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Thousands Now Play Who Never Thought They Could - Our Truck Factoring Company Can Give
Your Trucking Company The Money Your Company Needs

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freight factoring companies california

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freight invoice factoring

Trucking Factoring is useful for a number of reasons. It enables a truck company to raise money without acquiring brand-new debt. While financial obligation is occasionally needed, most trucking companies would choose to raise money without borrowing money. Financial obligation is dangerous, and when it cannot be paid back, assets can be repossessed. If the financial obligation is large enough, it might even compel a freight broker firm out of business.

 

 

 

 

 

 

 

Is The Life of a Receivable Worth $1 to You - Choose A Truck�Factoring Company  Instead Of A Regular Bank Financing

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

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

Cash flow does not have to be a problem any more. Do not be fooled -- banks are not the only locations you can get financing. Other options are available and you do not have to borrow money. Exactly what is truck factoring ? One solution is called truck factoring. Trucking Factoring is the procedure of selling accounts receivable to an investor rather than waiting to collect the cash from the customer. Oh, the Irony- Truck factoring has a paradoxical distinction: It is the monetary foundation of many of America's most effective companies. Why is this paradoxical ? Because staffing factoring is not instructed in business colleges, is rarely discussed in business plans and is relatively unidentified to the majority of most of American business individuals.

Yet it is a monetary procedure that releases up billions of dollars every year, enabling thousands of companies to grow and succeed. Factoring has been around for countless years. Staffing Factoring Companies are financiers who pay cash for the right to get the future payments on your invoices. An unpaid receivable or invoice has value. It is a financial obligation your client has agreed pay in the near future. Factoring Principals--Although factoring deals exclusively with business-to-business deals, a big percentage of the retail business utilizes a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail transactions. Utilizing the purest definition of the word, these large consumer finance business are truly just big Receivable Funding Businesses of customer paper. Consider it: You make a purchase at Sears and charge it to your MasterCard. The shop makes money practically instantly, even though you do not make payment until you are prepared.

For this service, the charge card business charges Sears a charge (typical common normal charges range from two to four percent of the sale). The Advantages Staffing Factoring can provide numerous benefits to cash-hungry companies. Instead of waiting 30, 60, 90 days or longer for payment on an item that has actually currently been provided, a company can factor (sell) its receivables for cash at a small discount off the dollar value of the invoice. Payroll, advertising efforts, and working capital are just a few of the company requirements that can be satisfied with instant  money.

Receivable Financing offers the ways for a producer to renew stock and make more items to sell: There is no longer a need to await for earlier sales to be paid. Receivable Loan Financing is not simply a money management device for manufacturers: Almost any type company can benefit from Truck Factoring. Generally, a company that extends credit will have 10 to 20 percent of its yearly sales bound in accounts receivable at any given time. Think for a moment about how much is tied up in 60 days' worth of invoices: You can not pay the power expense or today s payroll with a customer s invoice, however you can sell that invoice for the cash to meet those responsibilities. Using truck factoring companies is a fast and easy procedure. The factoring company buys the invoice at a price cut, usually a few portion points less than the face value of the invoice.

 

 

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The U.s. Transportation Association
mentions that there are about
195,000 employees with transportation
companies and
276,000 private providers trucking
firms certified to
operate in the U.S. that transported,
according to their most current listings of millions of
items, materials and
basic products .
There are numerous typical
providers either going solo or in
teams on our country
roads transporting these
vital items to our
shops, factories and harbors.

