Contact Us Form

or Call Us At 866-593-2195

Email Us

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home page

Profits That Lie Hidden In Your Company - Our Receivable Loan Company Can Give
Your Trucking Company The Money Your Company Needs

factorinvoices.org

factoring truck loads

factoring companies for trucking industry

factoring for trucking

transportation factoring company

Medium-Size freight businesses, specifically those who have not been around for extremely long, will frequently find it challenging to secure a loan. Banks are often reluctant to provide money to companies that do not have a lot of income and assets. They likewise want evidence of the viability of a business and hence need that the majority of operations, especially little ones, been around for a certain amount of time before they are eager to hand over any cash. Because of this, a medium-size business typically has few money producing options when needs occur. One alternative available, however frequently overlooked, is factoring. This is an outstanding method for a small business to acquire cash.

 

 

 

 

 

 

 

How To Get Financing Without a Lawyer for Under One Dollar - Choose An Invoice Factoring Company Instead Of A Typical Bank Financing

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

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

Cash flow does not have to be an issue any more. Do not be fooled -- banks are not the only locations you can get funding. Other options are offered and you do not have to borrow money. What is truck factoring ? One option is called trucking factoring. Trucking Factoring is the process of offering accounts receivable to a financier rather than waiting to collect the money from the client. Oh, the Irony- Trucking factoring has a paradoxical distinction: It is the financial foundation of numerous of America's most successful businesses. Why is this paradoxical ? Because receivable funding is not instructed in business colleges, is seldom mentioned in company plans and is relatively unknown to bulk of most of American company individuals.

Yet it is a monetary procedure that releases up billions of dollars every year, enabling thousands of companies to grow and prosper. Staffing Factoring has actually been around for thousands of years. Receivable Financing Businesses are investors who pay money for the right to receive the future payments on your invoices. An overdue receivable or invoice has value. It is a financial obligation your client has to pay in the near future. Factoring Principals--Although factoring deals exclusively with business-to-business deals, a large portion of the retail business utilizes a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail transactions. Utilizing the purest meaning of the word, these big customer finance companies are really simply big Receivable Funding Businesses of customer paper. Consider it: You purchase at Sears and charge it to your MasterCard. The store gets paid practically immediately, even though you do not pay up until you are ready.

For this service, the charge card company charges Sears a fee (typical common normal charges range from 2 to 4 percent of the sale). The Advantages Truck Factoring can offer many benefits to cash-hungry companies. Rather than wait 30, 60, 90 days or longer for payment on an item that has already been provided, a company can factor (sell) its receivables for cash at a small price cut off the dollar value of the invoice. Payroll, advertising efforts, and working capital are just a few of the company needs that can be satisfied with instant  cash.

Factoring provides the means for a manufacturer to replenish inventory and make more products to sell: There is no longer a requirement 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 benefit from Trucking Factoring. Typically, a company that extends credit will have 10 to 20 percent of its yearly 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 today s payroll with a customer s invoice, however you can sell that invoice for the money to satisfy those responsibilities. Using trucking factoring companies is a fast and simple procedure. The factoring company buys the invoice at a discount, usually a few percentage points less than the face value of the invoice.

 

 

Please call our
freight factoring specialists at
1 - 888-239-9162
or

E-mail Us
or complete the
OnLine
Trucking Factoring Request Kind

 

 

new-orleans-factoring-companies

 

The United states Transportation Association
states that there are about
200,000 work with transportation
firms and
300,000 personal providers trucking
companies licensed to
operate in the United States that transferred,
according to their most current data of millions
items, materials and
fundamental materials .
There are several common
providers either going solo or in
groups on our country
roads carrying these
vital products to our
stores, factories and shipping ports.

