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"

Birmingham (/'b?rm??h�m/ BUR-ming-ham) is the largest city in Alabama. The city is the county seat of Jefferson County. The city's population was 212,237 according to the 2010 United States Census. The Birmingham-Hoover Metropolitan Statistical Area had a population of about 1,128,047 according to the 2010 Census, which is approximately one quarter of Alabama's population.Birmingham was founded in 1871, during the post-Civil War Reconstruction period, through the merger of three pre-existing farm towns, notably, former Elyton. It grew from there, annexing many more of its smaller neighbors, into an industrial and railroad transportation center with a focus on mining, the iron and steel industry, and railroading. Birmingham was named for Birmingham, England, United Kingdom; one of the UK's major industrial cities. Many, if not most, of the original settlers who founded Birmingham were of English ancestry. In one writer's view, the city was planned as a place where cheap, non-unionized, and African-American labor from rural Alabama could be employed in the city's steel mills and blast furnaces, giving it a competitive advantage over industrial cities in the Midwest and Northeast.From its founding through the end of the 1960s, Birmingham was a primary industrial center of the South. The pace of Birmingham's growth during the period from 1881 through 1920 earned its nicknames The Magic City and The Pittsburgh of the South. Much like Pittsburgh, Birmingham's major industries were iron and steel production, plus a major component of the railroading industry, where rails and railroad cars were both manufactured in Birmingham. In the field of railroading, the two primary hubs of railroading in the Deep South were nearby Atlanta and Birmingham, beginning in the 1860s and continuing through to the present day. The economy diversified during the later half of the twentieth century. Though the manufacturing industry maintains a strong presence in Birmingham, other businesses and industries such as banking, telecommunications, transportation, electrical power transmission, medical care, college education, and insurance have risen in stature. Mining in the Birmingham area is no longer a major industry with the exception of coal mining. Birmingham ranks as one of the most important business centers in the Southeastern United States and is also one of the largest banking centers in the United States. In addition, the Birmingham area serves as headquarters to one Fortune 500 company: Regions Financial, along with five other Fortune 1000 companies.In higher education, Birmingham has been the location of the University of Alabama School of Medicine (formerly the Medical College of Alabama) and the University of Alabama School of Dentistry since 1947. Since that time it has also obtained a campus of the University of Alabama, University of Alabama at Birmingham (founded circa 1969), one of three main campuses of the University of Alabama System. It is also home to three private institutions: Sam University, Birmingham-Southern College, and Miles College. Between these colleges and universities, the Birmingham area has major colleges of medicine, dentistry, optometry, pharmacy, law, engineering, and nursing. The city has three of the state's five law schools: Cumberland School of Law, Birmingham School of Law, and Miles Law School. Birmingham is also the headquarters of the Conference, one of the major U.S. collegiate athletic conferences.From Birmingham's early days onward, the steel industry has always played a crucial role in the local economy. Though the steel industry no longer has the same prominence it once held in Birmingham, steel production and processing continue to play a key role in the economy. Steel products manufacturers also have a major presence in Birmingham. In recent years, local steel companies have announced about $100 million worth of investment in expansions and new plants in and around the city. Company, a major provider of crushed stone, sand, and gravel used in construction, is also based in Birmingham.

 

Montgomery /m?nt'g?m?ri/ is the capital of the U.S. state of Alabama and is the county seat of Montgomery County. Named for Richard Montgomery, it is located on the Alabama River, in the Gulf Coastal Plain. As of the 2010 Census, Montgomery had a population of 205,764. It is the second-largest city in Alabama, after Birmingham, and the 103rd largest in the United States. The Montgomery Metropolitan Statistical Area had a 2010 estimated population of 374,536. It is the fourth-largest in the state and 136th among United States metropolitan areas.The city was incorporated in 1819, as a merger of two towns situated along the Alabama River. It became the state capital in 1846, representing the shift of power to the south-central area with the growth of cotton as a commodity crop of the Black Belt and Mobile's rise as a mercantile port. In February 1861, Montgomery was selected as the first capital of the Confederate States of America, until the seat of government moved to Richmond, Virginia, in May of that year. During the mid-20th century, Montgomery was a major site of events in the African-American Civil Rights Movement, including the Montgomery Bus Boycott and the Selma to Montgomery marches.In addition to housing many Alabama government agencies, Montgomery has a large military presence due to Maxwell Air Force Base; public universities Alabama State University, Troy University (Montgomery campus), and Auburn University at Montgomery; private colleges/universities Faulkner University and Huntingdon College; high-tech manufacturing, Manufacturing Alabama; and cultural attractions such as the Alabama Shakespeare Festival and Montgomery Museum of Fine Arts.Two ships of the United States Navy have been named after the city, including USS Montgomery (LCS-8).Montgomery has won several national awards including being voted Best Historic City by USA Today, being named an All-America City in 2014 by the League, and being named the happiest city in Alabama. Montgomery has also been recognized nationally for its successful, and ongoing downtown revitalization and new urbanism projects with Montgomery having been one of he first cities in the nation to implement Smart Code Zoning.Montgomery's central location in Alabama's Black Belt makes it a processing hub for crops such as cotton, peanuts, and soybeans. In 1840 Montgomery County led the state in cotton production, and by 1911, the city processed 160,000�200,000 bales of cotton annually. Montgomery has long had large metal fabrication and lumber production sectors. Due to its location along the Alabama River and extensive rail connections, Montgomery has and continues to be a regional distribution hub for a wide range of industries and has diversified its economy in recent years with increased employment in sectors such as healthcare, business, government, and manufacturing. Today, the city's Gross Metropolitan Product is $12.15 billion, representing 8.7% of the Gross State Product of Alabama.

