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Cash For Companies. Tell Us What You Want - Our Truck Factoring Companies Can Give
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freight invoice factoring

Factoring invoices is beneficial for several reasons. It enables a truck company to raise money without obtaining new debt. While debt is often essential, the majority of freight brokerage would choose to raise cash without obtaining cash. Debt is high-risk, and when it can not be paid back, possessions can be repossessed. If the debt is huge enough, it may even require a truck businesses out of business.

 

 

 

 

 

 

 

Only Companies with imagination can take it - Pick A Freight�Invoice Factoring Company  Instead Of A Typical Bank Funding

Exactly how to Increase Money Flow Without Loaning -Cash Money flow is one of the main reasons businesses fail.

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

Money flow does not have to be a problem any ever more. Do not be fooled -- banks are not the only locations you can get financing. Other options are available and you do not have to borrow. What is trucking factoring ? One solution is called truck factoring. Trucking Factoring is the procedure of selling invoices to a financier rather than waiting to collect the money from the client. Oh, the Irony- Trucking factoring has an ironic difference: It is the monetary backbone of numerous of America's most successful businesses. Why is this ironic ? Since trucking factoring is not taught in business colleges, is rarely discussed in company plans and is relatively unknown to the majority of most of American company people.

Yet it is a monetary procedure that releases up billions of dollars every year, allowing thousands of businesses to grow and prosper. Factoring has actually been around for thousands of years. Staffing Factoring Businesses 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 financial obligation your client has agreed pay in the near future. Factoring Principals--Although factoring deals solely with business-to-business deals, a large portion of the retail business utilizes a factoring principal. MasterCard, Visa, and American Express all utilize a form of factoring in their retail transactions. Utilizing the purest meaning of the word, these large customer finance companies are truly just large FACTORING Companies of consumer paper. Consider it: You purchase at Sears and charge it to your MasterCard. The shop gets paid practically instantly, although you do not make payment up until you are prepared.

For this service, the charge card business charges XYZ Store a charge (typical common normal fees vary from 2 to four percent of the sale). The Advantages Factoring can offer many benefits to cash-hungry companies. Rather than wait 30, 60, 90 days or longer for payment on a product that has already been delivered, a company can factor (sell) its receivables for money at a small discount off the dollar value of the invoice. Payroll, advertising efforts, and working capital are just a few of the business needs that can be satisfied with instant  cash.

Invoice Factoring provides the ways for a manufacturer to renew inventory and make even more products to offer: There is no longer a need to await for earlier sales to be paid. Receivable Loan Financing is not just a money management tool for producers: Practically any type business can benefit from Receivable Loan Financing. 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 moment about how much is tied up in 60 days' worth of invoices: You can not pay the power expense or today s payroll with a customer s invoice, however you can offer that invoice for the cash to satisfy those responsibilities. Using trucking factoring companies is a fast and easy process. The factoring company purchases the invoice at a discount, usually a couple of percentage points less than the stated value of the invoice.

 

 

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"

Oklahoma City is the capital and largest city of the state of Oklahoma. The county seat of Oklahoma County, the city ranks 27th among United States cities in population. The population grew following the 2010 Census, with the population estimated to have increased to 610,613 as of July 2013. As of 2013, the Oklahoma City metropolitan area had a population of 1,319,677, and the Oklahoma City-Shawnee Combined Statistical Area had a population of 1,390,835 residents, making it Oklahoma's largest metropolitan area. Oklahoma City's city limits extend into Canadian, Cleveland, and Pottawatomie counties, though much of those areas outside of the core Oklahoma County area are suburban or rural (watershed). The city ranks as the eighth-largest city in the United States by land area (including consolidated city-counties; it is the second-largest city in the United States by land area whose government is not consolidated with that of a county).Oklahoma City features one of the largest livestock markets in the world. Oil, natural gas, petroleum products and related industries are the largest sector of the local economy. The city is situated in the middle of an active oil field and oil derricks dot the capitol grounds. The federal government employs large numbers of workers at Tinker Air Force Base and the United States Department of Transportation's Mike Monroney Aeronautical Center (these two sites house several offices of the Federal Aviation Administration and the Transportation Department's Enterprise Service Center, respectively).Oklahoma City is on the I-35 Corridor as one of the primary travel corridors into neighboring Texas and Mexico. Located in the Frontier Country region of the state, the city's northeast section lies in an ecological region known as the Cross Timbers. The city was founded during the Land Run of 1889, and grew to a population of over 10,000 within hours of its founding. The city was the scene of the April 19, 1995 bombing of the Alfred P. Murrah Federal Building, in which 168 people died. It was the deadliest terror attack in the history of the United States until the attacks of September 11, 2001, and remains the deadliest act of domestic terrorism in U.S. history.Since the time weather records have been kept, Oklahoma City has been struck by nine strong tornadoes, eight F/EF4s and one F5.services, health services and administration. The city is headquarters to two Fortune 500 companies,as well as being home to Travel Stops Stores, which is ranked thirteenth on ' list of private companies.

 

Tulsa /'t?ls?/ is the second-largest city in the State of Oklahoma and 47th-largest city in the United States. As of July 2013 the population was 398,121, an increase of 6,215 over that reported in the 2010 Census. It is the principal municipality of the Tulsa Metropolitan Area, a region with 961,561 residents in the MSA and 1,131,458 in the CSA. The city serves as the county seat of Tulsa County, the most densely populated county in Oklahoma, and extends into Osage, Rogers, and Wagoner counties.Tulsa was first settled between 1828 and 1836 by the Lochapoka Band of Creek Native tribe. For most of the 20th century, the city held the nickname ""Oil Capital of the World"" and played a major role as one of the most important hubs for the oil industry.Once heavily dependent on the oil industry, economic downturn and subsequent diversification efforts created an economic base in the energy, finance, aviation, telecommunications and technology sectors. The Tulsa Port of Catoosa, at the head of the McClellan-Kerr Arkansas River Navigation System, is the most inland river port in the U.S. with access to international waterways. Two institutions of higher education within the city have sports teams at the Division I level, Oral Roberts University and the University of Tulsa.It is situated on the Arkansas River at the foothills of the Ozark Mountains in northeast Oklahoma, a region of the state known as ""Green Country"". Considered the cultural and arts center of Oklahoma, Tulsa houses two world-renowned art museums, full-time professional opera and ballet companies, and one of the nation's largest concentrations of art deco architecture. The city has been called one of America's most livable large cities by Partners for Livable Communities, , and Relocate America. FDi Magazine in 2009 ranked the city no. 8 in the U.S. for cities of the future. In 2012, Tulsa was ranked among the top 50 best cities in the United States by . People from Tulsa are called ""Tulsans.""The United States Oil and Gas Association, formerly the Mid-Continent Oil and Gas Association, was founded in Tulsa on October 13, 1917, six months after the entry of the United States into World War I. At the time Tulsa called itself ""The Oil Capital of the World"". At its creation, the association worked to provide petroleum to the Allied forces. In the decades since its establishment, the association is recognized as a leading advocate for producers of domestic oil and gas.