Furthermore trucking factoring
corporations aid
many of them and offer their
accounts receivablesfinancing services
nationallyincluding
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

 

"

Orlando is a major city in the U.S. state of Florida. Located in Central Florida, it is the county seat of Orange County and the center of the Greater Orlando metropolitan area. The Greater Orlando metropolitan area has a population of 2,134,411, making it the 26th largest metro area in the United States, the sixth largest metro area in the Southeastern United States, and the third largest metro area in the state of Florida. According to the 2010 census, Orlando has a city-proper population of 238,300 making it the 77th largest city in the United States, this is mostly attributed to the fact that the majority of area residents live in surrounding suburbs outside of city limits. Orlando is the fifth largest city in Florida, and the state's largest inland city.Orlando is nicknamed ""The City Beautiful"" and its symbol is the fountain at Lake Eola. Orlando is also known as ""The Theme Park Capital of the World"" and its tourist attractions draw more than 51 million tourists a year, including 3.6 million international guests. The Orlando International Airport (MCO) is the thirteenth busiest airport in the United States and the 29th busiest in the world. Buddy Dyer is Orlando's mayor.As the most visited American city in 2009, Orlando's famous attractions form the backbone of its tourism industry: Walt Disney World Resort, located approximately 21 miles (34 km) southwest of Downtown Orlando in Lake Buena Vista, opened by the Walt Disney Company in 1971; the Orlando Resort, which consists of the two parks of Studios Florida and Islands of Adventure; City Walk; ; Gatorland; and Wet 'n Wild Water Park. With the exception of Walt Disney World, most major attractions are located along International Drive. The city is also one of the busiest American cities for conferences and conventions.Like other major cities in the Sun Belt, Orlando grew rapidly during the 1980s and into the first decade of the 21st century. Orlando is home to the University of Central Florida, which is the second-largest university campus in the United States in terms of enrollment as of 2012. In 2010, Orlando was listed as a ""Gamma-"" level of world-city in the World Cities Study Group�s inventory. Orlando ranks as the fourth most popular American city based on where people want to live according to a 2009 Pew Research Center studyOrlando is a major industrial and hi-tech center. The metro area has a $13.4 billion technology industry employing 53,000 people ;[] and is a nationally recognized cluster of innovation in digital media, agricultural technology, aviation, aerospace, and software design. More than 150 international companies, representing approximately 20 countries, have facilities in Metro Orlando.Orlando has the 7th largest research park in the country, Central Florida Research Park, with over 1,025 acres (4.15 km2). It is home to over 120 companies, employs more than 8,500 people, and is the hub of the nation�s military simulation and training programs. Near the end of each year, the Orange County Convention Center hosts the world's largest modeling and simulation conference: Interservice/Industry Training, Simulation and Education Conference (I/ITSEC). Metro Orlando is home to the simulation procurement commands for the U.S. Army, Navy, Air Force, Marines and Coast Guard.Lockheed-Martin has a large manufacturing facility for missile systems, aeronautical craft and related high tech research. Other notable engineering firms have offices or labs in Metro Orlando: KDF, General Dynamics, Harris, Mitsubishi Power Systems, Siemens, Veritas/Symantec, multiple USAF facilities, Naval Air Warfare Center Training Systems Division (NAWCTSD), Delta Connection Academy, Embry-Riddle Aeronautical University, , Air Force Agency for Modeling and Simulation (AFAMS), U.S. Army Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI), United States Army Research, Development and Engineering Command United States Army Simulation and Training Technology Center (STTC), . The Naval Training Center until a few years ago was one of the two places where nuclear engineers were trained for the US Navy. Now the land has been converted into the Baldwin Park development. Numerous office complexes for large corporations have popped up along the Interstate 4 corridor north of Orlando, especially in Maitland, Lake Mary and Heathrow.Orlando is close enough to Patrick Air Force Base, Cape Canaveral Air Force Station, and Kennedy Space Center for residents to commute to work from the city's suburbs. It also allows easy access to Port Canaveral, a cruise ship terminal.Orlando is the home base of Darden Restaurants, the parent company of Red Lobster and Olive Garden and the largest operator of restaurants in the world by revenue. In September 2009 it moved to a new headquarters and central distribution facility.Film, television, and entertainment[edit]Another important sector is the film, television, and electronic gaming industries, aided by the presence of Studios, Disney's Hollywood Studios, Full Sail University, UCF College of Arts and Humanities, the Florida Interactive Entertainment Academy, and other entertainment companies and schools. The U.S. modeling, simulation, and training (MS&T) industry is centered on the Orlando region as well, with a particularly strong presence in the Central Florida Research Park adjacent to University of Central Florida (UCF). Nearby Maitland is the home of Tiburon, a division of the video game company Electronic Arts. Tiburon Entertainment was acquired by EA in 1998 after years of partnership, particularly in the Madden series and Football series of video games. Nearby Full Sail University, located in Winter Park, draws new-media students in the areas of video game design, film, show production, and computer animation, among others, its graduates spawning several start- in these fields in the Orlando area. The headquarters of Ripley Entertainment Inc. are also located in Orlando.Healthcare[edit]Orlando has two non-profit hospital systems: Orlando Health and Florida Hospital. Orlando Health's Orlando Regional Medical Center is home to Central Florida's only Level I trauma center, and Winnie Palmer Hospital for Women and Babies and Florida Hospital Orlando have the area's only Level III neonatal intensive care units. Orlando's medical leadership will be further advanced with the completion of University of Central Florida's College of Medicine, a new VA Hospital and the new Nemours Children�s Hospital, which will be located in a new medical district in the Lake Nona area of the citySee also: List of amusement parks in Greater Orlando and List of Orlando, Florida attractions Cinderella Castle at the Magic Kingdom, Walt Disney World Resort Hawk's Landing Golf Club and the Orlando World Center Marriott HotelThe Orlando area is one of the leading tourism destinations in the world. The Orlando area is home to Walt Disney World Resort, Orlando Resort, and Orlando. Over 59 million visitors came to the Orlando region in 2013, spending over $33 billion.The convention industry is also critical to the region's economy. The Orange County Convention Center, expanded in 2004 to over two million square feet (200,000 m�) of exhibition space, is now the second-largest convention complex in terms of space in the United States, trailing only McCormick Place in Chicago. The city vies with Chicago and Las Vegas for hosting the most convention attendees in the United States.The Orlando area features 7 of the 10 most visited theme parks in North America (5 of the top 10 in the world), as well as the 4 most visited water parks in the U.S. The Walt Disney World resort is the area's largest attraction with its many facets such as the Magic Kingdom, Epcot, Disney's Hollywood Studios, Disney's Animal Kingdom, Typhoon Lagoon, Blizzard Beach, and Downtown Disney. Orlando is a large park that features numerous zoological displays and marine animals alongside an amusement park with roller coasters and water park. Orlando, like Walt Disney World, is a multi-faceted resort comprising Studios Florida, CityWalk, and Islands of Adventure. The Wet 'n Wild water park is another famous attraction. Orlando also comprises more than one park, alongside Aquatica and Discovery Cove. Orlando attractions also appeal to many locals who want to enjoy themselves close to home

