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Little Cash Flow Leaks That Keep Companies Poor - Our Accounts Receivable Factoring Company Can Provide
Your Truck Company The Money Your Company Needs

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Small freight companies, specifically those who have not been in existence for very long, will frequently find it hard to protect a loan. Banks are commonly hesitant to provide cash to companies that do not have a lot of earnings and assets. They likewise want proof of the practicality of a business and therefore require that a lot of operations, particularly little ones, be in company for a specific quantity of time before they want to turn over any cash. Because of this, a medium-size company typically has a couple of cash producing options when requires occur. One alternative offered, however frequently ignored, is invoice factoring. This is an outstanding way for a small company to get money.

 

 

 

 

 

 

 

How I Improved My Profits in One Evening - Select The Best Factoring Company Instead Of A Typical Bank Financing

Exactly how to Enhance Cash Flow Without Loaning -Cash Money flow is among the main reasons companies fail.

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

Money flow does not have to be a problem any ever more. Do not be fooled -- banks are not the only locations you can get financing. Other options are offered and you do not have to borrow. Exactly what is trucking factoring ? One solution is called trucking factoring. Truck Factoring is the process of offering invoices to an investor rather than waiting to gather the money from the client. Oh, the Irony- Truck factoring has a paradoxical distinction: It is the financial foundation of many of America's most successful businesses. Why is this ironic ? Because commercial factoring is not taught in business colleges, is seldom mentioned in business plans and is fairly unknown to bulk of most of American company individuals.

Yet it is a monetary procedure that releases up billions of dollars every year, enabling countless businesses to grow and succeed. Factoring has actually been around for countless years. Factoring Businesses are financiers who pay cash for the right to get the future payments on your invoices. An overdue receivable or invoice has value. It is a debt your client has agreed pay in the near future. Factoring Principals--Although factoring deals solely with business-to-business deals, a big portion of the retail company utilizes a factoring principal. MasterCard, Visa, and American Express all utilize a form of factoring in their retail deals. Using the purest definition of the word, these large consumer finance business are really simply large Receivable Loan Funding Companies of customer paper. Consider it: You purchase at Sears and charge it to your MasterCard. The store gets paid practically immediately, even though you do not pay until you are ready.

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

Trucking Factoring offers the ways for a manufacturer to replenish inventory and make even more items to sell: There is no longer a need to wait for earlier sales to be paid. Receivable Loan Financing is not simply a cash management device for producers: Practically any type company can benefit from Factoring. Typically, a company that extends credit will have 10 to 20 percent of its yearly sales bound in invoices at any given time. Think for a moment about exactly how much is tied up in 60 days' worth of invoices: You can not pay the power bill or this week s payroll with a customer s invoice, however you can sell that invoice for the cash to satisfy those obligations. Using trucking factoring companies is a fast and easy procedure. The factor buys the invoice at a discount, typically a couple of portion points less than the stated value of the invoice.

 

 

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"

Baltimore (/'b??lt??m?r/, locally: ['b??.m??]) is the largest city in the State of Maryland, the largest independent city in the United States, and the 26th-most populous city in the country. It is located in the central area of the state along the tidal portion of the Patapsco River, an arm of the Chesapeake Bay. The independent city is often referred to as Baltimore City to distinguish it from the surrounding Baltimore County. Founded in 1729, Baltimore is the second largest seaport in the Mid-Atlantic United States and is situated closer to Midwestern markets than any other major seaport on the East Coast. Baltimore's Inner Harbor was once the second leading port of entry for immigrants to the United States and a major manufacturing center. After a decline in major manufacturing, industrialization and rail transportation, Baltimore shifted to a service-oriented economy, with the Johns Hopkins Hospital (founded 1889), and Johns Hopkins University (founded 1876), now serving as the city's top two employers.With a population of 622,104 as of July 1, 2013, Baltimore increased by 762 residents over the previous year, ending over six decades of population loss since its peak in 1950. The Baltimore Metropolitan Area has grown steadily to approximately 2.7 million residents in 2010; the 20th largest in the country. Baltimore has the second largest population (after Washington, D.C.), and is a principal city in, the greater Baltimore�Washington metropolitan area with a total of approximately 9.44 million residents (as of 2013 estimates).With hundreds of identified districts, Baltimore has been dubbed ""a city of neighborhoods"", and has been more recently known as ""Charm City"", to go along with its older moniker of ""The Monumental City"" (coined by sixth President John Quincy Adams in 1827), and its more controversial 19th-century sobriquet of ""Mobtown"". The talents of writers Edgar Allan Poe and H.L. Mencken, jazz musician James ""Eubie"" Blake and singer Billie Holiday, as well as the city's role in the War of 1812 and Francis Scott Key's writing of ""The Star-Spangled Banner"", which later became the American national anthem, have all contributed to the city's historical importance.According to the Brookings Institution, almost a quarter of the jobs in the Baltimore region are science, technology, engineering and math positions. The Baltimore area is known for health and science, which is in part attributed to the prestigious Johns Hopkins University, with its extensive undergraduate and graduate schools, the University of Maryland at Baltimore, and other smaller schools such as the University of Baltimore, the science-heavy University of Maryland, Baltimore County, (in Catonsville), Loyola University, Notre Dame University Maryland, Stevenson University, (formerly Villa Julie College � in suburban Stevenson), Goucher College, (in suburban Towson), and the Maryland Institute College of Art.Once a predominantly industrial town, with an economic base focused on steel processing, shipping, auto manufacturing, and transportation, the city experienced deindustrialization which cost residents tens of thousands of low-skill, high-wage jobs. The city now relies on a low-wage service economy, which accounts for 90% of jobs in the city.

