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"

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

"

Maine

Maine Cities

 

Your Company could have heard of freight brokerage factoring but most people may well mistake what it is or much more importantly exactly what it can possibly do for your firm. Receivable Funding likewise referred to as accounts receivable funding is a form of asset based lending that can improve a firm's short-term cash needs. This is not a loan; no debt is assumed by freight brokerage factoring ,and the financing is unconstrained. Billing Accounts Receivables Companies in Credit To Accounts Receivable Maine Factoring Company at Staffingresource.org- presenting notes receivable services maine-factoring-company

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Portland

Maine

Billing Accounts Receivables Companies

So the next moment your trucking enterprise is enduring some short-term cash flow challenges and you are investing a lot of time chasing inactive paying clienteles, why not start thinking about employing a factoring businesses as a way to get your money and give yourself a more pleasant future in the eyes of your trucking staff and your bank dividend?

 

Receivablefactoring.Org

Accounts Receivables Companies

So the next instance your trucking enterprise is bearing some short-term capital concerns and you are investing way too much time chasing sluggish paying clients, why not start looking at utilizing a factoring businesses as a manner to get your cash and give yourself a more pleasant future in the eyes of your trucking team and your bank balance?

 



Factoring Companies Reviews at Accountreceivablepurchasing.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.

 

Trucking Factoring Companies

So the next moment your trucking enterprise is enduring some short-term cash flow challenges and you are investing a lot of time chasing inactive paying clienteles, why not start thinking about employing a factoring businesses as a way to get your money and give yourself a more pleasant future in the eyes of your trucking staff and your bank dividend?

 



Factoring Companies Reviews at Accountreceivablepurchasing.Com

 

 

 

Factoring Services For Trucking Companies

 

Factoring Services For Trucking Companies

 

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

Cash flow does not have to be an issue any more. Do not be deceived -- banks are not the only locations you can get funding. Other options are offered and you do not have to borrow. Exactly what is truck factoring ? One solution is called truck factoring. Truck Factoring is the process of selling accounts receivable to a financier rather than waiting to gather the money from the customer. Oh, the Irony- Trucking factoring has a paradoxical difference: It is the financial foundation of numerous of America's most successful companies. Why is this paradoxical ? Since commercial factoring is not taught in business colleges, is rarely mentioned in business strategies and is relatively unidentified to bulk of most of American business individuals.

Yet it is a financial process that frees billions of dollars every year, allowing countless companies to grow and prosper. Receivable Funding has actually been around for countless years. Accounts Receivable Factoring Businesses are investors 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 actually agreed pay in the near future. Factoring Principals--Although factoring offers solely with business-to-business deals, a large portion of the retail business uses a factoring principal. MasterCard, Visa, and American Express all utilize a type of factoring in their retail deals. Using the purest definition of the word, these big customer finance business are really simply large Receivable Financing Companies of customer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The shop gets paid practically immediately, although you do not pay up until you are prepared.

For this service, the charge card company charges Sears a fee (typical common normal fees range from 2 to 4 percent of the sale). The Benefits Factoring can offer numerous advantages to cash-hungry business. Instead of waiting 30, 60, 90 days or longer for payment on a product that has actually currently been provided, a company can factor (sell) its receivables for cash at a small price cut off the amount of the invoice. Payroll, marketing efforts, and working capital are just a few of the business requirements that can be met with instant  money.

Accounts Receivable Factoring provides the means for a manufacturer to renew stock and make more items to sell: There is no longer a need to wait for earlier sales to be paid. Receivable Loan Financing is not just a cash management device for manufacturers: Almost any type business can take advantage of Receivable Loan Financing. Typically, a business that extends credit will have 10 to 20 percent of its annual sales bound in accounts receivable at any given time. Think for a minute about exactly how much is bound in 60 days' worth of invoices: You can not pay the power expense or today s payroll with a customer s invoice, however you can offer that invoice for the cash to meet those responsibilities. Using trucking factoring companies is a fast and easy process. The factor buys the invoice at a discount, usually a few percentage points less than the stated value of the invoice.