 

"

 

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

Click below to find Trucking Companies in the United States:

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

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

 

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

 

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

 

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.

 

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 Garcia Truck & Haul have been successfully running their freight business. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the heady times from 2002 to 2007, Garcia 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. 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 down. Worse still, it was noticed by Garcia in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. And as spring turmed to summer and summer into the early days of fall, Steven Ellis, CEO of Garcia felt a chill go down his spine whenever he would look at the weekly A/R reports. There was a growing list of clients who now owed them back debt.He had gone to his administrators and asked them what the problem had been. Were they doing things different, or wrong, when it came to collecting overdue accounts? When checking his bookkeeper's records this was definitely not the case. Perhaps he was losing his customers to his competitor, who seemed to offer very low prices with no guarantee of quality or performance, and these clients who were in debt to his company had possibly disappeared leaving him stranded. They could not afford to pay him their debt, but they could afford a lesser service, maybe. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. The had just gone!.To Steven Ellis the situation looked desperate. Steven 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. After work he would confide in his wife, Carol, 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.Steven would stare off for a moment and then close eyes. He could see the fleet of trucks he had purchased over the years. He could see them on the road, delivering good to all his loyal customers. But then a haze would cover his trucks and his vast fleet would vanish to leave just a few. Why couldn�t he work out how to resolve this financial problem with his business?""I know what it is,"" Steven said. ""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.

