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This is Marie Antoinette - Escaping - Our Truck Factoring Companies Can Give
Your Trucking Company The Cash Your Company Needs

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Medium-Size trucking businesses, particularly those who have not been in existence for very long, will commonly discover it tough to protect a loan. Banks are frequently reluctant to provide money to companies that do not have a lot of earnings and possessions. They likewise want proof of the practicality of a business and thus need that many operations, especially small ones, been around for a specific quantity of time prior to they are ready to turn over any cash. Because of this, a medium-size business frequently has a couple of cash producing choices when requires occur. One alternative offered, however typically overlooked, is invoice factoring. This is an outstanding way for a medium-size business to obtain cash.

 

 

 

 

 

 

 

How to Get Cash And Grow Your Company - Pick A Freight�Invoice Factoring Company  Instead Of A Traditional Bank Funding

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

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

Money flow does not have to be a problem any ever more. Do not be deceived -- banks are not the only places you can get funding. Other solutions are offered and you do not have to borrow money. What is trucking factoring ? One option is called trucking factoring. Trucking Factoring is the process of offering accounts receivable to a financier rather than waiting to gather the money from the customer. Oh, the Irony- Truck factoring has a paradoxical distinction: It is the financial foundation of many of America's most effective businesses. Why is this ironic ? Because receivable loan funding is not taught in business colleges, is rarely discussed in company plans and is relatively unidentified to the majority of most of American business people.

Yet it is a financial procedure that releases up billions of dollars every year, allowing thousands of businesses to grow and prosper. Receivable Funding has been around for countless years. Receivable Loan Financing Companies are financiers who pay cash for the right to get the future payments on your invoices. An overdue receivable or invoice has value. It is a debt your client has agreed pay in the near future. Factoring Principals--Although factoring offers solely with business-to-business deals, a big portion of the retail company uses a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail deals. Using the purest meaning of the word, these big customer finance business are really just big Receivable Loan Financing Businesses of customer paper. Consider it: You purchase at Sears and charge it to your MasterCard. The store makes money practically immediately, although you do not pay up until you are prepared.

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

Truck Factoring offers the means for a producer to renew inventory and make even more items to offer: There is no longer a requirement to wait for earlier sales to be paid. FACTORING is not simply a cash management device for producers: Practically any kind company can benefit from Receivable Loan Financing. Generally, 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 exactly how much is tied up in 60 days' worth of invoices: You can not pay the power bill or this week s payroll with a client s invoice, but you can offer that invoice for the money to meet those responsibilities. Using trucking factoring companies is a fast and easy procedure. The factoring company buys the invoice at a price cut, usually a few portion points less than the stated value of the invoice.

 

 

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"

Las Vegas, /l??s 've?g?s/ (locally, also pronounced as /l??s 'v?g?s/) officially the City of Las Vegas and often known as simply Vegas, is a city in the United States, the most populous city in the state of Nevada, the county seat of Clark County, and the city proper of the Las Vegas Valley. Las Vegas is an internationally renowned major resort city known primarily for gambling, shopping, fine dining and nightlife and is the leading financial and cultural center for Southern Nevada.The city bills itself as The Entertainment Capital of the World, and is famous for its mega casino�hotels and associated entertainment. A growing retirement and family city, Las Vegas is the 30th-most populous city in the United States, with a population of 603,488 at the 2013 United States Census Estimates. The 2013 population of the Las Vegas metropolitan area was 2,027,828. The city is one of the top three leading destinations in the United States for conventions, business, and meetings. In addition, the city's metropolitan area has more AAA Five Diamond hotels than any other city in the world, and is a global leader in the hospitality industry. Today, Las Vegas is one of the top tourist destinations in the world.Established in 1905, Las Vegas was incorporated as a city in 1911. At the close of the 20th century, Las Vegas was the most populous American city founded in that century (a similar distinction retained by Chicago in the 19th century). The city's tolerance for numerous forms of adult entertainment earned it the title of Sin City, and has made Las Vegas a popular setting for films, television programs, and music videos.Las Vegas is generally used to describe not just the city itself, but areas beyond the city limits�especially the resort areas on and near the Las Vegas Strip�and the Las Vegas Valley. The 4.2 mi (6.8 km) stretch of South Las Vegas Boulevard known as the Las Vegas Strip is in the unincorporated communities of Paradise, Winchester, and Enterprise, located in Clark County.The primary drivers of the Las Vegas economy are tourism, gaming and conventions, which in turn feed the retail and restaurant industries.

