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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).

 

"

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Your Company may likely have heard of trucking receivables finance but most people could mistake exactly what it is or more importantly exactly what it can do for your firm. Receivable Financing also referred to as receivables finance is a kind of asset based lending that can increase a firm's immediate cash flow needs. It is not a loan; no debt obligation is assumed by freight factoring ,and the funds are unconditional. Account Receivable Financing Companies in Factoring Agency Factoring Companies ME at Staffingresource.org- presenting factors small business services factoring-companies-me

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Portland

Maine

Account Receivable Financing Companies

As most of us recognize, trucking is an unbelievably enormous industry with many agencies out there utilizing hundreds of vehicle drivers. Sadly, quite a few of these drivers end up in income predicaments because they are still waiting on work from six weeks ago to actually compensate them. When this is the scenario for a trucking organization, consulting factoring agencies for help may be the most ideal alternative left.

 

 

Accountreceivableservices.Org

Factoring For Trucking

In the United States, where trucking companies do well, factoring companies are not considered borrowing in any capacity. This private deal then permits both parties to profit and enjoy a good future-- it gives the factoring company a guaranteed asset of money to include in the list and it provides the trucking company the needed money that they sweated to earn.

 

 



Historichomesmaryland.Com

 

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.

 

Factoring Invoices Companies

As most of us recognize, trucking is an unbelievably enormous industry with many agencies out there utilizing hundreds of vehicle drivers. Sadly, quite a few of these drivers end up in income predicaments because they are still waiting on work from six weeks ago to actually compensate them. When this is the scenario for a trucking organization, consulting factoring agencies for help may be the most ideal alternative left.

 

 



Historichomesmaryland.Com

 

 

 

Best Freight Factoring Companies

 

Best Freight Factoring Companies

 

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

Money flow does not have to be a problem any more. Do not be fooled -- banks are not the only locations you can get financing. Other options are available and you do not have to borrow. What is trucking factoring ? One option is called truck factoring. Truck Factoring is the process of offering invoices to a financier rather than waiting to collect the cash from the customer. Oh, the Irony- Trucking factoring has an ironic distinction: It is the financial backbone of numerous of America's most successful businesses. Why is this ironic ? Because receivable financing is not instructed in business colleges, is rarely mentioned in company plans and is relatively unknown to the majority of most of American business individuals.

Yet it is a monetary process that releases up billions of dollars every year, allowing countless businesses to grow and prosper. Staffing Factoring has actually been around for thousands of years. Trucking Factoring Companies are financiers who pay cash 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 actually to pay in the near future. Factoring Principals--Although factoring deals exclusively with business-to-business deals, a big portion of the retail business uses a factoring principal. MasterCard, Visa, and American Express all utilize a form of factoring in their retail deals. Utilizing the purest definition of the word, these big consumer finance companies are truly simply big Trucking Factoring Companies of consumer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The shop gets paid almost immediately, although you do not make payment until you are prepared.

For this service, the charge card company charges Sears a fee (typical common normal fees vary from two to four percent of the sale). The Benefits Invoice Factoring can offer many benefits to cash-hungry companies. Rather than wait 30, 60, 90 days or longer for payment on a product 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 just a few of the company requirements that can be met with instant  money.

Receivable Loan Funding provides the means for a producer to replenish inventory and make more products to sell: There is no longer a need to wait for earlier sales to be paid. FACTORING is not just a money management device for producers: Practically any type business can benefit from Receivable Loan Financing. Generally, a company that extends credit will have 10 to 20 percent of its yearly sales tied up in invoices at any given time. Think for a moment about exactly how much is bound 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 sell that invoice for the money to meet those obligations. Using trucking factoring companies is a fast and easy procedure. The factoring company buys the invoice at a price cut, usually a few percentage points less than the stated value of the invoice.

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The American Truck Organization
specifies that there around
205,000 work with freight trucking
companies and
276,000 personal companies trucking
companies licensed to
run in America that transported,
according to their newest searchings for billions of
products, supplies and
standard materials .
There are a number of common
carriers either going solo or in
groups on our country
highways carrying these
vital products to our
shops, factories and shipping ports.

Plus  truck factoring
businesses help
countless of them and offer their
accounts receivablesfinancing facilities
countrywide comprising
including the following states.


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

Factoring Companies ME

 

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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 Truck Factoring Videos For More Information

 

 

http://yklfactoring.com

 

 

Factoring Companies at YKLFactoring.com

 

 

 

Six Types of Companies - Which Group Are You In?

 

"

�So It is not a loan?� Rafael Perez asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Rafael smiled at him, shaking her head.�Not quite,� she said.Rafael Perez 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 Harry. He named his business Grant Trucking, named after Eugene and Angel, his two grandfathers. They had both been hardworking men, and had done a lot to make Rafael the same.Six months ago disaster struck Harry'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. The financial security of Harry'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 Rafael had on hand.Paying of bills in the trucking industry is always a major cause for concern for businesses.

