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Cash For Companies. Tell Us What You Want - Our Trucking Factoring Company Can Provide
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Small freight businesses, specifically those who have actually not been around for extremely long, will frequently discover it tough to protect a loan. Banks are commonly hesitant to lend cash to companies that do not have a lot of earnings and assets. They likewise desire evidence of the viability of a business and thus need that a lot of operations, specifically little ones, been around for a specific quantity of time before they are prepared to hand over any cash. Since of this, a medium-size company frequently has few money producing options when needs emerge. One option available, however often neglected, is receivable Financing. This is an outstanding way for a small company to get cash.

 

 

 

 

 

 

 

Only Companies with imagination can take it - Pick A Trucking�Factoring Company  Instead Of A Traditional Bank Financing

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

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

Money flow does not have to be a problem any more. Do not be deceived -- banks are not the only places you can get financing. Other solutions are offered and you do not have to borrow. What is trucking factoring ? One option is called trucking factoring. Trucking Factoring is the process of selling invoices to an investor instead of waiting to gather the cash from the client. Oh, the Irony- Truck factoring has a paradoxical difference: It is the monetary backbone of many of America's most successful companies. Why is this paradoxical ? Since trucking factoring is not instructed in business colleges, is seldom discussed in business strategies and is relatively unknown to bulk of most of American company people.

Yet it is a financial process that frees billions of dollars every year, enabling thousands of businesses to grow and prosper. Truck Factoring has been around for thousands of years. Staffing Factoring Businesses are investors who pay money for the right to get the future payments on your invoices. An overdue receivable or invoice has value. It is a debt your client has actually agreed pay in the near future. Factoring Principals--Although factoring offers exclusively with business-to-business transactions, a big portion of the retail company utilizes a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail deals. Utilizing the purest meaning of the word, these large customer finance companies are really simply large Commercial Factoring Companies of consumer paper. Consider it: You purchase at Sears and charge it to your MasterCard. The store gets paid almost immediately, although you do not pay up until you are prepared.

For this service, the credit card company charges XYZ Store a fee (typical common normal fees vary from two to 4 percent of the sale). The Advantages Staffing Factoring can offer many benefits to cash-hungry companies. Instead of waiting 30, 60, 90 days or longer for payment on an item that has already been provided, a business can factor (sell) its receivables for cash at a small price cut off the dollar value of the invoice. Payroll, marketing efforts, and working capital are simply a few of the company needs that can be met with instant  money.

Receivable Financing provides the means for a manufacturer to replenish inventory and make even more products to sell: There is no longer a requirement to wait for earlier sales to be paid. FACTORING is not simply a cash management device for producers: Almost any type business can take advantage of Receivable Loan Funding. Typically, a company that extends credit will have 10 to 20 percent of its annual sales tied up in invoices at any given time. Think for a minute about how much is tied up in 60 days' worth of invoices: You can not pay the power bill or today s payroll with a customer s invoice, but you can offer that invoice for the cash to meet those obligations. Using trucking factoring companies is a fast and simple process. The factor buys the invoice at a price cut, usually a few percentage points less than the stated value of the invoice.

 

 

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"

Oklahoma City is the capital and largest city of the state of Oklahoma. The county seat of Oklahoma County, the city ranks 27th among United States cities in population. The population grew following the 2010 Census, with the population estimated to have increased to 610,613 as of July 2013. As of 2013, the Oklahoma City metropolitan area had a population of 1,319,677, and the Oklahoma City-Shawnee Combined Statistical Area had a population of 1,390,835 residents, making it Oklahoma's largest metropolitan area. Oklahoma City's city limits extend into Canadian, Cleveland, and Pottawatomie counties, though much of those areas outside of the core Oklahoma County area are suburban or rural (watershed). The city ranks as the eighth-largest city in the United States by land area (including consolidated city-counties; it is the second-largest city in the United States by land area whose government is not consolidated with that of a county).Oklahoma City features one of the largest livestock markets in the world. Oil, natural gas, petroleum products and related industries are the largest sector of the local economy. The city is situated in the middle of an active oil field and oil derricks dot the capitol grounds. The federal government employs large numbers of workers at Tinker Air Force Base and the United States Department of Transportation's Mike Monroney Aeronautical Center (these two sites house several offices of the Federal Aviation Administration and the Transportation Department's Enterprise Service Center, respectively).Oklahoma City is on the I-35 Corridor as one of the primary travel corridors into neighboring Texas and Mexico. Located in the Frontier Country region of the state, the city's northeast section lies in an ecological region known as the Cross Timbers. The city was founded during the Land Run of 1889, and grew to a population of over 10,000 within hours of its founding. The city was the scene of the April 19, 1995 bombing of the Alfred P. Murrah Federal Building, in which 168 people died. It was the deadliest terror attack in the history of the United States until the attacks of September 11, 2001, and remains the deadliest act of domestic terrorism in U.S. history.Since the time weather records have been kept, Oklahoma City has been struck by nine strong tornadoes, eight F/EF4s and one F5.services, health services and administration. The city is headquarters to two Fortune 500 companies,as well as being home to Travel Stops Stores, which is ranked thirteenth on ' list of private companies.

 

Tulsa /'t?ls?/ is the second-largest city in the State of Oklahoma and 47th-largest city in the United States. As of July 2013 the population was 398,121, an increase of 6,215 over that reported in the 2010 Census. It is the principal municipality of the Tulsa Metropolitan Area, a region with 961,561 residents in the MSA and 1,131,458 in the CSA. The city serves as the county seat of Tulsa County, the most densely populated county in Oklahoma, and extends into Osage, Rogers, and Wagoner counties.Tulsa was first settled between 1828 and 1836 by the Lochapoka Band of Creek Native tribe. For most of the 20th century, the city held the nickname ""Oil Capital of the World"" and played a major role as one of the most important hubs for the oil industry.Once heavily dependent on the oil industry, economic downturn and subsequent diversification efforts created an economic base in the energy, finance, aviation, telecommunications and technology sectors. The Tulsa Port of Catoosa, at the head of the McClellan-Kerr Arkansas River Navigation System, is the most inland river port in the U.S. with access to international waterways. Two institutions of higher education within the city have sports teams at the Division I level, Oral Roberts University and the University of Tulsa.It is situated on the Arkansas River at the foothills of the Ozark Mountains in northeast Oklahoma, a region of the state known as ""Green Country"". Considered the cultural and arts center of Oklahoma, Tulsa houses two world-renowned art museums, full-time professional opera and ballet companies, and one of the nation's largest concentrations of art deco architecture. The city has been called one of America's most livable large cities by Partners for Livable Communities, , and Relocate America. FDi Magazine in 2009 ranked the city no. 8 in the U.S. for cities of the future. In 2012, Tulsa was ranked among the top 50 best cities in the United States by . People from Tulsa are called ""Tulsans.""The United States Oil and Gas Association, formerly the Mid-Continent Oil and Gas Association, was founded in Tulsa on October 13, 1917, six months after the entry of the United States into World War I. At the time Tulsa called itself ""The Oil Capital of the World"". At its creation, the association worked to provide petroleum to the Allied forces. In the decades since its establishment, the association is recognized as a leading advocate for producers of domestic oil and gas.