 

Henderson, officially the City of Henderson, is a city in Clark County, Nevada, United States. It is the second largest city in Nevada, after Las Vegas, with an estimated population of 270,811 in 2013. The city is part of the Las Vegas metropolitan area, which spans the entire Las Vegas Valley. Henderson occupies the southeastern end of the valley, at an elevation of approximately 1,330 feet (410 m).In 2011, magazine ranked Henderson as America's second safest city. Analysts attribute this to Henderson being an affluent city, with a high median income and amenities catering to local residents. Henderson has also been named as ""One of the Best Cities to Live in America"" by . In 2014, Henderson was again ranked as one of the Top 10 ""Safest Cities in the United States"", by the FBI Uniform Crime Report.According to the city's 2010 Comprehensive Annual Financial Report, the top employers in the city are:

 

Reno is a city in the US state of Nevada near Lake Tahoe. Known as ""The Biggest Little City in the World"", Reno is famous for its casinos and as the birthplace of Entertainment Corporation. The city is situated in the northwestern part of the state and is the county seat of Washoe County. Reno is the most populous Nevada city outside of the Las Vegas metropolitan area. With an estimated population of 233,294 in 2013, Reno is the third most populous city in the state after Las Vegas and Henderson. The city sits in a high desert at the foot of the Sierra Nevada and its downtown area (along with Sparks) occupies a valley informally known as the Truckee Meadows.Reno is part of the Reno�Sparks metropolitan area which consists of all of both Washoe and Storey counties and has a 2013 estimated population of 437,673. making it the second largest metropolitan area in Nevada.Before the late 1950s, Reno was the gambling capital of the United States, but in the last twenty years Las Vegas' rapid growth, American Airlines' 2000 buyout of Reno Air, and the growth of Native American gaming in California have reduced its business. Older casinos were torn down were either closed or were converted into condos.

 

North Las Vegas is a city in Clark County, Nevada, United States, located in the Las Vegas Valley. As of the 2010 census it had a population of 216,961, with an estimated population of 226,877 in 2013. The city was incorporated on May 16, 1946. It is located in the Las Vegas metropolitan area and is the fourth largest city in the state of Nevada.Traditionally, manufacturing and warehouse distribution companies have dominated the local market. However, high-tech businesses, including solar and green technology, and custom manufacturing facilities are moving to North Las Vegas.[]

 

Sparks is a city in Washoe County, Nevada, United States. It was established in 1905 and is located just east of Reno. The 2010 U.S. Census Bureau population count was 90,264. It is the fifth most populous city in Nevada. Sparks is often referred to as half of a twin city (i.e., ""Reno-Sparks"").

 

Carson City, officially the Consolidated Municipality of Carson City, is an independent city and the capital of the state of Nevada, named after the mountain man Kit Carson. As of the 2010 census, the population was 55,274. The majority of the population of the town lives in Eagle Valley, on the eastern edge of the Carson Range, a branch of the Sierra Nevada. Carson City is about 30 miles (50 km) south of Reno and originated as a stopover for California bound emigrants, but developed into a city with the Comstock Lode, a silver strike in the mountains to the northeast. The city has served as the capital of Nevada since statehood in 1864 and for much of its history was a hub for the Virginia and Truckee Railroad, although the tracks were removed in the 1950s. Prior to 1969, Carson City was also the county seat of Ormsby County. In 1969, the county was abolished, and its territory was merged with Carson City to form the Consolidated Municipality of Carson City. With the consolidation, the city limits today extend west across the Sierra Nevada to the California state line in the middle of Lake Tahoe. Like other independent cities in the United States, it is treated as a county-equivalent for census purposes.The following is a list of the top employers in Carson City from the fourth quarter of 2012:

 

Fernley is a city in Lyon County, Nevada, United States, east of the Reno�Sparks metropolitan area. The city incorporated in 2001; prior to that it was a census-designated place (CDP). The population of the city was 19,368 at the 2010 census. Fernley is home to Amazon.com center and Reno-Fernley Raceway.

 

Elko (Shoshoni: Natakkoa, 'Rocks Piled on One Another') is the largest city and county seat of Elko County, Nevada, United States. The population was 18,297 at the 2010 census. The city straddles the Humboldt River.Elko is the principal city of the Elko Micropolitan Statistical Area, a micropolitan area that covers Elko and Eureka counties and had a combined population of 48,594 at the 2010 census. It is the largest city for over 130 miles (210 km) in all directions, making it, as its city motto states, ""The Heart of Northeast Nevada"".It is home to Great Basin College, as well as to the National Weather Service Weather Forecast Office serving most of northern and central Nevada.Elko's economy is based heavily on gold mining, with ranching and tourism providing additional jobs. The city is considered the capital of Nevada's goldbelt. The state of Nevada produces more gold than all but four countries, most of which is mined near Elko. This has caused the town to have a boom and bust economy consistent with the rises and declines in the price of gold. The town is surrounded by hundreds of abandoned mining camps, and viewing them is a popular local activity. A gold boom in the 1980s that ended in a bust in the late 1990s left the town with large numbers of abandoned homes and left the local governments struggling to survive on reduced tax revenues. With a new gold boom starting in 2009, city officials have been reluctant to hire new employees and have decided to build a reserve in the city budget to prepare for the next bust.