Also freight invoice factoring
corporations support
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

 

"

New Orleans, the largest city in Louisiana, is located in the southeast part of the state, between the Mississippi River and Lake Ponchartrain. It is coextensive with Orleans Parish.One of the few cities of the nation that has been under three flags, New Orleans has belonged to Spain, France, and the United States. The French founded it in 1718 and named it in honor of the Duke of Orleans. In 1762, France ceded the city and the territory to Spain. In 1800, the territory was returned to France, but government authorities did not take over until 1803, just 20 days before the region became part of the United States in the Louisiana Purchase.New Orleans is famous for its French Quarter, with its mixture of French, Spanish, and native architectural styles. The Mardi Gras > a week of carnival held in New Orleans before the beginning of Lent�is the most spectacular festival in the U.S. and is a popular tourist attraction. Despite Hurricane Katrina, the 2006 Mardi Gras was still scheduled to be held.New Orleans has one of the world's greatest international ports and it is a major focus of the city's economy. New Orleans is home to the corporate offices of oil companies with major offshore operations in the Gulf of Mexico, as well as the distribution and service centers of offshore equipment suppliers and fabricators. The manufacturing industry is a significant part of the economy, with petroleum, petrochemical, shipbuilding, and aerospace industries all playing a role. The New Orleans region also functions as a mining, processing, and transportation center for other minerals, principally sulfur. Service industries are playing a larger role, with health care and telecommunications leading the way. The New Orleans region is widely regarded as a leading center of medicine and health care in the South.On Aug. 29, 2005, the Category 4 Hurricane Katrina hit New Orleans, flooding the city on Aug. 30 and disabling its pumps. This was followed by the breaching of the levees holding back Lake Pontchartrain, flooding 80% of the city. Federal and local officials were widely criticized for their slow and inadequate response. A year after the disaster, many evacuees had not returned to the city and the city population had dwindled to about half of its pre-Katrina numbers.Today, New Orleans is making strides on the path toward recovery. Always hospitable, the city has opened its doors extra wide as part of the city's revitalization efforts; Mayor : ""We have hosted an unmatched string of major events in the last two years including the Championship, Final Four and Navy Week, and now we get ready to welcome the world to New Orleans for the world's biggest show""�2013's XLVII�""we couldn't be more excited.""New Orleans has one of the largest and busiest ports in the world, and metropolitan New Orleans is a center of maritime industry. The New Orleans region also accounts for a significant portion of the nation's oil refining and petrochemical production, and serves as a white-collar corporate base for onshore and offshore petroleum and natural gas production.New Orleans is a center for higher learning, with over 50,000 students enrolled in the region's eleven two- and four-year degree granting institutions. A top-50 research university, Tulane University, is located in New Orleans' Uptown neighborhood. Metropolitan New Orleans is a major regional hub for the health care industry and boasts a small, globally competitive manufacturing sector. The center city possesses a rapidly growing, entrepreneurial creative industries sector, and is renowned for its cultural tourism. Greater New Orleans, Inc. (GNO, Inc.) acts as the first point-of-contact for regional economic development, coordinating between Louisiana's Department of Economic Development and the various parochial business development agencies.PortNew Orleans was developed as a strategically located trading entrep�t, and it remains, above all, a crucial transportation hub and distribution center for waterborne commerce. The Port of New Orleans is the 5th-largest port in the United States based on volume of cargo handled, and second-largest in the state after the Port of South Louisiana. It is the 12th-largest in the U.S. based on value of cargo. The Port of South Louisiana, also based in the New Orleans area, is the world's busiest in terms of bulk tonnage. When combined with the Port of New Orleans, it forms the 4th-largest port system in volume handled. Many shipbuilding, shipping, logistics, freight forwarding and commodity brokerage firms either are based in metropolitan New Orleans or maintain a large local presence.. The largest coffee-roasting plant in the world, operated by is located in New Orleans East.Like Houston, New Orleans is located in proximity to the Gulf of Mexico and the many oil rigs that lie just offshore. Louisiana ranks fifth among states in oil production and eighth in reserves in the United States. It has two of the four Strategic Petroleum Reserve (SPR) storage facilities: West Hackberry in Cameron Parish and Bayou Choctaw in Iberville Parish. Other infrastructure includes 17 petroleum refineries, with a combined crude oil distillation capacity of nearly 2.8 million barrels per day (450,000 m3/d), the second highest in the nation after Texas. Louisiana's numerous ports include the Louisiana Offshore Oil Port (LOOP), which is capable of receiving ultra large oil tankers. Given the quantity of oil importing,. Several major energy companies have regional headquarters in the city or its suburbs, Numerous other energy producers and oilfield services companies are also headquartered in the city or region, and the sector supports a large professional services base of specialized engineering and design firms, as well as an term office for the federal government's Minerals Management Service.BusinessThe city is the home to a single Fortune 500 company: Entergy, a power generation utility and nuclear powerplant operations specialist. In the wake of Hurricane Katrina, the city lost its other Fortune 500 company, Freeport-McMoRan, when it merged its copper and gold exploration unit with an Arizona company and relocated that division to Phoenix, Arizona. Its McMoRan Exploration affiliate remains headquartered in New Orleans. Tourism is another staple of the city's economy. Perhaps more visible than any other sector, New Orleans' tourist and convention industry is a $5.5 billion juggernaut that accounts for 40 percent of New Orleans' tax revenues. In 2004, the hospitality industry employed 85,000 people, making it New Orleans' top economic sector as measured by employment totals. The city also hosts the World Cultural Economic Forum (WCEF). The forum, held annually at the New Orleans Morial Convention Center, is directed toward promoting cultural and economic development opportunities through the strategic convening of cultural ambassadors and leaders from around the world. The first WCEF took place in October 2008