 

Norman /'n?rm?n/ is a city in the State of Oklahoma 20 miles (30 km) south of downtown Oklahoma City in its metropolitan area. The population was 110,925 at the 2010 census. Norman's 118,197 residents make it the third-largest city in Oklahoma by population, and the city serves as the county seat of Cleveland County.Norman was settled during the Land Run of 1889, which opened the former Indian Territory and Unassigned Lands to pioneer settlement. The city was named in honor of its first land surveyor, Abner Norman, and was formally incorporated on May 13, 1891. Economically the city has prominent higher education and related research industries including as the home to the University of Oklahoma, the largest university in the state with approximately 30,000 students enrolled. The university is well known for its sporting events, with over 80,000 people routinely attending football games. The university is also home to several museums including the Fred Jones Jr. Museum of Art, which contains the largest collection of French Impressionist art ever given to an university.The National Weather Center, located in Norman, houses a unique collection of university, state, and federal organizations that work together to improve the understanding of events related to the Earth's atmosphere. Norman lies within Tornado Alley, a geographic region where tornadic activity is predominant. The Oklahoma City metropolitan area, including Norman, is the most tornado-prone area in the United States. In addition to this, the Storm Prediction Center, a branch of the National Oceanic and Atmospheric Administration, is in Norman due to its location. The facility is used for forecasting severe storm and tornado outbreaks in addition to housing various experimental weather radars.Despite being in the wide belt at high risk of this weather phenomenon, in 2008 CNN's Money Magazine ranked Norman as the sixth best small city within the United States in which to live.The University of Oklahoma employs over 10,700 personnel across three campuses, making it a significant driver of Norman�s economy. The campus is a center for scientific and technological research, having contributed over $277 million to such programs in 2009.

 

Broken Arrow is a city located in the northeastern part of the State of Oklahoma, primarily in Tulsa County but also with a section of the city in western Wagoner County. It is the largest suburb of Tulsa. According to the 2010 census, Broken Arrow has a population of 98,850 residents and is the fourth largest city in the state. However, a July 1, 2013, estimate reports that the population of the city is 103,500, making it the 278th largest city in the United States. The city is part of the Tulsa Metropolitan Area, which has a population of 961,561 residents.The Missouri�Kansas�Texas Railroad sold lots for the town site in 1902 and company secretary William S. Fears named it Broken Arrow. The city was named for a Creek community settled by Creek Indians who had been forced to relocate from Alabama to Oklahoma along the Trail of Tears.Though Broken Arrow was originally an agricultural community, its current economy is diverse. The city has the third largest concentration of manufacturers in the state.

 

The city of Lawton (Pawnee: Raar�htaaru?) is the county seat of Comanche County, in the State of Oklahoma. Located in southwestern Oklahoma, about 87 mi (140 km) southwest of Oklahoma City, it is the principal city of the Lawton, Oklahoma Metropolitan Statistical Area. According to the 2010 census, Lawton's population was 96,867, making it the fifth-largest city in the state.Built on former reservation lands of Kiowa, Comanche, and Apache Indians, Lawton was founded on August 6, 1901, and was named after Major General Henry Ware Lawton, a Civil War Medal of Honor recipient who was killed in action in the Philippine� War. Lawton's landscape is typical of the Great Plains, with flat topography and gently rolling hills, while the area north of the city is marked by the Wichita Mountains.The city's proximity to Fort Sill Military Reservation gave Lawton economic and population stability in the region throughout the 20th century. Although Lawton's economy is still largely dependent on Fort Sill, it has also grown to encompass manufacturing, higher education, health care, and retail. The city's government is run by a council-manager government consisting of a city manager and a city council headed by a mayor. Interstate 44 and three major United States highways serve the city, while Lawton-Fort Sill Regional Airport connects Lawton by air. Recreation can be found at the city's many parks, lakes, museums, and festivals. Notable residents of the city include many musical and literary artists, as well as several professional athletes.

 

Edmond is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area in the central part of the state. As of the 2010 census, the population was 81,405, making it the sixth largest city in the state of Oklahoma.The city limits are located on the northern border of Oklahoma City. Two major highways connect Edmond to downtown Oklahoma City: U.S. Route 77 (the Broadway Extension), which runs through the center of Edmond, and Interstate 35, which runs along the eastern side. Public transportation is provided by Citylink Edmond bus service.In 2011, Edmond was #1 on CNBC's ""10 Perfect Suburbs"" list. Edmond was listed as one of the ""Top 100 Places to Live in 2007"" by Relocate America. Edmond was selected the most outstanding community in its class for five years in a row by the State Chamber of Commerce and State Industrial Development Department.The supermarket chain Homeland is based in Edmond. The University of Central Oklahoma, one of the fastest growing in the state, is a major employer. The city's economy is centered on technology, manufacturing, construction, wholesale, and retail trade.

 

Moore is a city in Cleveland County, Oklahoma, United States and is part of the Oklahoma City metropolitan area. The population was 55,081 at the 2010 census, making it the seventh largest city in the state of Oklahoma.Located between Oklahoma City and Norman, the city has been the site of several devastating tornadoes, with those occurring in 1999 and 2013 receiving national attention. The city was also damaged by other tornadoes in 1998, 2003, and 2010.

