Best Moreno Valley Trucking Factoring Companies| Why Some Companies Profits Explode| at ogdenphoto.com

Best Moreno Valley Trucking Factoring Companies Company Articles

Best Moreno Valley Trucking Factoring Companies and More City Links

Watch our Receivables Factoring Company Video below to see how we work for you.

Factoring History

Factoring History

Welcome to factoring. Whether you own a business, look forward to building one or are looking for new financial tools for your current employer, Factoring can help you reach your financial goals. Factoring has the ironic distinction of being the financial backbone of many of America's most successful businesess.

Why ironic? Because factoring is not taught in business colleges, seldom mentioned in business plans and is relatively unknown to the majority of American business people, yet it is a financial process that frees up billions of dollars every year, enabling thousands of businesses to grow and prosper.

Factoring is the process of purchasing commercial accounts receivable(invoices) from a business at a discount. Business practices today dictate that in order to get business you, as a provider of goods and services, must extend terms to your customers.

These terms can squeeze the life(and cash is the lifeblood of any business) out of a new or struggling company.

Factoring has a long and rich tradition, dating back 4,000 years to the days of Hammurabi. Hammurabi was the king of Mesopotamia, which gets credit as the "cradle of civilization." In addition to many other things, the Mesopotamians first developed writing, put structure into business code and government regulation, and came up with the concept of factoring.

After a while, Hammurabi and the Mesopotamians went the way of extinct civilizations, but factoring endured. Almost every civilization that valued commerce has practiced some form of factoring, including the Romans who were the first to sell actual promissory note at a discount.

The first widespread, documented use of factoring occurred in the American colonies before the revolution. During this time, cotton, furs and timber were shipped from the colonies. Merchant bankers in London and other parts of Europe advanced funds to the colonists for these raw materials, before they reached the continent. This enabled the colonists to continue to harvest their new land, free from the burden of waiting to be paid by their European customers.

Recognize that these were not banking relationships as they exist today. If the colonists had been forced to use modern banking services in eighteenth century England, the process would have been much slower. The banks would have waited to collect from the European buyers of the raw materials before paying the seller of these goods, the colonists. (And at that point, who needed the bank?) This was not practical for anyone involved. So, just as today, the "factors" of colonial times made advances against the accounts receivable of clients, enabling the clients to continue with their operations, long before they had been paid for what they were sold.

With the advent of the Industrial Revolution, factoring became more focused on the issue of credit, although the basic premise remained the same. By assisting clients in determining the creditworthiness of their customers and setting credit limits, factors could actually guarantee payment for approved customers.

This is known as factoring without recourse(or non-recourse factoring)and is quite common in business today. Prior to the 1930's, factoring in this country occurred primarily in the textile and garment industries, as the industries were direct descendants of the colonial economy that used factoring so specifically. after the war years, factors saw the potential to bring factoring to other forms of invoice-based business and the expansion began.

Today, factors exist in all shapes and sizes: as divisions of large financial institutions or, inlarger numbers, as individually owned and operated entreprenurial endeavors. Many of these private factors sprung up in record numbers as interest rates rose to new heights in the 60's and 70's. This trend intensified in the 80's, primarily due to the increasing impact of interest rates and changes in the banking industry. With banks becoming too expensive and too inflexible due to heavy regulation(remember the Savings and Loan crisis?), the small businessperson was forced to find other sources of financing for expansion and growth. As more and more banks stop befriending the small bussinesperson, factoring is becoming an increasingy popular option.

This year alone thousands of businesses will sell billions of dollars in accounts receivable, and they are doing it for profit, growth, and in some cases , their very survival.

How Factoring Works

The First Step:
The Client application

You begin by filling out a simple client profile, which we will provide you. Please click here for profile. This profile will cover basics such as your company's name and address, the nature of your business, and information about your customers.

You may need to supply an accounts receivable aging report, existing customers' credit limits, or other related documents. Remember the factor will attempt to determine the creditworthiness of your customers independent of their credit history with your business. We want a broader view of their overall credit status.

During this initial stage you will also cover basic financial arrangements with the factor. For instance, what will be the monthly volume of invoices you want to factor(i.e. how liquid do you need to be)? What will the advance rate and the discount rate be? How quickly will the factor issue the advance to you?

In most cases, the answers to these questions will vary depending on the financial strength of your customer(s) and the anticipated monthly sales volume to be factored. Variations between industries, length of time in operation, and general reputation of how risky a customer of yours may be. For instance, a long list of high-risk clients will cost you more in factoring fees than a short list of government agencies with a slow-pay history.

In the factoring business, volume is all important. The higher your volume(the dollar amount of invoices you factor), the more favorable your rates will be.

The factor will use the client profile you submit to determine if your business is suitable for factoring. This process is simply the factor analyzing the risks versus the rewards, using the information you provided.

Once approved, you can expect to negotiate terms and conditions. The negotiation process takes several aspects of the deal into consideration. For instance, if you want to factor $10,000, you can't expect as good a deal as a company that wants to factor $500,000.

During the negotiation process, you will become well aware of what it costs to factor your accounts receivable. After you reach an agreement with the factor, the funding wheels begin to roll. The factor conducts due diligence by researching y our customers' credit and any liens placed against your company. The factor also confirms the legitimacy of your invoice before buying your receivables and advancing cash to you.

Why Factoring?

Why Factoring is Necessary

"A sale is not a sale until you collect the money"

Are you a part-time banker for your customers??

Take a look at your accounts receivable aging schedule and count the number of accounts over 30 days.Congratulations, you are extending credit to those customers. You are not getting paid for delivering your end of the deal in a timely manner and as a result you are providing the use of your money to your customer for free. Not exactly the business you thought you were getting into, is it?

Ask yourself this question:

If those customers of yours went to a bank, borrowed the same amount of time, would they expect to pay a substantial amount of interest for the privilege? Of course they would!

And consider this:

Not only are you receiving no interest on that money, but most importantly,you are also losing the use of that money while you are waiting for your customer to pay you. What is the cost of not having this money available? In essence, your customers are asking you to finance their business by extending terms and allowing them to pay in 30 days (and usually longer, right?).

But what is it costing you in "missed opportunities" when your money is tied up in your accounts receivable?

Is Invoice Factoring For You?

The key to knowing if factoring is for you is to not to look only at the bottom-line factoring fee, but also to consider how your company may increase it's profits through factoring. Here is additional information on factoring to help you with your decision.

How are invoice factoring fees and advance rates determined

It is based on several factors:

The creditworthiness of your clients

Your monthly billing volume

Average invoice size

Average days to payment

Fees can range from 2-5 % of the invoice's face value.

For example if the invoice's value is $1,000; a fee of 3% equals $30.

What is an advance?

The amount of money you receive immediately when we buy your invoice. The balance is returned to you when your customer pays the invoice. Advances range from 60-95% of the invoice's face value.

For example if the invoice's value is $1,000 an advance rate of 80% equals $800. The balance of $200 less the factoring fee is returned to you when your customer pays the invoice.

Comparing Bank Lending Rates to Factoring?

When compared to bank lending rates, factoring initially appears to be very expensive. Here are five typical questions/concerns that are raised by potential factoring clients

Wow! 3 points per month!

That's 36 percent year! (Rates range from 1.5- 3 points) It is tempting to annualize the numbers, but that is an "apples and oranges" comparison.Banks loan money at an annualized interest rate, 12 percent per year for example. We purchase your receivables at a discount. The products are different and there are other inconsistencies to this inappropriate comparison

The bank provides the money only one time, the day that you receive the loan; we provide money continuously. As an example, consider a bank loan for $100,000 at 12 percent. You receive the $100,000 just one time and then pay $1,000 interest per month interest and you still owe the $100,000. Or the bank could provide you with a line of credit that you use only when you need the money but the bank is charging you for that privilege and if you need to increase your line you need to go through the qualifying process all over again.

When you factor $100,000 each month for a year you have the use of $1.2 million (12 x $100,000) over the year. Unlike a bank loan where you have just $100,000 one time. Assuming a 3 point discount, the fees over the year will be 12 x $3,000 or $36,000, which is still 3 percent of $1.2 million. And at the end of the year you have no debt!

I'm only making 3% profit, how can I pay you 3 points?

A company making only 3% net profit can do more business volume as a result of factoring, and the larger volume will result in a higher profit margin because fixed costs do not increase with volume. The added business at a higher marginal profit leads to an increased overall profit margin. As the volume increases, the cost of production decreases, so that profits increase. Fixed costs i.e., rent, electric, insurance, etc., increase very little or not at all with volume. An increase in business will not affect rent. Electric bills may rise slightly. Workers compensation insurance may rise slightly. These costs do not increase as do direct production costs.

Let's graphically do the math assuming you can double your sales Without Factoring

Monthly Gross Sales-$50,000
Cost of Goods Sold-$30,000 60% of Gross Sales
Monthly Gross Profit-$20,000-40% of Gross Sales
Fixed Expenses-$10,000
Variable Expenses-$8,500-17% of Gross sales
Factoring Fee-N/A
Total Expenses-$18,500-37% of Gross Sales
Monthly Net Profit-$1,500-3% of Gross Sales

With Factoring

Monthly Gross Sales-$100,000
Cost of Goods Sold-$60,000-60% of Gross Sales
Monthly Gross Profit-$40,000-40% of Gross Sales
Fixed Expenses-$10,000
Variable Expenses-$17,000-17% of Gross Sales
Factoring Fee-$3,000-3% Fee
Total Expenses-$30,000-30% of Gross Sales
Monthly Net Profit-$10,000-10% of Gross

But I only get 80% of my money upfront!

(Advances typically range from 80%-97%) Let's assume an advance rate of 80%. Let's also assume that you begin factoring in January. You have factored $100,000, we pay you $80,000 of that money upfront, with the remaining money making up the fee (3%) of $3,000 and the reserve (17%) of $17,000.

Now in February, you once again factor $100,000 and receive $80,000. However. you also receive your January reserve of $17,000(assuming your customer pay in 30 days). So for February, you actually receive 97% of your money, instead of 80%. In the second month and going forward you are basically receiving 97% of your cash flow.

But what if my customers take longer than 30 days to pay?

You have several options, Assume your client takes 60 days to pay you bill your client in the normal fashion and simply allow 30 days to go by prior to factoring that invoice. That way you pay the 30 day fee. Another way is to factor your faster customers first for the cash you need.

Credit Risk

Quick Continuous Cash Yes!

You Also Get Our Credit Risk Expertise at No Additional Fee

Accurately assessing credit risk is really the essential part of our factoring business. Few, if any, business clients can perform this function as objectively as we will.

For no additional fee, we act as your credit department for new and existing customers. This provides you with a huge advantage over in-house performance of these functions.

Consider the scenario where a salesperson has a new account with a potential for large purchases. The salesperson wants the business-so much so that he or she may overlook red flags associated with credit difficulties. The salesperson may even walk the account through your own internal credit checking procedures, in order to side step established controls. While this may get you the sale, it won't get the money, and with no money, there is no sale.

This will not happen with us. We make credit decisions with full knowledge of the new customer's credit situation. We will not buy the invoices of a poorly-rated customer and risk nonpayment. But don't look upon our participation as a tightening of credit to the extent that your business will be affected in a way that is beyond your control.

If you have a new customer with questionable creditworthiness, the decision to do business with that person is still yours. (However, we will reserve the right to say "I told you so!")

We may not buy those invoices, but you are still free to extend credit terms as you see fit. You remain in control Whatever decisions are made, you can be assured that, because of the factor's participation,you will be making decisions and extending credit based on more complete, objective and higher quality information than you have in the past.

We will fully research new clients and, equally important, we will routinely check the credit ratings of your existing customers. This contrasts greatly with most businesses, where routine credit updates are seldom run on the established customer base. This is potentially a huge mistake.

When a business does opt to do a credit check, it is usually too late and the problem is already out of hand. On the other hand, we will inform you immediately if there is a change in the credit status of one of your existing customers.

In addition to the specific customer credit information that we provide, you will have the benefits of comprehensive, detailed reports on your accounts receivables as a whole. As a part of the process you will receive accounting, transactional details, aging reports and financial management reports that allow you to incorporate this data into your own sales tracking, account history and in-depth analysis

We have more than 70 years of successful cash flow and credit management experience we would love to put to work for you.

Switching Factoring Companies

Everything you need to know about changing factoring companies.

Looking for a new factoring company?
Unhappy with your current factor?
Thinking of leaving your factoring company?
What do I need to know if I want to change factoring companies?

Here are the answers to these questions and more:

What is a UCC and how does it apply to me wanting to change factoring companies?

It is standard industry practice for a factoring company to file a blanket Uniform Commercial Code (UCC) to secure the factor's first position security interest on the invoices funded.

The UCC is a way for factoring companies, banks and commercial lenders to keep straight who is lending on what assets. Because receivables change on daily basis as new invoices collect and old invoices are paid, factors must file what is called a 'blanket' UCC filing collateralizing all of your receivables even though you may only be factoring a portion of your sales. It's simply impossible for factors to file a new UCC for each invoice funded. The UCC is simply a flag for other lenders who chose to run a search indicating a Security Agreement exists between your company and the factoring company.

The details of your particular factoring arrangement, such as rates and which accounts are factored, are outlined in the Security Agreement itself which is not public not. A UCC is similar to a first mortgage on your business.

The Buyout Process

The lender with the oldest dated UCC filing is said to be in 'First Position' on the pledged collateral. For example, a factor has first rights to collect payments on your invoices and all the related surrounding instruments.

Factoring companies do not take a second position because the lender in first position could legally take the check right out of the hands of the second position factor at any time and have every legal right to do so. It's a similar concept to ensuring you get the pink slip when purchasing a vehicle. You wouldn't want to have someone come along one day, unannounced and take the vehicle you thought you owned and have every legal right to do so!

To change factoring companies the old factor must be paid off by the new factor. Simultaneously the old factor's lien is released and the factor's lien is filed which is similar to refinancing your home.

A 'buyout' is the practice where the new factoring company pays off the old factoring company using proceeds from your first funding. The Buyout Agreement outlines the transition process and is a three party agreement signed by the old factoring company, new factoring company and your company. In the Buyout Agreement you approve the 'buyout figure' provided by the old factoring company.

