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Great New Discovery Kills Cash Flow Problems Quick! - Our Freight Factoring Company Can Give
Your Freight Company The Money You Need

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Using a Truck Factoring Company is useful for numerous reasons. It allows a trucking company to raise money without acquiring brand-new financial obligation. While debt is sometimes needed, a lot of freight broker firm would prefer to raise cash without borrowing money. Debt is high-risk, and when it can not be repaid, properties can be repossessed. If the financial obligation is huge enough, it could even require a truck businesses out of business.

 

 

 

 

 

 

 

They Grinned When the Banker Spoke to Me in French - Select A Trucking�Factoring Company  Instead Of A Typical Bank Financing

Exactly how to Enhance Money Flow Without Loaning -Cash Money flow is one of the primary reasons businesses fail.

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

Cash flow does not have to be an issue any more. Do not be fooled -- banks are not the only places you can get funding. Other solutions are offered and you do not have to borrow money. Exactly what is truck factoring ? One solution is called trucking factoring. Truck Factoring is the process of selling accounts receivable to a financier rather than waiting to collect the cash from the customer. Oh, the Irony- Trucking factoring has a paradoxical distinction: It is the financial backbone of numerous of America's most effective companies. Why is this paradoxical ? Because receivable funding is not instructed in business colleges, is seldom discussed in company strategies and is fairly unknown to bulk of most of American business people.

Yet it is a financial procedure that releases up billions of dollars every year, enabling countless businesses to grow and succeed. Invoice Factoring has been around for countless years. Receivable Funding Companies are financiers who pay cash for the right to receive the future payments on your invoices. An unpaid receivable or invoice has value. It is a debt your customer has agreed pay in the near future. Factoring Principals--Although factoring deals solely with business-to-business deals, a big portion of the retail business utilizes a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail deals. Using the purest meaning of the word, these large consumer finance business are truly just large Truck Factoring Companies of consumer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The store makes money practically immediately, although you do not make payment until you are prepared.

For this service, the credit card company charges XYZ Store a fee (typical common normal charges range from 2 to 4 percent of the sale). The Benefits Receivable Funding can offer many advantages to cash-hungry business. Instead of waiting 30, 60, 90 days or longer for payment on an item that has already been provided, a company can factor (sell) its receivables for money at a small price cut off the amount of the invoice. Payroll, marketing efforts, and working capital are just a few of the business requirements that can be satisfied with instant  cash.

Commercial Factoring provides the ways for a manufacturer to replenish stock and make even more items to sell: There is no longer a need to wait for earlier sales to be paid. FACTORING is not simply a money management device for producers: Almost any kind company can benefit from Invoice Factoring. Generally, a company that extends credit will have 10 to 20 percent of its yearly sales bound 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 customer s invoice, but you can sell that invoice for the money to meet those obligations. Using trucking factoring companies is a quick and simple procedure. The factor purchases the invoice at a discount, usually a few percentage points less than the face value of the invoice.

 

 

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Little Rock is the capital and the most populous city of the U.S. state of Arkansas. It is also the county seat of Pulaski County. It was incorporated on November 7, 1831 on the south bank of the Arkansas River very near the geographic center of the state. The city derives its name from a small rock formation along the river, named ""le Petit Rocher"" by the French in 1799. The capital of the Arkansas Territory was moved to Little Rock from Arkansas Post in 1821. The city's population was 193,524 at the 2010 census. The fivcounty Little Rock-North Little Rock-Conway, AR Metropolitan Statistical Area (MSA) is ranked 75th in terms of population in the United States with 724,385 residents according to the 2013 estimate by the United States Census Bureau.Little Rock is a major cultural, economic, government and transportation center within Arkansas, the South and the nation. Amenities such as Arkansas Arts Center, Arkansas Repertory Theatre, Arkansas Symphony Orchestra are available in addition to the hiking, boating, and other outdoor recreational opportunities available to residents and visitors. Little Rock's history is also available to residents and visitors in a variety of ways; history museums, historic districts or neighborhoods like the Quapaw Quarter, and historic sites like Little Rock Central High School. The city is the headquarters of . Other large corporations, including have large operations in the city. State government is also a large employer, with most offices being located in downtown Little Rock. Two major Interstate highways, Interstate 30 and Interstate 40 meet in Little Rock, with the Port of Little Rock serving as a major shipping hub.Major corporations headquartered in Little Rock include .

 

Fort Smith is the second-largest city in Arkansas and one of the two county seats of Sebastian County. As of the 2010 Census the population was 86,209. With an estimated population of 87,443 in 2012, it is the principal city of the Fort Smith, Arkansas-Oklahoma Metropolitan Statistical Area, a region of 298,592 residents which encompasses the Arkansas counties of Craw, Franklin, and Sebastian, and the Oklahoma counties Le Flore and Sequoyah.Fort Smith has a sister city relationship with Cisterna, Italy, site of the World War II Battle of Cisterna, fought by United States Army Rangers commanded by Fort Smith native William O. Darby.Fort Smith lies on the Arkansas-Oklahoma state border, situated at the junction of the Arkansas and Poteau Rivers, also known as Belle Point. The city began as a western frontier military post in 1817 and would later become well known for its role in the settling of the ""Wild West"" and its law enforcement heritage.In 2007, Fort Smith was selected by the United States Department of the Interior to be the location of the new United States Marshals Service National Museum.Fort Smith has long been a regional manufacturing center, with major plants located in the city operated by and many others.