 

Norman /'n?rm?n/ is a city in the State of Oklahoma 20 miles (30 km) south of downtown Oklahoma City in its metropolitan area. The population was 110,925 at the 2010 census. Norman's 118,197 residents make it the third-largest city in Oklahoma by population, and the city serves as the county seat of Cleveland County.Norman was settled during the Land Run of 1889, which opened the former Indian Territory and Unassigned Lands to pioneer settlement. The city was named in honor of its first land surveyor, Abner Norman, and was formally incorporated on May 13, 1891. Economically the city has prominent higher education and related research industries including as the home to the University of Oklahoma, the largest university in the state with approximately 30,000 students enrolled. The university is well known for its sporting events, with over 80,000 people routinely attending football games. The university is also home to several museums including the Fred Jones Jr. Museum of Art, which contains the largest collection of French Impressionist art ever given to an university.The National Weather Center, located in Norman, houses a unique collection of university, state, and federal organizations that work together to improve the understanding of events related to the Earth's atmosphere. Norman lies within Tornado Alley, a geographic region where tornadic activity is predominant. The Oklahoma City metropolitan area, including Norman, is the most tornado-prone area in the United States. In addition to this, the Storm Prediction Center, a branch of the National Oceanic and Atmospheric Administration, is in Norman due to its location. The facility is used for forecasting severe storm and tornado outbreaks in addition to housing various experimental weather radars.Despite being in the wide belt at high risk of this weather phenomenon, in 2008 CNN's Money Magazine ranked Norman as the sixth best small city within the United States in which to live.The University of Oklahoma employs over 10,700 personnel across three campuses, making it a significant driver of Norman�s economy. The campus is a center for scientific and technological research, having contributed over $277 million to such programs in 2009.

 

Broken Arrow is a city located in the northeastern part of the State of Oklahoma, primarily in Tulsa County but also with a section of the city in western Wagoner County. It is the largest suburb of Tulsa. According to the 2010 census, Broken Arrow has a population of 98,850 residents and is the fourth largest city in the state. However, a July 1, 2013, estimate reports that the population of the city is 103,500, making it the 278th largest city in the United States. The city is part of the Tulsa Metropolitan Area, which has a population of 961,561 residents.The Missouri�Kansas�Texas Railroad sold lots for the town site in 1902 and company secretary William S. Fears named it Broken Arrow. The city was named for a Creek community settled by Creek Indians who had been forced to relocate from Alabama to Oklahoma along the Trail of Tears.Though Broken Arrow was originally an agricultural community, its current economy is diverse. The city has the third largest concentration of manufacturers in the state.

 

The city of Lawton (Pawnee: Raar�htaaru?) is the county seat of Comanche County, in the State of Oklahoma. Located in southwestern Oklahoma, about 87 mi (140 km) southwest of Oklahoma City, it is the principal city of the Lawton, Oklahoma Metropolitan Statistical Area. According to the 2010 census, Lawton's population was 96,867, making it the fifth-largest city in the state.Built on former reservation lands of Kiowa, Comanche, and Apache Indians, Lawton was founded on August 6, 1901, and was named after Major General Henry Ware Lawton, a Civil War Medal of Honor recipient who was killed in action in the Philippine� War. Lawton's landscape is typical of the Great Plains, with flat topography and gently rolling hills, while the area north of the city is marked by the Wichita Mountains.The city's proximity to Fort Sill Military Reservation gave Lawton economic and population stability in the region throughout the 20th century. Although Lawton's economy is still largely dependent on Fort Sill, it has also grown to encompass manufacturing, higher education, health care, and retail. The city's government is run by a council-manager government consisting of a city manager and a city council headed by a mayor. Interstate 44 and three major United States highways serve the city, while Lawton-Fort Sill Regional Airport connects Lawton by air. Recreation can be found at the city's many parks, lakes, museums, and festivals. Notable residents of the city include many musical and literary artists, as well as several professional athletes.

 

Edmond is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area in the central part of the state. As of the 2010 census, the population was 81,405, making it the sixth largest city in the state of Oklahoma.The city limits are located on the northern border of Oklahoma City. Two major highways connect Edmond to downtown Oklahoma City: U.S. Route 77 (the Broadway Extension), which runs through the center of Edmond, and Interstate 35, which runs along the eastern side. Public transportation is provided by Citylink Edmond bus service.In 2011, Edmond was #1 on CNBC's ""10 Perfect Suburbs"" list. Edmond was listed as one of the ""Top 100 Places to Live in 2007"" by Relocate America. Edmond was selected the most outstanding community in its class for five years in a row by the State Chamber of Commerce and State Industrial Development Department.The supermarket chain Homeland is based in Edmond. The University of Central Oklahoma, one of the fastest growing in the state, is a major employer. The city's economy is centered on technology, manufacturing, construction, wholesale, and retail trade.

 

Moore is a city in Cleveland County, Oklahoma, United States and is part of the Oklahoma City metropolitan area. The population was 55,081 at the 2010 census, making it the seventh largest city in the state of Oklahoma.Located between Oklahoma City and Norman, the city has been the site of several devastating tornadoes, with those occurring in 1999 and 2013 receiving national attention. The city was also damaged by other tornadoes in 1998, 2003, and 2010.

 

Midwest City is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area. As of the 2010 census, the population was 54,371, making it the eighth largest city in the state.The city was developed in response to talk of an air field being located nearby and named for the Tinker Air Force Base's original designation as the Midwest Air Depot. The city suffered damage during two tornadoes, the first in May 1999 and the second on May 8, 2003.The city has always had strong ties to Tinker Air Force Base, the largest single-site employer in Oklahoma.[20] Other large employers include the Midwest Regional Medical Center and aerospace industry businesses affiliated with the base.