 

"

 

View Our Freight Factoring Companies YouTube Videos For More Information

 

Factoring loans company Calculator
This calculator will show you how much you will make by using our factoring loans company . But, as your about to discover, you will certainly notice the increased cash flow that will occur when you use our factoring loans company
Enter the principal balance of your factoring loans company
(call your factoring loans company lender and ask for the current payoff amount):
Enter the amount of your monthly factoring loans company payment:
(invoice amount):
Enter the your factoring loans company's current interest rate:

The largest trucking companies in the U.S. set a revenue record in 2013, but revenuegrowth slowed for the second year in a row.

The combined revenue of the 50 largest motor carriers rose to $106.6 billion last year, according to The Top 50 Trucking Companies list, based on data prepared by Consulting Group in Pittsburgh.

 

Searching for the right trucking companies to move your freight can be tough, with the large amount of local, regional, and national truck carriers out there. Center helps make freight shipping simple, finding you the safest, reliable trucking companies every time you ship. Trucking companies are licensed and insured to carry freight safely and efficiently across the country, no matter the size or type of freight you need to ship.Plus, with the high volume of freight we move, we will work to get you the best freight rates possible. Simply enter in a few details below and you�ll see instant freight rates from all the top trucking companies in one easy screen

 

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.

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

 

EveryJob is a free service dedicated to helping professional truck drivers find new truck driving jobs with the best trucking companies hiring today!

Locate truck driving jobs by city, state, position andenefits offered. Search current driving jobs and fill out the EZ truck driver application customized for cdl trucking jobs

 

 

"

Since the mid 1980s Ruiz Truck & Haul have been successfully running their freight business. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the boom times from 2002 to 2007 Ruiz Truck & Haul was the mastermind of a top-rated accounts receivable in 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. Cash was flowing and times were good for all.It was just one year later, in 2008, when the economy in the United States took a sharp decline, and both large and small businesses started to notice the squeeze on their pocketbooks: everyone had suddenly gone silent. Business slowed to a crawl

 

. Worse still, it was noticed by Ruiz 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 Ruiz, Maurice Watts, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. There was a growing list of clients who now owed them back debt.He had already been to the administrators to ask what the actual problem was. Were they doing something wrong or different when it came to reaching out to delinquent 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 Ruiz 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 Ruiz hadn't gone elsewhere. The had just gone!.The situation looked dire to Maurice Watts. Maurice was very concerned, because there were constant overheads, goods to ship, employees to pay, and trucks which needed to be maintained, but there just wasn't the money coming back into the business. At night he would speak to his wife Vivian and shake his head in frustration.

 

""Lin, I have a really bad feeling,"" he'd sadly say to his wife.""What could you do differently?"" she would say.Maurice would stare off into the distance, and then slowly close his eyes. He could see the fleet of trucks he had purchased over the years. He could see them traveling, bringing goods to all of his clients. But somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. Why couldn�t he work out how to resolve this financial problem with his business?""I think I know what it could be,"" Maurice said. ""For way too long I've been relying solely on profits received from invoices. I've let too many of our customers go too long without paying on their bills."" 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.