 

Fayetteville is the third-largest city in Arkansas and county seat of Washington County. The city is centrally located within the county and has been home of the University of Arkansas since the institution's founding in 1871. Fayetteville is on the outskirts of the Boston Mountains, deep within the Ozarks. Known as Washington until 1829, the city was named after Fayetteville, Tennessee, where many of the settlers were from. It was incorporated on November 3, 1836 and was rechartered in 1867. The four-county Northwest Arkansas Metropolitan Statistical Area is ranked 109th in terms of population in the United States with 463,204 in 2010 according to the United States Census Bureau. The city had a population of 73,580 at the 2010 Census.Fayetteville is home to the University of Arkansas, the state's largest university. When classes are in session, the thousands of students on campus dramatically change the demographics of Fayetteville. As it is a Conference institution, thousands of Arkansas Razorbacks alumni and fans travel to Fayetteville to attend home football, basketball, and baseball games. The University's men's track and field program has won 41 national championships to date. ranked Fayetteville as the 8th-best city for Business and Careers in 2010. ranked Fayetteville one of the best places to retire. Based in nearby Bentonville, the mart corporation has contributed to the economy of Fayetteville. The city hosts the Shareholders Meetings each year at the Bud Arena. Magazine ranked the Fayetteville�Springdale�Rogers area as the second-best area in the United States for recovery from the current United States recession. Reasons cited were the presence of mart, one of the top Fortune 500 corporations, in the area, in addition to low unemployment (5.0%) compared to national averages.Although much of the Fayetteville�Springdale�Rogers Metropolitan Area has grown with ascent to the #1 corporation listed by the Fortune 500, Fayetteville has often made it clear that the city prefers to associate itself with the University of Arkansas rather than the worldwide retailer. is based in nearby Bentonville, Arkansas and is one of six Fortune 500 corporations based in the state .son Foods in based in Springdale, Arkansas, which is adjacent to the north of Fayetteville. Despite not being based in Fayetteville, these corporations have a big impact through the University. The Sam M. College of Business (named for Sam ) at the University of Arkansas has received numerous donations from the family. also has a presence on campus at the Center for Excellence in Poultry Science which holds classes for the Dale Bumpers College of Agricultural, Food and Life Sciences. The poultry science program at Arkansas is one of the top three in the United States. Transportation company J. B. Hunt is based in Lowell, Arkansas and has donated millions of dollars to the logistics program at the university, including $10 million funding the J.B. Hunt Center for Academic Excellence that completed in 2010.

 

Springdale is the fourth-largest city in Arkansas, and is located in both Washington and Benton counties in Northwest Arkansas. Located on the Springfield Plateau deep in the Ozark Mountains, Springdale has long been an important industrial city for the region. In addition to several trucking companies, the city is home to the world headquarters of son Foods, the world's largest meat producing company. Originally named Shiloh, the city changed its name to Springdale when applying for a post office in 1872. The four-county Northwest Arkansas Metropolitan Statistical Area is ranked 109th in terms of population in the United States with 463,204 in 2010 according to the United States Census Bureau. The city had a population of 69,797 at the 2010 Census.Springdale has been experiencing a population boom in recent years, as indicated by a 133% growth in population between the 1990 and 2010 censuses. During this period of rapid growth, the city has seen a new Shiloh Museum of Ozark History, the establishment of a Springdale campus of Northwest Arkansas Community College and the Northwest Arkansas Naturals minor league baseball team move into Arvest Ballpark. son remains the city's top employer, and is visible throughout the city. Many public features bear the son name, including theson Recreational Complex, Don Parkway, Helen Middle School and John Elementary. Governor signed an act into law recognizing Springdale as the ""The Poultry Capital Of The World"" in 2013.Companies based in Springdale include SafeTV, Foods, and Explore Scientific.

 

Motto: People, Pride, ProgressNicnames: JoBro, the Borough, J Town Location in the state of Arkansas Coordinates: Jonesboro is a city in Craighead County, Arkansas, United States. According to the 2010 Census, the population of the city was 67,263. A college town, Jonesboro is the largest city in northeastern Arkansas and the fifth most populous city in the state. It is the principal city of and is included in the Jonesboro, Arkansas Metropolitan Statistical Area. In 2010, the Jonesboro metropolitan area had a population of 121,026 and a population of 163,116 in the Jonesboro-Paragould Combined Statistical Area.Jonesboro is home to Arkansas State University and is a regional center for manufacturing, agriculture, medicine, education, and trade.

 

North Little Rock is a city in Pulaski County, Arkansas, United States, across the Arkansas River from Little Rock in the central part of the state. The population was 62,304 at the 2010 census. North Little Rock, along with Little Rock and Conway, anchors the six-county Little Rock�North Little Rock�Conway Metropolitan Statistical Area. (2013 population � 724,385), which is further included in the Little Rock-North Little Rock-Pine Bluff Combined Statistical Area with 898,683 residents.The city includes Dickey-Stephens Park, the new home of the Arkansas minor league baseball team. Burns Park, one of the largest municipal parks in the United States, is located in western North Little Rock, and Verizon Arena, Little Rock's main entertainment venue.

 

Not to be confused with Conway County, ArkansasConway is a city in and the county seat of Faulkner County, Arkansas, United States. The population was 58,908 at the 2010 census and 60,470 at the 2011 population estimate, making Conway the seventh most populous city in Arkansas. It is a principal city of the Little Rock�North Little Rock�Conway Metropolitan Statistical Area, which had 709,901 people in 2011 and with 886,992 people in the combined area. Conway is home to three post-secondary educational institutions, earning it the nickname ""The City of Colleges.""

 

Rogers is a city in Benton County, Arkansas, United States. As of the 2010 census, the city has a population of 55,964 making the state's-eighth largest city. Rogers is located in the northwest portion of the state in the FayettevillSpringdalRogers Metropolitan Area, which is one of the fastest growing areas in the nation and is ranked 109th in terms of population in the United States with 465,776 in 2010 according to the United States Census Bureau.

 

Pine Bluff is the largest city and county seat of Jefferson County, Arkansas, United States. It is also the principal city of the Pine Bluff Metropolitan Statistical Area and part of the Little Rock-North Little Rock-Pine Bluff Combined Statistical Area. The population of the city was 49,083 in the 2010 Census, however 2011 estimates show the population has since declined to 48,339. Pine Bluff is the ninth largest city in the state of Arkansas.The city is situated in the southeast section of the state in the Arkansas Delta with the Arkansas Timberlands region to its immediate west. Its topography is flat with wide expanses of farmland. Pine Bluff is home to a number of creeks, streams, bayous (Bayou Bartholomew is the longest bayou in the world and is the second most diverse stream in the United States), and larger bodies of water such as Lake Pine Bluff, Lake Langhofer (Slack Water Harbor) and the Arkansas River.Agriculture is a mainstay in Pine Bluff. Jefferson County is located in the heart of a rich agricultural area in the Arkansas River Basin.[55] The leading products include cotton, soybeans, cattle, rice, poultry, timber and catfish. Principal industries in the area are engaged in processing cotton; production of cottonseed oil, paper and wood products; the manufacture of wire products; poultry processing; the manufacture of electric transformers; and metal fabrication.