 

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.Rafael was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.That�s where the woman across the desk came in. Her name was Kristin 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.She sat there now, and explained. �It�s not a loan, we purchase 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. This is a win-win situation: we are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Rafael nodded. It sounded perfect - perhaps too good?.Kristin laughed. �You look like you don�t believe me,� she chuckled.�No, I do, I just think it sounds a bit too good to be true. I thought I was going to lose my company.�Kristin smiled, agreeing. �We get that a lot. 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.""No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� said Kristin with a smile. �Let�s see what we can do to help you.�And with that they set about making a profile.

 

Rafael filled the form out, with Kristin available to help him if he needed it. The completed profile gave Kristin and her company all the information they needed on Harry's business, and with this information they would determine if this business would in fact be suitable for Factoring. Unfortunately, not all companies are. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. As Rafael completed his form, Kristin listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Kristin took it and slid it into her briefcase. Standing up, she reached over the desk and shook Harry's hand. He also stood up, and they smiled at each other. Rafael walked Kristin 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 leaned back and closed his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. Talking to Kristin though, learning about factoring, it felt like a weight had been lifted from his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The terrifying panic attacks that occurred regardless of 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.Rafael couldn�t help but think back to when he had first started the business. At twenty-two and straight out of school he had opened a restaurant. It had been really successful. Home cooking in his hometown, and he had done very well.But it wasn't what he really wanted to do. His passion didn�t lie with the food industry. He thought long and hard, and then he decided to sell the restaurant. He took six months off, and during that time he decided to create Grant Trucking. And that's exactly what he did. For the second time in his short life he created a company from the ground up. The business had been an instant success.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was nearing fifty. He was concerned that he just did not have the energy left to try and save the business. But giving up wasn't part of his personality either.

 

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 it seemed as though he would not have to - all because of Factoring. Rafael opened his eyes, sat forward, turned his computer on. He had things to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.

 

"

 

 

 

 

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"

Thomas Truck & Haul have been operating their business since the mid 1980s. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the boom times from 2002 to 2007 Thomas 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. Cash was flowing and times were good for all.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

 

. And worse yet, Thomas had noticed during the early part of 2008 that though the bulk of their clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. Spring changed to summer, summer changed to fall, and the CEO of Thomas, Daniel Baker, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The number of clients who were late in their payments was continuing to grow.He had already been to the administrators to ask what the actual problem was. 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. Perhaps he was losing his customers to his competitor, who seemed to offer very low prices with no guarantee of quality or performance, and these clients who were in debt to his company had possibly disappeared leaving him stranded. They could not afford to pay him their debt, but they could afford a lesser service, maybe. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. They had just gone home.To Daniel Baker the situation looked desperate. Daniel was very concerned, because there were constant overheads, goods to ship, employees to pay, and trucks which needed to be maintained, but there just wasn't the money coming back into the business. In the evenings he would discuss his concerns with his wife, Nancy, and still find no relief from the worry and frustration.

 

""I have a bad feeling, Lin,"" he would say with deep woe.""Well, what do you think it is?"" she would ask.Daniel would stare off for a moment and then close eyes. He could see the fleet of trucks he had purchased over the years. He could see them on the road, delivering good to all his loyal customers. But somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. Why couldn�t he work out how to resolve this financial problem with his business?""I think I know what it could be,"" said Daniel. ""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."" Nancy would look at her husband lovingly, and holding his hand would say 'it is such a harsh economy these days and our clients must be having difficulty meeting their responsibilities'.""Daniel knew very well that Nancy was only trying to help, but his responsibilities weighed heavily on his shoulders and he knew he had better do something soon to resolve this situation.The next day Daniel strolled into his office and was determined to sit down and make every phone call to every client who had owed Thomas money. Now, it wasn't the most efficient way to spend a day as a chief executive, what he really needed to be doing was to be overseeing all of the other intricacies of shipment and delivery and reaching out to prospective clients or retraining his sales team to do the same. But, he felt like he was doing something proactive to help his business, even though he had staff on salary to do just that thing. Wasting money, wasting time - even with the best of intentions, Daniel knew that he was in trouble.

 

Poor Daniel 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.

 

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

 

""Of course Leona, please come in."" Daniel leaned back in his chair and looked expectantly at Leonaerely.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Daniel."" 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?"" she asked.""It does sound vaguely familiar. What is factoring""? he asked.""Well,"" she began, ""It�s actually quite simple really.