 

Mobile (/mo?'bi?l/ moh-BEEL) is the county seat of Mobile County, Alabama. The population within the city limits was 195,111 as of the 2010 United States Census, making it the third most populous city in the State of Alabama, the most populous in Mobile County, and the largest municipality on the Gulf Coast between New Orleans, Louisiana, and St. Petersburg, Florida.Alabama's only saltwater port, Mobile is located at the head of the Mobile Bay and the north-central Gulf Coast. The Port of Mobile has always played a key role in the economic health of the city beginning with the city as a key trading center between the French and Native Americans down to its current role as the 12th-largest port in the United States. Mobile is the principal municipality of the Mobile Metropolitan Statistical Area, a region of 412,992 residents which is composed solely of Mobile County and is the third-largest metropolitan statistical area in the state. Mobile is the largest city in the Mobile-Daphne-Fairhope CSA, with a total population of 604,726, the second largest in the state.[14] As of 2011, the population within a 60-mile (100 km) radius of Mobile is 1,262,907.[15]Mobile began as the first capital of colonial French Louisiana in 1702. During its first 100 years, Mobile was a colony of France, then Britain, and lastly Spain. Mobile first became a part of the United States of America in 1813, with the annexation of West Florida under President James Madison. It then left that union in 1861 when Alabama joined the Confederate States of America, which collapsed in 1865.[16]As one of the Gulf Coast's cultural centers, Mobile has several art museums, a symphony orchestra, a professional opera, a professional ballet company, and a large concentration of historic architecture.[17][18] Mobile is known for having the oldest organized Carnival celebrations in the United States. The festival began to be celebrated in the first decade of the 18th century, during the city's French colonial period. Mobile was also host to the first formally organized Carnival mystic society, known elsewhere as a krewe, to celebrate with a parade in the United States, beginning in 1830.[19]Aerospace, steel, ship building, retail, services, construction, medicine, and manufacturing are Mobile's major industries. After experiencing economic decline for several decades, Mobile's economy began to rebound in the late 1980s. Between 1993 and 2003 roughly 13,983 new jobs were created as 87 new companies were founded and 399 existing companies were expanded.[155]

 

Huntsville is a city located primarily in Madison County in the central part of the far northern region of the State of Alabama. Huntsville is the county seat of Madison County.[6] The city extends west into neighboring Limestone County. Huntsville's population was 180,105 as of the 2010 census. The Huntsville Metropolitan Area's population was 417,593. Huntsville is the fourth-largest city in Alabama and the largest city in the five-county Huntsville-Decatur Combined Statistical Area, which at the 2013 census estimate had a total population of 683,871. In 2013, the Huntsville metropolitan area became the 2nd largest in Alabama with a population of 435,737.It grew across nearby hills north of the Tennessee River, adding textile mills, then munitions factories, NASA's Marshall Space Flight Center and the United States Army Aviation and Missile Command nearby at the Redstone Arsenal. The National Trust for Historic Preservation named Huntsville to its ""America's Dozen Distinctive Destinations for 2010"" list.Huntsville's main economic influence is derived from aerospace and military technology. Redstone Arsenal, Cummings Research Park (CRP), and NASA's Marshall Space Flight Center comprise the main hubs for the area's technology-driven economy. CRP is the second largest research park in the United States and the fourth largest in the world. University of Alabama in Huntsville is a center for technology and engineering research in the area. There are commercial technology companies such as the network access company , computer graphics company Intergraph and design and manufacturer of IT infrastructure. Telecommunications provider . is based in the city. manufactures and distributes DVDs and Discs out of their Huntsville plant. CI has a presence in the area. Fifty-seven Fortune 500 companies have operations in Huntsville.[47]

 

Tuscaloosa (/t?sk?'lu?s?/ TUSK-?-LOO-s?) is a city in and the seat of Tuscaloosa County in west central Alabama (in the southeastern United States). Located on the Black Warrior River, it is the fifth-largest city in Alabama, with an estimated population of 95,334 in 2013. Founded in 1819, the city was named after Tuskaloosa, the chieftain of a Muskogean-speaking people who battled and was defeated by Hernando de Soto in 1540 in the Battle of Mabila,[6] and served as Alabama's capital city from 1826 to 1846.Tuscaloosa is the regional center of industry, commerce, healthcare, and education for the area of west-central Alabama known as West Alabama. It is the principal city of the Tuscaloosa Metropolitan Statistical Area, which includes Tuscaloosa, Hale and Pickens counties and has an estimated metro population in 2013 of 235,628. Tuscaloosa is also the home of the University of Alabama, Stillman College and Shelton State Community College. While the city attracted international attention when enz announced it would build its first automotive assembly plant in North America in Tuscaloosa County, the University of Alabama remains the dominant economic and cultural engine in the city.Tuscaloosa has been traditionally known as the ""Druid City"" because of the numerous water oaks planted in its downtown streets since the 1840s.[1] The city has also become well known nationally for the University of Alabama's success in sports, and particularly in football. City leaders adopted the moniker ""The City of Champions"" after the Alabama Crimson Tide football team won the National Championship game in 2010, 2012, and again in 2013. In 2008, the City of Tuscaloosa hosted the USA Triathlon trials for the Beijing Games.Although higher education is the bedrock of Tuscaloosa's economy, the city boasts an economy based on diverse sectors of manufacturing and service. Twenty-five percent of the labor force in the Tuscaloosa Metropolitan Statistical Area is employed by the federal, state, and local government agencies. 16.7% is employed in manufacturing; 16.4% in retail trade and transportation; 11.6% in finance, information, and private enterprise; 10.3% in mining and construction; and 9.2% in hospitality. Education and healthcare account for only 7.2% of the area workforce with the remainder employed in other services.[37]