 

Enid (e'nid) is a city in Garfield County, Oklahoma, United States. As of the 2010 census, the population was 49,379, making it the ninth largest city in Oklahoma. It is the county seat of Garfield County. Enid was founded during the opening of the Cherokee Outlet in the Land Run of 1893, and is named after Enid, a character in Alfred, Lord Tennyson's Idylls of the King. In 1991, the Oklahoma state legislature designated Enid the ""Purple Martin Capital of Oklahoma."" Enid holds the nickname of ""Queen Wheat City"" and ""Wheat Capital"" of Oklahoma and the United States for its immense grain storage capacity, and has the third largest grain storage capacity in the world.The economy of Enid is diverse, but its foundation is the oil and gas industry and agriculture.When Enid participated in the City Beautiful movement in the 1920s,[49] Frank Iddings wrote the city song, ""Enid, The City Beautiful"". ""You're right in the center where the best wheat grows and you've got your share of the oil that flows,"" his lyrics read.[50] These were the early staples of the Enid economy. Enid's economy saw oil booms and agricultural growth in the first half of the 20th century. The Great Depression, however, caused both of these staples to lose value, and many businesses in Enid closed. However, Enid recovered, prospering and growing in population until a second wave of bad economic times hit in the 1980s, when competition with the local mall and economic factors led Enid's downtown area to suffer.[51] Since 1994,[52] Enid's Main Street program has worked to refurbish historic buildings, boost the local economy, and initiate local events such as first Friday concerts and holiday celebrations on the town square.[53]

 

is a city in north-central Oklahoma at the intersection of US-177 and State Highway 51. It is the county seat of Payne County, Oklahoma, United States. As of 2012, the city population was estimated to be 46,560, making it the tenth largest city in Oklahoma. Stillwater is the principal city of the Stillwater Micropolitan Statistical Area which had a population of 78,399 according to the 2012 census estimate. Stillwater was part of first Land Run held April 22, 1889, when Oklahoma Territory's Unassigned Lands opened for settlement. The city charter was adopted on August 24 later that year. Stillwater is home to Oklahoma State University, a branch of Northern Oklahoma College, Meridian Technology Center, and the Oklahoma Department of Career and Technology Education.Stillwater has a diverse economy with a foundation in aerospace, agribusiness, biotechnology, optoelectronics, printing and publishing, and software and standard manufacturing. The city operates under a council-mayor government system. The city's largest employer is Oklahoma State University. It was one of the 100 top places to live in 2010, according to CNN Money Magazine.Stillwater is located in the area popularly known as ""Tornado Alley"". It has a humid subtropical climate and the highest recorded temperature was 115 �F (46 �C).The city is home to the National Wrestling Hall of Fame and Museum and the Oklahoma State Cowboys wrestling team.Stillwater is home to a diverse mix of business and industry, from manufacturing to advanced technology. Among its export industries are printing and publishing, floor covering, wire products, software, food and kindred products, and research. Stillwater has the following economic clusters: aerospace, agribusiness, biotechnology, optoelectronics, printing and publishing, software and standard manufacturing.[29]

 

Muskogee is a city in Muskogee County, Oklahoma, United States. It is the county seat of Muskogee County, and home to Bacone College. The population of the city was 39,223 as of the 2010 census, a 2.4 percent increase from 38,310 at the 2000 census,[2] making it the eleventh-largest city in Oklahoma.The 1951 film Jim Thorpe, All , starring Burt Lancaster, was filmed on the campus of Bacone Indian College at Muskogee.[3] Two feature films were recently shot in Muskogee: Salvation (2007) and Denizen (2010).

 

Bartlesvillian/Bartian Bartlesville is a city started in Osage County but now mostly in Washington county in the U.S. state of Oklahoma. The population was 35,750 at the 2010 census, with a 2013 estimate of 36,258 according to the US Census Bureau.[3] Bartlesville is 47 miles (76 km) north of Tulsa and 18 miles (29 km) from Oklahoma's northern border with Kansas. It is the county seat of Washington County. The Caney river runs through Bartlesville.Bartlesville is the primary city of the Bartlesville Micropolitan area, which consists of Washington County and has a population of 50,976 as of 2010. Bartlesville Micropolitan area is also part of the Tulsa Combined Statistical Area CSA with a population of 988,454 as of 2010.Bartlesville is notable as the longtime home of Petroleum Company. The company merged with noco as nocos and later split into the two independent companies 66 and hillips. Both companies remain in Bartlesville. Frank founded Petroleum in Bartlesville in 1905 when the area was still Indian Territory.It is one of two places in Oklahoma where a Lenape Native tribe lives, the other being Anadarko.[citation needed]Prior to its merger with Con, Petroleum Company had its headquarters in Bartlesville. After Con formed, the combined company established a global systems and services office in Bartlesville. Cono spun most of its operations not related to Exploration and Production to form a new company, 66, in 2012. The two companies combined employ or contract more than 3,800 people in the area. n also has an office here.

 

Owasso is a city in Rogers and Tulsa counties in the U.S. state of Oklahoma, and a northern suburb of Tulsa. The population was 28,915 at the 2010 census. Originally settled in 1881 in Indian Territory, the town incorporated in 1904 just prior to Oklahoma statehood and was chartered as a city in 1972.Scenes in The Outsiders film were shot in Owasso.Owasso became a bedroom community in the 1950s for Tulsa, which was only 12 miles (19 km) away. As Tulsa expanded, so did industry around Owasso, stimulating further growth. Industrial development proceeded through the 1980s and 1990s. Factories included Airlines, with nine thousand employees, Group, with seventeen hundred, and , with twelve hundred and Com with twenty-two hundred.

 

Shawnee is a city in Pottawatomie County, Oklahoma, United States. The population was 29,857 at the 2010 census, a 4.0 percent increase from 28,692 at the 2000 census.[3] The city is part of the Oklahoma City-Shawnee Combined Statistical Area; it is also the county seat of Pottawatomie County and the principal city of the Shawnee Micropolitan Statistical Area.Located on Interstate 40, Shawnee is about 45 minutes east of the attractions in downtown Oklahoma City. To the east and northeast, the McClellan-Kerr Arkansas River Navigation System offers barge access to the Gulf of Mexico.