 

Midwest City is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area. As of the 2010 census, the population was 54,371, making it the eighth largest city in the state.The city was developed in response to talk of an air field being located nearby and named for the Tinker Air Force Base's original designation as the Midwest Air Depot. The city suffered damage during two tornadoes, the first in May 1999 and the second on May 8, 2003.The city has always had strong ties to Tinker Air Force Base, the largest single-site employer in Oklahoma.[20] Other large employers include the Midwest Regional Medical Center and aerospace industry businesses affiliated with the base.

 

Enid (e'nid) is a city in Garfield County, Oklahoma, United States. As of the 2010 census, the population was 49,379, making it the ninth largest city in Oklahoma. It is the county seat of Garfield County. Enid was founded during the opening of the Cherokee Outlet in the Land Run of 1893, and is named after Enid, a character in Alfred, Lord Tennyson's Idylls of the King. In 1991, the Oklahoma state legislature designated Enid the ""Purple Martin Capital of Oklahoma."" Enid holds the nickname of ""Queen Wheat City"" and ""Wheat Capital"" of Oklahoma and the United States for its immense grain storage capacity, and has the third largest grain storage capacity in the world.The economy of Enid is diverse, but its foundation is the oil and gas industry and agriculture.When Enid participated in the City Beautiful movement in the 1920s,[49] Frank Iddings wrote the city song, ""Enid, The City Beautiful"". ""You're right in the center where the best wheat grows and you've got your share of the oil that flows,"" his lyrics read.[50] These were the early staples of the Enid economy. Enid's economy saw oil booms and agricultural growth in the first half of the 20th century. The Great Depression, however, caused both of these staples to lose value, and many businesses in Enid closed. However, Enid recovered, prospering and growing in population until a second wave of bad economic times hit in the 1980s, when competition with the local mall and economic factors led Enid's downtown area to suffer.[51] Since 1994,[52] Enid's Main Street program has worked to refurbish historic buildings, boost the local economy, and initiate local events such as first Friday concerts and holiday celebrations on the town square.[53]

 

is a city in north-central Oklahoma at the intersection of US-177 and State Highway 51. It is the county seat of Payne County, Oklahoma, United States. As of 2012, the city population was estimated to be 46,560, making it the tenth largest city in Oklahoma. Stillwater is the principal city of the Stillwater Micropolitan Statistical Area which had a population of 78,399 according to the 2012 census estimate. Stillwater was part of first Land Run held April 22, 1889, when Oklahoma Territory's Unassigned Lands opened for settlement. The city charter was adopted on August 24 later that year. Stillwater is home to Oklahoma State University, a branch of Northern Oklahoma College, Meridian Technology Center, and the Oklahoma Department of Career and Technology Education.Stillwater has a diverse economy with a foundation in aerospace, agribusiness, biotechnology, optoelectronics, printing and publishing, and software and standard manufacturing. The city operates under a council-mayor government system. The city's largest employer is Oklahoma State University. It was one of the 100 top places to live in 2010, according to CNN Money Magazine.Stillwater is located in the area popularly known as ""Tornado Alley"". It has a humid subtropical climate and the highest recorded temperature was 115 �F (46 �C).The city is home to the National Wrestling Hall of Fame and Museum and the Oklahoma State Cowboys wrestling team.Stillwater is home to a diverse mix of business and industry, from manufacturing to advanced technology. Among its export industries are printing and publishing, floor covering, wire products, software, food and kindred products, and research. Stillwater has the following economic clusters: aerospace, agribusiness, biotechnology, optoelectronics, printing and publishing, software and standard manufacturing.[29]

 

Muskogee is a city in Muskogee County, Oklahoma, United States. It is the county seat of Muskogee County, and home to Bacone College. The population of the city was 39,223 as of the 2010 census, a 2.4 percent increase from 38,310 at the 2000 census,[2] making it the eleventh-largest city in Oklahoma.The 1951 film Jim Thorpe, All , starring Burt Lancaster, was filmed on the campus of Bacone Indian College at Muskogee.[3] Two feature films were recently shot in Muskogee: Salvation (2007) and Denizen (2010).

 

Bartlesvillian/Bartian Bartlesville is a city started in Osage County but now mostly in Washington county in the U.S. state of Oklahoma. The population was 35,750 at the 2010 census, with a 2013 estimate of 36,258 according to the US Census Bureau.[3] Bartlesville is 47 miles (76 km) north of Tulsa and 18 miles (29 km) from Oklahoma's northern border with Kansas. It is the county seat of Washington County. The Caney river runs through Bartlesville.Bartlesville is the primary city of the Bartlesville Micropolitan area, which consists of Washington County and has a population of 50,976 as of 2010. Bartlesville Micropolitan area is also part of the Tulsa Combined Statistical Area CSA with a population of 988,454 as of 2010.Bartlesville is notable as the longtime home of Petroleum Company. The company merged with noco as nocos and later split into the two independent companies 66 and hillips. Both companies remain in Bartlesville. Frank founded Petroleum in Bartlesville in 1905 when the area was still Indian Territory.It is one of two places in Oklahoma where a Lenape Native tribe lives, the other being Anadarko.[citation needed]Prior to its merger with Con, Petroleum Company had its headquarters in Bartlesville. After Con formed, the combined company established a global systems and services office in Bartlesville. Cono spun most of its operations not related to Exploration and Production to form a new company, 66, in 2012. The two companies combined employ or contract more than 3,800 people in the area. n also has an office here.

 

Owasso is a city in Rogers and Tulsa counties in the U.S. state of Oklahoma, and a northern suburb of Tulsa. The population was 28,915 at the 2010 census. Originally settled in 1881 in Indian Territory, the town incorporated in 1904 just prior to Oklahoma statehood and was chartered as a city in 1972.Scenes in The Outsiders film were shot in Owasso.Owasso became a bedroom community in the 1950s for Tulsa, which was only 12 miles (19 km) away. As Tulsa expanded, so did industry around Owasso, stimulating further growth. Industrial development proceeded through the 1980s and 1990s. Factories included Airlines, with nine thousand employees, Group, with seventeen hundred, and , with twelve hundred and Com with twenty-two hundred.

