New York City Factoring Companies| It Works While You Sleep| at gitfex.com

Time 2021-11-09 10:06:09

Web Name: New York City Factoring Companies| It Works While You Sleep| at gitfex.com

WebSite: http://factoring-companies-az.gitfex.com

ID:226292

Keywords:

Factoring,Companies,It,New,York,City,Works,at,

Description:

keywords:
description:New York City Factoring Companies- Basically, factoring companies purchase the invoices right on the spot so you can have cash on hand immediately instead of waiting up to three months. For healthcare staffing factoring companies, they will then collect the money from the business when the invoice is read to be fully paid. It really worked out for me because I was able to get cash quickly to add new personnel and even expand my offices to include another section of the building I was renting in- New York City Factoring Companies at gitfex.com- Factoring Transportation Brokers-serving companies in New York City , New York
--> Skip to Content




New York City Factoring Companies

Guess What--There Is A Huge Difference between receivable factoring Firms

All receivable factoring businesses give you cash for your company's invoices. However, they are not all the same.


With around 300 receivable factoring businesses to pick from making one claim after another, so how do you choose the right for your business?

There are just a few receivable factoring businesses that will really go above and beyond than just cash.

With some factoring firms, your company also gets unique plans and service to help support your company's growth.

Here's how to pick the most suitable receivable factoring company for your company.

You're probably thinking, "I'm too busy for this!"

We'll give you a hand to help you make this decision a snap. And you'll understand why over 45% of our new business is from Client Referrals. Easily the highest referral rate in the factoring industry.

All the others don't come close!

Call Now at 1-888-239-9162
New to Receivables Factoring?

If you haven't heard of Receivables Factoring, it is mostly a fast way to get cash from your invoices.

Receivables Factoring is Not a Loan

When you give your customers an invoice, they usually have 30 days to pay you back. Receivables Factoring companies will give you the bulk of the cash up front, sometimes within 24 hours, and collect the payments from your customers themselves. Once the invoices are paid in full, you’ll get the balance left over, minus a small fee.


Receivables Factoring Doesn't Require Debt

Sounds simple enough – fast cash for your business – no loans, no debt.

so how do you choose the right receivable factoring company FOR YOUR New York City company?

All state they have the most affordable rates in the industry, no long-term contracts, same-day and next-day funding, no up-front fees, no monthly minimums or maximums and so on so on.

We also provide all of these benefits, except we also PROVIDE EYE-OPENING SERVICE AND PROGRAMS that other invoice factoring businesses simply don't and can't.


What's your proof? Here's our proof, over 40 percent of our new business growth comes from client referrals. It's pretty well understood that clients don't give out referrals carelessly. After all their reputation is at stake, no one wants to risk handing out a bad referral; it can make you look bad. They make referrals to help their business friends.

SEE WHY OUR CLIENTS REFER US.

Simply put, no other invoice factoring business matches our standard of superior service and products.

FINANCIALLY SOLID AS A ROCK

We have been in the invoice factoring business since 1979, are independently held, and have a powerful track record of being FINANCIALLY SOLID AS A ROCK. We have survived many of the economy's ups and downs and in doing so, can help you get through any challenging circumstances you might encounter. We won't turn the lights off when the times get challenging, like some other invoice factoring companies sadly have before.

ACCESS INTO A KING-SIZE NETWORK

Every factoring company has criteria for size, industry, and risk. It's not practical for you to pick which invoice factoring business is the right fit for you. By reaching out to us, we'll answer any burning questions you may have and help you locate the best fit for your company - whether it's with us or another invoice factoring company.

We have an enviable network of invoice factoring industry colleagues, these close relationships were built over 20+ years in the business. So, when you take some time to tell us about your needs, you'll quickly learn that we can help you find just what you need.

No Minimum

Practically all invoice factoring businesses let you select and choose your customers to factor. However a handful of them usually require a minimum dollar amount before they'll work with you. With us you have the freedom to pick and choose which customers you want to factor on an invoice by invoice basis with no minimum.

Our invoice factoring agreement is like carrying a credit card in your pocket. You have it to use when you need it but don’t sign an agreement that will make you use invoice factoring when you don't need it.

NO HIDDEN FEES

Practically all invoice factoring businesses fees are hidden. You better take out your magnifying glass to go over the fine print to spot those fees. You can be sure, We will not treat you this way.  We are flat out transparent about our fees. When you apply, you are given an easy to understand, no obligation rate proposal with the fee for your company. Good luck finding another factoring company, if any, that will be flat out transparent with their fees before they try and get your business.

HIGHER ADVANCE RATES

An "advance" rate is the percent of the invoice face value that you’ll receive upfront. Invoice Factoring industry averages for advance rates range from 70-90% of the face value of the invoice. For example, if your customer owes you $1,000, you should expect to receive an advance payment of $700 to $900 to your account. Our current advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.

PERSONALIZED

A few invoice factoring businesses are funded by Wall Sreet venture capitalists. We are a privately held company and don't answer to investors and boards. Much like you, we are like-minded business people and we have cleared many of the hurdles that a business encounters. We take the time to hear your story, go over your concerns. Based on that information we will put together a personalized solution for you. Practically all invoice factoring businesses notably the Silicon Valley ones almost completely depend on an algorithm to establish your company's funding program. Do you want to rely on an algorithm as a cash flow partner to fund your business?

Dedicated Account Administrators

Practically all invoice factoring businesses have either a lot of employee turnover, a complex voice mail system that you get lost in or operate call centers where you talk with a new representative every time you call in. With us, you are set up with a dedicated account administrator to be your point of contact – who knows your business inside out, and can help you in ways the others just can't or won't.

Look After Your
Client Relationships

Don't ignore the fact that the invoice factoring business will be interacting with your customers on your behalf. Our level of service, stability and longevity, and the caliber of our employees is second to none. We have been in business since 1979 and have veteran staff who who have witnessed it all. Choose us not only for your well-being but for the well-being of your relationship with your customer too. Not only will you benefit from our extraordinary service and real-world know-how, but so will your customers.

Our Business
is Your Business

Together, we create a credit risk tolerance guideline to limit your customer write-offs. Further more we track each invoice and follow them like your own credit and collections department would. Once they hit the due date we place friendly reminder calls and/or emails on your behalf and keep notes as to when it is scheduled to be paid, and send copies if needed until payment is made.

Payment Trend Alerts

Our business credit monitoring systems allow us to see developing negative trends so that we can protect you from risky transactions. You have quick access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection issues in order to get them fixed right away.

MOST RECENT CUSTOMER CREDIT HISTORY

You get quick direct online access to your customer’s business credit reports, or you can call and speak with your account administrator – you choose. Be on the lookout for negative payment trends. This is critical to prevent unnecessary write-offs.

LEADING EDGE TECHNOLOGY

We make sure to incorporate first-rate technology to efficiently run the funding process, such as electronic submission of invoices, online reports, online credit checking and other emerging methods to streamline the process and reduce overhead, which means better rates for you. Practically all other companies are not even remotely close.

FINANCIALLY SOLID AS A ROCK

We have been in the invoice factoring business since 1979, are independently held, and have a powerful track record of being FINANCIALLY SOLID AS A ROCK. We have survived many of the economy's ups and downs and in doing so, can help you get through any challenging circumstances you might encounter. We won't turn the lights off when the times get challenging, like some other invoice factoring companies sadly have before.

ACCESS INTO A KING-SIZE NETWORK

Every factoring company has a preference for size, industry, and risk. It’s impossible for you to know which company is the best fit for you. By contacting us, we can save you a tremendous amount of time by helping you find the best match for your business - whether it’s with us or another company.

We have a vast network of industry colleagues that we’ve built over 20+ years in the business. So, when you take the time to explain your needs to us, we can be the “one stop shop” to help you find exactly what you’re looking for.

No Minimum

Practically all invoice factoring businesses let you select and choose your customers to factor. However a handful of them usually require a minimum dollar amount before they'll work with you. With us you have the freedom to pick and choose which customers you want to factor on an invoice by invoice basis with no minimum.

Our invoice factoring agreement is like carrying a credit card in your pocket. You have it to use when you need it but don’t sign an agreement that will make you use invoice factoring when you don't need it.

No Hidden Fees

Practically all invoice factoring businesses fees are hidden. You better take out your magnifying glass to go over the fine print to spot those fees. You can be sure, We will not treat you this way.  We are flat out transparent about our fees. When you apply, you are given an easy to understand, no obligation rate proposal with the fee for your company. Good luck finding another factoring company, if any, that will be flat out transparent with their fees before they try and get your business.

Higher Advance Rates

An "advance" rate is the percent of the invoice face value that you’ll receive upfront. Invoice Factoring industry averages for advance rates range from 70-90% of the face value of the invoice. For example, if your customer owes you $1,000, you should expect to receive an advance payment of $700 to $900 to your account. Our current advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.

Personalized Solutions

A few invoice factoring businesses are funded by Wall Sreet venture capitalists. We are a privately held company and don't answer to investors and boards. Much like you, we are like-minded business people and we have cleared many of the hurdles that a business encounters. We take the time to hear your story, go over your concerns. Based on that information we will put together a personalized solution for you. Practically all invoice factoring businesses notably the Silicon Valley ones almost completely depend on an algorithm to establish your company's funding program. Do you want to rely on an algorithm as a cash flow partner to fund your business?

Dedicated Account Administrators

Practically all invoice factoring businesses have either a lot of employee turnover, a complex voice mail system that you get lost in or operate call centers where you talk with a new representative every time you call in. With us, you are set up with a dedicated account administrator to be your point of contact – who knows your business inside out, and can help you in ways the others just can't or won't.

Industry Veterans

Don't ignore the fact that the invoice factoring business will be interacting with your customers on your behalf. Our level of service, stability and longevity, and the caliber of our employees is second to none. We have been in business since 1979 and have veteran staff who who have witnessed it all. Choose us not only for your well-being but for the well-being of your relationship with your customer too. Not only will you benefit from our extraordinary service and real-world know-how, but so will your customers.

Our Business is Your Business

Together, we create a credit risk tolerance guideline to limit your customer write-offs. Further more we track each invoice and follow them like your own credit and collections department would. Once they hit the due date we place friendly reminder calls and/or emails on your behalf and keep notes as to when it is scheduled to be paid, and send copies if needed until payment is made.

Payment Trend Alerts

Our business credit monitoring systems allow us to see developing negative trends so that we can protect you from risky transactions. You have quick access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection issues in order to get them fixed right away.

Customer
Credit History

You get quick direct online access to your customer’s business credit reports, or you can call and speak with your account administrator – you choose. Be on the lookout for negative payment trends. This is critical to prevent unnecessary write-offs.

first-rate TECHNOLOGY

We make sure to incorporate first-rate technology to efficiently run the funding process, such as electronic submission of invoices, online reports, online credit checking and other emerging methods to streamline the process and reduce overhead, which means better rates for you. Practically all other companies are not even remotely close.

As you can see, we simply have more to offer you.

Other factoring companies don't even come close.

And Not All Factoring Companies Can Say This:

About half of our new business comes through client referrals.

So, Can Your New York City Company PROFIT WITH Factoring?

Absolutely ! Companies of all sizes, from small privately-owned companies to large multi-national corporations, use factoring so they can increase their cash flow. Factoring reaches all industries, including trucking, transportation, manufacturing and distribution, textiles, oil and gas, staffing agencies and more.

Companies use the cash generated from factoring to pay for inventory, buy new equipment, add employees, expand operations—basically any expenses related to their business. Factoring allows a company to make quicker decisions and expand at a faster pace.

Unlike a bank loan, factoring has…No principle or interest to pay over timeNo debt to repayUnlimited funding potential – no capsFast funding – no waiting months like at a bankApproval is based on the strength of your clients, not your creditStartups are welcome in using funding services

SOME OF THE BENEFITS YOU Receive WITH FACTORING:

Stop worrying about cash flow issues and begin investing more time on your business. No need to make monthly payments to repay a loan. Receive money 24/7. Cut down on business expense associated with the collection process. Win the battle against slow-paying clients. Get instant credit evaluations for new customers. Have downright control over your cash flow by picking which invoices to sell and when. Enjoy bulk-purchasing discounts or early payment discounts by having extra cash. Improve your credit rating by having cash on hand to pay bills on time. You get complete and detailed reports about your accounts receivable portfolio. Provides cash for your expansion. Provides cash for your marketing. Improves your overall financial statement. Stop worrying about cash flow issues and begin investing more time on your business.. No need to make monthly payments to repay a loan. Receive money 24/7. Cut down on business expense associated with the collection process. Win the battle against slow-paying clients. Get instant credit evaluations for new customers. Have complete control over your cash flow by deciding which invoices to sell and when. Enjoy bulk-purchasing discounts or early payment discounts by having extra cash. Improve your credit rating by having cash on hand to pay bills on time. You get complete and detailed reports about your accounts receivable portfolio. Provides cash for your expansion. Provides cash for your marketing. Improves your overall financial statement.
Now you know everything you need about the factoring business. And you know why we are the best fit for your business. We give you the first-class service your business deserves. Give us a call today and let us help you get the cash you need to operate your business effectively. But hurry! Every minute you wait is a lost opportunity.

Call us today and let us help you get the cash you need to operate your New York City business effectively.

Let's Look At Which Program Will Work Best For You. 1-888-239-9162 For Trucking Companies.

Through our partnership with a leading fuel card provider, clients have access to steep industry-wide savings available on virtually everything you need to run your trucking company.
Please click here to view specific savings

Call Us Today at:
1-888-239-9162

We are the best in the invoice factoring companies industry

New York City Factoring Companies Company Articles

New York City Factoring Companies and More City Links

Watch our Receivables Factoring Company Video below to see how we work for you.

Factoring History Factoring History

Welcome to factoring. Whether you own a business, look forward to building one or are looking for new financial tools for your current employer, Factoring can help you reach your financial goals.Factoring has the ironic distinction of being the financial backbone of many of America's most successful businesess.

Why ironic? Because factoring is not taught in business colleges, seldom mentioned in business plans and is relatively unknown to the majority of American business people,yet it is a financial process that frees up billions of dollars every year, enabling thousands of businesses to grow and prosper.

Factoring is the process of purchasing commercial accounts receivable(invoices) from a businessat a discount. Business practices today dictate that in order to get business you, as a provider of goods and services, must extend terms to your customers.

These terms can squeeze the life(and cash isthe lifeblood of any business) out of a new or struggling company.

Factoring has a long and rich tradition, dating back 4,000 years to the days of Hammurabi. Hammurabi was the king of Mesopotamia, which gets credit as the "cradle of civilization." In addition to many other things, the Mesopotamians first developed writing, put structure into business code and government regulation, and came up with the concept of factoring.

After a while, Hammurabi and the Mesopotamianswent the way of extinct civilizations, but factoring endured. Almost every civilization that valued commerce has practiced some form of factoring, including the Romans who were the first to sell actual promissory note at a discount.

The first widespread, documented use of factoring occurred in the American colonies before the revolution. During this time, cotton, furs and timber were shipped from the colonies. Merchant bankers in London and other parts of Europe advanced funds to the colonists for these raw materials, before they reached the continent. This enabled the colonists to continue to harvest their new land, free from the burden of waiting to be paid by their European customers.

Recognize that these were not banking relationships as they exist today. If the colonists had been forced to use modern banking services in eighteenth century England, the process would have been much slower. The banks would have waited to collect from the European buyers of the raw materials before paying the seller of these goods, the colonists. (And at that point, who needed the bank?) This was not practical for anyone involved. So, just as today, the "factors" of colonial times made advances against the accounts receivable of clients, enabling the clients to continue with their operations, long before they had been paid for what they were sold.

With the advent of the Industrial Revolution, factoring became more focused on the issue of credit, although the basic premise remained the same. By assisting clients in determining the creditworthiness of their customers and setting credit limits, factors could actually guarantee payment for approved customers.

This is known as factoring without recourse(or non-recourse factoring)and is quite common in business today.Prior to the 1930's, factoring in this country occurred primarily in the textile and garment industries, as the industries were direct descendants of the colonial economy that used factoring so specifically. after the war years, factors saw the potential to bring factoring to other forms of invoice-based business and the expansion began.

Today, factors exist in all shapes and sizes: as divisions of large financial institutions or, inlarger numbers, as individually owned and operated entreprenurial endeavors.Many of these private factors sprung up in record numbers as interest rates rose to new heights in the 60's and 70's. This trend intensified in the 80's, primarily due to the increasing impact of interest rates and changes in the banking industry. With banks becoming too expensive and too inflexible due to heavy regulation(remember the Savings and Loan crisis?), the small businessperson was forced to find other sources of financing for expansion and growth. As more and more banks stop befriending the small bussinesperson, factoring is becoming an increasingy popular option.

This year alone thousands of businesses will sell billions of dollars in accounts receivable, and they are doing it for profit, growth, and in some cases , their very survival.
How Factoring Works The First Step:
The Client application

You begin by filling out a simple client profile, which we will provide you. Please click here for profile. This profile will cover basics such as your company's name and address, the nature of your business, and information about your customers.

You may need to supply an accounts receivable aging report, existing customers' credit limits, or other related documents. Remember the factor will attempt to determine the creditworthiness of your customers independent of their credit history with your business. We want a broader view of theiroverall credit status.

During this initial stage you will also cover basic financial arrangements with the factor. For instance, what will be the monthly volume of invoices you want to factor(i.e. how liquid do you need to be)? What will the advance rate and the discount rate be? How quickly will the factor issue the advance to you?

In most cases, the answers to these questions will vary depending on the financial strength of your customer(s) and the anticipated monthly sales volume to be factored. Variations between industries, length of time in operation, and general reputation of how risky a customer of yours may be. For instance, a long list of high-risk clients will cost you more in factoring fees than a short list of government agencies with a slow-pay history.

In the factoring business, volume is all important. The higher your volume(the dollar amount of invoices you factor), the more favorable your rates will be.

The factor will use the client profile you submit to determine if your business is suitable for factoring. This process is simply the factor analyzing the risks versus the rewards, using the information you provided.

Once approved, you can expect to negotiate terms and conditions. The negotiation process takes several aspects of the deal into consideration. For instance, if you want to factor $10,000, you can't expect as good a deal as a company that wants to factor $500,000.

During the negotiation process, you will become well aware of what it costs to factor your accounts receivable. After you reach an agreement with the factor, the funding wheels begin to roll. The factor conducts due diligence by researching your customers' credit and any liens placed against your company. The factor also confirms the legitimacy of your invoice before buying your receivables and advancing cash to you.

Why Factoring? Why Factoring is Necessary

"A sale is not a sale until you collect the money"

Are you a part-time banker for your customers??

Take a look at your accounts receivable aging schedule and count the number of accounts over 30 days.Congratulations, you are extending credit to those customers.You are not getting paid for delivering your end of the deal in a timely manner and as a result you are providing the use of your money to your customer for free.Not exactly the business you thought you were getting into, is it?

Ask yourself this question:

If those customers of yours went to a bank, borrowed the same amount of time, would they expect to pay a substantial amount of interest for the privilege? Of course they would!

And consider this:

Not only are you receiving no interest on that money, but most importantly,you are also losing the use of that money while you are waiting for your customer to pay you.What is the cost of not having thismoney available? In essence, your customers are asking you to finance their business by extending terms and allowing them to pay in 30 days (and usually longer, right?).

But what is it costing you in "missed opportunities" when your money is tied up in your accounts receivable?
Is Invoice Factoring For You? The key to knowing if factoring is for you is to not to look only at thebottom-line factoring fee, but also to consider how your company may increase it's profits through factoring.Here is additional information on factoring to help you with your decision.

How are invoice factoring fees and advance rates determined

It is based on several factors:

The creditworthiness of your clientsYour monthly billing volume Average invoice size Average days to payment

Fees can range from 2-5 % of the invoice's face value.

For example if the invoice's value is $1,000; a fee of 3% equals $30.

What is an advance?

The amount of money you receive immediately when we buy your invoice. The balance is returned to you when your customer pays the invoice.Advances range from 60-95% of the invoice's face value.

For example if the invoice's value is $1,000 an advance rate of 80% equals $800. The balance of $200 less thefactoring fee is returned to you when your customer pays the invoice.

Comparing Bank Lending Rates to Factoring?

When compared to bank lending rates, factoring initially appears to be very expensive.Here are five typical questions/concerns that are raised by potential factoring clients

Wow! 3 points per month!

That's 36 percent year! (Rates range from 1.5- 3 points)It is tempting to annualize the numbers, but that is an "apples and oranges" comparison.Banks loan money at an annualized interest rate, 12 percent per year for example. We purchase your receivables at a discount. The products are different and there are other inconsistencies to this inappropriate comparison

The bank provides the money only one time, the day that you receive the loan; we provide money continuously. As an example, consider a bank loan for $100,000 at 12 percent. You receive the $100,000 just one time and then pay $1,000 interest per month interest and you still owe the $100,000. Or the bank could provide you with a line of credit that you use only when you need the money but the bank is charging you for that privilege and if you need to increase your line you need to go through the qualifying process all over again.