 

Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Daniel interrupted ""Immediately?"".""Immediately, yes"" she added, ""In a nutshell, it is pretty easy. We can have an expert account manager review our numbers and help us complete a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. 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.""Daniel replied cautiously ""I see - and what happens then?""Following the completion of their review and once we have been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. There�s a lot of flexibility depending on the business volume and credit histories. 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.�Daniel leaned forward and reviewed the paperwork closely.""It sounds too good to be true, Leona,"" he said.""Now, now, I know, I thought the same thing. But think about it, Daniel: 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, Daniel,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" he asked.""It seems that they personalize their factoring charges so that the amount they're prepared to work with is commensurate with our client's debt and our needs. Apparently they can figure this all out in two to four days.

 

""It does all sound pretty good, remembering that we are all tapped out now with loans from the bank last year to repair vehicles, and we all know just how tight money is. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" Daniel said.He took a deep breath and looked at his secretary with something she recognized as hope.""Exactly�. This could very well be the answer to resolving the problems we are having with these clients who still owe us money.""Daniel took a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Thomas Truck & Haul were professional resources of the company, but they were also long-standing friends. They did not want to throw away these relationships because they were having trouble paying their bills now. Daniel knew only too well that the whole economy was floundering, and that it was not going to change overnight. That unknown amount of time, if he handled these debtors incorrectly, could spell disaster for both of them. Of course he did not want to lose any more money, but he did not want to lose business either.""Let me go over this tonight Leona, and thankyou."" Leona stood up and left Daniel's office, with the nice feeling of knowing that she may just have solved a very serious problem.Daniel 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 Thomas 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. Daniel was surprised: it said that his company could get up to fifty percent cash advances on load pickups. Daniel was a typical business man: he despised binding contracts that did not allow room to breathe, so he was pleasantly surprised to see that the factoring company did not require a long term contract, that there was no minimum volume required, and that there were no sign-up fees.""I must tell Clinton the good news,"" muttered Daniel to himself.Clinton is Daniel's son-in-law, and he really admired the ideas behind Thomas, so much so that only two years before he had started his own transportation service business. Daniel knew then what struggles Clinton would face but he encouraged him nonetheless. With the economy the way it was, if an established company such as Thomas was struggling then the little guys, like Clinton, were going to be in even more trouble.

 

But, an antidote may have been found in freight factoring and Daniel was soon to find out.A few months later after going through the entire application process and having the experts review his accounts receivable, credit history and statements, Daniel 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 used that time to refocus their efforts in being competitive in new territories. Daniel 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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The key reasons why Trucking Establishments Use Factoring Companies.

 

As the operator of your own business enterprise, you may perhaps be much more than mindful already of the challenge in making certain that capital matters do not become a difficulty down the line. Anyway, the most terrible thing that can quite possibly come about for your establishment is to find yourself swept up in a long and challenging circumstance that leaves you forever searching for the cash you necessitate on an continuous basis.

 

For virtually any business enterprise in this case, the challenge can come for waiting for work to lapse and actually be provided into your statement. Invoices, checks, and the like can take some time to actually to be taken care of which can easily leave you with momentary cash flow troubles. Thankfully, there are approaches out there for industries to explore-- and among these is factoring firms.

 

Factoring companies will, in exchange for your bill of sales, supply you with the resources right now to ensure you do not have to stress over the waiting phase which could make paying off the bills and purchasing toolsmore challenging. With this style of setup, invoice factoring can end up being tremendously helpful for several companies who have to avoid a money ploy which they have gotten themselves in.

 

For the reason that, basing on the scale of the work, it can take up to 60 days for several companies to get paid then it is crucial to blanket your own back and definitely not leave yourself cash short to pay the bills. After all, how many enterprises have two months income just lying there to handle all their spendings till they earn?

 

This is primarily true of truck agencies. They usually handle numbers of invoices which means a notable amount of collection time involves company owner themselves. Making an effort to get paid promptly can turn into an extraordinary trouble and this is the reason why you employ trucking factoring agencies who are thrilled to help out truckers specifically.

 

As most of us realize, trucking is an incredibly enormous industry with lots of organizations out there working with hundreds of vehicle drivers. The sad thing is, plenty of these drivers wind up in cash dilemmas since they are still anticipating work from six weeks ago to actually pay them. When this is the situation for a truck business, consulting factoring companies for support maybe the most effective choice left.

 

This signifies that a truck business can pay off the wages of the workers, keep all the cars loaded with gas and continue to scale, develop and expand without consistently waiting for the money which is taking too long to come in. Trucking Enterprises working without a factoring program implemented are leaving themselves at substantial hazard, as rivals cash out fast and go on to broaden.

 

There's genuinely very little to be distressed about when it comes to using a Factoring agency-- they typically are not like a banking company or any individual who is going to leave you with a considerable pile of liability to pay back. You give them genuine invoices from job you have already finalized , you are only speeding up the payment process.

 

In the United States, where truck agencies prosper, factoring establishments are not considered accepting loan of in any capacity. This private deal then enables both groups to profit and enjoy a convenient future-- it provides the factoring provider a guaranteed asset of income to include in the list and it provides the trucking firm the required funds that they worked hard to acquire.

