Contact Us Form

or Call Us At 866-593-2195

Email Us





































































































































































































































Home page

Is The Life of a Receivable Worth $1 to You -
Our Factoring Companies Reviews
Can Give
Your Freight Company
The Cash You Need



trucking invoice factoring companies

transportation factoring solutions

trucking invoice factoring companies

factoring companies for trucking industry

Factoring invoices is advantageous for a number of factors. It permits a trucking business to raise money without acquiring new financial obligation. While financial obligation is often needed, the majority of trucking companies would prefer to raise money without obtaining money. Debt is high-risk, and when it can't be paid back, properties can be repossessed. If the financial obligation is big enough, it may even compel a trucking firms out of business.

How Much is Your Cash Flow "Tension" Costing Your Company - Select 

An Invoice Factoring Company Instead Of A Typical Bank Financing

How to Enhance Money Flow Without Borrowing -Cash Money flow is among the primary reasons businesses fail.

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

Money 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 solutions are offered and you do not have to borrow. Exactly what is trucking factoring ? One option is called factoring companies reviews. Truck Factoring is the procedure of offering invoices to an investor rather than waiting to gather the money from the customer. Oh, the Irony- Trucking factoring has a paradoxical difference: It is the financial backbone of many of America's most successful companies. Why is this ironic ? Since accounts receivable factoring is not taught in business colleges, is rarely mentioned in business plans and is fairly unidentified to bulk of most of American business individuals.

Yet it is a monetary procedure that frees billions of dollars every year, enabling thousands of companies to grow and prosper. Trucking Factoring has actually been around for countless years. Receivable Loan Financing Businesses are financiers who pay cash for the right to receive the future payments on your invoices. An overdue receivable or invoice has value. It is a debt your client has actually agreed pay in the near future. Factoring Principals--Although factoring offers exclusively with business-to-business deals, a large percentage of the retail company utilizes a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail deals. Utilizing the purest definition of the word, these big consumer finance business are truly just big Receivable Loan Financing Businesses of consumer paper. Consider it: You make a purchase at Sears and charge it to your MasterCard. The store gets paid almost immediately, even though you do not make payment until you are ready.

For this service, the charge card company charges Sears a fee (typical common normal fees vary from two to 4 percent of the sale). The Benefits Invoice Factoring can provide numerous benefits to cash-hungry companies. Rather than wait 30, 60, 90 days or longer for payment on a product that has actually already been delivered, a business can factor (sell) its receivables for cash at a little price cut off the dollar value of the invoice. Payroll, advertising efforts, and working capital are just a few of the company requirements that can be satisfied with instant  money.

Factoring Companies Reviews provides the ways for a producer to renew inventory and make even more products to sell: There is no longer a need to wait for earlier sales to be paid. Receivable Loan Financing is not simply a money management device for producers: Almost any type business can benefit from Factoring. Typically, a business that extends credit will have 10 to 20 percent of its yearly sales bound in accounts receivable 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 this week s payroll with a client s invoice, but you can sell that invoice for the cash to meet those obligations. Using truck factoring companies is a quick and simple process. The factor buys the invoice at a price cut, typically a couple of 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 American Truck Organization
specifies that there are about
200,000 workers with truck
businesses and
300,000 personal companies trucking
companies licensed to
operate in the United States that transferred,
according to their newest listings of millions of
products, materials and
standard materials .
There are a number of common
carriers either going solo or in
teams on our country
roadways carrying these
crucial items to our
shops, factories and harbors.

Moreoverfreight bill factoring
firms service
many of them and offer their
receivable loan facilities
nationally including
including the following states.

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



Watch Our Factoring 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:

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


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


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.


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

Locate truck driving jobs by city, state, position andbenefits offered. Search current driving jobs and fill out the EZ truck driver application customized for cdl trucking jobs is a free service dedicated to helping professional truck drivers find new truck driving jobs with the best trucking companies hiring today!

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




Torres 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 heady times from 2002 to 2007, Torres was a top rated accounts receivable mastermind of the trucking industry. Very few customers were behind on their bills, and those customers who were late turned in their overdue payments within an acceptable time frame. Cash was flowing and times were good for all.It was just one year later, in 2008, when the economy in the United States took a sharp decline, and both large and small businesses started to notice the squeeze on their pocketbooks: everyone had suddenly gone silent. Business slowed down. Worse still, it was noticed by Torres 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 Torres, Bruce Terry, 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 already been to the administrators to ask what the actual problem was. Were they doing things different, or wrong, when it came to collecting overdue accounts? 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 Torres 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. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Torres hadn't gone elsewhere. They had just gone home.To Bruce Terry the situation looked desperate. He had employees to pay, goods to ship, trucks to maintain and overhead that was almost unbearable when compared against the lack of funds that were coming in. At night he would speak to his wife Kelly and shake his head in frustration.


