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

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Medium-Size freight businesses, specifically those who have not been around for extremely long, will frequently find it challenging to secure a loan. Banks are often reluctant to provide money to companies that do not have a lot of income and assets. They likewise want evidence of the viability of a business and hence need that the majority of operations, especially little ones, been around for a certain amount of time before they are eager to hand over any cash. Because of this, a medium-size business typically has few money producing options when needs occur. One alternative available, however frequently overlooked, is factoring. This is an outstanding method for a small business to acquire cash.

 

 

 

 

 

 

 

Is The Life of a Receivable Worth $1 to You - Pick A Trucking�Factoring Company  Instead Of A Traditional Bank Funding

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

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

Cash flow does not have to be an issue any more. Do not be fooled -- banks are not the only places you can get funding. Other solutions are available and you do not have to borrow. What is trucking factoring ? One solution is called trucking factoring. Truck Factoring is the procedure of selling accounts receivable to an investor rather than waiting to collect the money from the client. Oh, the Irony- Trucking factoring has an ironic distinction: It is the financial foundation of many of America's most successful companies. Why is this paradoxical ? Since receivable funding is not instructed in business colleges, is seldom mentioned in company plans and is fairly unknown to the majority of most of American company people.

Yet it is a monetary procedure that frees billions of dollars every year, allowing countless businesses to grow and succeed. Receivable Loan Financing has actually been around for countless years. Trucking Factoring Businesses are financiers who pay cash for the right to get the future payments on your invoices. An unpaid receivable or invoice has value. It is a financial obligation your customer has to pay in the near future. Factoring Principals--Although factoring offers exclusively with business-to-business deals, a large percentage of the retail company uses a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail deals. Using the purest meaning of the word, these big customer finance business are really simply large Receivable Loan Financing Businesses of consumer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The shop gets paid practically instantly, even though you do not pay up until you are prepared.

For this service, the charge card company charges XYZ Store a charge (typical common normal fees vary from 2 to 4 percent of the sale). The Advantages Receivable Loan Funding can provide numerous advantages to cash-hungry business. Rather than wait 30, 60, 90 days or longer for payment on a product that has currently been delivered, a business can factor (sell) its receivables for cash at a small discount off the amount of the invoice. Payroll, advertising efforts, and working capital are just a few of the business needs that can be met with instant  cash.

Factoring provides the ways for a manufacturer to renew stock and make even more items to offer: There is no longer a need to wait for earlier sales to be paid. Receivable Loan Financing is not simply a cash management tool for producers: Almost any type business can take advantage of Staffing Factoring. Generally, a company that extends credit will have 10 to 20 percent of its annual 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, however you can sell that invoice for the money to meet those responsibilities. Using trucking factoring companies is a quick and simple procedure. The factoring company buys the invoice at a discount, usually a couple of portion points less than the face value of the invoice.

 

 

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"

Wichita /'w?t??t??/ WICH-?-taw is the largest city in the State of Kansas and the 49th-largest city in the United States. Located in south-central Kansas on the Arkansas River, Wichita is the county seat of Sedgwick County and the principal city of the Wichita metropolitan area. As of the 2010 United States Census, the city population was 382,368; as of 2013, it was estimated to have increased to 386,552. In 2013, the estimated population of the Wichita metropolitan area was 637,394, and that of the larger Wichita-Winfield combined statistical area was 673,598.The city began as a trading post on the Chisholm Trail in the 1860s, then was incorporated in 1870. It subsequently became a key destination for cattle drives traveling north from Texas to access railroads, earning it the nickname ""Cowtown"". In the 1920s and 1930s, businessmen and aeronautical engineers established a number of successful aircraft manufacturing companies in Wichita including Aircraft. The city transformed into a hub of U.S. aircraft production and became known as ""The Air Capital of the World"". , , (both now part of Aviation) and other firms including AeroSystems continue to operate design and manufacturing facilities in Wichita today, and the city remains a major center of the U.S. aircraft industry.As an industrial hub and the largest city in the state, Wichita is an area center of culture, media, and trade. It hosts several large museums, theatres, parks, and entertainment venues, notably Bank Arena. Several universities are located in the city including Wichita State University, the third largest in the state. The city's daily newspaper, The Wichita Eagle, has the highest circulation of any newspaper in Kansas, and the Wichita broadcast television market includes the western two-thirds of the state. Wichita is also home to two large shopping centers, Towne East Square and Towne West Square, as well as the Century II Performing Arts & Convention Center and Kansas's largest airport, Wichita Dwight D. Eisenhower Airport.Wichita's principal industrial sector is manufacturing, which accounted for 21.6 percent of area employment in 2003. Aircraft manufacturing has long dominated the local economy, and plays such an important role that it has the ability to iuence the economic health of the entire region; the state offers tax breaks and other incentives to aircraft manufacturers.

 

Overland Park /'o?v?rl?nd 'p?rk/ is the second most populous city in the State of Kansas. Located in Johnson County, it is a suburb of Kansas City, Missouri and the second most populous city in the Kansas City metropolitan area. As of the 2010 census, the city population was 173,372.The service sector constitutes most of the local economy. Health care, retail trade, professional and technical services, finance and insurance, and information technology are the city�s five largest industries.