How is the Buyout Figure Calculated:

The buyout figure is generally calculated by taking the Gross Receivables Outstanding subtracting any reserves and then adding in fees due to the old factoring company. If not automatically provided, it's best to ask for a breakdown as to how your figure was calculated. This way you can be sure you understand if any early termination fees or other fees on top of your usual factoring charges have been included.

It's important to understand the buyout figure because once you authorize that amount the old factor is paid off you have released any recourse to old factor. From that point forward you are only dealing with the new factor.

If you are going from a factoring agreement with an 80% advance rate to a 90% advance rate it's possible there will be enough proceeds to payoff the old factor without your having to come up with additional invoices.

How much does the buyout cost?

If you are able to submit brand new invoices to the new factoring company which they can use to payoff the outstanding invoices at your old factor then there would be no additional cost to you to make the change. Then, as the payments come in on the old invoices outstanding from the old factor, as part of the buyout agreement, those payments are forwarded to the new factor who would turn around and forward those to you as non-factored at no cost.

That is an ideal situation however, to come up with the payoff figure most companies need to resubmit at least a portion of invoices already factored with the old factor to the new factor. If that is the case, the invoices part of the 'overlap' will incur factoring fees from both factors.

Therefore, depending on your fee structure your factoring fees the first month of the change could be higher than normal. If you'll be getting a lower rate from your new factoring company you can calculate how many months it will take you to recoup that expense and run a cost benefit analysis.

Depending on the size of the transaction, some factoring companies offer reduced fees on invoices part of a buyout. You also want to make sure you give the proper notice of intent to terminate to your old factor (if required) to avoid any early termination fees to leave their contract early (refer to the Security Agreement Section titled 'termination or early termination.'

How long does a buyout take?

When you are changing factoring companies it's best to plan on the first funding taking a two to three more days than the normal factoring application setup process. The added days will be needed at the time of invoice verification and just before funding as buyout figures are calculated and sent to you for your approval.

It's not uncommon for buyout figures to change because fees continue to accrue and invoices collect so it's sometimes necessary to get updated buyout figure at the very last minute. By aligning yourself with a factoring company familiar with the buyout process they can guide you through timing to minimize any delays in your funding as a result of the transition. This is especially critical if you have weekly payroll to meet and cannot spare a few days delay in funding.

What if my situation is not that easy? Although it is not common industry practice, it's possible the old factoring company and the new factoring company can work together via an Intercreditor or Subordination Agreement until the old factor is paid off.

Depending on the circumstances, factors have been able to 'draw a line in the sand' where the old factor has rights to invoices up to a certain date and the new factor has rights to all invoices after that date.

Questions you wish you had asked before you signed up with your current factor:

How many factoring companies can I use at one time? By the way, the universal answer is one (per the Uniform Commercial Code/UCC).

If I decide I want to change factoring companies how much notice will I need to give?

What is the penalty if I want to leave without giving the required notice and please provide an example of how the fees would be calculated. Caution: be on the look out for 12 month factoring contracts where requiring a certain factoring volume per month.

For example, a 12 month contract where you've agreed to factor $100,000 per month at a rate of 2% means you promise to pay them $2,000 per month in factoring fees or $24,000 in total factoring fees over the next year.

If you want to leave after 6 months they will charge you the fees you would owe them for the remaining 6 months in the contract which in this example equals $12,000. That is cost prohibitive for most companies especially trucking companies working on very low profit margins. You're stuck!

Even worse, the trucking industry in specific is very volatile and it's hard to know how many trucks you will have running for you over the course of the next year. Can you imagine committing to factor $100,000 per month and then having some unexpected circumstance require you to let go half of your owner operators yet you still have to pay the factor $2,000 per month regardless of how many trucks you are running?

Do you use a bank lock box to post my customer payments?

If so, how many days does it take for one of my customer's payments to post to my account from the date the bank receives my customers check? This process has been known to artificially inflate the invoice turn and therefore increase your factoring fees.

How many days do you hold my original invoices before mailing them out to my customers?

The answer should be same day. Invoices are cash and should not be left sitting around. Not to mention, this is another way to artificially inflate the invoice turn and increase the factors fees. How many different people will I work with at your company? Some factoring companies have either a lot of turnover or operate call centers where you start with a new representative every time you call in. Other factors offer dedicated account administrators to be your point of contact.

Do I need to pay for postage for you to mail my invoices?
That should be included in the factoring fees.

Do you charge me every time I have a new customer to credit check?
Do you charge me every time I setup a new customer?
Do you 'batch' my invoices and make me pay fees on all the invoices
submitted in a particular batch until the very last invoice in that batch has collected?
Do you start holding reserves once a customer hits 60 days even though I have 90 day recourse?

A little history on the Trucking Industry

The Logistics and Transportation Industry in the United States

The logistics and transportation industry in the United States is highly competitive. By investing in this sector, multinational firms position themselves to better facilitate the flow of goods throughout the largest consumer market in the world.. International and domestic companies in this industry benefit from a highly skilled workforce and relatively low costs and regulatory burdens.

Shipping Port

Spending in the U.S. logistics and transportation industry totaled $1.33 trillion in 2012, and represented 8.5 percent of annual gross domestic product (GDP). Analysts expect industry investment to correlate with growth in the U.S. economy.

A highly integrated supply chain network in the United States links producers and consumers through multiple transportation modes, including air and express delivery services, freight rail, maritime transport, and truck transport. To serve customers efficiently, multinational and domestic firms provide tailored logistics and transportation solutions that ensure coordinated goods movement from origin to end user through each supply chain network segment.

Industry Subsectors

Logistics services: This subsector includes inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply and demand planning, third-party logistics management, and other support services. Logistics services are involved at all levels in the planning and execution of the movement of goods.

Air and express delivery services (EDS): Firms offer expedited, time-sensitive, and end-to-end services for documents, small parcels, and high-value items. EDS firms also provide the export infrastructure for many exporters, particularly small and medium-sized businesses that cannot afford to operate their own supply chain.

Trucking And Factoring

Freight rail: High volumes of heavy cargo and products are transported long distances via the U.S. rail tracking network. Freight rail moves more than 70 percent of the coal, 58 percent of its raw metal ores, and more than 30 percent of its grain for the nation. This subsector accounted for approximately one third of all U.S. exports.

Maritime: This subsector includes carriers, seaports, terminals, and labor involved in the movement of cargo and passengers by water. Water transportation carries about 78 percent of U.S. exports by tonnage, via both foreign-flag and U.S.-flag carriers.

Trucking: Over-the-road transportation of cargo is provided by motor vehicles over short and medium distances. The American Trucking Associations reports that in 2012, trucks moved 9.4 billion tons of freight, or about 68.5 percent of all freight tonnage transported domestically. Motor carriers collected $642 billion in revenues, or about 81 percent of total revenue earned by all domestic transport modes.

Industry Associations:

American Association of Port Authorities
American Society of Transportation and Logistics
American Trucking Associations
Association of American Railroads
Council of Supply Chain Management Professionals
Express Delivery and Logistics Association
Industry Publications:

American Shipper
Journal of Commerce
Material Handling & Logistics
Transport Intelligence
Transport Topics

North American Industry Classification System For Transportation

The Transportation and Warehousing sector includes industries providing transportation of passengers and cargo, warehousing and storage for goods, scenic and sightseeing transportation, and support activities related to modes of transportation. Establishments in these industries use transportation equipment or transportation related facilities as a productive asset. The type of equipment depends on the mode of transportation. The modes of transportation are air, rail, water, road, and pipeline.

The Transportation and Warehousing sector distinguishes three basic types of activities: subsectors for each mode of transportation, a subsector for warehousing and storage, and a subsector for establishments providing support activities for transportation. In addition, there are subsectors for establishments that provide passenger transportation for scenic and sightseeing purposes, postal services, and courier services.

A separate subsector for support activities is established in the sector because, first, support activities for transportation are inherently multimodal, such as freight transportation arrangement, or have multimodal aspects. Secondly, there are production process similarities among the support activity industries.

One of the support activities identified in the support activity subsector is the routine repair and maintenance of transportation equipment (e.g., aircraft at an airport, railroad rolling stock at a railroad terminal, or ships at a harbor or port facility). Such establishments do not perform complete overhauling or rebuilding of transportation equipment (i.e., periodic restoration of transportation equipment to original design specifications) or transportation equipment conversion (i.e., major modification to systems). An establishment that primarily performs factory (or shipyard) overhauls, rebuilding, or conversions of aircraft, railroad rolling stock, or a ship is classified in Subsector 336, Transportation Equipment Manufacturing according to the type of equipment.

Many of the establishments in this sector often operate on networks, with physical facilities, labor forces, and equipment spread over an extensive geographic area.

Truck Transportation

You Can Find More Truck Driver Factoring Information at Factoring Transportation Brokers
and at Freightbills.Org

Industries in the Truck Transportation subsector provide over-the-road transportation of cargo using motor vehicles, such as trucks and tractor trailers. The subsector is subdivided into general freight trucking and specialized freight trucking. This distinction reflects differences in equipment used, type of load carried, scheduling, terminal, and other networking services. General freight transportation establishments handle a wide variety of general commodities, generally palletized, and transported in a container or van trailer. Specialized freight transportation is the transportation of cargo that, because of size, weight, shape, or other inherent characteristics require specialized equipment for transportation.

Each of these industry groups is further subdivided based on distance traveled. Local trucking establishments primarily carry goods within a single metropolitan area and its adjacent nonurban areas. Long distance trucking establishments carry goods between metropolitan areas.

The Specialized Freight Trucking industry group includes a separate industry for Used Household and Office Goods Moving. The household and office goods movers are separated because of the substantial network of establishments that has developed to deal with local and long-distance moving and the associated storage. In this area, the same establishment provides both local and long-distance services, while other specialized freight establishments generally limit their services to either local or long-distance hauling.

General Freight Trucking

This industry group comprises establishments primarily engaged in providing general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized, and transported in a container or van trailer. The establishments of this industry group provide a combination of the following network activities: local pickup, local sorting and terminal operations, line-haul, destination sorting and terminal operations, and local delivery.

General Freight Trucking, Local

This industry comprises establishments primarily engaged in providing local general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Local general freight trucking establishments usually provide trucking within a metropolitan area which may cross state lines. Generally the trips are same-day return.

General Freight Trucking, Long-Distance

This industry comprises establishments primarily engaged in providing long-distance general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Long-distance general freight trucking establishments usually provide trucking between metropolitan areas which may cross North American country borders. Included in this industry are establishments operating as truckload (TL) or less than truckload (LTL) carriers.

General Freight Trucking, Long-Distance, Truckload

This U.S. industry comprises establishments primarily engaged in providing long-distance general freight truckload (TL) trucking. These long-distance general freight truckload carrier establishments provide full truck movement of freight from origin to destination. The shipment of freight on a truck is characterized as a full single load not combined with other shipments.

General Freight Trucking, Long-Distance, Less Than Truckload

This U.S. industry comprises establishments primarily engaged in providing long-distance, general freight, less than truckload (LTL) trucking. LTL carriage is characterized as multiple shipments combined onto a single truck for multiple deliveries within a network. These establishments are generally characterized by the following network activities: local pickup, local sorting and terminal operations, line-haul, destination sorting and terminal operations, and local delivery.

Specialized Freight Trucking

This industry group comprises establishments primarily engaged in providing local or long-distance specialized freight trucking. The establishments of this industry are primarily engaged in the transportation of freight which, because of size, weight, shape, or other inherent characteristics, requires specialized equipment, such as flatbeds, tankers, or refrigerated trailers. This industry includes the transportation of used household, institutional, and commercial furniture and equipment.

Best Freight Factoring Company

Used Household and Office Goods Moving

This industry comprises establishments primarily engaged in providing local or long-distance trucking of used household, used institutional, or used commercial furniture and equipment. Incidental packing and storage activities are often provided by these establishments. Specialized Freight (except Used Goods) Trucking, Local

Specialized Freight (except Used Goods) Trucking, Long-Distance

This industry comprises establishments primarily engaged in providing long-distance specialized trucking. These establishments provide trucking between metropolitan areas that may cross North American country borders.

You Can Find More Truck Driver Factoring Information at GAMEPARTS.ORG
Freight Broker

A freight broker is an individual or company that serves as a liaison between another individual or company that needs shipping services and an authorized motor carrier. Though a freight broker plays an important role in the movement of cargo, the broker doesn't function as a shipper or a carrier. To operate as a freight broker, a business or individual must obtain a license from the Federal Motor Carrier Safety Administration (FMCSA). Freight brokers are required to carry surety bonds as well.

Freight broker services are valuable to both shippers and motor carriers. Freight brokers help shippers find reliable carriers that might otherwise be difficult to locate. They assist motor carriers in filling their trucks and earning money for transporting a wide variety of items. For their efforts, freight brokers earn commissions.

Freight brokers use their knowledge of the shipping industry and technological resources to help shippers and carriers accomplish their goals. Many companies find the services provided by freight brokers indispensable. In fact, some companies hire brokers to coordinate all of their shipping needs.

Often, freight brokers are confused with forwarders. Though a freight forwarder performs some of the same tasks as a freight broker, the two are not the same. A forwarder takes possession of the items being shipped, consolidates smaller shipments, and arranges for the transportation of the consolidated shipments. By contrast, a freight broker never takes possession of items being shipped thus in the absence of negligent entrustment, a freight broker is not normally involved as a party litigant in a cargo claim dispute, although as an accommodation, the freight broker may assist the shipper at their request and expense with filing freight claims.