 

Frederick is the county seat of Frederick County, the largest county by area in the State of Maryland. Frederick has been an important crossroads community since it was located in colonial times at the intersection of an important north-south Indian trail, and east-west routes to the Chesapeake Bay both at Baltimore and what became Washington, D.C. and across the Appalachian mountains to the Ohio River watershed. The gateway to western Maryland is now within the Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Statistical Area, which is part of a greater Washington-Baltimore-Arlington, DC-MD-VA-WV-PA Combined Statistical Area. The city's population was 65,239 people at the 2010 United States Census, making it the second-largest incorporated city in Maryland, behind only Baltimore.Frederick is home to Frederick Municipal Airport (IATA: FDK), which primarily accommodates general aviation traffic, and to the county's largest employer U.S. Army's Fort Detrick bioscience/communications research installation.According to the city's 2013 Comprehensive Annual Financial Report, the top employers in the city are:

 

Rockville is a city located in the central region of Montgomery County, Maryland. It is the county seat and is a major incorporated city of Montgomery County and forms part of the Baltimore�Washington metropolitan area. The 2010 census tabulated the Rockville's population at 61,209, making it the third largest incorporated city in Maryland, behind Baltimore and Frederick. Rockville is the largest incorporated city in Montgomery County, Maryland, although the nearby census-designated place of Germantown is more populous.Rockville, along with neighboring Gaithersburg and Bethesda, is at the core of the Interstate 270 Technology Corridor which is home to numerous software and biotechnology companies as well as several federal government institutions. The city also has several cale regional shopping centers and is one of the major retail hubs in Montgomery County.

 

Gaithersburg ( pronunciation (help�info)),[N 1] officially the City of Gaithersburg, is a city located in Montgomery County, Maryland. At the time of the 2010 census, Gaithersburg had a population of 59,933, making it the fourth largest incorporated city in the state, behind Baltimore, Frederick, and Rockville. Gaithersburg is located to the northwest of Washington, D.C., and is considered a suburb and a primary city within the Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Statistical Area. Gaithersburg was incorporated in 1878.Gaithersburg is divided into east and west sections, separated by Interstate 270. The eastern section of the city is older and is the original portion of the town before more recent growth. Landmarks and buildings from that time can still be seen in many places but especially in the historic central business district of Gaithersburg called ""Olde Town"". The east side also includes Lakeforest Mall, City Hall, and the Montgomery County Fair grounds. The west side of the city has many wealthier neighborhoods that were designed with smart growth techniques and embrace New Urbanism. These include the award-winning Kentlands community, the Lakelands community, and the Washingtonian Center (better known as The Rio), a popular shopping/business district. Three New Urbanism communities are under construction, including Crown Farm, Watkins Mill Town Center (Casey East and West), and the massive ""Science City"". The state has a bus rapid transit line, Corridor Cities Transitway or ""CCT"", planned for the western portion of the city starting at Shady Grove Metro Station and connecting all the high density western Gaithersburg neighborhoods with a total of eight stops planned in the city.ajor employers in the city include IBM, Lockheed Martin Information Systems and Global Services business area headquarters, MedImmune (recently purchased by AstraZeneca), and the French multinational corporation, Sodexo.Gaithersburg is also the location of the garrison of the United States Army Reserve's 220th Military Police Brigade.According to the City's 2009 Comprehensive Annual Financial Report, the top employers in the city are:

 

Bowie /'bu?i/ is a city in Prince George's County, Maryland. The population was 54,727 at the 2010 U.S. Census. Bowie has grown from a small railroad stop to the largest municipality in Prince George's County, and the fifth most populous city and third largest city by area in the U.S. state of Maryland.According to the City's 2012 Comprehensive Annual Financial Report, the largest employers in the city are:

 