 

Kansas City (often abbreviated as ""KCK"" to differentiate it from its adjacent namesake, Kansas City, Missouri) is the third-largest city in the state of Kansas, the county seat of Wyandotte County, and the third-largest city of the Kansas City metropolitan area. It is part of a consolidated city-county government known as the ""Unified Government"". Wyandotte County also includes the independent cities of Bonner Springs and Edwardsville. As of the 2013 census, the city had a population of 148,483 residents. It is situated at Kaw Point, which is the junction of the Missouri and Kansas rivers.Federal Bureau of Labor Statistics shows employment in Wyandotte County, Kansas increased 4% from March 2011 to March 2012. The sharp rise in the number of workers resulted in Wyandotte County ranking 19th in the nation and 1st in the Kansas City metropolitan area for job growth as of September 28, 2012.

 

Olathe (/o?'le???/ oh-LAY-th?) is a city in and is the county seat of Johnson County, Kansas, United States. Located in northeastern Kansas, it is also the fourth most populous city in the state, with a population of 125,872 at the 2010 census. Olathe is the fourth-largest city in the Kansas City metropolitan area. It is bordered by the cities of Lenexa to the north, Overland Park to the east, and Gardner to the southwest.Olathe's commercial and industrial parks are home to many companiesos Angeles California, Olathe has more Farmers employees than any other city in the United States.

 

Topeka (/t?'pi?k?/; Kansa: T� Pee Kuh) is the capital city of the State of Kansas and the seat of Shawnee County. It is situated along the Kansas River in the central part of Shawnee County, located in northeast Kansas, in the Central United States. As of the 2010 census, the city population was 127,473. The Topeka Metropolitan Statistical Area, which includes Shawnee, Jackson, Jefferson, Osage, and Wabaunsee counties, had a population of 233,870 in the 2010 census.The name Topeka is a Kansa word that means ""a good place to dig potatoes"". As a placename, Topeka was first recorded in 1826 as the Kansa name for what is now called the Kansas River. Topeka's founders chose the name in 1855 because it ""was novel, of Indian origin and euphonious of sound."" The mixed-blood Kansa Native American, Joseph James, called Jojim, is credited with suggesting the name of Topeka. The city, laid out in 1854, was one of the Free-State towns founded by Eastern antislavery men immediately after the passage of the Kansas�Nebraska Bill. In 1857, Topeka was chartered as a city.The city is well known for the landmark U.S. Supreme Court case Brown v. Board of Education of Topeka, which overturned Plessy vs. Ferguson and declared racial segregation in public schools to be unconstitutional. Three ships of the U.S. Navy have been named USS Topeka in honor of the city.Being the state's capital city, Topeka's largest employer is the State of Kansas�employing about 8,400 people, or 69% of the city's government workers. Altogether, government workers make up one out of every five employed persons in the city.

 

Lawrence is the sixth largest city in the state of Kansas and the county seat of Douglas County. Located in northeastern Kansas, Lawrence is the anchor city of the Lawrence, Kansas, Metropolitan Statistical Area, which encompasses all of Douglas County. It is approximately 25 miles east of Topeka, and 41 miles west of Kansas City, Missouri. Lawrence is situated along the banks of the Kansas and Wakarusa Rivers. As of the 2010 census, the city's population was 87,643. Lawrence is a college town and is the home to the University of Kansas and Haskell Indian Nations University.Lawrence was founded by the New England Emigrant Aid Company and was named for Amos Adams Lawrence who offered financial aid and support for the settlement. Lawrence was central to the Bleeding Kansas era and was the site of the Wakarusa War, the sacking of Lawrence, and the Lawrence Massacre.Lawrence had its beginnings as a center of Kansas politics. However, its economy soon diversified into many industries including agriculture, manufacturing, and ultimately education, beginning with the founding of the University of Kansas in 1866, and later Haskell Indian Nations University in 1884.Lawrence has a diverse economy spanning education, industrial, agricultural, government, finance and scientific research, most of these are related to the University of Kansas, which is the largest employer in Lawrence. The largest private employer in Lawrence is .[Note 1] Lawrence Public Schools, the City of Lawrence, Lawrence Memorial Hospital and round out the top six employers.

 

Shawnee /???'ni?/ is a city located in northwest Johnson County, Kansas, United States, and part of the Kansas City Metropolitan Area. As of the 2010 census, the city population was 62,209.

 

Manhattan is a city in northeastern Kansas in the United States, located at the junction of the Kansas River and Big Blue River. It is the county seat of Riley County, although it also extends into Pottawatomie County. As of the 2010 census, the city population was 52,281. It is the principal city of the Manhattan metropolitan area which, as of the 2013, had an estimated population of 98,085.The city was founded by settlers from the New England Emigrant Aid Company as a Free-State town in the 1850s, during the Bleeding Kansas era. Nicknamed ""The Little Apple"" as a play on New York City's ""Big Apple"", Manhattan is today best known as being the home of Kansas State University and has a distinct college town atmosphere. Eight miles (13 km) west of the city is Fort Riley, a United States Army post.The town was named an All-American City in 1952, becoming the first city in Kansas to win the award. More recently, in 2007 CNN and Money magazine rated Manhattan as one of the ten best places in America to retire young. And in 2011 Forbes rated Manhattan No. 1 for ""Best Small Communities for a Business and Career.""public entities. Kansas State University is the largest employer in town, and its approximately 25,000 students help support the retail and entertainment venues in the city.[35] The second-largest employer in Manhattan is the city school district.[35] Additionally, many civilians and military personnel employed at nearby Fort Riley also live in Manhattan and support its economy, including more than 5,500 civilian Fort Riley employees.[35] Finally, most of the 150 employees in the Kansas Department of Agriculture work in a new office building in Manhattan, next to the future site of the Bio and Agro-Defense Facility.