 

Hoover is a city in Jefferson and Shelby Counties in north central Alabama, in the United States. The largest suburb of Birmingham, the population of the city was 84,126 as of the 2013 US Census estimate. Hoover is part of the Birmingham-Hoover, AL Metropolitan Statistical Area and is also included in the Birmingham-Hoover-Talladega, AL Combined Statistical Area. Hoover�s neighborhoods and planned communities are located along the foothills of the Appalachian Mountains.Hoover is home to the Riverchase Galleria, one of the largest shopping centers in the Southeast and one of the largest mixed-use centers in the U.S. with 2.4 million square feet (222,967 m�) of total retail floor area. The Riverchase Galleria complex includes shopping, hotel, and office space. The Birmingham Minor League Baseball team, which traces its history to 1885, played its home games at the 10,800 seat Hoover Metropolitan Stadium until the team began playing home games at the Regions Field in downtown Birmingham in April 2013. brief professional baseball career was with the in 1994.The Riverchase Galleria shopping-hotel-office complex provides a large amount of tax money to the city as well as being home to many retail, hotel, and office workers. The Riverchase Office Park as well as other office parks and buildings throughout Hoover houses many large corporations. The Central Business District includes the US 31, SR 150, and US 280 locations. I-65 and I-459 intersect in the city. Major shopping centers in the city include Riverchase Galleria on US 31, Patton Creek on SR 150, and Village at Lee Branch on US 280.

 

Dothan /'do???n/ is a city located in the southeastern corner of the State of Alabama, situated approximately 20 miles (32 km) west of the Georgia state line and 18 miles (29 km) north of Florida. It is the seat of Houston County, with portions extending into nearby Dale County and Henry County. Its name derives from Genesis 37:17: ""let us go to Dothan."" According to the 2010 census the city's population was 65,496,[2] making it the largest town in this part of the state.Dothan is the principal city of the Dothan, Alabama metropolitan area, which encompasses all of Geneva, Henry, and Houston counties; the small portion that lies in Dale County is part of the Ozark Micropolitan Statistical Area. The combined population for the entire Dothan metropolitan area in 2010 was 145,639. The city serves as the main transportation and commercial hub for a significant part of southeastern Alabama, southwest Georgia, and nearby portions of the Florida Panhandle. Since approximately one-fourth of the U.S. peanut crop is produced nearby, with much of it being processed in the city, Dothan is called ""The Peanut Capital of the World.""Dothan has a diverse economy. Agriculture is the largest industry, though retail sales and restaurants have experienced a rapid growth in recent years. Although peanut production remains a mainstay of the agricultural sector, cotton is gaining in importance. Tomato production is locally significant as well, especially in the nearby town of Slocomb, which styles itself ""the Tomato Capital of the World"".[60]

 

Decatur is a city in Morgan and Limestone counties in the State of Alabama. The city, affectionately known as ""The River City"", is located in Northern Alabama on the banks of Wheeler Lake, along the Tennessee River. It is the largest city and county seat of Morgan County. The population in 2010 census was 55,683.[2]Decatur is also the core city of the two-county large Decatur, Alabama Metropolitan Area which had an estimated population of 153,374 in 2013. Combined with the Huntsville Metropolitan Area, the two create the Huntsville-Decatur Combined Statistical Area, of which Decatur is the second largest city.Like many southern cities in the early 19th century, Decatur's early success was based upon its location along a river. Railroad routes and boating traffic pushed the city to the front of North Alabama's economic atmosphere. The city rapidly grew into a large economic center within the Tennessee Valley and was a hub for travelers and cargo between Nashville and Mobile, as well as Chattanooga and New Orleans. Throughout the 20th century, the city experienced steady growth, but was eclipsed as the regional economic center by the fast-growing Huntsville during the space race. The city now finds its economy heavily based on manufacturing, cargo transit, and hi-tech industries .Decatur has grown to be the busiest river port on the Tennessee River. The Port of Decatur sees large amounts of barge traffic from up and down the Tennessee River, which has led to twenty Fortune 500 companies opening plants in the city.