 

Mesquite is a city in Clark County, Nevada, United States, adjacent to the Arizona state line and 80 miles (130 km) northeast of Las Vegas. As of the 2010 United States Census, it had a population of 15,276. The city is located in the Virgin River valley. It is home to a growing retirement community, as well as several casino resorts and golf courses.Mesquite is home to several casinos. The Virgin Valley Heritage Museum has exhibits about area pioneers and local history. The museum building, built in 1940, is listed in the National Register of Historic Places. Mesquite is a stopping point for those traveling along I-15 between Salt Lake City, Las Vegas, and Los Angeles. Mesquite is also a destination for golfers. With over nine public courses set into the desert, it draws golfers from all over. Mesquite Airport provides facilities for general aviation and skydiving. It hosts the annual World Long Drive Championship. It is the site of the proposed Toquop Energy Project.

 

Boulder City is a city in Clark County, Nevada, United States. It is approximately 26 miles (42 km) southeast of the city of Las Vegas. As of the 2010 census, the population of Boulder City was 15,023.Boulder City is one of only two cities in Nevada that prohibit gambling, the other being Panaca.

 

Fallon is a city in Churchill County, Nevada, United States, in the western part of the state. The population was 8,606 at time of the 2010 census. Fallon is the county seat of Churchill County and is located in the Lahontan Valley.Fallon and Churchill County are mostly agricultural areas. Although the area is arid, approximately 50,000 acres (200 km2) of its pastureland are irrigated with water from the Truckee�Carson Irrigation District. The principal crop grown is alfalfa for livestock feed. The ""Heart O' Gold"" cantaloupes of Churchill County were once distributed across the United States, but are now grown mostly for consumption in Nevada.The largest single employer in Fallon and Churchill County is Naval Air Station Fallon, a training airfield that has been the home of the U.S. Navy's Naval Strike and Air Warfare Center including the TOPGUN training program since 1996, when it was moved here from Naval Air Station Miramar with that Air Station transferred to the U.S. Marine Corps.U.S. Highway 50 (east�west) and US 95 (north�south) intersect in Fallon. It is one of the towns on the so-called ""Loneliest Highway in America"", the stretch of US 50 across most of Nevada that is known for its remoteness. Eastbound travelers from Fallon must drive 110 miles (180 km) to find the next town, Austin.

 

Winnemucca (i/?w?n?'m?k?/) is the only incorporated city in and is the county seat of Humboldt County, Nevada, United States. As of the 2010 census, the city had a total population of 7,396, up 3.1 percent from the 2000 census figure of 7,174. Interstate 80 passes through the city, where it meets U.S. Route 95.

 

West Wendover is a small city in Elko County, Nevada, United States. The population was 4,410 at the 2010 census. It is part of the Elko micropolitan area. West Wendover is located on the eastern border of Nevada and the western edge of the Great Salt Lake Desert and is contiguous with Wendover, Utah, with which it is sometimes confused. Interstate 80 runs just north of the cities, while Interstate 80 Business (Wendover Boulevard) runs through the two cities.

 

Ely (/'i?li/, EE-lee) is the largest city and county seat of White Pine County, Nevada, United States. Ely was founded as a stagecoach station along the Pony Express and Central Overland Route. Ely's mining boom came later than the other towns along US 50, with the discovery of copper in 1906. Though the railroads connecting the First Transcontinental Railroad to the mines in Austin and Eureka have long been removed, the railroad to Ely is preserved as a heritage railway by the Nevada Northern Railway and known as the Ghost Train of Old Ely. As of the 2010 census, the population was 4,255.According to the United States Census Bureau, Yerington (Washo: y�?t?n ) is a city in Lyon County, Nevada, United States. The population was 3,048 at the 2010 census. It is named after Henry M. Yerington, Superintendent of the Virginia and Truckee Railroad from 1868 to 1910. It is the current county seat of Lyon County, the first county seat being established at Dayton, Nevada on November 29, 1861. After the Dayton Court House burned down in 1909, the seat was moved to Yerington in 1911.

 

Carlin is a small city located near the western border of Elko County in northeast Nevada, 23 miles (37 km) west of the city of Elko. It is part of the Elko Micropolitan Statistical Area. Carlin sits along Interstate 80 at an elevation of approximately 4,900 feet (1,500 m). As of the 2000 census, its population was 2,161. The city was named for Civil War general William Passmore Carlin. Its slogan is ""Where The Train Stops...And the Gold Rush Begins"".Carlin was the home of the Native American Medicine man John ""Rolling Thunder"" Pope, who had worked as a brakeman on the railway.