""I have a bad feeling, Lin,"" he would say with deep woe.""Well, what do you think it is?"" she would ask.Bruce 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 on earth was happening to create the death of his business?""I think I know what it could be,"" said Bruce. ""For way too long I've been relying solely on profits received from invoices. I've let too many of our customers go too long without paying on their bills."" Kelly would look at her husband lovingly, and holding his hand would say 'It's such a harsh economy these days and our clients must be having difficulty meeting their responsibilities'.""Bruce knew very well that Kelly was only trying to help, but his responsibilities weighed heavily on his shoulders and he knew he had better do something soon to resolve this situation.The following day Bruce walked into his office with a spring in his step, determined to call each and every client who owed money to Torres 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. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. Wasting money, wasting time - even with the best of intentions, Bruce knew that he was in trouble.


After a half day of contacting debtors in vain - they dodged his calls or promised to call back at worst or made minimal interest-only payments at best - he was about to throw in the towel when his secretary Olgaerley knocked at his door.


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


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


Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Bruce interrupted ""Immediately?"".""Yes, immediately,"" she continued, ""It's actually very simple. We can have an expert account manager review our numbers and help us complete 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,� Bruce said. �And then what?��Following the completion of their review and once we've been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. There�s a lot of flexibility depending on the business volume and credit histories. The company will advise us the cost to purchase factoring for our company's accounts receivable. Once we arrive at a mutual agreement, the funding begins.�Bruce was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""I don't know, Olga - it just sounds too good to be true"", Bruce said quietly.""Now, now, I know, I thought the same thing. But think about it, Bruce: 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, Bruce,"" she underlined a paragraph on the paper before him.""Just how flexible?"" he asked.""They personalize the factoring rates so that the amount they are willing to take on is commensurate with our needs and our client�s debt. Apparently they can figure this all out in two to four days.


""""It does all sound pretty good, remembering that we're all tapped out now with loans from the bank last year to repair vehicles, and we all know just how tight money is. It's imperative that we keep the business rolling as usual, and every day we go unpaid we're getting closer and closer to dealing with some serious issues in both the short term and the long term,"" said Bruce.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. This could very well be the answer to resolving the problems we're having with these clients who still owe us money.""Bruce took a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Torres Truck & Haul were professional resources of the company, but they were also long-standing friends. Bruce wasn't prepared to lose these relationships just because they were having financial issues at the moment. Bruce knew that the economy had taken a hit and he knew that it would probably be a long time before things started to look up again. That unknown amount of time could create a disaster situation for both of them if he wasn't careful in how these debtors were handled. Of course he didn't want to lose any more money, but he didn't want to lose business either.""Let me go over this tonight Olga, and thankyou."" Olga nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.Bruce stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. He wondered if there might be other problems freight factoring could help Torres Truck & Haul with? Running his pencil down the sheet, he noted that the freight factoring company could assist with fuel costs, fuel advances, and fuel discount cards. Bruce 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.""Well, I'll have to tell Ricardo about this,"" Bruce muttered to himself.Bruce's son-in-law, Ricardo, loved the idea behind Torres 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 Bruce knew the struggles Ricardo would face, but he still encouraged him to follow his dream. With the economy the way it was, if an established company such as Torres was struggling then the little guys, like Ricardo, were going to be in even more trouble.


But, an antidote may have been found in freight factoring and Bruce was soon to find out.Some months later, having successfully gone through the entire process of the application, having experts study his credit history and statements and review his accounts receivable, Bruce found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.They adopted reasonable factoring purchase contracts and stopped wasting their own precious time trying to collect debts. They took that time and refocused effort to offering competitive prices in new territories. Bruce looked back on the dismal months of life before freight factoring and almost shuddered at the thought. Had he missed the boat on this one, he probably wouldn't be in business today.





More Trucking Factoring Companies Story Articles

Factoring in the Future of a Trucking Business: A Story The phone was ringing on his desk, and Derek Spencer just sat there letting it ring. His morning coffee cooled and his cigarette smoked away in the tray: Derek is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Spencer 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.


