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How to Enhance Cash Flow Without Borrowing -Cash Money flow is one of the primary reasons companies fail.

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Your Company could have been aware of freight invoice factoring but you might not know exactly what it is or more notably what it can possibly do for your business. Trucking Factoring also referred to as accounts receivable financing is a kind of asset based financing that will boost a business' short-term cash needs. It is not a loan; no debt is taken on by Receivable Loan Funding ,and the financing is unconstrained. Receivable Factoring Companies in Factoring Receivables Companies Factoring Companies at Factoring- giving accounts recievable financing deals tennessee-factoring-companies

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Factoring companies will, in exchange for your statements, offer you with the cash now to ensure that you don't need to fret about the delaying duration which could make paying the bills and purchasing toolsmore difficult. With this sort of setup, invoice factoring can come to be exceptionally beneficial for lots of enterprises who need to get out of a cash lure which they have found themselves in.

 

 

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This is most especially correct of trucking establishments. They usually handle numbers of accounts which means a notable volume of collection time involves company owner themselves. Trying to get compensated in time can turn into an incredible trouble and this is the key reasons why you utilize truck factoring agencies who are happy to help out truckers particularly.

 

 



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Factoring companies will, in exchange for your statements, offer you with the cash now to ensure that you don't need to fret about the delaying duration which could make paying the bills and purchasing toolsmore difficult. With this sort of setup, invoice factoring can come to be exceptionally beneficial for lots of enterprises who need to get out of a cash lure which they have found themselves in.

 

 



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At one time or another, every company, even successful ones, have experienced bad money flow.
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Cash flow does not have to be a problem any more. Do not be fooled -- banks are not the only places you can get funding. Other solutions are offered and you do not have to borrow. Exactly what is truck factoring ? One option is called truck factoring. Trucking Factoring is the procedure of selling accounts receivable to a financier rather than waiting to gather the money from the client. Oh, the Irony- Trucking factoring has a paradoxical distinction: It is the monetary backbone of many of America's most successful businesses. Why is this paradoxical ? Since receivable financing is not taught in business colleges, is rarely mentioned in company plans and is relatively unidentified to the majority of most of American company people.

Yet it is a monetary process that releases up billions of dollars every year, enabling thousands of companies to grow and succeed. Factoring has actually been around for countless years. Receivable Loan Funding Companies are investors who pay money for the right to get the future payments on your invoices. An unpaid receivable or invoice has value. It is a debt your customer has actually agreed pay in the near future. Factoring Principals--Although factoring offers solely with business-to-business deals, a big portion of the retail business utilizes a factoring principal. MasterCard, Visa, and American Express all utilize a form of factoring in their retail deals. Utilizing the purest definition of the word, these big customer finance companies are really simply large Accounts Receivable Factoring Businesses of customer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The shop gets paid almost immediately, even though you do not pay up until you are prepared.

For this service, the credit card business charges Sears a fee (typical common normal charges vary from two to four percent of the sale). The Benefits Receivable Loan Funding can provide numerous benefits to cash-hungry business. Rather than wait 30, 60, 90 days or longer for payment on an item that has currently been provided, a company can factor (sell) its receivables for money at a small price cut off the amount of the invoice. Payroll, advertising efforts, and working capital are simply a few of the company needs that can be met with instant  money.

Invoice Factoring offers the means for a manufacturer to replenish inventory and make even more items to offer: There is no longer a need to wait for earlier sales to be paid. Receivable Loan Financing is not just a money management device for manufacturers: Practically any type company can take advantage of Receivable Funding. Generally, a company that extends credit will have 10 to 20 percent of its annual sales tied up in invoices at any given time. Think for a minute about how much is bound in 60 days' worth of invoices: You can not pay the power bill or today s payroll with a customer s invoice, however you can sell that invoice for the money to meet those responsibilities. Using trucking factoring companies is a quick and simple procedure. The factoring company purchases the invoice at a price cut, typically a couple of portion points less than the stated value of the invoice.

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Although Tennessee is now primarily industrial, with most of its people residing in urban areas, many Tennesseans still derive their livelihood from the land. The state's leading crops are cotton, soybeans, and tobacco; cattle, dairy products, and hogs are also principal farm commodities. Tennessee's leading mineral, in dollar value, is stone; zinc ranks second (Tennessee leads the nation in its production). Industry is being continually diversified; the state's leading manufactures are chemicals and related products, foods, electrical machinery, primary metals, automobiles, textiles and apparel, and stone, clay, and glass items. Aluminum production has been important since World War I. Tennessee has long been a major tourist destination, owing largely to its beautiful scenery. Many lakes were built here by the Tennessee Valley Authority (TVA) and the Army Corps of Engineers. The TVA also developed the Land Between the Lakes, an enormous Kentucky-Tennessee recreation area. Visitors are also drawn by Tennessee's famed music capitals, the country-music mecca of Nashville and the blues and jazz hub of Memphis

 

 

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The American Transportation Organization
specifies that there around
195,000 workers with transportation
businesses and
276,000 personal providers trucking
companies licensed to
run in the U.S. that transported,
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items, supplies and
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: 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

