Contact Us Form

or Call Us At 866-593-2195

Email Us





































































































































































































































Home page

Six Types of Companies - Which Group Are You In? -
Our Best Rated Factoring Companies
Can Give
Your Freight Company
The Cash You Need



transportation factoring solutions

factoring trucking receivables

freight broker factoring companies

best trucking factoring company

Small truck companies, particularly those who have actually not been around for really long, will frequently find it tough to secure a loan. Banks are frequently reluctant to provide cash to companies that don't have a lot of income and possessions. They also desire evidence of the viability of a company and thus require that most operations, specifically little ones, been around for a specific quantity of time before they want to turn over any cash. Due to the fact that of this, a medium-size company frequently has a couple of money generating options when needs emerge. One choice available, but frequently neglected, is receivable Financing. This is an excellent method for a small business to obtain money.

Imagine Holding Your banker Spellbound for 30 Minutes - Choose 

The Best Factoring Company Instead Of A Regular Bank Financing

Exactly how to Enhance Money Flow Without Loaning -Cash Money flow is among the main reasons businesses fail.

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

Money flow does not have to be a problem any ever more. Do not be deceived -- banks are not the only locations you can get funding. Other options are available and you do not have to borrow money. Exactly what is truck factoring ? One solution is called best rated factoring companies. Truck Factoring is the process of offering accounts receivable to an investor instead of waiting to gather the cash from the client. Oh, the Irony- Trucking factoring has a paradoxical distinction: It is the financial foundation of numerous of America's most effective companies. Why is this ironic ? Since factoring is not instructed in business colleges, is seldom mentioned in business plans and is relatively unknown to bulk of most of American business people.

Yet it is a financial process that releases up billions of dollars every year, enabling countless companies to grow and succeed. Factoring has been around for thousands of years. Invoice Factoring Companies are investors who pay money for the right to receive the future payments on your invoices. An overdue receivable or invoice has value. It is a debt your client has to pay in the near future. Factoring Principals--Although factoring deals exclusively with business-to-business deals, a big percentage of the retail company utilizes a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail deals. Utilizing the purest definition of the word, these large consumer finance business are truly just big Receivable Loan Funding Companies of consumer paper. Consider it: You purchase at Sears and charge it to your MasterCard. The shop makes money practically instantly, although you do not pay up until you are prepared.

For this service, the credit card business charges Sears a fee (typical common normal fees vary from two to 4 percent of the sale). The Advantages Staffing Factoring can provide many advantages to cash-hungry business. Instead of waiting 30, 60, 90 days or longer for payment on an item that has actually already been delivered, a company can factor (sell) its receivables for cash at a little discount off the dollar value of the invoice. Payroll, advertising efforts, and working capital are simply a few of the business requirements that can be met with instant  money.

Best Rated Factoring Companies provides the means for a producer to renew stock and make more items to sell: There is no longer a requirement to wait for earlier sales to be paid. FACTORING is not just a money management tool for producers: Almost any kind business can benefit from Truck Factoring. Typically, 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 bound in 60 days' worth of invoices: You can not pay the power expense or today s payroll with a customer s invoice, but you can offer that invoice for the cash to meet those obligations. Using truck factoring companies is a quick and easy procedure. The factoring company purchases the invoice at a price cut, usually a couple of portion points less than the stated value of the invoice.



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

E-mail Us

or complete the

Trucking Factoring Request Kind


The United states Transportation Organization
mentions that there around
195,000 employees with transportation
firms and
276,000 personal companies trucking
firms certified to
operate in the States that transferred,
according to their most current listings of millions of
products, supplies and
fundamental materials .
There are numerous common
providers either going solo or in
teams on our nation
roadways carrying these
vital products to our
stores, manufacturingplants and ports.

Plustruck factoring
businesses support
many of them and offer their
receivable loan facilities
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



Watch Our Freight Factoring Companies YouTube Videos For More Information


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


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

List of Trucking Companies for Owner/Operators and Company Drivers


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.