 

Auburn is a city in Lee County, Alabama, United States. It is the largest city in eastern Alabama with a 2013 population of 58,582.[1] It is a principal city of the Auburn-Opelika Metropolitan Area. The Auburn-Opelika, AL MSA with a population of 150,933, along with the Columbus, GA-AL MSA and Tuskegee, Alabama, comprises the greater Columbus-Auburn-Opelika, GA-AL CSA, a region home to 501,649 residents.Auburn is a college town and is the home of Auburn University. Auburn has been marked in recent years by rapid growth, and is currently the fastest growing metropolitan area in Alabama and the nineteenth-fastest growing metro area in the United States since 1990.[citation needed] U.S. News ranked Auburn among its top ten list of best places to live in United States for the year 2009.[2] The city's unofficial nickname is �The Loveliest Village On The Plains,� taken from a line in the poem The Deserted Village by Oliver Goldsmith: �Sweet Auburn! loveliest village of the plain...�Auburn's economy is centered on Auburn University and providing university-affiliated services. Auburn University employs 4,300 people, which is roughly one-quarter of the city's total workforce. In addition, 2,400 Auburnites are employed by the federal and state government in positions which are generally connected with the university. Some 8,500 are employed in service sector jobs.

 

Madison is a city located primarily in Madison County in the northern part of the State of Alabama. Madison extends west into neighboring Limestone county. The city is included in the Huntsville Metropolitan Area and is also included in the merged Huntsville-Decatur Combined Statistical Area. As of the 2010 census, the population of the city was 42,938.[2] Madison's mayor is Troy Trulock.Madison's largest employer is graph, a computer software company based in Madison. They are currently working on a streetlight maintenance program. Thousands of Madison residents commute to Cummings Research Park and Redstone Arsenal in nearby Huntsville. Within the city limits, most of Madison's businesses are retail, with stores and fast-food restaurants lining US 72 to the north and Madison Boulevard to the south.

 

Florence is the county seat of Lauderdale County, Alabama, United States, in the northwestern corner of the state.According to the 2010 census, the city's population was 39,319.Florence is the largest and principal city of the Metropolitan Statistical Area known as ""The Shoals"" (which includes Muscle Shoals, Sheffield, and Tuscumbia metropolitan areas in Colbert and Lauderdale counties). Florence is considered the primary economic hub of northwestern Alabama.Florence is renowned for its annual tourism events, including W.C. Handy Music Festival in the summer, and the Renaissance Faire in the fall. Landmarks in Florence include the Rosenbaum House, the only Frank Lloyd Wright-designed home located in Alabama.The type of municipal government is mayor-council.

 

Gadsden is a city in and the county seat of Etowah County in the State of Alabama, and it is located on the Coosa River about 56 miles (90 km) northeast of Birmingham, Alabama and 90 miles (145 km) southwest of Chattanooga, Tennessee. It is the primary city of the Gadsden Metropolitan Statistical Area, which has a population of 103,931. As of the U.S. Census Bureau estimate in 2013, the population of the city was about 36,542.[1] Gadsden and Rome, Georgia are the largest cities in the triangular area defined by the Interstate highways between Atlanta, Birmingham, and Chattanooga.Gadsden was at one time in the 19th century Alabama's second most important center of commerce and industry, trailing only the seaport of Mobile. The two cities were important shipping centers: Gadsden for riverboats and Mobile for international trade. Through the 1980s, Gadsden was a center on heavy industry, including the Tire and Rubber Company and the Steel Corporation.More than a decade after the sharp decline in industry, in 1991 Gadsden was awarded the honor of All-America City by the League, an award that honored the way Gadsden's citizens, government, businesses, and voluntary organizations work together to address critical local issues.

 

Vestavia Hills is a city in Jefferson and Shelby Counties in the State of Alabama. It is a suburb of the city of Birmingham. As of the 2010 census, its population is 34,033.

 

Prattville is a city in Autauga and Elmore counties in the State of Alabama. As of the 2010 census, the population of the city is 33,960. Nicknamed ""The Fountain City"" due to the many artesian wells in the area, Prattville is part of the Montgomery metropolitan statistical area and serves as the county seat of Autauga County. The city is northwest of Montgomery.

 

Phenix City is a city in Lee and Russell counties in the State of Alabama, and the county seat of Russell County.[2] As of the 2010 census, the population of the city was 32,822.Phenix City is sometimes called a Hub City,[clarification needed] as it lies immediately west of Columbus, Georgia, which is a much larger city. It is included in the Columbus, Georgia-Alabama Metropolitan Statistical Area Columbus, Georgia metropolitan area, but a section is located in Lee County, and is, therefore, in the Auburn, Alabama metropolitan area in Alabama.In 2007, Week named Phenix City the nation's #1 Best Afable Suburb to raise a family.Currently, the mayor is Eddie N. Lowe, the city's first black mayor elected by the public. The city manager, who holds the task of organizational matters, is Wallace Hunter.

 

Alabaster is a city and southern suburb of Birmingham in Shelby County, Alabama, United States. At the 2010 census the population was 30,352. According to the 2013 Census Estimates, the city had a population of 31,342. Alabaster is still a growing population.[1]

 

 

"

Alabama Cities

Alabama

 

You could have heard of trucking factoring but your company may well mistake exactly what it is or even more significantly what it can possibly do for your company. Freight Brokerage Factoring also known as receivables funding is a kind of asset based lending that can increase a company's immediate cash flow needs. This is not a loan; no debt is assumed by freight bill factoring ,and the funds are unrestricted. Accounts Receivables Factoring Companies in Construction Invoice Factoring Factoring Companies in Alabama at Staffingresource.org- providing company funding services factoring-companies-in-alabama

Staffingresource.org-Factoring Companies in Alabama

Birmingham

Alabama

Accounts Receivables Factoring Companies

The trucking enterprise gives their invoices to the factoring company. The trucking factoring agency then receive the payment amounts from the trucking company's clients. Factoring has been in existence for hundreds of years and has been adopted for decades by many various fields-- but none more so than truckers. While you could lose out on a small part of the money, something like 1-3 % depending on who you deal with, it means that you are getting the money today and can actually start off setting the resources to do work.