Derek�s father had started as an owner-operator and had grown Spencer Trucking Company into a fifteen trailer fleet over forty years. There had been some hard times when it seemed everything was going to go under and even Derek�s mother strapped herself into a cab to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. But now things were different: the company was in Derek's hands and he needed to ensure that this business would be left in great shape for his sons.


There just never seemed to be enough money to go around, and certainly no spare cash, but to move his company successfully into the future he needed a steady and reliable cash flow. His employees needed to be paid. They all have families and the usual household bills. Some of the refrigerated trailers were in need of repairs and he felt to stay competitive it was also a good idea to invest in specialized haulers to be ready for the constant requests he was getting for loads of new energy and agriculture equipment. Every time he had to turn down a request, Spencer Trucking looked weak in a very strong market.


His father would have told him to wait and to take his time adding on new technology. Derek allowed himself a good hard chuckle. His father had been against placing GPS units in the cabs. He would say, �Why do you need the voice of some woman to tell you to get off at an exit that has been the same exit that 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.


Derek believed a successful man is always thinking of his next step. How would he take Spencer 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. 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 like a ninth grade math problem and he wondered how this would fit into 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 can't pay its employees and bills with invoices.


Now it was time for Derek 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! He'd even heard about some companies putting you onto a sliding percentage scale regardless of any previously signed contracts for possibly 3% or 7%, and there you are now with 10% coming as a charge to you out of the freight bill. His 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. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He was quite happy to sign an exclusive contract. In fact, he was quite pleased with the idea of a long-term contract because he knew this was a one-off and he wouldn't have to keep going back and forth to different companies. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. Many companies offered a non-recourse factoring program that suited him just fine. He was more than happy with the figures he was offered in percentage terms on the freight bills. It sounded like a great scheme to him.


For Derek it was quite a relief to be dealing with the factoring company. They were more personable than those loan managers at the bank. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Derek because he and his father had created a very strong and loyal list of clientele over the years. So he knew they would understand when the factoring company contacted them for the invoices. His clients wouldn�t think poorly of Spencer 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.


Feeling happier now, Derek 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. He suddenly realized that, with this new cash flow, he could actually expand Spencer Trucking Company and who knows, move into Canada, which had always been his dream. 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.




View Our Truck Factoring Videos For More Information










Trucking Factoring  Articles

�So It is not a loan?� Lee Bennett asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Lee smiled at him, shaking her head.�No, not exactly,� she stated.Lee Bennett owned a small trucking company, and his business had recently fallen on difficult times. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Carl. He named his business Wade Trucking, named after Fernando and Sergio, his two grandfathers. Both of these men had been very hardworking and had set a great example for Carl.Six months ago disaster struck Carl'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 Carl'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 Lee had on hand.A big problem a lot of trucking companies came across was how bills were paid in the industry. You could go a month or more before bills were completely paid off. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Lee 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. Her name was Jennifer and she worked for a factoring company. Lee 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.Jennifer explained. �It�s not a loan, we purchase your accounts receivable. We're not giving you finance to be repaid later: we're purchasing something from you, and when you can you can buy it back. 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.Lee nodded. It sounded perfect - perhaps too good?.Jennifer laughed. �I'm not sure that you believe me,� she said.�No, I do, I just think it sounds a bit too good to be true. I actually thought I might end up losing my business.�Jennifer smiled, agreeing. �We get that a lot. Listen, I�d hate to see you lose your company. We know how hard you work, and that you've invested everything in your business. We all need help sometimes. That's why we do what we do.��Well, I'm very grateful that you came to see me today.��No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� Jennifer said with a smile. �Let�s see what we can do to help you.�And with that they set about making a profile.


Lee completed the form, with Jennifer offering advice as needed.


The completed profile gave Jennifer and her company all the information they needed on Carl's business, and with this information they would determine if this business would in fact be suitable for Factoring. Unfortunately, not all companies are. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. Listening as Lee filled out his form, Jennifer was pretty sure he was a perfect candidate for factoring.When the form was done Jennifer took it and slid it into her briefcase. She then stood, reached across the desk and shook Carl�s hand. He also stood up, and they smiled at each other. They said their goodbyes and Lee 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 leaned back and closed his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. Talking to Jennifer 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 terrifying panic attacks that occurred regardless of where he was. Already he could feel all the stress start to drain away. He knew it wasn't over yet and that there was still a way to go, but he could just feel everything start to change for him. He was still here; he knew this was the right path for him, and he felt proud that he had taken the appropriate steps to sort out his problems.Lee couldn�t help but think back to when he had first started the business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been really successful. Home cooking in his hometown, and he had done very well.But it wasn't what he really wanted to do. 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 Wade Trucking. So he did it. For the second time in his short life he created a company from the ground up. The business had been an instant success.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was about to turn fifty. He was concerned that he just didn't have the energy left to try and save the business. But giving up wasn't part of his personality either.