Hagerstown /'he?g?rzta?n/ is a city in Washington County, Maryland. It is the county seat of Washington County, and by many definitions, the largest city in a region known as Western Maryland (if Frederick County is excluded from Western Maryland).[1] The population of Hagerstown city proper at the 2010 census was 39,662, and the population of the Hagerstown-Martinsburg Metropolitan Area (extending into West Virginia) was 269,140. Hagerstown ranks as Maryland's sixth largest city.[7]Hagerstown has a distinct topography, formed by stone ridges running from northeast to southwest through the center of town. Geography accordingly bounds its neighborhoods. These ridges consist of upper Stonehenge limestone. Many of the older buildings were built from this stone, which is easily quarried and dressed onsite. It whitens in weathering and the edgewise conglomerate and wavy laminae become distinctly visible, giving a handsome and uniquely �Cumberland Valley� appearance. Several of Hagerstown�s churches are constructed of Stonehenge limestone and its value and beauty as building rock many be seen particularly in St. John�s Episcopal Church on West Antietam Street and the Presbyterian Church at the corner of Washington and Prospect Streets. Brick and concrete eventually displaced this native stone in the construction process.[8]Hagerstown anchors the Hagerstown-Martinsburg, MD-WV Metropolitan Statistical Area, which lies just northwest of the Washington-Baltimore-Northern Virginia, DC-MD-VA-WV Combined Statistical Area in the heart of the Great Appalachian Valley. The population of the metropolitan area in 2010 was 269,140. Greater Hagerstown is the fastest-growing metropolitan area in the state of Maryland and among the fastest growing in the United States.[9]Despite its semi-rural Western Maryland setting, Hagerstown is a center of transit and commerce. Interstates 81 and 70, CSX, Norfolk Southern, and the Winchester and Western railroads, and Hagerstown Regional Airport form an extensive transportation network for the city. Hagerstown is also the chief commercial and industrial hub for a greater Tri-State Area that includes much of Western Maryland as well as significant portions of South Central Pennsylvania and the Eastern Panhandle of West Virginia. Hagerstown has often been referred to as, and is nicknamed, the Hub City.[1] A person born in Hagerstown is officially called a Hagerstonian.Once primarily an industrial community, Hagerstown's economy depended heavily on railroad transportation and manufacturing, notably of aircraft, trucks, automobiles, textiles, and furniture.[1] Today, the city has a diversified, stable business environment with modern service companies in various fields as well as continued strength in manufacturing and transportation in railroads and highways. Surrounding Hagerstown, there has been and continues to be a strong agricultural presence while tourism, especially with respect to the retail sector, also provides support to the local economy.

 

Annapolis (/?'n�p?l?s/) is the capital of the U.S. state of Maryland, as well as the county seat of Anne Arundel County. Situated on the Chesapeake Bay at the mouth of the Severn River, 25 miles (40 km) south of Baltimore and about 30 miles (48 km) east of Washington, DC, Annapolis is part of the Baltimore�Washington metropolitan area. Its population was measured at 38,394 by the 2010 census.The city served as the seat of the Continental Congress in 1783�84 and was the site of the 1786 Annapolis Convention (which called for the Constitutional Convention held the following year) and the Annapolis Peace Conference, held in 2007. Annapolis is the home of the United States Naval Academy and the original campus of St. John's College.According to the City's 2009 Comprehensive Annual Financial Report,[42] the top employers in the city, excluding state and local government, are:

 

College Park is a city in Prince George's County, Maryland. The population was 30,413 at the 2010 United States Census. It is best known as the home of the University of Maryland, College Park, and since 1994 the city has also been home to the ""Archives II"" facility of the U.S. National Archives.College Park's United States Postal Service ZIP codes are 20740, 20741 (Berwyn Heights; North College Park) and 20742 (University of Maryland).According to the City's 2009 Comprehensive Annual Financial Report,[14] the top employers in the city are:

 

Salisbury /'s??lzb?ri/ is a city in southeastern Maryland, USA. It is the county seat of Wicomico County and the largest city in the state's Eastern Shore region. The population was 30,343 at the 2010 census. Salisbury is the principal city of the Salisbury, Maryland-Delaware Metropolitan Statistical Area. The city is the commercial hub of the Delmarva Peninsula and calls itself ""the Crossroads of Delmarva"".Salisbury is located near several major cities: Baltimore 106 miles (171 km); Washington, D.C. 119 miles (192 km), Philadelphia 128 miles (206 km), Norfolk 132 miles (212 km), Dover 50 miles (80 km), and Wilmington 96 miles (154 km).

 

Laurel is a city in northern Prince George's County, Maryland, in the United States, located midway between Washington, D.C., and Baltimore on the Patuxent River. Founded as a mill town in the early 19th century, the arrival of the Baltimore & Ohio Railroad in 1835 expanded local industry and later enabled the city to become an early commuter town for Washington and Baltimore workers. Largely residential today, the city maintains a historic district centered on its Main Street, highlighting its industrial past.The Department of Defense is a prominent presence in the Laurel area today, with the Fort Meade Army base, the National Security Agency, and Johns Hopkins University's Applied Physics Laboratory all located nearby. The Laurel Park Racecourse, a thoroughbred horse racetrack, is located just outside city limits.The population of the city proper as of the 2010 census was 25,115, though the Laurel name has grown to encompass several adjacent unincorporated areas of Prince George's, Howard, Montgomery, and Anne Arundel counties, with a total population of 102,149.

 

Greenbelt is a city in Prince George's County, Maryland, United States. Contained within today's City of Greenbelt is the historic planned community now known locally as ""Old Greenbelt"" and designated as the Greenbelt Historic District. Greenbelt's population was 23,068 at the 2010 U.S. Census.Greenbelt is known widely as a public cooperative community founded in the New Deal Era. Greenbelt was one of three ""green"" towns planned in 1935 under the United States Resettlement Administration, along with Greendale, Wisconsin (near Milwaukee) and Greenhills, Ohio (near Cincinnati).According to Greenbelt's 2011 Comprehensive Annual Financial Report,[29] the top employers in the city were:

 

