. 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 what we�re here for.""In any case, thank you for coming to see me.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� said Betty with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Vincent filled the form out, with Betty available to help him if he needed it. The profile filled Betty and her company in on Gabriel�s company, and would help them determine if he was suitable for factoring. In truth, not all companies were. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. As Vincent completed his form, Betty listened to his story and she felt quite sure he would be the ideal candidate for Factoring.Betty took the completed form and placed it in her briefcase. She then stood, reached across the desk and shook Gabriel�s hand. He stood before they shook as well, and then smiled. Vincent walked Betty to the door where they said 'Goodbye', then he went back into his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He shut his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. Talking to Betty though, learning about factoring, it felt like a weight had been lifted from his shoulders. He relaxed into his chair, running his hand through his thick black hair with its telling streaks of grey.All those long, sleepless nights. The terrifying panic attacks that occurred regardless of where he was. Already he could feel all the stress start to drain away. He 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.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 he had gotten bored. He wasn't passionate about the food industry. He thought long and hard, and then he decided to sell the restaurant. He took half a year off, and in that time he thought to start Fisher Trucking. So he did it. Once again he built a company from the ground up. The business had been an instant success.And then the trucks went down, and his success looked to be in flux. He was nearing fifty. He didn�t think he had it in him, to save this company. 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 know how to say quit.And now, because of factoring, he was sure he wouldn�t have to. Gabriel'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.

 

"

 

 

 

 

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Trucking Factoring Company

 

"

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

 

. Worse still, it was noticed by Simmons in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. And as spring turmed to summer and summer into the early days of fall, Shawn Watkins, CEO of Simmons felt a chill go down his spine whenever he would look at the weekly A/R reports. The number of clients who were late in their payments was continuing to grow.He had gone to his administrators and asked them what the problem had been. Were they doing things different, or wrong, when it came to collecting overdue accounts? When checking his bookkeeper's records this was definitely not the case. 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 Simmons 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. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Simmons hadn't gone elsewhere. The had just gone!.To Shawn Watkins the situation looked desperate. He had employees to pay, goods to ship, trucks to maintain and overhead that was almost unbearable when compared against the lack of funds that were coming in. In the evenings he would discuss his concerns with his wife, Tina, and still find no relief from the worry and frustration.

 

""I have a bad feeling, Lin,"" he'd sadly say to his wife.""Well, what do you think it is?"" she would ask.Shawn would stare off for a moment and then close eyes. He could see the fleet of trucks he had purchased over the years. He could see them traveling, bringing goods to all of his clients. But 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 know what it is,"" said Shawn. ""I've relied too long on the profits I receive from invoices alone. 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.

 

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

 

""Can I have a word with you Shawn?"" she queried, standing in the doorway.

 

""Sure thing Kay, come on in."" Shawn leaned back in his chair and looked expectantly at Kayerely.""Well Shawn, this afternoon I did some research, trying to work out how we are going to get out of this mess."" She pulled a small stack of papers from a folder and set them on the desk before him.""Have you ever heard the word factoring?"" Kayerley asked.""It does sound vaguely familiar. What is it?"" he said.""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.""Immediately?"" Shawn interrupted.""Immediately, yes"" she added, ""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. Additionally, the factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It provides a very broad view.""I see,� Shawn said. �And then what?""Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.

 

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, Shawn studied the documents very closely.""It sounds too good to be true, Kay,"" he said.""Yes, I know; that's exactly what I thought at the beginning. But think about it, Shawn: they've guaranteed that experts will do all the paperwork, and that will free us up to do what we should be doing - focusing on our customers in good standing, and that kind of stuff. They appear to be very flexible, Shawn,"" she underlined a paragraph on the paper before him.""How flexible?"" he asked.""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. Apparently they can figure this all out in two to four days.

