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Cash For Companies. Tell Us What You Want - Our Invoice Factoring Company Can Give
Your Freight Company The Money You Need

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Trucking Factoring is helpful for a number of factors. It enables a trucking company to raise money without acquiring brand-new financial obligation. While debt is sometimes essential, the majority of freight broker firm would prefer to raise money without borrowing money. Financial obligation is high-risk, and when it cannot be repaid, possessions can be repossessed. If the debt is big enough, it might even require a truck companies out of business.

 

 

 

 

 

 

 

Only Companies with imagination can take it - Pick A Factoring Company Instead Of A Typical Bank Funding

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

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

Cash flow does not have to be an issue any more. Do not be fooled -- banks are not the only places you can get financing. Other solutions are available and you do not have to borrow. What is trucking factoring ? One option is called truck factoring. Trucking Factoring is the process of offering invoices to a financier instead of waiting to gather the cash from the client. Oh, the Irony- Truck factoring has an ironic difference: It is the financial foundation of numerous of America's most successful companies. Why is this paradoxical ? Because accounts receivable factoring is not instructed in business colleges, is rarely discussed in business strategies and is relatively unknown to bulk of most of American company people.

Yet it is a monetary process that frees billions of dollars every year, enabling thousands of companies to grow and succeed. Receivable Loan Financing has been around for thousands of years. Receivable Financing Companies are investors who pay cash for the right to receive the future payments on your invoices. An overdue receivable or invoice has value. It is a debt your client has actually agreed pay in the near future. Factoring Principals--Although factoring offers solely with business-to-business deals, a big percentage of the retail company uses a factoring principal. MasterCard, Visa, and American Express all utilize a form of factoring in their retail deals. Using the purest definition of the word, these big consumer finance business are truly just large Receivable Funding Businesses of consumer paper. Consider it: You make a purchase at Sears and charge it to your MasterCard. The shop gets paid practically immediately, although you do not pay up until you are ready.

For this service, the charge card business charges XYZ Store a charge (typical common normal charges range from 2 to 4 percent of the sale). The Advantages Accounts Receivable Factoring can provide numerous benefits to cash-hungry business. Rather than wait 30, 60, 90 days or longer for payment on a product that has actually already been provided, a business can factor (sell) its receivables for money at a little discount off the amount of the invoice. Payroll, advertising efforts, and working capital are simply a few of the business requirements that can be satisfied with instant  cash.

Invoice Factoring provides the ways for a manufacturer to replenish inventory and make more items to sell: There is no longer a need to wait for earlier sales to be paid. Receivable Loan Financing is not just a money management device for manufacturers: Practically any type business can take advantage of Trucking Factoring. Generally, a business that extends credit will have 10 to 20 percent of its annual sales tied up in accounts receivable at any given time. Think for a minute about exactly how much is tied up in 60 days' worth of invoices: You can not pay the power bill or this week s payroll with a client s invoice, however you can sell that invoice for the cash to meet those responsibilities. Using trucking factoring companies is a quick and simple procedure. The factoring company buys the invoice at a discount, usually a few portion points less than the face value of the invoice.

 

 

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"

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

"

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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Oklahoma

 

The American Transportation Association
mentions that there around
195,000 truck drivers with freight trucking
businesses and
276,000 personal providers trucking
firms licensed to
operate in America that carried,
according to their latest data of millions
products, materials and
basic materials .
There are a number of typical
providers either going solo or in
teams on our nation
roads carrying these
crucial items to our
stores, factories and shipping ports.

And trucking factoring
firms help
several of them and offer their
receivable loan services
nationallycounting
including the following states.

: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho State, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming

 

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

 

 

 

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

 

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

 

Life of a Truck driver, like many other professionals can be very challenging, rewarding, and frustrating at the same time. �The com� is an information site for many of the Truckers needs. It is designed to encompass the needs of the Trucker, both on the Road and at Home.

List of Trucking Companies for Owner/Operators and Company Drivers

 

Click below to find Trucking Companies in the United States:

Trucking Companies serving to/from points within the United States,
categorized by services offered. United States Trucking
Companies will be listed under all categories in which they provide specified Trucking Services.
To find companies offering specific Trucking Services in the United States, click on the list of services below.

Life of a Truck driver, like many other professionals can be very challenging, rewarding, and frustrating at the same time. �The com� is an information site for many of the Truckers needs. It is designed to encompass the needs of the Trucker, both on the Road and at Home.