Cumberland, officially the City of Cumberland, is a western gateway city and seat of Allegany County, Maryland, and the primary city of the Cumberland, MD-WV Metropolitan Statistical Area. At the 2010 census, the city had a population of 20,859, and the metropolitan area had a population of 103,299. Cumberland is a regional business and commercial center for Western Maryland and the Potomac Highlands of West Virginia.Historically Cumberland was known as the ""Queen City,"" as it was once the second largest in the state. Cumberland is often referred to as ""Where the South Begins."" Because of its strategic location, after the American Revolution at the time of heavy migration across the Appalachian Mountains by pioneers, it served as a historical outfitting and staging point for westward emigrant trail migrations throughout the first half of the 1800s. In this role, it supported the settlement of the Ohio Country and the lands of in that latitude of the Louisiana Purchase. It also became an industrial center, served by major roads, a canal connecting to Washington, DC, and railroads.Industry declined after World War II, and later urban, business and technological development in the state has been concentrated in eastern coastal cities. Today the Cumberland, MD-WV Metropolitan Statistical Area is one of the poorest in the United States, ranking 305th out of 318 metropolitan areas in per capita income.

 

Westminster is a city in northern Maryland, United States. It is the seat of Carroll County. The city's population was 18,590 at the 2010 census. Westminster is an outlying community within the Baltimore-Towson, MD MSA, which is part of a greater Washington-Baltimore-Northern Virginia, DC-MD-VA-WV CSA.According to the City of Westminster, the top employers in the city are:

 

Hyattsville is a city in Prince George's County, Maryland, and also a close, urban suburb of Washington D.C. The population was 17,557 at the 2010 United States Census.

 

Takoma Park is a city in Montgomery County, Maryland. It is a suburb of Washington, D.C., and part of the Washington metropolitan area. Founded in 1883 and incorporated in 1890, Takoma Park, informally called ""Azalea City,"" is a Tree City USA and a nuclear-free zone. A planned commuter suburb, it is situated along the Metropolitan Branch of the historic Baltimore and Ohio Railroad, just northeast of Washington, D.C., and it borders the neighborhood of Takoma, Washington, D.C. It is governed by an elected mayor and six elected councilmembers, who form the city council, and an appointed city manager, under a council-manager style of government. The city's population was 16,715 at the 2010 national census.Residents of Takoma Park can vote in municipal elections when they turn sixteen. It is the first city in the United States to extend voting rights to 16 and 17 year olds in city elections.According to the City's 2009 Comprehensive Annual Financial Report,[34] the top employers in the city are:

 

Aberdeen is a city in Harford County, Maryland, 26 miles (42 km) from Baltimore. The population was 14,959 at the 2010 United States Census. Aberdeen is the largest municipality in Harford County.Aberdeen is part of the Baltimore-Towson Metropolitan Statistical Area (MSA), which is the 20th-largest United States metropolitan area. The nearest city to Aberdeen is Havre de Grace, Maryland, 4.8 miles (7.7 km) to the northeast.

 

Havre de Grace i/?h�v?r d?'gre?s/, abbreviated HdG, is a city in Harford County, Maryland, situated at the mouth of the Susquehanna River and the head of Chesapeake Bay. It is named after the port city of Le Havre, France, which in full was once Le Havre de Gr�ce (French, ""Haven of Grace""). The population was 12,952 at the 2010 United States Census. The city was honored as one of America's 20 best small towns to visit in 2014 by Smithsonian magazine.

 

Cambridge is a city in Dorchester County, Maryland, United States. The population was 12,326 at the 2010 census. It is the county seat of Dorchester County and the county's largest municipality. Cambridge is the fourth most populous city in Maryland's Eastern Shore region, after Salisbury, Elkton and Easton.

 

New Carrollton is a city located in central Prince George's County, Maryland, in the United States. As of the 2010 U.S. Census, the population was 12,135. New Carrollton is located 12 miles (19 km) east of central Washington, D.C.

 

Frostburg is a city in Allegany County, Maryland, United States and is located at the head of the Georges Creek Valley. It is part of the Cumberland, MD-WV Metropolitan Statistical Area. The population was 9,002 at the 2010 census. Located 8 miles (13 km) west of Cumberland, the town is one of the first cities on the ""National Road"", US 40, and the western terminus of the Western Maryland Scenic Railroad. Since 1991, the city has been served by Interstate 68.The City of Frostburg has an approximate year-round population of 8,075. In addition, 5,400 students attend Frostburg State University, a public university within the University System of Maryland.Frostburg was originally called Mount Pleasant until 1820, when the government developed a postal service, and the town was renamed Frostburg.

 

Mount Rainier /re?'n??r/ is a city in Prince George's County, Maryland, United States. The population was 8,080 at the 2010 census. Bordering Washington, D.C., Mount Rainier got its start as a streetcar suburb. (See Streetcars in Washington, D.C.) According to local tradition, surveyors from the Pacific Northwest named the town, giving the streets names such as ""Shasta"" and ""Cascade"". Historic U.S. 1 runs through the center of the town and serves as the main street and central business district.

 

Taneytown (pronunciation: /'t??nita?n/ TAW-nee-town) is a town in Carroll County, Maryland, United States. The population was 6,728 at the 2010 census. Taneytown was founded in 1754. Of the town, George Washington once wrote, ""Tan-nee town is but a small place with only the Street through wch. the road passes, built on. The buildings are principally of wood."" Taneytown has a history museum that displays the history of the town for visitors and citizens to see. The Bullfrog Road Bridge was listed on the National Register of Historic Places in 1978.