When you factor $100,000 each month for a year you have the use of $1.2 million (12 x $100,000) over the year. Unlike a bank loan where you have just $100,000 one time. Assuming a 3 point discount, the fees over the year will be 12 x $3,000 or $36,000, which is still 3 percent of $1.2 million. And at the end of the year you have no debt!

I'm only making 3% profit, how can I pay you 3 points?

A company making only 3% net profit can do more business volume as a result of factoring, and the larger volume will result in a higher profit margin because fixed costs do not increase with volume. The added business at a higher marginal profit leads to an increased overall profit margin. As the volume increases, the cost of production decreases, so that profits increase. Fixed costs i.e., rent, electric, insurance, etc., increase very little or not at all with volume. An increase in business will not affect rent. Electric bills may rise slightly. Workers compensation insurance may rise slightly. These costs do not increase as do direct production costs.

Let's graphically do the math assuming you can double your salesWithout Factoring

Monthly Gross Sales-$50,000
Cost of Goods Sold-$30,000 60% of Gross Sales
Monthly Gross Profit-$20,000-40% of Gross Sales
Fixed Expenses-$10,000
Variable Expenses-$8,500-17% of Gross sales
Factoring Fee-N/A
Total Expenses-$18,500-37% of Gross Sales
Monthly Net Profit-$1,500-3% of Gross Sales

With Factoring

Monthly Gross Sales-$100,000
Cost of Goods Sold-$60,000-60% of Gross Sales
Monthly Gross Profit-$40,000-40% of Gross Sales
Fixed Expenses-$10,000
Variable Expenses-$17,000-17% of Gross Sales
Factoring Fee-$3,000-3% Fee
Total Expenses-$30,000-30% of Gross Sales
Monthly Net Profit-$10,000-10% of Gross

But I only get 80% of my money upfront!

(Advances typically range from 80%-97%)Let's assume an advance rate of 80%. Let's also assume that you begin factoring in January. You have factored $100,000, we pay you $80,000 of that money upfront, with the remaining money making up the fee (3%) of $3,000 and the reserve (17%) of $17,000.

Now in February, you once again factor $100,000 and receive $80,000. However. you also receive your January reserve of $17,000(assuming your customer pay in 30 days). So for February, you actually receive 97% of your money, instead of 80%.In the second month and going forward you are basically receiving 97% of your cash flow.

But what if my customers take longer than 30 days to pay?

You have several options, Assume your client takes 60 days to pay you bill your client in the normal fashion and simply allow 30 days to go by prior to factoring that invoice. That way you pay the 30 day fee.Another way is to factor your faster customers first for the cash you need.
Credit Risk Quick Continuous Cash Yes!

You Also Get Our Credit Risk Expertise at No Additional Fee

Accurately assessing credit risk is really the essential part of our factoring business. Few, if any, business clients can perform this function as objectively as we will.

For no additional fee, we act as your credit department for new and existing customers. This provides you with a huge advantage overin-house performance of these functions.

Consider the scenario where a salesperson has a new account with a potential for large purchases. The salesperson wants the business-so much so thathe or she may overlook red flags associated with credit difficulties. The salesperson may even walk the account through your own internal credit checking procedures, in order to side step established controls. While this may get you the sale, it won't get the money, and with no money, there is no sale.

This will not happen with us. We make credit decisionswith full knowledge of the new customer's credit situation. We will not buy the invoices of a poorly-rated customer and risk nonpayment. But don't look upon our participation as a tightening of credit to the extent that your business will be affected in a way that is beyond your control.

If you have a new customer with questionable creditworthiness, the decision to do business with that person is still yours. (However, we will reserve the right to say "I told you so!")

We may not buy those invoices, but you are still free to extend credit terms as you see fit.You remain in controlWhatever decisions are made, you can be assured that, because of the factor's participation,you will be makingdecisions and extending credit based on more complete, objective and higher quality information than you have in the past.

We will fully research new clients and, equally important,we will routinely check the credit ratings of your existing customers. This contrasts greatly with most businesses, where routine credit updates are seldom run on theestablished customer base. This is potentially a huge mistake.

When a business does opt to do a credit check, it is usually too late and the problem is already out of hand. On the other hand, we will inform you immediatelyif there is a change in the credit status of one of your existing customers.

In addition to the specific customer credit information that we provide, you will have the benefits of comprehensive, detailed reports on your accounts receivables as a whole. As a part of the process you will receive accounting, transactional details, aging reports and financial management reports that allow you to incorporate this data into your own sales tracking, account history and in-depth analysis

We have more than 70 years of successful cash flow and credit management experience we would love to put to work for you.
Switching Factoring Companies

Everything you need to know about changing factoring companies.

Looking for a new factoring company?
Unhappy with your current factor?
Thinking of leaving your factoring company?
What do I need to know if I want to change factoring companies?

Here are the answers to these questions and more:

What is a UCC and how does it apply to me wanting to change factoring companies?

It is standard industry practice for a factoring company to file a blanket Uniform Commercial Code (UCC) to secure the factor's first position security interest on the invoices funded.

The UCC is a way for factoring companies, banks and commercial lenders to keep straight who is lending on what assets. Because receivables change on daily basis as new invoices collect and old invoices are paid, factors must file what is called a 'blanket' UCC filing collateralizing all of your receivables even though you may only be factoring a portion of your sales.It's simply impossible for factors to file a new UCC for each invoice funded. The UCC is simply a flag for other lenders who chose to run a search indicating a Security Agreement exists between your company and the factoring company.

The details of your particular factoring arrangement, such as rates and which accounts are factored, are outlined in the Security Agreement itself which is not public not.A UCC is similar to a first mortgage on your business.

The Buyout Process

The lender with the oldest dated UCC filing is said to be in 'First Position' on the pledged collateral. For example, a factor has first rights to collect payments on your invoices and all the related surrounding instruments.

Factoring companies do not take a second position because the lender in first position could legally take the check right out of the hands of the second position factor at any time and have every legal right to do so. It's a similar concept to ensuring you get the pink slip when purchasing a vehicle. You wouldn't want to have someone come along one day, unannounced and take the vehicle you thought you owned and have every legal right to do so!

To change factoring companies the old factor must be paid off by the new factor. Simultaneously the old factor's lien is released and the factor's lien is filed which is similar to refinancing your home.

A 'buyout' is the practice where the new factoring company pays off the old factoring company using proceeds from your first funding. The Buyout Agreement outlines the transition process and is a three party agreement signed by the old factoring company, new factoring company and your company. In the Buyout Agreement you approve the 'buyout figure' provided by the old factoring company.

How is the Buyout Figure Calculated:

The buyout figure is generally calculated by taking the Gross Receivables Outstanding subtracting any reserves and then adding in fees due to the old factoring company. If not automatically provided, it's best to ask for a breakdown as to how your figure was calculated. This way you can be sure you understand if any early termination fees or other fees on top of your usual factoring charges have been included.

It's important to understand the buyout figure because once you authorize that amount the old factor is paid off you have released any recourse to old factor. From that point forward you are only dealing with the new factor.

If you are going from a factoring agreement with an 80% advance rate to a 90% advance rate it's possible there will be enough proceeds to payoff the old factor without your having to come up with additional invoices.

How much does the buyout cost?

If you are able to submit brand new invoices to the new factoring company which they can use to payoff the outstanding invoices at your old factor then there would be no additional cost to you to make the change. Then, as the payments come in on the old invoices outstanding from the old factor, as part of the buyout agreement, those payments are forwarded to the new factor who would turn around and forward those to you as non-factored at no cost.

That is an ideal situation however, to come up with the payoff figure most companies need to resubmit at least a portion of invoices already factored with the old factor to the new factor. If that is the case, the invoices part of the 'overlap' will incur factoring fees from both factors.

Therefore, depending on your fee structure your factoring fees the first month of the change could be higher than normal. If you'll be getting a lower rate from your new factoring company you can calculate how many months it will take you to recoup that expense and run a cost benefit analysis.

Depending on the size of the transaction, some factoring companies offer reduced fees on invoices part of a buyout. You also want to make sure you give the proper notice of intent to terminate to your old factor (if required) to avoid any early termination fees to leave their contract early (refer to the Security Agreement Section titled 'termination or early termination.'

How long does a buyout take?

When you are changing factoring companies it's best to plan on the first funding taking a two to three more days than the normal factoring application setup process. The added days will be needed at the time of invoice verification and just before funding as buyout figures are calculated and sent to you for your approval.

It's not uncommon for buyout figures to change because fees continue to accrue and invoices collect so it's sometimes necessary to get updated buyout figure at the very last minute. By aligning yourself with a factoring company familiar with the buyout process they can guide you through timing to minimize any delays in your funding as a result of the transition. This is especially critical if you have weekly payroll to meet and cannot spare a few days delay in funding.

What if my situation is not that easy?Although it is not common industry practice, it's possible the old factoring company and the new factoring company can work together via an Intercreditor or Subordination Agreement until the old factor is paid off.

Depending on the circumstances, factors have been able to 'draw a line in the sand' where the old factor has rights to invoices up to a certain date and the new factor has rights to all invoices after that date.

Questions you wish you had asked before you signed up with your current factor:

How many factoring companies can I use at one time? By the way, the universal answer is one (per the Uniform Commercial Code/UCC).

If I decide I want to change factoring companies how much notice will I need to give?

What is the penalty if I want to leave without giving the required notice and please provide an example of how the fees would be calculated. Caution: be on the look out for 12 month factoring contracts where requiring a certain factoring volume per month.

For example, a 12 month contract where you've agreed to factor $100,000 per month at a rate of 2% means you promise to pay them $2,000 per month in factoring fees or $24,000 in total factoring fees over the next year.

If you want to leave after 6 months they will charge you the fees you would owe them for the remaining 6 months in the contract which in this example equals $12,000. That is cost prohibitive for most companies especially trucking companies working on very low profit margins. You're stuck!

Even worse, the trucking industry in specific is very volatile and it's hard to know how many trucks you will have running for you over the course of the next year. Can you imagine committing to factor $100,000 per month and then having some unexpected circumstance require you to let go half of your owner operators yet you still have to pay the factor $2,000 per month regardless of how many trucks you are running?

Do you use a bank lock box to post my customer payments?

If so, how many days does it take for one of my customer's payments to post to my account from the date the bank receives my customers check? This process has been known to artificially inflate the invoice turn and therefore increase your factoring fees.

How many days do you hold my original invoices before mailing them out to my customers?

The answer should be same day. Invoices are cash and should not be left sitting around. Not to mention, this is another way to artificially inflate the invoice turn and increase the factors fees.How many different people will I work with at your company? Some factoring companies have either a lot of turnover or operate call centers where you start with a new representative every time you call in. Other factors offer dedicated account administrators to be your point of contact.

Do I need to pay for postage for you to mail my invoices?
That should be included in the factoring fees.

Do you charge me every time I have a new customer to credit check?
Do you charge me every time I setup a new customer?
Do you 'batch' my invoices and make me pay fees on all the invoices
submitted in a particular batch until the very last invoice in that batch has collected?
Do you start holding reserves once a customer hits 60 days even though I have 90 day recourse?

A little history on the Trucking Industry

The Logistics and Transportation Industry in the United StatesThe logistics and transportation industry in the United States is highly competitive. By investing in this sector, multinational firms position themselves to better facilitate the flow of goods throughout the largest consumer market in the world.. International and domestic companies in this industry benefit from a highly skilled workforce and relatively low costs and regulatory burdens.

Shipping Port

Spending in the U.S. logistics and transportation industry totaled $1.33 trillion in 2012, and represented 8.5 percent of annual gross domestic product (GDP). Analysts expect industry investment to correlate with growth in the U.S. economy.

A highly integrated supply chain network in the United States links producers and consumers through multiple transportation modes, including air and express delivery services, freight rail, maritime transport, and truck transport. To serve customers efficiently, multinational and domestic firms provide tailored logistics and transportation solutions that ensure coordinated goods movement from origin to end user through each supply chain network segment.

Industry Subsectors

Logistics services: This subsector includes inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfillment, logistics network design, inventory management, supply and demand planning, third-party logistics management, and other support services. Logistics services are involved at all levels in the planning and execution of the movement of goods.

Air and express delivery services (EDS): Firms offer expedited, time-sensitive, and end-to-end services for documents, small parcels, and high-value items. EDS firms also provide the export infrastructure for many exporters, particularly small and medium-sized businesses that cannot afford to operate their own supply chain.

Factoring For Trucking

Freight rail: High volumes of heavy cargo and products are transported long distances via the U.S. rail tracking network. Freight rail moves more than 70 percent of the coal, 58 percent of its raw metal ores, and more than 30 percent of its grain for the nation. This subsector accounted for approximately one third of all U.S. exports.

Maritime: This subsector includes carriers, seaports, terminals, and labor involved in the movement of cargo and passengers by water. Water transportation carries about 78 percent of U.S. exports by tonnage, via both foreign-flag and U.S.-flag carriers.

Trucking: Over-the-road transportation of cargo is provided by motor vehicles over short and medium distances. The American Trucking Associations reports that in 2012, trucks moved 9.4 billion tons of freight, or about 68.5 percent of all freight tonnage transported domestically. Motor carriers collected $642 billion in revenues, or about 81 percent of total revenue earned by all domestic transport modes.

Industry Associations:

American Association of Port Authorities
American Society of Transportation and Logistics
American Trucking Associations
Association of American Railroads
Council of Supply Chain Management Professionals
Express Delivery and Logistics Association
Industry Publications:

American Shipper
Journal of Commerce
Material Handling Logistics
Transport Intelligence
Transport Topics

North American Industry Classification System For Transportation

The Transportation and Warehousing sector includes industries providing transportation of passengers and cargo, warehousing and storage for goods, scenic and sightseeing transportation, and support activities related to modes of transportation. Establishments in these industries use transportation equipment or transportation related facilities as a productive asset. The type of equipment depends on the mode of transportation. The modes of transportation are air, rail, water, road, and pipeline.

The Transportation and Warehousing sector distinguishes three basic types of activities: subsectors for each mode of transportation, a subsector for warehousing and storage, and a subsector for establishments providing support activities for transportation. In addition, there are subsectors for establishments that provide passenger transportation for scenic and sightseeing purposes, postal services, and courier services.

A separate subsector for support activities is established in the sector because, first, support activities for transportation are inherently multimodal, such as freight transportation arrangement, or have multimodal aspects. Secondly, there are production process similarities among the support activity industries.

One of the support activities identified in the support activity subsector is the routine repair and maintenance of transportation equipment (e.g., aircraft at an airport, railroad rolling stock at a railroad terminal, or ships at a harbor or port facility). Such establishments do not perform complete overhauling or rebuilding of transportation equipment (i.e., periodic restoration of transportation equipment to original design specifications) or transportation equipment conversion (i.e., major modification tosystems). An establishment that primarily performs factory (or shipyard) overhauls, rebuilding, or conversions of aircraft, railroad rolling stock, or a ship is classified in Subsector 336, Transportation Equipment Manufacturing according to the type of equipment.

Many of the establishments in this sector often operate on networks, with physical facilities, labor forces, and equipment spread over an extensive geographic area.

Truck Transportation

You Can Find More Factoring Company Trucking Information at Truck Factoring Calculator
and at Freightfactoring.Co.Uk

Industries in the Truck Transportation subsector provide over-the-road transportation of cargo using motor vehicles, such as trucks and tractor trailers. The subsector is subdivided into general freight trucking and specialized freight trucking. This distinction reflects differences in equipment used, type of load carried, scheduling, terminal, and other networking services. General freight transportation establishments handle a wide variety of general commodities, generally palletized, and transported in a containeror van trailer. Specialized freight transportation is the transportation of cargo that, because of size, weight, shape, or other inherent characteristics require specialized equipment for transportation.

Each of these industry groups is further subdivided based on distance traveled. Local trucking establishments primarily carry goods within a single metropolitan area and its adjacent nonurban areas. Long distance trucking establishments carry goods between metropolitan areas.

The Specialized Freight Trucking industry group includes a separate industry for Used Household and Office Goods Moving. The household and office goods movers are separated because of the substantial network of establishments that has developed to deal with local and long-distance moving and the associated storage. In this area, the same establishment provides both local and long-distance services, while other specialized freight establishments generally limit their services to either local or long-distance hauling.

General Freight Trucking

This industry group comprises establishments primarily engaged in providing general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized, and transported in a container or van trailer. The establishments of this industry group provide a combination of the following network activities: local pickup, local sorting and terminal operations, line-haul, destination sorting and terminal operations, and local delivery.

General Freight Trucking, Local

This industry comprises establishments primarily engaged in providing local general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Local general freight trucking establishments usually provide trucking within a metropolitan area which may cross state lines. Generally the trips are same-day return.

General Freight Trucking, Long-Distance

This industry comprises establishments primarily engaged in providing long-distance general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Long-distance general freight trucking establishments usually provide trucking between metropolitan areas which may cross North American country borders. Included in this industry are establishments operating as truckload (TL) or less than truckload (LTL) carriers.

General Freight Trucking, Long-Distance, Truckload

This U.S. industry comprises establishments primarily engaged in providing long-distance general freight truckload (TL) trucking. These long-distance general freight truckload carrier establishments provide full truck movement of freight from origin to destination. The shipment of freight on a truck is characterized as a full single load not combined with other shipments.

General Freight Trucking, Long-Distance, Less Than Truckload

This U.S. industry comprises establishments primarily engaged in providing long-distance, general freight, less than truckload (LTL) trucking. LTL carriage is characterized as multiple shipments combined onto a single truck for multiple deliveries within a network. These establishments are generally characterized by the following network activities: local pickup, local sorting and terminal operations, line-haul, destination sorting and terminal operations, and local delivery.

Specialized Freight Trucking

This industry group comprises establishments primarily engaged in providing local or long-distance specialized freight trucking. The establishments of this industry are primarily engaged in the transportation of freight which, because of size, weight, shape, or other inherent characteristics, requires specialized equipment, such as flatbeds, tankers, or refrigerated trailers. This industry includes the transportation of used household, institutional, and commercial furniture and equipment.

Truck Factor

Used Household and Office Goods Moving

This industry comprises establishments primarily engaged in providing local or long-distance trucking of used household, used institutional, or used commercial furniture and equipment. Incidental packing and storage activities are often provided by these establishments. Specialized Freight (except Used Goods) Trucking, Local

Specialized Freight (except Used Goods) Trucking, Long-Distance

This industry comprises establishments primarily engaged in providing long-distance specialized trucking. These establishments provide trucking between metropolitan areas that may cross North American country borders.

You Can Find More Factoring Company Trucking Information at freightfactoring.co.uk
Freight Broker

A freight broker is an individual or company that serves as a liaison between another individual or company that needs shipping services and an authorized motor carrier. Though a freight broker plays an important role in the movement of cargo, the broker doesn't function as a shipper or a carrier.To operate as a freight broker, a business or individual must obtain a license from the Federal Motor Carrier Safety Administration (FMCSA). Freight brokers are required to carry surety bonds as well.

Freight broker services are valuable to both shippers and motor carriers. Freight brokers help shippers find reliable carriers that might otherwise be difficult to locate. They assist motor carriers in filling their trucks and earning money for transporting a wide variety of items. For their efforts, freight brokers earn commissions.

Freight brokers use their knowledge of the shipping industry and technological resources to help shippers and carriers accomplish their goals. Many companies find the services provided by freight brokers indispensable. In fact, some companies hire brokers to coordinate all of their shipping needs.

Often, freight brokers are confused with forwarders. Though a freight forwarder performs some of the same tasks as a freight broker, the two are not the same. A forwarder takes possession of the items being shipped, consolidates smaller shipments, and arranges for the transportation of the consolidated shipments. By contrast, a freight broker never takes possession of items being shipped thus in the absence of negligent entrustment, a freight broker is not normally involved as a party litigant in a cargo claimdispute, although as an accommodation, the freight broker may assist the shipper at their request and expense with filing freight claims.