 

Bentonville is the tenth-largest city in Arkansas and the county seat of Benton County. The city is centrally located in the county with Rogers adjacent to the east. The city is the headquarters of , which is the world's largest retailer. Originally named Osage after the Osage Indians who hunted in the area when white settlers first moved to the area in 1837, the community was renamed to Bentonville in 1843 in honor of Missouri politician Thomas Hart Benton and was first incorporated on April 3, 1873. It is one of the four main cities in the four-county Northwest Arkansas Metropolitan Statistical Area, which is ranked 109th in terms of population in the United States with 463,204 in 2010 according to the United States Census Bureau. The city itself had a population of 35,301 at the 2010 Census, with an estimated population of 40,167in 2013.Bentonville is the location of the Home Office, and the retailer is very visible within the city. The Visitor Center is located on the Bentonville town square in Sam 's original 's Five and Dime. The home office includes fifteen buildings along Boulevard (US 71B) in the west part of the city. Just north of downtown Bentonville is the Crystal Bridges Museum of American Art. Founded by Alice in 2011, this museum contains many masterpieces from all eras of American art, including many works from 's private collection. Across the square from the Visitor Center is the Benton County Courthouse, the center of the county government. Bentonville High School is located just west of Interstate 49/US Route 71 in central Bentonville.The Northwest Arkansas economy was historically based upon agriculture and poultry. In recent decades, NWA has seen rapid growth and diversification of its economy based upon the three Fortune 500 companies based there, while also seeing a growing University of Arkansas and cultural amenities sector. Although impacted by the Great Recession, NWA's economy fared better than most peer metropolitan areas, the state of Arkansas and the United States overall. Between 2007 and 2013, the region saw unemployment rates significantly below those of peer regions and the national average; while also seeing a 1% net growth of jobs. The NWA gross domestic product grew 7.0% over the aforementioned time period, and bankruptcies, building permits and per capita incomes are returning to prRecession rates.[20]

 

Hot Springs is the eleventh-largest city in Arkansas and the county seat of Garland County. The city is located deep within the Ouachita Mountains among the U.S. Interior Highlands, and is set among several natural hot springs for which the city is named. The center of Hot Springs is the oldest federal reserve in the United States, today preserved as Hot Springs National Park. The hot spring water has been popularly believed for centuries to possess medicinal properties, and was a subject of legend among several Native American tribes. Following federal protection in 1832, the city developed into a successful spa town. Incorporated in January 10, 1851, the city has been home to spring training, illegal gambling, speakeasies and gangsters such as Al Capone, horse racing at Oaklawn Park, the Army and Navy Hospital, and 42nd President Bill Clinton. The city contains a population of 35,193 according to the 2010 United States Census.Today, much of Hot Springs's history is preserved by various government entities. Hot Springs National Park is maintained by the National Park Service, including Bathhouse Row, which preserves the eight historic bathhouse buildings and gardens along Central Avenue. Downtown Hot Springs is preserved as Hot Springs Central Avenue Historic District, listed on the National Register of Historic Places. The city also contains dozens of historic hotels and motor courts, built during the Great Depression in the art deco style. Due to the popularity of the thermal waters, Hot Springs benefited from rapid growth during a period when many cities saw a sharp decline in building; much like Miami's art deco districts. As a result, Hot Spring's architecture is a key part of the city's blend of cultures; including a reputation as a tourist town and a Southern city. Also a destination for the arts, Hot Springs features the Hot Springs Music Festival, Hot Springs Documentary Film Festival, and the Valley of the Vapors Independent Music Festival annually.Hot Springs is the principal city of the Hot Springs metropolitan area, which includes all of Garland County, registering a population of 96,024 in 2010 according to the United States Census Bureau. The metro was ranked by as one of the top ""small places for business and careers"", citing a low cost of doing business, high job growth and an educated workforce.

 

Benton is a city in and the county seat of Saline County, Arkansas, United States and a suburb of Little Rock. It was established in 1837. According to a 2006 Special Census conducted at the request of the city government, the population of the city is 27,717, ranking it as the state's 16th largest city, behind Texarkana. However in the 2010 census, the city population increased to 30,681, making it the 12th largest city in the state of Arkansas. It is part of the Little Rock�North Little Rock�Conway Metropolitan Statistical Area. The city of Benton, first settled in 1833 and named after Missouri Senator Thomas Hart Benton, was formally chartered in 1836 when Arkansas became a state.

 

Texarkana is the largest city and the county seat of Miller County, Arkansas, United States. It effectively functions as one half of a city which crosses a state line � the other half, the city of Texarkana, Texas, lies on the other side of State Line Avenue.According to the 2010 census, the population of the city was 29,919, ranking it as the state's 12th largest city, behind Hot Springs. The city, along with its Texas counterpart, forms the central city of the Metropolitan Statistical Area, encompassing all of Bowie County, Texas and Miller County, Arkansas. The combined population of the two Texarkana cities was 66,330 at the 2010 census.

 

Sherwood is a city in Pulaski County, Arkansas, United States. As of the 2010 census, the population of the city was 29,523. It is part of the Little Rock-North Little Rock-Conway Metropolitan Statistical Area with 699,757 people according to the 2010 census.