 

""Steven 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 Steven walked into his office with a spring in his step, determined to call each and every client who owed money to Garcia Truck & Haul. This wasn't really a very efficient way for a Chief Executive to spend his day, and Steven 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. Wasting money, wasting time - even with the best of intentions, Steven knew that he was in trouble.

 

After a half day of contacting debtors in vain - they dodged his calls or promised to call back at worst or made minimal interest-only payments at best - he was about to throw in the towel when his secretary Courtneyerley knocked at his door.

 

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

 

""Sure thing Courtney, come on in."" Steven leaned back in his chair and looked expectantly at Courtneyerely.""Well Steven, 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 the word factoring?"" Courtneyerley asked.""It sounds vaguely familiar. What is factoring""? he asked.She began, ""Well, it is really very simple. Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Immediately?"" Steven interrupted.""Yes, immediately,"" she continued, ""it is actually very simple. We can have an expert account manager review our numbers and help us complete a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. Additionally, the factoring will help to determine the creditworthiness of our customers independent of their credit history with our business. It provides a very broad view.""I see,� Steven said. �And then what?""Following the completion of their review and once we have been approved for a contract with the factoring company, then we sit down to negotiate conditions and terms. 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.�Leaning forward, Steven studied the documents very closely.""It sounds too good to be true, Courtney,"" 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, Steven,"" she drew a circle around a paragraph on the document before him.""How flexible?"" asked Steven.""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.

 

""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,"" Steven said.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Steven took a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Garcia Truck & Haul were professional resources of the company, but they were also long-standing friends. They did not want to throw away these relationships because they were having trouble paying their bills now. He was well aware that the economy was in a bad way and that it might be quite a while before things started picking up. 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 Courtney, and thankyou."" Courtney nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Steven keep the shirt on his back, and possibly hers too.Steven 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 Garcia 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. Steven was surprised: it said that his company could get up to fifty percent cash advances on load pickups. Steven 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 Erik the good news,"" muttered Steven to himself.His son-in-law Erik had liked the idea of Garcia so much and revered his father in law for having such business acumen that only two years before, he had gathered the venture capital to begin his own transportation service company. Steven knew then what struggles Erik would face but he encouraged him nonetheless. With the economy the way it was, if an established company such as Garcia was struggling then the little guys, like Erik, were going to be in even more trouble.

 

But, an antidote may have been found in freight factoring and Steven was soon to find out.Some months later, having successfully gone through the entire process of the application, having experts study his credit history and statements and review his accounts receivable, Steven found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.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. Steven 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.

 

"

 

"