Freight Factoring Company Reviews

NAICS Index Description

Transportation Factoring Definition

484110 Bulk mail truck transportation, contract, local
484110 Container trucking services, local
484110 General freight trucking, local
484110 Motor freight carrier, general, local
484110 Transfer (trucking) services, general freight, local
484110 Trucking, general freight, local
484121 Bulk mail truck transportation, contract, long-distance (TL)
484121 Container trucking services, long-distance (TL)
484121 General freight trucking, long-distance, truckload (TL)
484121 Motor freight carrier, general, long-distance, truckload (TL)
484121 Trucking, general freight, long-distance, truckload (TL)
484122 General freight trucking, long-distance, less-than-truckload (LTL)
484122 LTL (less-than-truckload) long-distance freight trucking
484122 Motor freight carrier, general, long-distance, less-than-truckload (LTL)
484122 Trucking, general freight, long-distance, less-than-truckload (LTL)
484210 Furniture moving, used
484210 Motor freight carrier, used household goods
484210 Trucking used household, office, or institutional furniture and equipment
484210 Used household and office goods moving
484210 Van lines, moving and storage services
484220 Agricultural products trucking, local
484220 Automobile carrier trucking, local
484220 Boat hauling, truck, local
484220 Bulk liquids trucking, local
484220 Coal hauling, truck, local
484220 Dry bulk trucking (except garbage collection, garbage hauling), local
484220 Dump trucking (e.g., gravel, sand, top soil)
484220 Farm products hauling, local
484220 Flatbed trucking, local
484220 Grain hauling, local
484220 Gravel hauling, local
484220 Livestock trucking, local
484220 Log hauling, local
484220 Milk hauling, local
484220 Mobile home towing services, local
484220 Refrigerated products trucking, local
484220 Rubbish hauling without collection or disposal, truck, local
484220 Sand hauling, local
484220 Tanker trucking (e.g., chemical, juice, milk, petroleum), local
484220 Top-soil hauling, local
484220 Tracked vehicle freight transportation, local
484220 Trucking, specialized freight (except used goods), local
484230 Automobile carrier trucking, long-distance

Best Factoring Companies For Truckers

484230 Boat hauling, truck, long-distance
484230 Bulk liquids trucking, long-distance
484230 Dry bulk carrier, truck, long-distance
484230 Farm products trucking, long-distance
484230 Flatbed trucking, long-distance
484230 Forest products trucking, long-distance
484230 Grain hauling, long-distance
484230 Gravel hauling, long-distance
484230 Livestock trucking, long-distance
484230 Log hauling, long-distance
484230 Mobile home towing services, long-distance
484230 Radioactive waste hauling, long-distance
484230 Recyclable material hauling, long-distance
484230 Refrigerated products trucking, long-distance

484230 Refuse hauling, long-distance
484230 Rubbish hauling without collection or disposal, truck, long-distance
484230 Sand hauling, long-distance
484230 Tanker trucking (e.g., chemical, juice, milk, petroleum), long-distance
484230 Tracked vehicle freight transportation, long-distance
484230 Trash hauling, long-distance
484230 Trucking, specialized freight (except used goods), long-distance
484230 Waste hauling, hazardous, long-distance
484230 Waste hauling, nonhazardous, long-distance

Back to More Trucking Factoring Companies Information. LEARN MORE ABOUT...Factoring Transportation Brokers

Trucking Factoring / Trucking FactoringTrucking Firms all across the nation depend on Trucking factoring to run and operate their Firms. Trucking factoring stabilizes your cash flow by giving you immediate cash for your Trucking bills upon load delivery. You don’t have to wait 30 to 60 days for your customers to pay, which enables you to handle more deliveries.

Trucking bill factoring provides a complete financing alternative to negotiating with every single Trucking broker for which you deliver goods. Trucking factoring Firms handle all your invoices, no matter how many brokers you have. This is especially important for Trucking Firms that work with a large number of Trucking brokers.

If you operate a Trucking business, and your shipping customers and Trucking brokers have good credit but are slow paying their Trucking bills then you should consider hiring one of the top Trucking factoring Firms to help you. Not only do you get cash advances, but you often receive other benefits such as fuel cards; fuel discounts; tire and maintenance discount programs, and free Trucking-matching load boards versus paying for loads on boards.

Trucking factoring ratesTruck factoring Firms offer rates as low as 1% for the largest carriers. Owner-operators and truck Firms with one to five trucks can expect to pay at least 2.5 to 3% for Trucking factoring services, depending on monthly volume and customers. Trucking factoring rates are very competitive.

Trucking advance ratesTrucking Firms enjoy the best advance rates in the factoring industry. Other types of Firms such as staffing or construction often carry advance rates of 85% or less, but Trucking cash advance rates are often 95% or more. Some Trucking factoring Firms fully-fund 100% of your Trucking bills, advancing the entire invoice amount less factoring fees.

Non-recourse factoring

Many Trucking factoring Firms offer the option of non-recourse factoring which is a credit guarantee that protects you from customer non-payment due to credit issues. Non-recourse factoring usually costs more than recourse, but it may give you the peace of mind you need to sleep at night. Recourse and non-recourse factoring pertain only to non-payments resulting from credit issues such as insolvency or bankruptcy. You’re still liable for disputed claims, non-delivered goods or incorrect billing.

How Trucking bill factoring works

Complete the delivery of goods to your customer and send your Trucking bill (or bill of lading) to your Trucking factoring business.

The Trucking factoring business purchases your Trucking bills and sends you cash for up to 100% of the invoice within 24 to 48 hours.

The Trucking factoring business collects payment from your customers and sends you any reserve as final payment.

Truck factoring Firms advance you cash to keep your trucks on the road, but they also do much more. Trucking factoring Firms typically provide back office functions such as credit checks on brokers and shippers; invoice generation and submission; receivables processing and accounting; as well as professional collections. These services are extremely helpful to any trucker, whether you are a single owner-operator or a large carrier.

Speed is critical in the Trucking industry, especially when you need to get paid for your deliveries. It’s why the entire Trucking industry depends on Trucking factoring. Whether you’re an independent owner-operator, mid-size fleet, or large carrier, you’ll benefit from Trucking bill factoring for consistent cash flow. Trucking factoring is the fastest way to get paid by your shippers and Trucking brokers, so you can deliver more loads and grow your business.

Truck Factoring Calculator

Truck Factoring-How to do it right

It’s no secret that your ability to control your cash flow will make or break your Trucking business — whether you’re a solo independent owner/operator or you’re the proud owner of a 50 truck fleet. If buying float time with the creative use of credit cards or going to your banker, hat in hand, to request a business line of credit has all the appeal of a root canal, there is another option available for small Trucking fleets and owner-operator Firms: Trucking bill factoring.For those of you unfamiliar with the practice, transportation factoring is nothing more than assigning your unpaid Trucking bills to a third party business for less than you would receive if you were to bill your customer and wait for payment. This enables you to get paid more quickly upon completion of a run, giving you faster access to the cash you need for funding your day-to-day operations.Here’s how Trucking factoring works, step-by-step:

1) Once you book your load, you fax or email details about your customer, the load, and your rate confirmation to the factoring service.

2) The factoring service lets you know if your customer is approved for load factoring

3) You pull the load

4) When you’re empty, you fax or mail your Bills of Lading and load-related documents to the factoring business.

5) Later that day (or within 24 hours) the factoring business will initiate a direct deposit to your bank account (which could be 60%-90% of your billing).

6) Once your customer has paid the invoice, you would receive the balance

Transportation invoice factoring isn’t for everyone, but it could provide you with the cash you need to keep your wheels turning and provide some stability to your Trucking business while you wait for your customer to pay their Trucking bill.

Truck Factoring Calculator

The best option for you is to invoice your customer directly and wait for payment to come in, but many customers are very slow to pay their invoices. If you need the cash right away, working with Trucking factoring Firms might provide the financial cushion that you need to keep your trucks on the road.

Only you can determine if truck factoring makes sense — and this information should arm you with the knowledge you need to make a wise decision and keep from being victimized by a dishonest transport factoring business that might not have your best interests in mind.—————————-

First, it should be noted that truck factoring is not free. There is a cost involved. It’s up to you as a business owner to make a determination as to whether or not it’s worth the cost — which can vary from as little as 1.5% to as much as about 5% of the line haul revenue.

It’s also important to note that you will likely face paying a number of fees, charges, and other expenses if you utilize the services of a Trucking bill factoring service. In most cases, your net proceeds from assigning your bills of lading to a factoring business will more than likely result in your receiving an advance of 60%-90% of the anticipated revenue (depending upon the factoring service you utilize). The balance would be remitted to you once your customer pays their bill.

Second, all Trucking factoring services are not created equally.

Here are some key questions to ask when considering Trucking factoring Firms:

Do you provide recourse- or non-recourse-based Trucking factoring services?

The name may seem unfamiliar, but the ramifications to your profitability could be substantial: Recourse-based Trucking factoring means that if your customer fails to pay the factoring service, that you will allow them to come back to you for reimbursement; whereas, non-recourse-based Trucking factoring means that even if the bill doesn’t get paid, you have your money.

Do you require me to let you bill my customer for all future loads I pull for them or can this be done on a load-by-load basis?

While you may have a temporary cash shortfall that you’re trying to cover by utilizing the services of a Trucking factoring service, many will require that they handle all future Trucking bill collections for monies owed to you by that customer. Depending upon the customer, you may not want to go this route, but keep in mind that some factoring Firms are very firm about this requirement.

Some Trucking bill factoring services give you the option of deciding on a load-by-load basis whether to handle the billing and collections yourself or whether to let them handle it on your behalf. In addition, factoring services that will let you make the decision yourself will also let you decide whether you want immediate payment or payment when the invoice is actually paid. This can be convenient for you, because it will almost permit you to utilize the Trucking factoring service as a de facto billing serviceIs there a price difference if I let you bill my customer for all loads that I pull for them?

Some Trucking factoring Firms may permit you to decide on an invoice-by-invoice basis whether you want to bill your customer yourself or have them do it, while others require all billings to originate through them.If you utilize their services on a “spot-usage” basis and don’t elect to have a particular invoice factored, you will still likely be faced with paying $15-$20 for billing. You would then receive payment once your customer pays the invoice.Do you charge extra fees for additional services?

Requirements for Customers — Most Trucking factoring Firms won’t automatically pay invoices from your customers. They will want to have a reasonable assurance that your customer isn’t a deadbeat, so they will likely require a credit check to ensure that there is a likelihood that they will be paid. Most transportation factoring Firms will do a credit check on your customer for you (which could involve a nominal fee). Other factoring services will give you access to a list of customers that are “pre-approved” — Firms that meet their credit requirements. This can also come in handy for you, especially if you want to know a prospective customer’s credit prior to booking the load.Do you require deposits? And do you advance 100% of the Trucking bill?

Some factoring services will require deposits, while others will not. Before signing on the dotted line, be sure to ask so that you have a clear understanding of exactly what you are getting into.It is rare for a factoring service to advance 100% of your Trucking bill, so find out what their policy will be — and if it will be the same for all customers and Trucking bills or if it could change from load to load.

Truck Factoring Calculator

Skip to Top Back to More Trucking Factoring Companies Information.9 Questions to Ask When Comparing Trucking Factoring Firms

In the U.S., the Trucking industry generates 255 billion in revenue each year. According to American Transportation Research Institute, there are 500,000 Trucking Firms, but only four percent of these Trucking Firms have more than 28 trucks. The other 96 percent have 28 trucks or less, and 82 percent have six trucks or fewer. So, Trucking is a multibillion dollar industry comprised mostly of small, independent operators.

Why is this information important?

There are two main challenges that Trucking Firms come across when looking at their business’s finances. The first being cash flow and obtaining a business loan from the bank to keep up with payroll, expenses, etc. The second challenge being waiting the 60 to 90 days that it can take for clients to settle their invoices. With the majority of Trucking Firms in the United States having under 28 trucks, this also means that their teams are relatively small as well. People are wearing multiple hats to try and get things done, tasks may get missed, and scaling is challenging without the proper cash flow backing them.

Having a lack of cash flow can quickly become what is holding you back from onboarding an A-player in your industry, keeping up with payroll, paying vendors, and frankly, growing your business beyond what it is today. Trucking factoring is one way to eliminate these obstacles, especially for smaller Trucking Firms or independent operators.What Is Trucking Factoring?You've likely heard of factoring in the past, and it is basically a way to create cash flow immediately instead of waiting to collect on all your invoices. The Trucking factoring business pays you 85 percent or more upfront and then collects the invoice payments for you. Once the payments are collected they send you the rest of the payments, less a factoring fee. The fee normally runs from one to three percent of the dollar amount factored.Many factoring Firms specialize in Trucking/transportation/Trucking forwarding, but the details of their proposals may vary widely. The number of options and the structure of the various agreements can get confusing.

In this article we will provide an overview of what to look at when comparing factoring Firms.1. How quickly can you get funding?

You will typically receive funding after the factoring business has received your submitted invoices. Some factors provide same–day funding or next-day funding, while others will only fund after verifying your customer’s bills, which can take more than 2 or 3 days.

The timeframe in which you receive your funding is one of the most crucial aspects of the contract that you need to consider. If you know that you typically need funding right away, then you will need to look at factoring Firms that provide same or next-day funding.

2. What kind of customer service does the business provide?

Like any industry, there are varying levels of services when you need to get in touch with a representative. With finances, many people like to have the option of speaking with a person right away. If an issue arises where they need access to their funding sooner than expected or something has gone wrong with their account, having access to a person or a nearby office can be beneficial.

We make a point of interacting with our customers in person as often as we can, and we encourage customers to travel to our offices if it isn’t too far for them. For example, we have team members located in Toronto, Canada, and we have a local office in Buffalo, New York. Should our Toronto clients want to make the short trip to Buffalo to visit our office, we encourage them to do so.The kind of interactions you want to have with your factoring business is important to consider. You do not want to end up working with a business that only offers email support if you’re someone who prefers to interact over the phone or in person. Make sure you do your homework before you set up a long-term arrangement.3. Does the factoring business provide credit protection?

There are two kinds of factors: non-recourse and recourse. Recourse factors have the option of charging you back for any unpaid invoices, but the non-recourse factors provide credit protection. This is a very common question that comes up when we are speaking with Firms about factoring. They want to know what happens should a client’s invoice become delinquent and ultimately, become unpaid.Having credit protection means that you will get paid on the invoice even if the invoice goes unpaid. Since they take on more risk, non-recourse factoring normally costs more.Especially with a smaller business, it can be difficult to have a backup plan should an invoice go unpaid. It’s important to consider what kind of strategy you have in place for unpaid invoices. Will you contact the customer or pursue them for the funds that they owe? Or, will you swallow the cost yourself and move on? Having an established plan of what you will do will help you establish if you will need recourse or non-recourse factoring.4. How much is advanced and how much is held in reserve?Factoring Firms normally provide 85 percent or more when you submit an invoice. They will hold on to the remaining amount until the invoice is paid by the client. Once the invoice is settled in full, they will release the remaining funds, minus their factoring fee. The fee tends to be somewhere between one and three percent.

5. What are the rates and fees?

Factoring fees can come in many different shapes and sizes. The main thing you need to make sure of is that you understand what fees are going to be incurred by doing business with a factoring business. Make sure to ask the right questions! Here are some ways in which fees can be charged:1.A percentage of the invoice value

2.They can depend on how long the invoice remains unpaid

3.There can be wire and ACH fees

4.Administrative fees

5.Interest

6.And much more.

Make sure you read the contract and understand all of the fees in which you are going to be charged so that you can make a smart decision about which structure is the best and most cost effective for you. The best way to compare proposals is to figure out the total cost of the fees as a percentage of the dollar amount of the factored invoices.

Flat Fees Versus Tiered Rates

The two most common fees charged are flat fees and tiered rate fees. Here is a quick explanation on how they typically work.

1. Flat Fees

Flat fees are really just how they sound. They are when a factoring business charges a one-time flat discount fee for the factoring of the invoice regardless of how long or how quickly the invoice is paid. This can be great, as it provides an upfront knowledge of exactly what your finance costs are going to be, but it can also prove expensive if your customers generally pay quickly.If a factoring business charges a three-percent flat rate and your clients pay in 60-90 days, well then you are getting quite a good deal. But, if three-percent is charged and most of your clients pay in 7-30 days, well three-percent is a lot for such a short time.Look over your customer list or aging and think about how long on average it takes for your customers to pay and that will help you in determining whether a flat rate really is a good deal for you or not.2. Tiered Fees

Tiered fees are fees that incrementally increase as the invoice remains unpaid. This is great because you are only incurring fees for as long as it takes the invoice to be paid. If your customers are paying quite quickly, then tiered fees will generally save a business a lot of money on factoring costs.

6. How are credit checks carried out?

Factoring Firms main concerns are not how many years a business has been in business or what a business owners credit score is. The main concern is that the factoring business is buying invoices that will get paid and not become delinquent.Many factoring Firms will check the credit of the customer, shipper or Trucking broker for you. You need to find out how this is done and how long it takes. You’ll likely want to work with a factor that can quickly approve your customer’s credit and your funding before you transport a load.

7. How much of the billing is handled by the factoring business?

One of the advantages of working with a factor is that some perform the back-office tasks like billing and invoicing. For example, you can send them the bill of lading and a rate sheet and they’ll take care of the rest. Other factoring Firms will ask you to do the invoicing and send them copies.Should you be in a situation where you don’t want your client to know that you’re working with a factoring business, you can look into Non-Notification Factoring. It is a form of factoring that significantly limits the number of interactions between the factoring business and your clients. In other words, the factoring business’s presence throughout the process is seemingly non-existent.If there is a point where the factoring business needs to communicate with one of your clients, the communication is done in a way that makes it seem like they’re part of your business. Factoring Firms can use your business collateral when sending notifications, emails, etc.This could mean a slight increase in the billing tasks that you need to handle, however, you can make sure to inquire about all of these options when you’re reviewing propposals.

8. What are the invoice requirements?

You’ll need to find out if the factoring business requires you to factor all your invoices or lets you choose the ones you want to factor. Also, some factors charge fees on the gross amount factored, while others charge you for the net amount (gross amount minus fuel costs).

9. What is the contract period?

Some Trucking factors may require a long-term contract from three to 36 months, but others will offer you the option of canceling your factoring agreement at any time. Make sure you understand the fine print and any fees associated with terminating your contract early if you decide on a longer-term contract.

How To Choose?

There are many things to consider when looking into different factoring Firms. Even though each factoring business is offering a similar service, there are many points that differentiate them.Each factoring business will have different funding rates, advance rates, contract terms and requirements. Some factors will require a personal guarantee, or maybe will require you to factor all invoices that the business produces, and other factoring Firms will let you pick and choose.Make sure you ask the questions we have laid out in this article and you will have all the information you need to choose a factoring business that is right for your Trucking business.Skip to Top Back to More Trucking Factoring Companies Information.

Several Key Differences Between Trucking Receivables Factoring and Merchant Cash Advance

Every small business owner knows that cash flow is the life blood of a company. With it, you can purchase raw materials and inventory, pay your overhead expenses and keep up with payroll. Without it, you may find yourself unable to fill orders or meet your financial commitments.

For these reasons, business owners seek out sources of funding that can help them meet their business obligations AND provide a consistent influx of capital to drive innovation and ultimately growth.

One method of financing that you may have heard about is a merchant cash advance, or MCA. On the surface, it sounds like it might be similar to Trucking Receivables Factoring – but is it? Let’s look at some of the biggest differences between the two.

1. Trucking Receivables Factoring is Less Risky Than a Merchant Cash AdvanceThere’s always some risk involved in financing a business. For the lender, the risk is that the business may miss payments or, in the worst-case scenario, fail to pay back their debt. And, for the business owner, the risk comes in the form of fees and interest.

When it comes to risk, there’s a big difference between Trucking Receivables Factoring and MCAs. Trucking Receivables Factoring advances money based on an existing invoice. The money that your customer owes for the product or service is advanced to you through the sale of your to the Trucking Receivables Factoring company.By contrast, MCAs give you money based on an estimate of future sales. If your sales fall short, you’ll still need to repay the money. More than that, MCAs usually require access to your bank accounts so they can take out the funds automatically. If you’re already experiencing cash flow issues, this can make it worse.

2. Merchant Cash Advances Can Be More Expensive Than Trucking Receivables Factoring

You probably already know that a risky form of financing is likely to cost more than one that carries a low risk. So, it should come as no surprise that MCA loans can be far costlier than Trucking Receivables Factoring.

Trucking Receivables Factoring fees are a percentage of the invoice. There’s a basic fee that applies to each factored as spelled out in your contract. If an remains unpaid past the initial payment term between you and your client, you may be charged back the advanced amount.MCA fees can be significantly higher than Trucking Receivables Factoring fees. The fee is typically between 20% and 50% of the amount borrowed. Even if your sales match the predictions, you’ll still end up paying back significantly more than your initial advance.

Something else to consider, MCAs are considered commercial transactions, so they are not subject to the same federal regulations that banks are. While a 20-50% advance fee might be common, APRs can exceed 300%. Plus, the payment structure is already determined at the time of the advance, so you can’t pay it off early to stop the interest from accruing.

3. Trucking Receivables Factoring Maximizes Cash Flow and Merchant Cash Advances Don’t

Trucking Receivables Factoring is a product that’s designed to help small business owners maximize their cash flow. That’s because it advances money against invoices that have already been fulfilled. When you factor an invoice, you get money immediately – often the same day – which you can then use to buy materials, invest in your company or make payroll.By contrast, MCAs are speculative. They provide you with a lump sum, but if you use that money to pay off existing debts, you may find yourself caught in a vicious cycle of requiring another cash advance to pay off the first with the meter running on the second.

With Trucking Receivables Factoring, you know your cost and fees upfront, and because it’s the sale of your invoice, there is no debt or interest to worry about. It’s not a loan.

4. Trucking Receivables Factoring Includes Back Office Services, MCAs Don’t

When you get an MCA, all you’re getting is money. One of the most important differences between an MCA and Trucking Receivables Factoring is your Trucking Receivables Factoring fee includes some time and potentially money-saving back office services that can help your business grow.

