Contact Us Form

or Call Us At 888-239-9162

Email Us

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home page

Do Your Receivables Turn as Quickly as You Would Like - Our Receivable Loan Company Can Give
Your Freight Company The Money You Want

accountreceivableloan.co.uk

factoring for trucking companies

factoring for trucking

factoring for trucking companies

trucking invoice factoring companies

Medium-Size freight brokerage companies, particularly those who have actually not been in existence for extremely long, will commonly discover it difficult to protect a loan. Banks are typically reluctant to lend cash to businesses that do not have a great deal of earnings and properties. They likewise desire evidence of the practicality of a company and thus need that many operations, specifically small ones, been around for a particular amount of time prior to they are eager to hand over any money. Because of this, a medium-size company typically has few cash producing options when needs emerge. One option offered, however typically neglected, is invoice factoring. This is an exceptional means for a small business to acquire cash.

 

 

 

 

 

 

 

I gave away my receivables - and made more money too - Choose A Freight�Brokerage Factoring Company  Instead Of A Traditional Bank Funding

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

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

Cash flow does not have to be a problem any more. Do not be deceived -- banks are not the only locations you can get financing. Other options are available and you do not have to borrow money. What is trucking factoring ? One solution is called truck factoring. Trucking Factoring is the process of selling accounts receivable to a financier rather than waiting to gather the cash from the customer. Oh, the Irony- Truck factoring has an ironic distinction: It is the monetary foundation of numerous of America's most effective businesses. Why is this ironic ? Since staffing factoring is not taught in business colleges, is seldom discussed in business plans and is fairly unknown to bulk of most of American business people.

Yet it is a financial procedure that releases up billions of dollars every year, enabling thousands of businesses to grow and succeed. Receivable Loan Financing has been around for countless years. Receivable Loan Funding Businesses are investors who pay cash for the right to get the future payments on your invoices. An overdue receivable or invoice has value. It is a financial obligation your client has actually to pay in the near future. Factoring Principals--Although factoring offers exclusively with business-to-business transactions, a large portion of the retail business uses a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail transactions. Utilizing the purest definition of the word, these big customer finance companies are truly just large Staffing Factoring Companies of customer paper. Consider it: You make a purchase at Sears and charge it to your MasterCard. The shop makes money practically instantly, although you do not make payment until you are prepared.

For this service, the charge card business charges XYZ Store a charge (typical common normal charges vary from 2 to 4 percent of the sale). The Advantages Accounts Receivable Factoring can provide numerous benefits to cash-hungry business. Rather than wait 30, 60, 90 days or longer for payment on an item that has actually already been provided, a business can factor (sell) its receivables for cash at a small price cut off the dollar value of the invoice. Payroll, advertising efforts, and working capital are simply a few of the business needs that can be satisfied with instant  money.

Factoring offers the ways for a producer to replenish inventory and make even more products to sell: There is no longer a need to await for earlier sales to be paid. Receivable Loan Financing is not simply a cash management tool for producers: Practically any type company can benefit from FACTORING. Typically, a business that extends credit will have 10 to 20 percent of its annual sales tied up in accounts receivable at any given time. Think for a minute about exactly how much is bound in 60 days' worth of invoices: You can not pay the power expense or today s payroll with a client s invoice, but you can offer that invoice for the cash to meet those obligations. Using trucking factoring companies is a quick and simple process. The factoring company purchases the invoice at a discount, usually a couple of portion points less than the stated value of the invoice.

 

 

Please call our
truck factoring specialists at
1 - 888-239-9162
or

E-mail Us
or complete the
OnLine
Trucking Factoring Request Kind

 

 

factoring-companies-nd

 

 

"

Fargo is the largest city in the State of North Dakota, accounting for nearly 16% of the state population. Fargo is also the county seat of Cass County. According to the 2013 United States Census estimates, its population was 113,658. Fargo, along with its twin city of Moorhead, Minnesota, as well as adjacent West Fargo, North Dakota and Dilworth, Minnesota, form the core of the Fargo-Moorhead, ND-MN Metropolitan Statistical Area, which in 2013 contained a population of 223,490. In 2014, magazine ranked Fargo as the fourth fastest-growing small city in the United States.Founded in 1871 and located on the Red River of the North floodplain, Fargo is a cultural, retail, health care, educational, and industrial center for Eastern North Dakota and Northwestern Minnesota. In addition, Fargo is home to North Dakota State University.The economy of the Fargo area has historically been dependent on agriculture. That dominance has decreased substantially in recent decades. Now, the city of Fargo has a growing economy based on food processing, manufacturing, technology, retail trade, higher education, and healthcare. In a study published by , Fargo was ranked the best small city in the nation to start a business or a career.