 

Shawnee is a city in Pottawatomie County, Oklahoma, United States. The population was 29,857 at the 2010 census, a 4.0 percent increase from 28,692 at the 2000 census.[3] The city is part of the Oklahoma City-Shawnee Combined Statistical Area; it is also the county seat of Pottawatomie County and the principal city of the Shawnee Micropolitan Statistical Area.Located on Interstate 40, Shawnee is about 45 minutes east of the attractions in downtown Oklahoma City. To the east and northeast, the McClellan-Kerr Arkansas River Navigation System offers barge access to the Gulf of Mexico.

 

Ardmore is a business, cultural and tourism city in and the county seat of Carter County, Oklahoma, United States.[3] As of the 2010 Census, the city had a population of 24,283, while a 2011 estimate has the Ardmore micropolitan statistical area totaling 57,482 residents. Ardmore is located 90 miles (140 km) equidistant from Oklahoma City and Dallas/Fort Worth, Texas at the junction of Interstate 35 and U.S. Highway 70, and is generally considered the hub of the ten-county region in South Central Oklahoma, also known by state tourism pamphlets as Arbuckle Country and Lake and Trail Country. Geologically, Ardmore is situated about 9 miles (14 km) south of the Arbuckle Mountains, and is located at the eastern margin of the Healdton Basin, one of the most oil-rich regions of the United States.Ardmore was named after the affluent Philadelphia suburb and historic Pennsylvania Main Line stop Ardmore, Pennsylvania, which was named after Ardmore, Ireland by the Pennsylvania Railroad in 1873. The name Ardmore is Gaelic signifying high grounds or hills.Ardmore is the principal center of trade for a ten-county region in south central Oklahoma, with a retail pull factor of 1.7 - 1.9. Ardmore's major employers are North America, with 1,900 employees and Mercy Memorial Health Center, with 900 employees. Several hundred employees work for regional distribution centers for among others. Until early 2009, Ardmore was also home to a large regional distribution center for the now-defunct retail electronics chain, City and was also home to a 1-800-flowers call center. In 2010 Ardmore lost another technology company, , which was purchased by and moved away to California. The 85,000 bbl/d (13,500 m3/d) Valero Refinery in northeast Ardmore employs some 250 area residents. Ardmore is also home to the Samuel Roberts Noble Foundation, among the nation's 50 largest private foundations, primarily engaged in agricultural bioresearch activities. Located just to the south of the city limits on the Oklahoma-Texas border is the World Casino, which is owned by the Chickasaw Nation. In 2001, opened a foundry located at the Ardmore Industrial Airpark.

 

Ponca City (Pawnee: Riihitawiru?, Ri�hitawiru, Riihit�wiru ) is a small city in Kay and is partly in Osage counties in the U.S. state of Oklahoma, which was named after the Ponca Tribe. Located in north central Oklahoma, it lies approximately 18 miles (29 km) south of the Kansas border, and approximately 15 miles (24 km) east of Interstate 35. Ponca City had a population of 25,387 at the time of the 2010 census, making it the largest city in Kay County. The city is near the Arkansas River, the Salt Fork of the Arkansas River, Kaw Lake, and Lake Ponca, which all provide numerous recreational opportunities.Ponca City lies on approximately 18.1 square miles (46.9 km2) of land, and also has approximately 1.2 sq mi (3.1 km2) of water, for a total area of 19.3 square miles (50.0 km2). The city is served by the Ponca City Regional Airport (PNC), and is accessible by US-60, US-177, OK-11, and I-35. 66 has 1,500 employees and 650 contractors in its facilities in Ponca City. The company has a credit card center, a refining complex, a technology research center and a transportation office. The Ponca City Refinery, operated by 66, is the largest refinery in the state of Oklahoma.[20]

 

Yukon is a city in Canadian County, Oklahoma, United States and is part of the Oklahoma City Metropolitan Area. The population was 22,709 at the 2010 census.[2] Founded in the 1890s, the town was named in reference to a gold rush in Yukon Territory, Canada, at the time. Historically, Yukon served as an urban center for area farmers and the site of a large milling operation. It is now considered primarily a bedroom community for people who work in Oklahoma City.

 

Duncan is a city and county seat of Stephens County, Oklahoma, United States.[3] The population was 23,431 at the 2010 census.Duncan once adopted the slogan, ""The Buckle on the Oil Belt"". Its main claim to fame is as the birthplace of the Corporation. Erle P. perfected a new of cementing wells, making oil production much easier and more profitable, and established the New Oil Well Cementing Company in 1919. He died in 1957, at which time the company had 201 offices in 22 states and 20 foreign countries. maintains seven different complexes in Duncan plus an employee recreational park, but the corporate offices relocated first to Dallas and later to Houston.

 

Bixby is a city in Tulsa and Wagoner counties in the U.S. state of Oklahoma, and is a suburb of Tulsa. The population was 13,336 at the 2000 census and 20,884 in the 2010 census, an increase of 56.6 percent.[3] It is nicknamed ""The Garden Spot of Oklahoma"" for its rich agrarian heritage. Though one of the fastest growing communities in Oklahoma, it remains a sod-growing center and a popular location for purchasing fresh vegetables. In 2009, CNN Money.com placed Bixby No. 67 on its list of 100 Best Places to Live.

 

Del City is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area. The population was 21,332 at the 2010 census.Del City is located near two major interstate highways, both of which connect it to Oklahoma City. Interstate 40 bisects the town from the northwest to southeast, and Interstate 35 lies just a short distance west of the city. The city borders southeast Oklahoma City, Midwest City and Tinker Air Force Base. George Epperly founded the city, which was incorporated by a vote of its residents in 1948. Del City is named after Epperly's eldest daughter Delaphene.[3] Since its incorporation Del City has expanded three times, first by annexing Carter Park in 1954, Midway Village in 1963 and the acquisition of an undeveloped piece of land between the city and Tinker AFB[3] A large area of Del City was significantly impacted by the May 3, 1999 tornado outbreak that passed through the Oklahoma City metro area.Del City borders Tinker Air Force Base, the largest single-site employer in Oklahoma.[20] Other major employers in the area include Rose State College, the Midwest Regional Medical Center, base-affiliated companies and many of the major employers in the Oklahoma City metropolitan area.

 

Sapulpa is a city in Creek and Tulsa counties in the U.S. state of Oklahoma. The population was 20,544 at the 2010 United States census, compared to 19,166 at the 2000 census. It is the county seat of Creek County.

