Contact Us Form

or Call Us At 866-593-2195

Email Us






















































































































































































Home page

My Company has 9 New Products - Imagine -
Our Accounts Receivable Loans
Can Give
Your Trucking Company
The Cash You Want



trucking factoring companies reviews

trucking factoring services

best trucking factoring company

factoring trucking receivables

Using a Truck Factoring Company is advantageous for several reasons. It allows a truck company to raise money without acquiring brand-new financial obligation. While debt is occasionally needed, most truck businesses would like to raise cash without obtaining cash. Financial obligation is risky, and when it can't be repaid, properties can be repossessed. If the financial obligation is huge enough, it may even require a truck businesses out of business.

Do Your Receivables Turn as Quickly as You Would Like - Choose 

A Freight�Factoring Company  Instead Of A Traditional Bank Financing

How to Enhance Cash Flow Without Loaning -Cash Money flow is one of the main reasons companies fail.

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

Money flow does not have to be a problem any ever more. Do not be deceived -- banks are not the only places you can get financing. Other options are offered and you do not have to borrow money. What is truck factoring ? One option is called accounts receivable loans. Trucking Factoring is the process of selling invoices to a financier rather than waiting to gather the money from the client. Oh, the Irony- Trucking factoring has an ironic difference: It is the financial foundation of numerous of America's most successful businesses. Why is this ironic ? Since invoice factoring is not taught in business colleges, is seldom mentioned in business plans and is fairly unidentified to the majority of most of American company individuals.

Yet it is a monetary process that releases up billions of dollars every year, enabling thousands of companies to grow and prosper. Receivable Loan Financing has been around for countless years. Receivable Loan Financing Businesses are financiers who pay cash for the right to get the future payments on your invoices. An overdue receivable or invoice has value. It is a financial obligation your customer has agreed pay in the near future. Factoring Principals--Although factoring deals exclusively with business-to-business 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 transactions. Utilizing the purest definition of the word, these big customer finance business are really just big Factoring Companies of consumer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The shop gets paid practically instantly, even though you do not make payment until you are ready.

For this service, the credit card company charges Sears a charge (typical common normal charges vary from 2 to four percent of the sale). The Advantages Receivable Loan Funding can offer numerous advantages to cash-hungry business. Rather than wait 30, 60, 90 days or longer for payment on an item that has actually currently been provided, a company can factor (sell) its receivables for money at a small discount off the amount of the invoice. Payroll, advertising efforts, and working capital are just a few of the company requirements that can be met with instant  money.

Accounts Receivable Loans provides the means for a manufacturer to replenish stock and make more products to offer: There is no longer a need to await for earlier sales to be paid. FACTORING is not simply a money management tool for producers: Almost any kind business can take advantage of Trucking Factoring. Typically, a business that extends credit will have 10 to 20 percent of its yearly sales bound in invoices at any given time. Think for a moment about how much is tied up in 60 days' worth of invoices: You can not pay the power expense or today s payroll with a client s invoice, but you can offer that invoice for the cash to satisfy those obligations. Using truck factoring companies is a fast and easy procedure. The factoring company buys the invoice at a discount, typically a few portion points less than the face value of the invoice.



Please call our
freight bill factoring experts at
1 - 888-239-9162

E-mail Us

or complete the

Trucking Factoring Request Kind


The U.s. Truck Organization
mentions that there around
205,000 work with transportation
businesses and
276,000 private companies trucking
companies certified to
run in the States that carried,
according to their newest searchings for billions of
items, supplies and
fundamental materials .
There are several usual
providers either going solo or in
groups on our country
roads transporting these
vital items to our
stores, manufacturing facilities and shipping ports.

Furthermoretruck factoring
firms support
many of them and offer their
receivables financing services
nationally comprising
including the following states.

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



View Our Truck 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:

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


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

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


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

List of Trucking Companies for Owner/Operators and Company Drivers


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


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.