 

Bismarck is the capital of the U.S. state of North Dakota and the county seat of Burleigh County. It is the second most populous city in North Dakota after Fargo. The city's population was 61,272 at the 2010 census, while its metropolitan population was 123,751. In 2014, magazine ranked Bismarck as the seventh fastest-growing small city in the United States.Bismarck was founded in 1872 and has been North Dakota's capital city since the State was created from Dakota Territory and admitted to the Union in 1889.Bismarck is on the east bank of the Missouri River, directly across the river from Mandan. The two cities make up the core of the Bismarck-Mandan Metropolitan Statistical Area.The North Dakota State Capitol, the tallest building in the state, is in central Bismarck. The state government employs more than 4,000 in the city. As a hub of retail and health care, Bismarck is the economic center of south-central North Dakota and north-central South Dakota.According to the City's 2011 Comprehensive Annual Financial Report, the largest employers in the city are the following:

 

Grand Forks is the third-largest city in the State of North Dakota (after Fargo and Bismarck) and the county seat of Grand Forks County. According to the 2010 census, the city's population was 52,838, while that of the city and surrounding metropolitan area was 98,461. Grand Forks, along with its twin city of East Grand Forks, Minnesota, forms the center of the Grand Forks, ND-MN Metropolitan Statistical Area, which is often called Greater Grand Forks or The Grand Cities.Located on the western banks of the Red River of the North in a flat region known as the Red River Valley, the city is prone to flooding and was struck by the devastating Red River Flood of 1997. Originally called Les Grandes Fourches by French fur traders, Grand Forks was founded in 1870 by steamboat captain Alexander Griggs and incorporated on February 22, 1881. Its location at the fork of the Red River and the Red Lake River gives the city its name.Historically dependent on local agriculture, the city's economy now encompasses higher education, defense, health care, manufacturing, food processing, and scientific research. Grand Forks is served by Grand Forks International Airport and Grand Forks Air Force Base, while the city's University of North Dakota is the oldest institution of higher education in the state. The Alerus Center and Ralph Engelstad Arena host athletic and other events, while the North Dakota Museum of Art and Chester Fritz Auditorium are the city's largest cultural venues.The economy of Grand Forks is not dominated by any one industry or sector. While agriculture continues to play a role in the area's economy, the city of Grand Forks now has a relatively diverse economy that includes public and private employers in sectors such as education, defense, health care, manufacturing, and food processing. The state and federal governments are two of the largest employers in the Grand Forks area. The University of North Dakota, located in the heart of the city, is the largest employer in the metropolitan area. Grand Forks Air Force Base, just west of the city, employs a large number of civilian workers in addition to its enlisted personnel. Health System is the largest private employer in Grand Forks.

 

Minot (i/'ma?n?t/ MY-not) is a city located in north central North Dakota, United States. It is most widely known for the Air Force base located approximately 15 miles (24 km) north of the city. With a population of 40,888 at the 2010 census, Minot is the fourth largest city in the state. In 2012, the Minot Area Development Corporation estimated that there were between 46,000 and 47,000 permanent residents within city limits. The city is the county seat of Ward County and is a trading center for a large portion of northern North Dakota, southwestern Manitoba, and southeastern Saskatchewan. Founded in 1886 during the construction of the Great Northern Railway, Minot is also known as ""Magic City"", commemorating its remarkable growth in size over a short time.Minot is the principal city of the Minot Micropolitan Statistical Area, a micropolitan area that covers McHenry, Renville, and Ward counties and had a combined population of 69,540 at the 2010 census. In 2012, it was estimated that the population of the Minot Micropolitan Area was 73,146According to the City's 2013 Comprehensive Annual Financial Report, the largest employers in the city are:

 

West Fargo is a city in Cass County, North Dakota, United States. It is, as of the 2010 census, the fifth largest city in the state of North Dakota with a population of 25,830, and it is one of the state's fastest growing cities. West Fargo was founded in 1926. The city is part of the Fargo-Moorhead, ND-MN Metropolitan Statistical Area.

 

