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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 might just have discovered trucking receivables factoring but you might just not know exactly what it is or much more importantly exactly what it can do for your firm. Trucking Factoring likewise called receivables financing is a form of asset based financing that can increase a business' short-term cash flow. It is not a loan; no debt obligation is taken on by Commercial Factoring ,and the money is unrestricted. Accounts Receivable Finance Companies in Finances Factoring Alabama Factoring Companies at Staffingresource.org- providing credit accounts receivable services alabama-factoring-companies

Staffingresource.org-Alabama Factoring Companies

Birmingham

Alabama

Accounts Receivable Finance Companies

Because, relying on the scale of the work, it can take up to 60 days for some firms to get paid then it's essential to take care of your own back and certainly not leave yourself funds short to settle the expenses. After all, how many companies possess two months earnings just occupying there to pay for all their costs until they get paid?

 

 

Invoice Factoring Companies Reviews at Accountsreceivablefinance.Org

Trucking Factoring Companies Reviews

So the next moment your trucking enterprise is having some momentary capital troubles and you are spending too much time chasing inactive paying clienteles, why not begin considering utilizing a factoring companies as a manner to get your cash and give yourself a more convenient future in the eyes of your trucking workers and your bank balance?

 



Freightfactoringcompanies.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.[

 

Transportation Invoice Factoring

Because, relying on the scale of the work, it can take up to 60 days for some firms to get paid then it's essential to take care of your own back and certainly not leave yourself funds short to settle the expenses. After all, how many companies possess two months earnings just occupying there to pay for all their costs until they get paid?

 

 



Freightfactoringcompanies.Org

 

 

 

Accounts Receivable Buyers

 

Accounts Receivable Buyers

 

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

Cash flow does not have to be a problem any more. Do not be fooled -- banks are not the only places you can get financing. Other solutions are available and you do not have to borrow money. What is trucking factoring ? One solution is called truck factoring. Truck Factoring is the procedure of selling accounts receivable to an investor rather than waiting to collect the cash from the client. Oh, the Irony- Trucking factoring has an ironic distinction: It is the financial foundation of many of America's most successful companies. Why is this ironic ? Since invoice factoring is not instructed in business colleges, is rarely mentioned in business strategies and is fairly unknown to bulk of most of American company people.

Yet it is a monetary process that frees billions of dollars every year, enabling countless businesses to grow and succeed. Staffing Factoring has been around for thousands of years. Receivable Loan Financing Companies are investors who pay cash for the right to get the future payments on your invoices. An unpaid receivable or invoice has value. It is a financial obligation your client has agreed pay in the near future. Factoring Principals--Although factoring deals exclusively with business-to-business deals, a big percentage of the retail business utilizes a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail deals. Using the purest definition of the word, these large customer finance companies are really simply large Trucking Factoring Businesses of consumer paper. Consider it: You make a purchase at Sears and charge it to your MasterCard. The shop gets paid practically instantly, although you do not make payment until you are ready.

For this service, the credit card company charges Sears a charge (typical common normal charges vary from two to four percent of the sale). The Benefits Receivable Financing can provide numerous benefits to cash-hungry business. Rather than wait 30, 60, 90 days or longer for payment on an item that has actually currently been delivered, a company can factor (sell) its receivables for cash at a little discount off the dollar value of the invoice. Payroll, advertising efforts, and working capital are just a few of the business needs that can be met with instant  cash.

Staffing Factoring provides the ways for a manufacturer to replenish stock and make even more items to offer: There is no longer a need to wait for earlier sales to be paid. Receivable Loan Financing is not simply a money management tool for producers: Almost any type business can take advantage of Receivable Loan Funding. Typically, a business 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 minute about exactly how much is bound in 60 days' worth of invoices: You can not pay the power bill or today s payroll with a client s invoice, but you can offer that invoice for the cash to satisfy those responsibilities. Using truck factoring companies is a fast and easy procedure. The factor purchases the invoice at a price cut, typically a couple of portion points less than the stated value of the invoice.

Transportationfactoringcompanies.Org

 

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The United states Trucking Organization
mentions that there are about
195,000 truck drivers with transportation
firms and
250,000 private service providers trucking
companies accredited to
run in the U.S. that transported,
according to their newest listings of millions of
items, supplies and
fundamental materials .
There are several typical
carriers either going solo or in
groups on our nation
highways carrying these
vital items to our
stores, manufacturing facilities and shipping ports.

And  truck factoring
businesses support
numerous of them and offer their
accounts receivablesfinancing services
countrywide counting
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 Companies

 

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

 

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.

 

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

 

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

 

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Companies will be listed under all categories in which they provide specified Trucking Services.
To find companies offering specific Trucking Services in the United States, click on the list of services below.