 

 

Designbyinc.Com

Factoring Services Companies

So the next moment your trucking enterprise is having some temporary cash flow dilemmas and you are devoting a bit too much time chasing slow paying clienteles, why not start off thinking of using a factoring businesses as a means to get your cash and give yourself a more comfortable future in the eyes of your trucking workers and your bank dividend?

 



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The state has invested in aerospace, education, health care, banking, and various heavy industries, including automobile manufacturing, mineral extraction, steel production and fabrication. By 2006, crop and animal production in Alabama was valued at $1.5 billion. In contrast to the primarily agricultural economy of the previous century, this was only about 1% of the state's gross domestic product. The number of private farms has declined at a steady rate since the 1960s, as land has been sold to developers, timber companies, and large farming conglomerates.[126] Occupations outside of agriculture were widespread by 2008. Employment in that year was 121,800 in management occupations; 71,750 in business and financial operations; 36,790 in computer-related and mathematical occupation; 44,200 in architecture and engineering; 12,410 in life, physical, and social sciences; 32,260 in community and social services; 12,770 in legal occupations; 116,250 in education, training, and library services; 27,840 in art, design and media occupations; 121,110 in healthcare; 44,750 in fire fighting, law enforcement, and security; 154,040 in food preparation and serving; 76,650 in building and grounds cleaning and maintenance; 53,230 in personal care and services; 244,510 in sales; 338,760 in office and administration support; 20,510 in farming, fishing, and forestry; 120,155 in construction and mining, gas, and oil extraction; 106,280 in installation, maintenance, and repair; 224,110 in production; and 167,160 in transportation and material moving.[

 

Receivable Factoring Companies

The trucking enterprise gives their invoices to the factoring company. The trucking factoring agency then receive the payment amounts from the trucking company's clients. Factoring has been in existence for hundreds of years and has been adopted for decades by many various fields-- but none more so than truckers. While you could lose out on a small part of the money, something like 1-3 % depending on who you deal with, it means that you are getting the money today and can actually start off setting the resources to do work.

 

 



Hamradiocast.Com

 

 

 

Invoice Factoring For Small Business

 

Invoice Factoring For Small Business

 

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

Cash flow does not have to be an issue any ever more. Do not be fooled -- banks are not the only places you can get funding. Other options are offered and you do not have to borrow. What is trucking factoring ? One option is called truck factoring. Trucking Factoring is the procedure of selling invoices to an investor instead of waiting to gather the cash from the client. Oh, the Irony- Truck factoring has a paradoxical distinction: It is the monetary foundation of many of America's most successful companies. Why is this paradoxical ? Because invoice factoring is not taught in business colleges, is rarely mentioned in company plans and is fairly unknown to the majority 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 prosper. Invoice Factoring has been around for countless years. Receivable Funding Companies are investors who pay cash for the right to receive the future payments on your invoices. An overdue receivable or invoice has value. It is a debt your client has actually agreed pay in the near future. Factoring Principals--Although factoring deals solely with business-to-business deals, a large percentage of the retail business utilizes a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail deals. Utilizing the purest meaning of the word, these large customer finance companies are really just big Accounts Receivable Factoring Businesses of consumer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The store makes money practically immediately, although you do not pay until you are ready.

For this service, the credit card business charges Sears a charge (typical common normal charges range from 2 to four percent of the sale). The Advantages Accounts Receivable Factoring can provide many advantages to cash-hungry business. Instead of waiting 30, 60, 90 days or longer for payment on an item that has already been provided, a business can factor (sell) its receivables for money at a little price cut off the dollar value of the invoice. Payroll, marketing efforts, and working capital are just a few of the company needs that can be satisfied with instant  cash.

Receivable Loan Funding offers the means for a producer to replenish inventory and make more items to sell: There is no longer a need to wait for earlier sales to be paid. Receivable Loan Financing is not simply a cash management tool for producers: Almost any type business can take advantage of Receivable Funding. Generally, a business that extends credit will have 10 to 20 percent of its yearly sales tied up 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 today s payroll with a customer s invoice, however you can offer that invoice for the money to satisfy those obligations. Using truck factoring companies is a fast and easy procedure. The factoring company purchases the invoice at a price cut, typically a couple of portion points less than the stated value of the invoice.

http://Accountreceivableservices.Net/

 

Factoring Companies in Alabama

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The United states Trucking Association
states that there are about
200,000 workers with freight trucking
companies and
300,000 private companies trucking
companies certified to
run in the United States that carried,
according to their latest searchings for billions of
products, materials and
standard products .
There are numerous typical
providers either going solo or in
teams on our nation
roads transporting these
crucial products to our
stores, manufacturing facilities and harbors.