Willis Truck & Haul have been operating their 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 Willis Truck & Haul was the mastermind of a top-rated accounts receivable in the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. The money was flowing, and times were great.It was just one year later, in 2008, when the economy in the United States took a sharp decline, and both large and small businesses started to notice the squeeze on their pocketbooks: everyone had suddenly gone silent. Business slowed to a crawl


. And worse yet, Willis had noticed during the early part of 2008 that though the bulk of their clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. And as spring turmed to summer and summer into the early days of fall, Gordon Spencer, CEO of Willis felt a chill go down his spine whenever he would look at the weekly A/R reports. There was a growing list of clients who now owed them back debt.He had already been to the administrators to ask what the actual problem was. Were they doing something wrong or different when it came to reaching out to delinquent accounts? By his bookkeepers records, this wasn't the case. He thought perhaps that he was losing clients to a competitor who offered rock-bottom prices with little to no guarantee of quality performance, and that the folks who owed Willis money had jumped ship and decided to leave him holding the bag.


. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. 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.This current state-of-affairs was causing Gordon Spencer to have some very restless nights. There were goods to ship, employees to pay, trucks to repair and maintain, and continuous overheads that were very extensive when compared to the funds (or lack of) that were incoming. In the evenings he would discuss his concerns with his wife, Bernice, and still find no relief from the worry and frustration.


""Lin, I have a really bad feeling,"" he would say with deep woe.""Well, what do you think it is?"" she would say.Gordon 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 Gordon. ""I've relied too long on the profits I receive from invoices alone. For too long I've been allowing our clients to let their accounts become overdue."" Linda could only grab her husband's hand and look at him lovingly, ""It's a hard economy. It might be awhile until things get settled up.


""Gordon knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds.The following day Gordon walked into his office with a spring in his step, determined to call each and every client who owed money to Willis Truck & Haul. This wasn't really a very efficient way for a Chief Executive to spend his day, and Gordon 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. 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, Gordon knew that he was in trouble.


Poor Gordon 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.


""Gordon, can I have a word?"" she asked standing in the doorway.


""Of course Amber, please come in."" Gordon relaxed back into his chair and looked up at Ambererley.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Gordon."" 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?"" Ambererley asked.""It sounds vaguely familiar. What is it?"" he said.She began, ""Well, it's really very simple. Basically, factoring invoices means that we would get paid immediately for the loads we haul.""""Immediately?"" Gordon interrupted.""Yes, immediately,"" she continued, ""In a nutshell, it's 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.. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It�s a broad view.��Gordon 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. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.


The company will advise us the cost to purchase factoring for our company's accounts receivable. The funding commences once we�ve arrived at an agreement.�Leaning forward, Gordon studied the documents very closely.""I don't know, Amber - it just sounds too good to be true"", Gordon said quietly.""Now, now, I know, I thought the same thing. But think about it, Gordon: 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 Gordon,"" she underlined a paragraph on the paper 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. It only takes 2 to 4 days for this to be figured out. """"It does all sound pretty good, remembering that we're all tapped out now with loans from the bank last year to repair vehicles, and we all know just how tight money is. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" said Gordon.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. I think this might just be a way out of the trouble we're in with these folks who owe us money.""Gordon thought about this and agreed with Ambererley. The clients who owed them money were long standing friends and professional resources of Willis. They didn't want to throw away these relationships because they were having trouble paying their bills now. Gordon 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. 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 Amber, thank you."" Amber stood up and left Gordon's office, with the nice feeling of knowing that she may just have solved a very serious problem.Gordon sat behind his desk and looked over the details Amber had not mentioned in their meeting. What other issues could freight factoring help Willis with? With his pencil gliding down the sheet he noticed that the factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. Gordon was surprised: it said that his company could get up to fifty percent cash advances on load pickups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.""I must tell Ronnie the good news,"" Gordon muttered to himself.Gordon's son-in-law, Ronnie, loved the idea behind Willis 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 Gordon knew the struggles Ronnie would face, but he still encouraged him to follow his dream. With the economy the way it was, if an established company such as Willis was struggling then the little guys, like Ronnie, were going to be in even more trouble.