List of Trucking Companies for Owner/Operators and Company Drivers

 

Click below to find Trucking Companies in the United States:

Trucking Companies serving to/from points within the United States,
categorized by services offered. United States Trucking
Companies will be listed under all categories in which they provide specified Trucking Services.
To find companies offering specific Trucking Services in the United States, click on the list of services below.

 

"

Since the mid 1980s Lopez Truck & Haul have been successfully running their freight business. For more than twenty years they've been delivering goods for most major industries in the nation, with business booming as they traversed the country, in all kinds of weather, for all kinds of clients. During the heady times from 2002 to 2007, Lopez was a top rated accounts receivable mastermind of the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. The money was flowing, and times were great.But a short year later, in the fall of 2008, when the United States economy took a nosedive and businesses both small and large began to feel the pinch on their pocketbooks, those that used to make their demands had suddenly and largely gone silent. Business slowed down. Worse still, it was noticed by Lopez in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. Spring changed to summer, summer changed to fall, and the CEO of Lopez, Scott Rice, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The number of clients who were late in their payments was continuing to grow.He had already been to the administrators to ask what the actual problem was. Were they doing things different, or wrong, when it came to collecting overdue accounts? When checking his bookkeeper's records this was definitely not the case. He thought perhaps that he was losing clients to a competitor who offered rock-bottom prices with little to no guarantee of quality performance, and that the folks who owed Lopez money had jumped ship and decided to leave him holding the bag.

 

. They could not afford to pay him their debt, but they could afford a lesser service, maybe. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Lopez hadn't gone elsewhere. The had just gone!.This current state-of-affairs was causing Scott Rice to have some very restless nights. There were goods to ship, employees to pay, trucks to repair and maintain, and continuous overheads that were very extensive when compared to the funds (or lack of) that were incoming. After work he would confide in his wife, Amy, and neither were unable to stop the constant worry over the lack of funds.""I have a bad feeling, Lin,"" he'd sadly say to his wife.""Well, what do you think it is?"" she would ask.Scott would stare off into the distance, and then slowly close his eyes. In his mind he could clearly see the fleet of trucks purchased over the many years. He could see them traveling, bringing goods to all of his clients. But then a haze would cover his trucks and his vast fleet would vanish to leave just a few. What could cause this ultimate death spiral of business?""I know what it is,"" said Scott. ""I've relied too long on the profits I receive from invoices alone. For too long I've been allowing our clients to let their accounts become overdue."" Linda could only grab her husband's hand and look at him lovingly, ""it is a hard economy. It might be awhile until things get settled up.

 

""Scott knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds.The following day Scott walked into his office with a spring in his step, determined to call each and every client who owed money to Lopez Truck & Haul. This wasn't really a very efficient way for a Chief Executive to spend his day, and Scott knew he should be overseeing all the other sides of the business, such as shipments and deliveries, approaching prospective customers, or working with his sales team. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. A waste of time - a waste of money - he had the best intentions, but all the while Scott was realising just how much trouble he was in.Poor Scott spent the whole morning trying in vain to contact his debtors: they promised to call back, dodged his calls, or made small interest-only payments. He was beginning to feel quite despaired when his secretary knocked on his door.

 

""Scott, can I have a word?"" she asked standing in the doorway.

 

""Of course Edith, please come in."" Scott leaned back in his chair and looked expectantly at Editherely.""Well Scott, this afternoon I did some research, trying to work out how we are going to get out of this mess."" She pulled a small stack of papers from a folder and set them on the desk before him.""Have you ever heard of factoring?"" she asked.""It sounds vaguely familiar. What is it?"" he said.She began, ""Well, it is really very simple. So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Scott interrupted ""Immediately?"".""Immediately, yes"" she added, ""it is actually very simple. We can have an expert account manager review our numbers and help us complete a company profile. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It�s a broad view.""I see,� Scott said. �And then what?""Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.

 

This company tells us what the cost will be to purchase factoring for our accounts receivable. Once we arrive at a mutual agreement, the funding begins.�Scott was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Edith,"" he said.""Yes, I know; that's exactly what I thought at the beginning. But really, they have guaranteed us experts that do all the legwork, which would free us up here to focus on our clients in good standing and marketing, all that good stuff. And they're flexible Scott,"" she underlined a paragraph on the paper before him.""Just how flexible?"" he asked.""It seems that they personalize their factoring charges so that the amount they're prepared to work with is commensurate with our client's debt and our needs. Apparently they can figure this all out in two to four days.