 

Altus is a city and county seat in Jackson County, Oklahoma, United States. The population was 19,813 at the 2010 census, a loss of 7.7 percent compared to 21,454 at the 2000 census.Altus is home to Altus Air Force Base, the United States Air Force training base for C-17, and KC-135 aircrews. It is also home to Western Oklahoma State College and Southwest Technology Center.

 

Bethany is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area. The population was 19,051 at the 2010 census, a decline of 6.2 percent from 20,307 at the 2000 census. The community was founded in 1909 by followers of the Church of the Nazarene from Oklahoma City.The largest employers in the area include: Southwestern Christian University, Wiley Post Airport, Deaconess Hospital at Bethany, the Children's Center, and Bethany public schools. Since 1975 Bethany has been the headquarters for the International Pentecostal Holiness Church. The Federal Aviation Administration Systems Management Office is located there. Bethany is the headquarters for the Horse"

 

"

ster is still known in Oklahoma as the ""Capital of Little Dixie,"" for its old-time Democratic politics.The Oklahoma State Penitentiary is a large source of employment and local revenue in McAlester.

 

El Reno is a city in and county seat of Canadian County, Oklahoma, United States. As of the 2010 census, the city population was 16,729. The city was begun shortly after the 1889 land rush and named for the nearby Fort Reno. It is located in the central part of the state, approximately 25 miles (40 km) west of downtown Oklahoma City, and is part of the Oklahoma City Metropolitan Statistical Area.

 

Ada is a city in and the county seat of Pontotoc County, Oklahoma, United States. The population was 16,810 at the 2010 census, an increase of 7.1 percent from 15,691 at the 2000 census. The city was named for Ada Reed, the daughter of an early settler, and was incorporated in 1901. Ada is home to East Central University, and is the headquarters of the Chickasaw Nation.Ada is an Oklahoma Main Street City, an Oklahoma Certified City, a Tree City USA member, and a National Weather Service StormReady Community.The economy of Ada is diversified. In the mid and late 20th century, the town was a manufacturing center, producing products such as Wrangler jeans, auto parts, cement and concrete, plastic-wear, and other products. Since the start of the 21st century, however, most large manufacturing centers have left or have downsized considerably.

 

Durant is a city in Bryan County, Oklahoma, United States and serves as the capital of the Choctaw Nation of Oklahoma. The population was 15,856 at the 2010 census. Durant is the principal city of the Durant Micropolitan Statistical Area, which had a population of 42,416 in 2010. Durant ranks as the second largest city within the Choctaw Nation, following McAlester, and ahead of Poteau. Durant also has the third highest violent crime rate in the state of Oklahoma.The city was founded by Dixon Durant, a Choctaw who lived in the area, after the MK&T railroad came through the Indian Territory in the early 1870s. It became the county seat of Bryan County in 1907 after Oklahoma statehood.Durant is home to Southeastern Oklahoma State University and the headquarters of the Choctaw Nation. The city is officially known as the Magnolia Capital of Oklahoma.Durant was ranked as the fastest growing rural city in Oklahoma in 2004, having the fastest growth rate outside of the Oklahoma City and Tulsa metropolitan areas.

 

Chickasha /'t??k??e?/ is a city in and the county seat of Grady County, Oklahoma, United States. The population was 16,036 at the 2010 census. Chickasha is home to the University of Science and Arts of Oklahoma. The city is named for, and strongly connected to Native American heritage as Chickasha (Chikashsha) is the Choctaw word for Chickasaw.Agriculture, particularly wheat production, and cattle raising have been important to the city's economy since its earliest days. Manufacturing became important about the middle of the 20th Century.

 

Tahlequah (/'t�l?kw??/ TAL-?-kwah; Cherokee: ???) is a city in Cherokee County, Oklahoma, United States located at the foothills of the Ozark Mountains. It was established as a capital of the 19th-century Cherokee Nation in 1839, as part of the new settlement in Indian Territory after the Cherokee Native Americans were forced west from the American Southeast on the Trail of Tears.The city's population was 15,753 at the 2010 census, an increase of 8.96 percent from 14,458 at the 2000 census. It is the county seat of Cherokee County. The main campus of Northeastern State University is located in the city. Tahlequah is the capital of the two federally recognized Cherokee tribes based in Oklahoma, the United Keetoowah Band of Cherokee Indians and the modern Cherokee Nation.

 

Miami (/ma?'�m?/ my-AM-?)) is a city in and county seat of Ottawa County, Oklahoma, United States. As of the 2010 census, the population was 13,570, a decline of one percent from 13,704 at the 2000 census. The city is named after the Miami tribe. Miami is the capital of the Miami Tribe of Oklahoma, Modoc Tribe of Oklahoma, Ottawa Tribe of Oklahoma, Peoria Tribe of Indians, Seneca-Cayuga Tribe, and Shawnee Tribe. Miami is part of the Joplin, Missouri metropolitan area

 

Woodward is a city in and the county seat of Woodward County, Oklahoma, United States. It is the largest city in a nine-county area. The population was 12,051 at the 2010 census.The area was historically occupied by the Kiowa, Comanche, Cheyenne and Arapaho tribes. European-American settlers established the town in 1887 after construction of the railroad to that point for shipping cattle to markets. The town was on the Great Western Cattle Trail. In the 19th century, it was one of the most important depots in the Oklahoma Territory for shipping cattle to the East. As an important cattle town, it had the rough frontier bawdiness of the time. The United States opened up much of the area to European-American settlement by the Land Run of 1893 and migrants rushed into the area.Boiling Springs State Park, named for its artesian springs that seem to boil, has been established east of the city. After statehood, in 1911 Woodward was established as a court town for the US District Court of western Oklahoma. Annual federal dockets were held annually in November through 1948, and sporadically by need after that.Woodward is the principal center of trade for Northwest Oklahoma and a ten-county region including counties in Kansas and Texas. It serves a trade area of greater than 50,000 people. Agriculture, petroleum, wind energy, and manufacturing all contribute to Woodward's economy.