Also  truck factoring
corporations support
many of them and offer their
factoring facilities
countrywide counting
including the following states.


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

Factoring Companies in Alabama

 

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The largest trucking companies in the U.S. set a revenue record in 2013, but revenuegrowth slowed for the second year in a row.

The combined revenue of the 50 largest motor carriers rose to $106.6 billion last year, according to The Top 50 Trucking Companies list, based on data prepared by Consulting Group in Pittsburgh.

 

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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Factoring Companies Reviews at Medicalreceivablefactoring.Org

 

 

 

How To Get More Profit From Your Receivables

 

"

�So, this is not a loan?� asked Jamie Bradley, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she stated.Jamie was the owner of a small trucking company which had fallen on some hard times recently. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Jeffery. His company was called Jordan Trucking, named after both of his grandfathers, Ricardo and Salvador. Both of these men had been very hardworking and had set a great example for Jeffery.Disaster had struck half a year ago, when two trucks in Jeffery�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 Jeffery's company relied on his full fleet on fifteen being on the road, and missing two trucks was just devastating . In addition, he just did not have the available cash to buy a new truck, plus repair the other one.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. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Jamie was an excellent business man, and he certainly hadn't done anything wrong. Certain events had occurred that he could not possibly have predicted, and now he had to find a way to protect his business and prevent it from ultimate devastation.That�s where the woman across the desk came in. Jamie knew she was employed by a Factoring company and that her name was Suzanne. Jamie had come across her company as he sat in his office late one night, pouring over the internet for some solution to his problem long after his employees had gone home.Suzanne explained. �it is really not a loan at all: we actually buy 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.Jamie agreed. It sounded perfect - perhaps too good?.Suzanne laughed. �You look like you don�t believe me,� she said.�Oh no, I do: it just sounds too good to be true. I thought I was going to lose my company.�Suzanne smiled, agreeing. �Yes, we get a lot of that. Listen, I�d hate to see you lose your company. You work hard, you�ve put everything you can into it. We all need help sometimes. That�s what we�re here for.""Well, I'm very grateful that you came to see me today.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� said Suzanne with a smile. �Let�s see what we can do to help you.�And right there and then they created a business profile. Jamie completed the form, with Suzanne offering advice as needed.

 

The completed profile gave Suzanne and her company all the information they needed on Jeffery's business, and with this information they would determine if this business would in fact be suitable for Factoring. In truth, not all companies were. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. As Jamie completed his form, Suzanne listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Suzanne took it and slid it into her briefcase. Standing up, she reached over the desk and shook Jeffery's hand. He stood before they shook as well, and then smiled. They said their goodbyes and Jamie walked her to the door, and then returned to his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He shut his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. But now, after speaking to Suzanne and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The terrifying panic attacks that occurred regardless of 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.Jamie couldn�t help but think back to when he had first started the business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been really successful. Offering home cooking in his own hometown, his business had really prospered.But he had gotten bored. 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 half a year off, and in that time he thought to start Jordan Trucking. So he did it. Once again he built a company from the ground up. The business had been an instant success.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was 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 didn�t know how to say quit.And now it seemed as though he would not have to - all because of Factoring. Jamie opened his eyes, sat forward, turned his computer on. He had things to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.

 

"

 

 

 

 

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Factoring Companies Reviews at Medicalreceivablefactoring.Org

 

 

 

Factoring For Trucking

 

"

Kelly Truck & Haul have been operating their business since the mid 1980s. For more than twenty years they've been delivering goods for most major industries in the nation, with business booming as they traversed the country, in all kinds of weather, for all kinds of clients. During the heady times from 2002 to 2007, Kelly 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. Times were great for everyone, and the cash was flowing.It was just one year later, in 2008, when the economy in the United States took a sharp decline, and both large and small businesses started to notice the squeeze on their pocketbooks: everyone had suddenly gone silent. Business slowed to a crawl

 

. And worse yet, Kelly had noticed during the early part of 2008 that though the bulk of their clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. And as spring turmed to summer and summer into the early days of fall, Steve Wells, CEO of Kelly 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 already been to the administrators to ask what the actual problem was. Were they doing things different, or wrong, when it came to collecting overdue accounts? By his bookkeepers records, this wasn't the case. He thought perhaps that he was losing clients to a competitor who offered rock-bottom prices with little to no guarantee of quality performance, and that the folks who owed Kelly 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. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Kelly hadn't gone elsewhere. They had just gone home.To Steve Wells the situation looked desperate. There were goods to ship, employees to pay, trucks to repair and maintain, and continuous overheads that were very extensive when compared to the funds (or lack of) that were incoming. After work he would confide in his wife, Denise, and neither were unable to stop the constant worry over the lack of funds.""I have a bad feeling, Lin,"" he'd sadly say to his wife.""What could you do differently?"" she would ask.Steve 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 then a haze would cover his trucks and his vast fleet would vanish to leave just a few. What on earth was happening to create the death of his business?""I know what it is,"" said Steve. ""For way too long I've been relying solely on profits received from invoices. I've let too many of our customers go too long without paying on their bills."" All Denise 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'.""Steve knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds.The next day Steve strolled into his office and was determined to sit down and make every phone call to every client who had owed Kelly 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. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. A waste of time - a waste of money - he had the best intentions, but all the while Steve was realising just how much trouble he was in.After a half day of contacting debtors in vain - they dodged his calls or promised to call back at worst or made minimal interest-only payments at best - he was about to throw in the towel when his secretary Elizabetherley knocked at his door.

