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"

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

 

"

Alabama Cities

Alabama

 

You could have been aware of truck factoring but you could mistake exactly what it is or much more notably what it can possibly do for your firm. Trucking Factoring also called receivables funding is a form of asset based lending that will increase a business' short-term cash flow. This is not a loan; no debt obligation is assumed by trucking receivables finance ,and the money is unconditional. Factoring Invoice Trucking Companies in Small Business Accounts Alabama Factoring Company at Staffingresource.org- providing discounting of receivables packages alabama-factoring-company

Staffingresource.org-Alabama Factoring Company

Birmingham

Alabama

Factoring Invoice Trucking Companies

So the next time your trucking establishment is having some short-term cash flow issues and you are investing a bit too much time chasing inactive paying customers, why not start off thinking about using a factoring companies as a means to get your money and give yourself a more pleasant future in the eyes of your trucking personnel and your bank dividend?

 

Factoring Companies Reviews at Accountreceivableloan.Co.Uk

Medical Invoice Factoring Companies

The reason why Truck Agencies Utilize Factoring Companies.

 

As the manager of your own business, you may be much more than aware already of the difficulty in making sure that capital issues do not become a difficulty down the line. Anyway, the toughest thing that can possibly develop for your business is to find yourself dragged in a long and perplexing circumstance that leaves you forever searching for the resources you need to have on an continuing basis.

 

 



Best Factoring Companies-Accountsreceivablefinance.Org

 

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

 

Factoring Invoice Rate Companies

So the next time your trucking establishment is having some short-term cash flow issues and you are investing a bit too much time chasing inactive paying customers, why not start off thinking about using a factoring companies as a means to get your money and give yourself a more pleasant future in the eyes of your trucking personnel and your bank dividend?

 



Best Factoring Companies-Accountsreceivablefinance.Org

 

 

 

Factoring Fees

 

Factoring Fees

 

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

Cash flow does not have to be an issue any more. Do not be deceived -- banks are not the only places you can get financing. Other options are available and you do not have to borrow money. What is trucking factoring ? One option is called truck factoring. Trucking Factoring is the procedure of offering accounts receivable to a financier rather than waiting to collect the cash from the customer. Oh, the Irony- Truck factoring has a paradoxical difference: It is the monetary foundation of many of America's most effective companies. Why is this ironic ? Since staffing factoring is not instructed in business colleges, is seldom discussed in business plans and is relatively unidentified to bulk of most of American business individuals.

Yet it is a financial process that releases up billions of dollars every year, enabling countless companies to grow and prosper. FACTORING has been around for thousands of years. Truck Factoring Companies are financiers who pay money for the right to get the future payments on your invoices. An overdue receivable or invoice has value. It is a debt your customer has agreed pay in the near future. Factoring Principals--Although factoring offers solely with business-to-business transactions, a big percentage of the retail company utilizes a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail transactions. Using the purest meaning of the word, these large consumer finance business are truly simply big Accounts Receivable Factoring Companies of consumer paper. Consider it: You purchase at Sears and charge it to your MasterCard. The shop makes money practically immediately, even though you do not pay until you are ready.

For this service, the charge card business charges Sears a fee (typical common normal charges range from 2 to four percent of the sale). The Advantages Receivable Financing can offer many benefits to cash-hungry companies. Instead of waiting 30, 60, 90 days or longer for payment on an item that has already been delivered, a company can factor (sell) its receivables for money at a little discount off the dollar value of the invoice. Payroll, advertising efforts, and working capital are just a few of the company needs that can be met with instant  money.

Factoring offers the ways for a producer to replenish stock and make even more items to offer: There is no longer a need to await for earlier sales to be paid. Receivable Loan Financing is not just a cash management tool for manufacturers: Practically any kind business can take advantage of Receivable Funding. Typically, a company that extends credit will have 10 to 20 percent of its yearly sales tied up in accounts receivable at any given time. Think for a moment about exactly how much is tied up in 60 days' worth of invoices: You can not pay the power expense or today s payroll with a client s invoice, however you can sell that invoice for the money to meet those obligations. Using trucking factoring companies is a fast and simple procedure. The factor purchases the invoice at a price cut, typically a few portion points less than the face value of the invoice.

Receivablesfinance.Org/

 

Alabama Factoring Company

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The American Truck Organization
mentions that there are about
205,000 workers with freight trucking
businesses and
276,000 private providers trucking
firms licensed to
operate in the States that transferred,
according to their latest data of millions
items, supplies and
basic products .
There are numerous usual
providers either going solo or in
groups on our country
highways carrying these
vital products to our
stores, manufacturingplants and harbors.