But, maybe the answer for both of them was in freight factoring, and Gordon was going to find out very soon.A few short months later, after completing the application process, having the legal experts review his credit history, accounts receivable, and statements, finally Gordon was beginning to find his way out of the hole his debtors had created for him.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They used that time to refocus their efforts in being competitive in new territories. Gordon 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 Thomas Taylor let the phone ring on his desk. His morning coffee cooled and his cigarette smoked away in the tray: Thomas is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Taylor Trucking Company was at a turning point of growth and Thomas had to decide if signing with a factoring company was the right way forward.


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


To move Taylor Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. He had employees to pay. They all have families and the usual household bills. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requests for loads of agricultural and energy equipment. He knew that turning down these requests made Taylor Trucking look inefficient and weak in what was currently a strong market.


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


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


He wondered about factoring - was this the answer for him? 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 this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. During those thirty days the trucking company can't pay its employees and bills with invoices.


Thomas had to really consider what his next step was going to be. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. Worse still, if the customer defaulted on payment, the factoring company takes it out of the money supposedly coming to you! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His 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. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He was quite happy to sign an exclusive contract. He liked the idea of a long term commitment so he knew he wouldn�t have to bother going back and forth to different companies and wasting time filing more forms. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. 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 were not interested in his credit nor the financial problems his father had experienced in the past. Factoring was based on the credit of his customers and on their reliability which worked well for Thomas because he and his father had built up good strong relationships over decades with their list of clients. So he knew they would understand when the factoring company contacted them for the invoices. His clients wouldn't have any problems, nor would they think poorly of Taylor Trucking, because the factoring companies handle themselves in such a polite and professional manner, similar to the way his father had managed the business in the past.


Feeling happier now, Thomas stepped out of his office to advise his secretary to expect to receive the contract very shortly from the factoring company. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. With the capabilities of this new cash flow, Thomas could actually expand Taylor Trucking Company further across the country and perhaps even go international into Canada. He was a happy man again knowing that he had just made a decision which would guarantee the success of his business and his sons wouldn't be inheriting a financial mess.





Watch Our Trucking Factoring Videos For More Information










Trucking Factoring  Articles

�So, this is not a loan?� asked Dwight James, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she said.Dwight James 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 Brett. He named his business Crawford Trucking, named after Donald and Shane, his two grandfathers. They had both been hardworking men, and had done a lot to make Dwight the same.Disaster had struck half a year ago, when two trucks in Brett�s fifteen truck fleet went down. One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. The financial security of Brett'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 Dwight 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. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Dwight was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he couldn't have predicted, and he had to figure out a way to keep his business from hurting, or even going under.That�s where the woman across the desk came in. Dwight knew she was employed by a Factoring company and that her name was Joy. 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 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. This is a win-win situation: we're 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.Dwight agreed. It sounded good to him, almost too good.Joy laughed. �You look like you don�t believe me,� she said.�No, I do, I just think it sounds a bit too good to be true. I thought I was going to lose my company.�Joy 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. Sometimes you need help. That's why we do what we do.��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 Joy with a smile. �Let�s see what we can do to help you.�And with that they set about making a profile.


Dwight filled the form out, with Joy available to help him if he needed it. The profile filled Joy and her company in on Brett�s company, and would help them determine if he was suitable for factoring. In truth, not all companies were. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. Listening as Dwight filled out his form, Joy was pretty sure he was a perfect candidate for factoring.When the form was done Joy took it and slid it into her briefcase. She then stood, reached across the desk and shook Brett�s hand. He stood before they shook as well, and then smiled. They said their goodbyes and Dwight walked her to the door, and then returned to his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He shut his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. Talking to Joy 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.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 still here; he knew this was the right path for him, and he felt proud that he had taken the appropriate steps to sort out his problems.His mind wandered back to the very beginning, when he first started his business. At twenty-two and straight out of school he had opened a restaurant. It had been successful. Home cooking in his hometown, and he had done very well.But it wasn't what he really wanted to do. 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 Crawford Trucking. So he did it. For the second time in his short life he created a company from the ground up. He had been successful.And then the trucks went down, and his success looked to be in flux. He was nearing fifty. He didn�t think he had it in him, to save this company. But giving up wasn't part of his personality either.