 

Elk City is a city in Beckham County, Oklahoma, United States. The population was 11,693 at the 2010 census, and the population was estimated at 12,606 in 2013. Elk City is located on Interstate 40 and Historic U.S. Route 66 in western Oklahoma, approximately 110 miles (180 km) west of Oklahoma City and 150 miles (240 km) east of Amarillo, Texas.Today, Elk City is the principal center of trade for Western Oklahoma and much of the Texas Panhandle, with a 60-mile (97 km) trade radius that serves more than 50,000 people. Petroleum, agriculture, wind energy, transportation, tourism, manufacturing, and healthcare all contribute to Elk City's economy.

 

Okmulgee is a city in Okmulgee County, Oklahoma, United States. The population at the 2010 census was 12,321 a loss of 5.4 percent since the 2000 census figure of 13,022. It has been the capital of the Muscogee (Creek) Nation since the United States Civil War. The name is from the Creek word oki mulgee which means ""boiling waters"" in English. Other translations put it as ""babbling brook"" or 'Effluvium'.[] The site was chosen because of the nearby rivers and springs. Okmulgee is 38 miles south of Tulsa and 13 miles north of Henryetta via US-75.Agriculture and coal mining originally supported the local economy. Cotton, corn, feed grains, and forage were the main crops. Truck farming, dairying, and poultry raising were also important.

 

Guymon is a city in and the county seat of Texas County, Oklahoma. As of the 2010 census, the city population was 11,442. The 2012 census estimate grew to 11,930. Cattle feedlots, corporate pork farms, and natural gas dominate its economy, with wind energy production and transmission recently diversifying land owners farms.Guymon serves as a trade center for a wide wheat, livestock, and dairy area. A United States soil conservation station sits nearby. The city has oil and gas wells. Manufacturers include agricultural tillage tools, pressure tanks, printing, and formula feeds. The hamlet of Goodwell, Oklahoma, home of Oklahoma Panhandle State University, lies 11 miles (18 km) to the southwest. The city once had scheduled air service.

 

Weather is a city in Custer County, Oklahoma, United States. The population was 10,833 at the 2010 census.Weather is the home of a Kodak manufacturing plant as well as a hub for multiple oil and natural gas industry leaders.

 

Choctaw is the oldest chartered town in Oklahoma. Choctaw physically became a community in 1890, but was not given actual status as a town until 1893 when a territorial governor was appointed for Oklahoma. It officially celebrated its 100th anniversary in 1993. In 1950, Choctaw was in an agricultural area. It had a population of 355 in that year. However, despite its name, the town has no historical, cultural or government ties to the Choctaw Nation of Oklahoma. The tribal headquarters and casino are located in the southeast part of the state in Durant, Oklahoma, and the Choctaw Capitol Building and annual Labor Day Festival are in Tuskahoma, Oklahoma.Before Choctaw was chartered, the area included a part of William McClure's 7C Ranch and was known for a trading post and a camping spot near a spring.A community emerged on the east 80 acres (320,000 m2) of land John S. Muzzy claimed in the 1889 land run and received a postal designation in early 1890.The town incorporated in April 1904. When Oklahoma became a state in 1907, the town had 230 residents, four churches, a school, a bank, a newspaper and telephone service. By 1909, the town had three gins. The population grew very little during the Great Depression.

 

Glenpool is a city in Tulsa County, Oklahoma, United States. It is part of the Tulsa Metropolitan Statistical Area (TMSA). As of 2010, the population was 10,808. This was an increase of 33.1% since the 2000 census, which reported total population as 8,123.Glenpool is notable because the discovery of oil here in 1905 caused an economic boom that propelled the growth of Tulsa and its environs. Although the Glenn Pool field, for which the city was named, still produces a small amount of oil, the city now is primarily a bedroom community for Tulsa.

 

Guthrie (Pawnee: Ruhkarihraapi, Ruhk�rihaapi) is a city and county seat of Logan County, Oklahoma, United States, and a part of the Oklahoma City Metroplex. The population was 10,191 at the 2010 census, a 2.7 percent increase from the 9,925 at the 2000 census.Guthrie was the territorial and first state capital of Oklahoma. The city is nationally significant because of its collection of late 19th and early 20th century commercial architecture. The Guthrie Historic District is designated a National Historic Landmark.Victorian architecture in the city provides a backdrop for Wild West and territorial-style entertainment, carriage tours, replica trolley cars, specialty shops, and art galleries.

 

Warr Acres is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area. It was established after World War II by C.B. Warr, a dynamic businessman, builder, and commercial developer. The population was 10,043 at the 2010 census.The city lies in the Putnam City School District and also Oklahoma City Public Schools.

 

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Oklahoma

 

The American Trucking Organization
specifies that there are about
200,000 truck drivers with truck
companies and
276,000 private companies trucking
firms licensed to
operate in the United States that transported,
according to their latest data of millions
products, supplies and
basic materials .
There are several common
providers either going solo or in
groups on our nation
highways transporting these
important products to our
stores, manufacturing facilities and shipping ports.

Furthermore truck factoring
corporations benefit
many of them and offer their
factoring facilities
nationwidecomprising
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

 

Cotton, formerly the leading cash crop of Oklahoma, has been succeeded by wheat; income from livestock, however, exceeds that from crops. Many minerals are found in Oklahoma, including coal, but the one that gave the state its wealth is oil. After the first well was drilled in 1888, the petroleum industry grew enormously, until Oklahoma City and Tulsa were among the great natural gas and petroleum centers of the world. Oil and gas have declined somewhat in importance today. Many of Oklahoma's factories process local foods and minerals, but its chief manufactures include nonelectrical machinery and fabricated metal products. Military bases and other government facilities are also important.

 

 

 

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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

 

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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.

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

 

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

 

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

 

 

"

Chavez Truck & Haul have been operating their business since the mid 1980s. For more than twenty years they've been delivering goods for most major industries in the nation, with business booming as they traversed the country, in all kinds of weather, for all kinds of clients. During the boom times from 2002 to 2007 Chavez 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. Times were great for everyone, and the cash was flowing.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 Chavez 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, Lester Fisher, CEO of Chavez felt a chill go down his spine whenever he would look at the weekly A/R reports. The number of clients who were late in their payments was continuing to grow.He had already been to the administrators to ask what the actual problem was. Were they doing something wrong or different when it came to reaching out to delinquent accounts? By his bookkeepers records, this wasn't the case. Perhaps he was losing his customers to his competitor, who seemed to offer very low prices with no guarantee of quality or performance, and these clients who were in debt to his company had possibly disappeared leaving him stranded. They could not afford to pay him their debt, but they could afford a lesser service, maybe. 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!.To Lester Fisher the situation looked desperate. Lester was very concerned, because there were constant overheads, goods to ship, employees to pay, and trucks which needed to be maintained, but there just wasn't the money coming back into the business. In the evenings he would discuss his concerns with his wife, Kristen, and still find no relief from the worry and frustration.