Orlando is a major city in the U.S. state of Florida. Located in Central Florida, it is the county seat of Orange County and the center of the Greater Orlando metropolitan area. The Greater Orlando metropolitan area has a population of 2,134,411, making it the 26th largest metro area in the United States, the sixth largest metro area in the Southeastern United States, and the third largest metro area in the state of Florida. According to the 2010 census, Orlando has a city-proper population of 238,300 making it the 77th largest city in the United States, this is mostly attributed to the fact that the majority of area residents live in surrounding suburbs outside of city limits. Orlando is the fifth largest city in Florida, and the state's largest inland city.Orlando is nicknamed ""The City Beautiful"" and its symbol is the fountain at Lake Eola. Orlando is also known as ""The Theme Park Capital of the World"" and its tourist attractions draw more than 51 million tourists a year, including 3.6 million international guests. The Orlando International Airport (MCO) is the thirteenth busiest airport in the United States and the 29th busiest in the world. Buddy Dyer is Orlando's mayor.As the most visited American city in 2009, Orlando's famous attractions form the backbone of its tourism industry: Walt Disney World Resort, located approximately 21 miles (34 km) southwest of Downtown Orlando in Lake Buena Vista, opened by the Walt Disney Company in 1971; the Orlando Resort, which consists of the two parks of Studios Florida and Islands of Adventure; City Walk; ; Gatorland; and Wet 'n Wild Water Park. With the exception of Walt Disney World, most major attractions are located along International Drive. The city is also one of the busiest American cities for conferences and conventions.Like other major cities in the Sun Belt, Orlando grew rapidly during the 1980s and into the first decade of the 21st century. Orlando is home to the University of Central Florida, which is the second-largest university campus in the United States in terms of enrollment as of 2012. In 2010, Orlando was listed as a ""Gamma-"" level of world-city in the World Cities Study Group�s inventory. Orlando ranks as the fourth most popular American city based on where people want to live according to a 2009 Pew Research Center studyOrlando is a major industrial and hi-tech center. The metro area has a $13.4 billion technology industry employing 53,000 people ;[] and is a nationally recognized cluster of innovation in digital media, agricultural technology, aviation, aerospace, and software design. More than 150 international companies, representing approximately 20 countries, have facilities in Metro Orlando.Orlando has the 7th largest research park in the country, Central Florida Research Park, with over 1,025 acres (4.15 km2). It is home to over 120 companies, employs more than 8,500 people, and is the hub of the nation�s military simulation and training programs. Near the end of each year, the Orange County Convention Center hosts the world's largest modeling and simulation conference: Interservice/Industry Training, Simulation and Education Conference (I/ITSEC). Metro Orlando is home to the simulation procurement commands for the U.S. Army, Navy, Air Force, Marines and Coast Guard.Lockheed-Martin has a large manufacturing facility for missile systems, aeronautical craft and related high tech research. Other notable engineering firms have offices or labs in Metro Orlando: KDF, General Dynamics, Harris, Mitsubishi Power Systems, Siemens, Veritas/Symantec, multiple USAF facilities, Naval Air Warfare Center Training Systems Division (NAWCTSD), Delta Connection Academy, Embry-Riddle Aeronautical University, , Air Force Agency for Modeling and Simulation (AFAMS), U.S. Army Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI), United States Army Research, Development and Engineering Command United States Army Simulation and Training Technology Center (STTC), . The Naval Training Center until a few years ago was one of the two places where nuclear engineers were trained for the US Navy. Now the land has been converted into the Baldwin Park development. Numerous office complexes for large corporations have popped up along the Interstate 4 corridor north of Orlando, especially in Maitland, Lake Mary and Heathrow.Orlando is close enough to Patrick Air Force Base, Cape Canaveral Air Force Station, and Kennedy Space Center for residents to commute to work from the city's suburbs. It also allows easy access to Port Canaveral, a cruise ship terminal.Orlando is the home base of Darden Restaurants, the parent company of Red Lobster and Olive Garden and the largest operator of restaurants in the world by revenue. In September 2009 it moved to a new headquarters and central distribution facility.Film, television, and entertainment[edit]Another important sector is the film, television, and electronic gaming industries, aided by the presence of Studios, Disney's Hollywood Studios, Full Sail University, UCF College of Arts and Humanities, the Florida Interactive Entertainment Academy, and other entertainment companies and schools. The U.S. modeling, simulation, and training (MS&T) industry is centered on the Orlando region as well, with a particularly strong presence in the Central Florida Research Park adjacent to University of Central Florida (UCF). Nearby Maitland is the home of Tiburon, a division of the video game company Electronic Arts. Tiburon Entertainment was acquired by EA in 1998 after years of partnership, particularly in the Madden series and Football series of video games. Nearby Full Sail University, located in Winter Park, draws new-media students in the areas of video game design, film, show production, and computer animation, among others, its graduates spawning several start- in these fields in the Orlando area. The headquarters of Ripley Entertainment Inc. are also located in Orlando.Healthcare[edit]Orlando has two non-profit hospital systems: Orlando Health and Florida Hospital. Orlando Health's Orlando Regional Medical Center is home to Central Florida's only Level I trauma center, and Winnie Palmer Hospital for Women and Babies and Florida Hospital Orlando have the area's only Level III neonatal intensive care units. Orlando's medical leadership will be further advanced with the completion of University of Central Florida's College of Medicine, a new VA Hospital and the new Nemours Children�s Hospital, which will be located in a new medical district in the Lake Nona area of the citySee also: List of amusement parks in Greater Orlando and List of Orlando, Florida attractions Cinderella Castle at the Magic Kingdom, Walt Disney World Resort Hawk's Landing Golf Club and the Orlando World Center Marriott HotelThe Orlando area is one of the leading tourism destinations in the world. The Orlando area is home to Walt Disney World Resort, Orlando Resort, and Orlando. Over 59 million visitors came to the Orlando region in 2013, spending over $33 billion.The convention industry is also critical to the region's economy. The Orange County Convention Center, expanded in 2004 to over two million square feet (200,000 m�) of exhibition space, is now the second-largest convention complex in terms of space in the United States, trailing only McCormick Place in Chicago. The city vies with Chicago and Las Vegas for hosting the most convention attendees in the United States.The Orlando area features 7 of the 10 most visited theme parks in North America (5 of the top 10 in the world), as well as the 4 most visited water parks in the U.S. The Walt Disney World resort is the area's largest attraction with its many facets such as the Magic Kingdom, Epcot, Disney's Hollywood Studios, Disney's Animal Kingdom, Typhoon Lagoon, Blizzard Beach, and Downtown Disney. Orlando is a large park that features numerous zoological displays and marine animals alongside an amusement park with roller coasters and water park. Orlando, like Walt Disney World, is a multi-faceted resort comprising Studios Florida, CityWalk, and Islands of Adventure. The Wet 'n Wild water park is another famous attraction. Orlando also comprises more than one park, alongside Aquatica and Discovery Cove. Orlando attractions also appeal to many locals who want to enjoy themselves close to home