The idea of cutting his losses, shutting down, laying off his workers, it actually made him sick some nights. He didn't want to quit - both for himself and for his staff members.And now, because of factoring, he was sure he wouldn�t have to. Brett's eyes opened, he sat forward in his chair and turned on his computer. He had things to do. He could be thankful later, for now, it was time to work.





More Trucking Factoring Company Story Articles

The reason why Truck Corporations Employ Factoring Companies.


As the owner of your own business enterprise, you may well be more than wary already of the challenge in making sure that capital concerns do not become a difficulty down the line. After all, the most disappointing thing that can possibly happen for your establishment is to find yourself embroiled in a long and challenging condition that leaves you forever searching for the money you are in need of on an continuing basis.


For pretty much any establishment in this condition, the complication can come for waiting for work to clear up and actually be brought in into your account. Statements, checks, and the like can take a while to actually to beprocessed which may leave you with short-term cash flow troubles. Luckily, there are options out there for industries to investigate-- and one of these is factoring firms.


Factoring companies will, in substitution for your statements, give you with the resources immediately in order that you don't have to fret about the waiting duration which could make paying the bills and purchasing materialsmore challenging. With this style of setup, invoice factoring can come to be remarkably helpful for a lot of establishments who have to get out of a money trap which they have discovered themselves in.


Due to the fact that, basing on the scale of the project, it can take up to 60 days for many companies to get paid out then it's crucial to cover your own back and definitely not leave yourself money short to pay off the monthly bills. After all, how many businesses possess two months earnings just lying there to cover all their expenditures until they make money?


This is especially true of truck enterprises. They tend to manage numbers of invoices which means a significant volume of collection time concerns company owner themselves. Trying to get paid out promptly can eventually become an incredible trouble and this is the key reasons why you work with truck factoring organizations who are thrilled to help out truckers exclusively.


As most of us determine, trucking is an remarkably massive field with lots of firms out there hiring hundreds of operators. Regrettably, numerous of these drivers land up in finances troubles considering that they are still expecting work from six weeks ago to actually compensate them. When this is the condition for a trucking company, choosing factoring firms for solutions could be the best choice left.


This implies that a trucking business can pay out the wages of the crew, keep all the vehicles filled with gas and continue to escalate, thrive and expand without continually waiting for the income which is taking too lengthy to come in. Trucking Establishments running without a factoring program put in place are leaving themselves at critical threat, as contenders cash out rapidly and continue to grow.


There's genuinely almost nothing to be worried about when it comes to making use of a Factoring business-- they typically aren't like a banking company or somebody who is going to leave you with a large heap of personal debt to repay. You give them authentic invoices from job you have already finalized , you are only speeding up the repayment system.


In the United states of America, where trucking enterprises succeed, factoring enterprises are not considered accepting loan of in any capacity. This private arrangement then makes it possible for both parties to benefit and indulge in a comfortable future-- it provides the factoring business a warranted resource of earnings to add to the list and it gives the trucking company the required finances that they worked hard to get.


The trucking business bestows their accounts to the factoring firm. The trucking factoring business then take the payments from the trucking company's clients. Factoring has been in existence for hundreds of years and has been utilized for many years by several diverse markets-- but none more so than truckers. While you may well miss out on a small part of the money, something like 1-3 % depending on who you collaborate with, it means that you are receiving the money today and can actually start off setting the funds to do work.


Once and for all, an IOU or an invoice is not going to finance bills, is it? For trucking companies when the cash can be really good one day and gone the next, it's up to the drivers to work prudently and to ensure they are leaving themselves with a considerable volume of time and finance to get through the week up until they are paid once again.