 

Jacksonville is a city in Pulaski County, Arkansas, United States, and a suburb of Little Rock. As of the 2010 census, the population of the city was 28,364. It is part of the Little Rock�North Little Rock�Conway Metropolitan Statistical Area.The city is named for Nicholas Jackson, landowner who deeded the land for the railroad right-of-way to the Cairo & Fulton Railroad in 1870. The community evolved from the settlement surrounding the railroad depot, eventually incorporating in 1941. In 1941, construction began on the Arkansas Ordnance Plant (AOP), which served as the primary facility for the development of fuses and detonators for World War II. Following the war, AOP ceased operations and the land was sold for commercial interests, including the development of the Little Rock Air Force Base in 1955. Today, portions of AOP still remain, including the Arkansas Ordnance Plant Guard House, which is on the National Register of Historic Places and the Jacksonville Museum of Military History. Despite Pulaski County being an Arkansas county that is not a ""dry"" county, as it allows the sales of beer and liquor, the municipal limits of Jacksonville are ""moist"", as it does not allow the sales of alcohol in stores, but allows the sale of alcohol in some restaurants with special permits.

 

Russellville is the county seat and largest city in Pope County, Arkansas, United States, with a population of 27,920, according to the 2010 Census. It is home to Arkansas Tech University and Arkansas Nuclear One, Arkansas' only nuclear power plant. Russellville borders Lake Dardanelle as well as the Arkansas River.It is the principal city of the Russellville Micropolitan Statistical Area, which includes all of Pope and Yell counties.Russellville has a diverse manufacturing base. Frozen dinners, railroad crossties, elevator signal fixtures, parking meters, aluminum foil, graphite electrodes, Microplanes, and aircraft and automotive parts are a few of the products manufactured in the city. The city is home to ten divisions of Fortune 500 companies, including Arkansas corporations such as Foods, Inc, and Innovation Industries Elevator Signal Fixtures. Forty-eight manufacturing plants employ more than 8,300 people.

 

Bella Vista is a city in Benton County, Arkansas. First established in 1965 as a summer resort town, the community evolved into a retirement community, and continues to change following incorporation in 2006. The city's struggle with incorporation began in 1977 and periodically returned as the community grew rapidly. Following the change, municipal government replaced the Property Owners Association as primary government; entering a new era for Bella Vista. The community is located on the Springfield Plateau of the Ozark Mountains. Valleys, creeks, and steep rises characterize the city's topography. Bella Vista is located north of Bentonville and Rogers and is the northernmost city in the Northwest Arkansas metropolitan statistical area. The city has been experiencing a population and building boom in recent years, as indicated by a 60% growth in population between the 2000 and 2010 censuses.The rapid growth of the Northwest Arkansas area, including Bella Vista, has expedited the need for a fully controlled access highway in the area. Bella Vista is the northern terminus of Interstate 49 (I-49) in Arkansas. The Bella Vista Bypass, currently a two-lane freeway that is ultimately planned to route I-49 to the south and west of Bella Vista, is under construction.Travel to Bella Vista and the surrounding areas increases greatly in the summertime.[citation needed]

 

West Memphis is the largest city in Crittenden County, Arkansas, United States. The population was 26,245 at the 2010 census, ranking it as the state's 18th largest city, behind Bella Vista. It is part of the Memphis metropolitan area, and is located directly across the Mississippi River from Memphis.Primarily because of its central location and transportation infrastructure, West Memphis has become a hub for distribution and assembly operations. Healthcare has become a large component of the city's business with Crittenden Regional Hospital, numerous clinics and nursing homes located in town.

 

Paragould is the county seat of Greene County, and the 19th-largest city in Arkansas. The city is located in northeastern Arkansas atop Crowley's Ridge, a geologic anomaly contained within the Arkansas delta. The city's name is a blend combining the last names of competing railroad magnates J. W. Paramore and Jay Gould. Paramore�s Texas & Saint Louis Railway (later the Cotton Belt) and Gould�s St. Louis, Iron Mountain and Southern Railway (later the Missouri Pacific) intersected here in 1882. A group of citizens chose the name, and it is believed to be the only city in the world with this name. Gould objected to his name�s being second and refused to list the new town on his schedules. The city had a population of 26,113 at the 2010 census.Paragould is the principal city of the Paragould, AR Micropolitan Statistical Area and is also a part of the Jonesboro-Paragould Combined Statistical Area. The Paragould micropolitan area's population is approximately 42,090 and the Jonesboro-Paragould Combined Statistical Area's population is estimated at 138,533.

 

Cabot is the largest city in Lonoke County, Arkansas, United States and a suburb of Little Rock. According to 2010 U.S. Census Bureau estimates, the population of the city is 23,776, ranking it as the state's 20th largest city, behind Paragould. It is part of the Little Rock�North Little Rock�Conway Metropolitan Statistical Area. Cabot has the third highest median household income in Arkansas (after Maumelle and White Hall).

 

Motto: Pride � Progress � Potential""The city where thousands live as millions wish they could."" the largest city and county seat of White County, Arkansas, United States. According to 2010 Census Bureau estimates, the population of the city is 22,858. It is the principal city of the Searcy, AR Micropolitan Statistical Area which encompasses all of White County. The city takes its name from Richard Searcy, a judge for the Superior Court of the Arkansas Territory. Searcy is the home of Harding University.One of the state's largest banks, Bank, was established in Searcy in 1932 as Security Bank. now has over $3.2 billion in assets and 70 locations in Arkansas.[citation needed]

 

Van Buren /v�n 'bj??r?n/ is the second largest city in the Fort Smith, Arkansas-Oklahoma Metropolitan Statistical Area and the county seat of Craw County, Arkansas, United States. The city is located directly northeast of Fort Smith at the Interstate 40 - Interstate 540 junction. The city was incorporated in 1842 and as of the 2010 census had a population of 22,791, ranking it as the state's 22nd largest city, behind Searcy.Van Buren is home to many large corporations within the state and employs a great deal of the city's population within its Port and Industrial Park district. Manufacturing, food processing, and medicine are sustaining industries in Van Buren. Major employers include poultry processors .

