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Great New Discovery Kills Cash Flow Problems Quick! - Our Freight Factoring Companies Can Provide
Your Truck Company The Money Your Company Needs

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Factoring invoices is beneficial for several reasons. It enables a truck company to raise money without obtaining new debt. While debt is often essential, the majority of freight brokerage would choose to raise cash without obtaining cash. Debt is high-risk, and when it can not be paid back, possessions can be repossessed. If the debt is huge enough, it may even require a truck businesses out of business.

 

 

 

 

 

 

 

They Grinned When the Banker Spoke to Me in French - Select A Truck�Factoring Company  Instead Of A Traditional Bank Funding

How to Increase Cash Flow Without Borrowing -Cash Money flow is among the main reasons businesses fail.

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

Money flow does not have to be a problem any ever more. Do not be deceived -- banks are not the only locations you can get funding. Other solutions are offered and you do not have to borrow. Exactly what is trucking factoring ? One solution is called truck factoring. Trucking Factoring is the process of selling invoices to an investor rather than waiting to collect the cash from the customer. Oh, the Irony- Trucking factoring has an ironic distinction: It is the monetary backbone of many of America's most effective businesses. Why is this ironic ? Since staffing factoring is not instructed in business colleges, is rarely mentioned in company strategies and is relatively unidentified to the majority of most of American company people.

Yet it is a monetary procedure that releases up billions of dollars every year, allowing thousands of companies to grow and succeed. Factoring has actually been around for countless years. Commercial Factoring Businesses are investors 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 actually agreed pay in the near future. Factoring Principals--Although factoring deals exclusively with business-to-business transactions, a big percentage of the retail company uses a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail deals. Using the purest definition of the word, these large consumer finance companies are truly just big Receivable Loan Funding Companies of customer paper. Consider it: You make a purchase at Sears and charge it to your MasterCard. The shop makes money almost immediately, although you do not make payment until you are prepared.

For this service, the charge card company charges XYZ Store a fee (typical common normal fees range from 2 to four percent of the sale). The Benefits Factoring can provide numerous benefits to cash-hungry companies. Rather than wait 30, 60, 90 days or longer for payment on an item that has already been delivered, a company can factor (sell) its receivables for cash at a small discount off the amount of the invoice. Payroll, advertising efforts, and working capital are just a few of the company needs that can be satisfied with instant  cash.

Invoice Factoring provides the ways for a producer to renew stock and make even more items to sell: There is no longer a need to await for earlier sales to be paid. Receivable Loan Financing is not simply a money management tool for producers: Almost any type company can benefit from Receivable Loan Funding. Typically, a company that extends credit will have 10 to 20 percent of its yearly sales tied up in invoices at any given time. Think for a moment about exactly how much is bound in 60 days' worth of invoices: You can not pay the power expense or this week s payroll with a client s invoice, however you can offer that invoice for the money to meet those obligations. Using trucking factoring companies is a fast and simple process. The factor buys the invoice at a price cut, typically a few percentage points less than the stated 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 U.s. Truck Association
states that there around
205,000 employees with transportation
companies and
276,000 personal companies trucking
companies accredited to
operate in the States that transported,
according to their newest data of millions
products, materials and
basic products .
There are numerous typical
carriers either going solo or in
teams on our nation
highways transferring these
vital items to our
stores, factories and harbors.

Also truck factoring
firms aid
several of them and offer their
accounts receivablesfinancing 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

 

"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 Armstrong Truck & Haul have been successfully running their freight business. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the heady times from 2002 to 2007, Armstrong was a top rated accounts receivable mastermind of the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. Times were great for everyone, and the cash was flowing.But a short year later, in the fall of 2008, when the United States economy took a nosedive and businesses both small and large began to feel the pinch on their pocketbooks, those that used to make their demands had suddenly and largely gone silent. Business slowed down. And worse yet, Armstrong had noticed during the early part of 2008 that though the bulk of their clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. Spring changed to summer, summer changed to fall, and the CEO of Armstrong, Glen Frazier, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The number of clients who were late in their payments was continuing to grow.He had gone to his administrators and asked them what the problem had been. Were they doing things different, or wrong, when it came to collecting overdue accounts? By his bookkeepers records, this wasn't the case. He thought perhaps that he was losing clients to a competitor who offered rock-bottom prices with little to no guarantee of quality performance, and that the folks who owed Armstrong money had jumped ship and decided to leave him holding the bag.