Freight Forwarding Factoring

NAICS Index Description

Freight Factoring For Brokers

484110 Bulk mail truck transportation, contract, local
484110 Container trucking services, local
484110 General freight trucking, local
484110 Motor freight carrier, general, local
484110 Transfer (trucking) services, general freight, local
484110 Trucking, general freight, local
484121 Bulk mail truck transportation, contract, long-distance (TL)
484121 Container trucking services, long-distance (TL)
484121 General freight trucking, long-distance, truckload (TL)
484121 Motor freight carrier, general, long-distance, truckload (TL)
484121 Trucking, general freight, long-distance, truckload (TL)
484122 General freight trucking, long-distance, less-than-truckload (LTL)
484122 LTL (less-than-truckload) long-distance freight trucking
484122 Motor freight carrier, general, long-distance, less-than-truckload (LTL)
484122 Trucking, general freight, long-distance, less-than-truckload (LTL)
484210 Furniture moving, used
484210 Motor freight carrier, used household goods
484210 Trucking used household, office, or institutional furniture and equipment
484210 Used household and office goods moving
484210 Van lines, moving and storage services
484220 Agricultural products trucking, local
484220 Automobile carrier trucking, local
484220 Boat hauling, truck, local
484220 Bulk liquids trucking, local
484220 Coal hauling, truck, local
484220 Dry bulk trucking (except garbage collection, garbage hauling), local
484220 Dump trucking (e.g., gravel, sand, top soil)
484220 Farm products hauling, local
484220 Flatbed trucking, local
484220 Grain hauling, local
484220 Gravel hauling, local
484220 Livestock trucking, local
484220 Log hauling, local
484220 Milk hauling, local
484220 Mobile home towing services, local
484220 Refrigerated products trucking, local
484220 Rubbish hauling without collection or disposal, truck, local
484220 Sand hauling, local
484220 Tanker trucking (e.g., chemical, juice, milk, petroleum), local
484220 Top-soil hauling, local
484220 Tracked vehicle freight transportation, local
484220 Trucking, specialized freight (except used goods), local
484230 Automobile carrier trucking, long-distance

Freight Factoring Companies For Brokers

484230 Boat hauling, truck, long-distance
484230 Bulk liquids trucking, long-distance
484230 Dry bulk carrier, truck, long-distance
484230 Farm products trucking, long-distance
484230 Flatbed trucking, long-distance
484230 Forest products trucking, long-distance
484230 Grain hauling, long-distance
484230 Gravel hauling, long-distance
484230 Livestock trucking, long-distance
484230 Log hauling, long-distance
484230 Mobile home towing services, long-distance
484230 Radioactive waste hauling, long-distance
484230 Recyclable material hauling, long-distance
484230 Refrigerated products trucking, long-distance

484230 Refuse hauling, long-distance
484230 Rubbish hauling without collection or disposal, truck, long-distance
484230 Sand hauling, long-distance
484230 Tanker trucking (e.g., chemical, juice, milk, petroleum), long-distance
484230 Tracked vehicle freight transportation, long-distance
484230 Trash hauling, long-distance
484230 Trucking, specialized freight (except used goods), long-distance
484230 Waste hauling, hazardous, long-distance
484230 Waste hauling, nonhazardous, long-distance

Back to More Trucking Factoring Companies Information. LEARN MORE ABOUT...Freight Invoice Factoring

Trucking Factoring / Trucking Factoring Trucking Businesses all across the nation depend on Trucking factoring to run and operate their Businesses. Trucking factoring stabilizes your cash flow by giving you immediate cash for your Trucking bills upon load delivery. You don’t have to wait 30 to 60 days for your customers to pay, which enables you to handle more deliveries.

Trucking bill factoring provides a complete financing alternative to negotiating with every single Trucking broker for which you deliver goods. Trucking factoring Businesses handle all your invoices, no matter how many brokers you have. This is especially important for Trucking Businesses that work with a large number of Trucking brokers.

If you operate a Trucking company, and your shipping customers and Trucking brokers have good credit but are slow paying their Trucking bills then you should consider hiring one of the top Trucking factoring Businesses to help you. Not only do you get cash advances, but you often receive other benefits such as fuel cards; fuel discounts; tire and maintenance discount programs, and free Trucking-matching load boards versus paying for loads on boards.

Trucking factoring rates Truck factoring Businesses offer rates as low as 1% for the largest carriers. Owner-operators and truck Businesses with one to five trucks can expect to pay at least 2.5 to 3% for Trucking factoring services, depending on monthly volume and customers. Trucking factoring rates are very competitive.

Trucking advance rates Trucking Businesses enjoy the best advance rates in the factoring industry. Other types of Businesses such as staffing or construction often carry advance rates of 85% or less, but Trucking cash advance rates are often 95% or more. Some Trucking factoring Businesses fully-fund 100% of your Trucking bills, advancing the entire invoice amount less factoring fees.

Non-recourse factoring

Many Trucking factoring Businesses offer the option of non-recourse factoring which is a credit guarantee that protects you from customer non-payment due to credit issues. Non-recourse factoring usually costs more than recourse, but it may give you the peace of mind you need to sleep at night. Recourse and non-recourse factoring pertain only to non-payments resulting from credit issues such as insolvency or bankruptcy. You’re still liable for disputed claims, non-delivered goods or incorrect billing.

How Trucking bill factoring works

Complete the delivery of goods to your customer and send your Trucking bill (or bill of lading) to your Trucking factoring company.

The Trucking factoring company purchases your Trucking bills and sends you cash for up to 100% of the invoice within 24 to 48 hours.

The Trucking factoring company collects payment from your customers and sends you any reserve as final payment.

Truck factoring Businesses advance you cash to keep your trucks on the road, but they also do much more. Trucking factoring Businesses typically provide back office functions such as credit checks on brokers and shippers; invoice generation and submission; receivables processing and accounting; as well as professional collections. These services are extremely helpful to any trucker, whether you are a single owner-operator or a large carrier.

Speed is critical in the Trucking industry, especially when you need to get paid for your deliveries. It’s why the entire Trucking industry depends on Trucking factoring. Whether you’re an independent owner-operator, mid-size fleet, or large carrier, you’ll benefit from Trucking bill factoring for consistent cash flow. Trucking factoring is the fastest way to get paid by your shippers and Trucking brokers, so you can deliver more loads and grow your business.

Factoring Transportation Brokers

Truck Factoring-How to do it right

It’s no secret that your ability to control your cash flow will make or break your Trucking business — whether you’re a solo independent owner/operator or you’re the proud owner of a 50 truck fleet. If buying float time with the creative use of credit cards or going to your banker, hat in hand, to request a business line of credit has all the appeal of a root canal, there is another option available for small Trucking fleets and owner-operator Businesses: Trucking bill factoring. For those of you unfamiliar with the practice, transportation factoring is nothing more than assigning your unpaid Trucking bills to a third party company for less than you would receive if you were to bill your customer and wait for payment. This enables you to get paid more quickly upon completion of a run, giving you faster access to the cash you need for funding your day-to-day operations. Here’s how Trucking factoring works, step-by-step:

1) Once you book your load, you fax or email details about your customer, the load, and your rate confirmation to the factoring service.

2) The factoring service lets you know if your customer is approved for load factoring

3) You pull the load

4) When you’re empty, you fax or mail your Bills of Lading and load-related documents to the factoring company.

5) Later that day (or within 24 hours) the factoring company will initiate a direct deposit to your bank account (which could be 60%-90% of your billing).

6) Once your customer has paid the invoice, you would receive the balance

Transportation invoice factoring isn’t for everyone, but it could provide you with the cash you need to keep your wheels turning and provide some stability to your Trucking business while you wait for your customer to pay their Trucking bill.

Factoring Transportation Brokers

The best option for you is to invoice your customer directly and wait for payment to come in, but many customers are very slow to pay their invoices. If you need the cash right away, working with Trucking factoring Businesses might provide the financial cushion that you need to keep your trucks on the road.

Only you can determine if truck factoring makes sense — and this information should arm you with the knowledge you need to make a wise decision and keep from being victimized by a dishonest transport factoring company that might not have your best interests in mind. —————————-

First, it should be noted that truck factoring is not free. There is a cost involved. It’s up to you as a business owner to make a determination as to whether or not it’s worth the cost — which can vary from as little as 1.5% to as much as about 5% of the line haul revenue.

It’s also important to note that you will likely face paying a number of fees, charges, and other expenses if you utilize the services of a Trucking bill factoring service. In most cases, your net proceeds from assigning your bills of lading to a factoring company will more than likely result in your receiving an advance of 60%-90% of the anticipated revenue (depending upon the factoring service you utilize). The balance would be remitted to you once your customer pays their bill.

Second, all Trucking factoring services are not created equally.

Here are some key questions to ask when considering Trucking factoring Businesses:

Do you provide recourse- or non-recourse-based Trucking factoring services?

The name may seem unfamiliar, but the ramifications to your profitability could be substantial: Recourse-based Trucking factoring means that if your customer fails to pay the factoring service, that you will allow them to come back to you for reimbursement; whereas, non-recourse-based Trucking factoring means that even if the bill doesn’t get paid, you have your money.

Do you require me to let you bill my customer for all future loads I pull for them or can this be done on a load-by-load basis?

While you may have a temporary cash shortfall that you’re trying to cover by utilizing the services of a Trucking factoring service, many will require that they handle all future Trucking bill collections for monies owed to you by that customer. Depending upon the customer, you may not want to go this route, but keep in mind that some factoring Businesses are very firm about this requirement.

Some Trucking bill factoring services give you the option of deciding on a load-by-load basis whether to handle the billing and collections yourself or whether to let them handle it on your behalf. In addition, factoring services that will let you make the decision yourself will also let you decide whether you want immediate payment or payment when the invoice is actually paid. This can be convenient for you, because it will almost permit you to utilize the Trucking factoring service as a de facto billing service Is there a price difference if I let you bill my customer for all loads that I pull for them?

Some Trucking factoring Businesses may permit you to decide on an invoice-by-invoice basis whether you want to bill your customer yourself or have them do it, while others require all billings to originate through them. If you utilize their services on a “spot-usage” basis and don’t elect to have a particular invoice factored, you will still likely be faced with paying $15-$20 for billing. You would then receive payment once your customer pays the invoice. Do you charge extra fees for additional services?

Requirements for Customers — Most Trucking factoring Businesses won’t automatically pay invoices from your customers. They will want to have a reasonable assurance that your customer isn’t a deadbeat, so they will likely require a credit check to ensure that there is a likelihood that they will be paid. Most transportation factoring Businesses will do a credit check on your customer for you (which could involve a nominal fee). Other factoring services will give you access to a list of customers that are “pre-approved” — Businesses that meet their credit requirements. This can also come in handy for you, especially if you want to know a prospective customer’s credit prior to booking the load. Do you require deposits? And do you advance 100% of the Trucking bill?

Some factoring services will require deposits, while others will not. Before signing on the dotted line, be sure to ask so that you have a clear understanding of exactly what you are getting into. It is rare for a factoring service to advance 100% of your Trucking bill, so find out what their policy will be — and if it will be the same for all customers and Trucking bills or if it could change from load to load.

Factoring Transportation Brokers

Skip to Top

Back to More Trucking Factoring Companies Information. 9 Questions to Ask When Comparing Trucking Factoring Businesses

In the U.S., the Trucking industry generates 255 billion in revenue each year. According to American Transportation Research Institute, there are 500,000 Trucking Businesses, but only four percent of these Trucking Businesses have more than 28 trucks. The other 96 percent have 28 trucks or less, and 82 percent have six trucks or fewer. So, Trucking is a multibillion dollar industry comprised mostly of small, independent operators.

Why is this information important?

There are two main challenges that Trucking Businesses come across when looking at their business’s finances. The first being cash flow and obtaining a business loan from the bank to keep up with payroll, expenses, etc. The second challenge being waiting the 60 to 90 days that it can take for clients to settle their invoices. With the majority of Trucking Businesses in the United States having under 28 trucks, this also means that their teams are relatively small as well. People are wearing multiple hats to try and get things done, tasks may get missed, and scaling is challenging without the proper cash flow backing them.

Having a lack of cash flow can quickly become what is holding you back from onboarding an A-player in your industry, keeping up with payroll, paying vendors, and frankly, growing your business beyond what it is today. Trucking factoring is one way to eliminate these obstacles, especially for smaller Trucking Businesses or independent operators. What Is Trucking Factoring? You've likely heard of factoring in the past, and it is basically a way to create cash flow immediately instead of waiting to collect on all your invoices. The Trucking factoring company pays you 85 percent or more upfront and then collects the invoice payments for you. Once the payments are collected they send you the rest of the payments, less a factoring fee. The fee normally runs from one to three percent of the dollar amount factored. Many factoring Businesses specialize in Trucking/transportation/Trucking forwarding, but the details of their proposals may vary widely. The number of options and the structure of the various agreements can get confusing.

In this article we will provide an overview of what to look at when comparing factoring Businesses. 1. How quickly can you get funding?

You will typically receive funding after the factoring company has received your submitted invoices. Some factors provide same–day funding or next-day funding, while others will only fund after verifying your customer’s bills, which can take more than 2 or 3 days.

The timeframe in which you receive your funding is one of the most crucial aspects of the contract that you need to consider. If you know that you typically need funding right away, then you will need to look at factoring Businesses that provide same or next-day funding.

2. What kind of customer service does the company provide?

Like any industry, there are varying levels of services when you need to get in touch with a representative. With finances, many people like to have the option of speaking with a person right away. If an issue arises where they need access to their funding sooner than expected or something has gone wrong with their account, having access to a person or a nearby office can be beneficial.

We make a point of interacting with our customers in person as often as we can, and we encourage customers to travel to our offices if it isn’t too far for them. For example, we have team members located in Toronto, Canada, and we have a local office in Buffalo, New York. Should our Toronto clients want to make the short trip to Buffalo to visit our office, we encourage them to do so. The kind of interactions you want to have with your factoring company is important to consider. You do not want to end up working with a company that only offers email support if you’re someone who prefers to interact over the phone or in person. Make sure you do your homework before you set up a long-term arrangement. 3. Does the factoring company provide credit protection?

There are two kinds of factors: non-recourse and recourse. Recourse factors have the option of charging you back for any unpaid invoices, but the non-recourse factors provide credit protection. This is a very common question that comes up when we are speaking with Businesses about factoring. They want to know what happens should a client’s invoice become delinquent and ultimately, become unpaid. Having credit protection means that you will get paid on the invoice even if the invoice goes unpaid. Since they take on more risk, non-recourse factoring normally costs more. Especially with a smaller company, it can be difficult to have a backup plan should an invoice go unpaid. It’s important to consider what kind of strategy you have in place for unpaid invoices. Will you contact the customer or pursue them for the funds that they owe? Or, will you swallow the cost yourself and move on? Having an established plan of what you will do will help you establish if you will need recourse or non-recourse factoring. 4. How much is advanced and how much is held in reserve? Factoring Businesses normally provide 85 percent or more when you submit an invoice. They will hold on to the remaining amount until the invoice is paid by the client. Once the invoice is settled in full, they will release the remaining funds, minus their factoring fee. The fee tends to be somewhere between one and three percent.