 

Ardmore is a business, cultural and tourism city in and the county seat of Carter County, Oklahoma, United States.[3] As of the 2010 Census, the city had a population of 24,283, while a 2011 estimate has the Ardmore micropolitan statistical area totaling 57,482 residents. Ardmore is located 90 miles (140 km) equidistant from Oklahoma City and Dallas/Fort Worth, Texas at the junction of Interstate 35 and U.S. Highway 70, and is generally considered the hub of the ten-county region in South Central Oklahoma, also known by state tourism pamphlets as Arbuckle Country and Lake and Trail Country. Geologically, Ardmore is situated about 9 miles (14 km) south of the Arbuckle Mountains, and is located at the eastern margin of the Healdton Basin, one of the most oil-rich regions of the United States.Ardmore was named after the affluent Philadelphia suburb and historic Pennsylvania Main Line stop Ardmore, Pennsylvania, which was named after Ardmore, Ireland by the Pennsylvania Railroad in 1873. The name Ardmore is Gaelic signifying high grounds or hills.Ardmore is the principal center of trade for a ten-county region in south central Oklahoma, with a retail pull factor of 1.7 - 1.9. Ardmore's major employers are North America, with 1,900 employees and Mercy Memorial Health Center, with 900 employees. Several hundred employees work for regional distribution centers for among others. Until early 2009, Ardmore was also home to a large regional distribution center for the now-defunct retail electronics chain, City and was also home to a 1-800-flowers call center. In 2010 Ardmore lost another technology company, , which was purchased by and moved away to California. The 85,000 bbl/d (13,500 m3/d) Valero Refinery in northeast Ardmore employs some 250 area residents. Ardmore is also home to the Samuel Roberts Noble Foundation, among the nation's 50 largest private foundations, primarily engaged in agricultural bioresearch activities. Located just to the south of the city limits on the Oklahoma-Texas border is the World Casino, which is owned by the Chickasaw Nation. In 2001, opened a foundry located at the Ardmore Industrial Airpark.

 

Ponca City (Pawnee: Riihitawiru?, Ri�hitawiru, Riihit�wiru ) is a small city in Kay and is partly in Osage counties in the U.S. state of Oklahoma, which was named after the Ponca Tribe. Located in north central Oklahoma, it lies approximately 18 miles (29 km) south of the Kansas border, and approximately 15 miles (24 km) east of Interstate 35. Ponca City had a population of 25,387 at the time of the 2010 census, making it the largest city in Kay County. The city is near the Arkansas River, the Salt Fork of the Arkansas River, Kaw Lake, and Lake Ponca, which all provide numerous recreational opportunities.Ponca City lies on approximately 18.1 square miles (46.9 km2) of land, and also has approximately 1.2 sq mi (3.1 km2) of water, for a total area of 19.3 square miles (50.0 km2). The city is served by the Ponca City Regional Airport (PNC), and is accessible by US-60, US-177, OK-11, and I-35. 66 has 1,500 employees and 650 contractors in its facilities in Ponca City. The company has a credit card center, a refining complex, a technology research center and a transportation office. The Ponca City Refinery, operated by 66, is the largest refinery in the state of Oklahoma.[20]

 

Yukon is a city in Canadian County, Oklahoma, United States and is part of the Oklahoma City Metropolitan Area. The population was 22,709 at the 2010 census.[2] Founded in the 1890s, the town was named in reference to a gold rush in Yukon Territory, Canada, at the time. Historically, Yukon served as an urban center for area farmers and the site of a large milling operation. It is now considered primarily a bedroom community for people who work in Oklahoma City.

 

Duncan is a city and county seat of Stephens County, Oklahoma, United States.[3] The population was 23,431 at the 2010 census.Duncan once adopted the slogan, ""The Buckle on the Oil Belt"". Its main claim to fame is as the birthplace of the Corporation. Erle P. perfected a new of cementing wells, making oil production much easier and more profitable, and established the New Oil Well Cementing Company in 1919. He died in 1957, at which time the company had 201 offices in 22 states and 20 foreign countries. maintains seven different complexes in Duncan plus an employee recreational park, but the corporate offices relocated first to Dallas and later to Houston.

 

Bixby is a city in Tulsa and Wagoner counties in the U.S. state of Oklahoma, and is a suburb of Tulsa. The population was 13,336 at the 2000 census and 20,884 in the 2010 census, an increase of 56.6 percent.[3] It is nicknamed ""The Garden Spot of Oklahoma"" for its rich agrarian heritage. Though one of the fastest growing communities in Oklahoma, it remains a sod-growing center and a popular location for purchasing fresh vegetables. In 2009, CNN Money.com placed Bixby No. 67 on its list of 100 Best Places to Live.

 

Del City is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area. The population was 21,332 at the 2010 census.Del City is located near two major interstate highways, both of which connect it to Oklahoma City. Interstate 40 bisects the town from the northwest to southeast, and Interstate 35 lies just a short distance west of the city. The city borders southeast Oklahoma City, Midwest City and Tinker Air Force Base. George Epperly founded the city, which was incorporated by a vote of its residents in 1948. Del City is named after Epperly's eldest daughter Delaphene.[3] Since its incorporation Del City has expanded three times, first by annexing Carter Park in 1954, Midway Village in 1963 and the acquisition of an undeveloped piece of land between the city and Tinker AFB[3] A large area of Del City was significantly impacted by the May 3, 1999 tornado outbreak that passed through the Oklahoma City metro area.Del City borders Tinker Air Force Base, the largest single-site employer in Oklahoma.[20] Other major employers in the area include Rose State College, the Midwest Regional Medical Center, base-affiliated companies and many of the major employers in the Oklahoma City metropolitan area.

 

Sapulpa is a city in Creek and Tulsa counties in the U.S. state of Oklahoma. The population was 20,544 at the 2010 United States census, compared to 19,166 at the 2000 census. It is the county seat of Creek County.

 

Altus is a city and county seat in Jackson County, Oklahoma, United States. The population was 19,813 at the 2010 census, a loss of 7.7 percent compared to 21,454 at the 2000 census.Altus is home to Altus Air Force Base, the United States Air Force training base for C-17, and KC-135 aircrews. It is also home to Western Oklahoma State College and Southwest Technology Center.