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




Baker 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 Baker Truck & Haul was the mastermind of a top-rated accounts receivable in the trucking industry. Very few customers were behind on their bills, and those customers who were late turned in their overdue payments within an acceptable time frame. Times were great for everyone, and the cash was flowing.It was just one year later, in 2008, when the economy in the United States took a sharp decline, and both large and small businesses started to notice the squeeze on their pocketbooks: everyone had suddenly gone silent. Business slowed down. Worse still, it was noticed by Baker 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, Gregory George, CEO of Baker 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 Baker hadn't gone elsewhere. They had just gone home.The situation looked dire to Gregory George. 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. After work he would confide in his wife, Pamela, and neither were unable to stop the constant worry over the lack of funds.""Lin, I have a really bad feeling,"" he'd sadly say to his wife.""Well, what do you think it is?"" she would say.Gregory would stare off into the distance, and then slowly close his eyes. In his mind he could clearly see the fleet of trucks purchased over the many years. He could see them on the road, delivering good to all his loyal customers. But then a haze would cover his trucks and his vast fleet would vanish to leave just a few. What could cause this ultimate death spiral of business?""I think I know what it could be,"" said Gregory. ""For way too long I've been relying solely on profits received from invoices. For too long I've been allowing our clients to let their accounts become overdue."" Linda could only grab her husband's hand and look at him lovingly, ""It's a hard economy. It might be awhile until things get settled up.


""Gregory 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 Gregory strolled into his office and was determined to sit down and make every phone call to every client who had owed Baker money. This wasn't really a very efficient way for a Chief Executive to spend his day, and Gregory knew he should be overseeing all the other sides of the business, such as shipments and deliveries, approaching prospective customers, or working with his sales team. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. Wasting money, wasting time - even with the best of intentions, Gregory knew that he was in trouble.


Poor Gregory 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.


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


""Sure thing Lori, come on in."" Gregory relaxed back into his chair and looked up at Lorierley.""Well Gregory, this afternoon I did some research, trying to work out how we're 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 of factoring?"" she asked.""It sounds 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.""Gregory interrupted ""Immediately?"".""Immediately, yes"" she added, ""In a nutshell, it's 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�s a broad view.��Gregory replied cautiously ""I see - and what happens then?��Following the completion of their review and once we've been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. There�s a lot of flexibility depending on the business volume and credit histories. The company will advise us the cost to purchase factoring for our company's accounts receivable. We come to an agreement and the funding starts pouring out.�Gregory leaned forward and reviewed the paperwork closely.""It sounds too good to be true, Lori,"" he said.""Now, now, I know, I thought the same thing. But think about it, Gregory: 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 Gregory,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked Gregory.""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.


""""It does all sound pretty good, remembering that we're all tapped out now with loans from the bank last year to repair vehicles, and we all know just how tight money is. 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,"" Gregory said.Gregory 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.""Gregory thought about this and agreed with Lorierley. The customers who were in debt to Baker 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. He was well aware that the economy was in a bad way and that it might be quite a while before things started picking up. 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 Lori, thank you."" Lori stood up and left Gregory's office, with the nice feeling of knowing that she may just have solved a very serious problem.Gregory sat behind his desk and looked over the details Lori had not mentioned in their meeting. What other issues could freight factoring help Baker with? Running his pencil down the sheet, he noted that the freight factoring company could assist with fuel costs, fuel advances, and fuel discount cards. Gregory was surprised: it said that his company could get up to fifty percent cash advances on load pickups. Gregory 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.""Well, I'll have to tell Jimmy about this,"" Gregory muttered to himself.Gregory's son-in-law, Jimmy, loved the idea behind Baker and highly respected his father-in-law for having such great business sense, that two years ago he got his capital together and started his own transportation company. At that time Gregory knew the struggles Jimmy would face, but he still encouraged him to follow his dream. With the faltering economy, if a big fish like Baker was hurting, a little guy like Jimmy was about to catch his death. But, maybe the answer for both of them was in freight factoring, and Gregory was going to find out very soon.A few months later after going through the entire application process and having the experts review his accounts receivable, credit history and statements, Gregory found himself beginning to dig his way out of the hole his delinquent account holders had created for him.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They took that time and refocused effort to offering competitive prices in new territories. Gregory recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. 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 Phillip Patterson let the phone ring on his desk. His morning coffee cooled and his cigarette smoked away in the tray: Phillip is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Patterson Trucking Company was at a turning point of growth and Phillip had to decide if signing with a factoring company was the right way forward.


More than forty years ago Phillip's father had started this business working as an owner-operator and eventually growing Patterson 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 Phillip's mother had jumped into the cab at times to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. Now the company was solely in Phillip�s hands and he wanted to live to see it in better shape for his sons.


To move Patterson 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 had families and household bills too. Some of the refrigerated trailers were in need of repairs and he felt to stay competitive it was also a good idea to invest in specialized haulers to be ready for the constant requests he was getting for loads of new energy and agriculture equipment. Every time he had to turn down a request, Patterson 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. Phillip 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.


Phillip knew he was right in his forward thinking. What would be the next step for Patterson 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. He just finished paying off the small bank loan for installing satellite radio in the trucks for the guys.