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

 

 

 

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Invoice Factoring Companies Reviews at Fastbusinessloan.Org

 

 

 

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"

�So, this is not a loan?� asked Raymond Perkins, reclining back into his chair and crossing his legs. The woman sitting across the desk from Raymond smiled at him, shaking her head.�Not quite,� she said.Raymond was the owner of a small trucking company which had fallen on some hard times recently. Trucking could be a profitable business, and for a little under a decade, it had been for Christopher. He named his business Garrett Trucking, named after Calvin and Joel, his two grandfathers. They had both been hardworking men, and had done a lot to make Raymond the same.Disaster had struck half a year ago, when two trucks in Christopher�s fifteen truck fleet went down. One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. Raymond depended on his full fleet, and missing two trucks was devastating . In addition, he just did not have the available cash to buy a new truck, plus repair the other one.Paying of bills in the trucking industry is always a major cause for concern for businesses.

 

You could go a month or more before bills were completely paid off. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Raymond was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.That�s where the woman across the desk came in. Raymond knew she was employed by a Factoring company and that her name was Willie. 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.She sat there now, and 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.Raymond agreed. It sounded perfect - perhaps too good?.The woman laughed. �I'm not sure that you believe me,� she said.�Oh no, I do: it just sounds too good to be true. I actually thought I might end up losing my business.�Willie smiled, agreeing. �Yes, we get a lot of that. There's no way we want to see you lose your business. You work hard, you�ve put everything you can into it. We all need help sometimes. That's why we do what we do.""In any case, thank you for coming to see me.""No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� Willie said with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Raymond filled the form out, with Willie available to help him if he needed it. The profile filled Willie and her company in on Christopher�s company, and would help them determine if he was suitable for factoring. Unfortunately, not all companies are. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. Listening as Raymond filled out his form, Willie was pretty sure he was a perfect candidate for factoring.When the form was done Willie took it and slid it into her briefcase. She then stood, reached across the desk and shook Christopher�s hand. He also stood up, and they smiled at each other. They said their goodbyes and Raymond walked her to the door, and then returned to his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He leaned back and closed his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. But now, after speaking to Willie and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He relaxed into his chair, running his hand through his thick black hair with its telling streaks of grey.All those long, sleepless nights. The terrifying panic attacks that occurred regardless of where he was. Already he could feel all the stress start to drain away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was 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. At twenty-two and straight out of school he had opened a restaurant. It had been really successful. Home cooking in his hometown, and he had done very well.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 Garrett Trucking. And that's exactly what he did. For the second time in his short life he created a company from the ground up. He had been successful.And then the trucks went down, and his success looked to be in flux. He was about to turn fifty. He didn�t think he had it in him, to save this company. But he couldn�t give up. Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically sick some nights. He did not want to quit - both for himself and for his staff members.And now, because of factoring, he was sure he wouldn�t have to. Raymond opened his eyes, sat forward, turned his computer on. 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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Invoice Factoring Companies Reviews at Fastbusinessloan.Org

 

 

 

Transportation Factoring Company

 

"

Since the mid 1980s Taylor Truck & Haul have been successfully running their freight business. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the heady times from 2002 to 2007, Taylor 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. The money was flowing, and times were great.It was just one year later, in 2008, when the economy in the United States took a sharp decline, and both large and small businesses started to notice the squeeze on their pocketbooks: everyone had suddenly gone silent. Business slowed down. And worse yet, Taylor 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, Thomas Lawrence, CEO of Taylor felt a chill go down his spine whenever he would look at the weekly A/R reports. There was a growing list of clients who now owed them back debt.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. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Taylor hadn't gone elsewhere. They had just gone home.This current state-of-affairs was causing Thomas Lawrence to have some very restless nights. He had employees to pay, goods to ship, trucks to maintain and overhead that was almost unbearable when compared against the lack of funds that were coming in. After work he would confide in his wife, Dorothy, and neither were unable to stop the constant worry over the lack of funds.""I have a bad feeling, Lin,"" he would say with deep woe.""Well, what do you think it is?"" she would say.Thomas would stare off into the distance, and then slowly close his eyes. In his mind he could clearly see the fleet of trucks purchased over the many 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. Why couldn�t he work out how to resolve this financial problem with his business?""I think I know what it could be,"" said Thomas. ""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."" 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.

 

""Thomas knew very well that Dorothy was only trying to help, but his responsibilities weighed heavily on his shoulders and he knew he had better do something soon to resolve this situation.The following day Thomas walked into his office with a spring in his step, determined to call each and every client who owed money to Taylor Truck & Haul. 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, Thomas knew that he was in trouble.