5. What are the rates and fees?

Factoring fees can come in many different shapes and sizes. The main thing you need to make sure of is that you understand what fees are going to be incurred by doing business with a factoring company. Make sure to ask the right questions! Here are some ways in which fees can be charged: 1.A percentage of the invoice value

2.They can depend on how long the invoice remains unpaid

3.There can be wire and ACH fees

4.Administrative fees

5.Interest

6.And much more.

Make sure you read the contract and understand all of the fees in which you are going to be charged so that you can make a smart decision about which structure is the best and most cost effective for you. The best way to compare proposals is to figure out the total cost of the fees as a percentage of the dollar amount of the factored invoices.

Flat Fees Versus Tiered Rates

The two most common fees charged are flat fees and tiered rate fees. Here is a quick explanation on how they typically work.

1. Flat Fees

Flat fees are really just how they sound. They are when a factoring company charges a one-time flat discount fee for the factoring of the invoice regardless of how long or how quickly the invoice is paid. This can be great, as it provides an upfront knowledge of exactly what your finance costs are going to be, but it can also prove expensive if your customers generally pay quickly. If a factoring company charges a three-percent flat rate and your clients pay in 60-90 days, well then you are getting quite a good deal. But, if three-percent is charged and most of your clients pay in 7-30 days, well three-percent is a lot for such a short time. Look over your customer list or aging and think about how long on average it takes for your customers to pay and that will help you in determining whether a flat rate really is a good deal for you or not. 2. Tiered Fees

Tiered fees are fees that incrementally increase as the invoice remains unpaid. This is great because you are only incurring fees for as long as it takes the invoice to be paid. If your customers are paying quite quickly, then tiered fees will generally save a business a lot of money on factoring costs.

6. How are credit checks carried out?

Factoring Businesses main concerns are not how many years a company has been in business or what a business owners credit score is. The main concern is that the factoring company is buying invoices that will get paid and not become delinquent. Many factoring Businesses will check the credit of the customer, shipper or Trucking broker for you. You need to find out how this is done and how long it takes. You’ll likely want to work with a factor that can quickly approve your customer’s credit and your funding before you transport a load.

7. How much of the billing is handled by the factoring company?

One of the advantages of working with a factor is that some perform the back-office tasks like billing and invoicing. For example, you can send them the bill of lading and a rate sheet and they’ll take care of the rest. Other factoring Businesses will ask you to do the invoicing and send them copies. Should you be in a situation where you don’t want your client to know that you’re working with a factoring company, you can look into Non-Notification Factoring. It is a form of factoring that significantly limits the number of interactions between the factoring company and your clients. In other words, the factoring company’s presence throughout the process is seemingly non-existent. If there is a point where the factoring company needs to communicate with one of your clients, the communication is done in a way that makes it seem like they’re part of your company. Factoring Businesses can use your company collateral when sending notifications, emails, etc. This could mean a slight increase in the billing tasks that you need to handle, however, you can make sure to inquire about all of these options when you’re reviewing propposals.

8. What are the invoice requirements?

You’ll need to find out if the factoring company requires you to factor all your invoices or lets you choose the ones you want to factor. Also, some factors charge fees on the gross amount factored, while others charge you for the net amount (gross amount minus fuel costs).

9. What is the contract period?

Some Trucking factors may require a long-term contract from three to 36 months, but others will offer you the option of canceling your factoring agreement at any time. Make sure you understand the fine print and any fees associated with terminating your contract early if you decide on a longer-term contract.

How To Choose?

There are many things to consider when looking into different factoring Businesses. Even though each factoring company is offering a similar service, there are many points that differentiate them. Each factoring company will have different funding rates, advance rates, contract terms and requirements. Some factors will require a personal guarantee, or maybe will require you to factor all invoices that the company produces, and other factoring Businesses will let you pick and choose. Make sure you ask the questions we have laid out in this article and you will have all the information you need to choose a factoring company that is right for your Trucking business.

Skip to Top

Back to More Trucking Factoring Companies Information.

Several Key Differences Between Freight Factoring and Merchant Cash Advance

Every small business owner knows that cash flow is the life blood of a company. With it, you can purchase raw materials and inventory, pay your overhead expenses and keep up with payroll. Without it, you may find yourself unable to fill orders or meet your financial commitments.

For these reasons, business owners seek out sources of funding that can help them meet their business obligations AND provide a consistent influx of capital to drive innovation and ultimately growth.

One method of financing that you may have heard about is a merchant cash advance, or MCA. On the surface, it sounds like it might be similar to Freight Factoring – but is it? Let’s look at some of the biggest differences between the two.

1. Freight Factoring is Less Risky Than a Merchant Cash Advance There’s always some risk involved in financing a business. For the lender, the risk is that the business may miss payments or, in the worst-case scenario, fail to pay back their debt. And, for the business owner, the risk comes in the form of fees and interest.

When it comes to risk, there’s a big difference between Freight Factoring and MCAs. Freight Factoring advances money based on an existing invoice. The money that your customer owes for the product or service is advanced to you through the sale of your to the Freight Factoring company. By contrast, MCAs give you money based on an estimate of future sales. If your sales fall short, you’ll still need to repay the money. More than that, MCAs usually require access to your bank accounts so they can take out the funds automatically. If you’re already experiencing cash flow issues, this can make it worse.

2. Merchant Cash Advances Can Be More Expensive Than Freight Factoring

You probably already know that a risky form of financing is likely to cost more than one that carries a low risk. So, it should come as no surprise that MCA loans can be far costlier than Freight Factoring.

Freight Factoring fees are a percentage of the invoice. There’s a basic fee that applies to each factored as spelled out in your contract. If an remains unpaid past the initial payment term between you and your client, you may be charged back the advanced amount. MCA fees can be significantly higher than Freight Factoring fees. The fee is typically between 20% and 50% of the amount borrowed. Even if your sales match the predictions, you’ll still end up paying back significantly more than your initial advance.

Something else to consider, MCAs are considered commercial transactions, so they are not subject to the same federal regulations that banks are. While a 20-50% advance fee might be common, APRs can exceed 300%. Plus, the payment structure is already determined at the time of the advance, so you can’t pay it off early to stop the interest from accruing.

3. Freight Factoring Maximizes Cash Flow and Merchant Cash Advances Don’t

Freight Factoring is a product that’s designed to help small business owners maximize their cash flow. That’s because it advances money against invoices that have already been fulfilled. When you factor an invoice, you get money immediately – often the same day – which you can then use to buy materials, invest in your company or make payroll. By contrast, MCAs are speculative. They provide you with a lump sum, but if you use that money to pay off existing debts, you may find yourself caught in a vicious cycle of requiring another cash advance to pay off the first with the meter running on the second.

With Freight Factoring, you know your cost and fees upfront, and because it’s the sale of your invoice, there is no debt or interest to worry about. It’s not a loan.

4. Freight Factoring Includes Back Office Services, MCAs Don’t

When you get an MCA, all you’re getting is money. One of the most important differences between an MCA and Freight Factoring is your Freight Factoring fee includes some time and potentially money-saving back office services that can help your business grow.

For example, Freight Factoring companies typically provide services that include billing and collection. It can be quite expensive to pay someone to make collection calls on your outstanding invoices. Experienced Freight Factoring account executives work as an extension of your team and on your behalf.

How Freight Factoring Can Help Get New companies Off the Ground

Starting a company requires a leap of faith. Even when you know you’ve got the skills and know-how to be a success, there are many ways that your budding venture can go wrong. Arguably, the toughest part for any entrepreneur is securing the funds to gain traction and grow despite having secured contracts with clients. What’s worse for new companies than to have to turn away paying opportunities because they don’t have the capital to finance their operations, hire new people or invest in new equipment? Most young companies can’t afford to turn away paying customers. They also can’t afford for word to get around that they can’t take on bigger projects. For start-ups and young companies, there is a chicken-or-the-egg dilemma when it comes to qualifying for lines of credit or getting approved for a loan. Banks want to see history and a strong client base. But company owners can’t always build a decent portfolio without the capital to take on more clients. For this reason, invoice Freight Factoring can be a way for new company owners to turn those early invoices into real working capital to get their companies off the ground.

Young companies Need Capital: Freight Factoring Provides It

You know the saying, “you need to spend money to make money”? Ask a company owner if this is true. Rarely, can a young company survive without consistent working capital.

In fact, a lack of sufficient capital is the second-most common reason that new companies fail. New company owners often borrow money from friends and family to help support their dreams. Or, they go into considerable personal debt in order to finance those early stages. Either way, you have somebody looking over your shoulder and expecting to be paid back. That’s a lot of pressure when you’re just starting out. Invoice Freight Factoring provides working capital and predictable cash flow your new company needs. Unlike banks, Freight Factoring companies provide funding by purchasing your outstanding invoices. That means that if you’ve got invoices, you have access to an immediate source of funding. The best part is that you’re getting an advance on your money. So not only do you get your money, you get it without the debt. As a start-up, you understand that it’s all about speed, and that’s the foundation of Freight Factoring. Once your application is approved, you can get funding in as quickly as 24 hours after you submit your invoices. You can use those funds for anything that you’d like, restriction-free. Use it for payroll, to pay rent or to invest in new equipment. Young companies Need Support: Freight Factoring Provides It

company owners often find themselves wearing many hats in the course of a day. How often does a company owner say, “If only I had someone helping me with X, I can really focus on Y?”. Freight Factoring companies provide more than funding for companies. They take some of the most time-consuming tasks out of the owner’s hands, like checking customer credit and collecting on outstanding invoices. These jobs can take hours of your valuable time and often require additional staff to manage them. Different from a traditional loan, you get a team of back office support staff at no additional charge. These and other value-added services are included in your Freight Factoring fee. Be sure to talk to your Freight Factoring company about what other services they provide.

Young companies Need Protection from Bad Debt: Freight Factoring Provides It

For a new company, extending credit to a customer who doesn’t pay can be harmful at best and devastating at worst. It’s important to screen your customers’ credit. A Freight Factoring company will do this for you before you take on new company so you can be assured that the client has the funds to pay. This saves you time upfront so you don’t start projects for clients who can’t pay, and it also means that the Freight Factoring company can work with you to advance you funds when you complete the work.

Young companies Must Avoid Taking on Debt: Freight Factoring Won’t Add to Your Debt

One of the biggest reasons that Freight Factoring is ideal for young companies is that it provides the money you need without adding to your debt. Freight Factoring isn’t a loan – it’s a purchase of your invoice. The Freight Factoring company buys your invoice, takes out a nominal Freight Factoring fee, and issues any remaining monies when the client pays. That’s it. End of transaction. No debt to keep track of or payments to make.

That means there’s no need to list your Freight Factoring balance as debt. There are no interest rates or hidden fees either. In other words, Freight Factoring provides you with the predictable cash flow you need without adding to your debt.

Young companies Need to Grow: Freight Factoring Helps

Growth opportunities don’t come along every day, but when they do, you’ve got to take advantage of them. New companies sometimes struggle to accept large orders or attract new customers because they don’t have the financial stability needed to do so. Invoice Freight Factoring provides a solution by smoothing out cash flow and making it possible for company owners to pursue growth opportunities in the moment.

freightbillfactoring.org

freightbills.org

freightbrokerage.org

freightfactoring.co.uk

freightfactoringcompanies.org

freightfactoringcompany.org

freightfactors.org

freightinvoicefactoring.org

freighttruckingcompany.org

jasonsloan.org

longhaultrucking.org

transportationfactoringcompanies.org

transportationfactoringcompany.org

truckermoney.com

usloadsource.com

truckfactor.org

truckfactoringcompanies.org

truckfreightshipping.org

truckingbroker.org

truckingfactoring.org

truckingfactoringcompanies.com

truckingfactoringcompanies.org

truckingfactoringcompany.com

truckingfactors.org

truckingservice.org

factoringtrucking.org

factortrucking.org

factoringfortrucking.com

factoringfortruckingcompany.com

Trucks move roughly 71.4% of the nation's freight by weight.

That is just one of many statistics calculated and tracked by American Trucking Associations' professional staff that you can learn about here.

Revenue:

$796.7 billion in gross freight revenues (primary shipments only) from trucking, representing 80.3% of the nation’s freight bill in 2018.

Tonnage:

11.49 billion tons of freight (primary shipments only) transported by trucks in 2018, representing 71.4% of total domestic tonnage shipped.

Taxes:

-$42.6 billion paid by commercial trucks in federal and state highway-user taxes in 2017.

-Commercial trucks make up 13.4% of all registered vehicles, and paid $17.7 billion in federal highway-user taxes and $25.8 billion in state highway-user taxes, in 2017.

-24.4¢ in federal fuel tax paid for each gallon of diesel fuel as of January, 2019.

-18.4¢ in federal fuel tax paid for each gallon of gasoline as of January, 2019.

-27.4¢ paid on average in state fuel tax for each gallon of diesel fuel as of 2019.

-26.2¢ paid on average in state fuel tax for each gallon of gasoline as of 2019.

Number of Trucks:

-36 million trucks registered and used for business purposes (excluding government and farm) in 2017, representing 24% of all trucks registered.

-3.68 million Class 8 trucks (including tractors and straight trucks) in operation in 201, nearly unchanged from 2016.

Mileage:

-297.6 billion miles traveled by all registered trucks in 2017

-181.5 billion miles traveled by combination trucks in 2017

Number of companies:

According to the U.S. Department of Transportation, as of May 2019, the number of for-hire carriers on file with the Federal Motor Carrier Safety Administration totaled 892,078, private carriers totaled 772,011 and other* interstate motor carriers totaled 84,930.

Other’ motor carriers are those that did not specify their segment or checked multiple segments. All other categories were excluded.

-91.3% operate 6 or fewer trucks.

-97.4% operate fewer than 20 trucks.

International Trucking:

-Trucks transported 67.4% of the value of surface trade between the U.S. and Canada in 2018.

-Trucks transported 83.5% of the value of surface trade between the U.S. and Mexico in 2018.

-In 2018, the value of truck-transported trade rose 10.2% to $424.0 billion with Mexico; truck-transported trade with Canada rose 3.6% to $348.3 billion.