Williston is a city in and the county seat of Williams County, North Dakota, United States. The 2010 census gave its population as 14,716, and the Census Bureau gave the 2013 estimated population as 20,850, making Williston the sixth largest city in North Dakota. The North Dakota oil boom is largely responsible for the sharp increase in population.Founded in 1887, Williston was named for Daniel Willis James, a board member of the Northern Railroad Company, by his friend, railroad owner, James J. Hill.Williston's newspapers, both in print and online, are the daily Williston Herald and the weekly The Williston Trader. Sloulin Field International Airport is a public airport 3.2 km (2.0 mi) north of the business district. Williston is the home of Williston State College and the Miss North Dakota Scholarship Pageant.Williston's economy, while historically agricultural, is increasingly being driven by the oil industry. Williston lends its name to the Williston Basin, a huge subterranean geologic feature known for its rich deposits of petroleum, coal and potash. Williston sits atop the Bakken formation, which by the end of 2012 was predicted to be producing more oil than any other site in the United States, surpassing even Alaska's Prudhoe Bay, the longtime leader in domestic output in the United States. Williston has seen a huge increase in population and infrastructure investments during the last several years with expanded drilling using the 'frac' petroleum extraction technique in the Bakken Formation and Three Forks Gro. (The State of North Dakota provides a website detailing daily oil activity.) In 1995, the U.S. Geological Survey estimated that there were 150 million barrels of oil ""technically recoverable"" from the Bakken shale. In April 2008, the number was said to be about four billion barrels; in 2010 geologists at Continental Resources, the major drilling operation in North Dakota, estimated the reserve at eight billion. In March 2012, after the discovery of a lower shelf of oil, it announced a possible 24 billion barrels. Although current technology allows for extraction of only about 6% of the oil trapped 0.99�1.99 mi (1.6�3.2 km) beneath the earth's surface, recoverable oil might eventually exceed 500 billion barrels.

 

Dickinson is a city in Stark County, North Dakota, United States. It is the county seat of Stark County. The population was 17,787 at the 2010 census. The U.S. Census Bureau estimated 2013 population is 20,826.Since the North Dakota oil boom the city has become one of the fastest growing cities in the United States. The city according to the 2013 census is estimated to have a population of 20,826, however, other sources have estimates of the population at 26,771 or possibly exceeding 30,000. The rapid growth of the city has led to an increase in crime and homelessness within the city limits. Also the city has seen an increase in diversity, with increases in the Latino, Asian and African American populations.Dickinson is the principal city of the Dickinson Micropolitan Statistical Area, a micropolitan area that covers Billings and Stark counties and had a combined population of 24,982 at the 2010 census.

 

Mandan is a city in Morton County, and the eighth largest city in the State of North Dakota. Mandan was voted second most patriotic city in the United States. It is the county seat of Morton County and a core city of the Bismarck-Mandan Metropolitan Statistical Area. The population was 18,331 at the 2010 census. The U.S. Census Bureau estimated 2013 population is 19,887. Mandan was founded in 1879 and became the county seat in 1881. It is located across the Missouri River from Bismarck, the state capital. Arefinery north of Mandan began operations in 1954 and today has a capacity of 71,000 barrels per day (bpd). It processes primarily North Dakota sweet (low-sulfur) crude oil into gasoline, diesel fuel, jet fuel, heavy fuel oils and liquefied petroleum gas.

 

Jamestown is a city in Stutsman County, North Dakota, United States. It is the county seat of Stutsman County. The population was 15,427 at the 2010 census, making it the ninth largest city in North Dakota. Jamestown was founded in 1872.Jamestown has a strong manufacturing base as well as agriculture, retail and wholesale businesses. Notable companies headquartered in Jamestown.

 

Wahpeton (/'w??p?t?n/ WAH-p?-t?n) is a city in Richland County, North Dakota, United States. It is the county seat of Richland County and the U.S. Census Bureau estimated 2013 population was 7,853. Wahpeton was founded in 1869 and is the principal city of the Wahpeton Micropolitan Statistical Area, which includes all of Richland County, North Dakota and Wilkin County, Minnesota.Wahpeton's twin city is Breckenridge, Minnesota. The Bois de Sioux River and the Otter Tail River join at Wahpeton and Breckenridge to form the Red River of the North.The North Dakota State College of Science is located in Wahpeton. The local newspaper is the Wahpeton Daily News.Wahpeton is the home of several large manufacturing plants.

 

Devils Lake is a city in Ramsey County, North Dakota, United States. It is the county seat of Ramsey County. The population was 7,141 at the 2010 census. It is named after the nearby body of water, Devils Lake. The first house in Devils Lake was built in 1882. It was surveyed in 1883 and named Creelsburg and later Creel City, after the surveyor, Heber M. Creel. In 1884 it was renamed Devils Lake.The local paper is the Devils Lake Journal. Devils Lake Municipal Airport serves the city. Devils Lake is home to Lake Region State College and the North Dakota School for the Deaf.

 

Valley City is a city in Barnes County, North Dakota, United States. It is the county seat of Barnes County. The population was 6,585 during the 2010 census, making it the twelfth largest city in North Dakota. Valley City was founded in 1874.The city is known for its many bridges over the Sheyenne River including the Hi-Line Railroad Bridge. These bridges have earned it the distinction of being called the ""City of Bridges"". The city is also the home of Valley City State University and the home for the North Dakota High School Activities Association (NDHSAA).