 

Poor Thomas spent the whole morning trying in vain to contact his debtors: they promised to call back, dodged his calls, or made small interest-only payments. He was beginning to feel quite despaired when his secretary knocked on his door.

 

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

 

""Sure thing Marilyn, come on in."" Thomas relaxed back into his chair and looked up at Marilynerley.""Well Thomas, 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 it?"" he said.She began, ""Well, it is really very simple. So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Immediately?"" Thomas interrupted.""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. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It provides a very broad view.""Thomas replied cautiously ""I see - and what happens then?""Following the completion of their review and once we have been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. 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. We come to an agreement and the funding starts pouring out.�Thomas was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Marilyn,"" 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 Thomas,"" she drew a circle around a paragraph on the document before him.""Just how flexible?"" asked Thomas.""It seems that they personalize their factoring charges so that the amount they're prepared to work with is commensurate with our client's debt and our needs. Apparently they can figure this all out in two to four days.

 

""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. it is imperative that we keep the business rolling as usual, and every day we go unpaid we are getting closer and closer to dealing with some serious issues in both the short term and the long term,"" said Thomas.Thomas took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Exactly�. This could very well be the answer to resolving the problems we are having with these clients who still owe us money.""Thomas thought about this and agreed with Marilynerley. The customers who were in debt to Taylor Truck & Haul were professional resources of the company, but they were also long-standing friends. Thomas wasn't prepared to lose these relationships just because they were having financial issues at the moment. He was well aware that the economy was in a bad way and that it might be quite a while before things started picking up. That unknown amount of time could create a disaster situation for both of them if he wasn't careful in how these debtors were handled. Of course he did not want to lose any more money, but he did not want to lose business either.""Let me go over this tonight Marilyn, and thankyou."" Marilyn nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.Thomas stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. He wondered if there might be other problems freight factoring could help Taylor 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, Taylor 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 Micheal about this,"" muttered Thomas to himself.His son-in-law Micheal had liked the idea of Taylor 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 Thomas knew the struggles Micheal would face, but he still encouraged him to follow his dream. With the economy the way it was, if an established company such as Taylor was struggling then the little guys, like Micheal, were going to be in even more trouble.

 

But, maybe the answer for both of them was in freight factoring, and Thomas was going to find out very soon.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, Thomas found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They used that time to refocus their efforts in being competitive in new territories. Thomas looked back on the dismal months of life before freight factoring and almost shuddered at the thought. He probably wouldn't be in business today had he not learned just in time about freight factoring.

 

"

 

 

 

 

 

 

More If You Want To Learn How To Then..-Articles

 

 

Invoice Factoring Companies Reviews at Fastbusinessloan.Org

 

 

 

Best Trucking Factoring

 

Reasons why Trucking Firms Make use of Factoring Companies.

 

As the operator of your own firm, you may perhaps be much more than aware already of the hardship in making certain that cash flow issues do not become a problem down the line. After all, the most disappointing thing that can possibly happen for your firm is to find yourself involved in a long and complicated situation that leaves you forever searching for the funds you require on an recurring basis.

 

For any business enterprise in this condition, the concern can come for waiting for work to clear up and actually be provided into your balance. Bill of sales, checks, and the like can take a long time to actually to beprocessed which may leave you with short-term cash flow troubles. The good news is, there are alternatives out there for industries to look into-- and among these is factoring companies.

 

Factoring agencies will, in substitution for your invoices, give you with the money asap in order that you do not have to stress over the waiting time span that could make paying the bills and acquiring toolsmore difficult. With this form of arrangement, invoice factoring can come to be exceptionally useful for numerous businesses who have to get out of a cash pitfall which they have gotten themselves in.

 

Simply because, relying on the scale of the job, it can take up to 60 days for a number of enterprises to get compensated then it is essential to blanket your own back and certainly not leave yourself money short to pay off the expenses. After all, how many establishments possess two months revenue just lying there to cover all their overheads till they make money?

 

This is especially correct of truck agencies. They have the tendency to take care of tons of accounts which means a serious quantity of collection time entails business owner themselves. Making an effort to get paid in time can turn into an incredible difficulty and this is exactly why you use trucking factoring companies who are pleased to help out truckers specifically.

 

As we all know, trucking is an exceptionally large industry with lots of organizations out there working with hundreds of vehicle drivers. The sad thing is, many of these drivers wind up in money problems simply because they are still waiting on work from six weeks previously to actually pay them. When this is the situation for a trucking organization, depending on factoring firms for support maybe the finest alternative left.

 

This means that a trucking firm can pay out the wages of the work force, keep all the trucks topped off with fuel and continue to scale, rise and expand without consistently waiting for the finances which is taking too prolonged to come in. Trucking Enterprises running without a factoring program applied are leaving themselves at considerable hazard, as competitions cash out quickly and go on to broaden.