 

El Dorado is a city in and the county seat of Union County, Arkansas, USA. According to estimates, the 2012 census, the population of the city is 18,491, which represents a decline of 2.1 percent from the 2010 tabulation of 18,884.El D"

 

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town of Helena in 1833 on the Mississippi River. Helena was occupied by the Union Army early in the American Civil War. The city of Helena was the site of the Battle of Helena fought in 1863. The battle was started by Confederate forces in an unsuccessful attempt to oust the Union Army from Helena in order to help relieve pressure on the strategic river town of Vicksburg, Mississippi. Helena later served as the launching point for the Union Army in the capture of Little Rock, the state capital, later in the year.The city grew into a thriving blues community in the 1940s and 1950s. The city continued to grow until the closing of Mohawk Rubber Company, a subsidiary of Yokohama Rubber Company, in the 1970s. Unemployment surged shortly after.Today, Helena-West Helena is home to just over 12,000 people, the Delta Cultural Center, the Pillow-Thompson House (owned and operated by the Phillips Community College of the University of Arkansas), the King Biscuit Blues Festival (renamed back in 2010 on a 25th anniversary performance by B.B. King) held each October and a Confederate Army Generals Graveyard, which holds the remains of seven Confederate Army generals.Helena is the birthplace of Arkansas' former Senior United States Senator Blanche Lincoln and Actor/Director/Filmmaker Chuck Williams.With a median income of $19,896 for a household, the city is one of the poorest in the nation. One potential advance for the combined city, as reported by the Arkansas Democrat-Gazette on July 12, 2006, is an ethanol fuel refinery to be built by Las Vegas-based Fuels. Whether the consolidation had any bearing on the decision is not certain. Should the project come to fruition, the addition is expected to bring a significant increase in traffic to the region's port on the Mississippi River as well as several new jobs.

 

Camden is a city in and the county seat of Ouachita County in the southern part of the U.S. state of Arkansas. Long an area of NativAmerican villages, the French also made a permanent settlement here because of its advantageous location above the Ouachita River. In 2000, Camden had a population of 13,154, but it lost 7.4 percent of its residents and recorded 12,183 in 2010. The municipality in 2010 was 56 percent African American. Camden is the principal city of the Camden Micropolitan Statistical Area, which includes all of Ouachita and Calhoun counties.

 

Magnolia is a city in Columbia County, Arkansas, United States. As of the 2010 census the population was 11,577. The city is the county seat of Columbia County. Magnolia is home to the World's Largest Charcoal Grill and the World Championship Steak Cookoff, part of the Magnolia Blossom Festival.Magnolia when it was founded was a cotton, farm production, and marketing town. Slowly the town grew, and in 1909 the Third District Agricultural School, subsequently known as Magnolia A&M and Southern State College, now known as Southern Arkansas University, was founded. During World War II Magnolia became a heavy manufacturing city. In 1938 oil and natural gas were discovered near the city in what was called the Magnolia Oil Field, the largest producing field by volume in the nation during the war. The city soon became a producer in steel, lumber, aluminum, bromine, rubber-coated products and fuel cells for the military.

 

Arkadelphia is a city in Clark County, Arkansas, United States. As of the 2010 census the population was 10,714. The city is the county seat of Clark County. It is situated at the foothills of the Ouachita Mountains. Two universities, Henderson State University and Ouachita Baptist University, are located there. Arkadelphia was incorporated in 1857.Arkadelphia's economy is held together by two main industries, education and manufacturing. Ouachita Baptist University, Henderson State University and Arkadelphia School District employ many people in the education sector. The manufacturing sector consists of Boat Co., Technologies LLC,last. The economy includes small-scale businesses, including fast-food restaurants.

 

Malvern a city in and the county seat of Hot Spring County, Arkansas, United States. Founded as a railroad stop within the Ouachita Mountains, the community's history and economy have been tied to available agricultural and mineral resources. Specifically, the production of bricks from locally available clay has earned the city the nickname, ""The Brick Capital of the World"". The city had a population of 10,318 at the time of the 2010 census.The city is home to threeBrick plants and several other manufacturing companies including , , Company Inc and Corporation. It is also the home of International, the manufacturer of soda. Malvern is also host to the Ouachita River Unit, a medium security facility.

 

Batesville is the county seat and largest city of Independence County, Arkansas, United States, 80 miles (183 km) northeast of Little Rock, the state capital. According to the 2010 Census, the population of the city was 10,248. The city serves as a regional manufacturing and distribution hub for the Ozark Mountain region and northeast Arkansas.

 

Hope is a city in Hempstead County in southern Arkansas, United States. Hope is the county seat of Hempstead County and the principal city of the Hope Micropolitan Statistical Area, which includes all of Hempstead and Nevada counties. Hope is the hometown of two long-serving Arkansas governors: Bill Clinton (who went on to become the 42nd President of the United States after the 1992 election) and Mike Huckabee (who ran for the Republican presidential nomination in 2008).Hope is also known for growing watermelons and continues to produce records for the largest specimens in the world. The last record was set by Lloyd Bright in 2005 with a 268.8 pound watermelon. The Watermelon Festival is celebrated annually from Thursday-Saturday during the second week of August. The watermelon is used in the municipal logo and the Hope slogan: A Slice of the Good Life.

 

Centerton is a city in Benton County, Arkansas, United States. The population was 9,515 at the 2010 census. Centerton is part of the Fayetteville�Springdale�Rogers, AR-MO Metropolitan Statistical Area.

 

Monticello /m?nt?s?lo?/ is a city in and the county seat of Drew County, Arkansas. Founded in 1849 in the Arkansas Timberlands very near the Arkansas delta, the city has long been a commercial, cultural and educational hub for southeast Arkansas. With a historically agricultur and silviculturbased economy, Monticello has diversified including growth from the medical sector and the University of Arkansas at Monticello.

 

Stuttgart is a city in and the county seat of the northern district of Arkansas County, Arkansas, United States. It is located on U.S. Route 79 about 45 miles (72 km) southeast of Little Rock. As of the 2010 census it had a population of 9,326.Stuttgart is also home to Mack's Prairie Wings, known around the world as the premier waterfowl sports outfitter, through their store and online presence. During the third week in November (Thanksgiving Week), Stuttgart holds the World Duck Calling Contest that brings in people of all ages from around the world to show off their talent of using a duck call.