Employment:

-7.8 million people employed throughout the economy in jobs that relate to trucking activity in 2018, excluding the self-employed

-3.5 million truck drivers employed in 2018 (almost unchanged from 2017)

Industry Overview: Trucking

The Trucking Industry is a cyclical sector comprised of companies that provide shipping services, using tractor-trailers, to customers, which are usually commercial businesses. Most trucking outfits own and operate the vehicles in their fleets, though some do rely on leasing. The vast majority of revenue is generated domestically, since overseas shipments require either air- or sea-based transportation. Thus, these companies have little exposure to foreign currency fluctuations. The industry tends to be a leading indicator for the overall economy. During the early stages of an economic upswing, customers begin to ship more goods in anticipation of stronger business conditions. Conversely, a decrease in trucking demand may signal the beginning of an economic slump.

The Operating Basics

This industry is competitive. Customers have numerous operators to choose from, including privately held carriers and companies outside the industry, such as air-transporters. As a result, day-to-day operations tend to be relationship-oriented. companies strive to build close ties with customers in order to generate repeat business. Providing excellent service is a necessity, since customers can easily find an alternative shipper. Price competition is fierce, and the companies in this group generally operate with narrow margins. To adequately serve the needs of its customers, a trucking company has to have a large collection of tractors and trailers, often numbering in the thousands. Furthermore, the fleet has to be upgraded often (every five years for tractors). Frequent upgrades help to keep maintenance expense in check, since older vehicles require more upkeep. Also, a young fleet may attract better-qualified drivers, especially when the supply of labor is thin. Too, increasingly stringent U.S. environmental standards compel trucking companies to purchase newer, more-efficient vehicles. Fleet sizes are also often adjusted in accordance with the prevailing economic situation. During downturns, truckers will decrease the number of vehicles in operation to avoid holding excess capacity. When the supply of tractors exceeds demand, this results in less revenue generated per vehicle and other inefficiencies. There are two primary segments within the Trucking Industry: truckload and less-than-truckload (LTL). Truckload carriers fill a trailer with large amounts of cargo from one customer, usually with a single destination in mind. LTL operators fill a trailer with small amounts of cargo from several different customers, requiring various delivery destinations. Goods shipped via LTL carriers may stop at numerous terminals and be transferred between several different vehicles before reaching the final destination. Truckload freight, on the other hand, usually remains in the same vehicle along the entire shipping route. Both types of trucking companies maintain a network of terminals and distribution centers across the country. The industry is affected by seasonal factors. Generally, all trucking companies enjoy increased demand in the calendar fourth quarter, when retailers stock their shelves for the major holiday shopping season. In the middle of the year, LTL companies may experience high demand, relative to that of truckload operators, since there is less need to transport large amounts of homogenous freight. During the first quarter, business is usually slack for both truckload and LTL carriers – a good circumstance, since this period typically involves weather-related disruptions.

Major Expenses

There are several important expenses that affect the profitability of trucking companies. Labor costs have a considerable impact on earnings. Trucking companies require a deep roster of qualified drivers and freight handlers. The supply of available drivers often tends to be slim, resulting in intense competition for qualified talent. companies need to offer competitive wages and benefits to attract the best employees. Some trucking outfits employ workers that belong to powerful labor unions. These employees possess strong negotiating leverage, and the possibility of labor strife is a risk. Nonunion workers offer lower labor costs, but they might not be as dependable. Other significant labor-related costs include pension expense and workers’ compensation. Fuel is one other expense that must be managed carefully. Lengthy trips, heavy loads and large engines keep tractor-trailer fuel consumption high. Most of the cost of diesel fuel is passed on to customers through surcharges. But, if fuel prices rise quickly, there may be a lag in recouping all of the related outlays, thus hurting a trucker’s short-term profitability. Most companies prefer to rely on surcharges rather than long-term fuel-contract hedging. Operating expansion and fleet improvement may be financed with cash flow, common equity and/or debt, depending on the cost of each source. At times, a heavy debt burden might be assumed in the completion of a merger that may offer greater market coverage. Generally, these companies possess average stock market risk. Over a business cycle, cash reserves can build, and barring any pressing needs for capital investment, these companies will reward investors with a big one-time dividend or stock buybacks. For the most part, though, managements are more interested in building stockholder value via operating network enhancements and expansion.

Skip to Top

Back to More Trucking Factoring Companies Information.

How Big Is The Trucking Industry?

The trucking industry impacts your life more than you might think. Almost every good in the United States had traveled by truck at least once before it reached its final destination. Even when goods travel by railroad, they still almost always go by truck for at least part of their journey. Trucking accounts for over 70 percent of freight in the United States. This means trucking generates more revenue than any other industry in the United States. Nearly 6 percent of all full-time jobs in America are in the trucking industry, which generates over $700 billion every year. At 53.9 billion gallons of fuel per year, these truck drivers use over 12 percent of all fuel used in the United States. Tractor-trailers drive 432.9 billion miles every single year, and there are over 15.2 million trucks on the road.

How the Trucking Industry Affects Other Industries

The trucking industry affects other people’s employment, as well. Industries such as steel mills and auto manufacturers depend on truckers to deliver supplies needed to manufacture their goods. This is because the manufacturing industry has shifted toward “just in time manufacturing.” This means parts are delivered just before assembly, so manufacturers do not need large warehouses to store components. The manufacturing industry also depends on truckers to transport goods to sellers. Without trucks, workers at these factories would soon face unemployment. The farming industry also depends on the trucking industry. Fruits, vegetables, and dairy products are transported many miles before they reach their final destinations at the store. Farm owners and farm workers both depend on trucking to keep their industry going.

What if Trucking Disappeared?

Trucking helps transport nearly every kind of good you can think of. Life would not be the same as you know it if the trucking industry disappeared tomorrow. Gas stations would be out of gas in less than a week because they depend on fuel deliveries every two and a half days. Your local grocery store would be out of dairy and produce in a few days because many grocery stores keep as few perishables in stock as possible. They depend on daily deliveries of food. The supply of clean water would even disappear because water purification plants would not be getting the tools they needed to clean water. Hospitals would run out of medications in a very short time, and some would run out of oxygen within a day. This is because they do not keep many supplies on hand ahead of time. Some even wait to order more supplies until their current ones are depleted. These hospitals depend on trucks to quickly get them the supplies they need within a few hours. Even a disruption to the trucking industry has significant consequences. After 9/11, trucks carrying auto parts were significantly delayed at the Canadian border. This caused several Michigan auto manufacturing plants to shut down because they could not get the parts they needed in time. This caused them severe economic loss.

A Shortage of Drivers

Because the trucking industry is so vital to everyday life, nearly 900,000 more drivers are needed. This is because the industry is growing so quickly. DAT Solutions found that in 2018, there was only one truck available for every 12 loads that needed to be shipped. Part of this shortage is because many truck drivers are nearing retirement age, and there are not enough new ones to replace them.

Final Thoughts

Many people do not realize just how important the trucking industry is. America would be very different without the trucking industry and the more than 10 million people who work in it.

Providing factoring businesses services for
Moreno Valley , California companies and nationwide-map

Get CASH NOW for your outstanding invoices.

Information for the city of Moreno Valley

Moreno Valley is a city located in Riverside County, California and is part of the San Bernardino Riverside Metropolitan Area. A relatively young city, its rapid growth from the 1980s to the early 2000s made it the second largest city in Riverside County by population, and one of the Inland Empire's population centers. As of the 2010 census,[6] the city's population was 193,365. Neighboring Riverside, California, is the county seat and largest city in the county and the two cities are closely tied. Moreno Valley is also part of the Greater Los Angeles area.According to the City's 2009 Comprehensive Annual Financial Report,[28] the top employers in the city are:

Information for the state of California

The economy of California is large enough to be comparable to that of the largest of countries. FY 2011, the gross state product (GSP) is about $1.96 trillion, the largest in the United States. California is responsible for 13.1 percent of the United States' $14.96 trillion gross domestic product (GDP). California's GDP is larger than that of all but 8 countries in dollar terms (the United States, China, Japan, Germany, France, Brazil, the United Kingdom, and Italy).

California's GDP is larger than the GDPs of Russia, India, Canada, Australia, and Spain; in terms of Purchasing Power Parity,[103] it is larger than all but 9 countries (the United States, China, India, Japan, Germany, Russia, Brazil, France, the United Kingdom, Italy), larger than Mexico, South Korea, Spain, Canada, and Turkey. In terms of jobs, the five largest sectors in California are trade, transportation, and utilities; government; professional and business services; education and health services; and leisure and hospitality. In terms of output, the five largest sectors are financial services, followed by trade, transportation, and utilities; education and health services; government; and manufacturing. Agriculture is an important sector in California's economy. Farming-related sales more than quadrupled over the past three decades, from $7.3 billion in 1974 to nearly $31 billion in 2004.[107] This increase has occurred despite a 15 percent decline in acreage devoted to farming during the period, and water supply suffering from chronic instability.

Factors contributing to the growth in sales-per-acre include more intensive use of active farmlands and technological improvements in crop production.[107] In 2008, California's 81,500 farms and ranches generated $36.2 billion products revenue.[108] In 2011, that number grew to $43.5 billion products revenue.

Skip to Top

Back to More Trucking Factoring Companies Information.

Immediate payment for your invoices help you avoid financial trouble.

Best Moreno Valley Trucking Factoring Companies

Companies of all different sizes, including start ups, use factoring; and today factoring has become common business practice across many industries. -Best Moreno Valley Trucking Factoring Companies

Largest Factoring Companies

DISCOVER THE FORTUNE THAT LIES IN YOUR RECEIVABLES

Best Moreno Valley Trucking Factoring Companies Articles

receivable factoring in the Future of a Freight Business: A Story

Patrick Moore let the phone ring on his desk. 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 freight company. Moore freight Company was at a turning point of growth and Patrick had to decide if signing with a receivable factoring company was the right way forward.

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

To move Moore freight 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. Some of the refrigerated trailers were in need of repairs and he felt to stay competitive it was also a good idea to invest in specialized haulers to be ready for the constant requests he was getting for loads of new energy and agriculture equipment. Every time he had to turn down a request, Moore freight looked weak in a very strong market. His father would have told him to wait and to take his time adding on new technology. Patrick allowed himself a good hard chuckle. His father had been against placing GPS units in the cabs. He would say, “Why do you need the voice of some woman to tell you to get off at an exit that has been the same exit that has been there for years?” Also his father had the habit of teasing all the drivers he caught switching into automatic even though driving in automatic was much more efficient though not manly in his father's eyes. His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.

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

But was receivable 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 freight business. receivable factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. The receivable factoring company gives the freight 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 receivable factoring, you have to wait for customers to send you the payment which is often 30 days late. In those 30 days, a freight company can't pay its bills and employees in invoices.

Now it was time for Patrick to do his homework. Patrick had heard that there were companies that charged for same day money transfers and would only advance a percentage of the money owed to your company while holding the rest in a private account if they didn't get their bill payment within 60 or so days. Plus it was worse still if the customer didn't pay up at all because then the receivable 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 friend Ronnie who had a freight business in Missouri, was run nearly into the ground by a receivable factoring company that charged him the full freight bill on top of the receivable factoring fees. Well, what was the point of going to a receivable factoring company if there was shady business like that going on?

But it turned out to be quite easy. All the receivable 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. He liked the idea of a long term commitment so he knew he wouldn't have to bother going back and forth to different companies and wasting time filing more forms. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. Many companies offered a non-recourse receivable 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 receivable factoring people. They were more personable than those loan managers at the bank. It seemed as though those bank people spoke another language, but these receivable factoring guys knew the freight business and spoke to him like a client, not like a beggar for a handout. The receivable factoring companies didn't worry over his credit and the debt troubles his father had had in the past of the company. receivable factoring was based on the credit of his customers and on their reliability which worked well for Patrick 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 receivable factoring company contacted them for the invoices. His clients wouldn't think poorly of Moore freight and the receivable factoring companies appeared capable of handling the accounts receivable in the same polite manner that his father had used over the years.

Patrick stepped out of his office to let his secretary know to expect the arrival of the receivable 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, Patrick could actually expand Moore freight 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 freight business.

You Can Find More Truck Driver Factoring Information at Best Atlanta Freight Factoring Companies
and at truckermoney.com
Nevada Trucking Factoring Companies

Best Moreno Valley Trucking Factoring Companies Articles

Why Do Companies Choose receivable factoring?

We know that receivable factoring is the ideal way for a business to access instant cash on their company's receivables, but there are other important benefits as well. receivable factoring can be a very handy financial instrument for many businesses.

Listed below Are Six Key Benefits of receivable factoring

No. 1: Back Office Solutions

Anyone running a business knows just how time-consuming and expensive it can be collecting payments from customers. When you employ a receivable factoring company they'll take over that role for you using their own collection specialists: it's their job to follow up with customers until such time as your account has been paid in full. In addition, some receivable factoring companies use online accounts, which means that you'll have the ability to track your customers' payments in real time. Handing this time-consuming part of your business over to the receivable factoring company frees up your time to do what you do best – running your business, looking for new business opportunities, and providing your customers with excellent customer service.

No. 2: Better Quality Customers

Some receivable factoring companies have their own rating systems for companies involved in your industry, in addition to having access to credit data on companies that could well become your new customers, and days-pay information. Others create their own rating systems for companies working in your industry, which allows you to make calculated, informed decisions about both existing and new customers.

No. 3: Instant Access to Cash

When a company provides goods or services on credit it usually has to wait somewhere between 30 and 90 days for customers to pay on their invoice, and this very often leads to cash flow problems for the business. And that's the beauty of receivable factoring! When you use a receivable factoring company you'll typically receive an advance on an invoice within 24 hours. This immediate injection of cash allows businesses to purchase additional equipment, employ new staff, and cover other business expenses.No. 4: Growing Your Business

Because receivable factoring provides instant access to cash, it offers you the flexibility to grow your business at a faster pace. In addition, receivable factoring is very simple to set up. A receivable factoring account can be created within a matter of days, whereas a traditional bank loan can take weeks. And, there's no limit to the amount of funding a receivable factoring company can provide, unlike bank loans. Of course, this is assuming the receivable factoring company you choose to work with has a strong capital structure. Over a period of time, the volume of receivable factoring can increase within months – from thousands to millions of dollars.