 

""Maurice 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 next day Maurice strolled into his office and was determined to sit down and make every phone call to every client who had owed Ruiz money. This wasn't really a very efficient way for a Chief Executive to spend his day, and Maurice 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 Maurice was realising just how much trouble he was in.Poor Maurice 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.

 

""Maurice, can I have a word?"" she queried, standing in the doorway.

 

""Sure thing Regina, come on in."" Maurice relaxed back into his chair and looked up at Reginaerley.""Well Maurice, 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?"" Reginaerley asked.""It does sound vaguely familiar. What is it?"" he said.""Well,"" she began, ""It�s actually quite simple really.

 

So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Maurice interrupted ""Immediately?"".""Yes, immediately,"" she continued, ""In a nutshell, it is pretty easy. We start by having a professional account manager review our figures and help us set up 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,� Maurice said. �And then what?""Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. There�s a lot of flexibility depending on the business volume and credit histories. The company will advise us the cost to purchase factoring for our company's accounts receivable. The funding commences once we�ve arrived at an agreement.�Maurice was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Regina,"" he said.""Now, now, I know, I thought the same thing. But really, they have guaranteed us experts that do all the legwork, which would free us up here to focus on our clients in good standing and marketing, all that good stuff. They appear to be very flexible, Maurice,"" she underlined a paragraph on the paper before him.""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. It only takes 2 to 4 days for this to be figured out. ""It does all sound pretty good, remembering that we are all tapped out now with loans from the bank last year to repair vehicles, and we all know just how tight money is. it is imperative that we keep the business rolling as usual, and every day we go unpaid we are getting closer and closer to dealing with some serious issues in both the short term and the long term,"" said Maurice.He took a deep breath and looked at his secretary with something she recognized as hope.""Exactly�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Maurice took a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Ruiz Truck & Haul were professional resources of the company, but they were also long-standing friends. Maurice wasn't prepared to lose these relationships just because they were having financial issues at the moment. Maurice 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, if he handled these debtors incorrectly, could spell disaster for both of them. Of course he did not want to lose any more money, but he did not want to lose business either.""Well, let me think about this tonight Regina, thank you."" Regina stood up and left Maurice's office, with the nice feeling of knowing that she may just have solved a very serious problem.Maurice sat behind his desk and looked over the details Regina had not mentioned in their meeting. What other issues could freight factoring help Ruiz 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, Ruiz could receive up to fifty-percent cash advances upon load pick-ups. Maurice was a typical business man: he despised binding contracts that did not allow room to breathe, so he was pleasantly surprised to see that the factoring company did not require a long term contract, that there was no minimum volume required, and that there were no sign-up fees.""I must tell Chester the good news,"" muttered Maurice to himself.Maurice's son-in-law, Chester, loved the idea behind Ruiz 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. Maurice knew then what struggles Chester would face but he encouraged him nonetheless. With the economy the way it was, if an established company such as Ruiz was struggling then the little guys, like Chester, were going to be in even more trouble. But, maybe the answer for both of them was in freight factoring, and Maurice 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 Maurice was beginning to find his way out of the hole his debtors had created for him.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They took that time and refocused effort to offering competitive prices in new territories. Maurice recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. If Maurice hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

"