But was factoring the answer? There was a lot he didn�t understand about the process. It sounded like a ninth grade math problem and he wondered how this would fit into the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. In return, the factoring company pays the trucking business straight away, providing immediate cash flow for the business to pay staff, purchase fuel, and do any repairs or maintenance. Without the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. During those thirty days the trucking company can't pay its employees and bills with invoices.


Now it was time for Phillip to do his homework. Phillip had heard that there were companies that charged for same day money transfers and would only advance a percentage of the money owed to your company while holding the rest in a private account if they didn�t get their bill payment within 60 or so days. 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 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. He knew he would have to be very careful if he was to avoid any of these shady companies?


However, it all turned out to be very simple. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He was quite happy to sign an exclusive contract. 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.


It was really refreshing dealing with the factoring people. They were more personable than those loan managers at the bank. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Phillip because he and his father had created a very strong and loyal list of clientele over the years. So he knew they would understand when the factoring company contacted them for the invoices. His clients wouldn�t think poorly of Patterson Trucking and the factoring companies appeared capable of handling the accounts receivable in the same polite manner that his father had used over the years.


Phillip stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. He felt exhilarated by the new possibilities that would make the future of the company fun again and put the stress of the difficult times behind him. He suddenly realized that, with this new cash flow, he could actually expand Patterson Trucking Company and who knows, move into Canada, which had always been his dream. His heart felt full knowing his sons wouldn�t have to worry about money because of the right decisions he had made for their trucking business.





Watch Our Freight Factoring Companies Videos For More Information










Trucking Factoring  Articles

�So, this is not a loan?� Marvin Duncan asked as he leaned back in his chair, crossing his legs. The woman who sat across the desk smiled and shook her head.�No, not exactly,� she said.Marvin Duncan 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 Allan. His company was called Jennings Trucking, named after both of his grandfathers, Nathan and Randy. They had both been hardworking men, and had done a lot to make Marvin the same.Six months ago disaster struck Allan's business when two out of his fleet of fifteen trucks were taken off the road.


One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. Marvin depended on his full fleet, and missing two trucks was devastating . In addition, he just didn't have the available cash to buy a new truck, plus repair the other one.A big problem a lot of trucking companies came across was how bills were paid in the industry. Waiting a month or longer for bills to be paid was quite normal. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Marvin wasn�t a bad owner, and he hadn�t messed up. Certain events had occurred that he couldn't 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 Kathleen 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.Kathleen 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.Marvin nodded. It sounded perfect - perhaps too good?.Kathleen laughed. �You look like you don�t believe me,� she chuckled.�Oh no, I do: it just sounds too good to be true. I thought I was going to lose my company.�Kathleen smiled, agreeing. �Yes, we get a lot of that. There's no way we want to see you lose your business. You work hard, you�ve put everything you can into it. 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,� Kathleen said with a smile. �Let's work out a solution to your problem.�And with that they set about making a profile.


Marvin filled the form out, with Kathleen available to help him if he needed it. The profile filled Kathleen and her company in on Allan�s company, and would help them determine if he was suitable for factoring. In truth, not all companies were. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. Listening as Marvin filled out his form, Kathleen was pretty sure he was a perfect candidate for factoring.Kathleen took the completed form and placed it in her briefcase. She then stood, reached across the desk and shook Allan�s hand. He also stood up, and they smiled at each other. Marvin walked Kathleen to the door where they said 'Goodbye', then he went back into his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He shut his eyes. He felt so drained: he had been flailing helplessly for so long, he just knew his business was going to collapse and probably take him with it. Talking to Kathleen 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 sudden panic attacks, not matter where he was. He could feel it all fading away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was there, he was on the right path, and he was working to make things right.Marvin couldn�t help but think back to when he had first started the business. At twenty-two and straight out of school he had opened a restaurant. It had been really successful. 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 about it for a long time, then decided it was time to sell his restaurant. He took six months off, and during that time he decided to create Jennings Trucking. So he did it. For the second time in his short life he created 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 was concerned that he just didn't have the energy left to try and save the business. But he couldn�t give up. Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically sick some nights. He didn�t know how to say quit.And now, because of factoring, he was sure he wouldn�t have to. Marvin opened his eyes, sat forward, turned his computer on. He had lots to do. He could be thankful later, for now, it was time to work.





More Trucking Factoring Company Story Articles

The reason why Trucking Establishments Work with Factoring Companies.