Moreover  freight bill factoring
corporations benefit
many of them and offer their
receivables financing services
countrywide including
including the following states.


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

Alabama Factoring Company

 

View Our Truck Factoring YouTube Videos For More Information

 

Receivable loan company Calculator
This calculator will show you how much you will make by using our receivable loan company . But, as your about to discover, you will certainly notice the increased cash flow that will occur when you use our receivable loan company
Enter the principal balance of your receivable loan company
(call your receivable loan company lender and ask for the current payoff amount):
Enter the amount of your monthly receivable loan company payment:
(invoice amount):
Enter the your receivable loan company's current interest rate:

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

 

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

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

 

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

 

Life of a Truck driver, like many other professionals can be very challenging, rewarding, and frustrating at the same time. �The com� is an information site for many of the Truckers needs. It is designed to encompass the needs of the Trucker, both on the Road and at Home.

List of Trucking Companies for Owner/Operators and Company Drivers

 

Searching for the right trucking companies to move your freight can be tough, with the large amount of local, regional, and national truck carriers out there. Center helps make freight shipping simple, finding you the safest, reliable trucking companies every time you ship. Trucking companies are licensed and insured to carry freight safely and efficiently across the country, no matter the size or type of freight you need to ship.Plus, with the high volume of freight we move, we will work to get you the best freight rates possible. Simply enter in a few details below and you�ll see instant freight rates from all the top trucking companies in one easy screen

 

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

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

 

 

 

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Thousands Now Play Who Never Thought They Could

 

"

�So It is not a loan?� asked Robert Gray, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she stated.Robert was the owner of a small trucking company which had fallen on some hard times recently. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Paul. He named his business Gregory Trucking, named after Alfredo and Joe, his two grandfathers. Both of these men had been very hardworking and had set a great example for Paul.Six months ago disaster struck Paul's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. Robert depended on his full fleet, and missing two trucks was devastating . Furthermore, buying a whole new truck and fixing the other simply took more cash than Robert had on hand.Paying of bills in the trucking industry is always a major cause for concern for businesses.

 

Waiting a month or longer for bills to be paid was quite normal. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Robert wasn�t a bad owner, and he hadn�t messed up. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.That�s where the woman across the desk came in. Her name was Stacey and she worked for a factoring company. He had accidentally come across her company one night when he was working late, searching the internet to see if there was some solution to his financial dilemma.Stacey explained. �It�s not a loan, we purchase your accounts receivable. We aren�t giving you money to be paid back later, we�re buying something from you, and you can buy it back when you can. This is a win-win situation: we are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Robert nodded. It sounded good to him, almost too good.Stacey laughed. �You look like you don�t believe me,� she chuckled.�No, I do, I just think it sounds a bit too good to be true. I actually thought I might end up losing my business.�Stacey smiled, agreeing. �Yes, we get a lot of that. Listen, I�d hate to see you lose your company. We know how hard you work, and that you've invested everything in your business. We all need help sometimes. That's why we do what we do.""In any case, thank you for coming to see me.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� said Stacey with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Robert filled the form out, with Stacey available to help him if he needed it. The profile filled Stacey and her company in on Paul�s company, and would help them determine if he was suitable for factoring. Unfortunately, not all companies are. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. Listening as Robert filled out his form, Stacey was pretty sure he was a perfect candidate for factoring.When the form was done Stacey took it and slid it into her briefcase. Standing up, she reached over the desk and shook Paul's hand. He stood before they shook as well, and then smiled. They said their goodbyes and Robert walked her to the door, and then returned to his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He leaned back and closed his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. But now, after speaking to Stacey and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The sudden panic attacks, not matter where he was. He could feel it all fading away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was still here; he knew this was the right path for him, and he felt proud that he had taken the appropriate steps to sort out his problems.His mind wandered back to the very beginning, when he first started his business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been successful. Offering home cooking in his own hometown, his business had really prospered.But he had gotten bored. He wasn't passionate about the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took six months off, and during that time he decided to create Gregory Trucking. So he did it. Once again he built a company from the ground up. He had been successful.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was nearing fifty. He didn�t think he had it in him, to save this company. But he couldn�t give up. Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically sick some nights. He did not want to quit - both for himself and for his staff members.And now it seemed as though he would not have to - all because of Factoring. Paul's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.