 

Lovelock is the county seat of Pershing County, Nevada, in which it is the only incorporated city. It is the namesake of a nearby medium-security men's prison and a Cold War-era gunnery range. Formerly a stop for settlers on their way to California and later a train depot, the town's economy remains based on farming, mining and also increasingly on tourism.

 

Wells is a small city in Elko County, in northeast Nevada in the western United States. The population was 1,292 at the 2010 census. Wells is located at the junction of Interstate 80 and U.S. Route 93, approximately 50 miles (80 km) east of Elko and is part of the Elko micropolitan area.

 

Caliente /k�li'?nti/, formerly known as Culverwell and Calientes, is a city in Lincoln County, Nevada, United States. Its elevation is 4,300 feet (1,310 meters). The population was 1,130 at the 2010 census. The city's name originated from the nearby hot springs, as ""caliente"" is the Spanish word meaning ""hot"".

 

Paradise, NevadaCensus-designated place The Las Vegas Strip, largely located within ParadiseLocation of Paradise in Clark County, NevadaU.S. Census Map Town Advisory BoardParadise is a census-designated place (CDP) in Clark County, Nevada, United States. The population was 223,167 at the 2010 census. As an unincorporated town, it is governed by the Clark County Commission with input from the Paradise Town Advisory Board. Paradise was formed on December 8, 1950.Paradise contains McCarran International Airport; the University of Nevada, Las Vegas; and most of the Las Vegas Strip. Paradise contains most tourist attractions in the Las Vegas area, excluding downtown. Despite this, Paradise remains relatively unknown. All Paradise ZIP codes have Las Vegas mailing addresses. Paradise is the second most populous CDP in the United States, after Honolulu.

 

Sunrise Manor is an unincorporated town and part of Las Vegas Township in Clark County, Nevada, United States, located on the western base of Frenchman Mountain, east of Las Vegas. The population was 189,372 at the 2010 census. If Sunrise Manor were to be incorporated, it would be one of the largest cities in Nevada. Sunrise Manor was formed in May 1957.

 

Spring Valley is an unincorporated town and census-designated place and part of Las Vegas Township in Clark County, Nevada, United States, located 2 miles (3 km) west of the Las Vegas Strip. The population was 178,395 at the 2010 census. Spring Valley was formed in May, 1981.

 

Enterprise is an unincorporated town and census-designated place and part of Las Vegas Township in Clark County, Nevada, United States, south of Las Vegas. The population was 108,481 at the 2010 census, up from 14,676 at the 2000 census. As an unincorporated town, it is governed by the Clark County Commission with input from the Enterprise Town Advisory Board. Enterprise was formed in December, 1996.Allegiant Air has its corporate headquarters in Enterprise.

 

Whitney (formerly East Las Vegas) is an unincorporated town and census-designated place in Clark County, Nevada, United States. The population was 38,585 at the 2010 census.

 

Pahrump is a census-designated place (CDP) and an unincorporated town in Nye County, Nevada, United States. As of 2010 the population was 36,441, making it the largest settlement in the county.There is no local bus public transportation in Pahrump. Residents, and those visiting Pahrump, utilize McCarran International Airport in the Las Vegas area, approximately 60 miles east of Pahrump. A private airport, Calvada Meadows Airport, also serves Pahrump, however, aircraft must request permission before landing at this small airport. Enterprise Rent-A-Car operates a local branch for vehicle rental needs.

 

Winchester is an unincorporated town and census-designated place (CDP) and part of Las Vegas Township in Clark County, Nevada, United States that contains part of the Las Vegas Strip. It is one of a number of CDPs in the unincorporated urbanized area directly south of Las Vegas. The population was 27,978 at the 2010 census. It is governed by the Clark County Commission with advice from the Winchester Town Advisory Board. �Winchester, NV� does not appear in postal addresses; the United States Postal Service has assigned �Las Vegas, NV� as the place name for the ZIP codes containing Winchester.

 

Summerlin South, also seen on maps as South Summerlin, is an affluent census-designated place (CDP) in Clark County, Nevada, United States, on the western edge of the Las Vegas Valley and adjacent to the Red Rock Canyon National Conservation Area. It is so named because it is a southward extension of the master-planned community of Summerlin. Nearly all of Summerlin South is in ZIP code 89135. The population was 24,085 at the 2010 Census.The Summerlin South Community Association is the main governmental entity of the area � it is a homeowners association for the entire community. It is the only unincorporated area of the Las Vegas Valley that does not have a town advisory board.Summerlin South is considered to be one of the most prestigious neighborhoods in the Las Vegas Valley. The area includes The Ridges, a highly affluent guard-gated community of luxury mansions in southwest Summerlin.

 

Sun Valley is a census-designated place (CDP) in Washoe County, Nevada, USA. The population was 19,299 at the 2010 census. It is north of Reno and is part of the Reno�Sparks Metropolitan Statistical Area.