 

. 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. They had just gone home.To Glen Frazier the situation looked desperate. There were goods to ship, employees to pay, trucks to repair and maintain, and continuous overheads that were very extensive when compared to the funds (or lack of) that were incoming. After work he would confide in his wife, Melanie, and neither were unable to stop the constant worry over the lack of funds.""Lin, I have a really bad feeling,"" he'd sadly say to his wife.""What could you do differently?"" she would say.Glen 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,"" said Glen. ""I've relied too long on the profits I receive from invoices alone. 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.

 

""Glen knew very well that Melanie was only trying to help, but his responsibilities weighed heavily on his shoulders and he knew he had better do something soon to resolve this situation.The next day Glen strolled into his office and was determined to sit down and make every phone call to every client who had owed Armstrong money. Now, it wasn't the most efficient way to spend a day as a chief executive, what he really needed to be doing was to be overseeing all of the other intricacies of shipment and delivery and reaching out to prospective clients or retraining his sales team to do the same. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. A waste of time - a waste of money - he had the best intentions, but all the while Glen 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 Beckyerley knocked at his door.

 

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

 

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

 

Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Glen interrupted ""Immediately?"".""Immediately, yes"" she added, ""In a nutshell, it is pretty easy. We can have an expert account manager review our numbers and help us complete 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.""Glen replied cautiously ""I see - and what happens then?""Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. There�s a lot of flexibility depending on the business volume and credit histories. This company tells us what the cost will be to purchase factoring for our accounts receivable. Once we arrive at a mutual agreement, the funding begins.�Glen leaned forward and reviewed the paperwork closely.""I do not know, Becky - it just sounds too good to be true"", Glen 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, Glen,"" she drew a circle around a paragraph on the document before him.""How flexible?"" asked Glen.""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. It only takes 2 to 4 days for this to be figured out. ""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. 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,"" Glen said.Glen 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.""Glen 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 Armstrong. They did not want to throw away these relationships because they were having trouble paying their bills now. He was well aware that the economy was in a bad way and that it might be quite a while before things started picking up. 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.""Let me go over this tonight Becky, and thankyou."" Becky stood up and left Glen's office, with the nice feeling of knowing that she may just have solved a very serious problem.Glen sat behind his desk and looked over the details Becky had not mentioned in their meeting. What other issues could freight factoring help Armstrong 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. In fact, Armstrong could receive up to fifty-percent cash advances upon load pick-ups. Glen 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.""Well, I'll have to tell Gilbert about this,"" muttered Glen to himself.Glen's son-in-law, Gilbert, loved the idea behind Armstrong and highly respected his father-in-law for having such great business sense, that two years ago he got his capital together and started his own transportation company. Glen knew then what struggles Gilbert would face but he encouraged him nonetheless. With the economy the way it was, if an established company such as Armstrong was struggling then the little guys, like Gilbert, were going to be in even more trouble. But, maybe the answer for both of them was in freight factoring, and Glen was going to find out very soon.A few months later after going through the entire application process and having the experts review his accounts receivable, credit history and statements, Glen found himself beginning to dig his way out of the hole his delinquent account holders had created for him.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They took that time and refocused effort to offering competitive prices in new territories. Glen looked back on the dismal months of life before freight factoring and almost shuddered at the thought. He probably wouldn't be in business today had he not learned just in time about freight factoring.

 

"

 

 

 

More Trucking Factoring Companies Story Articles

Factoring in the Future of a Trucking Business: A Story Jerome Payne let the phone ring on his desk. He let his morning coffee cool and left his cigarette to ash itself in the tray, because he is trying to make the biggest decision ever for his trucking company. Payne 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 Jerome's father had started this business working as an owner-operator and eventually growing Payne 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 Jerome'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 Jerome's hands and he needed to ensure that this business would be left in great shape for his sons.