 

Lenexa /l?'n?ks?/ is a city in Johnson County, Kansas, United States, and part of the Kansas City Metropolitan Area. As of the 2010 census, the city population was 48,190. It is bordered by the cities of Shawnee to the north, Overland Park to the east, De Soto to the west and Olathe to the south.

 

Salina /s?'la?n?/ is a city in and the county seat of Saline County, Kansas, United States. As of the 2010 census[update], the city population was 47,707. Located in one of the world's largest wheat-producing areas, Salina is a regional trade center for north-central Kansas.Manufacturing is the predominant industry in Salina.[33]:p.11 Agriculture transportation is also a major industry,[33]:p.17 and Salina's grain elevators are visible from miles away. This agrarian emphasis is even reflected in a local Catholic Church, Sacred Heart Cathedral, which is built in white cylindrical shapes intriguingly like grain silos.[34] However, Salina has several other important employers. Company brand, has operations in Salina.[35] makes consumer retail frozen pizzas as well as food intended for school cafeterias and other institutions.[35] ercial bus manufacturer)[39] and Asurion all have a presence in the community.

 

is the largest city and county seat of Reno County, Kansas, United States, and located on the Arkansas River. It has been home to salt mines since 1887, thus its nickname of ""Salt City"", but locals call it ""Hutch"". As of the 2010 census, the city population was 42,080.Each year, hosts the Kansas State Fair, and (NJCAA) Basketball Tournament. It is the home of the Kansas Cosmosphere and Space Center aerospace museum and Strataca (formerly known as Kansas Underground Salt Museum).[23] This gave rise to the first salt-processing plants west of the Mississippi River. Salt was originally extracted using the evaporation method by pumping water into brine wells. In 1923, the Carey Salt[24] Company opened the only salt mine in , which then produced rock salt. That mine is still in use today and is now operated by Salt Company. Salt also have evaporative salt plants in .

 

Leavenworth is the largest city in and the county seat of Leavenworth County, Kansas, United States. As of the 2010 census, the city population was 35,251. Located on the west bank of the Missouri River 25 mi (40 km) northwest of Kansas City, Missouri, it is part of the Kansas City metropolitan area.The site of Fort Leavenworth, the city is known in American history for its role as a key supply base in the settlement of the American West. It is also famous for being the location of several prisons, particularly the United States Disciplinary Barracks and United States Penitentiary, Leavenworth.As of 2010, 58.6% of the population over the age of 16 was in the labor force. 7.8% was in the armed forces, and 50.8% was in the civilian labor force with 47.0% being employed and 3.8% unemployed. The composition, by occupation, of the employed civilian labor force was: 34.5% in management, business, science, and arts; 22.8% in sales and office occupations; 23.2% in service occupations; 8.4% in natural resources, construction, and maintenance; 11.0% in production, transportation, and material moving. The three industries employing the largest percentages of the working civilian labor force were: educational services, health care, and social assistance (22.7%); public administration (15.6%); and retail trade (13.0%). The U.S. military at Fort Leavenworth is the city's largest employer, employing roughly 5,600 people, followed by Leavenworth Public Schools and the Department of Veteran Affairs Eastern Kansas Health Care System.[20]

 

Leawood /'li?w?d/ is a city in Johnson County, Kansas, United States, and part of the Kansas City Metropolitan Area. As of the 2010 census, the city population was 31,867.According to Leawood's 2013 Comprehensive Annual Financial Report, the top employers in the city were:

 

Dodge City is a city in, and the county seat of, Ford County, Kansas, United States. Named after nearby Fort Dodge, the city is famous in American culture for its history as a wild town of the Old West. As of the 2010 census, the city population was 27,340.Meat packing is the primary industry in Dodge City. Meat Solutions and Beef both operate large facilities in the city.[24] The city also hosts farm implement manufacturing and serves as a supply center for area agriculture. Livestock-raising is a major activity while wheat and sorghum are the area's main crops. In addition, a local tourism industry, including a casino resort, has developed to capitalize on Dodge City's history as an Old West cowtown.[25] The service sector accounts for much of the rest of the local economy.[24]

 

Garden City is a city in and the county seat of Finney County, Kansas, United States. As of the 2010 census, the city population was 26,658. The city is home to Garden City Community College and the Lee Richardson Zoo, the largest zoological park in western Kansas.The economy of Garden City is driven largely by agriculture. There are several feedlots and grain elevators located in and around the city. Additionally, an ethanol plant, Bioenergy, LLC was built in 2007 by Energy Partners, LLC which uses 19.6 million bushels of grain.[17]

 

Junction City is a city and county seat of Geary County, Kansas, United States. As of the 2010 census, the city population was 23,353. Fort Riley, a major U.S. Army post, is nearby.