 

Bethany is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area. The population was 19,051 at the 2010 census, a decline of 6.2 percent from 20,307 at the 2000 census. The community was founded in 1909 by followers of the Church of the Nazarene from Oklahoma City.The largest employers in the area include: Southwestern Christian University, Wiley Post Airport, Deaconess Hospital at Bethany, the Children's Center, and Bethany public schools. Since 1975 Bethany has been the headquarters for the International Pentecostal Holiness Church. The Federal Aviation Administration Systems Management Office is located there. Bethany is the headquarters for the Horse"

 

"

ster is still known in Oklahoma as the ""Capital of Little Dixie,"" for its old-time Democratic politics.The Oklahoma State Penitentiary is a large source of employment and local revenue in McAlester.

 

El Reno is a city in and county seat of Canadian County, Oklahoma, United States. As of the 2010 census, the city population was 16,729. The city was begun shortly after the 1889 land rush and named for the nearby Fort Reno. It is located in the central part of the state, approximately 25 miles (40 km) west of downtown Oklahoma City, and is part of the Oklahoma City Metropolitan Statistical Area.

 

Ada is a city in and the county seat of Pontotoc County, Oklahoma, United States. The population was 16,810 at the 2010 census, an increase of 7.1 percent from 15,691 at the 2000 census. The city was named for Ada Reed, the daughter of an early settler, and was incorporated in 1901. Ada is home to East Central University, and is the headquarters of the Chickasaw Nation.Ada is an Oklahoma Main Street City, an Oklahoma Certified City, a Tree City USA member, and a National Weather Service StormReady Community.The economy of Ada is diversified. In the mid and late 20th century, the town was a manufacturing center, producing products such as Wrangler jeans, auto parts, cement and concrete, plastic-wear, and other products. Since the start of the 21st century, however, most large manufacturing centers have left or have downsized considerably.

 

Durant is a city in Bryan County, Oklahoma, United States and serves as the capital of the Choctaw Nation of Oklahoma. The population was 15,856 at the 2010 census. Durant is the principal city of the Durant Micropolitan Statistical Area, which had a population of 42,416 in 2010. Durant ranks as the second largest city within the Choctaw Nation, following McAlester, and ahead of Poteau. Durant also has the third highest violent crime rate in the state of Oklahoma.The city was founded by Dixon Durant, a Choctaw who lived in the area, after the MK&T railroad came through the Indian Territory in the early 1870s. It became the county seat of Bryan County in 1907 after Oklahoma statehood.Durant is home to Southeastern Oklahoma State University and the headquarters of the Choctaw Nation. The city is officially known as the Magnolia Capital of Oklahoma.Durant was ranked as the fastest growing rural city in Oklahoma in 2004, having the fastest growth rate outside of the Oklahoma City and Tulsa metropolitan areas.

 

Chickasha /'t??k??e?/ is a city in and the county seat of Grady County, Oklahoma, United States. The population was 16,036 at the 2010 census. Chickasha is home to the University of Science and Arts of Oklahoma. The city is named for, and strongly connected to Native American heritage as Chickasha (Chikashsha) is the Choctaw word for Chickasaw.Agriculture, particularly wheat production, and cattle raising have been important to the city's economy since its earliest days. Manufacturing became important about the middle of the 20th Century.

 

Tahlequah (/'t�l?kw??/ TAL-?-kwah; Cherokee: ???) is a city in Cherokee County, Oklahoma, United States located at the foothills of the Ozark Mountains. It was established as a capital of the 19th-century Cherokee Nation in 1839, as part of the new settlement in Indian Territory after the Cherokee Native Americans were forced west from the American Southeast on the Trail of Tears.The city's population was 15,753 at the 2010 census, an increase of 8.96 percent from 14,458 at the 2000 census. It is the county seat of Cherokee County. The main campus of Northeastern State University is located in the city. Tahlequah is the capital of the two federally recognized Cherokee tribes based in Oklahoma, the United Keetoowah Band of Cherokee Indians and the modern Cherokee Nation.

 

Miami (/ma?'�m?/ my-AM-?)) is a city in and county seat of Ottawa County, Oklahoma, United States. As of the 2010 census, the population was 13,570, a decline of one percent from 13,704 at the 2000 census. The city is named after the Miami tribe. Miami is the capital of the Miami Tribe of Oklahoma, Modoc Tribe of Oklahoma, Ottawa Tribe of Oklahoma, Peoria Tribe of Indians, Seneca-Cayuga Tribe, and Shawnee Tribe. Miami is part of the Joplin, Missouri metropolitan area

 

Woodward is a city in and the county seat of Woodward County, Oklahoma, United States. It is the largest city in a nine-county area. The population was 12,051 at the 2010 census.The area was historically occupied by the Kiowa, Comanche, Cheyenne and Arapaho tribes. European-American settlers established the town in 1887 after construction of the railroad to that point for shipping cattle to markets. The town was on the Great Western Cattle Trail. In the 19th century, it was one of the most important depots in the Oklahoma Territory for shipping cattle to the East. As an important cattle town, it had the rough frontier bawdiness of the time. The United States opened up much of the area to European-American settlement by the Land Run of 1893 and migrants rushed into the area.Boiling Springs State Park, named for its artesian springs that seem to boil, has been established east of the city. After statehood, in 1911 Woodward was established as a court town for the US District Court of western Oklahoma. Annual federal dockets were held annually in November through 1948, and sporadically by need after that.Woodward is the principal center of trade for Northwest Oklahoma and a ten-county region including counties in Kansas and Texas. It serves a trade area of greater than 50,000 people. Agriculture, petroleum, wind energy, and manufacturing all contribute to Woodward's economy.

 

Elk City is a city in Beckham County, Oklahoma, United States. The population was 11,693 at the 2010 census, and the population was estimated at 12,606 in 2013. Elk City is located on Interstate 40 and Historic U.S. Route 66 in western Oklahoma, approximately 110 miles (180 km) west of Oklahoma City and 150 miles (240 km) east of Amarillo, Texas.Today, Elk City is the principal center of trade for Western Oklahoma and much of the Texas Panhandle, with a 60-mile (97 km) trade radius that serves more than 50,000 people. Petroleum, agriculture, wind energy, transportation, tourism, manufacturing, and healthcare all contribute to Elk City's economy.