 

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More Trucking Factoring Companies Story Articles

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Factoring in the Future of a Trucking Business: A Story Harold Turner let the phone ring on his desk. He let his morning coffee cool and left his cigarette to ash itself in the tray, because he is trying to make the biggest decision ever for his trucking company. Turner Trucking Company was at a turning point of growth and Harold had to decide if signing with a factoring company was the right way forward.

 

More than forty years ago Harold's father had started this business working as an owner-operator and eventually growing Turner 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 Harold'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. But now things were different: the company was in Harold's hands and he needed to ensure that this business would be left in great 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. He had employees to pay. They had families and household bills too. Some of the refrigerated trailers were in need of repairs and he felt to stay competitive it was also a good idea to invest in specialized haulers to be ready for the constant requests he was getting for loads of new energy and agriculture equipment. Every time he had to turn down a request, Turner Trucking looked weak in a very strong market.

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Harold chuckled, thinking about his father. He remembered when his father was totally against installing 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?� He smiled to himself as he remembered his father poking fun at the other drivers who switched to automatic, even though automatic was quite obviously more efficient (though less manly). 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.

 

Harold believed a successful man is always thinking of his next step. What would be the next step for Turner Trucking? 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? There was a lot he didn�t understand about the process. It sounded a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. A factoring company actually purchases your invoices and takes control of your accounts receivable, payment being a certain percentage of the amount invoiced. In return, the factoring company pays the trucking business straight away, providing immediate cash flow for the business to pay staff, purchase fuel, and do any repairs or maintenance. Without this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. During those thirty days the trucking company cannot pay its employees and bills with invoices.

 

Now it was time for Harold 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 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 was quite happy to sign an exclusive contract. In fact, he was quite pleased with the idea of a long-term contract because he knew this was a one-off and he would not have to keep going back and forth to different companies. 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. He was more than happy with the figures he was offered in percentage terms on the freight bills. It sounded like a great scheme to him.