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Memphis is a city in the southwestern corner of the State of Tennessee and the county seat of Shelby County. The city is located on the fourth Chickasaw Bluff, south of the couence of the Wolf and Mississippi rivers.Memphis had a population of 653,450 in 2013, making it the largest city in the state of Tennessee, the largest city on the Mississippi River, the third largest in the Southeastern United States, and the 20th largest in the United States. The greater Memphis metropolitan area, including adjacent counties in Mississippi and Arkansas, had a 2010 population of 1,316,100. This makes Memphis the second-largest metropolitan area in Tennessee, surpassed only by metropolitan Nashville. Memphis is the youngest of Tennessee's major cities. A resident of Memphis is referred to as a Memphian, and the Memphis region is known, particularly to media outlets, as ""Memphis & the Mid-South"".The city's central location has led to much of its business development. Located on the Mississippi River and intersected by five major freight railroads and two Interstate Highways, I-40 and I-55, Memphis is ideally located for commerce in the transportation and shipping industry. A third interstate, I-69, is under construction, and a fourth, I-22, has recently been designated from the former High Priority Corridor X. River barges are unloaded onto trucks and trains. The city is home to Memphis International Airport, the world's second busiest cargo airport (following Hong Kong), which serves as a primary hub for Express shipping.

 

Nashville is the capital of the U.S. state of Tennessee and the county seat of Davidson County. Nashville is the second largest city in Tennessee, after Memphis, and is the fifth largest city in the Southeastern United States. It is located on the Cumberland River in the north-central part of the state. The city is a center for the music, healthcare, publishing, banking and transportation industries, and is home to a large number of colleges and universities. Reflecting the city's position in state government, Nashville is home to the Tennessee Supreme Court's courthouse for Middle Tennessee. It is known as a center of the music industry, earning it the nickname ""Music City"".Nashville has a consolidated city�county government which includes six smaller municipalities in a two-tier system. As of the 2010 census the population of Nashville, not including the semi-independent municipalities, stood at 601,222. The population of Davidson County as a whole, including all municipalities, was 626,681. The 2010 population of the entire 13-county Nashville metropolitan area was 1,589,934, making it the largest Metropolitan Statistical Area in the state. The 2010 population of the Nashville-Davidson�Murfreesboro�Columbia combined statistical area, a larger trade area, was 1,670,890.As the ""home of country music"", Nashville has become a major music recording and production center. All of the Big Four record labels, as well as numerous independent labels, have offices in Nashville, mostly in the Music Row area. Nashville has been home to the headquarters of guitar company son since 1984. Since the 1960s, Nashville has been the second-largest music production center (after New York) in the U.S. As of 2006, Nashville's music industry is estimated to have a total economic impact of US$6.4 billion per year and to contribute 19,000 jobs to the Nashville area.

 

Knoxville is a city in the U.S. state of Tennessee, and the county seat of Knox County. The city had an estimated population of 183,270 in 2013, and a population of 178,874 as of the 2010 census, making it the state's third largest city. Knoxville is the principal city of the Knoxville Metropolitan Statistical Area, which, in 2013, had an estimated population of 852,715. The KMSA is, in turn, the central component of the Knoxville-Sevierville-La Follette Combined Statistical Area, which, in 2013, had a population of 1,096,961.First settled in 1786, Knoxville was the first capital of Tennessee. The city struggled with geographic isolation throughout the early 19th century, though the arrival of the railroad in 1855 led to an economic boom. During the Civil War, the city was bitterly divided over the secession issue, and was occupied alternately by both Confederate and Union armies. Following the war, Knoxville grew rapidly as a major wholesaling and manufacturing center. The city's economy stagnated after the 1920s as the manufacturing sector collapsed, the Downtown area declined, and city leaders became entrenched in highly partisan political fights. Hosting the 1982 World's Fair helped reinvigorate the city, and revitalization initiatives by city leaders and private developers have had major successes in spurring growth in the city, especially the downtown area.Knoxville is the home of the flagship campus of the University of Tennessee, whose sports teams, called the ""Volunteers"" or ""Vols,"" are extremely popular in the surrounding area. Knoxville is also home to the headquarters of the Tennessee Valley Authority, as well as the Tennessee Supreme Court's courthouse for East Tennessee and corporate headquarters of several national and regional companies. As one of the largest cities in the Appalachian region, Knoxville has positioned itself in recent years as a repository of Appalachian culture, and is one of the gateways to the Great Smoky Mountains National Park.After the arrival of the railroads in the 1850s, Knoxville grew to become a major wholesaling and manufacturing center. Following the collapse of the city's textile industry in the 1950s, Knoxville's economy grew more diversified. In 2011, 15.9% of the Knoxville Metropolitan Statistical Area's (MSA) work force was employed by government entities, while 14.1% were employed in the professional service sector, 14% worked in education or health care, 12.7% were employed in the retail sector, 10.5% worked in leisure and hospitality, and 8.9% worked in the manufacturing sector. The region had an unemployment rate of 7.9% in 2011.

 