New Orleans, the largest city in Louisiana, is located in the southeast part of the state, between the Mississippi River and Lake Ponchartrain. It is coextensive with Orleans Parish.One of the few cities of the nation that has been under three flags, New Orleans has belonged to Spain, France, and the United States. The French founded it in 1718 and named it in honor of the Duke of Orleans. In 1762, France ceded the city and the territory to Spain. In 1800, the territory was returned to France, but government authorities did not take over until 1803, just 20 days before the region became part of the United States in the Louisiana Purchase.New Orleans is famous for its French Quarter, with its mixture of French, Spanish, and native architectural styles. The Mardi Gras > a week of carnival held in New Orleans before the beginning of Lent�is the most spectacular festival in the U.S. and is a popular tourist attraction. Despite Hurricane Katrina, the 2006 Mardi Gras was still scheduled to be held.New Orleans has one of the world's greatest international ports and it is a major focus of the city's economy. New Orleans is home to the corporate offices of oil companies with major offshore operations in the Gulf of Mexico, as well as the distribution and service centers of offshore equipment suppliers and fabricators. The manufacturing industry is a significant part of the economy, with petroleum, petrochemical, shipbuilding, and aerospace industries all playing a role. The New Orleans region also functions as a mining, processing, and transportation center for other minerals, principally sulfur. Service industries are playing a larger role, with health care and telecommunications leading the way. The New Orleans region is widely regarded as a leading center of medicine and health care in the South.On Aug. 29, 2005, the Category 4 Hurricane Katrina hit New Orleans, flooding the city on Aug. 30 and disabling its pumps. This was followed by the breaching of the levees holding back Lake Pontchartrain, flooding 80% of the city. Federal and local officials were widely criticized for their slow and inadequate response. A year after the disaster, many evacuees had not returned to the city and the city population had dwindled to about half of its pre-Katrina numbers.Today, New Orleans is making strides on the path toward recovery. Always hospitable, the city has opened its doors extra wide as part of the city's revitalization efforts; Mayor : ""We have hosted an unmatched string of major events in the last two years including the Championship, Final Four and Navy Week, and now we get ready to welcome the world to New Orleans for the world's biggest show""�2013's XLVII�""we couldn't be more excited.""New Orleans has one of the largest and busiest ports in the world, and metropolitan New Orleans is a center of maritime industry. The New Orleans region also accounts for a significant portion of the nation's oil refining and petrochemical production, and serves as a white-collar corporate base for onshore and offshore petroleum and natural gas production.New Orleans is a center for higher learning, with over 50,000 students enrolled in the region's eleven two- and four-year degree granting institutions. A top-50 research university, Tulane University, is located in New Orleans' Uptown neighborhood. Metropolitan New Orleans is a major regional hub for the health care industry and boasts a small, globally competitive manufacturing sector. The center city possesses a rapidly growing, entrepreneurial creative industries sector, and is renowned for its cultural tourism. Greater New Orleans, Inc. (GNO, Inc.) acts as the first point-of-contact for regional economic development, coordinating between Louisiana's Department of Economic Development and the various parochial business development agencies.PortNew Orleans was developed as a strategically located trading entrep�t, and it remains, above all, a crucial transportation hub and distribution center for waterborne commerce. The Port of New Orleans is the 5th-largest port in the United States based on volume of cargo handled, and second-largest in the state after the Port of South Louisiana. It is the 12th-largest in the U.S. based on value of cargo. The Port of South Louisiana, also based in the New Orleans area, is the world's busiest in terms of bulk tonnage. When combined with the Port of New Orleans, it forms the 4th-largest port system in volume handled. Many shipbuilding, shipping, logistics, freight forwarding and commodity brokerage firms either are based in metropolitan New Orleans or maintain a large local presence.. The largest coffee-roasting plant in the world, operated by is located in New Orleans East.Like Houston, New Orleans is located in proximity to the Gulf of Mexico and the many oil rigs that lie just offshore. Louisiana ranks fifth among states in oil production and eighth in reserves in the United States. It has two of the four Strategic Petroleum Reserve (SPR) storage facilities: West Hackberry in Cameron Parish and Bayou Choctaw in Iberville Parish. Other infrastructure includes 17 petroleum refineries, with a combined crude oil distillation capacity of nearly 2.8 million barrels per day (450,000 m3/d), the second highest in the nation after Texas. Louisiana's numerous ports include the Louisiana Offshore Oil Port (LOOP), which is capable of receiving ultra large oil tankers. Given the quantity of oil importing,. Several major energy companies have regional headquarters in the city or its suburbs, Numerous other energy producers and oilfield services companies are also headquartered in the city or region, and the sector supports a large professional services base of specialized engineering and design firms, as well as an term office for the federal government's Minerals Management Service.BusinessThe city is the home to a single Fortune 500 company: Entergy, a power generation utility and nuclear powerplant operations specialist. In the wake of Hurricane Katrina, the city lost its other Fortune 500 company, Freeport-McMoRan, when it merged its copper and gold exploration unit with an Arizona company and relocated that division to Phoenix, Arizona. Its McMoRan Exploration affiliate remains headquartered in New Orleans. Tourism is another staple of the city's economy. Perhaps more visible than any other sector, New Orleans' tourist and convention industry is a $5.5 billion juggernaut that accounts for 40 percent of New Orleans' tax revenues. In 2004, the hospitality industry employed 85,000 people, making it New Orleans' top economic sector as measured by employment totals. The city also hosts the World Cultural Economic Forum (WCEF). The forum, held annually at the New Orleans Morial Convention Center, is directed toward promoting cultural and economic development opportunities through the strategic convening of cultural ambassadors and leaders from around the world. The first WCEF took place in October 2008