 

"

 

 

 

 

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Transportation Factoring Trucking

 

"

Ward Truck & Haul have been operating their business since the mid 1980s. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the heady times from 2002 to 2007, Ward was a top rated accounts receivable mastermind of the trucking industry. Very few customers were behind on their bills, and those customers who were late turned in their overdue payments within an acceptable time frame. Times were great for everyone, and the cash was flowing.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, Ward had noticed during the early part of 2008 that though the bulk of their clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. Spring changed to summer, summer changed to fall, and the CEO of Ward, Benjamin Bailey, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The numbers of clients who owed him back debt were growing.He had already been to the administrators to ask what the actual problem was. Were they doing something wrong or different when it came to reaching out to delinquent accounts? When checking his bookkeeper's records this was definitely not the case. Perhaps he was losing his customers to his competitor, who seemed to offer very low prices with no guarantee of quality or performance, and these clients who were in debt to his company had possibly disappeared leaving him stranded. They could not afford to pay him their debt, but they could afford a lesser service, maybe. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Ward hadn't gone elsewhere. They had just gone home.The situation looked dire to Benjamin Bailey. Benjamin was very concerned, because there were constant overheads, goods to ship, employees to pay, and trucks which needed to be maintained, but there just wasn't the money coming back into the business. In the evenings he would discuss his concerns with his wife, Janice, and still find no relief from the worry and frustration.

 

""Lin, I have a really bad feeling,"" he would say with deep woe.""What could you do differently?"" she would ask.Benjamin would stare off for a moment and then close eyes. He could see the fleet of trucks he had purchased over the years. He could see them on the road, delivering good to all his loyal customers. But 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 think I know what it could be,"" Benjamin said. ""For way too long I've been relying solely on profits received from invoices. I've let too many of our customers go too long without paying on their bills."" Linda could only grab her husband's hand and look at him lovingly, ""it is a hard economy. It might be awhile until things get settled up.

 

""Janice was trying so hard to support her husband in these worrying times, while Benjamin was weighed down with the worry of how he was going to handle this situation he found himself in.The following day Benjamin walked into his office with a spring in his step, determined to call each and every client who owed money to Ward Truck & Haul. This wasn't really a very efficient way for a Chief Executive to spend his day, and Benjamin knew he should be overseeing all the other sides of the business, such as shipments and deliveries, approaching prospective customers, or working with his sales team. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. A waste of time - a waste of money - he had the best intentions, but all the while Benjamin was realising just how much trouble he was in.After a half day of contacting debtors in vain - they dodged his calls or promised to call back at worst or made minimal interest-only payments at best - he was about to throw in the towel when his secretary Marionerley knocked at his door.

 

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

 

""Of course Marion, please come in."" Benjamin leaned back in his chair and looked expectantly at Marionerely.""Well Benjamin, this afternoon I did some research, trying to work out how we are going to get out of this mess."" She opened up a folder she had been carrying and pulled out a small wad of papers, placing them on the desk in front of him.""Have you ever heard of factoring?"" she asked.""It does sound vaguely familiar. What is factoring""? he asked.""Well,"" she began, ""It�s actually quite simple really.

 

So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Benjamin interrupted ""Immediately?"".""Immediately, yes"" she added, ""it is actually very simple. We start by having a professional account manager review our figures and help us set up a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. Additionally, the factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It�s a broad view.""Benjamin replied cautiously ""I see - and what happens then?""Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. There�s a lot of flexibility depending on the business volume and credit histories. This company tells us what the cost will be to purchase factoring for our accounts receivable. Once we arrive at a mutual agreement, the funding begins.�Benjamin leaned forward and reviewed the paperwork closely.""I do not know, Marion - it just sounds too good to be true"", Benjamin said quietly.""Yes, I know; that's exactly what I thought at the beginning. But think about it, Benjamin: they've guaranteed that experts will do all the paperwork, and that will free us up to do what we should be doing - focusing on our customers in good standing, and that kind of stuff. And they're flexible Benjamin,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked Benjamin.""They personalize the factoring rates so that the amount they are willing to take on is commensurate with our needs and our client�s debt. It only takes 2 to 4 days for this to be figured out. ""It does all sound pretty good, remembering that we are all tapped out now with loans from the bank last year to repair vehicles, and we all know just how tight money is. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" Benjamin said.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. I think this might just be a way out of the trouble we are in with these folks who owe us money.""Benjamin thought about this and agreed with Marionerley. The clients who owed them money were long standing friends and professional resources of Ward. They did not want to throw away these relationships because they were having trouble paying their bills now. Benjamin 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 did not want to lose business but he also did not want to lose any more money.""Well, let me think about this tonight Marion, thank you."" Marion nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Benjamin keep the shirt on his back, and possibly hers too.Benjamin sat behind his desk and looked over the details Marion had not mentioned in their meeting. He wondered if there might be other problems freight factoring could help Ward Truck & Haul with? With his pencil gliding down the sheet he noticed that the factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. In fact, Ward could receive up to fifty-percent cash advances upon load pick-ups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.""Well, I'll have to tell Dale about this,"" muttered Benjamin to himself.His son-in-law Dale had liked the idea of Ward 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. At that time Benjamin knew the struggles Dale would face, but he still encouraged him to follow his dream. With the faltering economy, if a big fish like Ward was hurting, a little guy like Dale was about to catch his death. Perhaps the antidote to these problems was in freight factoring, and they were about to find out.Some months later, having successfully gone through the entire process of the application, having experts study his credit history and statements and review his accounts receivable, Benjamin found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.They adopted reasonable factoring purchase contracts and stopped wasting their own precious time trying to collect debts. They took that time and refocused effort to offering competitive prices in new territories. Benjamin recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. If Benjamin hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