 

Emporia is a city in and the county seat of Lyon County, Kansas, United States. As of the 2010 census, the city population was 24,916. Emporia lies between Topeka and Wichita at the intersection of U.S. Route 50 with Interstates 335 and 35 on the Kansas Turnpike. Emporia is the principal city of the Emporia Micropolitan Statistical Area, which includes all of Lyon and Chase counties.Emporia is also a college town, home to Emporia State University and Flint Hills Technical College.In addition to Emporia State University and other large public-sector employers such as the city and county governments, the public schools, and the county hospital, Emporia has several large private-sector employers.[17] Previously, a Foods beef-packing plant employed more than 2,400 workers.[17] Dolly Madison has a bakery in Emporia. Manufacturing Corporation, founded in Emporia in 1953, by E.L. Hopkins, and recognized in 2003 as the city's Large Employer of the Year,[18] makes products for the automotive aftermarket. Thedairy store chain, based in Oklahoma City, originated in Emporia in 1952 under the name Peter Pan.[19] Foods operates a multi-acre plant in Emporia that manufactures wet dog food.[20]

 

Derby is a city in Sedgwick County, Kansas, United States. Formerly known as El Paso, it is the largest suburb of Wichita. As of the 2010 census, the city population was 22,158.

 

Prairie Village is a city in Johnson County, Kansas, United States, and part of the Kansas City Metropolitan Area. As of the 2010 census, the city population was 21,447.

 

Hays is a city in and the county seat of Ellis County, Kansas, United States. The largest city in northwestern Kansas, it is the economic and cultural center of the region. It is also a college town, home to Fort Hays State University. As of the 2010 census, the city population was 20,510.The service sector constitutes most of the local economy with education and health care being two major industries. Hays also hosts some manufacturing. Designs, a manufacturer of aircraft and bicycles. Other local companies manufacture oil field supplies, HVAC systems, and wheelchairs.[33]

 

Liberal is the county seat of Seward County, Kansas, United States. As of the 2010 census, the city population was 20,525.Energy and agriculture are the main economic drivers of the area. Natural resources include oil, natural gas, water, gravel and sand. The beef industry (ranches, feed lots and packing plants) is Liberal's largest source of employment. Hard winter wheat, corn, milo, alfalfa and cotton are common crops. Trucking is a major industry. Dairies and pork processors are a growing business.

 

Gardner is a city in Johnson County, Kansas, United States. As of the 2010 census, the city population was 19,123.The Company's recently completed distribution center will employ a full-time staff of 160 people and a contingent work force of more than 100.

 

Pittsburg is a city in Crawford County, in southeastern Kansas, United States. It is the most populous city in Crawford County and in southeastern Kansas. As of the 2010 census, the city population was 20,233.

 

Newton is a city in and the county seat of Harvey County, Kansas, United States. As of the 2010 census, the city population was 19,132. Newton is located 25 miles (40 km) north of Wichita and is included in the Wichita metropolitan statistical area (MSA). The city of North Newton is immediately north of the city, existing as a separate political entity.

 

Great Bend is a city in and the county seat of Barton County, Kansas, United States. It is named for its location at the point where the course of the Arkansas River bends east then southeast. As of the 2010 census, the population of the city was 15,995.Agriculture is the predominant industry in Great Bend, and its grain elevators are visible from miles away. The oil industry flourished from about 1930-1960. There was even an oil well in the city park. But this industry has been on the decline for years. Cattle raising is also an important source of income for many people.

 

McPherson is a city in and the county seat of McPherson County, Kansas, United States, in the central part of the state. As of the 2010 census, the city population was 13,155. The city is named after Union General James Birdseye McPherson, a Civil War general. It is home to McPherson College and Central Christian College.

 

El Dorado i/?ld?'re?do?/ EL-d?-RAY-doh is a city situated along the Walnut River in the central part of Butler County, located in south-central Kansas, in the Central United States. As of the 2010 census, the city population was 13,021. It is the county seat and most populous city of Butler County.A large oil refinery, which is currently owned and operated by ,[16] is situated on the southwest edge of El Dorado. It was constructed and originally owned by what would later become Skelly Oil.[17] Later, the refinery changed hands and was rebranded after Skelly was purchased by Oil, and then rebranded again after attempted to purchase Getty. In 2011 it was rebranded again when Oil and Corporation merged.

 

Ottawa is a city and county seat of Franklin County, Kansas, United States. It is situated along the Marais des Cygnes River. As of the 2010 census, the city population was 12,649 and is part of the Kansas City Metropolitan Area.

 

Winfield is a city and county seat of Cowley County, Kansas, United States. It is situated along the Walnut River in South Central Kansas. As of the 2010 census, the city population was 12,301 and second most populous city of Cowley County.

 

Arkansas City is a city in Cowley County, Kansas, United States, situated at the couence of the Arkansas and Walnut rivers in the southwestern part of the county. As of the 2010 census, the city population was 12,415.The name of this city is not pronounced like the nearby state of Arkansas, but rather as /?r'k�nz?s/ (the final ""s"" is pronounced). Over the years there has been much confusion about the regional pronunciation of ""Arkansas,"" which locals render as /?r'k�nz?s/ rather than /'?rk?ns??/. Throughout much of Kansas, residents use this alternate pronunciation when referring to the Arkansas River, as well as Arkansas Street in the city of Wichita. Because of this, and for the sake of brevity, Arkansas City is most often referred to as simply Ark City.

 

Andover is a city in Butler County, Kansas, United States, and a suburb of Wichita. As of the 2010 census, the city population was 11,791. and is part of the Wichita Metropolitan Statistical Area.