 

The trucking establishment presents their accounts to the factoring enterprise. The trucking factoring firm then obtain the installment payments from the trucking company's customers. Factoring has been in existence for centuries and has been used for many years by many various business-- but none much more so than truckers. While you could miss out on a small part of the money, something like 1-3 % depending on who you partner with, it signifies that you are acquiring the resources today and can actually start off setting the resources to perform.

 

Once and for all, an IOU or an invoice is not actually going to fund spendings, is it? For trucking companies when the hard earned cash can be really good one day and gone the next, it is up to the drivers to work prudently and to make certain they are leaving themselves with a substantial measure of time and money to get through the week until they are paid again.

 

So the next occasion your trucking establishment is enduring some momentary capital problems and you are shelling out a bit too much time chasing slow paying clients, why not start off taking into consideration utilizing a factoring businesses as a manner to get your finances and give yourself a more at ease future in the eyes of your trucking personnel and your bank balance?

 

 

 

 

 

 

 

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"

The Future of a Trucking Company, and Factoring The phone was ringing on his desk, and Harry Ramirez just sat there letting it ring. He let his morning coffee cool and left his cigarette to ash itself in the tray, because he is trying to make the biggest decision ever for his trucking company. Ramirez Trucking Company was at a turning point of growth and Harry had to decide if signing with a factoring company was the right way forward.

 

Harry�s father had started as an owner-operator and had grown Ramirez 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 Harry�s mother strapped herself into a cab to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. But now things were different: the company was in Harry's hands and he needed to ensure that this business would be left in great shape for his sons.

 

There just never seemed to be enough money to go around, and certainly no spare cash, but to move his company successfully into the future he needed a steady and reliable cash flow. 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, Ramirez Trucking looked weak in a very strong market.

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Harry chuckled, thinking about his father. His father had been against placing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� He smiled to himself as he remembered his father poking fun at the other drivers who switched to automatic, even though automatic was quite obviously more efficient (though less manly). His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.

 

Harry knew he was right in his forward thinking. How would he take Ramirez Trucking to the next level? More importantly, how could he afford it? Business funding was tied up in fuel bills and the mortgage for the garage and office. 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 a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. The factoring company gives the trucking business its payment right away which allows the business to have continuous cash flow so it can pay employees, buy fuel, and make repairs for upcoming hauls. Without the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Harry had to really consider what his next step was going to be. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! He'd even heard about some companies putting you onto a sliding percentage scale regardless of any previously signed contracts for possibly 3% or 7%, and there you are now with 10% coming as a charge to you out of the freight bill. His 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. 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. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He was quite happy to sign an exclusive contract. In fact, he was quite pleased with the idea of a long-term contract because he knew this was a one-off and he would not have to keep going back and forth to different companies. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. Many companies offered a non-recourse factoring program that suited him just fine. He was more than happy with the figures he was offered in percentage terms on the freight bills. It sounded like a great scheme to him.

 

It was really refreshing dealing with the factoring people. They were extremely helpful and more personable than the bank staff. It seemed as though those bank people spoke another language, but these factoring guys knew the trucking business and spoke to him like a client, not like a beggar for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Harry because he and his father had created a very strong and loyal list of clientele over the years. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients would not have any problems, nor would they think poorly of Ramirez 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.

 

Harry stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. He suddenly realized that, with this new cash flow, he could actually expand Ramirez 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.

 

"

 

 

 

 

 

 

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Date Published- 2014- 02-09 Trucking Factoring Companies Reviews

 

"

Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. While these loans are handy they are not available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. 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. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 80%-95%. The amount of finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared 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.

 

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

 

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

 

1. There is no debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating will not be affected. 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. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable are being offered for financing. This means that it is easier for new businesses to access the finance they need through a Trucking Factoring company, providing their accounts receivable are in good order. A bank may believe you haven't been in business long enough to be able to cover this risk.

 

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

 

4.Interest is Paid Up Front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So 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, 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.While a Trucking Factoring company is not the only way for your business to obtain the money it needs to keep growing, it does offer a type of financing well worth considering.

 

"
Factoring Companies at YKLFactoring.com

 

 

 

 

 

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"

Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. While these loans are handy they are not available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. 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. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 80%-95%. The amount of finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared 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.

 

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

 

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

 

1. There is no debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating will not be affected. 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. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable are being offered for financing. This means that it is easier for new businesses to access the finance they need through a Trucking Factoring company, providing their accounts receivable are in good order. A bank may believe you haven't been in business long enough to be able to cover this risk.

 

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

 

4.Interest is Paid Up Front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So 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, 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.While a Trucking Factoring company is not the only way for your business to obtain the money it needs to keep growing, it does offer a type of financing well worth considering.

 

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