 

Okmulgee is a city in Okmulgee County, Oklahoma, United States. The population at the 2010 census was 12,321 a loss of 5.4 percent since the 2000 census figure of 13,022. It has been the capital of the Muscogee (Creek) Nation since the United States Civil War. The name is from the Creek word oki mulgee which means ""boiling waters"" in English. Other translations put it as ""babbling brook"" or 'Effluvium'.[] The site was chosen because of the nearby rivers and springs. Okmulgee is 38 miles south of Tulsa and 13 miles north of Henryetta via US-75.Agriculture and coal mining originally supported the local economy. Cotton, corn, feed grains, and forage were the main crops. Truck farming, dairying, and poultry raising were also important.

 

Guymon is a city in and the county seat of Texas County, Oklahoma. As of the 2010 census, the city population was 11,442. The 2012 census estimate grew to 11,930. Cattle feedlots, corporate pork farms, and natural gas dominate its economy, with wind energy production and transmission recently diversifying land owners farms.Guymon serves as a trade center for a wide wheat, livestock, and dairy area. A United States soil conservation station sits nearby. The city has oil and gas wells. Manufacturers include agricultural tillage tools, pressure tanks, printing, and formula feeds. The hamlet of Goodwell, Oklahoma, home of Oklahoma Panhandle State University, lies 11 miles (18 km) to the southwest. The city once had scheduled air service.

 

Weather is a city in Custer County, Oklahoma, United States. The population was 10,833 at the 2010 census.Weather is the home of a Kodak manufacturing plant as well as a hub for multiple oil and natural gas industry leaders.

 

Choctaw is the oldest chartered town in Oklahoma. Choctaw physically became a community in 1890, but was not given actual status as a town until 1893 when a territorial governor was appointed for Oklahoma. It officially celebrated its 100th anniversary in 1993. In 1950, Choctaw was in an agricultural area. It had a population of 355 in that year. However, despite its name, the town has no historical, cultural or government ties to the Choctaw Nation of Oklahoma. The tribal headquarters and casino are located in the southeast part of the state in Durant, Oklahoma, and the Choctaw Capitol Building and annual Labor Day Festival are in Tuskahoma, Oklahoma.Before Choctaw was chartered, the area included a part of William McClure's 7C Ranch and was known for a trading post and a camping spot near a spring.A community emerged on the east 80 acres (320,000 m2) of land John S. Muzzy claimed in the 1889 land run and received a postal designation in early 1890.The town incorporated in April 1904. When Oklahoma became a state in 1907, the town had 230 residents, four churches, a school, a bank, a newspaper and telephone service. By 1909, the town had three gins. The population grew very little during the Great Depression.

 

Glenpool is a city in Tulsa County, Oklahoma, United States. It is part of the Tulsa Metropolitan Statistical Area (TMSA). As of 2010, the population was 10,808. This was an increase of 33.1% since the 2000 census, which reported total population as 8,123.Glenpool is notable because the discovery of oil here in 1905 caused an economic boom that propelled the growth of Tulsa and its environs. Although the Glenn Pool field, for which the city was named, still produces a small amount of oil, the city now is primarily a bedroom community for Tulsa.

 

Guthrie (Pawnee: Ruhkarihraapi, Ruhk�rihaapi) is a city and county seat of Logan County, Oklahoma, United States, and a part of the Oklahoma City Metroplex. The population was 10,191 at the 2010 census, a 2.7 percent increase from the 9,925 at the 2000 census.Guthrie was the territorial and first state capital of Oklahoma. The city is nationally significant because of its collection of late 19th and early 20th century commercial architecture. The Guthrie Historic District is designated a National Historic Landmark.Victorian architecture in the city provides a backdrop for Wild West and territorial-style entertainment, carriage tours, replica trolley cars, specialty shops, and art galleries.

 

Warr Acres is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area. It was established after World War II by C.B. Warr, a dynamic businessman, builder, and commercial developer. The population was 10,043 at the 2010 census.The city lies in the Putnam City School District and also Oklahoma City Public Schools.

 

"

 

Oklahoma

 

The American Trucking Organization
states that there around
200,000 workers with truck
companies and
276,000 private companies trucking
firms accredited to
operate in the States that carried,
according to their most current data of millions
items, materials and
fundamental products .
There are numerous usual
providers either going solo or in
groups on our nation
highways transporting these
important products to our
stores, manufacturingplants and harbors.

Plus freight bill factoring
corporations service
countless of them and offer their
receivables financing services
nationallyincluding
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

 

Cotton, formerly the leading cash crop of Oklahoma, has been succeeded by wheat; income from livestock, however, exceeds that from crops. Many minerals are found in Oklahoma, including coal, but the one that gave the state its wealth is oil. After the first well was drilled in 1888, the petroleum industry grew enormously, until Oklahoma City and Tulsa were among the great natural gas and petroleum centers of the world. Oil and gas have declined somewhat in importance today. Many of Oklahoma's factories process local foods and minerals, but its chief manufactures include nonelectrical machinery and fabricated metal products. Military bases and other government facilities are also important.

 

 

 

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

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

 

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

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

 

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

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

 

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

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

 

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

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

 

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

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

 

 

"

Since the mid 1980s Flores Truck & Haul have been successfully running their freight business. 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, Flores 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 down. Worse still, it was noticed by Flores 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 Flores, Jesse Tucker, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. There was a growing list of clients who now owed them back debt.He had gone to his administrators and asked them what the problem had been. Were they doing something wrong or different when it came to reaching out to delinquent accounts? When checking his bookkeeper's records this was definitely not the case. He thought perhaps that he was losing clients to a competitor who offered rock-bottom prices with little to no guarantee of quality performance, and that the folks who owed Flores money had jumped ship and decided to leave him holding the bag.

 

. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. The had just gone!.This current state-of-affairs was causing Jesse Tucker to have some very restless nights. 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, Julia, and neither were unable to stop the constant worry over the lack of funds.""I have a bad feeling, Lin,"" he would say with deep woe.""What could you do differently?"" she would say.Jesse 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 traveling, bringing goods to all of his clients. But then a haze would cover his trucks and his vast fleet would vanish to leave just a few. What could cause this ultimate death spiral of business?""I know what it is,"" Jesse said. ""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 Julia 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'.""Jesse knew very well that Julia 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 Jesse strolled into his office and was determined to sit down and make every phone call to every client who had owed Flores money. This wasn't really a very efficient way for a Chief Executive to spend his day, and Jesse knew he should be overseeing all the other sides of the business, such as shipments and deliveries, approaching prospective customers, or working with his sales team. But, he felt like he was doing something proactive to help his business, even though he had staff on salary to do just that thing. A waste of time - a waste of money - he had the best intentions, but all the while Jesse was realising just how much trouble he was in.Poor Jesse 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.