 

"

 

More Trucking Factoring Companies Story Articles

The Future of a Trucking Company, and Factoring Roger Collins let the phone ring on his desk. His morning coffee cooled and his cigarette smoked away in the tray: Roger is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Collins Trucking Company was at a turning point of growth and Roger had to decide if signing with a factoring company was the right way forward.

 

More than forty years ago Roger's father had started this business working as an owner-operator and eventually growing Collins 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 Roger's mother had jumped into the cab at times to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. Now the company was solely in Roger�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. Some of the refrigerated trailers were in need of repairs and he felt to stay competitive it was also a good idea to invest in specialized haulers to be ready for the constant requests he was getting for loads of new energy and agriculture equipment. He knew that turning down these requests made Collins Trucking look inefficient and weak in what was currently a strong market.

 

His father would have told him to wait and to take his time adding on new technology. Roger chuckled, thinking about his father. His father had been against placing GPS units in the cabs. He would say, �Why do you need the voice of some woman to tell you to get off at an exit that has been the same exit that has been there for years?� Also his father had the habit of teasing all the drivers he caught switching into automatic even though driving in automatic was much more efficient though not manly in his father�s eyes. His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.

 

Roger knew he was right in his forward thinking. How would he take Collins Trucking to the next level? And how would he be able to 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? If he was being honest, he did not really understand how it all worked. It sounded like a ninth grade math problem and he wondered how this would fit into the trucking business. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. The factoring company gives the trucking business its payment right away which allows the business to have continuous cash flow so it can pay employees, buy fuel, and make repairs for upcoming hauls. Without the assistance of factoring, you have to wait for customers to send you the payment which is often 30 days late. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Now it was time for Roger to do his homework. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! He'd even heard about some companies putting you onto a sliding percentage scale regardless of any previously signed contracts for possibly 3% or 7%, and there you are now with 10% coming as a charge to you out of the freight bill. His colleague, Ronnie, who owned a trucking company in Missouri, was nearly destroyed by a factoring company who charged him the full freight bill on top of the fees for factoring. Well, what was the point of going to a factoring company if there was shady business like that going on?

 

But it turned out to be quite easy. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He 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. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. Many companies offered a non-recourse factoring program that suited him just fine. 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 were not interested in his credit nor the financial problems his father had experienced in the past. Factoring was based on the credit of his customers and on their reliability which worked well for Roger because he and his father had built up good strong relationships over decades with their list of clients. So he knew they would understand when the factoring company contacted them for the invoices. His clients would not have any problems, nor would they think poorly of Collins Trucking, because the factoring companies handle themselves in such a polite and professional manner, similar to the way his father had managed the business in the past.

 

Feeling happier now, Roger stepped out of his office to advise his secretary to expect to receive the contract very shortly from the factoring company. 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. He suddenly realized that, with this new cash flow, he could actually expand Collins Trucking Company and who knows, move into Canada, which had always been his dream. He was a happy man again knowing that he had just made a decision which would guarantee the success of his business and his sons would not be inheriting a financial mess.

 

 

 

View Our Truck Factoring Companies Videos For More Information

 

 

 

 

 

 

 

Trucking Factoring  Articles

"