 

""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" said Shawn.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Shawn took a moment to think about this solution, and agreed with his secretary. The clients who owed them money were long standing friends and professional resources of Simmons. Just because they were experiencing difficulties paying their own bills now, Shawn was very concerned about losing these relationships. Shawn 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 could create a disaster situation for both of them if he wasn't careful in how these debtors were handled. He did not want to lose business but he also did not want to lose any more money.""Let me go over this tonight Kay, and thankyou."" Kay nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Shawn keep the shirt on his back, and possibly hers too.Shawn stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. What other issues could freight factoring help Simmons 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, Simmons 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 Jim about this,"" Shawn muttered to himself.Jim is Shawn's son-in-law, and he really admired the ideas behind Simmons, so much so that only two years before he had started his own transportation service business. Shawn knew then what struggles Jim would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Simmons was hurting, a little guy like Jim was about to catch his death. Perhaps the antidote to these problems was in freight factoring, and they were about to find out.A few short months later, after completing the application process, having the legal experts review his credit history, accounts receivable, and statements, finally Shawn was beginning to find his way out of the hole his debtors had created for him.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They took that time and refocused effort to offering competitive prices in new territories. Shawn looked back on the dismal months of life before freight factoring and almost shuddered at the thought. He probably wouldn't be in business today had he not learned just in time about freight factoring.

 

"

 

 

 

 

 

 

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Best Trucking Factoring Company

 

Why Truck Agencies Utilize Factoring Firms.

 

As the owner of your own business, you may likely be much more than knowledgeable already of the hardship in making sure that cash flow matters do not become a dilemma down the line. After all, the toughest thing that can potentially transpire for your company is to find yourself embroiled in a long and troublesome condition that leaves you forever trying to find the funds you are in need of on an ongoing manner.

 

For virtually any enterprise in this situation, the problem can come for waiting for work to clear up and actually be brought in into your balance. Bill of sales, checks, and the like could take a while to actually to beprocessed which could leave you with momentary available resources dilemmas. Fortunately, there are options out there for enterprises to investigate-- and among these is factoring firms.

 

Factoring companies will, in exchange for your accounts, give you with the finances right away so you do not need to worry about the lingering phase that could make paying the bills and getting materialsmore challenging. With this kind of arrangement, invoice factoring can become exceptionally helpful for numerous establishments who have to avoid a cash trap which they have found themselves in.

 

Due to the fact that, relying on the scale of the job, it can take up to 60 days for many firms to get compensated then it is critical to cover up your own back and definitely not leave yourself resources short to pay off the expenses. After all, how many enterprises have two months revenue just occupying there to cover all their expenditures until they make money?

 

This is primarily true of trucking establishments. They usually take care of tons of invoices which means a significant quantity of collection period involves business owner themselves. Trying to get paid out promptly can end up being an unbelievable hassle and this is precisely why you utilize trucking factoring companies who are happy to help out truckers mainly.

 

As all of us realize, trucking is an surprisingly enormous market with a lot of agencies out there hiring hundreds of drivers. The sad thing is, plenty of these drivers end up in money problems considering that they are still waiting for work from six weeks ago to actually pay them. When this is the condition for a trucking firm, resorting to factoring companies for support may be the very best choice left.

 

This indicates that a truck firm can compensate the paychecks of the people, keep all the cars filled with gas and continue to go up, evolve and expand without continually waiting for the funds which is taking too lengthy to come in. Trucking Companies functioning without a factoring program used are leaving themselves at substantial threat, as competitions cash out quickly and carry on to broaden.

 

There's genuinely very little to be worried about when it comes to employing a Factoring agency-- they commonly are not like a banking company or an individual who is going to leave you with a significant pile of debt to pay back. You give them genuine invoices from output you have already accomplished , you are merely facilitating the payment system.

 

In the Usa, where trucking companies do well, factoring providers are not considered getting a loan in any capacity. This confidential agreement then makes it possible for both groups to make money and experience a convenient future-- it provides the factoring provider a secured resource of earnings to add to the list and it offers the trucking firm the required money that they sweated to generate.