As the manager of your own business enterprise, you may well be much more than wary already of the hardship in making certain that cash flow concerns do not become a difficulty down the line. After all, the worst thing that can potentially develop for your firm is to find yourself dragged in a long and perplexing condition that leaves you forever looking for the money you require on an on-going basis.


For any type of company in this condition, the trouble can come for waiting for work to lapse and actually be brought in into your account. Statements, checks, and the like can take a while to actually to be taken care of which can leave you with temporary capital troubles. Gratefully, there are opportunities out there for enterprises to explore-- and just one of these is factoring firms.


Factoring companies will, in trade for your statements, give you with the resources today to make sure that you don't need to stress over the lingering period which could make paying off the bills and purchasing toolsmore difficult. With this type of arrangement, invoice factoring can end up being exceptionally practical for countless enterprises who need to avoid a money trap which they have gotten themselves in.


Due to the fact that, basing on the scale of the project, it can take up to 60 days for many enterprises to get compensated then it's crucial to take care of your own back and certainly not leave yourself cash short to pay off the bills. After all, how many business enterprises have two months revenue just occupying there to address all their overheads till they get paid?


This is particularly true of trucking companies. They tend to deal with great deals of invoices which means a substantial amount of collection time concerns business owner themselves. Seeking to get paid promptly can eventually become an incredible headache and this is the reason why you work with truck factoring companies who are pleased to help out truckers particularly.


As most of us determine, trucking is an exceptionally massive business with a lot of agencies out there utilizing hundreds of operators. However, plenty of these drivers wind up in money dilemmas considering that they are still awaiting work from six weeks earlier to actually compensate them. When this is the circumstance for a truck company, turning to factoring providers for solutions might be the most recommended alternative left.


This signifies that a truck organization can pay off the salaries of the workers, keep all the vehicles refilled with gas and continue to go up, flourish and expand without continually waiting for the cash which is taking too prolonged to come in. Trucking Enterprises working without a factoring system established are leaving themselves at critical risk, as competitors cash out fast and go on to develop.


There's genuinely not much to be troubled about when it comes to utilizing a Factoring contractor-- they usually are not like a financial institution or any individual who is going to leave you with a huge stockpile of liability to repay. You give them legitimate invoices from job you have already completed , you are merely speeding the payment system.


In the United states of America, where truck companies flourish, factoring enterprises are not considered getting a loan in any capacity. This confidential contract then makes it possible for both groups to make money and take pleasure in a convenient future-- it gives the factoring company a secured resource of revenue to put into the list and it furnishes the trucking firm the required funds that they worked hard to gain.


The trucking establishment presents their accounts to the factoring business. The trucking factoring provider then acquire the payment amounts from the trucking company's clients. Factoring has been in existence for centuries and has been adopted for several years by numerous different fields-- but none more so than truckers. While you may miss out on a small part of the money, something like 1-3 % depending upon who you work with, it indicates that you are receiving the money today and can actually start off setting the cash to work.


Once and for all, an IOU or an invoice is not actually going to finance overheads, is it? For trucking companies when the income can be excellent one day and gone the next, it's up to the drivers to work sensibly and to guarantee they are leaving themselves with a notable volume of time and finance to get through the week until they are paid once again.


So the next occasion your trucking establishment is having some short-term cash flow concerns and you are investing an excessive amount of time chasing slow paying clienteles, why not begin considering utilizing a factoring businesses as a way to get your finances and give yourself a more comfortable future in the eyes of your trucking staff and your bank balance?








Traditional Bank Loans


Finance through a bank loan is the normal, or traditional, way of financing your business. While these loans are handy they are not available to every business. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it's usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose your entire business. Plus, the amount you apply for through the bank is the actual amount that you are going to receive. Of course, once that loan has been re-paid, you can always re-apply for another loan.


What Are Trucking Factoring Companies?


Trucking Factoring companies don't offer loans, and you don't go into debt when you get money from a Trucking Factoring company. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 80%-95%. The amount of money you can receive is based on the amount of money you have earned and the accounts receivable you are willing to �sell.� Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.


Benefits of a Trucking Factoring Company Vs. A Bank Loan


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


1. There is no debt. Since the Trucking Factoring company actually buys your accounts receivable you don't actually incur debt like you do with a bank loan. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating won't be affected. 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. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.


2. There's no collateral required. Another 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. 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 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. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. Borrowing from a bank begins with vast amounts of paperwork, the loan must be underwritten, and this can take ages before you're notified if the loan has been approved.


4.Interest is Paid Up Front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you don't have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So you don't have to worry about monthly loan repayments, and you don't have to worry about the amount of interest payable, because all the money in the account is yours to spend.


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


In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.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