 

Spanish Springs is a census-designated place (CDP) in Washoe County, Nevada, United States. It is located in the northeastern part of the Reno�Sparks Metropolitan Statistical Area. The population was 15,064 at the 2010 Census.

 

Spring Creek is a census-designated place (CDP) in central Elko County, in northeastern Nevada in the western United States. It mainly serves as a bedroom community for the businesses and industries in and around the nearby city of Elko. It is part of the Elko Micropolitan Statistical Area. The population was 12,361 at the 2010 census.

 

Gardnerville Ranchos is a census-designated place (CDP) in Douglas County, Nevada, United States. As of the 2010 census, the CDP population was 11,312. The area is the namesake for the Gardnerville Ranchos Micropolitan Statistical area which includes other areas of Douglas County.

 

Dayton is a census-designated place (CDP) in Lyon County, Nevada, United States. The population was 8,964 at the 2010 census.

 

Incline Village is a census-designated place (CDP) in Washoe County, Nevada on the north shore of Lake Tahoe. The population was 8,777 at the 2010 census. It is part of the Reno-Sparks Metropolitan Statistical Area. Until the 2010 census, the CDP Crystal Bay, Nevada was counted jointly with Incline Village.Sierra Nevada College's main campus is located in Incline Village.

 

Laughlin /'l??f.l?n/ is an unincorporated town and census-designated place in Clark County, Nevada, United States, and a port located on the Colorado River. Laughlin is 90 miles (140 km) south of Las Vegas, located in the far southern tip of Nevada. It is best known for its gaming, entertainment, and water recreation. As of the 2010 census, the population was 7,323. The nearby communities of Bullhead City, Arizona; Needles, California; Fort Mohave, Arizona; and Mohave Valley, Arizona, bring the Laughlin area's total population to about 100,000.Its name comes from Don Laughlin, an Owatonna, Minnesota, native who purchased the southern tip of Nevada in 1964 (informally called South Pointe). At the time, Don Laughlin operated the 101 Club in Las Vegas. He opened what would become the Riverside Resort, offering all-you-can-eat chicken dinners for 98 cents, 12 slot machines and two live gaming tables, along with eight motel rooms (although four of the rooms were occupied by Don Laughlin's family). He wanted to call the community Riverside or Casino, but the post office opted for Laughlin instead.Laughlin is the third most visited casino and resort destination in the state after Las Vegas and Reno, and is one of the top five destinations for American RV enthusiasts.A September 2013, article in the Las Vegas Review Journal is quoted as saying ""Once a boomtown, Laughlin has seen nothing but declines for a dozen years, almost exactly coinciding with the loss of regular airline flights after Sept. 11, 2001. The 2.1 million visitors recorded last year by the Las Vegas Convention and Visitors Authority is less than half the 1997 peak. Through July, the count has dropped another 2.2 percent compared to 2012."" Laughlin is advertised as a family-friendly destination. Being located on the river, outdoor and family activities are emphasized. Many of the casinos that line the Colorado River are linked by an unofficial pedestrian thoroughfare known as the Laughlin Riverwalk.

 

Moapa Valley is an unincorporated town and census-designated place in Clark County, Nevada, United States. As of the 2010 census, it had a population of 6,924. The valley in which the community lies, also named Moapa Valley, is about 40 miles (64 km) long and lies roughly northwest to southeast.

 

Gardnerville is a census-designated place (CDP) in Douglas County, Nevada, United States, adjacent to the county seat of Minden. The population was 5,656 at the 2010 census.U.S. Route 395 runs through the center of Gardnerville. State Route 207, known as Kingsbury Grade, connects Gardnerville to Stateline and U.S. Route 50.

 

Battle Mountain is an unincorporated community and census-designated place in Lander County, Nevada, United States. The population was 3,635 at th"

 

Nevada

 

Nevada Cities

 

The United states Trucking Organization
states that there around
205,000 workers with freight trucking
companies and
276,000 personal service providers trucking
firms certified to
run in the U.S. that carried,
according to their most current listings of millions of
items, materials and
basic products .
There are several usual
providers either going solo or in
teams on our country
roads carrying these
important items to our
shops, factories and shipping ports.

Moreover freight factoring
companies benefit
many of them and offer their
receivable loan facilities
nationallycounting
including the following states.