Chattanooga is the fourth-largest city in the U.S. state of Tennessee, with a population of 167,674 as of the 2010 census, and an estimated population of 171,279 in 2012. It is the seat of Hamilton County. Located in southeastern Tennessee in East Tennessee, on Chickamauga Lake and Nickajack Lake, which are both part of the Tennessee River, Chattanooga lies approximately 120 miles (190 km) to the northwest of Atlanta, Georgia, 120 miles (190 km) to the southwest of Knoxville, Tennessee, about 135 miles (217 km) to the southeast of Nashville, Tennessee, about 120 miles (190 km) to the northeast of Huntsville, Alabama, and about 148 miles (238 km) to the northeast of Birmingham, Alabama. Chattanooga abuts the Georgia border and is where three major interstate highways meet: I-24, I-75, and I-59.The city, which has a downtown elevation of approximately 680 feet (210 m), lies at the transition between the ridge-and-valley portion of the Appalachian Mountains and the Cumberland Plateau. The city is therefore surrounded by various mountains and ridges. The official nickname for Chattanooga is the Scenic City, being reinforced by the city's growing national reputation as a haven for numerous outdoor activities. Several unofficial nicknames include River City, Chatt, Nooga, Chattown, and Gig City, demonstrating Chattanooga's claims that it has the fastest internet service in the Western Hemisphere.Chattanooga is internationally known for the 1941 gold record song ""Chattanooga Choo Choo,"" by Glenn Miller and his orchestra.Chattanooga is home to the University of Tennessee at Chattanooga (UTC) and Chattanooga State Community College.A unique distinction for Chattanooga is the fact that the city has its own typeface, Chatype, which was launched in August 2012. This marks the first time that an American city has its own typeface and also the first time a crowd-funded custom-made typeface has been used for any municipality in the world.Chattanooga has received numerous awards over the decades, including the prestigious All-America City Award in 1962 and being recognized as a Tree City USA community since 1990.Chattanooga's economy includes a diversified and growing mix of manufacturing and service industries.

 

Clarksville is a city in and the county seat of Montgomery County, Tennessee, and the fifth-largest city in the state behind Memphis, Nashville, Knoxville, and Chattanooga, respectively. The city had a population of 132,957 at the 2010 census, and an estimated population of 142,519 in 2012. Clarksville is the fifth-fastest growing city in the nation, of cities with a population over 50,000.It is the principal central city of the Clarksville, TN-KY metropolitan statistical area, which consists of Montgomery and Stewart counties, Tennessee; and Christian and Trigg counties, Kentucky. It is second-fastest-growing Metropolitan Statistical Area (MSA) in the nation.[citation needed]The city was incorporated in 1785 as Tennessee's first incorporated city, and named for General George Rogers Clark, frontier fighter and Revolutionary War hero, and brother of William Clark of the Lewis and Clark Expedition.Clarksville is the home of Austin Peay State University; The Leaf-Chronicle, the oldest newspaper in Tennessee; and neighbor to the Fort Campbell, United States Army base. Site of the 101st Airborne Division (Air Assault), Fort Campbell is located approximately ten miles (16 km) from downtown Clarksville, straddling the Tennessee-Kentucky state line. It is officially Fort Campbell, Kentucky as the base U.S. Post Office is on the Kentucky side of the post. The majority of the acreage of Fort Campbell is within the state of Tennessee.Major industrial employers in Clarksville include:

 

Murfreesboro is a city in and the county seat of Rutherford County, Tennessee. The population was 108,755 according to the 2010 census, up from 68,816 residents certified during the 2000 census. The city is the center of population of Tennessee and is part of the Nashville metropolitan area, which includes thirteen counties and a population of 1,757,912 (2013). It is Tennessee's fastest growing major city and one of the fastest growing cities in the country. Murfreesboro is also home to Middle Tennessee State University, the largest undergraduate university in the state of Tennessee, with an undergraduate population of 22,299 and 25,188 total students as of 2009[update].In 2006, Murfreesboro was ranked by Money as the 84th best place to live in the United States, out of 745 cities with a population over 50,000.According to Murfreesboro's 2012 Comprehensive Annual Financial Report,[56] the top employers in the city are:

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Jackson is the county seat of Madison County, Tennessee. Its total population was 65,211 at the 2010 census. Jackson is the primary city of the Jackson, Tennessee metropolitan area, which is included in the Jackson-Humboldt, Tennessee Combined Statistical Area. Jackson is Madison County's largest city. It is home to the Tennessee Supreme Court's courthouse for West Tennessee.Jackson was the seventh largest city in Tennessee until 2013, when Franklin surpassed Jackson in population. Jackson is now eighth.

 

Johnson City is a city in Carter, Sullivan, and Washington counties in the U.S. state of Tennessee, with most of the city being in Washington County. The 2013 population for Johnson City was 65,123 by the United States Census, making it the ninth-largest city in the state.Johnson City is ranked the #14 ""Best Small Place for Business and Careers"" in the USA by Forbes, Kiplinger ranked Johnson City #5 in ""The 10 Least-Expensive Cities For Living in the U.S.A."", stating the low cost of living is attributed to affordable homes and below-average utility, transportation and health-care costs.Johnson City is the principal city of the Johnson City Metropolitan Statistical Area, a metropolitan area that covers Carter, Unicoi, and Washington counties and which had a combined population of 200,966 as of 2013. The Johnson City MSA is a component of the Johnson City�Kingsport�Bristol, TN-VA Combined Statistical Area � commonly known as the ""Tri-Cities"" region. The Tri-Cities is the fifth largest CSA in Tennessee with an estimated 500,538 people in residence.Johnson City is an economic hub largely fueled by East Tennessee State University and the medical ""Med-Tech"" corridor, anchored by the Johnson City Medical Center, Franklin Woods Community Hospital, Saratoga Technologies, Inc., ETSU's Gatton College of Pharmacy and ETSU's Quillen College of Medicine.

 

Franklin is a city in and county seat of Williamson County, Tennessee, United States. It is south of Nashville, and is one of the principal cities of the Nashville metropolitan area. As of the 2010 Census, the city had a total population of 62,487 and according to 2013 estimates the population is 68,886 showing an increase of 6,399.Spring, cor, headquarters are based in Franklin.