 

 

 

 

 

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Reasons why Trucking Companies Make use of Factoring Companies.

 

As the manager of your own establishment, you may likely be much more than aware already of the hardship in making certain that cash flow issues do not become a dilemma down the line. Anyway, the most unfortunate thing that can in all probability develop for your firm is to find yourself dragged in a long and challenging circumstance that leaves you forever looking for the money you need to have on an ongoing basis.

 

For pretty much any company in this scenario, the trouble can come for waiting for work to clear up and actually be provided into your bank account. Invoices, checks, and the like can take a long time to actually to be taken care of which may leave you with momentary capital dilemmas. Thankfully, there are approaches out there for establishments to investigate-- and among these is factoring companies.

 

Factoring providers will, in substitution for your invoices, offer you with the finances immediately so that you do not have to worry about the lingering period which could make paying off the bills and getting toolsmore difficult. With this style of setup, invoice factoring can become tremendously helpful for a lot of enterprises who need to get out of a cash trap which they have gotten themselves in.

 

Due to the fact that, basing on the size of the task, it can take up to 60 days for a number of businesses to get paid then it is significant to take care of your own back and definitely not leave yourself resources short to pay off the bills. After all, how many enterprises have two months income just occupying there to address all their overheads until they earn?

 

This is particularly correct of truck firms. They often tend to manage tons of accounts which means a significant amount of collection period demands company owner themselves. Striving to get paid out promptly can become an unbelievable difficulty and this is why you utilize truck factoring agencies who are happy to help out truckers mainly.

 

As we all determine, trucking is an extremely enormous industry with lots of firms out there working with hundreds of drivers. Regretfully, several of these drivers land up in money problems for the reason that they are still waiting for work from six weeks back to actually compensate them. When this is the circumstance for a truck company, choosing factoring providers for support might be the most recommended option left.

 

This means that a truck corporation can compensate the wages of the people, keep all the trucks refilled with gas and continue to escalate, progress and expand without always waiting for the resources which is taking too long to come in. Trucking Firms working without a factoring program implemented are leaving themselves at significant risk, as contenders cash out promptly and continue to develop.

 

There's genuinely nothing to be worried about when it comes to using a Factoring company-- they commonly are not like a banking company or any individual who is going to leave you with a significant heap of financial debt to repay. You give them legitimate invoices from job you have already completed , you are merely expediting the repayment system.

 

In the United states of America, where trucking enterprises prosper, factoring companies are not considered getting a loan in any capacity. This confidential settlement then enables both parties to profit and indulge in a comfortable future-- it gives the factoring company a warranted resource of profit to put into the list and it provides the trucking company the needed finances that they worked hard to gain.

 

The trucking enterprise provides their statements to the factoring firm. The trucking factoring company then acquire the payment amounts from the trucking company's customers. Factoring has been in existence for centuries and has been utilized for many years by lots of varied industries-- but none more so than truckers. While you might miss out on a small part of the money, something like 1-3 % depending on who you collaborate with, it implies that you are acquiring the finances today and can actually begin setting the funds to do work.

 

Once and for all, an IOU or an invoice is certainly not going to pay for overheads, is it? For trucking establishments when the resources can be very good one day and gone the next, it is up to the drivers to work prudently and to guarantee they are leaving themselves with a notable volume of time and money to get through the week until they are handed over once more.

 

So the next moment your trucking company is bearing some temporary cash flow dilemmas and you are putting in an excessive amount of time chasing inactive paying clients, why not start thinking of utilizing a factoring companies as a manner to get your finances and give yourself a more at ease future in the eyes of your trucking staff and your bank difference?