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

 

"The Bureau of Economic Analysis estimates that Nevada's total state product in 2010 was $126�billion. Resort areas like Las Vegas, Reno, Lake Tahoe, and Laughlin attract visitors from around the nation and world. In FY08 the total of 266 casinos with gaming revenue over $1m for the year, brought in revenue of $12�billion in gaming revenue, and $13�billion in non-gaming revenue.Many of the high plateau areas are excellent for grazing, and cattle and sheep raising are important industries. Because of the prevailing dryness and the steep slopes, agriculture is not highly developed, but is devoted mainly to growing hay and other feed for cattle; however, potatoes, onions, and some other crops are also cultivated.Nevada's riches do not grow from its land; rather, almost incredible wealth lies below its surface. Although copper mining is now much less dominant than before, Nevada is the nation's leading producer of gold, silver, and mercury. Petroleum, diatomite, and other minerals are also extracted. The state's manufactures include gaming machines and products, aerospace equipment, lawn and garden irrigation devices, and seismic monitoring equipment. Warehousing and trucking are also significant Nevada industries.Nevada's economy, however, is overwhelmingly based on tourism, especially the gambling (legalized in 1931) and resort industries centered in Las Vegas and, to a lesser extent, Reno and Lake Tahoe. Gambling taxes are a primary source of state revenue. The service sector employs about half of Nevada's workers. Liberal divorce laws made Reno ""the divorce capital of the world"" for many years, but similar laws enacted in other states ended this distinction. Much of Nevada (almost 80% of whose land is federally owned) is given over to military and related use. Nellis Air Force Base and the Nevada Test Site have been the scene of much nuclear and aircraft testing; Yucca Mountain is slated to be the primary depository for U.S. nuclear waste."

 

 

 

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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.

 

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"

Rodriguez Truck & Haul have been operating their business since the mid 1980s. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the boom times from 2002 to 2007 Rodriguez Truck & Haul was the mastermind of a top-rated accounts receivable in the trucking industry. Very few customers were behind on their bills, and those customers who were late turned in their overdue payments within an acceptable time frame. Cash was flowing and times were good for all.But a short year later, in the fall of 2008, when the United States economy took a nosedive and businesses both small and large began to feel the pinch on their pocketbooks, those that used to make their demands had suddenly and largely gone silent. Business slowed down. And worse yet, Rodriguez had noticed during the early part of 2008 that though the bulk of their clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. Spring changed to summer, summer changed to fall, and the CEO of Rodriguez, Anthony Young, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The numbers of clients who owed him back debt were growing.He had already been to the administrators to ask what the actual problem was. Were they doing things different, or wrong, when it came to collecting overdue accounts? By his bookkeepers records, this wasn't the case. Perhaps he was losing his customers to his competitor, who seemed to offer very low prices with no guarantee of quality or performance, and these clients who were in debt to his company had possibly disappeared leaving him stranded. They could not afford to pay him their debt, but they could afford a lesser service, maybe. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. The had just gone!.To Anthony Young 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. In the evenings he would discuss his concerns with his wife, Laura, and still find no relief from the worry and frustration.

 

""I have a bad feeling, Lin,"" he'd sadly say to his wife.""What could you do differently?"" she would say.Anthony would stare off into the distance, and then slowly close his eyes. He could see the fleet of trucks he had purchased over the years. He could see them on the road, delivering good to all his loyal customers. But somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. What on earth was happening to create the death of his business?""I think I know what it could be,"" said Anthony. ""I've relied too long on the profits I receive from invoices alone. For too long I've been allowing our clients to let their accounts become overdue."" Laura would look at her husband lovingly, and holding his hand would say 'it is such a harsh economy these days and our clients must be having difficulty meeting their responsibilities'.""Anthony 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 following day Anthony walked into his office with a spring in his step, determined to call each and every client who owed money to Rodriguez Truck & Haul. This wasn't really a very efficient way for a Chief Executive to spend his day, and Anthony 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. 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 Anthony 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 Nancyerley knocked at his door.

 

""Can I have a word with you Anthony?"" she asked standing in the doorway.

 

""Sure thing Nancy, come on in."" Anthony leaned back in his chair and looked expectantly at Nancyerely.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Anthony."" She opened up a folder she had been carrying and pulled out a small wad of papers, placing them on the desk in front of him.""Have you ever heard of factoring?"" 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.""Anthony interrupted ""Immediately?"".""Immediately, yes"" she added, ""In a nutshell, it is pretty easy. We can have an expert account manager review our numbers and help us complete a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It provides a very broad view.""I see,� Anthony said. �And then what?""Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.

 