 

Glenarden is a city in Prince George's County, Maryland, United States. The population was 6,000 at the 2010 census.

 

Brunswick is a city in Frederick County, Maryland, United States. The population was 5,870 at the 2010 census.

 

District Heights is an incorporated city in Prince George's County, Maryland, located near Maryland Route 4. The population was 5,837 at the 2010 United States Census. For more information, see the separate articles on Forestville, Maryland and Suitland.District Heights is 9.85 miles (15.85 km) away from central Washington, D.C.

 

Fruitland is a city in Wicomico County, Maryland, United States. The population was 4,866 at the 2010 census. It is included in the Salisbury, Maryland-Delaware Metropolitan Statistical Area.

 

Seat Pleasant is an incorporated city in Prince George's County, Maryland, United States, immediately east of Washington D.C. The population was 4,542 at the 2010 census. Two state highways run through it � Maryland Route 704 (now called Martin Luther King Highway and previously named George Palmer Highway after a banker and community leader) and Maryland Route 214 (Central Avenue). The Washington Metro's Blue Line is nearby. The stadium is east of Seat Pleasant, near the Capital Beltway (I-95/495).

 

Pocomoke City, dubbed ""the friendliest town on the Eastern Shore"", is a city in Worcester County, Maryland, United States. Although renamed in a burst of civic enthusiasm in 1878, the city is regularly referred to by its inhabitants simply as Pocomoke /'po?k?mo?k/. The population was 4,184 at the 2010 census. It is part of the Salisbury, Maryland-Delaware Metropolitan Statistical Area.

 

Crisfield /'kr?sfi?ld/ is a city in Somerset County, Maryland, United States, located on the Tangier Sound, an arm of the Chesapeake Bay. The population was 2,726 at the 2010 census. It is included in the Salisbury, Maryland-Delaware Metropolitan Statistical Area. Crisfield has the distinction of being the southernmost incorporated city in Maryland.The site of today's Crisfield was initially a small fishing village called Annemessex Neck. During European colonization, it was renamed Somers Cove, after Benjamin Summers. When the business potential for seafood was discovered, John W. Crisfield decided to bring the Pennsylvania Railroad to Crisfield, and the quiet fishing town grew. Crisfield is now known as the ""Seafood Capital of the World"".The city's success was so great that the train soot and oyster shells prompted the extension of the city's land into the marshes. City residents often claim that the downtown area is literally built atop oyster shells.Crisfield began to slip into decline along with the declining health of the Chesapeake Bay, prompting a ""strategic revitalization plan"" to address the city's future needs. Currently, Crisfield is largely a tourist destination. It hosts many annual events and festivals, the most prominent of which is the National Hard Crab Derby. Crisfield is also a major gateway to Smith Island and Tangier Island.Crisfield's economy is centered largely around retail, health care, and automotive.[3] Seafood is also an important part of Crisfield's economy, just as it has been for most of its existence, with several packing plants existing within the city. The largest employer inside Crisfield's limits is the McCready Memorial Hospital. The second largest employer in the city is the plant (formerly set company), which manufactures paintbrushes and roller covers.[29]

 

"

 

Maryland

 

Maryland Cities

 

The United states Trucking Organization
specifies that there are about
200,000 employees with truck
businesses and
300,000 personal companies trucking
companies certified to
run in the U.S. that transferred,
according to their newest data of millions
items, materials and
standard products .
There are numerous typical
carriers either going solo or in
teams on our country
roads transferring these
important items to our
stores, factories and ports.

Moreover trucking factoring
companies support
several of them and offer their
receivables financing facilities
nationwidecounting
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

 

Maryland's economic activity is strongly concentrated in the tertiary service sector, and this sector, in turn, is strongly influenced by location. One major service activity is transportation, centered on the Port of Baltimore and its related rail and trucking access. The port ranked 17th in the U.S. by tonnage in 2008.[83] Although the port handles a wide variety of products, the most typical imports are raw materials and bulk commodities, such as iron ore, petroleum, sugar, and fertilizers, often distributed to the relatively close manufacturing centers of the inland Midwest via good overland transportation. The port also receives several different brands of imported motor vehicles and is the number two auto port in the U.S. A second service activity takes advantage of the close location of the center of government in Washington, D.C. and emphasizes technical and administrative tasks for the defense/aerospace industry and bio-research laboratories, as well as staffing of satellite government headquarters in the suburban or exurban Baltimore/Washington area. In addition, a number of educational and medical research institutions are located in the state. In fact, the various components of The Johns Hopkins University and its medical research facilities are now the largest single employer in the Baltimore area. Altogether, white collar technical and administrative workers comprise 25 percent of Maryland's labor force, attributable in part to nearby Maryland being a part of the Washington Metro Area where the federal government office employment is relatively high. Maryland has a large food-production sector. A large component of this is commercial fishing, centered in the Chesapeake Bay, but also including activity off the short Atlantic seacoast. The largest catches by species are the blue crab, oysters, striped bass, and menhaden. The Bay also has overwintering waterfowl in its wildlife refuges. The waterfowl support a tourism sector of sportsmen. Manufacturing, while large in dollar value, is highly diversified with no sub-sector contributing over 20 percent of the total. Typical forms of manufacturing include electronics, computer equipment, and chemicals