No. 5: Funding for Start-Ups

Start-Ups quite often require financing to get their business up and running; but because they have no cash flow statements or balance sheets, and no business history, they're highly unlikely to qualify for cash flow or asset-based lending. receivable factoring is not concerned about these requirements because it's main interest is in the credit history of your customers. Before a receivable factoring company offers you financial assistance it will examine your customers' credit scores, their payment patterns, and general financial health. Typically, the receivable factoring company will not be interested in how long your company has been operating.

No. 6: receivable factoring Is Not a Debt

receivable factoring does not become a debt to your business because it's not a loan. Your business receives financial support from the receivable factoring company as-and-when you accumulate invoices, and the matter is settled once your customers have paid in full. It's true that if you're utilizing recourse receivable factoring, you, as the receivable factoring client, assume the risk if your customers default on payment; however, receivable factoring companies usually allow businesses to work off that amount by retaining a portion of reserve payments or future cash payments.

Seattle Factoring Companies

You Can Find More Truck Driver Factoring Information at Best Atlanta Freight Factoring Companies
and at truckermoney.com

Best Moreno Valley Trucking Factoring Companies Articles

How receivable factoring Companies Help freight Companies

Commercial transportation play a vital role in the economic growth of any place; and the back bone of this large scale transportation is the freight companies. Every freight firm has contributed to the economic development of the place irrespective of how big or small they are. It is these freight services that take the goods around by road or deliver goods on the shores or to the airport to be transported overseas. Unfortunately these companies face a lot of operational issues with relation to hikes in fuel prices and a credit period which affects their cash flow.

Are you heading one of these freight companies and facing issues with operating costs? You are not alone and there is a solution. receivable factoring companies provide you the much needed relief by facilitating cash flow by using your accounts receivables. The operations of these companies are different from bank loans as it does not affect the debt to equity ratio. Here is a small instance to explain their role in making your freight company a success. Consider a small firm with around 10 trucks. The firm is doing very well and is able to manage its operations efficiently. But it's not able to accommodate new clients due to lack of trucks and delay in payments from his current customers by 45-60 days. receivable factoring companies step in the gap, they buy your invoices and give you the cash you need to buy the new trucks and meet other expenses. These firms wait for the customer's to make their payments and you get to move on. This article throws light on how these receivable factoring companies help freight companies and why all freight companies should use them.

Answers Concerns on Operating Costs

receivable factoring companies work towards providing you timely funds by supplying you the required amount as they wait for your customer to make payments. This allows you to make payments to your employees on time, pay off bills and fulfill other business commitments with ease. You also have the cash to repair your trucks in time to prolong the life of the vehicle. receivable factoring firms facilitate the smooth running of your business by eliminating the waiting period; especially considering the fact that some customers take 60-90 days to make payments. The best part is you use this service without facing any concerns about liquidity and this is why all freight companies should use them.

Prevents and Eliminates Further Debt

receivable factoring firms bring in stability and avoid situations where you may require loans. Avoiding loans helps in keeping the debt to equity ratio low. This in turn improves your image and helps you take steps towards paying off your outstanding loans. Paying off bills on time therefor keeping your suppliers happy. The fees taken by receivable factoring company is decided on the financial situation of the freight firm and is usually 1-3 percent of the invoice value.

Offer Management Services

Managing your office is another option given by these companies. The service includes recording your accounts receivable, checking outstanding payments from customers and following up for timely payments. This gives you a hassle free environment to work and contribute to the growth of your business. In case you do not wish to hire them for managing your payment section, they provide online services for providing funds. You can send details in spreadsheets for requesting payment. They are quick to respond and precise in communication.

Checking Credit Worthiness of the Clients

receivable factoring companies maintain data on the credit history of prospective customers. They share this information with you once you begin working with them. This brings down the number of issues with non-payment and delayed payments. This is especially important for small and medium sized firms who are still growing and learning the intricacies of this business. It avoids getting in to situations which can jeopardize the sustainability of your company.

Cuts Down Over Head Cost

Hiring freight receivable factoring companies for back office operations is beneficial in many ways. First of all you do not need another set of professionals to run your office. Apart from being an overhead cost, you can reduce your time managing them. Giving this section away to receivable factoring firms saves you a lot of precious time and money. And above all they provide high quality transparent service. With this you can stop chasing your customers for payments.

Builds Your Image

Time is precious and with freight receivable factoring companies you get to use this resource efficiently. They take care of customer's payment schedule and replenishing your reserves as the situation demands. This gives you the financial backup to take your business to the next level. You get to make sound decisions about buying more trucks and paying off your debts to improve the credibility of your firm. Apart from this you also get to work on your firm's future. This will include knowing your new client requirements and understanding if you will be able to accommodate them. freight receivable factoring companies help you run your business more smoothly.

Choosing the right receivable factoring company is essential for the smooth running of your business. Cost is only one of the determining factors when deciding on the firm. Verify their credibility and experience in this field before signing a contract. You may also want to know about online services and customer credit verification services if you are looking for a complete package. The time between placement of request and receiving of funds is vital. Be sure to understand all their terms and conditions before committing with a company.

freight receivable factoring companies have redefined the operations of a freight firm.. They have improved the effectiveness of small and medium sized firms. Gone are the days when smaller freight companies had to shut down due to poor funds. receivable factoring companies step in the gap and give them the best chances of surviving and achieving success. Choose a reputed receivable factoring firm and soar to higher places sooner than expected.

Largest Factoring Companies

Best Moreno Valley Trucking Factoring Companies Articles

Again receivable factoring To The Rescue

Fuller Truck and Haul has been in business since the mid1980s. 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, Fuller 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. And worse yet, Fuller had noticed during the early part of 2008 that though the bulk of their clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. And as spring turmed to summer and summer into the early days of fall, Patrick Fuller, CEO of Fuller felt a chill go down his spine whenever he would look at the weekly A/R reports. The numbers of clients who owed him back debt were growing.

He had gone to his administrators and asked them what the problem had been. Were they doing something wrong or different when it came to reaching out to delinquent accouts? By his bookkeepers records, this wasn't the case. He thought perhaps that he was losing clients to a competitor who offered rock-bottom prices with little to no guarantee of quality performance and the folks who owed Fuller money had jumped ship and decided to leave him holding the bag. They couldn't afford to pay him their debt, but they could afford a lesser service, maybe. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Fuller hadn't gone elsewhere. They had just gone home.

The situation looked dire to Patrick Fuller. 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 Linda and shake his head in frustration.

"I have a bad feeling, Lin," he would say with deep woe

."Well, what do you think it is?" she would ask.

Patrick would stare off for a moment and then close eyes. He could see the fleet of trucks he had purchased over the years. He could see them traveling, bringing goods to all of his clients. But somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. What could cause this ultimate death spiral of business?

"I know what it is," Patrick said. "I've relied too long on the profits I receive from invoices alone. I've let too many of our customers go too long without paying on their bills."

Myrtle could only grab her husband's hand and look at him lovingly, "It's a hard economy. It might be awhile until things get settled up."

Patrick knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds.

The next day Patrick strolled into his office and was determined to sit down and make every phone call to every client who had owed Fuller money. Now, it wasn't the most efficient way to spend a day as a chief executive, what he really needed to be doing was to be overseeing all of the other intricacies of shipment and delivery and reaching out to prospective clients or retraining his sales team to do the same. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. Wasting money, wasting time - even with the best of intentions, Patrick knew that he was in trouble.

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 Myrtle knocked at his door.

"Patrick, can I have a word?" she asked standing in the doorway.

"Sure thing Myrtle, come on in." Patrick leaned back in his chair and looked expectantly at Myrtle.

"Well, I did a little searching this afternoon and tried to figure out a way out of this mess Patrick." She pulled a small stack of papers from a folder and set them on the desk before him.

"Have you ever heard of receivable factoring?" Myrtle asked."It sounds vaguely familiar. What is it?" he said.

"Well," she began, "Its actually quite simple really. So basically, receivable factoring invoices would enable us to get paid on the nose for loads that we haul."

"Immediately?" Patrick interrupted.

"Yes, immediately," she continued, "In a nutshell, it's pretty easy. We can have an expert account manager review our numbers and help us complete a company profile. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. Additionally, the receivable factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It's a broad view.”

“I see,” Patrick said. “And then what?”“Well, after their review, and we're approved for a receivable factoring contract, we can negotiate terms and conditions. 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 receivable factoring for our accounts receivable. We come to an agreement and the funding starts pouring out.”

Patrick leaned forward and reviewed the paperwork closely."It sounds too good to be true, Myrtle," he said. "Now, now, I know, I thought the same thing. But really, they have guaranteed us experts that do all the legwork, which would free us up here to focus on our clients in good standing and marketing, all that good stuff. And they're flexible Patrick," she underlined a paragraph on the paper before him.

"How flexible?" he asked.

"They personalize the receivable factoring rates so that the amount they are willing to take on is commensurate with our needs and our client's debt. It only takes 2 to 4 days for this to be figured out.

"That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. 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," Patrick said.

He took a deep breath and looked at his secretary with something she recognized as hope.

"Exactly”. I think this might just be a way out of the trouble we're in with these folks who owe us money."

Patrick thought about this and agreed with Myrtle. The clients who owed them money were long standing friends and professional resources of Fuller. They didn't want to throw away these relationships because they were having trouble paying their bills now. Patrick knew that the economy had taken a hit and he knew that it would probably be a long time before things started to look up again. That unknown amount of time, if he handled these debtors incorrectly, could spell disaster for both of them. He didn't want to lose business but he also didn't want to lose any more money.

"Well, let me think about this tonight Myrtle, thank you." Myrtle nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.

Patrick sat behind his desk and looked over the details Myrtle had not mentioned in their meeting. What other issues could freight receivable factoring help Fuller with? With his pencil gliding down the sheet he noticed that the receivable factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. In fact, Fuller could receive up to fifty-percent cash advances upon load pick-ups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this receivable factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.

"Well, I'll have to tell Billy about this," Patrick muttered to himself.His son-in-law Billy had liked the idea of Fuller 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. Patrick knew then what struggles Billy would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Fuller was hurting, a little guy like Billy was about to catch his death. But, an antidote may have been found in freight receivable factoring and Patrick was soon to find out.

A few months later after going through the entire application process and having the experts review his accounts receivable, credit history and statements, Patrick found himself beginning to dig his way out of the hole his delinquent account holders had created for him.

They took on reasonable receivable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They took that time and refocused effort to offering competitive prices in new territories. Patrick looked back on the dismal months of life before freight receivable factoring and almost shuddered at the thought. Had he missed the boat on this one, he probably wouldn't be in business today.

You Can Find More Truck Driver Factoring Information at Best Atlanta Freight Factoring Companies
and at truckermoney.com

Back to More Trucking Factoring Companies Information.

Watch our Receivables Factoring Company Video below to see how we work for you.

Back to More Trucking Factoring Companies Information.
You Can Find More Information at ogdenphoto.com
and at Largest Factoring Companies

Call Us Today at: 1-866-593-2205

California Oilfield Factoring Services For Trucking Companies

California Oilfield Factoring Services For Trucking Companies and Others

Get CASH NOW for your outstanding invoices.

Back to More Trucking Factoring Companies Information.

Get CASH NOW for your outstanding invoices.