 

To move Payne Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. 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. Every time he had to turn down a request, Payne 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. Jerome allowed himself a good hard chuckle. His father had been against placing GPS units in the cabs. He would say, �Why do you need the voice of some woman to tell you to get off at an exit that has been the same exit that has been there for years?� Also his father had the habit of teasing all the drivers he caught switching into automatic even though driving in automatic was much more efficient though not manly in his father�s eyes. 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.

 

Jerome believed a successful man is always thinking of his next step. How would he take Payne Trucking to the next level? 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. Thankfully he'd just finished paying off the bank loan for the installation of satellite radio in the trucks.

 

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

 

Now it was time for Jerome to do his homework. Jerome 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. Worse still, if the customer defaulted on payment, the factoring company takes it out of the money supposedly coming to you! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His 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. He knew he would have to be very careful if he was to avoid any of these shady companies?

 

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. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He was quite happy to sign 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. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. Many companies offered a non-recourse factoring program that suited him just fine. He was more than happy with the figures he was offered in percentage terms on the freight bills. It sounded like a great scheme to him.

 

It was really refreshing dealing with the factoring people. They were 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 Jerome 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 wouldn�t think poorly of Payne Trucking and the factoring companies appeared capable of handling the accounts receivable in the same polite manner that his father had used over the years.

 

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

 

 

 

 

 

Factoring Agreement

 

Funding Factor

 

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Trucking Factoring  Articles

"

�So, this is not a loan?� Lewis Wallace asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Lewis smiled at him, shaking her head.�No, not exactly,� she said.Lewis Wallace owned a small trucking company, and his business had recently fallen on difficult times. Trucking could be a profitable business, and for a little under a decade, it had been for Tim. His company was called Webb Trucking, named after both of his grandfathers, Brad and Andy. They had both been hardworking men, and had done a lot to make Lewis the same.Six months ago disaster struck Tim's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. Lewis 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. 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.Lewis 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.And that's why he found himself across the desk from this woman. Her name was Gladys and she worked for a factoring company. Lewis 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.Gladys explained. �it is really not a loan at all: we actually buy 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. That way we�re protected from a complete loss, but you�re protected from the outrageous fees you would find in a loan from the bank.Lewis agreed. It sounded good to him, almost too good.Gladys laughed. �I'm not sure that you 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.�Gladys nodded. �Yes, we get a lot of that. Listen, I�d hate to see you lose your company. We know how hard you work, and that you've invested everything in your business. We all need help sometimes. That�s 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 Gladys with a smile. �Let�s see what we can do to help you.�And right there and then they created a business profile. Lewis filled the form out, with Gladys available to help him if he needed it. The completed profile gave Gladys and her company all the information they needed on Tim's business, and with this information they would determine if this business would in fact be suitable for Factoring. Unfortunately, not all companies are. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. Listening as Lewis filled out his form, Gladys was pretty sure he was a perfect candidate for factoring.Gladys took the completed form and placed it in her briefcase. She then stood, reached across the desk and shook Tim�s hand. He also stood up, and they smiled at each other. They said their goodbyes and Lewis 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 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. Talking to Gladys though, learning about factoring, it felt like a weight had been lifted from 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. Already he could feel all the stress start to drain away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was 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. Home cooking in his hometown, and he had done very well.But he had gotten bored. His passion didn�t lie with the food industry. He thought long and hard, and then he decided to sell the restaurant. He took half a year off, and in that time he thought to start Webb Trucking. So he did it. Once again he built a company from the ground up. He had been successful.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was about to turn 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 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. Tim's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. He could be thankful later, for now, it was time to work.

 

"

 

 

 

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The reason why Trucking Companies Make use of Factoring Firms.

 

As the owner of your own establishment, you may perhaps be more than mindful already of the difficulty in making certain that cash flow matters do not become a dilemma down the line. After all, the most unfortunate thing that can potentially occur for your establishment is to find yourself involved in a long and complicated predicament that leaves you forever trying to find the cash you necessitate on an continual manner.

 

For any type of business enterprise in this scenario, the trouble can come for waiting for work to lapse and actually be paid out into your statement. Statements, checks, and the like could take some time to actually to beprocessed which may leave you with short-term available resources troubles. Gratefully, there are alternatives out there for companies to examine-- and among these is factoring firms.