 

Grafton is a city in the State of North Dakota and is the county seat of Walsh County. As of the 2010 Census, the city of Grafton had a population of 4,284, making it the thirteenth largest city in North Dakota. Grafton was founded in 1881.

 

Beulah is a city in Mercer County, North Dakota, United States. The population was 3,121 at the 2010 census, making it the fourteenth largest city in North Dakota.Beulah is home to the Dakota Gasification Company.

 

Watford City (Hidatsa: aba?aru?ush), founded in 1914, is the seat of McKenzie County, North Dakota in the United States. The population was 1,744 at the 2010 census. Because Watford City is part of the Bakken field, the North Dakota oil boom has significantly increased population and construction since the 2010 census.in Watford City. The local newspaper is the McKenzie County Farmer.

 

Lincoln is a city in Burleigh County, North Dakota, United States. It is a suburb of adjacent Bismarck, and also a core city of the Bismarck-Mandan Metropolitan Statistical Area. The population was 2,406 at the 2010 census. Lincoln was founded in 1977.

 

Rugby is a city in Pierce County, North Dakota, United States. It is the county seat of Pierce County. The population was 2,876 at the 2010 census. Rugby was founded in 1886.Rugby is often billed as being the geographic center of North America.

 

Horace is a city in Cass County, North Dakota, United States. The population was 2,430 at the 2010 census. Horace is the fastest growing city in North Dakota in terms of percent increase, increasing 165.6% over the last decade. The city is a suburb of the Fargo-Moorhead metropolitan area. Horace was founded in 1882.

 

Casselton is a city in Cass County, North Dakota, United States.[1] The population was 2,329 at the 2010 census. The city is named in honor of George Cass, a president of the Northern Pacific Railway, which established a station there in 1876 to develop a town for homesteaders. Casselton is the hometown of five North Dakota governors.

 

Hazen is a city in Mercer County, North Dakota, United States. The population was 2,411 at the 2010 census. Hazen was founded in 1913. Hazen has a K-12 school system.It is located about fifteen minutes south of Lake Sakakawea, the largest lake in North Dakota and the third largest man-made lake in the United States.

 

New Town (Arikara: neetuhcipiri�nu [neetUhcipiri�NU])[3] (Hidatsa: Awadihiraash)[4] is a city in Mountrail County, North Dakota in the United States. The population was 3,200 in 2014. New Town was platted in 1950 as a replacement site for the residents of Sanish and Van Hook, which towns were planned to be inundated by Lake Sakakawea. It is the largest city and administrative center of the Fort Berthold Reservation. New Town is home to Fort Berthold Community College. New Town is located on State Highway 23 at the crossing of Lake Sakakawea by the Four Bears Bridge. The city has recreation for all seasons including; fishing, boating, water skiing, trails for hiking.

 

Bottineau is a city in Bottineau County, North Dakota, United States. It is the county seat of Bottineau County and is located just over ten miles south of the Canada�United States border. The city's population was 2,211 at the 2010 census.The city is home to Dakota College at Bottineau. Attractions in Bottineau include the Bottineau Winter Park and ""Tommy Turtle"", the world's largest turtle, which has become a landmark for the city. Built in 1978 and standing 30 feet tall, the fiberglass turtle is located in the eastern half of the city and supposedly was built as a symbol for the nearby Turtle Mountains.Bottineau is also home to in Minot.The economy in Bottineau is based on agriculture and recreational activities.

 

Lisbon is a city in Ransom County, North Dakota, United States. It is the county seat of Ransom County. The population was 2,154 at the 2010 census.

 

Carrington is a city in Foster County, North Dakota, United States. It is the county seat of Foster County. The population was 2,065 at the 2010 census. Carrington was founded in 1883.Carrington is home to Dakota Pasta Company, Inc.

 

Stanley is a city in Mountrail County, North Dakota, United States. It is the county seat of Mountrail County. The population was 1,458 at the 2010 census.Stanley is situated on the Bakken Formation, which encompasses northwestern North Dakota, northeastern Montana, and southern Saskatchewan, Canada. The formation is a rich source of oil, first discovered in the 1950s. Until the late 2000s the cost of oil extraction was too high to retrieve the oil profitably. With new technologies in oilfield production and the rising price of oil, the field has now become economically viable. The field may be the largest producing onshore field in the Continental United States outside of Texas and California, with the U.S. Geological Survey estimating that it contains between 3 billion and 4,300,000,000 barrels (680,000,000 m3) of oil, sixth overall in the lower 48, and could hold as much as 200 billion barrels (32�10^9 m3) of oil.

 

Mayville is a city in Traill County, North Dakota, United States. The population was 1,858 at the 2010 census, which makes Mayville the largest community in Traill County. Mayville was founded in 1881.Mayville is often grouped with the neighboring city of Portland. The two towns are sometimes given the name May-Port. Mayville State University is located in Mayville.