�So It is not a loan?� Lee Bennett asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Lee smiled at him, shaking her head.�No, not exactly,� she stated.Lee Bennett owned a small trucking company, and his business had recently fallen on difficult times. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Carl. He named his business Wade Trucking, named after Fernando and Sergio, his two grandfathers. Both of these men had been very hardworking and had set a great example for Carl.Six months ago disaster struck Carl's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. The financial security of Carl'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 Lee had on hand.A big problem a lot of trucking companies came across was how bills were paid in the industry. You could go a month or more before bills were completely paid off. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Lee was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.That�s where the woman across the desk came in. Her name was Jennifer and she worked for a factoring company. Lee had come across her company as he sat in his office late one night, pouring over the internet for some solution to his problem long after his employees had gone home.Jennifer 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.Lee nodded. It sounded perfect - perhaps too good?.Jennifer laughed. �I'm not sure that you believe me,� she said.�No, I do, I just think it sounds a bit too good to be true. I actually thought I might end up losing my business.�Jennifer smiled, agreeing. �We get that a lot. Listen, I�d hate to see you lose your company. We know how hard you work, and that you've invested everything in your business. We all need help sometimes. That's why we do what we do.""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,� Jennifer said with a smile. �Let�s see what we can do to help you.�And with that they set about making a profile.

 

Lee completed the form, with Jennifer offering advice as needed.

 

The completed profile gave Jennifer and her company all the information they needed on Carl's business, and with this information they would determine if this business would in fact be suitable for Factoring. Unfortunately, not all companies are. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. Listening as Lee filled out his form, Jennifer was pretty sure he was a perfect candidate for factoring.When the form was done Jennifer took it and slid it into her briefcase. She then stood, reached across the desk and shook Carl�s hand. He also stood up, and they smiled at each other. They said their goodbyes and Lee walked her to the door, and then returned to his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He leaned back and closed his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. Talking to Jennifer though, learning about factoring, it felt like a weight had been lifted from his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.All those long, sleepless nights. The terrifying panic attacks that occurred regardless of where he was. Already he could feel all the stress start to drain away. He knew it wasn't over yet and that there was still a way to go, but he could just feel everything start to change for him. He was still here; he knew this was the right path for him, and he felt proud that he had taken the appropriate steps to sort out his problems.Lee couldn�t help but think back to when he had first started the business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been really successful. Home cooking in his hometown, and he had done very well.But it wasn't what he really wanted to do. He wasn't passionate about the food industry. He thought about it for a long time, then decided it was time to sell his restaurant. He took six months off, and during that time he decided to create Wade 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.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was about to turn fifty. He was concerned that he just did not have the energy left to try and save the business. But giving up wasn't part of his personality either.

 

Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically sick some nights. He did not want to quit - both for himself and for his staff members.And now, because of factoring, he was sure he wouldn�t have to. Carl's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. He could be thankful later, for now, it was time to work.

 

"

 

 

 

More Trucking Factoring Company Story Articles

Reasons why Trucking Corporations Use Factoring Firms.

 

As the operator of your own firm, you may be much more than mindful already of the challenge in making sure that cash flow issues do not become a predicament down the line. After all, the most terrible thing that can in all probability develop for your firm is to find yourself embroiled in a long and tough circumstance that leaves you forever looking for the cash you necessitate on an recurring basis.

 

For virtually any company in this predicament, the challenge can come for waiting for work to clear up and actually be settled into your statement. Statements, checks, and the like can take a while to actually to be taken care of which may leave you with short-term available resources difficulties. Thank goodness, there are opportunities out there for enterprises to explore-- and among these is factoring providers.

 

Factoring agencies will, in trade for your accounts, offer you with the cash money now so you do not have to worry about the waiting phase that could make paying the expenses and obtaining toolsmore complicated. With this type of system, invoice factoring can become extraordinarily helpful for a lot of establishments who need to avoid a money pitfall which they have gotten themselves in.

 

Considering that, depending on the size of the work, it can take up to 60 days for a number of business enterprises to get compensated then it is significant to take care of your own back and not leave yourself money short to pay off the monthly bills. After all, how many establishments have two months cash flow just lying there to handle all their costs until they make money?

 

This is most especially true of truck enterprises. They often tend to manage bunches of invoices which means a serious amount of collection time demands business owner themselves. Seeking to get paid promptly can become an unbelievable difficulty and this is exactly why you employ truck factoring providers who are happy to help out truckers specifically.

 

As we all determine, trucking is an extremely large industry with lots of agencies out there utilizing hundreds of operators. Unfortunately, quite a few of these drivers end up in money difficulties for the reason that they are still anticipating work from six weeks back to actually compensate them. When this is the condition for a truck organization, consulting factoring providers for aid could be the most suitable option left.