 

Clarksville is a city in Johnson County, Arkansas, United States. The 2011 population estimate was 9,251. The city is the county seat of Johnson County. Clarksville is nestled between the Arkansas River and the foot hills of the Ozark Mountains and Interstate 40 and US Hwy 64 intersect within the city limits. ClarksvillJohnson County is widely known for its peaches, scenic byways and abundance of natural outdoor recreational activities.

 

Greenwood is a city in and one of the two county seats of Sebastian County, Arkansas, United States, perhaps best known locally for its Arkansas high school football. It is the fifth largest municipality in the Fort Smith, Arkansas-Oklahoma Metropolitan Statistical Area with a population of 8,952 according to the 2010 US Census.

 

Wynne is the county seat and largest city of Cross County, Arkansas, United States. The population was 8,367 at the 2010 Census. Nestled between the Arkansas Delta and Crowley's Ridge, Wynne is the closest city to the largest state park in Arkansas, Village Creek State Park.

 

 

"

 

Arkansas

 

The United states Transportation Organization
states that there are about
205,000 truck drivers with transportation
businesses and
250,000 personal service providers trucking
companies accredited to
operate in the United States that carried,
according to their latest listings of millions of
items, supplies and
basic products .
There are several usual
carriers either going solo or in
teams on our nation
highways transferring these
vital products to our
shops, manufacturing facilities and harbors.

Plus trucking factoring
businesses benefit
many of them and offer their
receivable loan services
nationallyincluding
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

 

"Once a state with a cashless society in the uplands and plantation agriculture in the lowlands, Arkansas's economy has evolved and diversified to meet the needs of today's consumer. The state's gross domestic product (GDP) was $105 billion in 2010.[86] Six Fortune 500 companies are based in Arkansas, including the world's #1 retailer, Walmart. The per capita personal income in 2010 was $36,027, ranking forty-fifth in the nation. The three-year median household income from 2009-11 was $39,806, ranking forty-ninth in the nation. The state's agriculture outputs are poultry and eggs, soybeans, sorghum, cattle, cotton, rice, hogs, and milk. Its industrial outputs are food processing, electric equipment, fabricated metal products, machinery, and paper products. Mines in Arkansas produce natural gas, oil, crushed stone, bromine, and vanadium. According to CNBC, Arkansas currently ranks as the 20th best state for business, with the 2nd-lowest cost of doing business, 5th-lowest cost of living, 11th best workforce, 20th-best economic climate, 28th-best educated workforce, 31st-best infrastructure and the 32nd-friendliest regulatory environment. Arkansas gained twelve spots in the best state for business rankings since 2011. Arkansas's earliest industries were fur trading and agriculture. Although approximately 3% of the population is employed in the agricultural sector,[93] it remains a major part of the state's economy, ranking 13th in the nation in the value of products sold.[94] The state is the U.S.'s largest producer of rice, broilers, and turkeys,[95] and ranks in the top three for cotton, pullets, and aquaculture (catfish).[94] Forestry remains strong in the Arkansas Timberlands, and the state ranks fourth nationally and first in the South in softwood lumber production.[94] In recent years, automobile parts manufacturers have opened factories in eastern Arkansas to support auto plants in other states. Bauxite was formerly a large part of the state's economy, mostly mined around Saline County. Tourism is also very important to the Arkansas economy; the official state nickname ""The Natural State"" was originally created for state tourism advertising in the 1970s, and is still used to this day. The state maintains 52 state parks and the National Park Service maintains seven properties in Arkansas, including the nation's first National Park, Hot Springs National Park. The completion of the William Jefferson Clinton Presidential Library in Little Rock has drawn many visitors to the city and revitalized the nearby River Market District. Many cities also hold festivals which draw tourists to the culture of Arkansas such as King Biscuit Blues Festival, Ozark Folk Festival, Toad Suck Daze, and Tontitown Grape Festival"

 

 

 

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

 

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

 

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

 

Click below to find Trucking Companies in the United States:

Trucking Companies serving to/from points within the United States,
categorized by services offered. United States Trucking
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.

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

 

Click below to find Trucking Companies in the United States:

Trucking Companies serving to/from points within the United States,
categorized by services offered. United States Trucking
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.

 

"

Since the mid 1980s Morales 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 boom times from 2002 to 2007 Morales Truck & Haul was the mastermind of a top-rated accounts receivable in the trucking industry. Very few customers were behind on their bills, and those customers who were late turned in their overdue payments within an acceptable time frame. 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. Worse still, it was noticed by Morales in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. And as spring turmed to summer and summer into the early days of fall, Eddie Schmidt, CEO of Morales 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 things different, or wrong, when it came to collecting overdue 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. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. The had just gone!.The situation looked dire to Eddie Schmidt. Eddie 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. After work he would confide in his wife, Anita, and neither were unable to stop the constant worry over the lack of funds.""Lin, I have a really bad feeling,"" he would say with deep woe.""Well, what do you think it is?"" she would say.Eddie would stare off for a moment and then close eyes. In his mind he could clearly see the fleet of trucks purchased over the many years. He could see them on the road, delivering good to all his loyal customers. But somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. What on earth was happening to create the death of his business?""I know what it is,"" Eddie said. ""For way too long I've been relying solely on profits received from invoices. For too long I've been allowing our clients to let their accounts become overdue."" 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.

 

""Anita was trying so hard to support her husband in these worrying times, while Eddie was weighed down with the worry of how he was going to handle this situation he found himself in.The next day Eddie strolled into his office and was determined to sit down and make every phone call to every client who had owed Morales money. This wasn't really a very efficient way for a Chief Executive to spend his day, and Eddie 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. But, he felt like he was doing something proactive to help his business, even though he had staff on salary to do just that thing. A waste of time - a waste of money - he had the best intentions, but all the while Eddie 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 Joerley knocked at his door.

 

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

 

""Sure thing Jo, come on in."" Eddie leaned back in his chair and looked expectantly at Joerely.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Eddie."" She opened up a folder she had been carrying and pulled out a small wad of papers, placing them on the desk in front of him.""Have you ever heard the word factoring?"" she asked.""It 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.""Eddie 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 provides a very broad view.""Eddie 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. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.