 

Oakes is a city in Dickey County, North Dakota, United States. The population was 1,856 at the 2010 census. Oakes was founded in 1886.

 

Langdon is a city in Cavalier County, North Dakota, United States. It is the county seat of Cavalier County. The population was 1,878 at the 2010 census. Langdon was designated as the county seat in 1884 and was incorporated in 1885.

 

Harvey is a city in Wells County, North Dakota, United States. The population was 1,783 at the 2010 census. Harvey was founded in 1893 as a division point by the Soo Line Railway. According to the book published in 1981 on the 75th anniversary of the town's incorporation as a city in 1906, Harvey, ND is believed to have been named for a director of the Line Railway: Col. Scott William Harvey of Minneapolis, Minnesota.

 

Bowman is a city and county seat of Bowman County, North Dakota, United States. Its population was 1,650 at the 2010 census.

 

Hillsboro is a city in Traill County, North Dakota, United States. It is the county seat of Traill County. The population was 1,603 at the 2010 census. Hillsboro was founded in 1881.Hillsboro sits in the fertile Red River Valley. Local agriculture has dominated the area's economy from the beginning. With its location on Interstate 29, halfway between the two metropolitan centers of Greater Grand Forks and Fargo-Moorhead, Hillsboro has seen steady population growth in recent years and has become somewhat of a bedroom community.Hillsboro is known for having the oldest weekly newspaper in the state, the Hillsboro Banner.The economy of Hillsboro, like so many other small, rural towns in North Dakota, is heavily dependent on agriculture. When local farmers have a bad harvest, the Hillsboro economy can also suffer. In turn, when the harvest is good, Hillsboro usually prospers. One of the more obvious effects the agricultural community has had on Hillsboro is found at the sugar beet plant directly north of town. The large plant, located on U.S. Highway 81, has been responsible for both an increase in population and a steady stream of available jobs during the last few decades that it has been open.

 

Tioga (/ta?'o?g?/ ty-OH-g?) is a city in Williams County, North Dakota, United States. The population was 1,230 at the 2010 census.Tioga was founded in 1902 and named by settlers from Tioga, New York. The population of the city increased dramatically in the 1950s following the discovery of oil nearby in the Williston Basin.

 

Garrison is a city in McLean County, North Dakota, United States. The population was 1,453 at the 2010 census. Garrison was founded in 1905 by brothers Theodore and Cecil Taylor. Theodore was a rancher in nearby Montrail County, and later was elected Sheriff of Burleigh County. The brother's direct ancestor was Joseph Henry Taylor, trapper and author of four books and numerous newspaper articles during his 40 years of pioneering in North Dakota. His books included Frontier and Indian Life and its companion, Kaleidescope Lives. He was the editor of the Washburn paper, the McLean County Mail.

 

New Rockford is a city in Eddy County, North Dakota, United States. It is the county seat of Eddy County. The population was 1,391 at the 2010 census. New Rockford was founded in 1883.

 

"

 

North Dakota

 

North Dakota Cities

 

The United states Trucking Association
specifies that there around
195,000 work with freight trucking
companies and
276,000 personal providers trucking
companies accredited to
operate in the United States that carried,
according to their most current data of millions
products, materials and
standard products .
There are numerous common
carriers either going solo or in
groups on our nation
highways transferring these
vital items to our
shops, manufacturingplants and shipping ports.

And freight bill factoring
businesses aid
many of them and offer their
accounts receivablesfinancing services
nationwideincluding
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

 

On the plateau cattle graze, finding shelter in the many ravines, and large ranges are an economic necessity. In the northwestern area of the state oil was discovered in 1951, and petroleum is now North Dakota's leading mineral product, ahead of sand and gravel, lime, and salt. There are also natural-gas fields. Underlying the western counties are lignite reserves; close to the lignite beds are deposits of clay of such varied types that they serve as both construction and pottery materials. Despite mineral production and some manufacturing, agriculture continues to be North Dakota's principal pursuit, and the processing of grain, meat, and dairy products is vital to such cities as Fargo, Grand Forks, Minot, and Bismarck. The Missouri and Red rivers, once the major transportation routes, are more important now for their irrigation potential. Several dams have been built, notably Garrison Dam, and a number of federal reclamation projects have been completed as part of the Missouri River basin project. There has also been reforestation. With such attractions as the Badlands, the International Peace Garden on the Canadian border, and recreational facilities provided by reservoirs (resulting from dam building in the 1950s), tourism has become North Dakota's third-ranking source of income, behind agriculture and mineral production.