 

Bartlett is a city in Shelby County, Tennessee, United States, located northeast of Memphis, and is part of the Memphis metropolitan area. The population was 54,613 at the 2010 U.S. Census.[3]

 

1901[1] Named for William Henderson (early settler) Government � Mayor Scott Foster Area � Total 31.37 sq mi (85.2 km2) � Land 27.3 sq mi (70.8 km2) � Water 5.6 sq mi (14.4 km2) Elevation 482 ft (147 m) Population (2013)Estimate � Total 54,068 � Density 1,637.6/sq mi (573.9/km2) Time zone Central (CST) (UTC-6) � Summer (DST) CDT (UTC-5) ZIP codes 37075, 37077 Area code(s) 615 FIPS code 47-33280 GNIS feature ID 1287389[3] Website http://www.hvilletn.org Hendersonville is a city in Sumner County, Tennessee, on Old Hickory Lake. The population was 51,372 at the 2010 census and 54,068 according 2013 estimates. Hendersonville is part of the Nashville Metropolitan Statistical Area and is located 18 miles northeast of downtown Nashville. The city was settled around 1784 by Daniel Smith, and is named for William Henderson. In 2009 Hendersonville was named as one of the ten best cities for families by Family Circle Magazine.Rhoades Car has its national headquarters in Hendersonville. It is the home of the Indian Lake Village business, shopping, residence, and recreation complex.

 

Kingsport is a city in Sullivan, Hawkins and Washington counties in the State of Tennessee. The population according to the 2010 census is 48,205.[1]Kingsport is the largest city in the Kingsport�Bristol�Bristol, TN-VA Metropolitan Statistical Area (MSA), which had a population of 309,544 as of 2010. The Metropolitan Statistical Area is a component of the Johnson City�Kingsport�Bristol, TN-VA Combined Statistical Area � commonly known as the ""Tri-Cities"" region. Census data from 2006�2008 for the Tri-Cities Combined Statistical Area estimates a population of 496,454.Kingsport is commonly included in what is known as the Mountain Empire, which spans a portion of Southwest Virginia and the mountainous counties in Tennessee to the east. The name ""Kingsport"" is a simplification of ""King's Port"", originally referring to the area on the Holston River known as King's Boat Yard, the head of navigation for the Tennessee Valley.

 

Collierville is a town in Shelby County, Tennessee, United States, and a suburb located in the Memphis metropolitan area. The town had a population of 43,965 at the 2010 census.Collierville is a town of large houses and considerable retail expansion. Smaller, older houses are still found in the heart of Collierville, mainly between Byhalia Road and Collierville-Arlington on the east and west and Shelton and Highway 72 on the north and south. Some industry, notably Pepsi and Carrier, still dots the areas located south of Poplar Avenue.Collierville is home to the Avenue at Carriage Crossing, an 800,000+ sq ft shopping center which opened in October 2005. Baptist Hospital, Collierville, serves the medical needs of the town's residents. Collierville will soon become part of the Interstate 69 highway plan integrating Bill Morris Parkway (SR 385) as part of this USDOT project linking Canada and Mexico with the United States.Collierville was chosen as one of Relocate-America's Top 100 Places to Live in 2008. In 2014, Collierville's historic town square was ranked by Parade Magazine as the ""Best Main Street"" in America.Job growth from 2000 to 2006 was 12.06%.[17]

 

Cleveland is a city in Bradley County, Tennessee, United States. The population was 41,285 at the 2010 census. It is the county seat and largest city in Bradley County, and the principal city of the Cleveland, Tennessee metropolitan area (consisting of Bradley County and neighboring Polk County), which is included in the Chattanooga-Cleveland-Dalton combined statistical area. Cleveland is the fourteenth largest city in Tennessee and the fifth-largest industrially with twelve Fortune 500 manufacturers.Industry is responsible for the majority of the city's income. According to the Chamber of Commerce,[28] Cleveland is the fifth largest city in Tennessee industrially. Cleveland is home to several industries, including household cooking equipment, foodstuff, textiles, furniture, storage batteries, pharmaceuticals, industrial cleaning products, photographic processing, industrial and domestic chemicals, and automotive parts. Tourism also plays a major part, with many nearby attractions and yearly events.

 

Smyrna is a town in Rutherford County, Tennessee. Smyrna's population was 39,974 at the 2010 census and 43,063 in 2013. In 2007, U.S. News & World Report listed Smyrna as one of the best places in the United States to retire.Prior to their dissolution, RegionsAir (formerly Corporate Airlines) and Capitol Air were headquartered in Smyrna. Smyrna will also serve as the US production site for the Nissan Leaf. Nissan's goal is that the plant in Smyrna will eventually produce 150,000 cars, and 200,000 electric car batteries per year.[16]

 

Germantown is a city in Shelby County, Tennessee. The population was 38,844 at the 2010 census.[3]Germantown is a suburb of Memphis, bordering it to the east-southeast. Germantown's economy is dominated by the retail and commercial service sectors; there is no heavy industry in Germantown. In the city center is the ""Old Germantown"" neighborhood, anchored by a railroad depot (a 1948 reproduction of the 1868 original) and railroad tracks that recall the community's earliest days of development as an outpost along the Memphis and Charleston Railroad.The city hosts many horse shows and competitions annually, most notably the Germantown Charity Horse Show in June. Other major annual events include the Germantown Festival, an arts and crafts fair, in early September.Germantown is known for having some of the most restrictive sign ordinances in the country,[citation needed] excellent fire and police services and well-maintained parks. In addition, Germantown is one of only 29 cities in the nation that maintains a triple-A Bond rating from both Moody's and Standard & Poor's.[citation needed] On November 27, 1994, an F3 tornado tore through eastern portions of Germantown, resulting in at least two fatalities, including at least one in one home where several families had gathered for a reunion.