Best Moreno Valley Trucking Factoring Companies and More City Links

New York City Factoring Companies

Los Angeles Factoring Companies

Chicago Factoring Companies

Houston Factoring Companies

Philadelphia Factoring Companies

Phoenix Factoring Companies

San Antonio Factoring Companies

San Diego Factoring Companies

Dallas Factoring Companies

San Jose Factoring Companies

Austin Factoring Companies

Jacksonville Factoring Companies

Indianapolis Factoring Companies

San Francisco Factoring Companies

Columbus Factoring Companies

Fort Worth Factoring Companies

Charlotte Factoring Companies

Detroit Factoring Companies

El Paso Factoring Companies

Memphis Factoring Companies

Boston Factoring Companies

Seattle Factoring Companies

Denver Factoring Companies

Washington DC Factoring Companies

Nashville Davidson Factoring Companies

Baltimore Factoring Companies

Louisville Jefferson Factoring Companies

Portland Factoring Companies

Oklahoma City Factoring Companies

Milwaukee Factoring Companies

Las Vegas Factoring Companies

Albuquerque Factoring Companies

Tucson Factoring Companies

Fresno Factoring Companies

Sacramento Factoring Companies

Long Beach Factoring Companies

Kansas City Factoring Companies

Mesa Factoring Companies

Virginia Beach Factoring Companies

Atlanta Factoring Companies

Colorado Springs Factoring Companies

Raleigh Factoring Companies

Omaha Factoring Companies

Miami Factoring Companies

Oakland Factoring Companies

Tulsa Factoring Companies

Minneapolis Factoring Companies

Cleveland Factoring Companies

Wichita Factoring Companies

Arlington Factoring Companies

New Orleans Factoring Companies

Bakersfield Factoring Companies

Tampa Factoring Companies

Honolulu Factoring Companies

Anaheim Factoring Companies

Aurora Factoring Companies

Santa Ana Factoring Companies

St Louis Factoring Companies

Riverside Factoring Companies

Corpus Christi Factoring Companies

Pittsburgh Factoring Companies

Lexington Fayette Factoring Companies

Anchorage Factoring Companies

Stockton Factoring Companies

Cincinnati Factoring Companies

St. Paul Factoring Companies

Toledo Factoring Companies

Newark Factoring Companies

Greensboro Factoring Companies

Plano Factoring Companies

Henderson Factoring Companies

Lincoln Factoring Companies

Buffalo Factoring Companies

Fort Wayne Factoring Companies

Jersey Factoring Companies

Chula Vista Factoring Companies

Orlando Factoring Companies

St. Petersburg Factoring Companies

Norfolk Factoring Companies

Chandler Factoring Companies

Laredo Factoring Companies

Madison Factoring Companies

Durham Factoring Companies

Lubbock Factoring Companies

Winston Salem Factoring Companies

Garland Factoring Companies

Glendale Factoring Companies

Hialeah Factoring Companies

Reno Factoring Companies

Baton Rouge Factoring Companies

Irvine Factoring Companies

Chesapeake Factoring Companies

Irving Factoring Companies

Scottsdale Factoring Companies

North Las Vegas Factoring Companies

Fremont Factoring Companies

Gilbert town Factoring Companies

San Bernardino Factoring Companies

Boise Factoring Companies

Birmingham Factoring Companies

Rochester Factoring Companies

Richmond Factoring Companies

Spokane Factoring Companies

Des Moines Factoring Companies

Modesto Factoring Companies

Fayetteville Factoring Companies

Tacoma Factoring Companies

Oxnard Factoring Companies

Fontana Factoring Companies

Columbus Factoring Companies

Montgomery Factoring Companies

Moreno Valley Factoring Companies

Shreveport Factoring Companies

Aurora Factoring Companies

Yonkers Factoring Companies

Akron Factoring Companies

Huntington Beach Factoring Companies

Little Rock Factoring Companies

Augusta Factoring Companies

Amarillo Factoring Companies

Glendale Factoring Companies

Mobile Factoring Companies

Grand Rapids Factoring Companies

Salt Lake City Factoring Companies

Tallahassee Factoring Companies

Huntsville Factoring Companies

Grand Prairie Factoring Companies

Knoxville Factoring Companies

Worcester Factoring Companies

Newport News Factoring Companies

Brownsville Factoring Companies

Overland Park Factoring Companies

Santa Clarita Factoring Companies

Providence Factoring Companies

Garden Grove Factoring Companies

Chattanooga Factoring Companies

Oceanside Factoring Companies

Jackson Factoring Companies

Fort Lauderdale Factoring Companies

Santa Rosa Factoring Companies

Rancho Cucamonga Factoring Companies

Port St. Lucie Factoring Companies

Tempe Factoring Companies

Ontario Factoring Companies

Vancouver Factoring Companies

Cape Coral Factoring Companies

Sioux Falls Factoring Companies

Springfield Factoring Companies

Peoria Factoring Companies

Pembroke Pines Factoring Companies

Elk Grove Factoring Companies

Salem Factoring Companies

Lancaster Factoring Companies

Corona Factoring Companies

Eugene Factoring Companies

Palmdale Factoring Companies

Salinas Factoring Companies

Springfield Factoring Companies

Pasadena Factoring Companies

Fort Collins Factoring Companies

Hayward Factoring Companies

Pomona Factoring Companies

Cary Factoring Companies

Rockford Factoring Companies

Alexandria Factoring Companies

Escondido Factoring Companies

Mckinney Factoring Companies

Kansas City Factoring Companies

Joliet Factoring Companies

Sunnyvale Factoring Companies

Torrance Factoring Companies

Bridgeport Factoring Companies

Lakewood Factoring Companies

Hollywood Factoring Companies

Paterson Factoring Companies

Naperville Factoring Companies

Syracuse Factoring Companies

Mesquite Factoring Companies

Dayton Factoring Companies

Savannah Factoring Companies

Clarksville Factoring Companies

Orange Factoring Companies

Pasadena Factoring Companies

Fullerton Factoring Companies

Killeen Factoring Companies

Frisco Factoring Companies

Hampton Factoring Companies

Mcallen Factoring Companies

Warren Factoring Companies

Bellevue Factoring Companies

West Valley City Factoring Companies

Columbia Factoring Companies

Olathe Factoring Companies

Sterling Heights Factoring Companies

New Haven Factoring Companies

Miramar Factoring Companies

Waco Factoring Companies

Thousand Oaks Factoring Companies

Cedar Rapids Factoring Companies

Charleston Factoring Companies

Visalia Factoring Companies

Topeka Factoring Companies

Elizabeth Factoring Companies

Gainesville Factoring Companies

Thornton Factoring Companies

Roseville Factoring Companies

Carrollton Factoring Companies

Coral Springs Factoring Companies

Stamford Factoring Companies

Simi Valley Factoring Companies

Concord Factoring Companies

Hartford Factoring Companies

Kent Factoring Companies

Lafayette Factoring Companies

Midland Factoring Companies

Surprise Factoring Companies

Denton Factoring Companies

Victorville Factoring Companies

Evansville Factoring Companies

Santa Clara Factoring Companies

Abilene Factoring Companies

Athens Factoring Companies

Vallejo Factoring Companies

Allentown Factoring Companies

Norman Factoring Companies

Beaumont Factoring Companies

Independence Factoring Companies

Murfreesboro Factoring Companies

Ann Arbor Factoring Companies

Springfield Factoring Companies

Berkeley Factoring Companies

Peoria Factoring Companies

Provo Factoring Companies

El Monte Factoring Companies

Columbia Factoring Companies

Lansing Factoring Companies

Fargo Factoring Companies

Downey Factoring Companies

Costa Mesa Factoring Companies

Wilmington Factoring Companies

Arvada Factoring Companies

Inglewood Factoring Companies

Miami Gardens Factoring Companies

Carlsbad Factoring Companies

Westminster Factoring Companies

Rochester Factoring Companies

Odessa Factoring Companies

Manchester Factoring Companies

Elgin Factoring Companies

West Jordan Factoring Companies

Round Rock Factoring Companies

Clearwater Factoring Companies

Waterbury Factoring Companies

Gresham Factoring Companies

Fairfield Factoring Companies

Billings Factoring Companies

Lowell Factoring Companies

Ventura Factoring Companies

Pueblo Factoring Companies

High Point Factoring Companies

West Covina Factoring Companies

Richmond Factoring Companies

Murrieta Factoring Companies

Cambridge Factoring Companies

Antioch Factoring Companies

Temecula Factoring Companies

Norwalk Factoring Companies

Centennial Factoring Companies

Everett Factoring Companies

Palm Bay Factoring Companies

Wichita Falls Factoring Companies

Green Bay Factoring Companies

Daly City Factoring Companies

Burbank Factoring Companies

Richardson Factoring Companies

Pompano Beach Factoring Companies

North Charleston Factoring Companies

Broken Arrow Factoring Companies

Boulder Factoring Companies

West Palm Beach Factoring Companies

Santa Maria Factoring Companies

El Cajon Factoring Companies

Davenport Factoring Companies

Rialto Factoring Companies

Edison Factoring Companies

Las Cruces Factoring Companies

San Mateo Factoring Companies

Lewisville Factoring Companies

South Bend Factoring Companies

Lakeland Factoring Companies

Erie Factoring Companies

Woodbridge Factoring Companies

Tyler Factoring Companies

Pearland Factoring Companies

College Station Factoring Companies

Albany Factoring Companies

Allegheny Factoring Companies

Brooklyn Factoring Companies

Camden Factoring Companies

Canton Factoring Companies

Dearborn Factoring Companies

Duluth Factoring Companies

Fall River Factoring Companies

Flint Factoring Companies

Gary Factoring Companies

Hammond Factoring Companies

Kenosha Factoring Companies

Livonia Factoring Companies

Lynn Factoring Companies

Macon Factoring Companies

New Bedford Factoring Companies

Niagara Falls Factoring Companies

Parma Factoring Companies

Portsmouth Factoring Companies

Reading Factoring Companies

Roanoke Factoring Companies

Scranton Factoring Companies

Somerville Factoring Companies

St. Joseph Factoring Companies

Trenton Factoring Companies

Utica Factoring Companies

Wilmington Factoring Companies

Youngstown Factoring Companies

Alabama Factoring Companies

Alaska Factoring Companies

Arizona Factoring Companies

Arkansas Factoring Companies

California Factoring Companies

Colorado Factoring Companies

Connecticut Factoring Companies

Delaware Factoring Companies

Florida Factoring Companies

Georgia Factoring Companies

Hawaii Factoring Companies

Idaho Factoring Companies

Illinois Factoring Companies

Indiana Factoring Companies

Iowa Factoring Companies

Kansas Factoring Companies

Kentucky Factoring Companies

Louisiana Factoring Companies

Maine Factoring Companies

Maryland Factoring Companies

Massachusetts Factoring Companies

Michigan Factoring Companies

Minnesota Factoring Companies

Mississippi Factoring Companies

Missouri Factoring Companies

Montana Factoring Companies

Nebraska Factoring Companies

Nevada Factoring Companies

New Hampshire Factoring Companies

New Jersey Factoring Companies

New Mexico Factoring Companies

New York Factoring Companies

North Carolina Factoring Companies

North Dakota Factoring Companies

Ohio Factoring Companies

Oklahoma Factoring Companies

Oregon Factoring Companies

Pennsylvania Factoring Companies

Rhode Island Factoring Companies

South Carolina Factoring Companies

South Dakota Factoring Companies

Tennessee Factoring Companies

Texas Factoring Companies

Utah Factoring Companies

Vermont Factoring Companies

Virginia Factoring Companies

Washington Factoring Companies

West Virginia Factoring Companies

Wisconsin Factoring Companies

Wyoming Factoring Companies

Best Alabama Factoring Companies

Best Alaska Factoring Companies

Best Arizona Factoring Companies

Best Arkansas Factoring Companies

Best California Factoring Companies

Best Colorado Factoring Companies

Best Connecticut Factoring Companies

Best Delaware Factoring Companies

Best Florida Factoring Companies

Best Georgia Factoring Companies

Best Hawaii Factoring Companies

Best Idaho Factoring Companies

Best Illinois Factoring Companies

Best Indiana Factoring Companies

Best Iowa Factoring Companies

Best Kansas Factoring Companies

Best Kentucky Factoring Companies

Best Louisiana Factoring Companies

Best Maine Factoring Companies

Best Maryland Factoring Companies

Best Massachusetts Factoring Companies

Best Michigan Factoring Companies

Best Minnesota Factoring Companies

Best Mississippi Factoring Companies

Best Missouri Factoring Companies

Best Montana Factoring Companies

Best Nebraska Factoring Companies

Best Nevada Factoring Companies

Best New Hampshire Factoring Companies

Best New Jersey Factoring Companies

Best New Mexico Factoring Companies

Best New York Factoring Companies

Best North Carolina Factoring Companies

Best North Dakota Factoring Companies

Best Ohio Factoring Companies

Best Oklahoma Factoring Companies

Best Oregon Factoring Companies

Best Pennsylvania Factoring Companies

Best Rhode Island Factoring Companies

Best South Carolina Factoring Companies

Best South Dakota Factoring Companies

Best Tennessee Factoring Companies

Best Texas Factoring Companies

Best Utah Factoring Companies

Best Vermont Factoring Companies

Best Virginia Factoring Companies

Best Washington Factoring Companies

Best West Virginia Factoring Companies

Best Wisconsin Factoring Companies

Find The Best Factoring Companies

Government Invoice Factoring Companies

Healthcare Factoring Companies

How Does Freight Factoring Work

Invoice Discounting

Invoice Factoring

Invoice Factoring Broker

Invoice Factoring Companies

Invoice Factoring Rates

Invoice Factoring Reviews

Invoice Factoring Services

Medical Factoring Companies

Medical Staffing Factoring

Oilfield Factoring Companies

Oilfield Services Factoring

Oilfield Services Factoring Companies

Payroll Factoring Companies

Payroll Funding For Staffing Companies

Staffing Agency Factoring Companies

Staffing Factoring

Staffing Factoring Companies

Temporary Staffing Payroll Services

Top Factoring Companies

Top Invoice Factoring Companies

Top Rated Factoring Companies

Factoring Companies Reviews

Accounts Receivable Factoring

Accounts Receivable Factoring Companies

Accounts Receivable Factoring Rates

Accounts Receivable Financing

Accounts Receivable Financing Companies

Accounts Receivable Financing Rates

Best New York City Trucking Factoring Companies

Best Los Angeles Trucking Factoring Companies

Best Chicago Trucking Factoring Companies

Best Houston Trucking Factoring Companies

Best Philadelphia Trucking Factoring Companies

Best Phoenix Trucking Factoring Companies

Best San Antonio Trucking Factoring Companies

Best San Diego Trucking Factoring Companies

Best Dallas Trucking Factoring Companies

Best San Jose Trucking Factoring Companies

Best Austin Trucking Factoring Companies

Best Jacksonville Trucking Factoring Companies

Best Indianapolis Trucking Factoring Companies

Best San Francisco Trucking Factoring Companies

Best Columbus Trucking Factoring Companies

Best Fort Worth Trucking Factoring Companies

Best Charlotte Trucking Factoring Companies

Best Detroit Trucking Factoring Companies

Best El Paso Trucking Factoring Companies

Best Memphis Trucking Factoring Companies

Best Boston Trucking Factoring Companies

Best Seattle Trucking Factoring Companies

Best Denver Trucking Factoring Companies

Best Washington Dc Trucking Factoring Companies

Best Nashville Davidson Trucking Factoring Companies

Best Baltimore Trucking Factoring Companies

Best Louisville Jefferson Trucking Factoring Companies

Best Portland Trucking Factoring Companies

Best Oklahoma City Trucking Factoring Companies

Best Milwaukee Trucking Factoring Companies

Best Las Vegas Trucking Factoring Companies

Best Albuquerque Trucking Factoring Companies

Best Tucson Trucking Factoring Companies

Best Fresno Trucking Factoring Companies

Best Sacramento Trucking Factoring Companies