 

 

 

Watch Our Freight Factoring Companies YouTube Videos For More Information

 

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

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

 

 

"

Foster Truck & Haul have been operating their 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, Foster was a top rated accounts receivable mastermind of the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. Cash was flowing and times were good for all.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 down. Worse still, it was noticed by Foster in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. Spring changed to summer, summer changed to fall, and the CEO of Foster, Clarence Graham, 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? By his bookkeepers records, this wasn't the case. Perhaps he was losing his customers to his competitor, who seemed to offer very low prices with no guarantee of quality or performance, and these clients who were in debt to his company had possibly disappeared leaving him stranded. They could not afford to pay him their debt, but they could afford a lesser service, maybe. 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. The had just gone!.To Clarence Graham 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, Phyllis, and neither were unable to stop the constant worry over the lack of funds.""Lin, I have a really bad feeling,"" he'd sadly say to his wife.""Well, what do you think it is?"" she would say.Clarence would stare off into the distance, and then slowly close his eyes. In his mind he could clearly see the fleet of trucks purchased over the many years. He could see them traveling, bringing goods to all of his clients. But somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. What could cause this ultimate death spiral of business?""I think I know what it could be,"" Clarence 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."" All Phyllis 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'.""Clarence knew very well that Phyllis 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 Clarence strolled into his office and was determined to sit down and make every phone call to every client who had owed Foster 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. Wasting money, wasting time - even with the best of intentions, Clarence knew that he was in trouble.

 

Poor Clarence 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.

 

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

 

""Sure thing Virginia, come on in."" Clarence leaned back in his chair and looked expectantly at Virginiaerely.""Well Clarence, this afternoon I did some research, trying to work out how we are going to get out of this mess."" 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?"" Virginiaerley asked.""It does sound vaguely familiar. What is it?"" he said.""Well,"" she began, ""It�s actually quite simple really.

 

So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Clarence interrupted ""Immediately?"".""Yes, immediately,"" she continued, ""In a nutshell, it is pretty easy. We start by having a professional account manager review our figures and help us set up a company profile. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It provides a very broad view.""Clarence replied cautiously ""I see - and what happens then?""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. The company will advise us the cost to purchase factoring for our company's accounts receivable. We come to an agreement and the funding starts pouring out.�Clarence was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""I do not know, Virginia - it just sounds too good to be true"", Clarence said quietly.""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, Clarence,"" she drew a circle around a paragraph on the document before him.""How flexible?"" asked Clarence.""They personalize the factoring rates so that the amount they are willing to take on is commensurate with our needs and our client�s debt. It only takes 2 to 4 days for this to be figured out. ""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. 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,"" Clarence said.Clarence 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.""Clarence took a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Foster Truck & Haul were professional resources of the company, but they were also long-standing friends. They did not want to throw away these relationships because they were having trouble paying their bills now. Clarence knew only too well that the whole economy was floundering, and that it was not going to change overnight. That unknown amount of time, if he handled these debtors incorrectly, could spell disaster for both of them. He did not want to lose business but he also did not want to lose any more money.""Let me go over this tonight Virginia, and thankyou."" Virginia stood up and left Clarence's office, with the nice feeling of knowing that she may just have solved a very serious problem.Clarence stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. He wondered if there might be other problems freight factoring could help Foster Truck & Haul with? Running his pencil down the sheet, he noted that the freight factoring company could assist with fuel costs, fuel advances, and fuel discount cards. Clarence was surprised: it said that his company could get up to fifty percent cash advances on load pickups. Clarence was a typical business man: he despised binding contracts that did not allow room to breathe, so he was pleasantly surprised to see that the factoring company did not require a long term contract, that there was no minimum volume required, and that there were no sign-up fees.""I must tell Joseph the good news,"" Clarence muttered to himself.Joseph is Clarence's son-in-law, and he really admired the ideas behind Foster, so much so that only two years before he had started his own transportation service business. At that time Clarence knew the struggles Joseph would face, but he still encouraged him to follow his dream. With the economy the way it was, if an established company such as Foster was struggling then the little guys, like Joseph, were going to be in even more trouble.

 

But, maybe the answer for both of them was in freight factoring, and Clarence was going to find out very soon.A few short months later, after completing the application process, having the legal experts review his credit history, accounts receivable, and statements, finally Clarence was beginning to find his way out of the hole his debtors had created for him.They adopted reasonable factoring purchase contracts and stopped wasting their own precious time trying to collect debts. They used that time to refocus their efforts in being competitive in new territories. Clarence looked back on the dismal months of life before freight factoring and almost shuddered at the thought. If Clarence hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

 

 

More Trucking Factoring Companies Story Articles

"

The Future of a Trucking Company, and Factoring The phone was ringing on his desk, and Larry Hernandez 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. Hernandez 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.