 

There's absolutely not much to be troubled about when it comes to making use of a Factoring company-- they commonly are not like a banking company or an individual who is going to leave you with a large heap of personal debt to repay. You give them authentic invoices from job you have already finalized , you are merely hastening the payment system.

 

In the United States, where truck enterprises do well, factoring establishments are not considered getting a loan in any capacity. This private arrangement then makes it possible for both groups to make money and take joy in a worry-free future-- it provides the factoring firm a secured asset of earnings to add to the list and it provides the trucking firm the required money that they worked hard to generate.

 

The trucking business gives their statements to the factoring agency. The trucking factoring business then obtain the installment payments from the trucking company's clients. Factoring has been all around for hundreds of years and has been utilized for several years by several diverse sectors-- but none much more so than truckers. While you might possibly miss out on a small part of the money, something like 1-3 % depending on who you work with, it signifies that you are receiving the cash today and can actually start putting the money to function.

 

Once and for all, an IOU or an invoice is certainly not going to finance expenses, is it? For trucking companies when the money can be really good one day and gone the next, it is up to the vehicle drivers to work sensibly and to ensure they are leaving themselves with a considerable amount of time and money to get through the week till they are paid for once again.

 

So the next time your trucking company is bearing some temporary cash flow dilemmas and you are spending a lot of time chasing slowly paying customers, why not begin looking into utilizing a factoring companies as a manner to get your cash and give yourself a more worry-free future in the eyes of your trucking workers and your bank balance?

 

 

 

 

 

 

 

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Invoice Factoring Companies Reviews at Fastbusinessloan.Org

 

 

 

Trucking Factoring Companies Reviews

 

"

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

 

Matthew�s father had started as an owner-operator and had grown Walker Trucking Company into a fifteen trailer fleet over forty years. Yes, they had survived some very difficult times when it appeared like they might go under, and even Matthew's mother had jumped into the cab at times to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. But now things were different: the company was in Matthew's hands and he needed to ensure that this business would be left in great shape for his sons.

 

There just never seemed to be enough money to go around, and certainly no spare cash, but to move his company successfully into the future he needed a steady and reliable cash flow. He had employees to pay. They had families and household bills too. 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, Walker Trucking looked weak in a very strong market.

 

His father would have told him to wait and to take his time adding on new technology. Matthew chuckled, thinking about his father. His father had been against placing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� Also his father had the habit of teasing all the drivers he caught switching into automatic even though driving in automatic was much more efficient though not manly in his father�s eyes. He knew his father's days were long gone and new technology was very important for the business, like having Qualcomm to reduce communication time for bills of lading.

 

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

 

But was factoring the answer? If he was being honest, he did not really understand how it all worked. It sounded a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. 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 the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Matthew had to really consider what his next step was going to be. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His 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. He knew he would have to be very careful if he was to avoid any of these shady companies?

 

But it turned out to be quite easy. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He 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 was good money.

 

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

 

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

 

"

 

 

 

 

 

 

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Alabama Factoring Companies

 

 

 

 

 

 

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Accounts Receivable Loan Companies

 

Date Published- 2014- 07-06 Best Trucking Factoring

 

"

Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. While these loans are handy they are not available to every business. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it is usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose your entire business. 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 give loans, and the money you get from the Trucking Factoring company does not put you in debt. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 80%-95%. The amount of money you can receive is based on the amount of money you have earned and the accounts receivable you are willing to �sell.� Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

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

 

2. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. 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. Using a Trucking Factoring company means that you'll get the finance quicker. Once the Trucking Factoring company assures itself that the customers in your accounts receivable are likely to pay their debt, the money is usually in the account within 24 hours. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.

 

4.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 not only are you relieved of those monthly loan payments, but you also do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

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

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.While a Trucking Factoring company is not the only way for your business to obtain the money it needs to keep growing, it does offer a type of financing well worth considering.

 

"
Invoice Factoring Companies Reviews at Fastbusinessloan.Org

 

 

 

 

 

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Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. While these loans are handy they are not available to every business. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it is usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose your entire business. 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 give loans, and the money you get from the Trucking Factoring company does not put you in debt. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 80%-95%. The amount of money you can receive is based on the amount of money you have earned and the accounts receivable you are willing to �sell.� Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

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

 

2. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. 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. Using a Trucking Factoring company means that you'll get the finance quicker. Once the Trucking Factoring company assures itself that the customers in your accounts receivable are likely to pay their debt, the money is usually in the account within 24 hours. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.

 

4.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 not only are you relieved of those monthly loan payments, but you also do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

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

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.While a Trucking Factoring company is not the only way for your business to obtain the money it needs to keep growing, it does offer a type of financing well worth considering.

 

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