 

Lansing is a city situated along the Missouri River in the eastern part of Leavenworth County, located in northeast Kansas, in the Central United States. As of the 2010 census, the city population was 11,265. It is the second most populous city of Leavenworth County and is a part of the Kansas City metropolitan area.The Lansing Correctional Facility (formerly the Kansas State Penitentiary), which includes the state's main maximum-security prison, is located in Lansing. Perry Edward Smith and Richard Eugene Hickock, the subjects of In Cold Blood, were hanged at the prison on April 14, 1965.Most recently, Lansing was ranked 88 in the top 100 of Money Magazine's 2007 list of best places to live.

 

Merriam /'m?ri?m/ is a city in Johnson County, Kansas, United States, and part of the Kansas City Metropolitan Area. As of the 2010 census, the city population was 11,003. It is bordered by the cities of Overland Park to the east and south, Shawnee to the west, and Kansas City, Kansas to the north (in Wyandotte County); the city of Lenexa is less than a mile to the southwest. Merriam is included in the Shawnee Mission postal designation.Seaboard Corporation is based in Merriam.

 

Haysville is a city in Sedgwick County, Kansas, United States, and a suburb of Wichita. As of the 2010 census, the city population was 10,826. Haysville is known as the ""Peach Capital of Kansas"".

 

Atchison is a city and county seat of Atchison County, Kansas, United States, and situated along the Missouri River. As of the 2010 census, its population was 11,021.The city is named in honor of David Rice Atchison, United States senator from Missouri, and was the original eastern terminus of the Atchison, Topeka and Santa Fe Railway.Atchison was the birthplace of aviator Amelia Earhart, and the Amelia Earhart Festival is held annually in July. Atchison is also home of Benedictine College, a Catholic liberal-arts college.

 

Parsons is a city in the northern part of Labette County, located in Southeast Kansas, in the Central United States. As of the 2010 census, the city population was 10,500. It is the most populous city of Labette County, and is the second most populous city in the southeastern region of Kansas.

 

Coffeyville is a city situated along the Verdigris River in the southeastern part of Montgomery County, located in Southeast Kansas, in the Central United States. As of the 2010 census, the city population was 10,295. It is the most populous city of Montgomery County and with its southeast Kansas location is located in the Tulsa, Oklahoma media market. The town of South Coffeyville, Oklahoma is located approximately 1 mile south of the city, existing as a separate political entity immediately south of the state line.Coffeyville has a long history as a center of industry and manufacturing. Energy, operates a 100,000 barrels per day refinery and a large nitrogen fertilizer plant, using a unique process of ammonia extraction from coke byproducts produced in the refinery. Chemical Co. has operated a chemical plant in the community since 1909.

 

Mission is a city in Johnson County, Kansas, United States, and part of the Kansas City Metropolitan Area. The population was 9,323 at the 2010 census.The agricultural and transport company Corporation has corporate offices located just to the west of Mission in the city of Merriam. The United States Postal Service lumps many addresses in the Johnson County, KS suburbs under the combined name of ""Shawnee Mission, Kansas"", although this refers to a historical mission, Shawnee Methodist Mission. Shawnee is considerably larger than Mission and the postal name of Shawnee Mission applies to a far larger area and population than the combined total of just those two incorporated cities. The postal address of Seaboard's offices is ""Shawnee Mission"".

 

Chanute is a city in Neosho County, Kansas, United States. Founded on January 1, 1873, it was named after railroad engineer and aviation pioneer Octave Chanute. As of the 2010 census, the city population was 9,119. Chanute is the largest city in Neosho County.

 

Independence is a city in and the county seat of Montgomery County, Kansas, United States. As of the 2010 census, the city population was 9,483. It was named in commemoration of the Declaration of Independence.

 

Augusta is a city in Butler County, Kansas, United States. As of the 2010 census, the city population was 9,274.

 

Wellington is a city in and the county seat of Sumner County, Kansas, United States. As of the 2010 census, the city population was 8,172.This area produces vast quantities of winter wheat and wheat is still the driving force behind the local economy, so much so that Wellington is called the ""Wheat Capital of the World"". Railroads and petroleum are also significant, and manufacturing"

 

h County, Kansas, United States. As of the 2010 census, the city population was 4,996.Peruvian Connection is based in Tonganoxie.

 

 

Kansas

 

The United states Trucking Organization
specifies that there are about
200,000 truck drivers with transportation
companies and
276,000 private service providers trucking
companies accredited to
run in America that transferred,
according to their latest searchings for billions of
products, materials and
standard materials .
There are a number of usual
providers either going solo or in
groups on our nation
roads transferring these
crucial products to our
stores, manufacturingplants and shipping ports.

Furthermore freight bill factoring
firms help
many of them and offer their
receivables financing services
nationallycounting
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

 

The Bureau of Economic Analysis estimates that the total GDP in 2008 was $122.7�billion, making it the United States's 32nd highest state by GDP. The agricultural outputs of the state are cattle, sheep, wheat, sorghum, soybeans, cotton, hogs, corn, and salt. Eastern Kansas is part of the Grain Belt, an area of major grain production in the central United States. The industrial outputs are transportation equipment, commercial and private aircraft, food processing, publishing, chemical products, machinery, apparel, petroleum and mining. Kansas ranks 8th in U.S. oil production. Production has experienced a steady, natural decline as it becomes increasingly difficult to extract oil over time. Kansas ranks 8th in U.S. natural gas production. Production has steadily declined since the mid-1990s with the gradual depletion of the Hugoton Natural Gas Field�the state's largest field which extends into Oklahoma and Texas. The Kansas economy is also heavily influenced by the aerospace industry. Several large aircraft corporations have manufacturing facilities in Wichita and Kansas City, including Spirit AeroSystems, Boeing, Cessna, Learjet, and Hawker Beechcraft (formerly Raytheon).