Best Factoring Companies-Assetbasedfactoring.Org

 

Maine Factoring Company

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The American Truck Organization
states that there around
205,000 workers with transportation
firms and
300,000 private providers trucking
firms licensed to
run in the United States that transferred,
according to their latest data of millions
products, supplies and
standard products .
There are several usual
providers either going solo or in
groups on our nation
roadways transferring these
important products to our
stores, manufacturing facilities and harbors.

Also  trucking factoring
companies service
several of them and offer their
accounts receivablesfinancing services
nationwide counting
including the following states.


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

Maine Factoring Company

 

View Our Trucking Factoring Companies YouTube Videos For More Information

 

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

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.

 

EveryJob is a free service dedicated to helping professional truck drivers find new truck driving jobs with the best trucking companies hiring today!

Locate truck driving jobs by city, state, position andenefits offered. Search current driving jobs and fill out the EZ truck driver application customized for cdl trucking jobs

 

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.

 

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

 

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

 

EveryJob is a free service dedicated to helping professional truck drivers find new truck driving jobs with the best trucking companies hiring today!

Locate truck driving jobs by city, state, position andenefits offered. Search current driving jobs and fill out the EZ truck driver application customized for cdl trucking jobs

 

 

 

Watch Our Factoring Video For More Information

 

 

http://factoringinvoicediscounting.org

 

 

Factoringinvoicediscounting.Org

 

 

 

My Company has 9 New Products - Imagine

 

"

�So, this is not a loan?� Ramon Myers asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Ramon smiled at him, shaking her head.�No, not exactly,� she stated.Ramon was the owner of a small trucking company which had fallen on some hard times recently. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Richard. His company was called Walters Trucking, named after both of his grandfathers, Corey and Ray. Both of these men had been very hardworking and had set a great example for Richard.Six months ago disaster struck Richard'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 Richard's company relied on his full fleet on fifteen being on the road, and missing two trucks was just devastating . In addition, he just did not have the available cash to buy a new truck, plus repair the other one.A big problem a lot of trucking companies came across was how bills were paid in the industry. Waiting a month or longer for bills to be paid was quite normal. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Ramon was an excellent business man, and he certainly hadn't done anything wrong. Certain events had occurred that he could not possibly have predicted, and now he had to find a way to protect his business and prevent it from ultimate devastation.That�s where the woman across the desk came in. Her name was Irene and she worked for a factoring company. Ramon had come across her company as he sat in his office late one night, pouring over the internet for some solution to his problem long after his employees had gone home.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 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.Ramon nodded. It sounded good to him, almost too good.Irene laughed. �You look like you don�t believe me,� she chuckled.�Oh no, I do: it just sounds too good to be true. I thought I was going to lose my company.�Irene nodded. �Yes, we get a lot of that. Listen, I�d hate to see you lose your company. We know how hard you work, and that you've invested everything in your business. We all need help sometimes. That�s what we�re here for.""Well, I'm very grateful that you came to see me today.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� Irene said with a smile. �Let's work out a solution to your problem.�And with that they set about making a profile.

 

Ramon completed the form, with Irene offering advice as needed.

 

The completed profile gave Irene and her company all the information they needed on Richard's business, and with this information they would determine if this business would in fact be suitable for Factoring. In truth, not all companies were. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. As Ramon completed his form, Irene listened to his story and she felt quite sure he would be the ideal candidate for Factoring.Irene took the completed form and placed it in her briefcase. Standing up, she reached over the desk and shook Richard's hand. He stood before they shook as well, and then smiled. Ramon walked Irene to the door where they said 'Goodbye', then he went back into his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He shut his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. But now, after speaking to Irene and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He relaxed into his chair, running his hand through his thick black hair with its telling streaks of grey.All those long, sleepless nights. The sudden panic attacks, not matter where he was. He could feel it all fading away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was there, he was on the right path, and he was working to make things right.His mind wandered back to the very beginning, when he first started his business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been really successful. Offering home cooking in his own hometown, his business had really prospered.But it wasn't what he really wanted to do. His passion didn�t lie with the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took half a year off, and in that time he thought to start Walters Trucking. So he did it. For the second time in his short life he created a company from the ground up. He had been successful.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was nearing fifty. He was concerned that he just did not have the energy left to try and save the business. But he couldn�t give up. Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically sick some nights. He did not want to quit - both for himself and for his staff members.And now it seemed as though he would not have to - all because of Factoring. Ramon opened his eyes, sat forward, turned his computer on. He had things to do. He could be thankful later, for now, it was time to work.