For example, Trucking Receivables Factoring companies typically provide services that include billing and collection. It can be quite expensive to pay someone to make collection calls on your outstanding invoices. Experienced Trucking Receivables Factoring account executives work as an extension of your team and on your behalf.

How Trucking Receivables Factoring Can Help Get New businesses Off the Ground

Starting a company requires a leap of faith. Even when you know you’ve got the skills and know-how to be a success, there are many ways that your budding venture can go wrong.Arguably, the toughest part for any entrepreneur is securing the funds to gain traction and grow despite having secured contracts with clients.What’s worse for new businesses than to have to turn away paying opportunities because they don’t have the capital to finance their operations, hire new people or invest in new equipment? Most young businesses can’t afford to turn away paying customers. They also can’t afford for word to get around that they can’t take on bigger projects.For start-ups and young businesses, there is a chicken-or-the-egg dilemma when it comes to qualifying for lines of credit or getting approved for a loan. Banks want to see history and a strong client base. But company owners can’t always build a decent portfolio without the capital to take on more clients.For this reason, invoice Trucking Receivables Factoring can be a way for new company owners to turn those early invoices into real working capital to get their businesses off the ground.

Young businesses Need Capital: Trucking Receivables Factoring Provides It

You know the saying, “you need to spend money to make money”? Ask a company owner if this is true. Rarely, can a young company survive without consistent working capital.

In fact, a lack of sufficient capital is the second-most common reason that new businesses fail. New company owners often borrow money from friends and family to help support their dreams. Or, they go into considerable personal debt in order to finance those early stages.Either way, you have somebody looking over your shoulder and expecting to be paid back. That’s a lot of pressure when you’re just starting out.Invoice Trucking Receivables Factoring provides working capital and predictable cash flow your new company needs. Unlike banks, Trucking Receivables Factoring companies provide funding by purchasing your outstanding invoices. That means that if you’ve got invoices, you have access to an immediate source of funding. The best part is that you’re getting an advance on your money. So not only do you get your money, you get it without the debt.As a start-up, you understand that it’s all about speed, and that’s the foundation of Trucking Receivables Factoring. Once your application is approved, you can get funding in as quickly as 24 hours after you submit your invoices. You can use those funds for anything that you’d like, restriction-free. Use it for payroll, to pay rent or to invest in new equipment.Young businesses Need Support: Trucking Receivables Factoring Provides It

company owners often find themselves wearing many hats in the course of a day. How often does a company owner say, “If only I had someone helping me with X, I can really focus on Y?”.Trucking Receivables Factoring companies provide more than funding for businesses. They take some of the most time-consuming tasks out of the owner’s hands, like checking customer credit and collecting on outstanding invoices. These jobs can take hours of your valuable time and often require additional staff to manage them. Different from a traditional loan, you get a team of back office support staff at no additional charge. These and other value-added services are included in your Trucking Receivables Factoring fee. Be sure to talk to your Trucking Receivables Factoring company about what other services they provide.

Young businesses Need Protection from Bad Debt: Trucking Receivables Factoring Provides It

For a new company, extending credit to a customer who doesn’t pay can be harmful at best and devastating at worst. It’s important to screen your customers’ credit. A Trucking Receivables Factoring company will do this for you before you take on new company so you can be assured that the client has the funds to pay.This saves you time upfront so you don’t start projects for clients who can’t pay, and it also means that the Trucking Receivables Factoring company can work with you to advance you funds when you complete the work.

Young businesses Must Avoid Taking on Debt: Trucking Receivables Factoring Won’t Add to Your Debt

One of the biggest reasons that Trucking Receivables Factoring is ideal for young businesses is that it provides the money you need without adding to your debt.Trucking Receivables Factoring isn’t a loan – it’s a purchase of your invoice. The Trucking Receivables Factoring company buys your invoice, takes out a nominal Trucking Receivables Factoring fee, and issues any remaining monies when the client pays. That’s it. End of transaction. No debt to keep track of or payments to make.

That means there’s no need to list your Trucking Receivables Factoring balance as debt. There are no interest rates or hidden fees either. In other words, Trucking Receivables Factoring provides you with the predictable cash flow you need without adding to your debt.

Young businesses Need to Grow: Trucking Receivables Factoring Helps

Growth opportunities don’t come along every day, but when they do, you’ve got to take advantage of them. New companies sometimes struggle to accept large orders or attract new customers because they don’t have the financial stability needed to do so.Invoice Trucking Receivables Factoring provides a solution by smoothing out cash flow and making it possible for company owners to pursue growth opportunities in the moment.

freightbillfactoring.org

freightbills.org

freightbrokerage.org

freightfactoring.co.uk

freightfactoringcompanies.org

freightfactoringcompany.org

freightfactors.org

freightinvoicefactoring.org

freighttruckingcompany.org

jasonsloan.org

longhaultrucking.org

transportationfactoringcompanies.org

transportationfactoringcompany.org

truckermoney.com

usloadsource.com

truckfactor.org

truckfactoringcompanies.org

truckfreightshipping.org

truckingbroker.org

truckingfactoring.org

truckingfactoringcompanies.com

truckingfactoringcompanies.org

truckingfactoringcompany.com

truckingfactors.org

truckingservice.org

factoringtrucking.org

factortrucking.org

factoringfortrucking.com

factoringfortrucking.com

factoringfortruckingcompany.com

Trucks move roughly 71.4% of the nation's freight by weight. That is just one of many statistics calculated and tracked by American Trucking Associations' professional staff that you can learn about here.

Revenue:

$796.7 billion in gross freight revenues (primary shipments only) from trucking, representing 80.3% of the nation’s freight bill in 2018.

Tonnage:

11.49 billion tons of freight (primary shipments only) transported by trucks in 2018, representing 71.4% of total domestic tonnage shipped.

Taxes:

-$42.6 billion paid by commercial trucks in federal and state highway-user taxes in 2017.

-Commercial trucks make up 13.4% of all registered vehicles, and paid $17.7 billion in federal highway-user taxes and $25.8 billion in state highway-user taxes, in 2017.

-24.4¢ in federal fuel tax paid for each gallon of diesel fuel as of January, 2019.

-18.4¢ in federal fuel tax paid for each gallon of gasoline as of January, 2019.

-27.4¢ paid on average in state fuel tax for each gallon of diesel fuel as of 2019.

-26.2¢ paid on average in state fuel tax for each gallon of gasoline as of 2019.

Number of Trucks:

-36 million trucks registered and used for business purposes (excluding government and farm) in 2017, representing 24% of all trucks registered.

-3.68 million Class 8 trucks (including tractors and straight trucks) in operation in 201, nearly unchanged from 2016.

Mileage:

-297.6 billion miles traveled by all registered trucks in 2017

-181.5 billion miles traveled by combination trucks in 2017

Number of businesses:

According to the U.S. Department of Transportation, as of May 2019, the number of for-hire carriers on file with the Federal Motor Carrier Safety Administration totaled 892,078, private carriers totaled 772,011 and other* interstate motor carriers totaled 84,930.

Other’ motor carriers are those that did not specify their segment or checked multiple segments. All other categories were excluded.

-91.3% operate 6 or fewer trucks.

-97.4% operate fewer than 20 trucks.

International Trucking:

-Trucks transported 67.4% of the value of surface trade between the U.S. and Canada in 2018.

-Trucks transported 83.5% of the value of surface trade between the U.S. and Mexico in 2018.

-In 2018, the value of truck-transported trade rose 10.2% to $424.0 billion with Mexico; truck-transported trade with Canada rose 3.6% to $348.3 billion.

Employment:

-7.8 million people employed throughout the economy in jobs that relate to trucking activity in 2018, excluding the self-employed

-3.5 million truck drivers employed in 2018 (almost unchanged from 2017)

Industry Overview: Trucking

The Trucking Industry is a cyclical sector comprised of businesses that provide shipping services, using tractor-trailers, to customers, which are usually commercial businesses. Most trucking outfits own and operate the vehicles in their fleets, though some do rely on leasing. The vast majority of revenue is generated domestically, since overseas shipments require either air- or sea-based transportation. Thus, these businesses have little exposure to foreign currency fluctuations. The industry tends to be a leading indicator for the overall economy. During the early stages of an economic upswing, customers begin to ship more goods in anticipation of stronger business conditions. Conversely, a decrease in trucking demand may signal the beginning of an economic slump.

The Operating Basics

This industry is competitive. Customers have numerous operators to choose from, including privately held carriers and businesses outside the industry, such as air-transporters. As a result, day-to-day operations tend to be relationship-oriented. businesses strive to build close ties with customers in order to generate repeat business. Providing excellent service is a necessity, since customers can easily find an alternative shipper. Price competition is fierce, and the businesses in this group generally operate with narrow margins.To adequately serve the needs of its customers, a trucking company has to have a large collection of tractors and trailers, often numbering in the thousands. Furthermore, the fleet has to be upgraded often (every five years for tractors). Frequent upgrades help to keep maintenance expense in check, since older vehicles require more upkeep. Also, a young fleet may attract better-qualified drivers, especially when the supply of labor is thin. Too, increasingly stringent U.S. environmental standards compel trucking businesses to purchase newer, more-efficient vehicles. Fleet sizes are also often adjusted in accordance with the prevailing economic situation. During downturns, truckers will decrease the number of vehicles in operation to avoid holding excess capacity. When the supply of tractors exceeds demand, this results in less revenue generated per vehicle and other inefficiencies.There are two primary segments within the Trucking Industry: truckload and less-than-truckload (LTL). Truckload carriers fill a trailer with large amounts of cargo from one customer, usually with a single destination in mind. LTL operators fill a trailer with small amounts of cargo from several different customers, requiring various delivery destinations. Goods shipped via LTL carriers may stop at numerous terminals and be transferred between several different vehicles before reaching the final destination. Truckload freight, on the other hand, usually remains in the same vehicle along the entire shipping route. Both types of trucking businesses maintain a network of terminals and distribution centers across the country.The industry is affected by seasonal factors. Generally, all trucking businesses enjoy increased demand in the calendar fourth quarter, when retailers stock their shelves for the major holiday shopping season. In the middle of the year, LTL businesses may experience high demand, relative to that of truckload operators, since there is less need to transport large amounts of homogenous freight. During the first quarter, business is usually slack for both truckload and LTL carriers – a good circumstance, since this period typically involves weather-related disruptions.

Major Expenses

There are several important expenses that affect the profitability of trucking businesses. Labor costs have a considerable impact on earnings. Trucking businesses require a deep roster of qualified drivers and freight handlers. The supply of available drivers often tends to be slim, resulting in intense competition for qualified talent. businesses need to offer competitive wages and benefits to attract the best employees. Some trucking outfits employ workers that belong to powerful labor unions. These employees possess strong negotiating leverage, and the possibility of labor strife is a risk. Nonunion workers offer lower labor costs, but they might not be as dependable. Other significant labor-related costs include pension expense and workers’ compensation.Fuel is one other expense that must be managed carefully. Lengthy trips, heavy loads and large engines keep tractor-trailer fuel consumption high. Most of the cost of diesel fuel is passed on to customers through surcharges. But, if fuel prices rise quickly, there may be a lag in recouping all of the related outlays, thus hurting a trucker’s short-term profitability. Most businesses prefer to rely on surcharges rather than long-term fuel-contract hedging.Operating expansion and fleet improvement may be financed with cash flow, common equity and/or debt, depending on the cost of each source. At times, a heavy debt burden might be assumed in the completion of a merger that may offer greater market coverage. Generally, these businesses possess average stock market risk. Over a business cycle, cash reserves can build, and barring any pressing needs for capital investment, these businesses will reward investors with a big one-time dividend or stock buybacks. For the most part, though, managements are more interested in building stockholder value via operating network enhancements and expansion.

Skip to Top Back to More Trucking Factoring Companies Information.

How Big Is The Trucking Industry?

The trucking industry impacts your life more than you might think. Almost every good in the United States had traveled by truck at least once before it reached its final destination. Even when goods travel by railroad, they still almost always go by truck for at least part of their journey. Trucking accounts for over 70 percent of freight in the United States. This means trucking generates more revenue than any other industry in the United States.Nearly 6 percent of all full-time jobs in America are in the trucking industry, which generates over $700 billion every year. At 53.9 billion gallons of fuel per year, these truck drivers use over 12 percent of all fuel used in the United States.Tractor-trailers drive 432.9 billion miles every single year, and there are over 15.2 million trucks on the road.

How the Trucking Industry Affects Other Industries

The trucking industry affects other people’s employment, as well. Industries such as steel mills and auto manufacturers depend on truckers to deliver supplies needed to manufacture their goods. This is because the manufacturing industry has shifted toward “just in time manufacturing.” This means parts are delivered just before assembly, so manufacturers do not need large warehouses to store components.The manufacturing industry also depends on truckers to transport goods to sellers. Without trucks, workers at these factories would soon face unemployment.The farming industry also depends on the trucking industry. Fruits, vegetables, and dairy products are transported many miles before they reach their final destinations at the store. Farm owners and farm workers both depend on trucking to keep their industry going.

What if Trucking Disappeared?

Trucking helps transport nearly every kind of good you can think of. Life would not be the same as you know it if the trucking industry disappeared tomorrow. Gas stations would be out of gas in less than a week because they depend on fuel deliveries every two and a half days.Your local grocery store would be out of dairy and produce in a few days because many grocery stores keep as few perishables in stock as possible. They depend on daily deliveries of food. The supply of clean water would even disappear because water purification plants would not be getting the tools they needed to clean water.Hospitals would run out of medications in a very short time, and some would run out of oxygen within a day. This is because they do not keep many supplies on hand ahead of time. Some even wait to order more supplies until their current ones are depleted. These hospitals depend on trucks to quickly get them the supplies they need within a few hours.Even a disruption to the trucking industry has significant consequences. After 9/11, trucks carrying auto parts were significantly delayed at the Canadian border. This caused several Michigan auto manufacturing plants to shut down because they could not get the parts they needed in time. This caused them severe economic loss.

A Shortage of Drivers

Because the trucking industry is so vital to everyday life, nearly 900,000 more drivers are needed. This is because the industry is growing so quickly. DAT Solutions found that in 2018, there was only one truck available for every 12 loads that needed to be shipped. Part of this shortage is because many truck drivers are nearing retirement age, and there are not enough new ones to replace them.

Final Thoughts

Many people do not realize just how important the trucking industry is. America would be very different without the trucking industry and the more than 10 million people who work in it.

Providing the best invoice factoring companies services for
New York City , New York companies and nationwide-map

Get CASH NOW for your outstanding invoices.

Information for the city of New York City

New York is a vibrant center for commerce and business and one of the three "world cities" (along with London and Toyko) that control world finance. Manufacturing primarily of small but highly diverse types accounts for a large but declining amount of employment. Clothing and other apparel, such as furs; chemicals; metal products; and processed foods are some of the principal manufactures. The city is also a major center of television broadcasting, book publishing, advertising, and other facets of mass communication. It became a major movie making site in the 1990s, and it is a preeminent art center, with artists revitalizing many of its neighborhoods. The most celebrated newspapers are the New York Times and the .

New York attracts many conventions including the national Democratic (1868, 1924, 1976, 1980, 1992) and Republican (2004) party conventions and was the site of two World's Fairs (1939 40; 1964 65). It is served by three major airports: John F. Kennedy International Airport and LaGuardia Airport, both in Queens, and Newark International Airport, in New Jersey. Railroads converge upon New York from all points.With its vast cultural and educational resources, famous shops and restaurants, places of entertainment (including the theater district and many off Broadway theaters), striking and diversified architecture , and parks and botanical gardens, New York draws millions of tourists every year. Some of its streets and neighborhoods have become symbols throughout the nation. Wall Street means finance; Broadway, the theater; Fifth Avenue, fine shopping; Madison Avenue, advertising; and SoHo, art


Fun Facts about New York City

Known by many nicknames, including the "Empire State" and "The Big Apple," New York City is one of the most important places in the world. As one of the largest and most diverse cities, New York is home to many famous and talented people. Over its long history, New Yorkers have filled the city with thousands of important landmarks. Additionally, because New York City is home to so many cultural attractions, millions of visitors flock there annually to experience the city first hand. All of these factors lead many people to consider New York the finest city on Earth, and simply call it "The City" to demonstrate its greatness.

History

New York City has a long and interesting history, stretching almost 400 years. It has changed greatly over this time, from its primitive state as a forest to the skyscraper-filled city it is today. It is interesting to consider what New York City will look like in another 400 years.

The city was originally called New Amsterdam.While the official seal of the city proclaims that New York City was founded in 1625, many historians argue that the first settlers arrived in 1624.Most of the initial colonists were Dutch, and they were fleeing the religious persecution of the Spanish Inquisition.Chief among the goals of the settlers was the development of a fur-trading post; this is why beavers are on the New York City seal.The first settlers established their camp on Governor's Island. The next year, they set out to colonize lower Manhattan.In 1626, Peter Minuit purchased the land from Native Americans.The Island of Manhattan derives its name from the Native American tribe that lived in the area, called the Mannahatta.Initially, Manhattan was little more than a cattle pasture.By the beginning of the 20th Century, the population of New York City was over 3 million.The oldest standing building in New York City is the Wyckoff Farmhouse, originally built in 1652.From 1789 to 1790, New York City was the nation's capital.

Size and Population

New York City is a busy, crowded metropolis. Known as a "Melting Pot," it is home to people from virtually every country in the world. This combination of different cultures gives New York City its unique charm and makes it like no other place.

According to the 2012 census, New York City has a population of over 8 million. This represents more than one-third of the entire state's population.Almost half of the city's residents over the age of 5 speak a language besides English.The population of the entire metro New York City area is close to 12 million.New York City is home to more women than men. Approximately 52 percent of the residents are female.New York City's population is approximately 44 percent white, 25 percent African American, 28 percent Hispanic, and 12 percent Asian. People with Pacific Island or Native American heritage make up most of the remainder. These percentages add up to more than 100 percent, because many people have mixed ancestry.Approximately one-third of all New York City residents live at or below the poverty line.Approximately 6 percent of New York City residents have an income that is more than 10 times the poverty level.New York has approximately 50,000 homeless people.New York City is not very big. The entire city is approximately 300 square miles in size.New York City is the most densely populated major city in the United States.New York City is divided into five different boroughs, or neighborhoods. They are Manhattan, the Bronx, Queens, Brooklyn and Staten Island.Normally home to about 1.5 million residents, Manhattan's population nearly doubles during the work week, when an additional 1.5 million commuters come to the island.

Famous Landmarks

Over the years, artists, architects and elected officials have constructed many noteworthy structures in the city of New York. Others were constructed elsewhere and moved to the city, such as the Statue of Liberty. Some of the most noteworthy buildings in the world “ including the Empire State Building “ call New York home.

The Empire State Building was the world's tallest structure from its construction in 1931 until 1972.In addition to the Empire State Building, many notable sky scrapers were built in New York City, including the Woolworth Building, the New York Life Building, and the Metropolitan Life Insurance Company Tower.Central Park is one of the largest urban parks in the world. Encompassing over 800 acres, the park draws over 35 million annual visitors.The Statue of Liberty was a gift from France, and opened in New York Harbor in 1886.The Brooklyn Bridge was the first steel wire suspension bridge constructed, and the first to include electric lighting. It spans the East River to connect Brooklyn with Manhattan.Manhattan is home to the first commodity market in the world, called the New York Cotton Exchange, as well as the largest securities exchange in the world: the New York Stock Market.The Staten Island Ferry moves across the Hudson River, so it may not qualify as a landmark, but it attracts thousands of annual visitors.Times Square, which is sometimes known as the "Center of the Universe," is one of the most iconic and popular places in New York City.

Famous people from NYC

Because so many people live in the city, it should be no surprise that many famous people live in New York City. New York is the cultural, business, and entertainment center for the world and this is where the best of the best choose to live. On any given day, you may encounter celebrities on the street, the subway, or at a restaurant.

New York City is home to many entertainers, including living legends such as Denzel Washington, Robert De Niro, Spike Lee, and Tommy Lee Jones.Michael Jordan, Joe Namath, and Vince Lombardi were all New Yorkers at one point in time.New York City was home to some of the greatest minds in history, including physicists Richard Feynman and Robert Oppenheimer as well as author Carl Sagan.Many music legends hail from New York City, including Billy Joel and Ira Gershwin.Current musicians, such as Christina Aguilera, 50 Cent, and Lady Gaga were born in New York City as well.Lucile Ball was born in Jamestown, but moved to New York City.Both Theodore Roosevelt and Franklin Roosevelt were born in New York.New York City is home to some of the world's funniest people, like Adam Sandler, Eddie Murphy, and Jerry Seinfeld.Any city with the nickname of "Gotham" must have its share of famous criminals, and New York City has plenty of them. Al Capone, Billy the Kid, and David Berkowitz were all from New York City.Several New Yorkers have been reality television stars, including Mike "The Situation" Sorrentino from the show Jersey Shore, and Paul John Teutul from the series American Chopper.