 

 

 

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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 Top 50 Trucking Companies list, based on data prepared by Consulting Group in Pittsburgh.

 

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

 

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 Top 50 Trucking Companies list, based on data prepared by Consulting Group in Pittsburgh.

 

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 Top 50 Trucking Companies list, based on data prepared by Consulting Group in Pittsburgh.

 

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 Top 50 Trucking Companies list, based on data prepared by Consulting Group in Pittsburgh.

 

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

 

 

"

Since the mid 1980s Carpenter Truck & Haul have been successfully running their freight business. For more than twenty years they've been delivering goods for most major industries in the nation, with business booming as they traversed the country, in all kinds of weather, for all kinds of clients. During the boom times from 2002 to 2007 Carpenter Truck & Haul was the mastermind of a top-rated accounts receivable in the trucking industry. Very few customers were behind on their bills, and those customers who were late turned in their overdue payments within an acceptable time frame. The money was flowing, and times were great.But a short year later, in the fall of 2008, when the United States economy took a nosedive and businesses both small and large began to feel the pinch on their pocketbooks, those that used to make their demands had suddenly and largely gone silent. Business slowed to a crawl

 

. And worse yet, Carpenter had noticed during the early part of 2008 that though the bulk of their clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. Spring changed to summer, summer changed to fall, and the CEO of Carpenter, Hector Long, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The numbers of clients who owed him back debt were growing.He had already been to the administrators to ask what the actual problem was. Were they doing something wrong or different when it came to reaching out to delinquent accounts? When checking his bookkeeper's records this was definitely not 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 Carpenter money had jumped ship and decided to leave him holding the bag.

 

. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. They had just gone home.This current state-of-affairs was causing Hector Long to have some very restless nights. Hector was very concerned, because there were constant overheads, goods to ship, employees to pay, and trucks which needed to be maintained, but there just wasn't the money coming back into the business. In the evenings he would discuss his concerns with his wife, Loretta, and still find no relief from the worry and frustration.

 

""I have a bad feeling, Lin,"" he would say with deep woe.""What could you do differently?"" she would ask.Hector would stare off into the distance, and then slowly close his eyes. He could see the fleet of trucks he had purchased over the years. He could see them on the road, delivering good to all his loyal customers. But then a haze would cover his trucks and his vast fleet would vanish to leave just a few. Why couldn�t he work out how to resolve this financial problem with his business?""I think I know what it could be,"" Hector said. ""I've relied too long on the profits I receive from invoices alone. I've let too many of our customers go too long without paying on their bills."" Loretta would look at her husband lovingly, and holding his hand would say 'it is such a harsh economy these days and our clients must be having difficulty meeting their responsibilities'.""Hector knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds.The next day Hector strolled into his office and was determined to sit down and make every phone call to every client who had owed Carpenter money. This wasn't really a very efficient way for a Chief Executive to spend his day, and Hector knew he should be overseeing all the other sides of the business, such as shipments and deliveries, approaching prospective customers, or working with his sales team. But, he felt like he was doing something proactive to help his business, even though he had staff on salary to do just that thing. A waste of time - a waste of money - he had the best intentions, but all the while Hector was realising just how much trouble he was in.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 Marthaerley knocked at his door.

 

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

 

""Of course Martha, please come in."" Hector relaxed back into his chair and looked up at Marthaerley.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Hector."" 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?"" she asked.""It does sound vaguely familiar. What is factoring""? he asked.She began, ""Well, it is really very simple. Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Immediately?"" Hector interrupted.""Yes, immediately,"" she continued, ""it is actually very simple. We start by having a professional account manager review our figures and help us set up a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It provides a very broad view.""I see,� Hector said. �And then what?""Following the completion of their review and once we have been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. There�s a lot of flexibility depending on the business volume and credit histories. This company tells us what the cost will be to purchase factoring for our accounts receivable. Once we arrive at a mutual agreement, the funding begins.�Hector was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Martha,"" he said.""Now, now, I know, I thought the same thing. But really, they have guaranteed us experts that do all the legwork, which would free us up here to focus on our clients in good standing and marketing, all that good stuff. They appear to be very flexible, Hector,"" she underlined a paragraph on the paper before him.""Just how flexible?"" he asked.""It seems that they personalize their factoring charges so that the amount they're prepared to work with is commensurate with our client's debt and our needs. Apparently they can figure this all out in two to four days.