 

""Can I have a word with you Jesse?"" she queried, standing in the doorway.

 

""Of course Daisy, please come in."" Jesse leaned back in his chair and looked expectantly at Daisyerely.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Jesse."" She pulled a small stack of papers from a folder and set them on the desk before him.""Have you ever heard the word factoring?"" Daisyerley asked.""It sounds vaguely familiar. What is it?"" he said.She began, ""Well, it is really very simple. So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Jesse interrupted ""Immediately?"".""Immediately, yes"" she added, ""it is actually very simple. We start by having a professional account manager review our figures and help us set up a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It provides a very broad view.""Jesse replied cautiously ""I see - and what happens then?""Following the completion of their review and once we have been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.

 

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.�Leaning forward, Jesse studied the documents very closely.""It sounds too good to be true, Daisy,"" he said.""Yes, I know; that's exactly what I thought at the beginning. But really, they have guaranteed us experts that do all the legwork, which would free us up here to focus on our clients in good standing and marketing, all that good stuff. And they're flexible Jesse,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked Jesse.""It seems that they personalize their factoring charges so that the amount they're prepared to work with is commensurate with our client's debt and our needs. 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,"" Jesse said.Jesse took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Precisely�. This could very well be the answer to resolving the problems we are having with these clients who still owe us money.""Jesse took a moment to think about this solution, and agreed with his secretary. The clients who owed them money were long standing friends and professional resources of Flores. Just because they were experiencing difficulties paying their own bills now, Jesse was very concerned about losing these relationships. He was well aware that the economy was in a bad way and that it might be quite a while before things started picking up. 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.""Well, let me think about this tonight Daisy, thank you."" Daisy nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.Jesse sat behind his desk and looked over the details Daisy had not mentioned in their meeting. He wondered if there might be other problems freight factoring could help Flores Truck & Haul with? With his pencil gliding down the sheet he noticed that the factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. Jesse was surprised: it said that his company could get up to fifty percent cash advances on load pickups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.""Well, I'll have to tell Henry about this,"" Jesse muttered to himself.His son-in-law Henry had liked the idea of Flores 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. Jesse knew then what struggles Henry would face but he encouraged him nonetheless. With the economy the way it was, if an established company such as Flores was struggling then the little guys, like Henry, were going to be in even more trouble. But, maybe the answer for both of them was in freight factoring, and Jesse 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 Jesse 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. Jesse looked back on the dismal months of life before freight factoring and almost shuddered at the thought. Had he missed the boat on this one, he probably wouldn't be in business today.

 

"

 

 

 

More Trucking Factoring Companies Story Articles

The Future of a Trucking Company, and Factoring The phone was ringing on his desk, and Harvey Harvey just sat there letting it ring. His morning coffee cooled and his cigarette smoked away in the tray: Harvey is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Harvey Trucking Company was at a turning point of growth and Harvey had to decide if signing with a factoring company was the right way forward.

 

More than forty years ago Harvey's father had started this business working as an owner-operator and eventually growing Harvey Trucking Company into a fifteen trailer fleet. Yes, they had survived some very difficult times when it appeared like they might go under, and even Harvey's mother had jumped into the cab at times to make hauls. His father had lived long enough to witness the price of hires drop during the recession and watch the eruption of fuel prices afterwards. Now the company was solely in Harvey�s hands and he wanted to live to see it in better shape for his sons.

 

To move Harvey Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. He had employees to pay. They all have families and the usual household bills. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requests for loads of agricultural and energy equipment. He knew that turning down these requests made Harvey 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. Harvey allowed himself a good hard chuckle. He remembered when his father was totally against installing GPS units in the cabs. He would say, �Why do you need the voice of some woman to tell you to get off at an exit that has been the same exit that has been there for years?� Also his father had the habit of teasing all the drivers he caught switching into automatic even though driving in automatic was much more efficient though not manly in his father�s eyes. 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.

 

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

 

But was factoring the answer? There was a lot he didn�t understand about the process. It sounded like a ninth grade math problem and he wondered how this would fit into the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. The factoring company gives the trucking business its payment right away which allows the business to have continuous cash flow so it can pay employees, buy fuel, and make repairs for upcoming hauls. Without this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. During those thirty days the trucking company cannot pay its employees and bills with invoices.

 

Harvey 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! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His friend Ronnie who had a trucking business in Missouri, was run nearly into the ground by a factoring company that charged him the full freight bill on top of the factoring fees. 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. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He was quite happy to sign an exclusive contract. 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.

 

For Harvey it was quite a relief to be dealing with the factoring company. 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 were not interested in his credit nor the financial problems his father had experienced in the past. Factoring was based on the credit of his customers and on their reliability which worked well for Harvey because he and his father had built up good strong relationships over decades with their list of clients. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients wouldn�t think poorly of Harvey Trucking and the factoring companies appeared capable of handling the accounts receivable in the same polite manner that his father had used over the years.

 

Feeling happier now, Harvey stepped out of his office to advise his secretary to expect to receive the contract very shortly from the factoring company. He felt exhilarated by the new possibilities that would make the future of the company fun again and put the stress of the difficult times behind him. He suddenly realized that, with this new cash flow, he could actually expand Harvey Trucking Company and who knows, move into Canada, which had always been his dream. His heart felt full knowing his sons wouldn�t have to worry about money because of the right decisions he had made for their trucking business.