 

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

 

""Sure thing Elizabeth, come on in."" Steve relaxed back into his chair and looked up at Elizabetherley.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Steve."" She pulled a small stack of papers from a folder and set them on the desk before him.""Have you ever heard of factoring?"" she asked.""It sounds vaguely familiar. What is it?"" he said.""Well,"" she began, ""It�s actually quite simple really.

 

Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Steve interrupted ""Immediately?"".""Immediately, yes"" she added, ""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. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. Additionally, the factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It provides a very broad view.""Steve 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. The funding commences once we�ve arrived at an agreement.�Steve was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""I do not know, Elizabeth - it just sounds too good to be true"", Steve said quietly.""Now, now, I know, I thought the same thing. But really, they have guaranteed us experts that do all the legwork, which would free us up here to focus on our clients in good standing and marketing, all that good stuff. They appear to be very flexible, Steve,"" she underlined a paragraph on the paper before him.""How flexible?"" he asked.""They personalize the factoring rates so that the amount they are willing to take on is commensurate with our needs and our client�s debt. Apparently they can figure this all out in two to four days.

 

""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. it is imperative that we keep the business rolling as usual, and every day we go unpaid we are getting closer and closer to dealing with some serious issues in both the short term and the long term,"" Steve said.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Steve thought about this and agreed with Elizabetherley. The clients who owed them money were long standing friends and professional resources of Kelly. They did not want to throw away these relationships because they were having trouble paying their bills now. Steve knew that the economy had taken a hit and he knew that it would probably be a long time before things started to look up again. That unknown amount of time could create a disaster situation for both of them if he wasn't careful in how these debtors were handled. Of course he did not want to lose any more money, but he did not want to lose business either.""Let me go over this tonight Elizabeth, and thankyou."" Elizabeth nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.Steve sat behind his desk and looked over the details Elizabeth had not mentioned in their meeting. What other issues could freight factoring help Kelly with? Running his pencil down the sheet, he noted that the freight factoring company could assist with fuel costs, fuel advances, and fuel discount cards. In fact, Kelly 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 Isaac the good news,"" Steve muttered to himself.His son-in-law Isaac had liked the idea of Kelly 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. Steve knew then what struggles Isaac would face but he encouraged him nonetheless. With the economy the way it was, if an established company such as Kelly was struggling then the little guys, like Isaac, were going to be in even more trouble. Perhaps the antidote to these problems was in freight factoring, and they were about to find out.Some months later, having successfully gone through the entire process of the application, having experts study his credit history and statements and review his accounts receivable, Steve found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.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. Steve recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. If Steve hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

 

 

 

 

 

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Best Trucking Factoring Company

 

Precisely why Truck Corporations Make use of Factoring Firms.

 

As the manager of your own business, you may perhaps be more than perceptive already of the difficulty in making sure that cash flow concerns do not become a problem down the line. Anyway, the toughest thing that can in all probability come about for your firm is to find yourself involved in a long and troublesome circumstance that leaves you forever looking for the cash you really need on an ongoing manner.

 

For any kind of firm in this instance, the concern can come for waiting for work to lapse and actually be provided into your account. Statements, checks, and the like can take a long time to actually to be taken care of which could leave you with short-term cash flow issues. Thank goodness, there are opportunities out there for companies to delve into-- and among these is factoring providers.

 

Factoring agencies will, in substitution for your statements, supply you with the funds right away to ensure that you do not need to stress over the lingering period which could make paying the bills and obtaining toolsmore difficult. With this type of system, invoice factoring can end up being extremely beneficial for various enterprises who need to get out of a money lure which they have discovered themselves in.

 

Since, basing on the scale of the task, it can take up to 60 days for many business enterprises to get paid then it is very important to cover your own back and definitely not leave yourself resources short to settle the expenses. After all, how many firms possess two months revenue just occupying there to cover all their overheads till they get paid?

 

This is particularly correct of truck establishments. They often tend to take care of numbers of invoices which means a notable quantity of collection period entails company owner themselves. Seeking to get paid in time can become an incredible trouble and this is precisely why you utilize truck factoring providers who are glad to help out truckers mainly.

 

As we all know, trucking is an exceptionally enormous field with plenty of companies out there handling hundreds of drivers. However, several of these drivers wind up in income troubles since they are still waiting for work from six weeks in the past to actually pay them. When this is the case for a truck organization, depending on factoring agencies for help may be the finest choice left.

 

This indicates that a trucking company can pay the salaries of the crew, keep all the cars loaded with gas and continue to surmount, develop and expand without constantly waiting for the finances which is taking too lengthy to come in. Trucking Enterprises running without a factoring program implemented are leaving themselves at critical danger, as competitions cash out quickly and carry on to expand.

 

There's genuinely not much to be distressed about when it comes to making use of a Factoring firm-- they are not like a banking company or a person who is going to leave you with a massive stack of financial debt to repay. You give them genuine invoices from work you have already finished , you are just quickening the repayment process.