 

Larry�s father had started as an owner-operator and had grown Hernandez 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 Larry'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. But now things were different: the company was in Larry's hands and he needed to ensure that this business would be left in great shape for his sons.

 

To move Hernandez 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. Some of the refrigerated trailers were in need of repairs and he felt to stay competitive it was also a good idea to invest in specialized haulers to be ready for the constant requests he was getting for loads of new energy and agriculture equipment. He knew that turning down these requests made Hernandez Trucking look inefficient and weak in what was currently a strong market.

 

His father would have told him to wait and to take his time adding on new technology. Larry allowed himself a good hard chuckle. 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.

 

Larry knew he was right in his forward thinking. What would be the next step for Hernandez 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.

 

He wondered about factoring - was this the answer for him? There was a lot he didn�t understand about the process. It sounded like a ninth grade math problem and he wondered how this would fit into the trucking business. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. In return, the factoring company pays the trucking business straight away, providing immediate cash flow for the business to pay staff, purchase fuel, and do any repairs or maintenance. Without the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Larry had to really consider what his next step was going to be. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. Worse still, if the customer defaulted on payment, the factoring company takes it out of the money supposedly coming to you! He'd even heard about some companies putting you onto a sliding percentage scale regardless of any previously signed contracts for possibly 3% or 7%, and there you are now with 10% coming as a charge to you out of the freight bill. His 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?

 

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. 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. Many companies offered a non-recourse factoring program that suited him just fine. He was more than happy with the figures he was offered in percentage terms on the freight bills. It was good money.

 

For Larry it was quite a relief to be dealing with the factoring company. They were extremely helpful and more personable than the bank staff. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Larry because he and his father had created a very strong and loyal list of clientele over the years. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients wouldn�t think poorly of Hernandez Trucking and the factoring companies appeared capable of handling the accounts receivable in the same polite manner that his father had used over the years.

 

Larry 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 Hernandez 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.

 

"

 

 

 

 

Construction Factoring

 

Business Factoring Companies

 

Watch Our Freight Factoring Companies Videos For More Information

 

 

 

 

 

 

 

Trucking Factoring  Articles

"

�So, this is not a loan?� Ruben Young asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Ruben smiled at him, shaking her head.�No, not exactly,� she said.Ruben was the owner of a small trucking company which had fallen on some hard times recently. Trucking could be a profitable business, and for a little under a decade, it had been for Aaron. He named his business Franklin Trucking, named after Neil and Fernando, his two grandfathers. Both of these men had been very hardworking and had set a great example for Aaron.Disaster had struck half a year ago, when two trucks in Aaron�s fifteen truck fleet went down. One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. Ruben depended on his full fleet, and missing two trucks was devastating . In addition, he just did not have the available cash to buy a new truck, plus repair the other one.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.Ruben 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.And that's why he found himself across the desk from this woman. Her name was Charlotte 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.Charlotte 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.Ruben nodded. It sounded good to him, almost too good.Charlotte laughed. �I'm not sure that you believe me,� she said.�No, I do, I just think it sounds a bit too good to be true. I actually thought I might end up losing my business.�Charlotte nodded. �We get that a lot. Listen, I�d hate to see you lose your company. We know how hard you work, and that you've invested everything in your business. Sometimes you need help. That�s what we�re here for.""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,� Charlotte said with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Ruben completed the form, with Charlotte offering advice as needed.

 

The completed profile gave Charlotte and her company all the information they needed on Aaron'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 Ruben completed his form, Charlotte listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Charlotte took it and slid it into her briefcase. She then stood, reached across the desk and shook Aaron�s hand. He also stood up, and they smiled at each other. Ruben walked Charlotte to the door where they said 'Goodbye', then he went back into his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He shut his eyes. He felt so drained: he had been flailing helplessly for so long, he just knew his business was going to collapse and probably take him with it. But now, after speaking to Charlotte and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He relaxed into his chair, running his hand through his thick black hair with its telling streaks of grey.All those long, sleepless nights. The terrifying panic attacks that occurred regardless of where he was. Already he could feel all the stress start to drain 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. He had opened a restaurant at age twenty two when he was fresh out of school. It had been successful. Offering home cooking in his own hometown, his business had really prospered.But it wasn't what he really wanted to do. He wasn't passionate about the food industry. He thought long and hard, and then he decided to sell the restaurant. He took six months off, and during that time he decided to create Franklin Trucking. So he did it. Once again he built a company from the ground up. The business had been an instant success.And then the trucks went down, and his success looked to be in flux. He was about to turn fifty. He was concerned that he just did not have the energy left to try and save the business. But he couldn�t give up. Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically sick some nights. He didn�t know how to say quit.And now, because of factoring, he was sure he wouldn�t have to. Ruben 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.