Best Long Beach Trucking Factoring Companies

Best Kansas City Trucking Factoring Companies

Best Mesa Trucking Factoring Companies

Best Virginia Beach Trucking Factoring Companies

Best Atlanta Trucking Factoring Companies

Best Colorado Springs Trucking Factoring Companies

Best Raleigh Trucking Factoring Companies

Best Omaha Trucking Factoring Companies

Best Miami Trucking Factoring Companies

Best Oakland Trucking Factoring Companies

Best Tulsa Trucking Factoring Companies

Best Minneapolis Trucking Factoring Companies

Best Cleveland Trucking Factoring Companies

Best Wichita Trucking Factoring Companies

Best Arlington Trucking Factoring Companies

Best New Orleans Trucking Factoring Companies

Best Bakersfield Trucking Factoring Companies

Best Tampa Trucking Factoring Companies

Best Honolulu Trucking Factoring Companies

Best Anaheim Trucking Factoring Companies

Best Aurora Trucking Factoring Companies

Best Santa Ana Trucking Factoring Companies

Best St Louis Trucking Factoring Companies

Best Riverside Trucking Factoring Companies

Best Corpus Christi Trucking Factoring Companies

Best Pittsburgh Trucking Factoring Companies

Best Lexington Fayette Trucking Factoring Companies

Best Anchorage Trucking Factoring Companies

Best Stockton Trucking Factoring Companies

Best Cincinnati Trucking Factoring Companies

Best St Paul Trucking Factoring Companies

Best Toledo Trucking Factoring Companies

Best Newark Trucking Factoring Companies

Best Greensboro Trucking Factoring Companies

Best Plano Trucking Factoring Companies

Best Henderson Trucking Factoring Companies

Best Lincoln Trucking Factoring Companies

Best Buffalo Trucking Factoring Companies

Best Fort Wayne Trucking Factoring Companies

Best Jersey Trucking Factoring Companies

Best Chula Vista Trucking Factoring Companies

Best Orlando Trucking Factoring Companies

Best St Petersburg Trucking Factoring Companies

Best Norfolk Trucking Factoring Companies

Best Chandler Trucking Factoring Companies

Best Laredo Trucking Factoring Companies

Best Madison Trucking Factoring Companies

Best Durham Trucking Factoring Companies

Best Lubbock Trucking Factoring Companies

Best Winston Salem Trucking Factoring Companies

Best Garland Trucking Factoring Companies

Best Glendale Trucking Factoring Companies

Best Hialeah Trucking Factoring Companies

Best Reno Trucking Factoring Companies

Best Baton Rouge Trucking Factoring Companies

Best Irvine Trucking Factoring Companies

Best Chesapeake Trucking Factoring Companies

Best Irving Trucking Factoring Companies

Best Scottsdale Trucking Factoring Companies

Best North Las Vegas Trucking Factoring Companies

Best Fremont Trucking Factoring Companies

Best Gilbert Town Trucking Factoring Companies

Best San Bernardino Trucking Factoring Companies

Best Boise Trucking Factoring Companies

Best Birmingham Trucking Factoring Companies

Best Rochester Trucking Factoring Companies

Best Richmond Trucking Factoring Companies

Best Spokane Trucking Factoring Companies

Best Des Moines Trucking Factoring Companies

Best Modesto Trucking Factoring Companies

Best Fayetteville Trucking Factoring Companies

Best Tacoma Trucking Factoring Companies

Best Oxnard Trucking Factoring Companies

Best Fontana Trucking Factoring Companies

Best Columbus Trucking Factoring Companies

Best Montgomery Trucking Factoring Companies

Best Moreno Valley Trucking Factoring Companies

Best Shreveport Trucking Factoring Companies

Best Aurora Trucking Factoring Companies

Best Yonkers Trucking Factoring Companies

Best Akron Trucking Factoring Companies

Best Huntington Beach Trucking Factoring Companies

Best Little Rock Trucking Factoring Companies

Best Augusta Trucking Factoring Companies

Best Amarillo Trucking Factoring Companies

Best Glendale Trucking Factoring Companies

Best Mobile Trucking Factoring Companies

Best Grand Rapids Trucking Factoring Companies

Best Salt Lake City Trucking Factoring Companies

Best Tallahassee Trucking Factoring Companies

Best New York City Freight Factoring Companies

Best Los Angeles Freight Factoring Companies

Best Chicago Freight Factoring Companies

Best Houston Freight Factoring Companies

Best Philadelphia Freight Factoring Companies

Best Phoenix Freight Factoring Companies

Best San Antonio Freight Factoring Companies

Best San Diego Freight Factoring Companies

Best Dallas Freight Factoring Companies

Best San Jose Freight Factoring Companies

Best Austin Freight Factoring Companies

Best Jacksonville Freight Factoring Companies

Best Indianapolis Freight Factoring Companies

Best San Francisco Freight Factoring Companies

Best Columbus Freight Factoring Companies

Best Fort Worth Freight Factoring Companies

Best Charlotte Freight Factoring Companies

Best Detroit Freight Factoring Companies

Best El Paso Freight Factoring Companies

Best Memphis Freight Factoring Companies

Best Boston Freight Factoring Companies

Best Seattle Freight Factoring Companies

Best Denver Freight Factoring Companies

Best Washington Dc Freight Factoring Companies

Best Nashville Davidson Freight Factoring Companies

Best Baltimore Freight Factoring Companies

Best Louisville Jefferson Freight Factoring Companies

Best Portland Freight Factoring Companies

Best Oklahoma City Freight Factoring Companies

Best Milwaukee Freight Factoring Companies

Best Las Vegas Freight Factoring Companies

Best Albuquerque Freight Factoring Companies

Best Tucson Freight Factoring Companies

Best Fresno Freight Factoring Companies

Best Sacramento Freight Factoring Companies

Best Long Beach Freight Factoring Companies

Best Kansas City Freight Factoring Companies

Best Mesa Freight Factoring Companies

Best Virginia Beach Freight Factoring Companies

Best Atlanta Freight Factoring Companies

Best Colorado Springs Freight Factoring Companies

Best Raleigh Freight Factoring Companies

Best Omaha Freight Factoring Companies

Best Miami Freight Factoring Companies

Best Oakland Freight Factoring Companies

Best Tulsa Freight Factoring Companies

Best Minneapolis Freight Factoring Companies

Best Cleveland Freight Factoring Companies

Best Wichita Freight Factoring Companies

Best Arlington Freight Factoring Companies

Best New Orleans Freight Factoring Companies

Best Bakersfield Freight Factoring Companies

Best Tampa Freight Factoring Companies

Best Honolulu Freight Factoring Companies

Best Anaheim Freight Factoring Companies

Best Aurora Freight Factoring Companies

Best Santa Ana Freight Factoring Companies

Best St Louis Freight Factoring Companies

Best Riverside Freight Factoring Companies

Best Corpus Christi Freight Factoring Companies

Best Pittsburgh Freight Factoring Companies

Best Lexington Fayette Freight Factoring Companies

Best Anchorage Freight Factoring Companies

Best Stockton Freight Factoring Companies

Best Cincinnati Freight Factoring Companies

Best St Paul Freight Factoring Companies

Best Toledo Freight Factoring Companies

Best Newark Freight Factoring Companies

Best Greensboro Freight Factoring Companies

Best Plano Freight Factoring Companies

Best Henderson Freight Factoring Companies

Best Lincoln Freight Factoring Companies

Best Buffalo Freight Factoring Companies

Best Fort Wayne Freight Factoring Companies

Best Jersey Freight Factoring Companies

Best Chula Vista Freight Factoring Companies

Best Orlando Freight Factoring Companies

Best St Petersburg Freight Factoring Companies

Best Norfolk Freight Factoring Companies

Best Chandler Freight Factoring Companies

Best Laredo Freight Factoring Companies

Best Madison Freight Factoring Companies

Best Durham Freight Factoring Companies

Best Lubbock Freight Factoring Companies

Best Winston Salem Freight Factoring Companies

Best Garland Freight Factoring Companies

Best Glendale Freight Factoring Companies

Best Hialeah Freight Factoring Companies

Best Reno Freight Factoring Companies

Best Baton Rouge Freight Factoring Companies

Best Irvine Freight Factoring Companies

Best Chesapeake Freight Factoring Companies

Best Irving Freight Factoring Companies

Best Scottsdale Freight Factoring Companies

Best North Las Vegas Freight Factoring Companies

Best Fremont Freight Factoring Companies

Best Gilbert Town Freight Factoring Companies

Best San Bernardino Freight Factoring Companies

Best Boise Freight Factoring Companies

Best Birmingham Freight Factoring Companies

Best Rochester Freight Factoring Companies

Best Richmond Freight Factoring Companies

Best Spokane Freight Factoring Companies

Best Des Moines Freight Factoring Companies

Best Modesto Freight Factoring Companies

Best Fayetteville Freight Factoring Companies

Best Tacoma Freight Factoring Companies

Best Oxnard Freight Factoring Companies

Best Fontana Freight Factoring Companies

Best Columbus Freight Factoring Companies

Best Montgomery Freight Factoring Companies

Best Moreno Valley Freight Factoring Companies

Best Shreveport Freight Factoring Companies

Best Aurora Freight Factoring Companies

Best Yonkers Freight Factoring Companies

Best Akron Freight Factoring Companies

Best Huntington Beach Freight Factoring Companies

Best Little Rock Freight Factoring Companies

Best Augusta Freight Factoring Companies

Best Amarillo Freight Factoring Companies

Best Glendale Freight Factoring Companies

Best Mobile Freight Factoring Companies

Best Grand Rapids Freight Factoring Companies

Best Salt Lake City Freight Factoring Companies

Best Tallahassee Freight Factoring Companies

Account Receivable Factoring

Account Receivable Finance

Account Receivable Financing

Account Receivable Funding

Account Receivables Factoring

Account Receivables Financing

Accounts Receivable Buyers

Accounts Receivable Factor

Accounts Receivable Factoring

Accounts Receivable Factoring Companies

Accounts Receivable Factoring Rates

Accounts Receivable Financing

Accounts Receivable Financing Companies

Accounts Receivable Financing Rates

Accounts Receivable Lending

Accounts Receivable Loans

Accounts Receivables Finance

Accounts Receivables Lending

An Accounts Receivables Loan

Best Factoring Companies

Best Factoring Companies For Small Businesses

Best Invoice Factoring Company

Best Rated Factoring Companies

Business Accounts Receivable Loans

Buy Accounts Receivable

Buy Receivables

Commercial Factoring

Construction Factoring Companies

Factoring Companies Brokers

Factoring Companies Reviews

Factoring Company

Factoring Company Rates

Factoring Finance

Factoring Financial Services

Factoring Receivables

Factoring Receivables Companies

Factoring Service

Factoring Services

Factoring Small Business

Find The Best Factoring Companies

Government Invoice Factoring Companies

Healthcare Factoring Companies

How Does Freight Factoring Work

Invoice Discounting

Invoice Factoring

Invoice Factoring Broker

Invoice Factoring Companies

Invoice Factoring Rates

Invoice Factoring Reviews

Invoice Factoring Services

Invoice Financing

Invoice Funding

Largest Factoring Companies

Largest Freight Factoring Companies

List Of Factoring Companies

Medical Factoring Companies

Medical Staffing Factoring

Oilfield Factoring Companies

Oilfield Services Factoring

Oilfield Services Factoring Companies

Payroll Factoring Companies

Payroll Funding For Staffing Companies

Receivable Factoring

Receivable Factoring Companies

Receivable Factoring Rates

Receivables Factoring

Receivables Factoring Companies

Receivables Factoring Rates

Receivables Factoring With Recourse

Sale Of Accounts Receivable

Sale Receivables

Sell Account Receivables

Sell Receivables

Sell Your Accounts Receivable

Staffing Agency Factoring Companies

Staffing Factoring

Staffing Factoring Companies

Temporary Staffing Payroll Services

Top Factoring Companies

Top Invoice Factoring Companies

Top Rated Factoring Companies

California Oilfield Factoring Services for Trucking companies

Skip to Top

Back to More Trucking Factoring Companies Information.

California Staffing Factoring Services for Trucking companies

Skip to Top

Back to More Trucking Factoring Companies Information.

We provide Best Moreno Valley Trucking Factoring Companies services for companies and industries
in every state including 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

You Can Find More Information at ogdenphoto.com
and at Largest Factoring Companies

Contact

Why A Factoring Company

Factoring Company History

Credit Risk

Switching Factoring Companies

How a Factoring Company works

Is A Factoring Company For You

Factoring Company Benefits

City State Sitemap

City Sitemap

State Sitemap

Trucking Industry Sitemap

xml Sitemap

Call Us Today at:
1-866-593-2205

Skip to Top

Back to More Trucking Factoring Companies Information.

Breaking News! There Is A Big Difference separating transportation factoring Businesses

You're probably thinking, "I'm too busy for this!"

All the others don't even come close!

Haven't heard of Receivables Factoring?

Receivables Factoring is Not a Loan

Receivables Factoring Doesn't Require Debt

so how do you pick the correct receivable factoring company FOR YOUR Moreno Valley company?

HERE'S WHY OUR CLIENTS HAPPILY REFER US.

FINANCIALLY SOLID AS A ROCK

GATEWAY INTO A KING-SIZE NETWORK

No Minimum

Transparent Fees

Higher Advance Rates

Personalized Solutions

Dedicated Account Administrators

Industry Veterans

Our Business is Your Business

Payment Trend Alerts

Customer Credit History

advanced TECHNOLOGY

We have the best deals for the transportation industry!

We have the best deals for the transportation industry!

We have the best deals for the transportation industry!

Enjoy exclusive savings on all your trucking needs.

Fuel Savings

Maintenance Savings

Insurance, Legal & Hotels

Tire Savings

Equipment Savings

Business Solutions

Technology Savings

Enjoy exclusive savings on all your trucking needs.

Enjoy exclusive savings on all your trucking needs.

Fuel Savings

Maintenance Savings

Insurance, Legal & Hotels

Tire Savings

Equipment Savings

Business Solutions

Technology Savings

Get Started Today— Set Up is Easy and Quick!

As you can see, we simply have more to offer you.

And Not All Factoring Companies Can State This:

So, Can Your Moreno Valley Company USE Factoring?

HERE ARE JUST A FEW OF THE BENEFITS YOU Receive WITH FACTORING:

So there you have it.

Factoring History

How Factoring Works

Why Factoring?

Is Invoice Factoring For You?

Credit Risk

Switching Factoring Companies

Get CASH NOW for your outstanding invoices.

Best Moreno Valley Trucking Factoring Companies Articles

receivable factoring in the Future of a Freight Business: A Story

Best Moreno Valley Trucking Factoring Companies Articles

Why Do Companies Choose receivable factoring?

Best Moreno Valley Trucking Factoring Companies Articles

How receivable factoring Companies Help freight Companies

Best Moreno Valley Trucking Factoring Companies Articles

Again receivable factoring To The Rescue

Watch our Receivables Factoring Company Video below to see how we work for you.

Call Us Today at: 1-866-593-2205

California Oilfield Factoring Services For Trucking Companies

California Oilfield Factoring Services For Trucking Companies and Others

Get CASH NOW for your outstanding invoices.

Get CASH NOW for your outstanding invoices.

California Oilfield Factoring Services for Trucking companies

California Staffing Factoring Services for Trucking companies

Call Us Today at: 1-866-593-2205

Customer
Credit History

We have the best deals for the
transportation industry!

We have the best deals for
the transportation industry!

Enjoy exclusive savings
on all your trucking needs.

Enjoy exclusive savings
on all your trucking needs.

Get Started Today—
Set Up is Easy and Quick!

Call Us Today at:
1-866-593-2205