 

 

 

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Searching for the right trucking companies to move your freight can be tough, with the large amount of local, regional, and national truck carriers out there. Center helps make freight shipping simple, finding you the safest, reliable trucking companies every time you ship. Trucking companies are licensed and insured to carry freight safely and efficiently across the country, no matter the size or type of freight you need to ship.Plus, with the high volume of freight we move, we will work to get you the best freight rates possible. Simply enter in a few details below and you�ll see instant freight rates from all the top trucking companies in one easy screen

 

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Trucking Companies serving to/from points within the United States,
categorized by services offered. United States Trucking
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Click below to find Trucking Companies in the United States:

Trucking Companies serving to/from points within the United States,
categorized by services offered. United States Trucking
Companies will be listed under all categories in which they provide specified Trucking Services.
To find companies offering specific Trucking Services in the United States, click on the list of services below.

Searching for the right trucking companies to move your freight can be tough, with the large amount of local, regional, and national truck carriers out there. Center helps make freight shipping simple, finding you the safest, reliable trucking companies every time you ship. Trucking companies are licensed and insured to carry freight safely and efficiently across the country, no matter the size or type of freight you need to ship.Plus, with the high volume of freight we move, we will work to get you the best freight rates possible. Simply enter in a few details below and you�ll see instant freight rates from all the top trucking companies in one easy screen

 

Searching for the right trucking companies to move your freight can be tough, with the large amount of local, regional, and national truck carriers out there. Center helps make freight shipping simple, finding you the safest, reliable trucking companies every time you ship. Trucking companies are licensed and insured to carry freight safely and efficiently across the country, no matter the size or type of freight you need to ship.Plus, with the high volume of freight we move, we will work to get you the best freight rates possible. Simply enter in a few details below and you�ll see instant freight rates from all the top trucking companies in one easy screen

 

Searching for the right trucking companies to move your freight can be tough, with the large amount of local, regional, and national truck carriers out there. Center helps make freight shipping simple, finding you the safest, reliable trucking companies every time you ship. Trucking companies are licensed and insured to carry freight safely and efficiently across the country, no matter the size or type of freight you need to ship.Plus, with the high volume of freight we move, we will work to get you the best freight rates possible. Simply enter in a few details below and you�ll see instant freight rates from all the top trucking companies in one easy screen

 

 

"

Campbell Truck and Haul has been in business since the mid 1980s. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the heady times from 2002 to 2007, Campbell 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.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

 

. Worse still, it was noticed by Campbell 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. And as spring turmed to summer and summer into the early days of fall, Henry Ramirez, CEO of Campbell felt a chill go down his spine whenever he would look at the weekly A/R reports. The numbers of clients who owed him back debt were growing.He had gone to his administrators and asked them what the problem had been. 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 Campbell money had jumped ship and decided to leave him holding the bag.

 

. They could not afford to pay him their debt, but they could afford a lesser service, maybe. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. They had just gone home.To Henry Ramirez 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. After work he would confide in his wife, Catherine, and neither were unable to stop the constant worry over the lack of funds.""I have a bad feeling, Lin,"" he would say with deep woe.""What could you do differently?"" she would ask.Henry would stare off for a moment and then close eyes. He could see the fleet of trucks he had purchased over the years. He could see them on the road, delivering good to all his loyal customers. But somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. What could cause this ultimate death spiral of business?""I know what it is,"" said Henry. ""For way too long I've been relying solely on profits received from invoices. For too long I've been allowing our clients to let their accounts become overdue."" All Catherine could do was hold his hand and look at him tenderly. 'We know it is a difficult economy at the moment - perhaps it will take a while for people to get on top of their bills'.""Henry knew very well that Catherine was only trying to help, but his responsibilities weighed heavily on his shoulders and he knew he had better do something soon to resolve this situation.The next day Henry strolled into his office and was determined to sit down and make every phone call to every client who had owed Campbell money. Now, it wasn't the most efficient way to spend a day as a chief executive, what he really needed to be doing was to be overseeing all of the other intricacies of shipment and delivery and reaching out to prospective clients or retraining his sales team to do the same. But, he felt like he was doing something proactive to help his business, even though he had staff on salary to do just that thing. A waste of time - a waste of money - he had the best intentions, but all the while Henry was realising just how much trouble he was in.Poor Henry spent the whole morning trying in vain to contact his debtors: they promised to call back, dodged his calls, or made small interest-only payments. He was beginning to feel quite despaired when his secretary knocked on his door.

 

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

 

""Of course Misty, please come in."" Henry leaned back in his chair and looked expectantly at Mistyerely.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Henry."" She opened up a folder she had been carrying and pulled out a small wad of papers, placing them on the desk in front of him.""Have you ever heard of factoring?"" Mistyerley asked.""It does sound vaguely familiar. What is factoring""? he asked.She began, ""Well, it is really very simple. So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Henry interrupted ""Immediately?"".""Immediately, yes"" she added, ""it is actually very simple. We start by having a professional account manager review our figures and help us set up a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It�s a broad view.""I see,� Henry said. �And then what?""Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. 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. The funding commences once we�ve arrived at an agreement.�Henry leaned forward and reviewed the paperwork closely.""It sounds too good to be true, Misty,"" he said.""Yes, I know; that's exactly what I thought at the beginning. 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, Henry,"" she underlined a paragraph on the paper before him.""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.