Attractions

New York hosts many events and attractions that draw people from all over the world. From sporting events to theater productions, New York City is one of the most entertaining places on Earth. New York City is also home to world-class zoos, amusement parks, and museums as well.

Ellis Island was the location where immigrants entered the United States, but today the island houses a museum dedicated to teaching early immigration policies and procedures to visitors.Rockefeller Center, the site where Saturday Night Live and Today are filmed, is a popular tourist destination.Famous ethnic neighborhoods, such as Chinatown and Little Italy, are favorites among visitors.The New York City Marathon draws up to 50,000 runners annually, and travels through all five boroughs.Famous scenes from movies and television programs abound in New York City. Many visitors enjoy visiting the places where Friends, Law and Order, and Seinfeld were filmed.Many people visit New York City exclusively for the nightlife. Hundreds of restaurants, theaters, and nightclubs fill the city.The Museum of Modern Art is one of the finest museums in the world, and displays important pieces from around the globe.Coney Island has a number of fun attractions, including roller coasters and other thrill rides.The Bronx Zoo is one of the finest zoos in the country and has been instrumental in the survival of many rare species. The New York Aquarium, located on Coney Island, provides visitors with the opportunity to see sea creatures up close.The New York Botanical Gardens allow residents and visitors to see numerous examples of beautiful plants and flowers.

Food

New York is well known for its incredible food. The diversity of the population of the city has truly created a melting pot of cuisine. Visitors can find food from hundreds of different countries within a few city blocks, as well as dine in some of the finest restaurants in the world.

Many authorities consider New York Pizza the best in the world. According to most experienced pizza chefs, the municipal water in the city that is used to make the crust is better than any other water in the world.New York is home to nine of the top 100 restaurants in the world, according to Restaurant magazine.Thousands of mobile food carts provide quick, affordable, and delicious meals to New Yorkers on the go.Many neighborhoods are renowned for a different type of food. For example, Koreatown is well known for its Korean food, while Little Italy is home to several famous Italian restaurants.Drinks like the Bloody Mary and the Manhattan Special are rumored to have been invented in New York City.The ice cream cone, pasta primavera and eggs Benedict were all invented in New York City.Famous street foods available in New York City include hot dogs, pretzels, falafel, tacos and Italian ices.Eastern European Jewish communities invented delicatessens, often called delis, in New York City.The headquarters for several national food businesses are in New York City.Many of New York City's restaurants rank among the most expensive in the world. Some cost patrons an average of $400 or more per person.

Information for the state of New York

Introduction - New York State FactsLocated in the Northeastern region of the United States, the state of New York borders six other states as well as Canada. It is a state famous for natural wonders like Niagara Falls, historical treasures such as the Statue of Liberty, and a bustling financial market. There are so many reasons why there are millions of people who visit this state each year. What many people may not realize it that New York City was actually the capital of the United Sates when George Washington took his oath as president at Federal Hall, in 1789. More interesting facts and information are listed in a kid-friendly format below.



New York State Quick FactsNew York was the 11th state to enter the union.New York officially became a state on July 26, 1788.It is the 27th largest state, measured in square miles, in the United States.The state capital of New York is Albany.This states population is 19,651,127 (source 2013 United States Census Bureau estimate).New York ranks 3rd in most populous state in the United States, behind only California and Texas (source 2013 United States Census Bureau estimate).The state flower of New York is the Rose.The most popular nickname for this state is "The Empire State".Residents of New York are called New Yorkers.Major bodies of water in this US state include the Hudson River, Genesee River, and the Mohawk River.I Love New York is the state song.

Skip to Top Back to More Trucking Factoring Companies Information. If you did not have to wait for the cash flow to come in what would you do right now?

New York City Factoring CompaniesWhy not start considering to use factoring businesses as a way to change your motive and give yourself a more comfortable future in the eyes of your staff and your bank balance? -New York City Factoring Companies factoringtruckinvoice.com

DISCOVER THE FORTUNE THAT LIES IN YOUR RECEIVABLES

New York City Factoring Companies Articles

Why Trucking Companies Use Trucking Companies

As the owner of your own business, you may be more than aware already of the difficulty in making sure that cash flow issues do not become a problem down the line. After all, the worst thing that can possibly happen for your business is to find yourself embroiled in a long and difficult situation that leaves you forever trying to find the cash you need on an ongoing basis.

For any business in this situation, the problem can come for waiting for work to clear up and actually be paid into your account. Invoices, checks, and the like can take some time to actually to be processed which can leave you with short-term cash flow issues. Thankfully, there are options out there for businesses to look into – and one of these is receivable factoring companies.

receivable factoring companies will, in exchange for your invoices, provide you with the cash today so that you don't need to worry about the waiting period that could make paying the bills and getting materials more difficult. With this type of setup, invoice receivable factoring can become incredibly useful for many businesses who need to get out of a cash trap which they have found themselves in.

Because, depending on the size of the job, it can take up to 60 days for some businesses to get paid then it's important to cover your own back and not leave yourself cash short to pay the bills. After all, how many businesses have two months revenue just lying there to cover all their expenses until they get paid?

This is especially true of Trucking companies. They tend to deal with lots of invoices which means a significant amount of collection time involves business owner themselves. Trying to get paid in time can become an incredible hassle and this is why you use Trucking receivable factoring companies who are happy to help out truckers specifically.

As we all know, Trucking is an incredibly large industry with many companies out there employing hundreds of drivers. Unfortunately, many of these drivers end up in money troubles because they are still waiting for work from six weeks ago to actually pay them. When this is the situation for a Trucking company, turning to receivable factoring companies for assistance might be the best choice left.

This means that a Trucking company can pay the wages of the staff, keep all the trucks topped off with fuel and continue to scale, grow and expand without always waiting for the money which is taking too long to come in. Trucking Businesses running without a receivable factoring program put in place are leaving themselves at significant risk, as competitors cash out fast and continue to expand.

There's genuinely nothing to be worried about when it comes to using a receivable factoring company – they aren't like a bank or somebody who is going to leave you with a huge pile of debt to pay back. You give them genuine invoices from work you have already finished, you are merely speeding up the payment process.

In the United States, where Trucking companies thrive, receivable factoring companies are not considered borrowing in any capacity. This confidential agreement then allows both parties to profit and enjoy a comfortable future – it gives the receivable factoring company a guaranteed asset of income to add to the list and it gives the Trucking firm the needed cash that they worked hard to earn.

The Trucking company provides their invoices to the receivable factoring company. The Trucking receivable factoring company then receive the payments from the Trucking company's customers. receivable factoring has been around for hundreds of years and has been used for many years by many different industries – but none more so than truckers. While you may miss out on a small part of the money, something like 1-3% depending on who you work with, it means that you are getting the money today and can actually start putting the money to work.

After all, an IOU or an invoice is not going to pay for expenses, is it? For Trucking companies when the money can be good one day and gone the next, it's up to the drivers to work sensibly and to ensure they are leaving themselves with a significant amount of time and finance to get through the week until they are paid again.

So the next time your Trucking business is having some short-term cash flow issues and you are spending too much time chasing slow paying clients, why not start considering using a receivable factoring businesses as a way to get your money and give yourself a more comfortable future in the eyes of your Trucking staff and your bank balance?

You Can Find More Factoring Company Trucking Information at New York City factoring companies
and at Iowa Trucking Factoring Companies

New York City Factoring Companies Articles

The Basics of Invoice Factoring: Choosing a receivable factoring Company

Probably the biggest frustration for business to business (B2B) companies is waiting to get paid. Anyone involved in a seasonal business, long payment cycle, or lumpy cash flow will be able to relate to this statement. Some customers are very slow payers (of course corporate clients and governments come to mind!) and other customers demand generous terms.

Explaining Invoice Factoring

Basically, with invoice factoring your current but unpaid invoices are turned into cash – it's a financing solution for businesses. Other terms used for factoring are 'Accounts Receivable Financing', 'Invoice Financing 'and 'Receivables Financing'. Because many clients demand generous terms, it means that invoices can remain unpaid for anywhere between 30 and 90 days; while in the meantime you're left without cash and falling behind on important expenses, such as payroll, and missing opportunities to grow your business. And this is where factoring comes in: factoring reduces, and sometimes eliminates the frustration of unpaid accounts.

A receivable financing transaction usually involves three parties, and these are the company that initially issues the invoice, the customer who is required to pay the invoice (otherwise known as the account debtor), and the 'factor', which is the financing company prepared to supply the cash.

Explaining Invoice Financing

An invoice is issued to a customer after a company has delivered a service or product. This invoice will now be sold to the factor and, in return, the company will receive a cash advance: this will usually be between 70% and 90% of the invoice's value. With this cash the company finds it easier to pay employees; plus, it can now purchase supplies, materials, and inventory, and it can take on more work. Once the debtor pays their invoice the business will receive a rebate for the rest of the funds, less a fee which will be based on the value of the invoice and the term. This type of financial agreement benefits all three parties: the customer receives cash almost immediately, the debtor gets favorable payment terms, and the receivable factoring company collects a fee.

Explaining the Difference between Traditional Bank Financing and Invoice Financing

There are, of course, both drawbacks and benefits to this type of financing for businesses. The obvious benefits of factoring are a simpler application process, quicker funding, and higher approval rates when compared to bank lending. Having access to cash allows a business to grow, to meet payroll, achieve supplier discounts for bulk purchases or early payment, and to purchase equipment in order to improve productivity.

Factoring has a very simple application process which eliminates some of the main hurdles placed on small businesses by banks. The speed of funding with receivable factoring offers businesses the opportunity to take advantage of opportunities as they arise. In addition, the high approval rates with factoring means that many more businesses qualify, even though they may have previously been declined by a bank. Another bonus is that funds received from factoring invoices can be used to supplement bank credit, if necessary.

On the other hand, when it comes to cost, a line-of-credit at a bank is less expensive than factoring; this is assuming that the business will be successful in their application to the bank and that they'll have access to the finance within a reasonable timeframe. Unfortunately, these applications are not always successful (four out of five companies are refused bank loans), while others find the whole process too discouraging.

Another possible issue with working with traditional factoring companies is that some of these companies will advise your customers that their invoices have been financed: this information can cause issues for some small businesses because they prefer to maintain control over all correspondence with their clients. Other receivable factoring companies actually take control of your account receivables. Our advice is that you look for a factoring company that's prepared to work on a non-notification basis.

Receivables Financing Has Become Good Business Sense

Today we see receivable factoring becoming quite commonplace in many industries, such as IT companies, professional services, wholesale trade, marketing, manufacturing companies and so on. Many, many industries are discovering the benefits of receivables financing.

Invoice factoring is an ideal solution for business-to-business companies who issue invoices payable within 15 to 90 days. Any B2B company who's experiencing rapid growth, long payment cycles, or lumpy cash flow, will benefit the most from accounts receivable factoring. On the other hand, businesses and business-to-consumer (B2C) companies that are paid on delivery and don't issue invoices would have no need of factoring services.

If you're interested in invoice financing and believe it may be an option for your business, see below for our tips on how to approach working with a receivable factoring company.

How to Work with an Invoice Factoring Company

There are many advantages to invoice financing, but it can be tricky working with some traditional factoring companies. Some receivable factoring companies don't have excellent customer service, and between confusing terms, long-term contracts, monthly minimums, and hidden penalties, the experience can be quite daunting. Our aim is to ensure that you get a fair deal when working with a factoring company, and please remember that, as always, if a deal sounds too good to be true, then it probably is!

You're Looking for Transparent Factoring Fees and Rates

Companies that make it difficult to work out their all-inclusive fees are companies who are working for their own advantage, so when determining pricing, transparency is key. If you're getting frustrated and not receiving direct answers, we suggest you move on to another factoring company that will be respectful of your time.

Another Word of Caution: Beware of receivables factoring companies who advertise low rates, which then increase when all their hidden fees come to light. We've heard of factoring companies who charge low monthly factoring rates, but you'll be charged for two months' even if the invoice was paid in one month and one day. We also know that some factors require monthly minimums, which means that you pay for financing even if it's not required. We strongly suggest that you read our article on factoring rates and tricks so that you approach factoring with knowledge and awareness.

Understanding Penalties, and How to Avoid Them

Be aware that some invoice factoring companies out there have hidden penalties. In order to avoid these penalties, you need to know why they occur. If you believe these penalties are out of proportion or unfair, then move on to another factor. It won't be long before you'll understand what fair and reasonable terms look like.

Read the Fine Print in Your Contract

In order to guarantee their profits, most factoring companies will try to lock you into a long-term contract. Obviously this is good business for the receivable factoring company, but it may not be so good for your business. You need to know what you're signing up for, so be aware of long-term contracts where you'll be charged exorbitant cancellation fees if you should decide to leave. Also, be aware that some long-term contracts include minimums, so consider this carefully: you may find yourself paying for something you're not using when you only needed the factoring company to meet occasional cash-flow needs. You shouldn't be forced to remain with a service that's not meeting your needs, so it's vitally important that you carefully read the fine print.

Customer Confidentiality

Once you start your research on factoring you'll discover that most receivable factoring companies operate on a notification basis, which means that when you sell your invoices to the factor, they notify your customers. They'll also ask that the funds be routed directly to the factoring company's bank account, instead of your account. This can be an issue for business owners who prefer to have control of all communications with their customers. If discretion is important to you and your business, we strongly suggest that your accounts receivable financing company provides non-notification receivable factoring, meaning that you retain control over customer communications. If this is not an option for your factoring company, then you need to move to a company that will provide non-notification factoring.

How Much Cash Will You Receive Upfront?

You'll receive an advance upfront, which is a percentage of the face value of the invoice. This advance will probably be somewhere between 70% and 90% of the invoice's face value. For example, let's say your customer owes you $1000: your advance payment should be somewhere between $700 and $900.

Factoring Minimums Compared with Single Invoice Discounting

You'll also notice in your research that many factors require small businesses to submit all invoices from certain customers. On the other hand, 'single invoice discounting', also known as 'spot factoring', means that the business concerned determines which invoices will be sent to the factoring company for advance payment. Make sure you understand your receivable factoring company's terms before you sign anything. Single invoice discounting or spot factoring is generally the preferred method for small businesses because it enables you to retain control over your financing by determining which invoices will be sent for factoring.

Choosing Your receivable factoring Company

Think about all the above criteria, and look for a business partner who will provide your business with the best combination of flexibility, features, and terms that you require. By doing a little research you'll soon find a partner and an agreement that offers you the flexibility, funds, terms, and transparency that work best for you. Your aim is to find a partner that you'll be happy to work with long-term, so don't settle for anything less.

You Can Find More Factoring Company Trucking Information at New York City factoring companies
and at Iowa Trucking Factoring Companies

New York City Factoring Companies Articles

How receivable factoring Companies Help trucking Companies

Commercial transportation play a vital role in the economic growth of any place; and the back bone of this large scale transportation is the trucking companies. Every trucking firm has contributed to the economic development of the place irrespective of how big or small they are. It is these trucking services that take the goods around by road or deliver goods on the shores or to the airport to be transported overseas. Unfortunately these companies face a lot of operational issues with relation to hikes in fuel prices and a credit period which affects their cash flow.

Are you heading one of these trucking companies and facing issues with operating costs? You are not alone and there is a solution. receivable factoring companies provide you the much needed relief by facilitating cash flow by using your accounts receivables. The operations of these companies are different from bank loans as it does not affect the debt to equity ratio. Here is a small instance to explain their role in making your trucking company a success. Consider a small firm with around 10 trucks. The firm is doing very well and is able to manage its operations efficiently. But it's not able to accommodate new clients due to lack of trucks and delay in payments from his current customers by 45-60 days. receivable factoring companies step in the gap, they buy your invoices and give you the cash you need to buy the new trucks and meet other expenses. These firms wait for the customer's to make their payments and you get to move on. This article throws light on how these receivable factoring companies help trucking companies and why all trucking companies should use them.

Answers Concerns on Operating Costs

receivable factoring companies work towards providing you timely funds by supplying you the required amount as they wait for your customer to make payments. This allows you to make payments to your employees on time, pay off bills and fulfill other business commitments with ease. You also have the cash to repair your trucks in time to prolong the life of the vehicle. receivable factoring firms facilitate the smooth running of your business by eliminating the waiting period; especially considering the fact that some customers take 60-90 days to make payments. The best part is you use this service without facing any concerns about liquidity and this is why all trucking companies should use them.

Prevents and Eliminates Further Debt

receivable factoring firms bring in stability and avoid situations where you may require loans. Avoiding loans helps in keeping the debt to equity ratio low. This in turn improves your image and helps you take steps towards paying off your outstanding loans. Paying off bills on time therefor keeping your suppliers happy. The fees taken by receivable factoring company is decided on the financial situation of the trucking firm and is usually 1-3 percent of the invoice value.

Offer Management Services

Managing your office is another option given by these companies. The service includes recording your accounts receivable, checking outstanding payments from customers and following up for timely payments. This gives you a hassle free environment to work and contribute to the growth of your business. In case you do not wish to hire them for managing your payment section, they provide online services for providing funds. You can send details in spreadsheets for requesting payment. They are quick to respond and precise in communication.

Checking Credit Worthiness of the Clients

receivable factoring companies maintain data on the credit history of prospective customers. They share this information with you once you begin working with them. This brings down the number of issues with non-payment and delayed payments. This is especially important for small and medium sized firms who are still growing and learning the intricacies of this business. It avoids getting in to situations which can jeopardize the sustainability of your company.

Cuts Down Over Head Cost

Hiring trucking receivable factoring companies for back office operations is beneficial in many ways. First of all you do not need another set of professionals to run your office. Apart from being an overhead cost, you can reduce your time managing them. Giving this section away to receivable factoring firms saves you a lot of precious time and money. And above all they provide high quality transparent service. With this you can stop chasing your customers for payments.

Builds Your Image

Time is precious and with trucking receivable factoring companies you get to use this resource efficiently. They take care of customer's payment schedule and replenishing your reserves as the situation demands. This gives you the financial backup to take your business to the next level. You get to make sound decisions about buying more trucks and paying off your debts to improve the credibility of your firm. Apart from this you also get to work on your firm's future. This will include knowing your new client requirements and understanding if you will be able to accommodate them. trucking receivable factoring companies help you run your business more smoothly.

Choosing the right receivable factoring company is essential for the smooth running of your business. Cost is only one of the determining factors when deciding on the firm. Verify their credibility and experience in this field before signing a contract. You may also want to know about online services and customer credit verification services if you are looking for a complete package. The time between placement of request and receiving of funds is vital. Be sure to understand all their terms and conditions before committing with a company.

trucking receivable factoring companies have redefined the operations of a trucking firm.. They have improved the effectiveness of small and medium sized firms. Gone are the days when smaller trucking companies had to shut down due to poor funds. receivable factoring companies step in the gap and give them the best chances of surviving and achieving success. Choose a reputed receivable factoring firm and soar to higher places sooner than expected.

New York City Factoring Companies Articles

Healthcare Staffing And How To Use A receivable factoring Company The Right Way

The healthcare field is arguably one of the most rapidly growing industries in the United States. With the baby boomers, the largest section of our population, reaching retirement age the need for expanding healthcare services has never been more pronounced.

At the center of this growth are healthcare staffing agencies that hire for hospitals, clinics, doctor's offices and a wide range of medical facilities. However, while business is booming the ability for these staffing agencies to expand is inhibited by the customer invoice system. Fortunately, there are healthcare staffing receivable factoring companies around to help them in their time of need.

We asked the owner of a local healthcare staffing agency, Christine Warren, to talk to us about how receivable factoring companies helped expand her business and provide a much needed boost at a critical time for her company.

“Hello Christine and welcome. I was hoping you would tell us a little about how healthcare staffing receivable factoring companies helped your business, but I suppose we should begin by how you got started in this business?”

Christine Warren (Christine), “Thanks for having me. I actually have been a part of several start-up businesses in my recent career and was looking for a field that would show a lot of promise. It was pretty clear to me that medical staffing was a big need in the healthcare field so I set about to start my own business. I had experience in starting up businesses before, so I drew up a business plan, took out a loan, rented the offices and hired a staff to get started.”

“So, you did what most people do in starting up a business. How did it do?”

Christine: “I actually got off to a pretty good start. I had made a few contacts and managed to get some business right away. This was really helpful because as you might know our clients use invoices for payments and it can take up to 90 days before we actually get the cash in hand. Around four months in we were facing a real crossroads as new opportunities opened up for our business, but we didn't have the cash on hand to take advantage.”

“I'm a little confused. You say you were doing well, but you didn't have the ability to expand your business?”

Christine: “That's right. The problem was back to the invoices that were making up wait up to 3 months before we had the cash. I really wanted to expand my staffing business to handle the new opportunities I was being presented, but I couldn't because I was still waiting on the invoices to finally turn to cash. So I was asking my accountant about what could be done when the suggestion of a healthcare staffing receivable factoring company was introduced.”

“Tell us a bit more about receivable factoring companies.”