 

City Brentwood, Tennessee Town HallMotto: Ardens Fide Location of Brentwood, Tennessee Brentwood is a city and an affluent suburb of Nashville located in Williamson County, Tennessee. The population was 39,012 in 2012 and 40,021 in 2013. It is known for its rolling hills as well as being one of the wealthiest cities in America relative to the average cost of living.Maryland Farms is an upscale suburban office park in Brentwood with almost 5,000,000 square feet (500,000 m2) of office space. It is the site of several national headquarters.[citation needed]

 

Columbia is a city in and the county seat[3] of Maury County, Tennessee, United States.The population was 34,681 at the 2010 census and in 2013 the population was 35,558.The town is notable for being the self-proclaimed ""Mule capital of the world"" and honors this with Mule Day, a large celebration held annually in April. Columbia and Maury County are acknowledged as the ""Antebellum Homes Capital of Tennessee"", with more pre-civil war homes than any other county in the state. Columbia is also the home of the national headquarters for the Sons of Confederate Veterans.

 

La Vergne (/l?'v?rn/ l?-VURN) is a city in Rutherford County, Tennessee. The population was 32,588 at the 2010 census and 34,077 in 2013. La Vergne lies within the Nashville Metropolitan Statistical Area. La Vergne hosts one of two United States printing plants for the multinational publishing company Lightning Source and serves as the company's headquarters.The top employers in the city are:

 

Cookeville is a city in Putnam County, Tennessee, United States. Its population at the 2010 census was 30,435. It is the county seat of Putnam County and home to Tennessee Technological University. It is recognized as one of the country's micropolitan areas, smaller cities which nevertheless function as significant economic hubs. Of the twenty micropolitan areas in Tennessee, Cookeville is the largest; the Cookeville micropolitan area's 2010 Census population was 106,042.Source: Tennessee Department of Labor and FDIC

 

Gallatin is a city in and the county seat of Sumner County, Tennessee.[3] The population was 30,678 at the 2010 census and 32,307 in 2013.[1] Named for U.S. Secretary of the Treasury Albert Gallatin, the city was established and made the county seat of Sumner County in 1802.[citation needed]Several national companies have facilities or headquarters in Gallatin, including Gap, Inc., RR Donnelley, and Servpro Industries, Inc. Gallatin was formerly the headquarters of Dot Records. The city is also home to Volunteer State Community College, a two-year college with more than 70 degree programs.As of May 2007, the unemployment rate in Sumner County was 3.8%, which is 0.7% below the national rate of 4.5%. The total number of workers in the county was 79,620.

 

Oak Ridge is a city in Anderson and Roane counties in the eastern part of the U.S. state of Tennessee, about 25 miles (40 km) west of Knoxville. Oak Ridge's population was 29,330 at the 2010 census. It is part of the Knoxville Metropolitan Area. Oak Ridge's nicknames include the Atomic City, the Secret City, the Ridge, and the City Behind the Fence.Oak Ridge was established in 1942 as a production site for the Manhattan Project�the massive American, British, and Canadian operation that developed the atomic bomb. Scientific development still plays a crucial role in the city's economy and culture in general.Department of Energy owns the federal sites and maintains a major office in the city. Oak Ridge National Laboratory is the largest multipurpose lab in the Department of Energy's National Laboratory system. It is home to the Spallation Neutron Source, a 1.4 billion dollar project completed in 2006, and ""Jaguar"", one of the world's most powerful scientific supercomputers, which has peak performance of more than one quadrillion operations per second.

 

Morristown is a city in and the county seat of Hamblen County, Tennessee, United States. The population was 29,137 at the 2010 United States Census. It is the principal city of the Morristown, Tennessee Metropolitan Statistical Area, which encompasses all of Grainger, Hamblen, and Jefferson counties. The Morristown metropolitan area is also a part of the Knoxville-Sevierville-La Follette Combined Statistical Area.

 

Spring Hill is a city in Maury and Williamson counties, Tennessee, located approximately 30 miles (48 km) south of Nashville. Spring Hill's population as of 2013 was 32,576.Spring Hill was the site of the Corporation production facility, which operated from 1990 to 2007. The Series, ON, and UE were produced there. In 2007, Motors Corporation (GM), the parent company of Saturn, shut down the facility to retool it for production of other M vehicles and renamed it Spring Hill Manufacturing. The plant reopened in February 2008 and became the assembly point for the new erse. However, after a battle among plants in Spring Hill, Orion Township, Michigan and Janesville, Wisconsin, GM announced on June 26, 2009 that they had chosen to build a new small car in Orion Township. Nearly 2,500 Spring Hill auto workers were faced with lay-off, buy-out and early retirement. The vehicle assembly part of the Spring Hill plant was idled in late 2009 when production of the Traverse was moved to Lansing, Michigan, while production of power trains and metal stamping continued. In November 2011, GM announced plans for retooling of the vehicle assembly portion of the plant for use as an ""ultra-flexible"" plant which will initially be used to build the Equinox and Terrain but will be designed for rapid retooling to other vehicles of similar size.[16]

 

Maryville is a city in and the county seat of Blount County, Tennessee, in the southeastern United States. Maryville's population was 27,258 at the 2010 census. It is included in the Knoxville Metropolitan Area.Maryville has received a number of accolades for its quality of life. Maryville is a short distance from popular tourist destinations such as the Great Smoky Mountains National Park, Dollywood, Gatlinburg, and Pigeon Forge.According to Maryville's 2011 Comprehensive Annual Financial Report,[17] the top employers in the area were:

 

Bristol is a city in Sullivan County, Tennessee, United States. The population was 26,702 at the 2010 census. It is the twin city of Bristol, Virginia, which lies directly across the state line between Tennessee and Virginia. The boundary between the two cities is that of the States, which runs along State Street in their common downtown district. Bristol is a principal city of the Kingsport-Bristol-Bristol, TN-VA Metropolitan Statistical Area, which is a component of the Johnson City-Kingsport-Bristol, TN-VA Combined Statistical Area - commonly known as the ""Tri-Cities"" region.Bristol is probably best known for being the site of some of the first commercial recordings of country music, showcasing Jimmie Rodgers and the Carter Family, and later a favorite venue of the mountain musician Uncle Charlie Osborne. The U.S. Congress recognized Bristol as the ""Birthplace of Country Music"" in 1998. Bristol is the birthplace of Tennessee Ernie Ford.Bristol is the site of Bristol Motor Speedway, a NASCAR short track, that normally sells out more than 160,000 seats twice annually, but attendance has come up short in recent years.

 

Lebanon /'l?bn?n/ is a city in and the county seat of Wi"

Tennessee Cities

Tennessee

Memphis

 

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Receivable loan company Calculator
This calculator will show you how much you will make by using our receivable loan company . But, as your about to discover, you will certainly notice the increased cash flow that will occur when you use our receivable loan company
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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.

 

If you're like most drivers, you're looking for a better company in trucking that might be offering the best jobs in terms of pay, freight, and hometime ' not to mention benefits or a sign on bonus. We've got all of our clients listed based on the states where they're hiring, so you can quickly find the best job in your home state. You'll see the very best nationwide trucking companies that have positions available.

 

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.

 

If you're like most drivers, you're looking for a better company in trucking that might be offering the best jobs in terms of pay, freight, and hometime ' not to mention benefits or a sign on bonus. We've got all of our clients listed based on the states where they're hiring, so you can quickly find the best job in your home state. You'll see the very best nationwide trucking companies that have positions available.

 

If you're like most drivers, you're looking for a better company in trucking that might be offering the best jobs in terms of pay, freight, and hometime ' not to mention benefits or a sign on bonus. We've got all of our clients listed based on the states where they're hiring, so you can quickly find the best job in your home state. You'll see the very best nationwide trucking companies that have positions available.

 

 

 

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How To Get Financing and Make a Profit From It

 

"

�So It is not a loan?� asked Jerome Turner, reclining back into his chair and crossing his legs. The woman sitting across the desk from Jerome smiled at him, shaking her head.�No, not exactly,� she said.Jerome Turner owned a small trucking company, and his business had recently fallen on difficult times. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Shane. His company was called Alvarez Trucking, named after both of his grandfathers, Ernest and Julian. Both of these men had been very hardworking and had set a great example for Shane.Six months ago disaster struck Shane's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. The financial security of Shane's company relied on his full fleet on fifteen being on the road, and missing two trucks was just devastating . Furthermore, buying a whole new truck and fixing the other simply took more cash than Jerome had on hand.Paying of bills in the trucking industry is always a major cause for concern for businesses.

 

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.Jerome was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.And that's why he found himself across the desk from this woman. Jerome knew she was employed by a Factoring company and that her name was Anna. Jerome had come across her company as he sat in his office late one night, pouring over the internet for some solution to his problem long after his employees had gone home.Anna 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.Jerome agreed. It sounded good to him, almost too good.Anna 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.�Anna 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. Sometimes you need help. That's why we do what we do.""Well, I'm very grateful that you came to see me today.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� said Anna with a smile. �Let�s see what we can do to help you.�And right there and then they created a business profile. Jerome filled the form out, with Anna available to help him if he needed it. The profile filled Anna and her company in on Shane�s company, and would help them determine if he was 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 Jerome filled out his form, Anna was pretty sure he was a perfect candidate for factoring.Anna took the completed form and placed it in her briefcase. Standing up, she reached over the desk and shook Shane's hand. He stood before they shook as well, and then smiled. They said their goodbyes and Jerome 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 Anna 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 sudden panic attacks, not matter where he was. He could feel it all fading away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was still here; he knew this was the right path for him, and he felt proud that he had taken the appropriate steps to sort out his problems.Jerome couldn�t help but think back to when he had first started the business. At twenty-two and straight out of school he had opened a restaurant. It had been successful. Home cooking in his hometown, and he had done very well.But it wasn't what he really wanted to do. He wasn't passionate about the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took six months off, and during that time he decided to create Alvarez Trucking. And that's exactly what he did. For the second time in his short life he created a company from the ground up. He had been successful.And then the trucks went down, and his success looked to be in flux. He was nearing fifty. He didn�t think he had it in him, to save this company. But he couldn�t give up. 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. Shane'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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Factoring Trucking Receivables

 

"

Hanson Truck & Haul have been operating their business since the mid 1980s. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the heady times from 2002 to 2007, Hanson was a top rated accounts receivable mastermind of the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. Cash was flowing and times were good for all.But a short year later, in the fall of 2008, when the United States economy took a nosedive and businesses both small and large began to feel the pinch on their pocketbooks, those that used to make their demands had suddenly and largely gone silent. Business slowed down. Worse still, it was noticed by Hanson 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 Hanson, Lonnie Porter, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The number of clients who were late in their payments was continuing to grow.He had already been to the administrators to ask what the actual problem was. Were they doing something wrong or different when it came to reaching out to delinquent accounts? By his bookkeepers records, this wasn't the case. Perhaps he was losing his customers to his competitor, who seemed to offer very low prices with no guarantee of quality or performance, and these clients who were in debt to his company had possibly disappeared leaving him stranded. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Hanson hadn't gone elsewhere. They had just gone home.This current state-of-affairs was causing Lonnie Porter to have some very restless nights. He had employees to pay, goods to ship, trucks to maintain and overhead that was almost unbearable when compared against the lack of funds that were coming in. At night he would speak to his wife Viola and shake his head in frustration.