 

""It does all sound pretty good, remembering that we are all tapped out now with loans from the bank last year to repair vehicles, and we all know just how tight money is. 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,"" Hector said.Hector took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Exactly�. This could very well be the answer to resolving the problems we are having with these clients who still owe us money.""Hector thought about this and agreed with Marthaerley. The clients who owed them money were long standing friends and professional resources of Carpenter. Hector wasn't prepared to lose these relationships just because they were having financial issues at the moment. Hector knew only too well that the whole economy was floundering, and that it was not going to change overnight. That unknown amount of time, if he handled these debtors incorrectly, could spell disaster for both of them. Of course he did not want to lose any more money, but he did not want to lose business either.""Well, let me think about this tonight Martha, thank you."" Martha stood up and left Hector's office, with the nice feeling of knowing that she may just have solved a very serious problem.Hector stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. What other issues could freight factoring help Carpenter 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. In fact, Carpenter 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 James about this,"" Hector muttered to himself.His son-in-law James had liked the idea of Carpenter so much and revered his father in law for having such business acumen that only two years before, he had gathered the venture capital to begin his own transportation service company. Hector knew then what struggles James would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Carpenter was hurting, a little guy like James was about to catch his death. Perhaps the antidote to these problems was in freight factoring, and they were about to find out.A few short months later, after completing the application process, having the legal experts review his credit history, accounts receivable, and statements, finally Hector was beginning to find his way out of the hole his debtors had created for him.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They took that time and refocused effort to offering competitive prices in new territories. Hector looked back on the dismal months of life before freight factoring and almost shuddered at the thought. He probably wouldn't be in business today had he not learned just in time about freight factoring.

 

"

 

 

 

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"

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

 

Travis�s father had started as an owner-operator and had grown Marshall 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 Travis�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. But now things were different: the company was in Travis'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. 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, Marshall 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. Travis chuckled, thinking about his father. He remembered when his father was totally against installing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� He smiled to himself as he remembered his father poking fun at the other drivers who switched to automatic, even though automatic was quite obviously more efficient (though less manly). His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.

 

Travis knew he was right in his forward thinking. What would be the next step for Marshall Trucking? More importantly, how could he afford it? Funding was all tied up in the mortgage for the office and garage and in the fuel bills. Thankfully he'd just finished paying off the bank loan for the installation of satellite radio in the trucks.

 

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

 

Travis had to really consider what his next step was going to be. Travis had heard that there were companies that charged for same day money transfers and would only advance a percentage of the money owed to your company while holding the rest in a private account if they didn�t get their bill payment within 60 or so days. Worse still, if the customer defaulted on payment, the factoring company takes it out of the money supposedly coming to you! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His friend Ronnie who had a trucking business in Missouri, was run nearly into the ground by a factoring company that charged him the full freight bill on top of the factoring fees. He knew he would have to be very careful if he was to avoid any of these shady companies?

 

However, it all turned out to be very simple. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He 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. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. 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.

 

It was really refreshing dealing with the factoring people. 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 didn�t worry over his credit and the debt troubles his father had had in the past of the company. Factoring was based on the credit of his customers and on their reliability which worked well for Travis because he and his father had built up good strong relationships over decades with their list of clients. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients would not have any problems, nor would they think poorly of Marshall Trucking, because the factoring companies handle themselves in such a polite and professional manner, similar to the way his father had managed the business in the past.

 

Travis stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. He suddenly realized that, with this new cash flow, he could actually expand Marshall Trucking Company and who knows, move into Canada, which had always been his dream. His heart felt full knowing his sons wouldn�t have to worry about money because of the right decisions he had made for their trucking business.

 

"

 

 

 

 

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"

�So, this is not a loan?� James Carpenter asked as he leaned back in his chair, crossing his legs. The woman who sat across the desk smiled and shook her head.�No, not exactly,� she stated.James Carpenter owned a small trucking company, and his business had recently fallen on difficult times. Trucking could be a profitable business, and for a little under a decade, it had been for Jamie. He named his business Long Trucking, named after Nelson and Alberto, his two grandfathers. They had both been hardworking men, and had done a lot to make James the same.Six months ago disaster struck Jamie'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 Jamie'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. You could go a month or more before bills were completely paid off. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.James 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.And that's why he found himself across the desk from this woman. Her name was Shannon and she worked for a factoring company. He had accidentally come across her company one night when he was working late, searching the internet to see if there was some solution to his financial dilemma.Shannon explained. �it is really not a loan at all: we actually buy your accounts receivable. we are not giving you finance to be repaid later: we are purchasing something from you, and when you can you can buy it back. This is a win-win situation: we are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.James nodded. It sounded perfect - perhaps too good?.The woman laughed. �You look like you don�t believe me,� she said.�Oh no, I do: it just sounds too good to be true. I thought I was going to lose my company.�Shannon smiled, agreeing. �Yes, we get a lot of that. There's no way we want to see you lose your business. We know how hard you work, and that you've invested everything in your business. Sometimes you need help. That's why we do what we do.""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,� Shannon said with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. James completed the form, with Shannon offering advice as needed.

 

The completed profile gave Shannon and her company all the information they needed on Jamie'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 businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. As James completed his form, Shannon listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Shannon took it and slid it into her briefcase. Standing up, she reached over the desk and shook Jamie's hand. He stood before they shook as well, and then smiled. They said their goodbyes and James walked her to the door, and then returned to his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He shut his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. But now, after speaking to Shannon and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.All those long, sleepless nights. The sudden panic attacks, not matter where he was. 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 there, he was on the right path, and he was working to make things right.James couldn�t help but think back to when he had first started the business. At twenty-two and straight out of school he had opened a restaurant. It had been really successful. Home cooking in his hometown, and he had done very well.But he had gotten bored. He wasn't passionate about the food industry. He thought long and hard, and then he decided to sell the restaurant. He took half a year off, and in that time he thought to start Long Trucking. And that's exactly what he did. Once again he built 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 didn�t think he had it in him, to save this company. But giving up wasn't part of his personality either.