Christine: “Basically, receivable factoring companies purchase the invoices right on the spot so you can have cash on hand immediately instead of waiting up to three months. For healthcare staffing receivable factoring companies, they will then collect the money from the business when the invoice is read to be fully paid. It really worked out for me because I was able to get cash quickly to add new personnel and even expand my offices to include another section of the building I was renting in.”

“I understand that receivable factoring companies are there for many different kinds of businesses, including medical staffing. Was it difficult to get set up with a receivable factoring company?”

Christine: Actually, it was pretty easy once we found a company that met our needs. I just filled out a short form and they looked over a few of the invoices I had to see what companies that I worked with. It really didn't take long at all before they agWarren to cash some of the invoices and I got the money I needed to expand.”

“Could you tell me a little more about the advantages of using a receivable factoring company like this?”

Christine: “Sure, I was not only able to hire a couple of new people and rent additional space, I've been able to cash my invoices when unexpected bills come up or if I need to make a purchase quickly for a new piece of equipment. This has come in really handy recently when I decided to move to a new location and needed some cash on hand to make the transition. The receivable factoring services are really quite good with reasonable rates and fast service.”

“What's the differences in using receivable factoring companies over getting a new loan?”

Christine: “It is frankly much better than getting a loan because with receivable factoring there is nothing to pay back. We are basically getting our own money from the invoices we've earned up front and paying only a small fee. With a loan, I would not only have to pay it back but with interest as well. receivable factoring for us has really been a godsend when it comes to making decisions about how to expand my business. I'm no longer tied down to waiting 2 to 3 months to get paid when I can take what my business has earned and get cash immediately.”

“I take it that you are happy with how healthcare staffing receivable factoring has worked out for you?”

Christine: “You would be correct. I cannot imagine how my business would have expanded at that critical time without receivable factoring companies to buy my invoices. This is a great service that has helped me in my time of need and now my medical staffing business is bigger than ever. I'd recommend receivable factoring companies to anyone running a business that relies on invoices if they need to get cash quickly.”

There is little doubt that Christine Warren has been quite happy about the services she received working with a receivable factoring company. Perhaps receivable factoring is right for you and your needs, be sure to search for the type of receivable factoring business that works in your field so that you can get the right services in helping your company to succeed.

You Can Find More Factoring Company Trucking Information at New York City factoring companies
and at Iowa Trucking Factoring Companies

Back to More Trucking Factoring Companies Information.

Watch our Receivables Factoring Company Video below to see how we work for you.

Back to More Trucking Factoring Companies Information.

You Can Find More Information at gitfex.com
and at factoringtruckinvoice.com

Call Us Today at: 1-888-239-9162

New York Oilfield Factoring Services For Trucking Companies

New York Oilfield Factoring Services For Trucking Companies and Others

Get CASH NOW for your outstanding invoices.

Back to More Trucking Factoring Companies Information. Get CASH NOW for your outstanding invoices.