 

This indicates that a truck company can provide the salaries of the people, keep all the cars filled with fuel and continue to go up, progress and expand without always waiting for the money which is taking too lengthy to come in. Trucking Establishments working without a factoring system implemented are leaving themselves at critical threat, as rivals cash out promptly and carry on to expand.

 

There's honestly very little to be distressed about when it comes to working with a Factoring establishment-- they usually are not like a bank or somebody who is going to leave you with a massive stack of personal debt to pay back. You give them genuine invoices from job you have already completed , you are only speeding up the payment system.

 

In the United States, where truck firms prosper, factoring providers are not considered taking on loan in any capacity. This confidential settlement then enables both parties to profit and take joy in a good future-- it provides the factoring agency a warranted asset of money to put into the list and it provides the trucking company the needed funds that they sweated to gain.

 

The trucking establishment bestows their invoices to the factoring agency. The trucking factoring firm then acquire the payments from the trucking company's clients. Factoring has been all around for hundreds of years and has been used for long times by lots of different sectors-- but none more so than truckers. While you may miss out on a small part of the money, something like 1-3 % depending upon who you collaborate with, it indicates that you are obtaining the finances today and can actually begin setting the resources to function.

 

After all, an IOU or an invoice is not going to cover bills, is it? For trucking agencies when the funds can be great one day and gone the next, it is up to the drivers to work sensibly and to make certain they are leaving themselves with a substantial quantity of time and finance to get through the week until they are compensated again.

 

So the next period your trucking business is bearing some short-term capital challenges and you are devoting a bit too much time chasing slow paying clients, why not begin looking into using a factoring companies as a method to get your money and give yourself a more worry-free future in the eyes of your trucking workers and your bank balance?

 

 

 

 

 

 

"

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. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Once the loan is paid off, you can then apply for another loan if the need arises.

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. 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. This has many benefits including the fact, that this type of financing will not affect either your business credit rating or your personal credit rating. In the event that your business fails, you would not have to be concerned about someone coming after your personal or your business assets in order to pay off a loan. 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. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. This makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

3. Receive Your Money Faster. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. 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.You receive interest up-front. With a bank loan interest continues to build, and this has to be paid the whole time you have a business loan; however with a Trucking Factoring company there is no interest - they take it right off the top by deducting it from the total amount of receivable accounts. So 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. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The main benefit is that once you've sold your accounts receivable to the Trucking Factoring company, you are free from having to collect money owed by your customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very efficient at debt collecting, and this frees up your valuable time to devote to running your company.

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.A Trucking Factoring company is not the only method of gaining access to finance for the running and growing of your business, however it does offer a financing option well worth considering.

 

"

 

 

 

 

Factoring Companies by City

New York City

Los Angeles


Chicago


Houston


Philadelphia


Phoenix


San Antonio


San Diego


Dallas


San Jose

Austin


Jacksonville


Indianapolis


San Francisco


Columbus


Fort Worth


Charlotte


Detroit


El Paso


Memphis

 

 

Boston


Seattle


Denver


Washington DC


Nashville-Davidson


Baltimore


Louisville/Jefferson


Portland


Oklahoma City


Milwaukee


Las Vegas


Albuquerque


Tucson


Fresno


Sacramento


Long Beach


Kansas City


Mesa


Virginia Beach


Atlanta

 

Colorado Springs


Raleigh


Omaha


Miami


Oakland


Tulsa


Minneapolis


Cleveland


Wichita


Arlington

 

New Orleans

Bakersfield

Tampa

Honolulu

Anaheim

Aurora

Santa Ana

St. Louis

Riverside

Corpus Christi

Pittsburgh

Lexington Fayette

Anchorage

Stockton

Cincinnati

St. Paul

Toledo


Newark

Greensboro

Plano

Henderson

Lincoln

Buffalo

Fort Wayne

Jersey

Chula Vista

Orlando

St. Petersburg

Norfolk

Chandler

Laredo

Madison

Durham

Lubbock

Winston Salem

Garland

Glendale

Hialeah

Reno

Baton Rouge

Irvine

Chesapeake

Irving

Scottsdale

North Las Vegas

Fremont

Gilbert town

San Bernardino

Boise

Birmingham

Rochester

Richmond

Spokane

Des Moines