 

The trucking enterprise gives their invoices to the factoring business. The trucking factoring firm then acquire the installment payments from the trucking company's customers. Factoring has been all around for hundreds of years and has been utilized for decades by lots of varied business sectors-- but none exceeding so than truckers. While you may well lose out on a small part of the money, something like 1-3 % depending on who you team up with, it signifies that you are receiving the finances today and can actually begin putting the funds to perform.

 

After all, an IOU or an invoice is not going to fund bills, is it? For trucking firms when the cash can be fantastic one day and gone the next, it is up to the drivers to work smartly and to ensure they are leaving themselves with a significant quantity of time and finance to get through the week until they are handed over once more.

 

So the next period your trucking enterprise is enduring some short-term cash flow issues and you are devoting a lot of time chasing slow paying clients, why not start thinking of making use of a factoring companies as a means to get your money and give yourself a more convenient future in the eyes of your trucking team and your bank balance?

 

 

 

 

 

 

 

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Trucking Factoring Services

 

"

The Future of a Trucking Company, and Factoring Troy Warren let the phone ring on his desk. His morning coffee cooled and his cigarette smoked away in the tray: Troy is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Warren 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.

 

Troy�s father had started as an owner-operator and had grown Warren Trucking Company into a fifteen trailer fleet over forty years. There had been some hard times when it seemed everything was going to go under and even Troy�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 Troy�s hands and he wanted to live to see it in better shape for his sons.

 

To move Warren 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, Warren Trucking looked weak in a very strong market.

 

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

 

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

 

He wondered about factoring - was this the answer for him? If he was being honest, he did not really understand how it all worked. It sounded a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. 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 this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. During those thirty days the trucking company cannot pay its employees and bills with invoices.

 

Troy 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. Worse still, if the customer defaulted on payment, the factoring company takes it out of the money supposedly coming to you! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His 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?

 

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 was quite happy to sign an exclusive contract. He liked the idea of a long term commitment so he knew he wouldn�t have to bother going back and forth to different companies and wasting time filing more forms. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. 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.

 

For Troy it was quite a relief to be dealing with the factoring company. They were more personable than those loan managers at the bank. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. Factoring was based on the credit of his customers and on their reliability which worked well for Troy because he and his father had built up good strong relationships over decades with their list of clients. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients would not have any problems, nor would they think poorly of Warren 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, Troy 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, Troy could actually expand Warren Trucking Company further across the country and perhaps even go international into Canada. His heart felt full knowing his sons wouldn�t have to worry about money because of the right decisions he had made for their trucking business.

 

"

 

 

 

 

 

 

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Factoring Financing Companies

 

Date Published- 2014- 08-02 Truck Factoring Calculator

 

"

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 is 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 offer loans, and you do not go into debt when you get money from a Trucking Factoring company. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 80%-95%. The amount of money you can receive is based on the amount of money you have earned and the accounts receivable you are willing to �sell.� Once 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.

 

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

 

3. Receive Your Money Faster. 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.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 you do not have to worry about monthly loan repayments, and you do not have to worry about the amount of interest payable, because all the money in the account is yours to spend.

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The 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. The Trucking Factoring company takes over that chore, since it is now their money to collect. Trucking Factoring companies are very efficient at debt collecting, and this frees up your valuable time to devote to running your company.

 

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

 

"
Invoice Factoring Companies Reviews at Truckingfactoringcompanies.Com

 

 

 

 

 

More Trucking Factoring Services -Articles

 

 

 

"

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 is 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 offer loans, and you do not go into debt when you get money from a Trucking Factoring company. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 80%-95%. The amount of money you can receive is based on the amount of money you have earned and the accounts receivable you are willing to �sell.� Once 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.

 

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

 

3. Receive Your Money Faster. 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.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 you do not have to worry about monthly loan repayments, and you do not have to worry about the amount of interest payable, because all the money in the account is yours to spend.

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The 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. The Trucking Factoring company takes over that chore, since it is now their money to collect. Trucking Factoring companies are very efficient at debt collecting, and this frees up your valuable time to devote to running your company.

 

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

 

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