This company tells us what the cost will be to purchase factoring for our accounts receivable. Once we arrive at a mutual agreement, the funding begins.�Anthony was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""I do not know, Nancy - it just sounds too good to be true"", Anthony said quietly.""Yes, I know; that's exactly what I thought at the beginning. But think about it, Anthony: they've guaranteed that experts will do all the paperwork, and that will free us up to do what we should be doing - focusing on our customers in good standing, and that kind of stuff. They appear to be very flexible, Anthony,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked Anthony.""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,"" Anthony said.Anthony took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Exactly�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Anthony 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 Rodriguez. Just because they were experiencing difficulties paying their own bills now, Anthony 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 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.""Well, let me think about this tonight Nancy, thank you."" Nancy stood up and left Anthony's office, with the nice feeling of knowing that she may just have solved a very serious problem.Anthony stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. He wondered if there might be other problems freight factoring could help Rodriguez Truck & Haul with? With his pencil gliding down the sheet he noticed that the factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. In fact, Rodriguez could receive up to fifty-percent cash advances upon load pick-ups. Anthony was a typical business man: he despised binding contracts that did not allow room to breathe, so he was pleasantly surprised to see that the factoring company did not require a long term contract, that there was no minimum volume required, and that there were no sign-up fees.""Well, I'll have to tell Samuel about this,"" muttered Anthony to himself.His son-in-law Samuel had liked the idea of Rodriguez 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. Anthony knew then what struggles Samuel would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Rodriguez was hurting, a little guy like Samuel was about to catch his death. But, an antidote may have been found in freight factoring and Anthony was soon to find out.A few short months later, after completing the application process, having the legal experts review his credit history, accounts receivable, and statements, finally Anthony 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. Anthony recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. Had he missed the boat on this one, he probably wouldn't be in business today.

 

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More Trucking Factoring Companies Story Articles

"

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

 

Keith�s father had started as an owner-operator and had grown Murphy 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 Keith's mother had jumped into the cab at times to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. But now things were different: the company was in Keith's hands and he needed to ensure that this business would be left in great shape for his sons.

 

There just never seemed to be enough money to go around, and certainly no spare cash, but to move his company successfully into the future he needed a steady and reliable cash flow. 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. Every time he had to turn down a request, Murphy Trucking looked weak in a very strong market.

 

His father would have told him to wait and to take his time adding on new technology. Keith chuckled, thinking about his father. He remembered when his father was totally against installing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� 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. He knew his father's days were long gone and new technology was very important for the business, like having Qualcomm to reduce communication time for bills of lading.

 

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

 

But was factoring the answer? 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.

 

Keith 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. 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. 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. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It sounded like a great scheme to him.

 

For Keith it was quite a relief to be dealing with the factoring company. They were extremely helpful and more personable than the bank staff. 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. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Keith 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 Murphy 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.

 

Keith 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 Murphy 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.

 

"

 

 

 

 

Factored Invoices

 

Short Term Business Loans

 

Watch Our Factoring Video For More Information

 

 

 

 

 

 

 

Trucking Factoring  Articles

"

�So It is not a loan?� Kenneth Griffin asked as he leaned back in his chair, crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she said.Kenneth Griffin 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 Guy. He named his business Allen Trucking, named after Darrell and Aaron, his two grandfathers. They had both been hardworking men, and had done a lot to make Kenneth the same.Disaster had struck half a year ago, when two trucks in Guy�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. Kenneth depended on his full fleet, and missing two trucks was devastating . In addition, he just did not have the available cash to buy a new truck, plus repair the other one.Paying of bills in the trucking industry is always a major cause for concern for businesses.

 

Waiting a month or longer for bills to be paid was quite normal. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Kenneth wasn�t a bad owner, and he hadn�t messed up. 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. Her name was Ramona and she worked for a factoring company. He had accidentally come across her company one night when he was working late, searching the internet to see if there was some solution to his financial dilemma.Ramona explained. �It�s not a loan, we purchase your accounts receivable. We aren�t giving you money to be paid back later, we�re buying something from you, and you can buy it back when you can. That way we�re protected from a complete loss, but you�re protected from the outrageous fees you would find in a loan from the bank.Kenneth nodded. It sounded perfect - perhaps too good?.Ramona 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.�Ramona nodded. �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. Sometimes you need help. That�s what we�re here for.""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,� Ramona said with a smile. �Let�s see what we can do to help you.�And with that they set about making a profile.

 

Kenneth filled the form out, with Ramona available to help him if he needed it. The completed profile gave Ramona and her company all the information they needed on Guy'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 businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. Listening as Kenneth filled out his form, Ramona was pretty sure he was a perfect candidate for factoring.When the form was done Ramona took it and slid it into her briefcase. She then stood, reached across the desk and shook Guy�s hand. He also stood up, and they smiled at each other. They said their goodbyes and Kenneth 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 leaned back and closed his eyes. He felt so drained: he had been flailing helplessly for so long, he just knew his business was going to collapse and probably take him with it. But now, after speaking to Ramona and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He relaxed into his chair, running his hand through his thick black hair with its telling streaks of grey.All those long, sleepless nights. The terrifying panic attacks that occurred regardless of where he was. Already he could feel all the stress start to drain away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was 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 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 long and hard, and then he decided to sell the restaurant. He took six months off, and during that time he decided to create Allen Trucking. So he did it. For the second time in his short life he created a company from the ground up. He had been successful.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was about to turn fifty. He didn�t think he had it in him, to save this company. But he couldn�t give up. Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically sick some nights. He 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. Guy's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.

 

"

 

 

 

More Trucking Factoring Company Story Articles

The key reasons why Trucking Firms Employ Factoring Companies.