 

""Lin, I have a really bad feeling,"" he'd sadly say to his wife.""What could you do differently?"" she would ask.Lonnie would stare off for a moment and then close eyes. In his mind he could clearly see the fleet of trucks purchased over the many years. He could see them traveling, bringing goods to all of his clients. But somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. Why couldn�t he work out how to resolve this financial problem with his business?""I think I know what it could be,"" Lonnie said. ""For way too long I've been relying solely on profits received from invoices. For too long I've been allowing our clients to let their accounts become overdue."" Viola 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'.""Viola was trying so hard to support her husband in these worrying times, while Lonnie was weighed down with the worry of how he was going to handle this situation he found himself in.The next day Lonnie strolled into his office and was determined to sit down and make every phone call to every client who had owed Hanson money. This wasn't really a very efficient way for a Chief Executive to spend his day, and Lonnie 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. Wasting money, wasting time - even with the best of intentions, Lonnie knew that he was in trouble.

 

Poor Lonnie 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.

 

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

 

""Sure thing Dawn, come on in."" Lonnie relaxed back into his chair and looked up at Dawnerley.""Well Lonnie, this afternoon I did some research, trying to work out how we are going to get out of this mess."" She opened up a folder she had been carrying and pulled out a small wad of papers, placing them on the desk in front of him.""Have you ever heard the word factoring?"" she asked.""It sounds vaguely familiar. What is factoring""? he asked.She began, ""Well, it is really very simple. So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Lonnie interrupted ""Immediately?"".""Yes, immediately,"" she continued, ""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,� Lonnie said. �And then what?""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. There�s a lot of flexibility depending on the business volume and credit histories. This company tells us what the cost will be to purchase factoring for our accounts receivable. Once we arrive at a mutual agreement, the funding begins.�Lonnie was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""I do not know, Dawn - it just sounds too good to be true"", Lonnie said quietly.""Now, now, I know, I thought the same thing. But think about it, Lonnie: 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. And they're flexible Lonnie,"" she underlined a paragraph on the paper before him.""How flexible?"" asked Lonnie.""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. it is imperative that we keep the business rolling as usual, and every day we go unpaid we are getting closer and closer to dealing with some serious issues in both the short term and the long term,"" Lonnie said.Lonnie 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.""Lonnie took a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Hanson Truck & Haul were professional resources of the company, but they were also long-standing friends. Just because they were experiencing difficulties paying their own bills now, Lonnie was very concerned about losing these relationships. Lonnie knew only too well that the whole economy was floundering, and that it was not going to change overnight. That unknown amount of time could create a disaster situation for both of them if he wasn't careful in how these debtors were handled. He did not want to lose business but he also did not want to lose any more money.""Well, let me think about this tonight Dawn, thank you."" Dawn nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Lonnie keep the shirt on his back, and possibly hers too.Lonnie stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. What other issues could freight factoring help Hanson with? Running his pencil down the sheet, he noted that the freight factoring company could assist with fuel costs, fuel advances, and fuel discount cards. In fact, Hanson could receive up to fifty-percent cash advances upon load pick-ups. Lonnie 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 Willard about this,"" muttered Lonnie to himself.Willard is Lonnie's son-in-law, and he really admired the ideas behind Hanson, so much so that only two years before he had started his own transportation service business. Lonnie knew then what struggles Willard would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Hanson was hurting, a little guy like Willard was about to catch his death. Perhaps the antidote to these problems was in freight factoring, and they were about 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 Lonnie 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. Lonnie recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. He probably wouldn't be in business today had he not learned just in time about freight factoring.

 

"

 

 

 

 

 

 

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Transportation Factoring Trucking

 

Precisely why Truck Firms Use Factoring Companies.

 

As the operator of your own establishment, you may be more than mindful already of the difficulty in making sure that cash flow concerns do not become a difficulty down the line. Anyway, the most awful thing that can potentially come about for your establishment is to find yourself swept up in a long and tough circumstance that leaves you forever searching for the finances you need on an continuous basis.

 

For pretty much any enterprise in this position, the issue can come for waiting for work to lapse and actually be paid into your bank account. Statements, checks, and the like can take a long time to actually to be taken care of which can easily leave you with temporary capital problems. Thankfully, there are approaches out there for companies to explore-- and one of these is factoring providers.

 

Factoring providers will, in trade for your invoices, give you with the cash right now in order that you do not have to stress over the lingering time frame that could make paying the expenses and acquiring toolsmore difficult. With this kind of system, invoice factoring can become extraordinarily useful for countless enterprises who ought to avoid a cash ploy which they have discovered themselves in.

 

For the reason that, relying on the scale of the task, it can take up to 60 days for several firms to get paid out then it is necessary to blanket your own back and certainly not leave yourself money short to pay the costs. After all, how many companies possess two months revenue just lying there to cover all their overheads till they make money?