New York City Factoring Companies and More City Links

New York City Factoring Companies

Los Angeles Factoring Companies

Chicago Factoring Companies

Houston Factoring Companies

Philadelphia Factoring Companies

Phoenix Factoring Companies

San Antonio Factoring Companies

San Diego Factoring Companies

Dallas Factoring Companies

San Jose Factoring Companies

Austin Factoring Companies

Jacksonville Factoring Companies

Indianapolis Factoring Companies

San Francisco Factoring Companies

Columbus Factoring Companies

Fort Worth Factoring Companies

Charlotte Factoring Companies

Detroit Factoring Companies

El Paso Factoring Companies

Memphis Factoring Companies

Boston Factoring Companies

Seattle Factoring Companies

Denver Factoring Companies

Washington DC Factoring Companies

Nashville Davidson Factoring Companies

Baltimore Factoring Companies

Louisville Jefferson Factoring Companies

Portland Factoring Companies

Oklahoma City Factoring Companies

Milwaukee Factoring Companies

Las Vegas Factoring Companies

Albuquerque Factoring Companies

Tucson Factoring Companies

Fresno Factoring Companies

Sacramento Factoring Companies

Long Beach Factoring Companies

Kansas City Factoring Companies

Mesa Factoring Companies

Virginia Beach Factoring Companies

Atlanta Factoring Companies

Colorado Springs Factoring Companies

Raleigh Factoring Companies

Omaha Factoring Companies

Miami Factoring Companies

Oakland Factoring Companies

Tulsa Factoring Companies

Minneapolis Factoring Companies

Cleveland Factoring Companies

Wichita Factoring Companies

Arlington Factoring Companies

New Orleans Factoring Companies

Bakersfield Factoring Companies

Tampa Factoring Companies

Honolulu Factoring Companies

Anaheim Factoring Companies

Aurora Factoring Companies

Santa Ana Factoring Companies

St Louis Factoring Companies

Riverside Factoring Companies

Corpus Christi Factoring Companies

Pittsburgh Factoring Companies

Lexington Fayette Factoring Companies

Anchorage Factoring Companies

Stockton Factoring Companies

Cincinnati Factoring Companies

St Paul Factoring Companies

Toledo Factoring Companies

Newark Factoring Companies

Greensboro Factoring Companies

Plano Factoring Companies

Henderson Factoring Companies

Lincoln Factoring Companies

Buffalo Factoring Companies

Fort Wayne Factoring Companies

Jersey Factoring Companies

Chula Vista Factoring Companies

Orlando Factoring Companies

St Petersburg Factoring Companies

Norfolk Factoring Companies

Chandler Factoring Companies

Laredo Factoring Companies

Madison Factoring Companies

Durham Factoring Companies

Lubbock Factoring Companies

Winston Salem Factoring Companies

Garland Factoring Companies

Glendale Factoring Companies

Hialeah Factoring Companies

Reno Factoring Companies

Baton Rouge Factoring Companies

Irvine Factoring Companies

Chesapeake Factoring Companies

Irving Factoring Companies

Scottsdale Factoring Companies

North Las Vegas Factoring Companies

Fremont Factoring Companies

Gilbert town Factoring Companies

San Bernardino Factoring Companies

Boise Factoring Companies

Birmingham Factoring Companies

Alabama Factoring Companies

Alaska Factoring Companies

Arizona Factoring Companies

Arkansas Factoring Companies

California Factoring Companies

Colorado Factoring Companies

Connecticut Factoring Companies

Delaware Factoring Companies

Florida Factoring Companies

Georgia Factoring Companies

Hawaii Factoring Companies

Idaho Factoring Companies

Illinois Factoring Companies

Indiana Factoring Companies

Iowa Factoring Companies

Kansas Factoring Companies

Kentucky Factoring Companies

Louisiana Factoring Companies

Maine Factoring Companies

Maryland Factoring Companies

Massachusetts Factoring Companies

Michigan Factoring Companies

Minnesota Factoring Companies

Mississippi Factoring Companies

Missouri Factoring Companies

Montana Factoring Companies

Nebraska Factoring Companies

Nevada Factoring Companies

New Hampshire Factoring Companies

New Jersey Factoring Companies

New Mexico Factoring Companies

New York Factoring Companies

North Carolina Factoring Companies

North Dakota Factoring Companies

Ohio Factoring Companies

Oklahoma Factoring Companies

Oregon Factoring Companies

Pennsylvania Factoring Companies

Rhode Island Factoring Companies

South Carolina Factoring Companies

South Dakota Factoring Companies

Tennessee Factoring Companies

Texas Factoring Companies

Utah Factoring Companies

Vermont Factoring Companies

Virginia Factoring Companies

Washington Factoring Companies

West Virginia Factoring Companies

Wisconsin Factoring Companies

Wyoming Factoring Companies

New York City Factoring Companies

Los Angeles Factoring Companies

Chicago Factoring Companies

Houston Factoring Companies

Philadelphia Factoring Companies

Phoenix Factoring Companies

San Antonio Factoring Companies

San Diego Factoring Companies

Dallas Factoring Companies

San Jose Factoring Companies

Austin Factoring Companies

Jacksonville Factoring Companies

Indianapolis Factoring Companies

San Francisco Factoring Companies

Columbus Factoring Companies

Fort Worth Factoring Companies

Charlotte Factoring Companies

Detroit Factoring Companies

El Paso Factoring Companies

Memphis Factoring Companies

Boston Factoring Companies

Seattle Factoring Companies

Denver Factoring Companies

Washington DC Factoring Companies

Nashville Davidson Factoring Companies

Baltimore Factoring Companies

Louisville Jefferson Factoring Companies

Portland Factoring Companies

Oklahoma City Factoring Companies

Milwaukee Factoring Companies

Las Vegas Factoring Companies

Albuquerque Factoring Companies

Tucson Factoring Companies

Fresno Factoring Companies

Sacramento Factoring Companies

Long Beach Factoring Companies

Kansas City Factoring Companies

Mesa Factoring Companies

Virginia Beach Factoring Companies

Atlanta Factoring Companies

Colorado Springs Factoring Companies

Raleigh Factoring Companies

Omaha Factoring Companies

Miami Factoring Companies

Oakland Factoring Companies

Tulsa Factoring Companies

Minneapolis Factoring Companies

Cleveland Factoring Companies

Wichita Factoring Companies

Arlington Factoring Companies

New Orleans Factoring Companies

Bakersfield Factoring Companies

Tampa Factoring Companies

Honolulu Factoring Companies

Anaheim Factoring Companies

Aurora Factoring Companies

Santa Ana Factoring Companies

St Louis Factoring Companies

Riverside Factoring Companies

Corpus Christi Factoring Companies

Pittsburgh Factoring Companies

Lexington Fayette Factoring Companies

Anchorage Factoring Companies

Stockton Factoring Companies

Cincinnati Factoring Companies

St. Paul Factoring Companies

Toledo Factoring Companies

Newark Factoring Companies

Greensboro Factoring Companies

Plano Factoring Companies

Henderson Factoring Companies

Lincoln Factoring Companies

Buffalo Factoring Companies

Fort Wayne Factoring Companies

Jersey Factoring Companies

Chula Vista Factoring Companies

Orlando Factoring Companies

St. Petersburg Factoring Companies

Norfolk Factoring Companies

Chandler Factoring Companies

Laredo Factoring Companies

Madison Factoring Companies

Durham Factoring Companies

Lubbock Factoring Companies

Winston Salem Factoring Companies

Garland Factoring Companies

Glendale Factoring Companies

Hialeah Factoring Companies

Reno Factoring Companies

Baton Rouge Factoring Companies

Irvine Factoring Companies

Chesapeake Factoring Companies

Irving Factoring Companies

Scottsdale Factoring Companies

North Las Vegas Factoring Companies

Fremont Factoring Companies

Gilbert town Factoring Companies

San Bernardino Factoring Companies

Boise Factoring Companies

Birmingham Factoring Companies

Rochester Factoring Companies

Richmond Factoring Companies

Spokane Factoring Companies

Des Moines Factoring Companies

Modesto Factoring Companies

Fayetteville Factoring Companies

Tacoma Factoring Companies

Oxnard Factoring Companies

Fontana Factoring Companies

Columbus Factoring Companies

Montgomery Factoring Companies

Moreno Valley Factoring Companies

Shreveport Factoring Companies

Aurora Factoring Companies

Yonkers Factoring Companies

Akron Factoring Companies

Huntington Beach Factoring Companies

Little Rock Factoring Companies

Augusta Factoring Companies

Amarillo Factoring Companies

Glendale Factoring Companies

Mobile Factoring Companies

Grand Rapids Factoring Companies

Salt Lake City Factoring Companies

Tallahassee Factoring Companies

Huntsville Factoring Companies

Grand Prairie Factoring Companies

Knoxville Factoring Companies

Worcester Factoring Companies

Newport News Factoring Companies

Brownsville Factoring Companies

Overland Park Factoring Companies

Santa Clarita Factoring Companies

Providence Factoring Companies

Garden Grove Factoring Companies

Chattanooga Factoring Companies

Oceanside Factoring Companies

Jackson Factoring Companies

Fort Lauderdale Factoring Companies

Santa Rosa Factoring Companies

Rancho Cucamonga Factoring Companies

Port St. Lucie Factoring Companies

Tempe Factoring Companies

Ontario Factoring Companies

Vancouver Factoring Companies

Cape Coral Factoring Companies

Sioux Falls Factoring Companies

Springfield Factoring Companies

Peoria Factoring Companies

Pembroke Pines Factoring Companies

Elk Grove Factoring Companies

Salem Factoring Companies

Lancaster Factoring Companies

Corona Factoring Companies

Eugene Factoring Companies

Palmdale Factoring Companies

Salinas Factoring Companies

Springfield Factoring Companies

Pasadena Factoring Companies

Fort Collins Factoring Companies

Hayward Factoring Companies

Pomona Factoring Companies

Cary Factoring Companies

Rockford Factoring Companies

Alexandria Factoring Companies

Escondido Factoring Companies

Mckinney Factoring Companies

Kansas City Factoring Companies

Joliet Factoring Companies

Sunnyvale Factoring Companies

Torrance Factoring Companies

Bridgeport Factoring Companies

Lakewood Factoring Companies

Hollywood Factoring Companies

Paterson Factoring Companies

Naperville Factoring Companies

Syracuse Factoring Companies

Mesquite Factoring Companies

Dayton Factoring Companies

Savannah Factoring Companies

Clarksville Factoring Companies

Orange Factoring Companies

Pasadena Factoring Companies

Fullerton Factoring Companies

Killeen Factoring Companies

Frisco Factoring Companies

Hampton Factoring Companies

Mcallen Factoring Companies

Warren Factoring Companies

Bellevue Factoring Companies

West Valley City Factoring Companies

Columbia Factoring Companies

Olathe Factoring Companies

Sterling Heights Factoring Companies

New Haven Factoring Companies

Miramar Factoring Companies

Waco Factoring Companies

Thousand Oaks Factoring Companies

Cedar Rapids Factoring Companies

Charleston Factoring Companies

Visalia Factoring Companies

Topeka Factoring Companies

Elizabeth Factoring Companies

Gainesville Factoring Companies

Thornton Factoring Companies

Roseville Factoring Companies

Carrollton Factoring Companies

Coral Springs Factoring Companies

Stamford Factoring Companies

Simi Valley Factoring Companies

Concord Factoring Companies

Hartford Factoring Companies

Kent Factoring Companies

Lafayette Factoring Companies

Midland Factoring Companies

Surprise Factoring Companies

Denton Factoring Companies

Victorville Factoring Companies

Evansville Factoring Companies

Santa Clara Factoring Companies

Abilene Factoring Companies

Athens Factoring Companies

Vallejo Factoring Companies

Allentown Factoring Companies

Norman Factoring Companies

Beaumont Factoring Companies

Independence Factoring Companies

Murfreesboro Factoring Companies

Ann Arbor Factoring Companies

Springfield Factoring Companies

Berkeley Factoring Companies

Peoria Factoring Companies

Provo Factoring Companies

El Monte Factoring Companies

Columbia Factoring Companies

Lansing Factoring Companies

Fargo Factoring Companies

Downey Factoring Companies

Costa Mesa Factoring Companies

Wilmington Factoring Companies

Arvada Factoring Companies

Inglewood Factoring Companies

Miami Gardens Factoring Companies

Carlsbad Factoring Companies

Westminster Factoring Companies

Rochester Factoring Companies

Odessa Factoring Companies

Manchester Factoring Companies

Elgin Factoring Companies

West Jordan Factoring Companies

Round Rock Factoring Companies

Clearwater Factoring Companies

Waterbury Factoring Companies

Gresham Factoring Companies

Fairfield Factoring Companies

Billings Factoring Companies

Lowell Factoring Companies

Ventura Factoring Companies

Pueblo Factoring Companies

High Point Factoring Companies

West Covina Factoring Companies

Richmond Factoring Companies

Murrieta Factoring Companies

Cambridge Factoring Companies

Antioch Factoring Companies

Temecula Factoring Companies

Norwalk Factoring Companies

Centennial Factoring Companies

Everett Factoring Companies

Palm Bay Factoring Companies

Wichita Falls Factoring Companies

Green Bay Factoring Companies

Daly City Factoring Companies

Burbank Factoring Companies

Richardson Factoring Companies

Pompano Beach Factoring Companies

North Charleston Factoring Companies

Broken Arrow Factoring Companies

Boulder Factoring Companies

West Palm Beach Factoring Companies

Santa Maria Factoring Companies

El Cajon Factoring Companies

Davenport Factoring Companies

Rialto Factoring Companies

Edison Factoring Companies

Las Cruces Factoring Companies

San Mateo Factoring Companies

Lewisville Factoring Companies

South Bend Factoring Companies

Lakeland Factoring Companies

Erie Factoring Companies

Woodbridge Factoring Companies

Tyler Factoring Companies

Pearland Factoring Companies

College Station Factoring Companies

Albany Factoring Companies

Allegheny Factoring Companies

Brooklyn Factoring Companies

Camden Factoring Companies

Canton Factoring Companies

Dearborn Factoring Companies

Duluth Factoring Companies

Fall River Factoring Companies

Flint Factoring Companies

Gary Factoring Companies

Hammond Factoring Companies

Kenosha Factoring Companies

Livonia Factoring Companies

Lynn Factoring Companies

Macon Factoring Companies

New Bedford Factoring Companies

Niagara Falls Factoring Companies

Parma Factoring Companies

Portsmouth Factoring Companies

Reading Factoring Companies

Roanoke Factoring Companies

Scranton Factoring Companies

Somerville Factoring Companies

St. Joseph Factoring Companies

Trenton Factoring Companies

Utica Factoring Companies

Wilmington Factoring Companies

Youngstown Factoring Companies

Alabama Factoring Companies

Alaska Factoring Companies

Arizona Factoring Companies

Arkansas Factoring Companies

California Factoring Companies

Colorado Factoring Companies

Connecticut Factoring Companies

Delaware Factoring Companies

Florida Factoring Companies

Georgia Factoring Companies

Hawaii Factoring Companies

Idaho Factoring Companies

Illinois Factoring Companies

Indiana Factoring Companies

Iowa Factoring Companies

Kansas Factoring Companies

Kentucky Factoring Companies

Louisiana Factoring Companies

Maine Factoring Companies

Maryland Factoring Companies

Massachusetts Factoring Companies

Michigan Factoring Companies

Minnesota Factoring Companies

Mississippi Factoring Companies

Missouri Factoring Companies

Montana Factoring Companies

Nebraska Factoring Companies

Nevada Factoring Companies

New Hampshire Factoring Companies

New Jersey Factoring Companies

New Mexico Factoring Companies

New York Factoring Companies

North Carolina Factoring Companies

North Dakota Factoring Companies

Ohio Factoring Companies

Oklahoma Factoring Companies

Oregon Factoring Companies

Pennsylvania Factoring Companies

Rhode Island Factoring Companies

South Carolina Factoring Companies

South Dakota Factoring Companies

Tennessee Factoring Companies

Texas Factoring Companies

Utah Factoring Companies

Vermont Factoring Companies

Virginia Factoring Companies

Washington Factoring Companies

West Virginia Factoring Companies

Wisconsin Factoring Companies

Wyoming Factoring Companies

Best Alabama Factoring Companies

Best Alaska Factoring Companies

Best Arizona Factoring Companies

Best Arkansas Factoring Companies

Best California Factoring Companies

Best Colorado Factoring Companies

Best Connecticut Factoring Companies

Best Delaware Factoring Companies

Best Florida Factoring Companies

Best Georgia Factoring Companies

Best Hawaii Factoring Companies

Best Idaho Factoring Companies

Best Illinois Factoring Companies

Best Indiana Factoring Companies

Best Iowa Factoring Companies

Best Kansas Factoring Companies

Best Kentucky Factoring Companies

Best Louisiana Factoring Companies

Best Maine Factoring Companies

Best Maryland Factoring Companies

Best Massachusetts Factoring Companies

Best Michigan Factoring Companies

Best Minnesota Factoring Companies

Best Mississippi Factoring Companies

Best Missouri Factoring Companies

Best Montana Factoring Companies

Best Nebraska Factoring Companies

Best Nevada Factoring Companies

Best New Hampshire Factoring Companies

Best New Jersey Factoring Companies

Best New Mexico Factoring Companies

Best New York Factoring Companies

Best North Carolina Factoring Companies

Best North Dakota Factoring Companies

Best Ohio Factoring Companies

Best Oklahoma Factoring Companies

Best Oregon Factoring Companies

Best Pennsylvania Factoring Companies

Best Rhode Island Factoring Companies

Best South Carolina Factoring Companies

Best South Dakota Factoring Companies

Best Tennessee Factoring Companies

Best Texas Factoring Companies

Best Utah Factoring Companies

Best Vermont Factoring Companies

Best Virginia Factoring Companies

Best Washington Factoring Companies

Best West Virginia Factoring Companies

Best Wisconsin Factoring Companies

Best Factoring Companies For Freight Brokers

Best Factoring Companies For Trucking

Best Freight Broker Factoring Companies

Best Freight Broker Factoring Company

Best Freight Factoring Companies

Best Freight Factoring Company

Best Transportation Factoring Companies

Best Transportation Factoring Company

Best Truck Factoring Companies

Best Trucker Factoring Companies

Best Trucker Factoring Company

Best Trucking Factoring

Best Trucking Factoring Companies

Best Trucking Factoring Company

Broker Factoring

Factoring Companies For Freight Brokers

Factoring Companies For Small Businesses

Factoring Companies For Trucking

Factoring Companies For Trucking Industry

Factoring Companies Truckers

Factoring Companies Used By Trucking Companies

Factoring Company Trucking

Factoring For Freight Brokers

Factoring For Trucking

Factoring For Trucking Companies

Factoring Freight Brokers Only

Factoring Services For Trucking Companies

Factoring Transportation Brokers

Factoring Transportation Receivables

Factoring Truck Loads

Factoring Trucking Business

Factoring Trucking Companies

Factoring Trucking Industry

Factoring Trucking Receivables

Freight Bill Factoring

Freight Bill Factoring Companies

Freight Bill Factoring Definition

Freight Bill Factoring Services

Freight Broker Factoring

Freight Broker Factoring Companies

Freight Broker Factoring Program

Freight Factoring

Freight Factoring Benefits

Freight Factoring Brokers

Freight Factoring Companies

Freight Factoring Companies For Brokers

Freight Factoring Companies In Texas

Freight Factoring Company

Freight Factoring Company Reviews

Freight Factoring Costs

Freight Factoring Definition

Freight Factoring For Brokers

Freight Factoring Rates

Freight Factoring Reviews

Freight Factoring Services

Freight Forwarding Factoring

Freight Invoice Factoring

Freight Invoice Factoring Companies

Reviews The Best Factoring Company For Trucking

Top 10 Freight Factoring Companies

Top Freight Factoring Companies

Top Transportation Factoring Companies

Top Trucking Factoring Companies

Top Trucking Factoring Company

Transport Factoring

Transportation Factoring

Transportation Factoring Companies

Transportation Factoring Company

Transportation Factoring Definition

Transportation Factoring Solutions

Transportation Factoring Trucking

Transportation Factors

Transportation Invoice Factoring

Truck Driver Factoring

Truck Factor

Truck Factoring Calculator

Truck Factoring Companies

Truck Factoring Company

Truck Factoring Definition

Truck Factors

Truck Freight Factoring

Truck Load Factor

Trucker Factoring

Trucking And Factoring

Trucking Factoring

Trucking Factoring Companies

Trucking Factoring Companies Reviews

Trucking Factoring Company

Trucking Factoring Rates

Trucking Factoring Service

Trucking Invoice Factoring

Trucking Invoice Factoring Companies

What Is Freight Factoring

Find The Best Factoring Companies

Government Invoice Factoring Companies

Healthcare Factoring Companies

How Does Freight Factoring Work

Invoice Discounting

Invoice Factoring

Invoice Factoring Broker

Invoice Factoring Companies

Invoice Factoring Rates

Invoice Factoring Reviews

Invoice Factoring Services

Medical Factoring Companies

Medical Staffing Factoring

Oilfield Factoring Companies

Oilfield Services Factoring

Oilfield Services Factoring Companies

Payroll Factoring Companies

Payroll Funding For Staffing Companies

Staffing Agency Factoring Companies

Staffing Factoring

Staffing Factoring Companies

Temporary Staffing Payroll Services

Top Factoring Companies

Top Invoice Factoring Companies

Top Rated Factoring Companies

Factoring Companies Reviews

Accounts Receivable Factoring

Accounts Receivable Factoring Companies

Accounts Receivable Factoring Rates

Accounts Receivable Financing

Accounts Receivable Financing Companies

Accounts Receivable Financing Rates

Best New York City Trucking Factoring Companies

Best Los Angeles Trucking Factoring Companies

Best Chicago Trucking Factoring Companies

Best Houston Trucking Factoring Companies

Best Philadelphia Trucking Factoring Companies

Best Phoenix Trucking Factoring Companies

Best San Antonio Trucking Factoring Companies

Best San Diego Trucking Factoring Companies

Best Dallas Trucking Factoring Companies

Best San Jose Trucking Factoring Companies

Best Austin Trucking Factoring Companies

Best Jacksonville Trucking Factoring Companies

Best Indianapolis Trucking Factoring Companies

Best San Francisco Trucking Factoring Companies

Best Columbus Trucking Factoring Companies

Best Fort Worth Trucking Factoring Companies

Best Charlotte Trucking Factoring Companies

Best Detroit Trucking Factoring Companies

Best El Paso Trucking Factoring Companies

Best Memphis Trucking Factoring Companies

Best Boston Trucking Factoring Companies

Best Seattle Trucking Factoring Companies

Best Denver Trucking Factoring Companies

Best Washington Dc Trucking Factoring Companies

Best Nashville Davidson Trucking Factoring Companies

Best Baltimore Trucking Factoring Companies

Best Louisville Jefferson Trucking Factoring Companies

Best Portland Trucking Factoring Companies

Best Oklahoma City Trucking Factoring Companies

Best Milwaukee Trucking Factoring Companies

Best Las Vegas Trucking Factoring Companies

Best Albuquerque Trucking Factoring Companies

Best Tucson Trucking Factoring Companies

Best Fresno Trucking Factoring Companies

Best Sacramento Trucking Factoring Companies

Best Long Beach Trucking Factoring Companies

Best Kansas City Trucking Factoring Companies

Best Mesa Trucking Factoring Companies

Best Virginia Beach Trucking Factoring Companies

Best Atlanta Trucking Factoring Companies

Best Colorado Springs Trucking Factoring Companies

Best Raleigh Trucking Factoring Companies

Best Omaha Trucking Factoring Companies

Best Miami Trucking Factoring Companies

Best Oakland Trucking Factoring Companies

Best Tulsa Trucking Factoring Companies

Best Minneapolis Trucking Factoring Companies

Best Cleveland Trucking Factoring Companies

Best Wichita Trucking Factoring Companies

Best Arlington Trucking Factoring Companies

Best New Orleans Trucking Factoring Companies

Best Bakersfield Trucking Factoring Companies

Best Tampa Trucking Factoring Companies

Best Honolulu Trucking Factoring Companies

Best Anaheim Trucking Factoring Companies

Best Aurora Trucking Factoring Companies

Best Santa Ana Trucking Factoring Companies

Best St Louis Trucking Factoring Companies

Best Riverside Trucking Factoring Companies

Best Corpus Christi Trucking Factoring Companies

Best Pittsburgh Trucking Factoring Companies

Best Lexington Fayette Trucking Factoring Companies

Best Anchorage Trucking Factoring Companies

Best Stockton Trucking Factoring Companies

Best Cincinnati Trucking Factoring Companies

Best St Paul Trucking Factoring Companies

Best Toledo Trucking Factoring Companies

Best Newark Trucking Factoring Companies

Best Greensboro Trucking Factoring Companies

Best Plano Trucking Factoring Companies

Best Henderson Trucking Factoring Companies

Best Lincoln Trucking Factoring Companies

Best Buffalo Trucking Factoring Companies

Best Fort Wayne Trucking Factoring Companies

Best Jersey Trucking Factoring Companies

Best Chula Vista Trucking Factoring Companies

Best Orlando Trucking Factoring Companies

Best St Petersburg Trucking Factoring Companies

Best Norfolk Trucking Factoring Companies

Best Chandler Trucking Factoring Companies

Best Laredo Trucking Factoring Companies

Best Madison Trucking Factoring Companies

Best Durham Trucking Factoring Companies

Best Lubbock Trucking Factoring Companies

Best Winston Salem Trucking Factoring Companies

Best Garland Trucking Factoring Companies

Best Glendale Trucking Factoring Companies

Best Hialeah Trucking Factoring Companies

Best Reno Trucking Factoring Companies

Best Baton Rouge Trucking Factoring Companies

Best Irvine Trucking Factoring Companies

Best Chesapeake Trucking Factoring Companies

Best Irving Trucking Factoring Companies

Best Scottsdale Trucking Factoring Companies

Best North Las Vegas Trucking Factoring Companies

Best Fremont Trucking Factoring Companies

Best Gilbert Town Trucking Factoring Companies

Best San Bernardino Trucking Factoring Companies

Best Boise Trucking Factoring Companies

Best Birmingham Trucking Factoring Companies

Best Rochester Trucking Factoring Companies

Best Richmond Trucking Factoring Companies

Best Spokane Trucking Factoring Companies

Best Des Moines Trucking Factoring Companies

Best Modesto Trucking Factoring Companies

Best Fayetteville Trucking Factoring Companies

Best Tacoma Trucking Factoring Companies

Best Oxnard Trucking Factoring Companies

Best Fontana Trucking Factoring Companies

Best Columbus Trucking Factoring Companies

Best Montgomery Trucking Factoring Companies

Best Moreno Valley Trucking Factoring Companies

Best Shreveport Trucking Factoring Companies

Best Aurora Trucking Factoring Companies

Best Yonkers Trucking Factoring Companies

Best Akron Trucking Factoring Companies

Best Huntington Beach Trucking Factoring Companies

Best Little Rock Trucking Factoring Companies

Best Augusta Trucking Factoring Companies

Best Amarillo Trucking Factoring Companies

Best Glendale Trucking Factoring Companies

Best Mobile Trucking Factoring Companies

Best Grand Rapids Trucking Factoring Companies

Best Salt Lake City Trucking Factoring Companies

Best Tallahassee Trucking Factoring Companies

Best New York City Freight Factoring Companies

Best Los Angeles Freight Factoring Companies

Best Chicago Freight Factoring Companies

Best Houston Freight Factoring Companies

Best Philadelphia Freight Factoring Companies

Best Phoenix Freight Factoring Companies

Best San Antonio Freight Factoring Companies

Best San Diego Freight Factoring Companies

Best Dallas Freight Factoring Companies

Best San Jose Freight Factoring Companies

Best Austin Freight Factoring Companies

Best Jacksonville Freight Factoring Companies

Best Indianapolis Freight Factoring Companies

Best San Francisco Freight Factoring Companies

Best Columbus Freight Factoring Companies

Best Fort Worth Freight Factoring Companies

Best Charlotte Freight Factoring Companies

Best Detroit Freight Factoring Companies

Best El Paso Freight Factoring Companies

Best Memphis Freight Factoring Companies

Best Boston Freight Factoring Companies

Best Seattle Freight Factoring Companies

Best Denver Freight Factoring Companies

Best Washington Dc Freight Factoring Companies

Best Nashville Davidson Freight Factoring Companies

Best Baltimore Freight Factoring Companies

Best Louisville Jefferson Freight Factoring Companies

Best Portland Freight Factoring Companies

Best Oklahoma City Freight Factoring Companies

Best Milwaukee Freight Factoring Companies

Best Las Vegas Freight Factoring Companies

Best Albuquerque Freight Factoring Companies

Best Tucson Freight Factoring Companies

Best Fresno Freight Factoring Companies

Best Sacramento Freight Factoring Companies

Best Long Beach Freight Factoring Companies

Best Kansas City Freight Factoring Companies

Best Mesa Freight Factoring Companies

Best Virginia Beach Freight Factoring Companies

Best Atlanta Freight Factoring Companies

Best Colorado Springs Freight Factoring Companies

Best Raleigh Freight Factoring Companies

Best Omaha Freight Factoring Companies

Best Miami Freight Factoring Companies

Best Oakland Freight Factoring Companies

Best Tulsa Freight Factoring Companies

Best Minneapolis Freight Factoring Companies

Best Cleveland Freight Factoring Companies

Best Wichita Freight Factoring Companies

Best Arlington Freight Factoring Companies

Best New Orleans Freight Factoring Companies

Best Bakersfield Freight Factoring Companies

Best Tampa Freight Factoring Companies

Best Honolulu Freight Factoring Companies

Best Anaheim Freight Factoring Companies

Best Aurora Freight Factoring Companies

Best Santa Ana Freight Factoring Companies

Best St Louis Freight Factoring Companies

Best Riverside Freight Factoring Companies

Best Corpus Christi Freight Factoring Companies

Best Pittsburgh Freight Factoring Companies

Best Lexington Fayette Freight Factoring Companies

Best Anchorage Freight Factoring Companies

Best Stockton Freight Factoring Companies

Best Cincinnati Freight Factoring Companies

Best St Paul Freight Factoring Companies

Best Toledo Freight Factoring Companies

Best Newark Freight Factoring Companies

Best Greensboro Freight Factoring Companies

Best Plano Freight Factoring Companies

Best Henderson Freight Factoring Companies

Best Lincoln Freight Factoring Companies

Best Buffalo Freight Factoring Companies

Best Fort Wayne Freight Factoring Companies

Best Jersey Freight Factoring Companies

Best Chula Vista Freight Factoring Companies

Best Orlando Freight Factoring Companies

Best St Petersburg Freight Factoring Companies

Best Norfolk Freight Factoring Companies

Best Chandler Freight Factoring Companies

Best Laredo Freight Factoring Companies

Best Madison Freight Factoring Companies

Best Durham Freight Factoring Companies

Best Lubbock Freight Factoring Companies

Best Winston Salem Freight Factoring Companies

Best Garland Freight Factoring Companies

Best Glendale Freight Factoring Companies

Best Hialeah Freight Factoring Companies

Best Reno Freight Factoring Companies

Best Baton Rouge Freight Factoring Companies

Best Irvine Freight Factoring Companies

Best Chesapeake Freight Factoring Companies

Best Irving Freight Factoring Companies

Best Scottsdale Freight Factoring Companies

Best North Las Vegas Freight Factoring Companies

Best Fremont Freight Factoring Companies

Best Gilbert Town Freight Factoring Companies

Best San Bernardino Freight Factoring Companies

Best Boise Freight Factoring Companies

Best Birmingham Freight Factoring Companies

Best Rochester Freight Factoring Companies

Best Richmond Freight Factoring Companies

Best Spokane Freight Factoring Companies

Best Des Moines Freight Factoring Companies

Best Modesto Freight Factoring Companies

Best Fayetteville Freight Factoring Companies

Best Tacoma Freight Factoring Companies

Best Oxnard Freight Factoring Companies

Best Fontana Freight Factoring Companies

Best Columbus Freight Factoring Companies

Best Montgomery Freight Factoring Companies

Best Moreno Valley Freight Factoring Companies

Best Shreveport Freight Factoring Companies

Best Aurora Freight Factoring Companies

Best Yonkers Freight Factoring Companies

Best Akron Freight Factoring Companies

Best Huntington Beach Freight Factoring Companies

Best Little Rock Freight Factoring Companies

Best Augusta Freight Factoring Companies

Best Amarillo Freight Factoring Companies

Best Glendale Freight Factoring Companies

Best Mobile Freight Factoring Companies

Best Grand Rapids Freight Factoring Companies

Best Salt Lake City Freight Factoring Companies

Best Tallahassee Freight Factoring Companies

Account Receivable Factoring

Account Receivable Finance

Account Receivable Financing

Account Receivable Funding

Account Receivables Factoring

Account Receivables Financing

Accounts Receivable Buyers

Accounts Receivable Factor

Accounts Receivable Factoring

Accounts Receivable Factoring Companies

Accounts Receivable Factoring Rates

Accounts Receivable Financing

Accounts Receivable Financing Companies

Accounts Receivable Financing Rates

Accounts Receivable Lending

Accounts Receivable Loans

Accounts Receivables Finance

Accounts Receivables Lending

An Accounts Receivables Loan

Best Factoring Companies

Best Factoring Companies For Small Businesses

Best Invoice Factoring Company

Best Rated Factoring Companies

Business Accounts Receivable Loans

Buy Accounts Receivable

Buy Receivables

Commercial Factoring

Construction Factoring Companies

Factoring

Factoring Broker

Factoring Brokers

Factoring Business

Factoring Companies Brokers

Factoring Companies Reviews

Factoring Company

Factoring Company Rates

Factoring Finance

Factoring Financial Services

Factoring Financing

Factoring Funding

Factoring Invoice

Factoring Invoices

Factoring Loan

Factoring Loans

Factoring Receivables

Factoring Receivables Companies

Factoring Service

Factoring Services

Factoring Small Business

Find The Best Factoring Companies

Government Invoice Factoring Companies

Healthcare Factoring Companies

How Does Freight Factoring Work

Invoice Discounting

Invoice Factoring

Invoice Factoring Broker

Invoice Factoring Companies

Invoice Factoring Rates

Invoice Factoring Reviews

Invoice Factoring Services

Invoice Financing

Invoice Funding

Largest Factoring Companies

Largest Freight Factoring Companies

List Of Factoring Companies

Medical Factoring Companies

Medical Staffing Factoring

Oilfield Factoring Companies

Oilfield Services Factoring

Oilfield Services Factoring Companies

Payroll Factoring Companies

Payroll Funding For Staffing Companies

Receivable Factoring

Receivable Factoring Companies

Receivable Factoring Rates

Receivable Financing

Receivable Funding

Receivable Lending

Receivable Loan

Receivables Factoring

Receivables Factoring Companies

Receivables Factoring Rates

Receivables Factoring With Recourse

Sale Of Accounts Receivable

Sale Receivables

Sell Account Receivables

Sell Receivables

Sell Your Accounts Receivable

Staffing Agency Factoring Companies

Staffing Factoring

Staffing Factoring Companies

Temporary Staffing Payroll Services

Top Factoring Companies

Top Invoice Factoring Companies

Top Rated Factoring Companies

New York Oilfield Factoring Services for Trucking businesses

We understand the oil and gas industry and know the challenges that oilfield service providers face. We provide oilfield factoring services for many types of businesses in the Permian Basin and Eagle Ford Basin and nationwide including the following:

• Acidifying

Most of the energy consumed in the United States comes from fossil fuels (petroleum, coal, and natural gas). These fossil fuels and crude oil-based petroleum products are the major sources of energy used in the United States.What is crude oil and what are petroleum products?

Crude oil is a mixture of hydrocarbons that formed from plants and animals that lived millions of years ago. Crude oil is a fossil fuel, and it exists in liquid form in underground pools or reservoirs, in tiny spaces within sedimentary rocks, and near the surface in tar (or oil) sands. Petroleum products are fuels made from crude oil and other hydrocarbons contained in natural gas. Petroleum products can also be made from coal, natural gas, and biomass.Products made from crude oil

After crude oil is removed from the ground, it is sent to a refinery where different parts of the crude oil are separated into useable petroleum products. These petroleum products include gasoline, distillates such as diesel fuel and heating oil, jet fuel, petrochemical feedstocks, waxes, lubricating oils, and asphalt.A U.S 42-gallon barrel of crude oil yields about 45 gallons of petroleum products in U.S. refineries because of refinery processing gain. This increase in volume is similar to what happens to popcorn when it is popped.The United States is one of the largest crude oil producers

U.S. refineries obtain crude oil produced in the United States and in other countries. Different types of companies supply crude oil to the world market.Where is U.S. crude oil produced?

Crude oil is produced in 32 U.S. states and in U.S. coastal waters. In 2017, about 65% of total U.S. crude oil production came from five states:

• Texas—38%
• North Dakota—11%
• Alaska—5%
• California—5%
• New Mexico—5%


In 2017, about 18% of U.S. crude oil was produced from wells located offshore in the federally administered waters of the Gulf of Mexico.

Although total U.S. crude oil production generally declined between 1985 and 2008, annual production increased from 2009 through 2015. Production declined slightly in 2016 and increased in 2017. More cost-effective drilling technology helped to boost production, especially in Texas, North Dakota, Oklahoma, New Mexico, and Colorado.

What is natural gas?

Natural gas is a fossil energy source that formed deep beneath the earth's surface. Natural gas contains many different compounds. The largest component of natural gas is methane, a compound with one carbon atom and four hydrogen atoms (CH4). Natural gas also contains smaller amounts of natural gas liquids (NGL; which are also hydrocarbon gas liquids), and nonhydrocarbon gases, such as carbon dioxide and water vapor. We use natural gas as a fuel and to make materials and chemicals.How did natural gas form?

Millions to 100’s of millions of years ago and over long periods of time, the remains of plants and animals (such as diatoms) built up in thick layers on the earth’s surface and ocean floors, sometimes mixed with sand, silt, and calcium carbonate. Over time, these layers were buried under sand, silt, and rock. Pressure and heat changed some of this carbon and hydrogen-rich material into coal, some into oil (petroleum), and some into natural gas.Where is natural gas found?

In some places, natural gas moved into large cracks and spaces between layers of overlying rock. The natural gas found in these types of formations is sometimes called conventional natural gas. In other places, natural gas occurs in the tiny pores (spaces) within some formations of shale, sandstone, and other types of sedimentary rock. This natural gas is referred to as shale gas or tight gas, and it is sometimes called unconventional natural gas. Natural gas also occurs with deposits of crude oil, and this natural gas is called associated natural gas. Natural gas deposits are found on land and some are offshore and deep under the ocean floor. A type of natural gas found in coal deposits is called coalbed methane.How do we find natural gas?