 

As the operator of your own business enterprise, you may likely be much more than knowledgeable already of the difficulty in making certain that capital concerns do not become a predicament down the line. After all, the most unfortunate thing that can possibly take place for your company is to find yourself dragged in a long and difficult circumstance that leaves you forever looking for the cash you necessitate on an recurring manner.

 

For any type of business in this circumstance, the problem can come for waiting for work to lapse and actually be provided into your balance. Invoices, checks, and the like could take some time to actually to beprocessed which can easily leave you with momentary capital difficulties. Thankfully, there are approaches out there for businesses to look into-- and just one of these is factoring firms.

 

Factoring agencies will, in substitution for your accounts, give you with the cash right now to ensure you do not have to worry about the waiting period which could make paying out the expenses and getting materialsmore tough. With this style of system, invoice factoring can end up being incredibly practical for lots of establishments who ought to get out of a money lure which they have found themselves in.

 

Simply because, basing on the scale of the task, it can take up to 60 days for some establishments to get paid then it is necessary to blanket your own back and not leave yourself funds short to pay off the monthly bills. After all, how many firms have two months profits just lying there to address all their bills till they make money?

 

This is especially correct of trucking enterprises. They generally deal with lots of invoices which means a serious quantity of collection time involves company owner themselves. Making an effort to get paid out promptly can develop into an unbelievable inconvenience and this is the reason why you use trucking factoring agencies who are thrilled to help out truckers mainly.

 

As we all determine, trucking is an surprisingly massive field with a lot of companies out there utilizing hundreds of drivers. However, several of these drivers land up in finances problems for the reason that they are still waiting on work from six weeks back to actually compensate them. When this is the case for a truck organization, turning to factoring firms for solutions may be the most recommended alternative left.

 

This signifies that a trucking firm can provide the wages of the people, keep all the cars filled with fuel and continue to scale, evolve and expand without consistently waiting for the income which is taking too long to come in. Trucking Enterprises operating without a factoring system implemented are leaving themselves at considerable hazard, as rivals cash out quickly and continue to develop.

 

There's honestly nothing to be distressed about when it comes to using a Factoring contractor-- they are not like a financial institution or someone who is going to leave you with a huge mass of personal debt to repay. You give them legitimate invoices from work you have already finished , you are merely speeding the repayment system.

 

In the Usa, where truck companies develop, factoring enterprises are not considered getting a loan in any capacity. This confidential contract then lets both groups to profit and take joy in a good future-- it gives the factoring provider a warranted asset of earnings to add to the list and it offers the trucking business the required finances that they sweated to gain.

 

The trucking company bestows their statements to the factoring agency. The trucking factoring company then receive the payment amounts from the trucking company's clients. Factoring has been all around for centuries and has been employed for long times by several various markets-- but none more so than truckers. While you may well lose out on a small part of the money, something like 1-3 % depending on who you deal with, it implies that you are acquiring the resources today and can actually start off setting the resources to perform.

 

Anyway, an IOU or an invoice is absolutely not going to fund expenditures, is it? For trucking agencies when the resources can be fantastic one day and gone the next, it is up to the vehicle drivers to work prudently and to guarantee they are leaving themselves with a considerable quantity of time and finance to get through the week until they are paid once again.

 

So the next moment your trucking enterprise is bearing some short-term capital dilemmas and you are putting in a bit too much time chasing slow paying clienteles, why not start taking into consideration making use of a factoring companies as a means to get your finances and give yourself a more comfortable future in the eyes of your trucking team and your bank dividend?

 

 

 

 

 

 

"

Traditional Bank Loans

 

Bank loans are an extremely traditional way for a business to get financing. 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.

 

Trucking Factoring Companies

 

Trucking Factoring companies do not offer loans, and you do not go into debt when you get money from a Trucking Factoring company. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 80%-95%. The amount of finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to sell. Once you have set up Trucking Factoring account it continues as long as you wish it too and the amount of money available to you even can grow as your business grows, giving you the ready cash you need to meet your own obligations.

 

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. You will not Incur Debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating will not be affected. Should the unforeseeable happen and your business fails, you will not have to worry about anyone coming after your personal as well as your business assets to pay off a loan. The debt goes onto your credit report with a bank loan, with only one missed payment adversely affecting your business credit: it would also affect your ability to secure insurance, and may reflect on your personal credit rating as well.

 

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

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The most important benefits is that once you sell your accounts receivable to the factory company, you do not have to take time away from running your business to collect the money owed from reluctant to pay customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

Another bonus is that, because the Trucking Factoring company has evaluated the quality of your customers' credit before buying the accounts receivable, you learn valuable information regarding your customers, like which ones are likely to pay, and which ones are less likely to pay.A Trucking Factoring company is not the only method of gaining access to finance for the running and growing of your business, however it does offer a financing option well worth considering.

 

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