 

""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" Scott said.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. I think this might just be a way out of the trouble we are in with these folks who owe us money.""Scott took a moment to think about this solution, and agreed with his secretary. The clients who owed them money were long standing friends and professional resources of Lopez. Scott wasn't prepared to lose these relationships just because they were having financial issues at the moment. Scott knew that the economy had taken a hit and he knew that it would probably be a long time before things started to look up again. That unknown amount of time could create a disaster situation for both of them if he wasn't careful in how these debtors were handled. Of course he did not want to lose any more money, but he did not want to lose business either.""Let me go over this tonight Edith, and thankyou."" Edith stood up and left Scott's office, with the nice feeling of knowing that she may just have solved a very serious problem.Scott stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. He wondered if there might be other problems freight factoring could help Lopez Truck & Haul with? With his pencil gliding down the sheet he noticed that the factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. In fact, Lopez could receive up to fifty-percent cash advances upon load pick-ups. Scott was a typical business man: he despised binding contracts that did not allow room to breathe, so he was pleasantly surprised to see that the factoring company did not require a long term contract, that there was no minimum volume required, and that there were no sign-up fees.""Well, I'll have to tell Philip about this,"" muttered Scott to himself.Scott's son-in-law, Philip, loved the idea behind Lopez and highly respected his father-in-law for having such great business sense, that two years ago he got his capital together and started his own transportation company. Scott knew then what struggles Philip would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Lopez was hurting, a little guy like Philip was about to catch his death. But, maybe the answer for both of them was in freight factoring, and Scott was going to find out very soon.A few short months later, after completing the application process, having the legal experts review his credit history, accounts receivable, and statements, finally Scott was beginning to find his way out of the hole his debtors had created for him.They adopted reasonable factoring purchase contracts and stopped wasting their own precious time trying to collect debts. They used that time to refocus their efforts in being competitive in new territories. Scott looked back on the dismal months of life before freight factoring and almost shuddered at the thought. He probably wouldn't be in business today had he not learned just in time about freight factoring.

 

"

 

 

 

More Trucking Factoring Companies Story Articles

"

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

 

More than forty years ago Leo's father had started this business working as an owner-operator and eventually growing Berry Trucking Company into a fifteen trailer fleet. Yes, they had survived some very difficult times when it appeared like they might go under, and even Leo's mother had jumped into the cab at times to make hauls. His father had lived long enough to witness the price of hires drop during the recession and watch the eruption of fuel prices afterwards. Now the company was solely in Leo�s hands and he wanted to live to see it in better shape for his sons.

 

There just never seemed to be enough money to go around, and certainly no spare cash, but to move his company successfully into the future he needed a steady and reliable cash flow. His employees needed to be paid. They had families and household bills too. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requests for loads of agricultural and energy equipment. He knew that turning down these requests made Berry Trucking look inefficient and weak in what was currently a strong market.

 

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

 

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

 

But was factoring the answer? There was a lot he didn�t understand about the process. It sounded a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. The factoring company gives the trucking business its payment right away which allows the business to have continuous cash flow so it can pay employees, buy fuel, and make repairs for upcoming hauls. Without the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Now it was time for Leo to do his homework. Leo had heard that there were companies that charged for same day money transfers and would only advance a percentage of the money owed to your company while holding the rest in a private account if they didn�t get their bill payment within 60 or so days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His friend Ronnie who had a trucking business in Missouri, was run nearly into the ground by a factoring company that charged him the full freight bill on top of the factoring fees. Well, what was the point of going to a factoring company if there was shady business like that going on?

 

But it turned out to be quite easy. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He didn�t mind signing an exclusive contract. In fact, he was quite pleased with the idea of a long-term contract because he knew this was a one-off and he would not have to keep going back and forth to different companies. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. Many companies offered a non-recourse factoring program that suited him just fine. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It sounded like a great scheme to him.

 

It was really refreshing dealing with the factoring people. They were extremely helpful and more personable than the bank staff. It seemed as though those bank people spoke another language, but these factoring guys knew the trucking business and spoke to him like a client, not like a beggar for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. Factoring was based on the credit of his customers and on their reliability which worked well for Leo because he and his father had built up good strong relationships over decades with their list of clients. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients would not have any problems, nor would they think poorly of Berry Trucking, because the factoring companies handle themselves in such a polite and professional manner, similar to the way his father had managed the business in the past.

 

Leo stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. With the capabilities of this new cash flow, Leo could actually expand Berry Trucking Company further across the country and perhaps even go international into Canada. His heart felt full knowing his sons wouldn�t have to worry about money because of the right decisions he had made for their trucking business.