 

"

 

 

 

 

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Freight Factoring For Brokers

 

"

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

 

. Worse still, it was noticed by George in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. Spring changed to summer, summer changed to fall, and the CEO of George, Claude West, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. There was a growing list of clients who now owed them back debt.He had gone to his administrators and asked them what the problem had been. Were they doing something wrong or different when it came to reaching out to delinquent accounts? 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. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of George hadn't gone elsewhere. The had just gone!.This current state-of-affairs was causing Claude West 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, Joy, and still find no relief from the worry and frustration.

 

""Lin, I have a really bad feeling,"" he would say with deep woe.""What could you do differently?"" she would ask.Claude 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 traveling, bringing goods to all of his clients. But somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. What on earth was happening to create the death of his business?""I know what it is,"" said Claude. ""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."" All Joy could do was hold his hand and look at him tenderly. 'We know it is a difficult economy at the moment - perhaps it will take a while for people to get on top of their bills'.""Claude 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 Claude walked into his office with a spring in his step, determined to call each and every client who owed money to George Truck & Haul. Now, it wasn't the most efficient way to spend a day as a chief executive, what he really needed to be doing was to be overseeing all of the other intricacies of shipment and delivery and reaching out to prospective clients or retraining his sales team to do the same. But, he felt like he was doing something proactive to help his business, even though he had staff on salary to do just that thing. Wasting money, wasting time - even with the best of intentions, Claude knew that he was in trouble.

 

Poor Claude 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.

 

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

 

""Sure thing Mary, come on in."" Claude relaxed back into his chair and looked up at Maryerley.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Claude."" She opened up a folder she had been carrying and pulled out a small wad of papers, placing them on the desk in front of him.""Have you ever heard of factoring?"" she asked.""It does sound vaguely familiar. What is factoring""? he asked.""Well,"" she began, ""It�s actually quite simple really.

 

So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Immediately?"" Claude interrupted.""Immediately, yes"" she added, ""it is actually very simple. We start by having a professional account manager review our figures and help us set up a company profile. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It�s a broad view.""I see,� Claude said. �And then what?""Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.

 

This company tells us what the cost will be to purchase factoring for our accounts receivable. We come to an agreement and the funding starts pouring out.�Leaning forward, Claude studied the documents very closely.""I do not know, Mary - it just sounds too good to be true"", Claude said quietly.""Yes, I know; that's exactly what I thought at the beginning. But think about it, Claude: 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, Claude,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked Claude.""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.

 

""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. it is imperative that we keep the business rolling as usual, and every day we go unpaid we are getting closer and closer to dealing with some serious issues in both the short term and the long term,"" said Claude.Claude took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Precisely�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Claude took a moment to think about this solution, and agreed with his secretary. The clients who owed them money were long standing friends and professional resources of George. Just because they were experiencing difficulties paying their own bills now, Claude was very concerned about losing these relationships. He was well aware that the economy was in a bad way and that it might be quite a while before things started picking up. If he did not handle these debtors in the right way, that unknown amount of time could spell disaster for all of them. He did not want to lose business but he also did not want to lose any more money.""Let me go over this tonight Mary, and thankyou."" Mary stood up and left Claude's office, with the nice feeling of knowing that she may just have solved a very serious problem.Claude sat behind his desk and looked over the details Mary had not mentioned in their meeting. What other issues could freight factoring help George with? With his pencil gliding down the sheet he noticed that the factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. In fact, George could receive up to fifty-percent cash advances upon load pick-ups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.""Well, I'll have to tell Alan about this,"" Claude muttered to himself.Claude's son-in-law, Alan, loved the idea behind George 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. Claude knew then what struggles Alan would face but he encouraged him nonetheless. With the economy the way it was, if an established company such as George was struggling then the little guys, like Alan, were going to be in even more trouble.