 

This company tells us what the cost will be to purchase factoring for our accounts receivable. The funding commences once we�ve arrived at an agreement.�Eddie leaned forward and reviewed the paperwork closely.""I do not know, Jo - it just sounds too good to be true"", Eddie said quietly.""Yes, I know; that's exactly what I thought at the beginning. 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. They appear to be very flexible, Eddie,"" she underlined a paragraph on the paper before him.""How flexible?"" asked Eddie.""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.

 

""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,"" Eddie said.Eddie took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Precisely�. This could very well be the answer to resolving the problems we are having with these clients who still owe us money.""Eddie took a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Morales Truck & Haul were professional resources of the company, but they were also long-standing friends. Eddie wasn't prepared to lose these relationships just because they were having financial issues at the moment. Eddie knew only too well that the whole economy was floundering, and that it was not going to change overnight. If he did not handle these debtors in the right way, that unknown amount of time could spell disaster for all 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 Jo, thank you."" Jo nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.Eddie stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. What other issues could freight factoring help Morales with? Running his pencil down the sheet, he noted that the freight factoring company could assist with fuel costs, fuel advances, and fuel discount cards. Eddie was surprised: it said that his company could get up to fifty percent cash advances on load pickups. Eddie was a typical business man: he despised binding contracts that did not allow room to breathe, so he was pleasantly surprised to see that the factoring company did not require a long term contract, that there was no minimum volume required, and that there were no sign-up fees.""I must tell Lance the good news,"" muttered Eddie to himself.Lance is Eddie's son-in-law, and he really admired the ideas behind Morales, so much so that only two years before he had started his own transportation service business. Eddie knew then what struggles Lance would face but he encouraged him nonetheless. With the economy the way it was, if an established company such as Morales was struggling then the little guys, like Lance, were going to be in even more trouble. But, an antidote may have been found in freight factoring and Eddie was soon to find out.A few short months later, after completing the application process, having the legal experts review his credit history, accounts receivable, and statements, finally Eddie was beginning to find his way out of the hole his debtors had created for him.They adopted reasonable factoring purchase contracts and stopped wasting their own precious time trying to collect debts. They used that time to refocus their efforts in being competitive in new territories. Eddie looked back on the dismal months of life before freight factoring and almost shuddered at the thought. Had he missed the boat on this one, he probably wouldn't be in business today.

 

"

 

 

 

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"

Factoring in the Future of a Trucking Business: A Story The phone was ringing on his desk, and Cory Nguyen just sat there letting it ring. His morning coffee cooled and his cigarette smoked away in the tray: Cory is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Nguyen Trucking Company had reached a turning point and he now had to make a decision as to whether he should sign up with a factoring company, and indeed if this would be a good or regrettable decision for his business.

 

More than forty years ago Cory's father had started this business working as an owner-operator and eventually growing Nguyen Trucking Company into a fifteen trailer fleet. Yes, they had survived some very difficult times when it appeared like they might go under, and even Cory's mother had jumped into the cab at times 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. But now things were different: the company was in Cory'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 all have families and the usual household bills. 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. He knew that turning down these requests made Nguyen Trucking look inefficient and weak in what was currently a strong market.

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Cory 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.

 

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

 

But was factoring the answer? There was a lot he didn�t understand about the process. It sounded like a ninth grade math problem and he wondered how this would fit into the trucking business. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. The factoring company gives the trucking business its payment right away which allows the business to have continuous cash flow so it can pay employees, buy fuel, and make repairs for upcoming hauls. Without the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. During those thirty days the trucking company cannot pay its employees and bills with invoices.

 

Now it was time for Cory 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. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His colleague, Ronnie, who owned a trucking company in Missouri, was nearly destroyed by a factoring company who charged him the full freight bill on top of the fees for factoring. Well, what was the point of going to a factoring company if there was shady business like that going on?

 

However, it all turned out to be very simple. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He was quite happy to sign an exclusive contract. He liked the idea of a long term commitment so he knew he wouldn�t have to bother going back and forth to different companies and wasting time filing more forms. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. 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 extremely helpful and more personable than the bank staff. It seemed as though those bank people spoke another language, but these factoring guys knew the trucking business and spoke to him like a client, not like a beggar for a handout. The factoring companies were not interested in his credit nor the financial problems his father had experienced in the past. Factoring was based on the credit of his customers and on their reliability which worked well for Cory because he and his father had built up good strong relationships over decades with their list of clients. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients would not have any problems, nor would they think poorly of Nguyen 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.

 

Cory stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. He felt exhilarated by the new possibilities that would make the future of the company fun again and put the stress of the difficult times behind him. With the capabilities of this new cash flow, Cory could actually expand Nguyen Trucking Company further across the country and perhaps even go international into Canada. His heart felt full knowing his sons wouldn�t have to worry about money because of the right decisions he had made for their trucking business.

 

"

 

 

 

 

Factor Companies

 

Medical Receivables Funding

 

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"

�So It is not a loan?� asked Armando Harrison, 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.Armando 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 Sean. His company was called Stone Trucking, named after both of his grandfathers, Miguel and Jay. They had both been hardworking men, and had done a lot to make Armando the same.Disaster had struck half a year ago, when two trucks in Sean�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. Armando 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.A big problem a lot of trucking companies came across was how bills were paid in the industry. 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.Armando was an excellent business man, and he certainly hadn't done anything wrong. Certain events had occurred that he could not possibly have predicted, and now he had to find a way to protect his business and prevent it from ultimate devastation.That�s where the woman across the desk came in. Armando knew she was employed by a Factoring company and that her name was Diane. Armando had come across her company as he sat in his office late one night, pouring over the internet for some solution to his problem long after his employees had gone home.Diane explained. �It�s not a loan, we purchase your accounts receivable. we are not giving you finance to be repaid later: we are purchasing something from you, and when you can you can buy it back. This is a win-win situation: we are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Armando nodded. It sounded good to him, almost too good.The woman 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 thought I was going to lose my company.�Diane nodded. �Yes, we get a lot of that. There's no way we want to see you lose your business. We know how hard you work, and that you've invested everything in your business. We all need help sometimes. That�s what we�re here for.""Well, I'm very grateful that you came to see me today.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� said Diane with a smile. �Let�s see what we can do to help you.�And with that they set about making a profile.