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





More Trucking Factoring Company Story Articles

The reason why Trucking Establishments Work with Factoring Companies.


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


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


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


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


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


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


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


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


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


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


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


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








Traditional Bank Loans


Finance through a bank loan is the normal, or traditional, way of financing your business. While these loans are handy they are not available to every business. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it's usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Once the loan is paid off, you can then apply for another loan if the need arises.


What Are Trucking Factoring Companies?


Trucking Factoring companies don't offer loans, and you don't go into debt when you get money from a Trucking Factoring company. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. 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 a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.


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


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. You Won't Incur Debt. Since the Trucking Factoring company actually buys your accounts receivable you don't actually incur debt like you do with a bank loan. This has many benefits including the fact, that this type of financing won't affect either your business credit rating or your personal credit rating. In the event that your business fails, you wouldn't have to be concerned about someone coming after your personal or your business assets in order to pay off a loan. The debt goes onto your credit report with a bank loan, with only one missed payment adversely affecting your business credit: it would also affect your ability to secure insurance, and may reflect on your personal credit rating as well.


2. No Collateral Required. Another 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. You'll receive the money faster. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. 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.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, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The most important benefits is that once you sell your accounts receivable to the factory company, you don't have to take time away from running your business to collect the money owed from reluctant to pay customers. The Trucking Factoring company takes over that chore, since it is now their money to collect. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing 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.While a Trucking Factoring company is not the only way for your business to obtain the money it needs to keep growing, it does offer a type of financing well worth considering.





Accounts Receivable Buyers


Accounts Receivable Factor


Accounts Receivable Factoring


Accounts Receivable Factoring Companies


Accounts Receivable Factoring Rates


Accounts Receivable Financing


Accounts Receivable Financing Companies


Accounts Receivable Financing Rates


Accounts Receivable Lending


Accounts Receivable Loans


Best Factoring Companies


Best Factoring Companies For Freight Brokers


Best Freight Factoring Companies


Best Invoice Factoring Company


Best Rated Factoring Companies


Best Truck Factoring Companies


Best Trucking Factoring Company


Business Accounts Receivable Loans


Buy Accounts Receivable


Buy Receivables


Factoring Business


Factoring Companies Brokers


Factoring Companies For Freight Brokers


Factoring Companies For Small Businesses


Factoring Companies Reviews


Factoring Companies Truckers


Factoring Companies Used By Trucking Companies


Factoring Company


Factoring Company Rates


Factoring Financing


Factoring Loan


Factoring Loans


Factoring Receivables Companies


Factoring Services


Factoring Services For Trucking Companies


Factoring Small Business


Find The Best Factoring Companies


Freight Bill Factoring


Freight Bill Factoring Companies


Freight Broker Factoring Companies




Freight Factoring Companies


Freight Factoring Company


Freight Factoring Services


Freight Invoice Factoring


Invoice Factoring Companies


Invoice Factoring Rates


Invoice Factoring Reviews


Invoice Factoring Services


Largest Factoring Companies


List Of Factoring Companies


Medical Factoring Companies


Medical Staffing Factoring


Oilfield Services Factoring Companies


Oilfield Factoring Companies


Oilfield Services Factoring


Receivable Factoring


Receivable Factoring Companies


Receivable Factoring Rates


Receivable Loan


Receivables Factoring


Receivables Factoring Companies


Receivables Factoring Rates


Receivables Factoring With Recourse


Reviews The Best Factoring Company For Trucking


Sale Of Accounts Receivable


Sale Receivables


Sell Account Receivables


Sell Receivables


Sell Your Accounts Receivable


Staffing Factoring


Staffing Factoring Company


Staffing Factoring Companies


Top Factoring Companies


Top Invoice Factoring Companies


Top Rated Factoring Companies


Transportation Factoring


Transportation Factoring Trucking


Truck Factoring Companies


Trucker Factoring


Trucking Factoring Companies