 

But, maybe the answer for both of them was in freight factoring, and Claude was going to find out very soon.A few months later after going through the entire application process and having the experts review his accounts receivable, credit history and statements, Claude found himself beginning to dig his way out of the hole his delinquent account holders had created for him.They adopted reasonable factoring purchase contracts and stopped wasting their own precious time trying to collect debts. They used that time to refocus their efforts in being competitive in new territories. Claude 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.

 

"

 

 

 

 

 

 

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Trucking Factoring Company

 

Reasons why Truck Firms Use Factoring Firms.

 

As the manager of your own establishment, you may well be much more than knowledgeable already of the difficulty in making certain that cash flow concerns do not become a difficulty down the line. Anyway, the worst thing that can potentially come about for your business is to find yourself embroiled in a long and perplexing circumstance that leaves you forever searching for the cash you are in need of on an continuing basis.

 

For pretty much any enterprise in this predicament, the concern can come for waiting for work to clear up and actually be repaid into your account. Bill of sales, checks, and the like can take some time to actually to beprocessed which may leave you with momentary available resources issues. Thankfully, there are opportunities out there for firms to investigate-- and among these is factoring agencies.

 

Factoring firms will, in trade for your accounts, give you with the money now so that you do not have to stress over the delaying phase that could make paying the bills and getting toolsmore difficult. With this style of system, invoice factoring can come to be remarkably practical for plenty of companies who have to get out of a cash trap which they have discovered themselves in.

 

Since, depending on the volume of the project, it can take up to 60 days for a number of establishments to get paid out then it is necessary to take care of your own back and certainly not leave yourself resources short to pay off the bills. After all, how many business enterprises possess two months revenue just lying there to deal with all their spendings till they make money?

 

This is most notably true of trucking firms. They usually manage great deals of accounts which means a serious volume of collection period concerns business owner themselves. Making an effort to get paid promptly can become an extraordinary difficulty and this is why you employ trucking factoring companies who are thrilled to help out truckers mainly.

 

As all of us determine, trucking is an extremely massive field with many agencies out there working with hundreds of vehicle drivers. Regrettably, quite a few of these drivers land up in cash difficulties given that they are still anticipating work from six weeks earlier to actually pay them. When this is the situation for a truck business, choosing factoring companies for help maybe the best alternative left.

 

This indicates that a truck company can pay the wages of the staff, keep all the trucks refilled with gas and continue to surmount, grow and expand without constantly waiting for the income which is taking too lengthy to come in. Trucking Establishments working without a factoring system used are leaving themselves at significant threat, as contenders cash out promptly and go on to grow.

 

There's honestly not a thing to be worried about when it comes to working with a Factoring business-- they typically are not like a banking company or someone who is going to leave you with a massive mound of financial obligation to pay back. You give them genuine invoices from output you have already finalized , you are only speeding up the payment process.

 

In the Usa, where truck establishments succeed, factoring providers are not considered borrowing in any capacity. This confidential arrangement then lets both parties to profit and take joy in a good future-- it provides the factoring provider a warranted resource of earnings to include in the list and it supplies the trucking company the required money that they worked hard to generate.

 

The trucking firm bestows their invoices to the factoring enterprise. The trucking factoring company then receive the payments from the trucking company's clients. Factoring has been in existence for centuries and has been adopted for several years by plenty of various business-- but none more so than truckers. While you could lose out on a small part of the money, something like 1-3 % depending on who you team up with, it indicates that you are obtaining the resources today and can actually start putting the resources to operate.

 

Once and for all, an IOU or an invoice is absolutely not going to finance spendings, is it? For trucking firms when the money can be good one day and gone the next, it is up to the drivers to work sensibly and to make sure they are leaving themselves with a significant quantity of time and finance to get through the week till they are compensated once again.

 

So the next moment your trucking enterprise is bearing some short-term capital problems and you are investing a bit too much time chasing sluggish paying clienteles, why not begin considering making use of a factoring companies as a means to get your money and give yourself a more at ease future in the eyes of your trucking personnel and your bank balance?