 

""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" said Henry.Henry took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Exactly�. I think this might just be a way out of the trouble we are in with these folks who owe us money.""Henry took a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Campbell Truck & Haul were professional resources of the company, but they were also long-standing friends. Henry wasn't prepared to lose these relationships just because they were having financial issues at the moment. Henry 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. He did not want to lose business but he also did not want to lose any more money.""Well, let me think about this tonight Misty, thank you."" Misty nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Henry keep the shirt on his back, and possibly hers too.Henry sat behind his desk and looked over the details Misty had not mentioned in their meeting. He wondered if there might be other problems freight factoring could help Campbell Truck & Haul with? With his pencil gliding down the sheet he noticed that the factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. In fact, Campbell 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.""I must tell Jeremy the good news,"" muttered Henry to himself.His son-in-law Jeremy had liked the idea of Campbell 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. Henry knew then what struggles Jeremy would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Campbell was hurting, a little guy like Jeremy was about to catch his death. But, maybe the answer for both of them was in freight factoring, and Henry was going to find out very soon.A few months later after going through the entire application process and having the experts review his accounts receivable, credit history and statements, Henry found himself beginning to dig his way out of the hole his delinquent account holders had created for him.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They took that time and refocused effort to offering competitive prices in new territories. Henry recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. If Henry hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

 

 

More Trucking Factoring Companies Story Articles

Factoring in the Future of a Trucking Business: A Story Ricardo Greene let the phone ring on his desk. 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. Greene 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.

 

Ricardo�s father had started as an owner-operator and had grown Greene Trucking Company into a fifteen trailer fleet over forty years. Yes, they had survived some very difficult times when it appeared like they might go under, and even Ricardo's mother had jumped into the cab at times 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. Now the company was solely in Ricardo�s hands and he wanted to live to see it in better shape for his sons.

 

To move Greene Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. He had employees to pay. They all have families and the usual household bills. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requests for loads of agricultural and energy equipment. Every time he had to turn down a request, Greene 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. Ricardo 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?� 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.

 

Ricardo believed a successful man is always thinking of his next step. How would he take Greene Trucking to the next level? And how would he be able to afford it? Business funding was tied up in fuel bills and the mortgage for the garage and office. He just finished paying off the small bank loan for installing satellite radio in the trucks for the guys.

 

But was factoring the answer? There was a lot he didn�t understand about the process. It sounded a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. The factoring company gives the trucking business its payment right away which allows the business to have continuous cash flow so it can pay employees, buy fuel, and make repairs for upcoming hauls. Without this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Now it was time for Ricardo to do his homework. Ricardo 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 colleague, Ronnie, who owned a trucking company in Missouri, was nearly destroyed by a factoring company who charged him the full freight bill on top of the fees for factoring. Well, what was the point of going to a factoring company if there was shady business like that going on?

 

But it turned out to be quite easy. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He didn�t mind signing an exclusive contract. In fact, he was quite pleased with the idea of a long-term contract because he knew this was a one-off and he would not have to keep going back and forth to different companies. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It was good money.

 

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 were not interested in his credit nor the financial problems his father had experienced in the past. Factoring was based on the credit of his customers and on their reliability which worked well for Ricardo because he and his father had built up good strong relationships over decades with their list of clients. So he knew they would understand when the factoring company contacted them for the invoices. His clients would not have any problems, nor would they think poorly of Greene Trucking, because the factoring companies handle themselves in such a polite and professional manner, similar to the way his father had managed the business in the past.

 

Feeling happier now, Ricardo stepped out of his office to advise his secretary to expect to receive the contract very shortly from the factoring company. He felt exhilarated by the new possibilities that would make the future of the company fun again and put the stress of the difficult times behind him. He suddenly realized that, with this new cash flow, he could actually expand Greene 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 would not be inheriting a financial mess.

 

 

 

 

 

Factoring Financial Services

 

Factoring For Business

 

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Trucking Factoring  Articles

"

�So, this is not a loan?� asked Dwight James, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she said.Dwight James owned a small trucking company, and his business had recently fallen on difficult times. Trucking could be a profitable business, and for a little under a decade, it had been for Brett. He named his business Crawford Trucking, named after Donald and Shane, his two grandfathers. They had both been hardworking men, and had done a lot to make Dwight the same.Disaster had struck half a year ago, when two trucks in Brett�s fifteen truck fleet went down. One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. The financial security of Brett's company relied on his full fleet on fifteen being on the road, and missing two trucks was just devastating . Furthermore, buying a whole new truck and fixing the other simply took more cash than Dwight had on hand.Paying of bills in the trucking industry is always a major cause for concern for businesses.