The search for natural gas begins with geologists who study the structure and processes of the earth. They locate the types of geologic formations that are likely to contain natural gas deposits.Geologists often use seismic surveys on land and in the ocean to find the right places to drill natural gas and oil wells. Seismic surveys create and measure seismic waves in the earth to get information on the geology of rock formations. Seismic surveys on land may use a thumper truck, which has a vibrating pad that pounds the ground to create seismic waves in the underlying rock. Sometimes small amounts of explosives are used. Seismic surveys conducted in the ocean use blasts of sound that create sonic waves to explore the geology beneath the ocean floor.If the results of seismic surveys indicate that a site has potential for producing natural gas, an exploratory well is drilled and tested. The results of the test provide information on the quality and quantity of natural gas available in the resource.Drilling natural gas wells and producing natural gas

If the results from a test well show that a geologic formation has enough natural gas to produce and make a profit, one or more production (or development) wells are drilled. Natural gas wells can be drilled vertically and horizontally into natural gas-bearing formations. In conventional natural gas deposits, the natural gas generally flows easily up through wells to the surface.In the United States and in a few other countries, natural gas is produced from shale and other types of sedimentary rock formations by forcing water, chemicals, and sand down a well under high pressure. This process, called hydraulic fracturing or fracking, and sometimes referred to as unconventional production, breaks up the formation, releases the natural gas from the rock, and allows the natural gas to flow to and up wells to the surface. At the top of the well on the surface, natural gas is put into gathering pipelines and sent to natural gas processing plants.Natural gas is processed for sale and consumption

Natural gas withdrawn from natural gas or crude oil wells is called wet natural gas because, along with methane, it usually contains NGL—ethane, propane, butanes, and pentanes—and water vapor. Wellhead natural gas may also contain nonhydrocarbons such as sulfur, helium, nitrogen, hydrogen sulfide, and carbon dioxide, most of which must be removed from natural gas before it is sold to consumers. From the wellhead, natural gas is sent to processing plants where water vapor and nonhydrocarbon compounds are removed and NGL are separated from the wet gas and sold separately. Some ethane is often left in the processed natural gas. The separated NGL are called natural gas plant liquids (NGPL), and the processed natural gas is called dry, consumer-grade, or pipeline quality natural gas. Some wellhead natural gas is sufficiently dry and satisfies pipeline transportation standards without processing. Chemicals called odorants are added to natural gas so that leaks in natural gas pipelines can be detected. Dry natural gas is sent through pipelines to underground storage fields or to distribution companies and then to consumers.In places where natural gas pipelines are not available to take away associated natural gas produced from oil wells, the natural gas may be reinjected into the oil-bearing formation, or it may be vented or burned (flared). Reinjecting unmarketable natural gas can help to maintain pressure in oil wells to improve oil production.Coalbed methane can be extracted from coal deposits before or during coal mining, and it can be added to natural gas pipelines without any special treatment.Most of the natural gas consumed in the United States is produced in the United States. Some natural gas is imported from Canada and Mexico in pipelines. A small amount of natural gas is also imported as liquefied natural gasThe United States used about 27 trillion cubic feet (Tcf) of natural gas in 2017, the equivalent of 28 quadrillion British thermal units (Btu) and 29% of total U.S. primary energy consumption.Natural gas use by U.S. consuming sectors by amount and share of total U.S. natural gas consumption in 2017

• Industrial—9.51 Tcf—35
• Electric power—9.25 Tcf—34%
• Residential—4.41 Tcf—16%
• Commercial—3.16 Tcf—12%
• Transportation—0.77 Tcf—3%


How natural gas is used in the United States

Most U.S. natural gas use is for heating buildings and generating electricity, but some consuming sectors have other uses for natural gas.The industrial sector uses natural gas as a fuel for process heating, in combined heat and power systems, and as a raw material (feedstock) to produce chemicals, fertilizer, and hydrogen. In 2017, the industrial sector accounted for about 35% of U.S. natural gas consumption, and natural gas was the source of about 31% of the U.S. industrial sector's total energy consumption.The electric power sector uses natural gas to generate electricity. In 2017, the electric power sector accounted for about 34% of U.S. natural gas consumption, and natural gas was the source of about 26% of the U.S. electric power sector's energy consumption. Most of the electricity produced by the electric power sector is sold to and used by the other U.S. consuming sectors, and that electricity use is included in each sector’s total energy consumption. The other consuming sectors also use natural gas to generate electricity, and nearly all of this electricity is used by the sectors themselves.The residential sector uses natural gas to heat buildings and water, to cook, and to dry clothes. About half of the homes in the United States use natural gas for these purposes. In 2017, the residential sector accounted for about 16% of U.S. natural gas consumption, and natural gas was the source of about 23% of the U.S. residential sector's total energy consumption. The commercial sector uses natural gas to heat buildings and water, to operate refrigeration and cooling equipment, to cook, to dry clothes, and to provide outdoor lighting. Some consumers in the commercial sector also use natural gas as a fuel in combined heat and power systems. In 2017, the commercial sector accounted for about 12% of U.S. natural gas consumption, and natural gas was the source of about 18% of the U.S. commercial sector's energy consumption.The transportation sector uses natural gas as a fuel to operate compressors that move natural gas through pipelines and as a vehicle fuel in the form of compressed natural gas and liquefied natural gas. Nearly all vehicles that use natural gas as a fuel are in government and private vehicle fleets. In 2017, the transportation sector accounted for about 3% of total U.S. natural gas consumption. Natural gas was the source of about 3% of the U.S. transportation sector's energy consumption in 2017, of which 94% was for natural gas pipeline and distribution operations.Where natural gas is used

Natural gas is used throughout the United States, but five states accounted for about 38% of total U.S. natural gas consumption in 2017:

• Texas—14.3%
• California—7.8%
• Louisiana—5.9%
• Florida—5.1%
• Pennsylvania—4.7%


Choose a U.S. State Alabama oilfields

Alaska oilfields

Arizona oilfields

Arkansas oilfields

California oilfields

Colorado oilfields

Connecticut oilfields

Delaware oilfields

Florida oilfields

Georgia oilfields

Hawaii oilfields

Idaho oilfields

Illinois oilfields

Indiana oilfields

Iowa oilfields

Kansas oilfields

Kentucky oilfields

Louisiana oilfields

Maine oilfields

Maryland oilfields

Massachusetts oilfields

Michigan oilfields

Minnesota oilfields

Mississippi oilfields

Missouri oilfields

Montana oilfields

Nebraska oilfields

Nevada oilfields

New Hampshire oilfields

New Jersey oilfields

New Mexico oilfields

New York oilfields

North Carolina oilfields

North Dakota oilfields

Ohio oilfields

Oklahoma oilfields

Oregon oilfields

Pennsylvania oilfields

Rhode Island oilfields

South Carolina oilfields

South Dakota oilfields

Tennessee oilfields

Texas oilfields

Utah oilfields

Vermont oilfields

Virginia oilfields

Washington oilfields

West Virginia oilfields

Wisconsin oilfields

Wyoming oilfields

Skip to Top Back to More Trucking Factoring Companies Information.

New York Staffing Factoring Services for Trucking businesses

Who Staffing Invoice Factoring Is Right For

Because of the wide variety of positions recruited for and industries served, a staffing firm's invoices can be paid at unpredictable times. Payroll receivable factoring helps staffing companies overcome their cash flow management issues. If you are a staffing company with $5,000 to $50,000 per month of outstanding invoices, receivable factoring may be the solution for you.Staffing receivable factoring is commonly used by:

- General staffing companies
- Information (IT) staffing companies
- Temporary staffing companies
- Health care staffing companies
- Human resources (HR) consulting firms
- Headhunters
For the staffing industry, payroll receivable factoring has increasingly become an important lifeline. staffing companies typically aren't paid until placements have been on the job for two weeks, and sometimes three months for executives. That's a long time to wait for the cash you need to run your business.This problem can hurt staffing companies looking to put contract workers, or temp employees, into another organization. They will typically give 30- to 90-day terms to the business they're working with, but still have to pay these workers in the meantime. However, it can also hurt large executive recruiting firms who often work on a small retainer before they even know if they'll be paid.Some executive firms may not be able to use staffing receivable factoring until after they've placed an employee, but all temp agencies will be able to use a staffing receivable factoring product as soon as they place workers. Either way, staffing receivable factoring has become a lifeline for the industry to help them keep their expenses in check while they wait for their customers to pay.

About The Staffing Industry

5 Benefits of Using a Staffing Agency to Improve Quality of New Hires

1. Focus

Working with a staffing agency allows your team to stay focused on the tasks and tactics that make your business most profitable. With fewer tasks to be completed in-house, distractions are minimized. Let a staffing agency do the busy work of filling your candidate funnel and eliminating those who are not qualified or who are not likely to be a good fit for your company's culture.2. Expert Advice

staffing agency recruiters are trained and experienced experts who can efficiently sift through the hundreds - or even thousands - of responses your job posting may solicit and bring you a short list for consideration. What's more, their insights about candidates or their resumes can be invaluable in helping you decide which candidates should make the cut and move on to an interview.3. Better-Informed Candidates

Few things are more frustrating within the recruiting and hiring process as moving a candidate all the way through the process to the point of making an offer, only to discover that they had unrealistic expectations about the job, its salary range or responsibilities. One of the benefits of using a staffing agency is that they give candidates information about your company and the position ahead of time, so that candidates who want to self-select out of the process for any reason can do so, saving you time and resources in the process.4. Pre-Screened for the Fast Track

Recruiting and hiring processes can take months! You can short-cut the process by working with staffing companies who have already recruited, interviewed and pre-screened candidates who can be in place within a day or two, instead of weeks or months.5. Try Before You Buy Options

Having the ability to work with candidates on a trial basis as temporary employees placed through a staffing agency gives you the opportunity to bring in top talent and see how they fit within the team and perform without making a long-term commitment. It can be equally positive for candidates themselves as they have a chance to find out whether the job and your corporate culture is a good fit for them. If you have experienced the pain and high cost of making a bad hire, this reason alone might make the benefits of using a staffing agency preferable to doing the recruiting and hiring yourself.Benefits of Using a Staffing Agency: Calculating the Cost of a New Hire

The cost of a new hire is far greater than the cost of posting position openings or running a new hire screening, and not all of those costs can be measured in dollars. For instance, how can you calculate the negative impact of turnover on an understaffed department, or time lost to productivity when new hires are shadowing other employees?If you are trying to come up with the real cost of recruiting and hiring in your organization in order to weigh the benefits of using a staffing agency against completing the work in-house, here are some costs to consider:

- Time spent writing job post ad copy
- Time spent researching job boards, social networks and publications for placements
- Cost of placing position openings in print and online job boards
- Time spent reviewing submissions, monitoring all placement channels and responding to applicants
- Resources (time, money and materials) spent on written responses to applicants
- Time spent doing pre-interview phone screenings and setting up interviews
- Time spent conducting interviews and lost productivity for interview participants
- Time spent conducting reference checks
- Time and resources spent on pre-employment screening/s
- Food, beverages, lodging or travel costs
- Cost of reimbursement for parking or transportation
It's a lot! When you begin to tally up the cost of time spent on-boarding new hires, doing paperwork, setting up payroll and benefits, completing training and lower productivity while they get up to speed, you can begin to understand the high cost of employee turnover and better appreciate the benefits of using a staffing agency, especially when it comes to improving the cost of new hires.

Staffing Industry Statistics

The staffing, recruiting, and workforce solutions industry makes a vital contribution to the U.S. economy, and provides outstanding job and career opportunities for nearly 17 million employees per year. Click on the tabs below to see the facts and statistics for staffing companies and employees.

In the U.S., there are about 20,000 staffing and recruiting companies, which altogether operate around 39,000 offices. Approximately 55% of companies and 74% of offices are in the temporary and contract staffing sector of the industry.

Staffing companies offer a wide range of employment-related services, predominantly

 Temporary and contract staffing
 Recruiting and permanent placement
 Outsourcing and outplacement
Human resource consultingThe staffing industry in the U.S. - Statistics

Staffing firms operate within the business services industry, finding workers for client companies. Unlike recruitment companies, staffing companies primarily deal with temporary and contract job positions, although not necessarily exclusively. Staffing firms find temporary employees to fill job positions for client companies which require staff for short term work assignments. These positions, which are usually for lower skilled jobs, have vacancies available for a variety of reasons, such as, maternity leave, short term projects or periods of high demand in the company. Despite the candidate working within a client company, they often remain an employee of the staffing agency. This is not the case in all positions, as the employee may go on to be hired permanently by the client company.

The global staffing industry generated 428 billion U.S. dollars in 2016. In that same year, the United States' staffing and recruiting industry sales reached 150 billion U.S. dollars, 85 percent of which was generated in the temporary and contract employment sector. In the United States, temporary and contract employment totaled 14.5 million in 2016, down from 15.6 million in 2015, the highest employment figure recorded since the year 2000. While employment figures have been sporadic between 2000 and 2016, the average length of temporary and contract assignments have generally risen over the period from 9.7 weeks in 2000 to 11.5 weeks in 2016.

How Staffing Agencies Work

How can businesses and job hunters cut through the red tape of the hiring process? Many use an employment agency to alleviate the process. An employment agency is a firm hired by a company to help with its staffing needs. Employment agencies find people to fill all kinds of jobs, from temporary to full-time, in a number of career fields. Whether a company needs a nurse, an administrative assistant, a manager or a carpenter, an employment agency can find the right employee.

Both public and private employment agencies help place workers. In the United States, one of the major public employment agencies is the U.S. Department of Labor Employment and Training Administration. This agency provides job-seeking services and tools for workers through online resources and a network of offices around the country. It promotes public and private sector jobs by linking to national and state job banks.Private employment agencies also help place workers, particularly in the private sector. These employment agencies tend to specialize in one of three fields:

- personnel placement services
- staffing services, also known as temporary help services
- executive search firms

All told, these staffing companies put millions of people to work every day. In fact, in the temporary and contract industry, over two million people are employed by staffing companies every business day, and staffing companies hire 8.6 million temporary and contract employees every year So, what do these employment agencies actually do?

Read on to find out why they're an invaluable resource for both employers and employees. For employers, an employment agency can take the grunt work out of human resources. Filling an open position takes time and money. Estimates are that hiring a worker can cost 7 to 20 percent of that position's salary and take 30 to 45 days to fill. That can be pretty taxing to some companies, so it's worth their while to farm out the hiring process to a recruiter at an employment agency.When a business needs a specific person for a job, it'll contract with a personnel placement services firm, also called a recruiter. The recruiter handles the search process and matches up an employee with the job in question, lining up potential candidates who interview with the company.For senior-level management positions, a company may choose to hire an executive search firm, also known as a headhunter. An executive search firm works under a retainer agreement from the hiring company and uses a set code of standards to identify and place workers in these highly visible positions.When a company just needs a vacation fill-in or someone to work for a few months, it uses a staffing agency. Staffing agencies provide skilled employees to work on a temporary or contract basis. Some employers also use staffing agencies as recruiters in positions known as """"temp to perm,"""" meaning the position is temporary, but it could lead to a permanent position if the worker and company are a good fit.What is a staffing agency?

Also known as employment agencies or recruitment firms, staffing agencies employ recruiters who work on behalf of employers looking to fill positions or workers hoping to find positions. These positions range in levels from entry level to executive level and often require specific skills and knowledge. The staffing firm's job is to find qualified candidates on behalf of a company or, in the case of representing workers seeking jobs, appropriate positions for the candidate.Many staffing companies specialize in a particular industry, experience level, or type of work. The work may be temporary, part-time, short-term, or full time.Medical staffing agency

Since healthcare is a high-demand industry with busy periods and fluctuations in labor, many staffing agencies specialize in filling positions for medical personnel. Medical staffing agencies may further specialize in a particular profession, such as nursing, or type of position, such as temporary or permanent. Others staff a wide range of positions, including registered vocational, and practical nurses; physical, occupational, and speech therapists; OR, ER, CT, and radiation technicians; social workers; home health aids; administrative and office personnel; and many others.Some staffing companies do hire physicians although not as frequently as other medical professions.Engineering staffing agencies

As with medical staffing companies, engineering staffing companies specialize in filling positions in a high-demand field—in this case, of course, engineering. Staffing agencies may focus on specific niches or types of engineering or cover a range of fields, such as aerospace, agricultural, biomedical, chemical, civil, computer and software, electrical, environmental, industrial, manufacturing, mechanical, nuclear, pharmaceutical, project, solar, structural, systems, and telecommunication, among many other specialties.

Staffing agency vs. temp agency

While many people confuse the two terms, a temp agency is actually a type of staffing agency specializing in temporary work. Temp agencies exclusively find employees to fill short-term positions, many of which arise at a moment's notice because of illnesses, maternity leave, and other absences. Employers may also engage temp agencies to find extra help during busy seasons. For instance, a department store may hire extra workers during the holiday season and use a temp agency to find temporary employees.Meanwhile, a staffing agency may find temporary positions and workers, but employers and professionals may also use one to find longer-term work depending on the needs of the client.

How do staffing agencies work?

Employers

As an employer, you will look for a staffing agency that specializes in or covers your industry. In your initial meeting, you'll share the requirements for the job and any other needs you'd like to specify.The staffing agency will then create a job description based on your input and share it across several channels, including their own website and other job boards. Depending on the nature of the work, representatives may also actively recruit candidates from LinkedIn and other professional channels.Once the staffing agency has located appropriate candidates, the recruiter will perform one or more screening interviews and narrow down the pool further. Again, depending on whether the work is temporary or permanent and other qualifications, you may ask the agency to conduct the entire hiring process, or you may choose to interview the candidates yourself as well. Either way, you will be involved in the hiring process and will have the ultimate say over which candidate is selected.In the case of positions that are temporary or temp-to-hire (the company hires the employee on a temporary basis but will consider hiring her for a more permanent position if it works out), the staffing agency usually handles the entire recruitment and interviewing process. For permanent positions, the staffing agency generally functions like a traditional recruitment agency and finds and screens candidates for the employer to interview.If the position is temporary, the agency will pay the worker directly. If the position is permanent or becomes permanent, the employer will handle or take over payroll for the employee.

"""


Skip to Top Back to More Trucking Factoring Companies Information.


We provide New York City Factoring Companies services for companies and industries
in every state including 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

You Can Find More Information at gitfex.com
and at factoringtruckinvoice.com

Contact

Why A Factoring Company

Factoring Company History

Credit Risk

Switching Factoring Companies


How a Factoring Company works

Is A Factoring Company For You

Factoring Company Benefits

City State Sitemap

City Sitemap

State Sitemap

Trucking Industry Sitemap

xml Sitemap

Call Us Today at:
1-888-239-9162 Facebook Twitter LinkedIN Instagram

Skip to Top Back to More New York City Companies Information.

TAGS:Factoring Companies It New York City Works at 

<<< Thank you for your visit >>>

New York City Factoring Companies- Basically, factoring companies purchase the invoices right on the spot so you can have cash on hand immediately instead of waiting up to three months. For healthcare staffing factoring companies, they will then collect the money from the business when the invoice is read to be fully paid. It really worked out for me because I was able to get cash quickly to add new personnel and even expand my offices to include another section of the building I was renting in- New York City Factoring Companies at gitfex.com- Factoring Transportation Brokers-serving companies in New York City , New York

Websites to related :
Harmony Hollow Software

　　keywords:
description:
"Like" us on Facebook and put your savvy social media skills to work. HomeProduc

Newssunglass : New Oakley Sungla

　　keywords:
description:Buy Top quality sunglasses from china shop,new oakley sunglasses,cheap ran ban sunglasses outlet online with wholesale prices.
W

Ok-ukshop : Oakley Store

　　keywords:
description:Oakley Store : - Oakley 2013 Limited Sunglass Oakley Active Sunglass Oakley Asian Fit Sunglass Oakley Crankcase Sunglass Oakley

NJ HiRailers

　　keywords:
description:
Home PageWhat's NewIn MemoriumAbout UsUseful LinksMembersDirectionsShow DatesPhotosMembers PageWebCamsLionel Ambassador Program

plastic molding metal manufactur

　　keywords:
description:
About us>Home sales@viewmold.com Viewmold instruction

Scan Hi-Tech ให้บริการ

　　keywords:
description:
menu account_circle เข้าสู่ระบบ

Black Women White Men | White Wo

　　keywords:black women white men, white women black men, black white dating, black and white dating site, interracial dating site, white men looking for

The Daily Caller

　　keywords:
description:The Daily Caller is a 24-hour news publication providing its audience with original reporting, thought-provoking commentary and

Goldhirsh Foundation

　　keywords:foundation, innovation, innovator, sustainability, activation, opportunity, goldhirsh
description:

Dönberg Electronics - Electroni

　　keywords:Passive Components,Laser Units,Mechanical Components,Inverters,Semiconductors,Audio Spares,Remote Controls,Video Spares,Workshop Accessories,

ads

Hot Websites

WHY YOU SHOULD Be listed

Matt Cutts, a software engineer and former head of the web spam team at Google, stated back in 2012 that "spammy directories" are disregarded while those who "excercise editorial discretion" worth it. Even though countless business directories litter the internet, they won't all offer a positive change. Don't take unneeded risks and suggest your website to one that Google loves!

Email: liunxqq$$$126.com ($$$=@) ie websites |