 

 

 

 

 

 

 

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Freight Forwarding Factoring

 

"

Factoring in the Future of a Trucking Business: A Story Tony Hamilton let the phone ring on his desk. His morning coffee cooled and his cigarette smoked away in the tray: Tony is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Hamilton Trucking Company had reached a turning point and he now had to make a decision as to whether he should sign up with a factoring company, and indeed if this would be a good or regrettable decision for his business.

 

More than forty years ago Tony's father had started this business working as an owner-operator and eventually growing Hamilton Trucking Company into a fifteen trailer fleet. There had been some hard times when it seemed everything was going to go under and even Tony�s mother strapped herself into a cab to make hauls. His father had lived long enough to witness the price of hires drop during the recession and watch the eruption of fuel prices afterwards. Now the company was solely in Tony�s hands and he wanted to live to see it in better 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. His employees needed to be paid. They had families and household bills too. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requests for loads of agricultural and energy equipment. Every time he had to turn down a request, Hamilton Trucking looked weak in a very strong market.

 

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

 

Tony believed a successful man is always thinking of his next step. How would he take Hamilton 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.

 

He wondered about factoring - was this the answer for him? If he was being honest, he did not really understand how it all worked. It sounded a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. In return, the factoring company pays the trucking business straight away, providing immediate cash flow for the business to pay staff, purchase fuel, and do any repairs or maintenance. Without this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. During those thirty days the trucking company cannot pay its employees and bills with invoices.

 

Now it was time for Tony to do his homework. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His 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?

 

But it turned out to be quite easy. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He didn�t mind signing 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. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It sounded like a great scheme to him.

 

For Tony it was quite a relief to be dealing with the factoring company. They were extremely helpful and more personable than the bank staff. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies were not interested in his credit nor the financial problems his father had experienced in the past. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Tony because he and his father had created a very strong and loyal list of clientele over the years. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients wouldn�t think poorly of Hamilton Trucking and the factoring companies appeared capable of handling the accounts receivable in the same polite manner that his father had used over the years.

 

Tony 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. With the capabilities of this new cash flow, Tony could actually expand Hamilton Trucking Company further across the country and perhaps even go international into Canada. His heart felt full knowing his sons wouldn�t have to worry about money because of the right decisions he had made for their trucking business.

 

"

 

 

 

 

 

 

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Truck Factoring Calculator

 

Date Published- 2014- 10-10 Freight Bill Factoring Companies

 

"

Bank Loans

 

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

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies 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. 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 finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to sell. Once you have set up Trucking Factoring account it continues as long as you wish it too and the amount of money available to you even can grow as your business grows, giving you the ready cash you need to meet your own obligations.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. There is no debt. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. This has many benefits including the fact, that this type of financing will not affect either your business credit rating or your personal credit rating. In the event that your business fails, you would not have to be concerned about someone coming after your personal or your business assets in order to pay off a loan. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.

 

2. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you 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. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. This means that it 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. 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. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.

 

4.Interest is Paid Up Front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So not only are you relieved of those monthly loan payments, but you also do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

As you can see, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. 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 good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.A Trucking Factoring company is not the only method of gaining access to finance for the running and growing of your business, however it does offer a financing option well worth considering.

 

"
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"

Bank Loans

 

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

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies 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. 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 finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to sell. Once you have set up Trucking Factoring account it continues as long as you wish it too and the amount of money available to you even can grow as your business grows, giving you the ready cash you need to meet your own obligations.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. There is no debt. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. This has many benefits including the fact, that this type of financing will not affect either your business credit rating or your personal credit rating. In the event that your business fails, you would not have to be concerned about someone coming after your personal or your business assets in order to pay off a loan. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.

 

2. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you 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. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. This means that it 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. 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. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.

 

4.Interest is Paid Up Front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So not only are you relieved of those monthly loan payments, but you also do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

As you can see, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. 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 good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.A Trucking Factoring company is not the only method of gaining access to finance for the running and growing of your business, however it does offer a financing option well worth considering.

 

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