 

This is most especially correct of truck companies. They usually manage good deals of accounts which means a notable quantity of collection period demands business owner themselves. Making an effort to get compensated promptly can turn into an amazing difficulty and this is the reason why you make use of trucking factoring agencies who are delighted to help out truckers mainly.

 

As all of us determine, trucking is an astonishingly large market with many companies out there hiring hundreds of vehicle drivers. Regrettably, quite a few of these drivers land up in finances troubles since they are still waiting on work from six weeks in the past to actually pay them. When this is the circumstance for a truck agency, consulting factoring companies for aid might be the very best choice left.

 

This implies that a trucking corporation can provide the paychecks of the workers, keep all the cars refilled with gas and continue to scale, thrive and expand without always waiting for the cash which is taking too prolonged to come in. Trucking Establishments running without a factoring program established are leaving themselves at significant danger, as contenders cash out promptly and proceed to develop.

 

There's genuinely not a thing to be distressed about when it comes to employing a Factoring business-- they typically are not like a financial institution or a person who is going to leave you with a significant pile of financial debt to repay. You give them genuine invoices from output you have already completed , you are only just accelerating the repayment system.

 

In the United States, where trucking agencies thrive, factoring enterprises are not considered accepting loan of in any capacity. This confidential contract then permits both parties to benefit and delight in a worry-free future-- it provides the factoring business a secured resource of revenue to put into the list and it gives the trucking company the needed funds that they worked hard to generate.

 

The trucking establishment provides their accounts to the factoring enterprise. The trucking factoring business then acquire the payments from the trucking company's clients. Factoring has been in existence for hundreds of years and has been used for long times by numerous varied business sectors-- but none much more so than truckers. While you might miss out on a small part of the money, something like 1-3 % depending on who you partner with, it indicates that you are acquiring the money today and can actually start off putting the cash to work.

 

Once and for all, an IOU or an invoice is not actually going to finance overheads, is it? For trucking agencies when the income can be really good one day and gone the next, it is up to the vehicle drivers to work smartly and to make certain they are leaving themselves with a considerable volume of time and money to get through the week till they are compensated again.

 

So the next moment your trucking establishment is enduring some momentary cash flow concerns and you are investing way too much time chasing slow paying customers, why not start looking at making use of a factoring businesses as a way to get your money and give yourself a more pleasant future in the eyes of your trucking workers and your bank dividend?

 

 

 

 

 

 

 

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Trucking Factoring Companies Reviews

 

"

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

 

Darryl�s father had started as an owner-operator and had grown Reid Trucking Company into a fifteen trailer fleet over forty years. There had been some hard times when it seemed everything was going to go under and even Darryl�s mother strapped herself into a cab 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 Darryl�s hands and he wanted to live to see it in better shape for his sons.

 

To move Reid Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. His employees needed to be paid. 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, Reid 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. Darryl chuckled, thinking about his father. His father had been against placing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� He smiled to himself as he remembered his father poking fun at the other drivers who switched to automatic, even though automatic was quite obviously more efficient (though less manly). His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.

 

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

 

But was factoring the answer? If he was being honest, he did not really understand how it all worked. It sounded like a ninth grade math problem and he wondered how this would fit into the trucking business. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. 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.

 

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

 

But it turned out to be quite easy. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He didn�t mind signing an exclusive contract. In fact, he was quite pleased with the idea of a long-term contract because he knew this was a one-off and he would not have to keep going back and forth to different companies. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. Many companies offered a non-recourse factoring program that suited him just fine. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It was good money.

 

It was really refreshing dealing with the factoring people. They were extremely helpful and more personable than the bank staff. It seemed as though those bank people spoke another language, but these factoring guys knew the trucking business and spoke to him like a client, not like a beggar for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. Factoring was based on the credit of his customers and on their reliability which worked well for Darryl because he and his father had built up good strong relationships over decades with their list of clients. So he knew they would understand when the factoring company contacted them for the invoices. His clients would not have any problems, nor would they think poorly of Reid Trucking, because the factoring companies handle themselves in such a polite and professional manner, similar to the way his father had managed the business in the past.

 

Darryl 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. With the capabilities of this new cash flow, Darryl could actually expand Reid Trucking Company further across the country and perhaps even go international into Canada. 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.

 

"

 

 

 

 

 

 

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Date Published- 2014- 02-14 Factoring Trucking Industry

 

"

Traditional Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. These loans can be a life-saver, but they're not always available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Once the loan is paid off, you can then apply for another loan if the need arises.

 

Trucking Factoring Companies

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. 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 money you can receive is based on the amount of money you have earned and the accounts receivable you are willing to �sell.� Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

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. You will not Incur Debt. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. 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. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.

 

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

 

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

 

4.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, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The main benefit is that once you've sold your accounts receivable to the Trucking Factoring company, you are free from having to collect money owed by your customers. The Trucking Factoring company takes over that chore, since it is now their money to collect. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.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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Traditional Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. These loans can be a life-saver, but they're not always available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Once the loan is paid off, you can then apply for another loan if the need arises.

 

Trucking Factoring Companies

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. 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 money you can receive is based on the amount of money you have earned and the accounts receivable you are willing to �sell.� Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

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. You will not Incur Debt. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. 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. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.

 

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

 

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

 

4.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, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The main benefit is that once you've sold your accounts receivable to the Trucking Factoring company, you are free from having to collect money owed by your customers. The Trucking Factoring company takes over that chore, since it is now their money to collect. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.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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Average Factoring Rates

 

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