 

Waiting a month or longer for bills to be paid was quite normal. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Dwight was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.That�s where the woman across the desk came in. Dwight knew she was employed by a Factoring company and that her name was Joy. He had accidentally come across her company one night when he was working late, searching the internet to see if there was some solution to his financial dilemma.She sat there now, and explained. �It�s not a loan, we purchase your accounts receivable. We aren�t giving you money to be paid back later, we�re buying something from you, and you can buy it back when you can. This is a win-win situation: we 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.Dwight agreed. It sounded good to him, almost too good.Joy laughed. �You look like you don�t believe me,� she said.�No, I do, I just think it sounds a bit too good to be true. I thought I was going to lose my company.�Joy smiled, agreeing. �Yes, we get a lot of that. There's no way we want to see you lose your business. You work hard, you�ve put everything you can into it. Sometimes you need help. That's why we do what we do.""In any case, thank you for coming to see me.""No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� said Joy with a smile. �Let�s see what we can do to help you.�And with that they set about making a profile.

 

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

 

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

 

"

 

 

 

More Trucking Factoring Company Story Articles

The key reasons why Truck Firms Employ Factoring Firms.

 

As the operator of your own company, you may well be much more than perceptive already of the hardship in making certain that capital matters do not become a difficulty down the line. Anyway, the most disappointing thing that can potentially transpire for your enterprise is to find yourself swept up in a long and difficult circumstance that leaves you forever trying to find the cash you need on an continuing manner.

 

For pretty much any firm in this predicament, the concern can come for waiting for work to clear up and actually be paid into your balance. Invoices, checks, and the like could take a long time to actually to beprocessed which can leave you with momentary available resources issues. Thankfully, there are opportunities out there for enterprises to look into-- and among these is factoring firms.

 

Factoring companies will, in substitution for your bill of sales, grant you with the money right now in order that you do not have to fret about the delaying duration that could make paying off the expenses and getting toolsmore tough. With this sort of system, invoice factoring can become exceptionally valuable for lots of businesses who need to avoid a cash pitfall which they have found themselves in.

 

Given that, relying on the volume of the task, it can take up to 60 days for many businesses to get compensated then it is vital to blanket your own back and definitely not leave yourself resources short to pay off the monthly bills. After all, how many enterprises possess two months cash flow just occupying there to deal with all their bills until they earn?

 

This is most especially correct of truck agencies. They often manage great deals of invoices which means a considerable volume of collection time involves business owner themselves. Seeking to get paid off in time can turn into an extraordinary difficulty and this is precisely why you utilize trucking factoring firms who are thrilled to help out truckers mainly.

 

As we all understand, trucking is an remarkably huge field with lots of firms out there working with hundreds of vehicle drivers. However, several of these drivers wind up in finances dilemmas due to the fact that they are still waiting for work from six weeks ago to actually compensate them. When this is the circumstance for a trucking business, resorting to factoring firms for support might be the best alternative left.

 

This implies that a truck company can pay off the salaries of the people, keep all the vehicles topped off with fuel and continue to surmount, thrive and expand without continually waiting for the cash which is taking too prolonged to come in. Trucking Firms working without a factoring program applied are leaving themselves at significant hazard, as competitors cash out promptly and continue to grow.

 

There's genuinely nothing to be worried about when it comes to utilizing a Factoring agency-- they usually are not like a banking company or any individual who is going to leave you with a big heap of financial obligation to pay back. You give them legitimate invoices from output you have already finalized , you are simply speeding up the repayment system.

 

In the United States, where trucking establishments succeed, factoring enterprises are not considered getting a loan in any capacity. This private deal then makes it possible for both groups to make money and delight in a comfortable future-- it provides the factoring firm a warranted resource of revenue to put into the list and it furnishes the trucking company the required cash that they worked hard to acquire.

 

The trucking firm bestows their accounts to the factoring business. The trucking factoring firm then obtain the payment amounts from the trucking company's customers. Factoring has been all around for hundreds of years and has been adopted for decades by plenty of diverse business-- but none exceeding so than truckers. While you may miss out on a small part of the money, something like 1-3 % depending on who you collaborate with, it implies that you are acquiring the resources today and can actually start off putting the resources to perform.

 

After all, an IOU or an invoice is not actually going to fund overheads, is it? For trucking enterprises when the funds can be really good one day and gone the next, it is up to the drivers to work prudently and to make sure they are leaving themselves with a notable quantity of time and finance to get through the week until they are handed over again.

 

So the next period your trucking establishment is enduring some short-term cash flow issues and you are putting in too much time chasing slow paying clients, why not start looking at utilizing a factoring businesses as a manner to get your cash and give yourself a more pleasant future in the eyes of your trucking team and your bank dividend?

 

 

 

 

 

 

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Traditional Bank Loans

 

Bank loans are an extremely traditional way for a business to get financing. These loans can be a life-saver, but they're not always available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. 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 give loans, and the money you get from the Trucking Factoring company does not put you in debt. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. The Trucking Factoring company purchases your accounts receivable, or part of them, for a certain percentage of their value - this is normally about 80-95%. The amount of finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to sell. Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

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

 

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

 

1. There is no debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating will not be affected. 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 benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. This makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

3. Receive Your Money Faster. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. 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 you do not have to worry about monthly loan repayments, and you do not have to worry about the amount of interest payable, because all the money in the account is yours to spend.

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. 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. 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.A Trucking Factoring company is not the only method of gaining access to finance for the running and growing of your business, however it does offer a financing option well worth considering.

 

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