 

Factoring companies will, in substitution for your statements, offer you with the money asap to ensure that you do not need to fret about the lingering time span that could make paying off the expenses and getting toolsmore challenging. With this form of arrangement, invoice factoring can become incredibly practical for lots of enterprises who have to avoid a cash trap which they have discovered themselves in.

 

Because, basing on the scale of the project, it can take up to 60 days for some business enterprises to get compensated then it is critical to cover your own back and certainly not leave yourself money short to pay the costs. After all, how many business enterprises have two months income just lying there to pay for all their bills till they earn?

 

This is specifically true of trucking firms. They often manage numbers of accounts which means a huge volume of collection time demands business owner themselves. Seeking to get paid in time can eventually become an amazing hassle and this is why you utilize trucking factoring firms who are delighted to help out truckers exclusively.

 

As most of us understand, trucking is an incredibly large industry with plenty of companies out there handling hundreds of vehicle drivers. However, quite a few of these drivers end up in money predicaments due to the fact that they are still waiting for work from six weeks in the past to actually pay them. When this is the circumstance for a truck company, choosing factoring providers for solutions could be the very best option left.

 

This indicates that a truck organization can pay out the salaries of the crew, keep all the trucks loaded with gas and continue to surmount, grow and expand without consistently waiting for the income which is taking too lengthy to come in. Trucking Enterprises operating without a factoring system applied are leaving themselves at substantial danger, as rivals cash out rapidly and continue to broaden.

 

There's honestly not a thing to be distressed about when it comes to making use of a Factoring establishment-- they are not like a banking company or any individual who is going to leave you with a big heap of financial obligation to repay. You give them authentic invoices from output you have already wrapped up , you are just hastening the repayment process.

 

In the United States, where trucking agencies do well, factoring companies are not considered taking on loan in any capacity. This private contract then makes it possible for both parties to make money and indulge in a good future-- it provides the factoring firm a secured asset of profit to add to the list and it supplies the trucking firm the needed funds that they worked hard to gain.

 

The trucking business bestows their accounts to the factoring establishment. The trucking factoring provider then take the payment amounts from the trucking company's clients. Factoring has beenaround for centuries and has been used for many years by plenty of various sectors-- but none exceeding so than truckers. While you might miss out on a small part of the money, something like 1-3 % depending upon who you collaborate with, it means that you are obtaining the resources today and can actually begin putting the money to do work.

 

Anyway, an IOU or an invoice is certainly not going to fund expenditures, is it? For trucking companies when the cash can be great one day and gone the next, it is up to the drivers to work smartly and to ensure they are leaving themselves with a substantial volume of time and finance to get through the week till they are handed over once again.

 

So the next occasion your trucking establishment is bearing some short-term capital challenges and you are shelling out a bit too much time chasing sluggish paying clients, why not start off looking into making use of a factoring companies as a means to get your money and give yourself a more convenient future in the eyes of your trucking team and your bank difference?

 

 

 

 

 

 

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Traditional Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. While these loans are handy they are not available to every business. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it is usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Once the loan is paid off, you can then apply for another loan if the need arises.

 

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. The Trucking Factoring company purchases your accounts receivable, or part of them, for a certain percentage of their value - this is normally about 80-95%. The amount of finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to sell. Once you have set up Trucking Factoring account it continues as long as you wish it too and the amount of money available to you even can grow as your business grows, giving you the ready cash you need to meet your own obligations.

 

What Are The Benefits Of A Trucking Factoring Company Versus A Traditional Bank Loan?

 

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

 

1. You will not Incur Debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. This has many benefits including the fact, that this type of financing will not affect either your business credit rating or your personal credit rating. In the event that your business fails, you would not have to be concerned about someone coming after your personal or your business assets in order to pay off a loan. 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 makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

3. Receive Your Money Faster. With a Trucking Factoring company you can actually get the money you need faster. Once the Trucking Factoring company assures itself that the customers in your accounts receivable are likely to pay their debt, the money is usually in the account within 24 hours. 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.Interest is Paid Up Front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So you do not have to worry about monthly loan repayments, and you do not have to worry about the amount of interest payable, because all the money in the account is yours to spend.

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The most important benefits is that once you sell your accounts receivable to the factory company, you do not have to take time away from running your business to collect the money owed from reluctant to pay customers. 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.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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