 

Armando completed the form, with Diane offering advice as needed.

 

The completed profile gave Diane and her company all the information they needed on Sean's business, and with this information they would determine if this business would in fact be suitable for Factoring. In truth, not all companies were. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. Listening as Armando filled out his form, Diane was pretty sure he was a perfect candidate for factoring.Diane took the completed form and placed it in her briefcase. Standing up, she reached over the desk and shook Sean's hand. He stood before they shook as well, and then smiled. Armando walked Diane to the door where they said 'Goodbye', then he went back into 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 felt so drained: he had been flailing helplessly for so long, he just knew his business was going to collapse and probably take him with it. But now, after speaking to Diane 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 terrifying panic attacks that occurred regardless of where he was. Already he could feel all the stress start to drain away. He knew it wasn't over yet and that there was still a way to go, but he could just feel everything start to change for him. 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. His passion didn�t lie with the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took half a year off, and in that time he thought to start Stone Trucking. So he did it. For the second time in his short life he created a company from the ground up. He had been successful.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was nearing fifty. He was concerned that he just did not have the energy left to try and save the business. 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 didn�t know how to say quit.And now it seemed as though he would not have to - all because of Factoring. Armando 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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The reason why Trucking Agencies Utilize Factoring Companies.

 

As the manager of your own company, you may perhaps be much more than aware already of the difficulty in making sure that cash flow issues do not become a difficulty down the line. Anyway, the most horrible thing that can in all probability develop for your establishment is to find yourself swept up in a long and perplexing predicament that leaves you forever searching for the resources you necessitate on an ongoing basis.

 

For pretty much any establishment in this condition, the complication can come for waiting for work to clear up and actually be brought in into your account. Statements, checks, and the like could take a while to actually to be taken care of which could leave you with short-term available resources problems. Fortunately, there are options out there for firms to check out-- and among these is factoring providers.

 

Factoring firms will, in exchange for your invoices, supply you with the resources asap in order that you do not have to fret about the delaying duration which could make paying off the bills and purchasing toolsmore hard. With this sort of arrangement, invoice factoring can end up being exceptionally helpful for numerous firms who ought to get out of a money ploy which they have found themselves in.

 

Considering that, relying on the size of the work, it can take up to 60 days for several companies to get paid then it is necessary to cover up your own back and certainly not leave yourself funds short to pay off the costs. After all, how many businesses possess two months cash flow just occupying there to handle all their bills until they get paid?

 

This is most notably correct of truck enterprises. They have the tendency to take care of tons of statements which means a considerable quantity of collection period entails company owner themselves. Making an effort to get paid out in time can become an extraordinary hassle and this is the key reasons why you work with trucking factoring agencies who are delighted to help out truckers mainly.

 

As most of us know, trucking is an astonishingly massive market with lots of agencies out there handling hundreds of drivers. Unfortunately, many of these drivers wind up in income issues since they are still expecting work from six weeks earlier to actually pay them. When this is the circumstance for a truck firm, choosing factoring firms for reinforcement could be the best option left.

 

This signifies that a trucking business can compensate the paychecks of the personnel, keep all the cars topped off with fuel and continue to scale, develop and expand without constantly waiting for the cash which is taking too long to come in. Trucking Firms working without a factoring system put in place are leaving themselves at notable danger, as competitions cash out fast and carry on to develop.

 

There's honestly almost nothing to be troubled about when it comes to utilizing a Factoring business-- they usually are not like a financial institution or an individual who is going to leave you with a big pile of liability to repay. You give them legitimate invoices from job you have already finalized , you are merely speeding the repayment system.

 

In the Usa, where trucking enterprises grow, factoring agencies are not considered accepting loan of in any capacity. This confidential deal then lets both groups to profit and take joy in a convenient future-- it provides the factoring provider a guaranteed resource of profit to include in the list and it supplies the trucking company the required cash that they sweated to earn.

 

The trucking business bestows their accounts to the factoring company. The trucking factoring firm then receive the installment payments from the trucking company's customers. Factoring has been in existence for centuries and has been utilized for long times by a lot of different fields-- but none exceeding so than truckers. While you may well miss out on a small part of the money, something like 1-3 % depending upon who you collaborate with, it indicates that you are receiving the resources today and can actually start off setting the cash to function.

 

After all, an IOU or an invoice is not going to finance overheads, is it? For trucking firms when the funds can be very good one day and gone the next, it is up to the drivers to work prudently and to ascertain they are leaving themselves with a significant volume of time and money to get through the week up until they are handed over again.

 

So the next period your trucking business is having some temporary capital dilemmas and you are spending a lot of time chasing slowly paying customers, why not start looking at using a factoring businesses as a manner to get your cash and give yourself a more at ease future in the eyes of your trucking team and your bank balance?

 

 

 

 

 

 

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Traditional Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. These loans can be a life-saver, but they're not always available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. Plus, the amount you apply for through the bank is the actual amount that you are going to receive. Of course, once that loan has been re-paid, you can always re-apply for another loan.

 

Trucking Factoring Companies

 

Trucking Factoring companies do not offer loans, and you do not go into debt when you get money from a Trucking Factoring company. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have 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 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

 

Not every business can benefit from Trucking Factoring account financing because you have to have a business with accounts receivable, however there are many benefits for those who can access this type of finance.

 

1. There is no debt. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating will not be affected. Should the unforeseeable happen and your business fails, you will not have to worry about anyone coming after your personal as well as your business assets to pay off a loan. The debt goes onto your credit report with a bank loan, with only one missed payment adversely affecting your business credit: it would also affect your ability to secure insurance, and may reflect on your personal credit rating as well.

 

2. 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. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. 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 not only are you relieved of those monthly loan payments, but you also do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

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

 

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