So the next occasion your trucking establishment is having some temporary cash flow challenges and you are putting in way too much time chasing sluggish paying clienteles, why not start off looking into utilizing a factoring companies as a manner to get your finances and give yourself a more pleasant future in the eyes of your trucking personnel and your bank dividend?








Bank Loans


Bank loans are an extremely traditional way for a business to get financing. While these loans are handy they are not available to every business. 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. 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.


Trucking Factoring Companies


Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. The Trucking Factoring company purchases your accounts receivable, or part of them, for a certain percentage of their value - this is normally about 80-95%. The amount of money you can receive is based on the amount of money you have earned and the accounts receivable you are willing to �sell.� Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.


Benefits of a Trucking Factoring Company Vs. A Bank Loan


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


1. You Won't Incur Debt. You don't incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating won't be affected. Should the unforeseeable happen and your business fails, you won't have to worry about anyone coming after your personal as well as your business assets to pay off a loan. The debt goes onto your credit report with a bank loan, with only one missed payment adversely affecting your business credit: it would also affect your ability to secure insurance, and may reflect on your personal credit rating as well.


2. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you aren't required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable are being offered for financing. This makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.


3. Receive Your Money Faster. 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.You receive interest up-front. With a bank loan interest continues to build, and this has to be paid the whole time you have a business loan; however with a Trucking Factoring company there is no interest - they take it right off the top by deducting it from the total amount of receivable accounts. So not only are you relieved of those monthly loan payments, but you also don't have to worry about the building up of interest, as every penny in the account is yours to spend on the business.


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


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





Accounts Receivable Buyers


Accounts Receivable Factor


Accounts Receivable Factoring


Accounts Receivable Factoring Companies


Accounts Receivable Factoring Rates


Accounts Receivable Financing


Accounts Receivable Financing Companies


Accounts Receivable Financing Rates


Accounts Receivable Lending


Accounts Receivable Loans


Best Factoring Companies


Best Factoring Companies For Freight Brokers


Best Freight Factoring Companies


Best Invoice Factoring Company


Best Rated Factoring Companies


Best Truck Factoring Companies


Best Trucking Factoring Company


Business Accounts Receivable Loans


Buy Accounts Receivable


Buy Receivables


Factoring Business


Factoring Companies Brokers


Factoring Companies For Freight Brokers


Factoring Companies For Small Businesses


Factoring Companies Reviews


Factoring Companies Truckers


Factoring Companies Used By Trucking Companies


Factoring Company


Factoring Company Rates


Factoring Financing


Factoring Loan


Factoring Loans


Factoring Receivables Companies


Factoring Services


Factoring Services For Trucking Companies


Factoring Small Business


Find The Best Factoring Companies


Freight Bill Factoring


Freight Bill Factoring Companies


Freight Broker Factoring Companies




Freight Factoring Companies


Freight Factoring Company


Freight Factoring Services


Freight Invoice Factoring


Invoice Factoring Companies


Invoice Factoring Rates


Invoice Factoring Reviews


Invoice Factoring Services


Largest Factoring Companies


List Of Factoring Companies


Medical Factoring Companies


Medical Staffing Factoring


Oilfield Services Factoring Companies


Oilfield Factoring Companies


Oilfield Services Factoring


Receivable Factoring


Receivable Factoring Companies


Receivable Factoring Rates


Receivable Loan


Receivables Factoring


Receivables Factoring Companies


Receivables Factoring Rates


Receivables Factoring With Recourse


Reviews The Best Factoring Company For Trucking


Sale Of Accounts Receivable


Sale Receivables


Sell Account Receivables


Sell Receivables


Sell Your Accounts Receivable


Staffing Factoring


Staffing Factoring Companies


Staffing Factoring Companies


Top Factoring Companies


Top Invoice Factoring Companies


Top Rated Factoring Companies


Transportation Factoring


Transportation Factoring Trucking


Truck Factoring Companies


Trucker Factoring


Trucking Factoring Companies