 

""I have a bad feeling, Lin,"" he would say with deep woe.""What could you do differently?"" she would ask.Lester 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 traveling, bringing goods to all of his clients. But then a haze would cover his trucks and his vast fleet would vanish to leave just a few. Why couldn�t he work out how to resolve this financial problem with his business?""I know what it is,"" Lester 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."" Kristen would look at her husband lovingly, and holding his hand would say 'it is such a harsh economy these days and our clients must be having difficulty meeting their responsibilities'.""Kristen was trying so hard to support her husband in these worrying times, while Lester was weighed down with the worry of how he was going to handle this situation he found himself in.The following day Lester walked into his office with a spring in his step, determined to call each and every client who owed money to Chavez Truck & Haul. This wasn't really a very efficient way for a Chief Executive to spend his day, and Lester knew he should be overseeing all the other sides of the business, such as shipments and deliveries, approaching prospective customers, or working with his sales team. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. A waste of time - a waste of money - he had the best intentions, but all the while Lester 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 Rosemaryerley knocked at his door.

 

""Can I have a word with you Lester?"" she queried, standing in the doorway.

 

""Sure thing Rosemary, come on in."" Lester leaned back in his chair and looked expectantly at Rosemaryerely.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Lester."" She pulled a small stack of papers from a folder and set them on the desk before him.""Have you ever heard the word factoring?"" Rosemaryerley asked.""It does sound vaguely familiar. What is factoring""? he asked.""Well,"" she began, ""It�s actually quite simple really.

 

So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Lester interrupted ""Immediately?"".""Yes, immediately,"" she continued, ""it is actually very simple. We start by having a professional account manager review our figures and help us set up a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. Additionally, the factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It�s a broad view.""I see,� Lester said. �And then what?""Following the completion of their review and once we have been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.

 

The company will advise us the cost to purchase factoring for our company's accounts receivable. We come to an agreement and the funding starts pouring out.�Lester was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""I do not know, Rosemary - it just sounds too good to be true"", Lester 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. And they're flexible Lester,"" she underlined a paragraph on the paper before him.""Just how flexible?"" asked Lester.""They personalize the factoring rates so that the amount they are willing to take on is commensurate with our needs and our client�s debt. 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 Lester.He took a deep breath and looked at his secretary with something she recognized as hope.""Exactly�. I think this might just be a way out of the trouble we are in with these folks who owe us money.""Lester took a moment to think about this solution, and agreed with his secretary. The clients who owed them money were long standing friends and professional resources of Chavez. Lester wasn't prepared to lose these relationships just because they were having financial issues at the moment. Lester knew only too well that the whole economy was floundering, and that it was not going to change overnight. That unknown amount of time could create a disaster situation for both of them if he wasn't careful in how these debtors were handled. He did not want to lose business but he also did not want to lose any more money.""Well, let me think about this tonight Rosemary, thank you."" Rosemary stood up and left Lester's office, with the nice feeling of knowing that she may just have solved a very serious problem.Lester sat behind his desk and looked over the details Rosemary had not mentioned in their meeting. What other issues could freight factoring help Chavez 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, Chavez 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 Vincent about this,"" muttered Lester to himself.His son-in-law Vincent had liked the idea of Chavez 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. Lester knew then what struggles Vincent would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Chavez was hurting, a little guy like Vincent was about to catch his death. But, maybe the answer for both of them was in freight factoring, and Lester was going to find out very soon.A few short months later, after completing the application process, having the legal experts review his credit history, accounts receivable, and statements, finally Lester 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 took that time and refocused effort to offering competitive prices in new territories. Lester recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. Had he missed the boat on this one, he probably wouldn't be in business today.

 

"

 

 

 

More Trucking Factoring Companies Story Articles

Factoring in the Future of a Trucking Business: A Story The phone was ringing on his desk, and Lee Freeman just sat there letting it ring. He let his morning coffee cool and left his cigarette to ash itself in the tray, because he is trying to make the biggest decision ever for his trucking company. Freeman 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.

 

Lee�s father had started as an owner-operator and had grown Freeman 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 Lee'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 Lee's hands and he needed to ensure that this business would be left in great shape for his sons.

 

To move Freeman Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. His employees needed to be paid. They had families and household bills too. 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, Freeman 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. Lee allowed himself a good hard chuckle. He remembered when his father was totally against installing GPS units in the cabs. He would say, �Why do you need the voice of some woman to tell you to get off at an exit that has been the same exit that has been there for years?� Also his father had the habit of teasing all the drivers he caught switching into automatic even though driving in automatic was much more efficient though not manly in his father�s eyes. His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.

 

Lee knew he was right in his forward thinking. How would he take Freeman Trucking to the next level? 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.

 

He wondered about factoring - was this the answer for him? There was a lot he didn�t understand about the process. It sounded a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. 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.

 

Now it was time for Lee to do his homework. Lee had heard that there were companies that charged for same day money transfers and would only advance a percentage of the money owed to your company while holding the rest in a private account if they didn�t get their bill payment within 60 or so days. Plus it was worse still if the customer didn�t pay up at all because then the 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. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He didn�t mind signing an exclusive contract. In fact, he was quite pleased with the idea of a long-term contract because he knew this was a one-off and he would not have to keep going back and forth to different companies. 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. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It sounded like a great scheme to him.

 

For Lee it was quite a relief to be dealing with the factoring company. They were more personable than those loan managers at the bank. 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. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Lee because he and his father had created a very strong and loyal list of clientele over the years. So he knew they would understand when the factoring company contacted them for the invoices. His clients would not have any problems, nor would they think poorly of Freeman 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, Lee 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 Freeman Trucking Company and who knows, move into Canada, which had always been his dream. He was a happy man again knowing that he had just made a decision which would guarantee the success of his business and his sons would not be inheriting a financial mess.