 

"

 

 

 

 

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Trucking Factoring  Articles

"

�So, this is not a loan?� asked Ivan Payne, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�No, not exactly,� she said.Ivan was the owner of a small trucking company which had fallen on some hard times recently. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Bill. He named his business Fox Trucking, named after Russell and Raul, his two grandfathers. Both of these men had been very hardworking and had set a great example for Bill.Disaster had struck half a year ago, when two trucks in Bill�s fifteen truck fleet went down. One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. The financial security of Bill's company relied on his full fleet on fifteen being on the road, and missing two trucks was just devastating . Furthermore, buying a whole new truck and fixing the other simply took more cash than Ivan had on hand.Paying of bills in the trucking industry is always a major cause for concern for businesses.

 

Waiting a month or longer for bills to be paid was quite normal. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Ivan was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.And that's why he found himself across the desk from this woman. Ivan knew she was employed by a Factoring company and that her name was Amy. He had accidentally come across her company one night when he was working late, searching the internet to see if there was some solution to his financial dilemma.Amy explained. �It�s not a loan, we purchase your accounts receivable. we are not giving you finance to be repaid later: we are purchasing something from you, and when you can you can buy it back. This is a win-win situation: we are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Ivan agreed. It sounded good to him, almost too good.The woman laughed. �I'm not sure that you believe me,� she chuckled.�Oh no, I do: it just sounds too good to be true. I actually thought I might end up losing my business.�Amy nodded. �Yes, we get a lot of that. Listen, I�d hate to see you lose your company. We know how hard you work, and that you've invested everything in your business. We all need help sometimes. That�s what we�re here for.""Well, I'm very grateful that you came to see me today.""No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� Amy said with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Ivan filled the form out, with Amy available to help him if he needed it. The profile filled Amy and her company in on Bill�s company, and would help them determine if he was suitable for factoring. In truth, not all companies were. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. As Ivan completed his form, Amy listened to his story and she felt quite sure he would be the ideal candidate for Factoring.When the form was done Amy took it and slid it into her briefcase. Standing up, she reached over the desk and shook Bill's hand. He also stood up, and they smiled at each other. They said their goodbyes and Ivan walked her to the door, and then returned to his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He shut his eyes. He felt so drained: he had been flailing helplessly for so long, he just knew his business was going to collapse and probably take him with it. But now, after speaking to Amy and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.All those long, sleepless nights. The sudden panic attacks, not matter where he was. Already he could feel all the stress start to drain away. He knew it wasn't over yet and that there was still a way to go, but he could just feel everything start to change for him. He was still here; he knew this was the right path for him, and he felt proud that he had taken the appropriate steps to sort out his problems.Ivan couldn�t help but think back to when he had first started the business. At twenty-two and straight out of school he had opened a restaurant. It had been successful. Offering home cooking in his own hometown, his business had really prospered.But he had gotten bored. He wasn't passionate about the food industry. He thought long and hard, and then he decided to sell the restaurant. He took six months off, and during that time he decided to create Fox Trucking. So he did it. For the second time in his short life he created a company from the ground up. The business had been an instant success.And then the trucks went down, and his success looked to be in flux. He was nearing fifty. He was concerned that he just did not have the energy left to try and save the business. But he couldn�t give up. The idea of cutting his losses, shutting down, laying off his workers, it actually made him sick some nights. He didn�t know how to say quit.And now, because of factoring, he was sure he wouldn�t have to. Ivan opened his eyes, sat forward, turned his computer on. He had things to do. He could be thankful later, for now, it was time to work.

 

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More Trucking Factoring Company Story Articles

Reasons why Trucking Establishments Employ Factoring Companies.

 

As the manager of your own establishment, you may perhaps be much more than wary already of the hardship in making certain that capital matters do not become a difficulty down the line. After all, the toughest thing that can possibly transpire for your firm is to find yourself embroiled in a long and tough predicament that leaves you forever looking for the funds you are in need of on an continuing manner.

 

For virtually any enterprise in this instance, the trouble can come for waiting for work to lapse and actually be compensated into your bank account. Invoices, checks, and the like could take some time to actually to be taken care of which can easily leave you with temporary available resources problems. Fortunately, there are options out there for firms to consider-- and among these is factoring firms.