 

In the Usa, where trucking enterprises develop, factoring enterprises are not considered accepting loan of in any capacity. This confidential deal then makes it possible for both parties to make money and enjoy a comfortable future-- it gives the factoring firm a guaranteed asset of cash flow to put into the list and it provides the trucking company the required funds that they worked hard to generate.

 

The trucking enterprise gives their statements to the factoring business. The trucking factoring provider then collect the installment payments from the trucking company's customers. Factoring has beenaround for hundreds of years and has been employed for many years by a lot of diverse sectors-- but none much more so than truckers. While you may lose out on a small part of the money, something like 1-3 % depending upon who you deal with, it means that you are acquiring the money today and can actually start off putting the funds to do work.

 

After all, an IOU or an invoice is not actually going to fund expenses, is it? For trucking agencies when the hard earned cash can be fantastic one day and gone the next, it is up to the drivers to work sensibly and to make certain they are leaving themselves with a notable measure of time and finance to get through the week till they are paid again.

 

So the next occasion your trucking establishment is bearing some short-term cash flow troubles and you are putting in an excessive amount of time chasing inactive paying clients, why not start off considering utilizing a factoring businesses as a way to get your cash and give yourself a more worry-free future in the eyes of your trucking staff and your bank dividend?

 

 

 

 

 

 

 

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Trucking Factoring

 

"

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

 

Brent�s father had started as an owner-operator and had grown Sims 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 Brent'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 Brent�s hands and he wanted to live to see it in better shape for his sons.

 

There just never seemed to be enough money to go around, and certainly no spare cash, but to move his company successfully into the future he needed a steady and reliable cash flow. He had employees to pay. They had families and household bills too. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requests for loads of agricultural and energy equipment. He knew that turning down these requests made Sims 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. Brent chuckled, thinking about his father. His father had been against placing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� Also his father had the habit of teasing all the drivers he caught switching into automatic even though driving in automatic was much more efficient though not manly in his father�s eyes. 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.

 

Brent believed a successful man is always thinking of his next step. What would be the next step for Sims Trucking? 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. 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 a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. 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 the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. During those thirty days the trucking company cannot pay its employees and bills with invoices.

 

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

 

However, it all turned out to be very simple. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He didn�t mind signing an exclusive contract. He liked the idea of a long term commitment so he knew he wouldn�t have to bother going back and forth to different companies and wasting time filing more forms. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. Many companies offered a non-recourse factoring program that suited him just fine. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It sounded like a great scheme to him.

 

It was really refreshing dealing with the factoring people. They were more personable than those loan managers at the bank. It seemed as though those bank people spoke another language, but these factoring guys knew the trucking business and spoke to him like a client, not like a beggar 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 Brent because he and his father had created a very strong and loyal list of clientele over the years. So he knew they would understand when the factoring company contacted them for the invoices. His clients wouldn�t think poorly of Sims 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.

 

Brent stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. 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 Sims 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.

 

"

 

 

 

 

 

 

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Trucking Factoring Companies Reviews

 

Date Published- 2014- 12-12 Factoring Transportation Brokers

 

"

Traditional Bank Loans

 

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

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies do not 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?

 

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

 

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

 

2. There's no collateral required. Another great benefit of using the services of a Trucking Factoring company instead of a bank loan is that there is no collateral required for the Trucking Factoring company, because the Trucking Factoring company is buying your accounts receivables. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. This means that it is easier for new businesses to access the finance they need through a Trucking Factoring company, providing their accounts receivable are in good order. A bank may believe you haven't been in business long enough to be able to cover this risk.

 

3. Receive Your Money Faster. Using a Trucking Factoring company means that you'll get the finance quicker. Once the Trucking Factoring company assures itself that the customers in your accounts receivable are likely to pay their debt, the money is usually in the account within 24 hours. Borrowing from a bank begins with vast amounts of paperwork, the loan must be underwritten, and this can take ages before you're notified if the loan has been approved.

 

4.You receive interest up-front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So 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 main benefit is that once you've sold your accounts receivable to the Trucking Factoring company, you are free from having to collect money owed by your customers. 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.

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.While a Trucking Factoring company is not the only way for your business to obtain the money it needs to keep growing, it does offer a type of financing well worth considering.

 

"
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Traditional Bank Loans

 

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

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies do not 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?

 

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

 

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

 

2. There's no collateral required. Another great benefit of using the services of a Trucking Factoring company instead of a bank loan is that there is no collateral required for the Trucking Factoring company, because the Trucking Factoring company is buying your accounts receivables. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. This means that it is easier for new businesses to access the finance they need through a Trucking Factoring company, providing their accounts receivable are in good order. A bank may believe you haven't been in business long enough to be able to cover this risk.

 

3. Receive Your Money Faster. Using a Trucking Factoring company means that you'll get the finance quicker. Once the Trucking Factoring company assures itself that the customers in your accounts receivable are likely to pay their debt, the money is usually in the account within 24 hours. Borrowing from a bank begins with vast amounts of paperwork, the loan must be underwritten, and this can take ages before you're notified if the loan has been approved.

 

4.You receive interest up-front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So 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 main benefit is that once you've sold your accounts receivable to the Trucking Factoring company, you are free from having to collect money owed by your customers. 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.

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.While a Trucking Factoring company is not the only way for your business to obtain the money it needs to keep growing, it does offer a type of financing well worth considering.

 

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