 

 

 

 

 

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Account Receivable Collection Process

 

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Trucking Factoring  Articles

"

�So, this is not a loan?� Johnny Hunter asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Johnny smiled at him, shaking her head.�No, not exactly,� she stated.Johnny 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 Nelson. He named his business Campbell Trucking, named after Allan and Gary, his two grandfathers. Both of these men had been very hardworking and had set a great example for Nelson.Six months ago disaster struck Nelson's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. Johnny 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.

 

Waiting a month or longer for bills to be paid was quite normal. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Johnny 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. Her name was Daisy and she worked for a factoring company. He had accidentally come across her company one night when he was working late, searching the internet to see if there was some solution to his financial dilemma.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.Johnny agreed. It sounded perfect - perhaps too good?.Daisy 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.�Daisy nodded. �We get that a lot. Listen, I�d hate to see you lose your company. We know how hard you work, and that you've invested everything in your business. Sometimes you need help. That�s what we�re here for.""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,� Daisy said with a smile. �Let�s see what we can do to help you.�And with that they set about making a profile.

 

Johnny completed the form, with Daisy offering advice as needed.

 

The profile filled Daisy and her company in on Nelson�s company, and would help them determine if he was 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 Johnny filled out his form, Daisy was pretty sure he was a perfect candidate for factoring.When the form was done Daisy took it and slid it into her briefcase. She then stood, reached across the desk and shook Nelson�s hand. He stood before they shook as well, and then smiled. They said their goodbyes and Johnny 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 Daisy and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.The long nights, where he couldn�t sleep. The sudden panic attacks, not matter where he was. He could feel it all fading away. He 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 there, he was on the right path, and he was working to make things right.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 really successful. Offering home cooking in his own hometown, his business had really prospered.But he had gotten bored. He wasn't passionate about the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took half a year off, and in that time he thought to start Campbell Trucking. So he did it. Once again he built a company from the ground up. The business had been an instant success.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. 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. The idea of cutting his losses, shutting down, laying off his workers, it actually made him sick some nights. He did not want to quit - both for himself and for his staff members.And now, because of factoring, he was sure he wouldn�t have to. Nelson's eyes opened, he sat forward in his chair and turned on his computer. He had things 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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More Trucking Factoring Company Story Articles

The key reasons why Trucking Agencies Use Factoring Companies.

 

As the operator of your own business, you may perhaps be much more than aware already of the difficulty in making sure that cash flow concerns do not become a problem down the line. After all, the toughest thing that can quite possibly come about for your enterprise is to find yourself involved in a long and perplexing situation that leaves you forever looking for the resources you require on an recurring basis.

 

For any type of business in this case, the complication can come for waiting for work to lapse and actually be paid out into your statement. Bill of sales, checks, and the like could take some time to actually to beprocessed which can leave you with temporary capital troubles. The good news is, there are alternatives out there for firms to explore-- and one of these is factoring providers.

 

Factoring firms will, in substitution for your accounts, grant you with the cash money asap so you do not need to worry about the waiting time span that could make paying the expenses and obtaining toolsmore troublesome. With this type of arrangement, invoice factoring can become remarkably beneficial for many firms who have to get out of a money pitfall which they have found themselves in.

 

Since, basing on the volume of the project, it can take up to 60 days for several companies to get paid out then it is essential to take care of your own back and certainly not leave yourself resources short to settle the bills. After all, how many business enterprises possess two months income just lying there to address all their expenditures till they make money?

 

This is primarily true of trucking enterprises. They tend to manage lots of accounts which means a notable amount of collection time entails business owner themselves. Trying to get paid out promptly can develop into an unbelievable hassle and this is the key reasons why you work with trucking factoring providers who are thrilled to help out truckers mainly.

 

As all of us recognize, trucking is an exceptionally large market with many organizations out there working with hundreds of drivers. Unfortunately, numerous of these drivers land up in finances issues because they are still waiting for work from six weeks back to actually pay them. When this is the scenario for a trucking business, resorting to factoring agencies for support could be the most recommended choice left.

 

This implies that a trucking company can compensate the paychecks of the crew, keep all the cars refilled with gas and continue to scale, rise and expand without constantly waiting for the funds which is taking too lengthy to come in. Trucking Enterprises working without a factoring program applied are leaving themselves at considerable threat, as competitions cash out fast and go on to broaden.

 

There's honestly very little to be troubled about when it comes to making use of a Factoring agency-- they commonly are not like a banking company or a person who is going to leave you with a huge mound of financial debt to pay back. You give them authentic invoices from output you have already completed , you are only just speeding the payment process.

 

In the United States, where truck agencies develop, factoring companies are not considered borrowing in any capacity. This confidential contract then allows both groups to profit and experience a comfortable future-- it provides the factoring provider a secured resource of revenue to put into the list and it supplies the trucking firm the required cash that they sweated to earn.

 

The trucking enterprise provides their accounts to the factoring firm. The trucking factoring agency then receive the payment amounts from the trucking company's clients. Factoring has been all around for hundreds of years and has been employed for long times by numerous varying business-- but none more so than truckers. While you may lose out on a small part of the money, something like 1-3 % depending upon who you deal with, it means that you are receiving the resources today and can actually start setting the cash to perform.

 

Anyway, an IOU or an invoice is absolutely not going to pay for expenses, is it? For trucking agencies when the hard earned cash can be very good one day and gone the next, it is up to the vehicle drivers to work prudently and to guarantee they are leaving themselves with a notable measure of time and money to get through the week until they are paid for again.

 

So the next instance your trucking establishment is bearing some momentary cash flow concerns and you are devoting excessive time chasing sluggish paying clients, why not start off thinking of utilizing a factoring businesses as a means to get your cash and give yourself a more at ease future in the eyes of your trucking personnel and your bank dividend?

 

 

 

 

 

 

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

 

4.Interest is Paid Up Front. With a bank loan interest continues to build, and this has to be paid the whole time you have a business loan; however with a Trucking Factoring company there is no interest - they take it right off the top by deducting it from the total amount of receivable accounts. So you do not have to worry about monthly loan repayments, and you do not have to worry about the amount of interest payable, because all the money in the account is yours to spend.

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The main benefit is that once you've sold your accounts receivable to the Trucking Factoring company, you are free from having to collect money owed by your customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very efficient at debt collecting, and this frees up your valuable time to devote to running your company.

 

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

 

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