 

 

 

 

 

Credit Accounts Receivable

 

Factoring Company Account Debt Buyer

 

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Trucking Factoring  Articles

"

�So It is not a loan?� asked Chester Ruiz, reclining back into his chair and crossing his legs. The woman sitting across the desk from Chester smiled at him, shaking her head.�Not quite,� she said.Chester Ruiz owned a small trucking company, and his business had recently fallen on difficult times. Trucking could be a profitable business, and for a little under a decade, it had been for Miguel. His company was called Watts Trucking, named after both of his grandfathers, Glen and Ivan. Both of these men had been very hardworking and had set a great example for Miguel.Disaster had struck half a year ago, when two trucks in Miguel�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. Chester depended on his full fleet, and missing two trucks was devastating . Furthermore, buying a whole new truck and fixing the other simply took more cash than Chester had on hand.A big problem a lot of trucking companies came across was how bills were paid in the industry. You could go a month or more before bills were completely paid off. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Chester was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.That�s where the woman across the desk came in. Chester knew she was employed by a Factoring company and that her name was Eileen. 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.Eileen explained. �It�s not a loan, we purchase your accounts receivable. we are not giving you finance to be repaid later: we are purchasing something from you, and when you can you can buy it back. This is a win-win situation: we are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Chester agreed. It sounded good to him, almost too good.The woman laughed. �You look like you don�t believe me,� she said.�Oh no, I do: it just sounds too good to be true. I actually thought I might end up losing my business.�Eileen nodded. �We get that a lot. There's no way we want to see you lose your business. We know how hard you work, and that you've invested everything in your business. We all need help sometimes. That's why we do what we do.""In any case, thank you for coming to see me.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� Eileen said with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Chester filled the form out, with Eileen available to help him if he needed it. The completed profile gave Eileen and her company all the information they needed on Miguel's business, and with this information they would determine if this business would in fact be suitable for Factoring. Unfortunately, not all companies are. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. Listening as Chester filled out his form, Eileen was pretty sure he was a perfect candidate for factoring.Eileen took the completed form and placed it in her briefcase. Standing up, she reached over the desk and shook Miguel's hand. He also stood up, and they smiled at each other. Chester walked Eileen to the door where they said 'Goodbye', then he went back into his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He leaned back and closed his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. But now, after speaking to Eileen 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. 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 there, he was on the right path, and he was working to make things right.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 really successful. Offering home cooking in his own hometown, his business had really prospered.But he had gotten bored. His passion didn�t lie with 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 Watts Trucking. So he did it. For the second time in his short life he created a company from the ground up. The business had been an instant success.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was nearing fifty. He didn�t think he had it in him, to save this company. But giving up wasn't part of his personality either.

 

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

 

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More Trucking Factoring Company Story Articles

The reason why Truck Agencies Utilize Factoring Companies.

 

As the manager of your own establishment, you may well be more than mindful already of the challenge in making sure that cash flow concerns do not become a predicament down the line. Anyway, the most awful thing that can quite possibly take place for your enterprise is to find yourself dragged in a long and complicated situation that leaves you forever looking for the finances you need to have on an continuing manner.

 

For pretty much any enterprise in this predicament, the concern can come for waiting for work to lapse and actually be provided into your balance. Statements, checks, and the like can take some time to actually to beprocessed which can certainly leave you with short-term capital difficulties. Fortunately, there are solutions out there for businesses to investigate-- and one of these is factoring agencies.

 

Factoring providers will, in exchange for your invoices, provide you with the finances asap to ensure that you do not need to worry about the lingering time frame which could make paying out the bills and obtaining materialsmore difficult. With this sort of setup, invoice factoring can come to be extraordinarily valuable for numerous businesses who have to get out of a money trap which they have discovered themselves in.

 

Due to the fact that, depending upon the size of the project, it can take up to 60 days for some businesses to get paid then it is significant to blanket your own back and certainly not leave yourself resources short to pay off the expenses. After all, how many businesses possess two months revenue just lying there to deal with all their overheads until they get paid?

 

This is most especially correct of truck companies. They tend to take care of great deals of accounts which means a huge quantity of collection period concerns company owner themselves. Trying to get paid promptly can come to be an unbelievable trouble and this is the reason why you utilize trucking factoring agencies who are happy to help out truckers specifically.

 

As we all recognize, trucking is an unbelievably large business with many agencies out there hiring hundreds of operators. However, several of these drivers end up in cash problems since they are still waiting for work from six weeks back to actually compensate them. When this is the scenario for a trucking organization, turning to factoring providers for reinforcement may be the most effective alternative left.

 

This signifies that a trucking organization can pay off the salaries of the work force, keep all the cars loaded with gas and continue to go up, develop and expand without continually waiting for the money which is taking too lengthy to come in. Trucking Firms functioning without a factoring system applied are leaving themselves at substantial threat, as competitions cash out quickly and carry on to expand.

 

There's honestly almost nothing to be worried about when it comes to utilizing a Factoring establishment-- they usually are not like a banking company or somebody who is going to leave you with a big pile of debt to repay. You give them genuine invoices from job you have already wrapped up , you are merely speeding up the repayment process.

 

In the United States, where truck establishments thrive, factoring firms are not considered getting a loan in any capacity. This confidential arrangement then makes it possible for both parties to benefit and delight in a convenient future-- it provides the factoring company a secured asset of cash flow to add to the list and it offers the trucking business the required finances that they worked hard to gain.

 

The trucking establishment presents their statements to the factoring enterprise. The trucking factoring company then receive the installment payments from the trucking company's customers. Factoring has been all around for hundreds of years and has been employed for many years by lots of varying industries-- but none exceeding so than truckers. While you might lose out on a small part of the money, something like 1-3 % depending upon who you team up with, it implies that you are obtaining the money today and can actually begin setting the money to operate.

 

Once and for all, an IOU or an invoice is absolutely not going to fund expenditures, is it? For trucking establishments when the resources can be great one day and gone the next, it is up to the vehicle drivers to work sensibly and to ensure they are leaving themselves with a significant amount of time and money to get through the week up until they are paid once more.

 

So the next time your trucking establishment is enduring some short-term capital issues and you are putting in too much time chasing slowly paying clients, why not start looking into making use of a factoring businesses as a way to get your cash and give yourself a more pleasant future in the eyes of your trucking workers and your bank balance?

 

 

 

 

 

 

"

Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. While these loans are handy they are not available to every business. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it 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. 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?

 

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

 

1. There is no debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. This has many benefits including the fact, that this type of financing will not affect either your business credit rating or your personal credit rating. Should the unforeseeable happen and your business fails, you will not have to worry about anyone coming after your personal as well as your business assets to pay off a loan. The debt goes onto your credit report with a bank loan, with only one missed payment adversely affecting your business credit: it would also affect your ability to secure insurance, and may reflect on your personal credit rating as well.

 

2. No Collateral Required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. This makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

3. Receive Your Money Faster. With a Trucking Factoring company you can actually get the money you need faster. 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.Interest is Paid 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. 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.

 

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.A Trucking Factoring company is not the only method of gaining access to finance for the running and growing of your business, however it does offer a financing option well worth considering.

 

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