 

 

 

 

 

 

 

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

 

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

 

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

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Michael allowed himself a good hard chuckle. He remembered when his father was totally against installing GPS units in the cabs. He would say, �Why do you need the voice of some woman to tell you to get off at an exit that has been the same exit that has been there for years?� He smiled to himself as he remembered his father poking fun at the other drivers who switched to automatic, even though automatic was quite obviously more efficient (though less manly). His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.

 

Michael believed a successful man is always thinking of his next step. What would be the next step for Jones Trucking? 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. Thankfully he'd just finished paying off the bank loan for the installation of satellite radio in the trucks.

 

He wondered about factoring - was this the answer for him? There was a lot he didn�t understand about the process. It sounded a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. In return, the factoring company pays the trucking business straight away, providing immediate cash flow for the business to pay staff, purchase fuel, and do any repairs or maintenance. Without this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Now it was time for Michael to do his homework. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. Worse still, if the customer defaulted on payment, the factoring company takes it out of the money supposedly coming to you! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His friend Ronnie who had a trucking business in Missouri, was run nearly into the ground by a factoring company that charged him the full freight bill on top of the factoring fees. Well, what was the point of going to a factoring company if there was shady business like that going on?

 

But it turned out to be quite easy. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He didn�t mind signing an exclusive contract. He liked the idea of a long term commitment so he knew he wouldn�t have to bother going back and forth to different companies and wasting time filing more forms. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. Many companies offered a non-recourse factoring program that suited him just fine. He was more than happy with the figures he was offered in percentage terms on the freight bills. It sounded like a great scheme to him.

 

It was really refreshing dealing with the factoring people. They were more personable than those loan managers at the bank. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Michael because he and his father had created a very strong and loyal list of clientele over the years. So he knew they would understand when the factoring company contacted them for the invoices. His clients would not have any problems, nor would they think poorly of Jones Trucking, because the factoring companies handle themselves in such a polite and professional manner, similar to the way his father had managed the business in the past.

 

Michael stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. He felt exhilarated by the new possibilities that would make the future of the company fun again and put the stress of the difficult times behind him. He suddenly realized that, with this new cash flow, he could actually expand Jones Trucking Company and who knows, move into Canada, which had always been his dream. He was a happy man again knowing that he had just made a decision which would guarantee the success of his business and his sons would not be inheriting a financial mess.

 

 

 

 

 

 

 

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Accounts Receivable Lending Companies

 

Date Published- 2014- 03-15 Trucking Factoring

 

"

Bank Loans

 

Bank loans are an extremely traditional way for a business to get financing. These loans can be a life-saver, but they're not always available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Of course, once that loan has been re-paid, you can always re-apply for another loan.

 

What Are Trucking Factoring Companies?

 

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

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. You will not Incur Debt. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. This has many benefits including the fact, that this type of financing will not affect either your business credit rating or your personal credit rating. In the event that your business fails, you would not have to be concerned about someone coming after your personal or your business assets in order to pay off a loan. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.

 

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

 

3. Receive Your Money Faster. With a Trucking Factoring company you can actually get the money you need faster. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. Borrowing from a bank begins with vast amounts of paperwork, the loan must be underwritten, and this can take ages before you're notified if the loan has been approved.

 

4.You receive interest up-front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So you do not have to worry about monthly loan repayments, and you do not have to worry about the amount of interest payable, because all the money in the account is yours to spend.

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The main benefit is that once you've sold your accounts receivable to the Trucking Factoring company, you are free from having to collect money owed by your customers. The Trucking Factoring company takes over that chore, since it is now their money to collect. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

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

 

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Bank Loans

 

Bank loans are an extremely traditional way for a business to get financing. These loans can be a life-saver, but they're not always available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Of course, once that loan has been re-paid, you can always re-apply for another loan.

 

What Are Trucking Factoring Companies?

 

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

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

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

 

1. You will not Incur Debt. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. This has many benefits including the fact, that this type of financing will not affect either your business credit rating or your personal credit rating. In the event that your business fails, you would not have to be concerned about someone coming after your personal or your business assets in order to pay off a loan. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.

 

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

 

3. Receive Your Money Faster. With a Trucking Factoring company you can actually get the money you need faster. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. Borrowing from a bank begins with vast amounts of paperwork, the loan must be underwritten, and this can take ages before you're notified if the loan has been approved.

 

4.You receive interest up-front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So you do not have to worry about monthly loan repayments, and you do not have to worry about the amount of interest payable, because all the money in the account is yours to spend.

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The main benefit is that once you've sold your accounts receivable to the Trucking Factoring company, you are free from having to collect money owed by your customers. The Trucking Factoring company takes over that chore, since it is now their money to collect. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

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

 

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