 

"

 

 

 

More Trucking Factoring Company Story Articles

Why Trucking Agencies Use Factoring Companies.

 

As the operator of your own business, you may well be more than conscious already of the difficulty in making sure that capital matters do not become a predicament down the line. Anyway, the worst thing that can potentially happen for your firm is to find yourself dragged in a long and complicated situation that leaves you forever trying to find the cash you need on an ongoing basis.

 

For pretty much any firm in this instance, the issue can come for waiting for work to clear up and actually be settled into your account. Bill of sales, checks, and the like can take a long time to actually to beprocessed which may leave you with temporary capital dilemmas. Fortunately, there are alternatives out there for industries to explore-- and just one of these is factoring firms.

 

Factoring companies will, in trade for your statements, supply you with the money immediately to ensure you do not have to worry about the waiting phase that could make paying the expenses and acquiring toolsmore complicated. With this type of setup, invoice factoring can become extraordinarily practical for several businesses who need to get out of a cash pitfall which they have found themselves in.

 

Since, basing on the scale of the project, it can take up to 60 days for a number of business enterprises to get compensated then it is vital to take care of your own back and definitely not leave yourself money short to pay the costs. After all, how many companies have two months revenue just occupying there to address all their overheads till they earn?

 

This is particularly true of trucking firms. They have the tendency to manage great deals of accounts which means a significant volume of collection period entails business owner themselves. Trying to get paid promptly can eventually become an extraordinary inconvenience and this is exactly why you employ truck factoring agencies who are thrilled to help out truckers particularly.

 

As most of us know, trucking is an astonishingly massive industry with many firms out there working with hundreds of vehicle drivers. Sadly, numerous of these drivers land up in finances predicaments simply because they are still anticipating work from six weeks in the past to actually pay them. When this is the scenario for a trucking business, depending on factoring firms for support maybe the very best alternative left.

 

This indicates that a trucking corporation can pay out the paychecks of the people, keep all the vehicles filled with gas and continue to escalate, progress and expand without continually waiting for the resources which is taking too prolonged to come in. Trucking Enterprises running without a factoring program put in place are leaving themselves at considerable threat, as competitors cash out fast and proceed to expand.

 

There's honestly not a thing to be stressed about when it comes to employing a Factoring business-- they commonly are not like a bank or somebody who is going to leave you with a significant heap of debt to pay back. You give them legitimate invoices from work you have already wrapped up , you are simply facilitating the repayment system.

 

In the United States, where truck agencies succeed, factoring companies are not considered accepting loan of in any capacity. This private agreement then allows both groups to profit and take joy in a comfortable future-- it provides the factoring provider a guaranteed resource of profit to add to the list and it supplies the trucking company the required cash that they worked hard to acquire.

 

The trucking enterprise provides their invoices to the factoring firm. The trucking factoring company then obtain the payment amounts from the trucking company's clients. Factoring has beenaround for hundreds of years and has been utilized for long times by plenty of diverse business-- but none much more so than truckers. While you may well lose out on a small part of the money, something like 1-3 % depending on who you team up with, it signifies that you are receiving the money today and can actually start off setting the money to perform.

 

Anyway, an IOU or an invoice is definitely not going to cover spendings, is it? For trucking establishments when the funds 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 considerable amount of time and finance to get through the week till they are paid once again.

 

So the next moment your trucking enterprise is having some momentary capital troubles and you are putting in an excessive amount of time chasing inactive paying clients, why not start off thinking about making use of a factoring companies as a manner to get your money and give yourself a more at ease future in the eyes of your trucking crew and your bank dividend?

 

 

 

 

 

 

"

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

 

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. 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 money you can receive is based on the amount of money you have earned and the accounts receivable you are willing to �sell.� Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. There is no debt. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. 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. The debt goes onto your credit report with a bank loan, with only one missed payment adversely affecting your business credit: it would also affect your ability to secure insurance, and may reflect on your personal credit rating as well.

 

2. There's no collateral required. Another 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 makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

3. You'll receive the money faster. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.

 

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

 

As you can see, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The 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.

 

"

 

 

 

 

Factoring Companies by City

Alabama

Alaska

Arizona

Arkansas

California

Colorado

Connecticut

Delaware

Florida

Georgia

Hawaii

Idaho

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

 

Wyoming

 

Alabama

Alaska

Arizona

Arkansas

California

Colorado

Connecticut

Delaware

Florida

Georgia

Hawaii

Idaho

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

Wyoming

Alabama

Alaska

Arizona

Arkansas

California

Colorado

Connecticut

Delaware

Florida

Georgia

Hawaii

Idaho

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

Wyoming

Alabama

Alaska

Arizona

Arkansas

California

Colorado

Connecticut

Delaware

Florida

Georgia

Hawaii

Idaho

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

Wyoming