 

Factoring companies will, in trade for your bill of sales, give you with the resources asap in order that you do not have to fret about the waiting period which could make paying off the expenses and purchasing materialsmore tough. With this sort of system, invoice factoring can end up being tremendously useful for numerous establishments who need to get out of a money lure which they have gotten themselves in.

 

Considering that, depending on the size of the project, it can take up to 60 days for a number of business enterprises to get paid then it is essential to cover up your own back and not leave yourself resources short to pay the costs. After all, how many businesses have two months profits just lying there to pay for all their bills until they get paid?

 

This is most especially true of trucking enterprises. They often tend to handle tons of invoices which means a notable volume of collection period demands business owner themselves. Making an effort to get paid off promptly can end up being an incredible trouble and this is exactly why you employ trucking factoring companies who are thrilled to help out truckers particularly.

 

As most of us determine, trucking is an exceptionally massive business with countless agencies out there working with hundreds of operators. However, plenty of these drivers land up in cash issues since they are still awaiting work from six weeks in the past to actually compensate them. When this is the condition for a truck organization, turning to factoring providers for reinforcement may be the best alternative left.

 

This indicates that a truck organization can provide the wages of the staff, keep all the vehicles filled with gas and continue to surmount, thrive and expand without continually waiting for the finances which is taking too long to come in. Trucking Businesses working without a factoring program applied are leaving themselves at considerable danger, as competitors cash out rapidly and carry on to broaden.

 

There's genuinely not a thing to be stressed about when it comes to employing a Factoring contractor-- they usually are not like a banking company or a person who is going to leave you with a considerable stack of liability to pay back. You give them genuine invoices from output you have already wrapped up , you are merely quickening the repayment process.

 

In the United States, where trucking establishments flourish, factoring enterprises are not considered getting a loan in any capacity. This confidential arrangement then lets both parties to profit and experience a convenient future-- it gives the factoring business a guaranteed asset of revenue to put into the list and it offers the trucking firm the required funds that they worked hard to obtain.

 

The trucking firm bestows their statements to the factoring establishment. The trucking factoring business then collect the payments from the trucking company's clients. Factoring has been all around for centuries and has been employed for decades by numerous different business-- but none more so than truckers. While you might lose out on a small part of the money, something like 1-3 % depending on who you partner with, it means that you are getting the funds today and can actually start putting the money to operate.

 

After all, an IOU or an invoice is certainly not going to cover spendings, is it? For trucking establishments when the resources can be good one day and gone the next, it is up to the vehicle drivers to work sensibly and to ascertain they are leaving themselves with a significant volume of time and money to get through the week up until they are paid once more.

 

So the next instance your trucking enterprise is enduring some momentary capital problems and you are putting in excessive time chasing slowly paying clients, why not start off taking into consideration making use of a factoring companies as a method to get your finances and give yourself a more convenient future in the eyes of your trucking personnel and your bank dividend?

 

 

 

 

 

 

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Traditional Bank Loans

 

Bank loans are an extremely traditional way for a business to get financing. While these loans are handy they are not available to every business. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it is usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose your entire business. Plus, the amount you apply for through the bank is the actual amount that you are going to receive. Once the loan is paid off, you can then apply for another loan if the need arises.

 

Trucking Factoring Companies

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. The Trucking Factoring company purchases your accounts receivable, or part of them, for a certain percentage of their value - this is normally about 80-95%. The amount of money you can receive is based on the amount of money you have earned and the accounts receivable you are willing to �sell.� Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.

 

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

 

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

 

1. You will not Incur Debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating will not be affected. In the event that your business fails, you would not have to be concerned about someone coming after your personal or your business assets in order to pay off a loan. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.

 

2. No Collateral Required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable are being offered for financing. This means that it is easier for new businesses to access the finance they need through a Trucking Factoring company, providing their accounts receivable are in good order. A bank may believe you haven't been in business long enough to be able to cover this risk.

 

3. Receive Your Money Faster. Using a Trucking Factoring company means that you'll get the finance quicker. Once the Trucking Factoring company assures itself that the customers in your accounts receivable are likely to pay their debt, the money is usually in the account within 24 hours. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.

 

4.Interest is Paid Up Front. Unlike a bank loan that continues to build interest that you have to pay the entire time you have your business loan with a Trucking Factoring company, you do not have to continue to pay interest as they take it right off the top, deducting it from the total amount of accounts receivable. So not only are you relieved of those monthly loan payments, but you also do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

As you can see, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The main benefit is that once you've sold your accounts receivable to the Trucking Factoring company, you are free from having to collect money owed by your customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

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

 

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