 

The idea of cutting his losses, shutting down, laying off his workers, it actually made him sick some nights. He didn�t know how to say quit.And now it seemed as though he would not have to - all because of Factoring. James opened his eyes, sat forward, turned his computer on. He had lots to do. He could be thankful later, for now, it was time to work.

 

"

 

 

 

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Precisely why Trucking Companies Use Factoring Companies.

 

As the owner of your own firm, you may well be much more than conscious already of the challenge in making certain that cash flow issues do not become a difficulty down the line. After all, the most unfortunate thing that can potentially happen for your enterprise is to find yourself involved in a long and problematic situation that leaves you forever looking for the cash you require on an ongoing manner.

 

For any sort of firm in this condition, the trouble can come for waiting for work to lapse and actually be compensated into your statement. Invoices, checks, and the like could take some time to actually to be taken care of which could leave you with temporary cash flow problems. Gratefully, there are approaches out there for businesses to investigate-- and among these is factoring companies.

 

Factoring agencies will, in substitution for your accounts, supply you with the resources immediately so that you do not have to worry about the lingering period that could make paying the expenses and purchasing materialsmore complicated. With this type of system, invoice factoring can end up being tremendously practical for many enterprises who ought to avoid a cash ploy which they have gotten themselves in.

 

Considering that, relying on the size of the project, it can take up to 60 days for several firms to get compensated then it is crucial to cover up your own back and not leave yourself funds short to pay off the monthly bills. After all, how many business enterprises possess two months revenue just lying there to cover all their spendings till they earn?

 

This is most especially correct of truck companies. They often take care of numbers of statements which means a notable amount of collection time concerns business owner themselves. Striving to get paid out promptly can end up being an unbelievable trouble and this is precisely why you employ trucking factoring organizations who are happy to help out truckers particularly.

 

As all of us understand, trucking is an extremely big industry with lots of organizations out there hiring hundreds of vehicle drivers. The sad thing is, plenty of these drivers wind up in money dilemmas since they are still waiting for work from six weeks back to actually pay them. When this is the situation for a truck organization, depending on factoring providers for solutions maybe the finest alternative left.

 

This indicates that a truck company can provide the salaries of the crew, keep all the cars loaded with gas and continue to go up, evolve and expand without constantly waiting for the cash which is taking too long to come in. Trucking Business enterprises functioning without a factoring program established are leaving themselves at significant hazard, as competitors cash out promptly and go on to develop.

 

There's genuinely very little to be stressed about when it comes to employing a Factoring firm-- they typically are not like a banking company or somebody who is going to leave you with a massive heap of personal debt to pay back. You give them authentic invoices from job you have already finished , you are only accelerating the repayment process.

 

In the United States, where trucking firms thrive, factoring establishments are not considered accepting loan of in any capacity. This confidential deal then enables both groups to profit and delight in a convenient future-- it provides the factoring business a warranted resource of income to include in the list and it provides the trucking business the needed funds that they worked hard to gain.

 

The trucking establishment provides their statements to the factoring business. The trucking factoring firm then acquire the payments from the trucking company's clients. Factoring has been all around for hundreds of years and has been used for many years by several varied business-- but none more so than truckers. While you may well 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 funds today and can actually begin setting the resources to perform.

 

Anyway, an IOU or an invoice is certainly not going to fund bills, is it? For trucking companies when the finances can be very good one day and gone the next, it is up to the vehicle drivers to work sensibly and to make sure they are leaving themselves with a significant measure of time and finance to get through the week until they are handed over once more.

 

So the next time your trucking enterprise is bearing some temporary cash flow challenges and you are investing a lot of time chasing inactive paying clients, why not begin considering using a factoring companies as a means to get your money and give yourself a more comfortable future in the eyes of your trucking staff and your bank difference?

 

 

 

 

 

 

"

Traditional Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. These loans can be a life-saver, but they're not always available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. Plus, the amount you apply for through the bank is the actual amount that you are going to receive. Of course, once that loan has been re-paid, you can always re-apply for another loan.

 

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. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 80%-95%. The amount of finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to sell. Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. You will not Incur Debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. 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. Should the unforeseeable happen and your business fails, you will not have to worry about anyone coming after your personal as well as your business assets 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 great benefit of using the services of a Trucking Factoring company instead of a bank loan is that there is no collateral required for the Trucking Factoring company, because the Trucking Factoring company is buying your accounts receivables. 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. Borrowing from a bank begins with vast amounts of paperwork, the loan must be underwritten, and this can take ages before you're notified if the loan has been approved.

 

4.You receive interest up-front. 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. 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 do not have to take time away from running your business to collect the money owed from reluctant to pay customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very efficient at debt collecting, and this frees up your valuable time to devote to running your company.

 

Another bonus is that, because the Trucking Factoring company has evaluated the quality of your customers' credit before buying the accounts receivable, you learn valuable information regarding your customers, like which ones are likely to pay, and which ones are less likely to pay.While a Trucking Factoring company is not the only way for your business to obtain the money it needs to keep growing, it does offer a type of financing well worth considering.

 

"

 

 

 

 

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Alabama

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