 

It was really refreshing dealing with the factoring people. They were extremely helpful and more personable than the bank staff. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking 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 Harold 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 Turner 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, Harold 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 Turner Trucking Company and who knows, move into Canada, which had always been his dream. He was a happy man again knowing that he had just made a decision which would guarantee the success of his business and his sons would not be inheriting a financial mess.

 

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Trucking Factoring  Articles

"

�So It is not a loan?� asked Jay Marshall, reclining back into his chair and crossing his legs. The woman sitting across the desk from Jay smiled at him, shaking her head.�Not quite,� she said.Jay Marshall 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 Herman. He named his business Riley Trucking, named after Zachary and Dale, his two grandfathers. They had both been hardworking men, and had done a lot to make Jay the same.Disaster had struck half a year ago, when two trucks in Herman�s fifteen truck fleet went down. One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. Jay depended on his full fleet, and missing two trucks was devastating . Furthermore, buying a whole new truck and fixing the other simply took more cash than Jay 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. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Jay wasn�t a bad owner, and he hadn�t messed up. Certain events had occurred that he could not possibly have predicted, and now he had to find a way to protect his business and prevent it from ultimate devastation.And that's why he found himself across the desk from this woman. Jay knew she was employed by a Factoring company and that her name was Anne. Jay 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.Anne explained. �It�s not a loan, we purchase your accounts receivable. We aren�t giving you money to be paid back later, we�re buying something from you, and you can buy it back when you can. This is a win-win situation: we are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Jay nodded. 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 thought I was going to lose my company.�Anne nodded. �Yes, we get a lot of that. There's no way we want to see you lose your business. We know how hard you work, and that you've invested everything in your business. Sometimes you need help. That's why we do what we do.""Well, I'm very grateful that you came to see me today.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� Anne said with a smile. �Let's work out a solution to your problem.�And with that they set about making a profile.

 

Jay completed the form, with Anne offering advice as needed.

 

The profile filled Anne and her company in on Herman�s company, and would help them determine if he was suitable for factoring. Unfortunately, not all companies are. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. Listening as Jay filled out his form, Anne was pretty sure he was a perfect candidate for factoring.When the form was done Anne took it and slid it into her briefcase. Standing up, she reached over the desk and shook Herman's hand. He stood before they shook as well, and then smiled. Jay walked Anne to the door where they said 'Goodbye', then he went back into his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.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 Anne and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He relaxed into his chair, running his hand through his thick black hair with its telling streaks of grey.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.His mind wandered back to the very beginning, when he first started his business. He had opened a restaurant at age twenty two when he was fresh out of school. It had been really successful. Home cooking in his hometown, and he had done very well.But he had gotten bored. His passion didn�t lie with the food industry. He thought 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 Riley Trucking. So he did it. Once again he built a company from the ground up. He had been successful.And then the trucks went down, and his success looked to be in flux. He was nearing fifty. He didn�t think he had it in him, to save this company. But he couldn�t give up. The idea of cutting his losses, shutting down, laying off his workers, it actually made him sick some nights. He didn�t know how to say quit.And now, because of factoring, he was sure he wouldn�t have to. Jay 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

The reason why Truck Corporations Use Factoring Companies.

 

As the owner of your own firm, you may perhaps be more than conscious already of the difficulty in making certain that capital matters do not become a problem down the line. After all, the worst thing that can in all probability occur for your establishment is to find yourself dragged in a long and hard situation that leaves you forever trying to find the resources you need on an continuing manner.

 

For virtually any enterprise in this situation, the dilemma can come for waiting for work to clear up and actually be brought in into your bank account. Bill of sales, checks, and the like could take a while to actually to be taken care of which can leave you with momentary capital difficulties. Fortunately, there are alternatives out there for companies to look into-- and among these is factoring firms.

 

Factoring providers will, in substitution for your invoices, provide you with the cash asap in order that you do not need to worry about the delaying duration which could make paying the expenses and acquiring toolsmore challenging. With this kind of arrangement, invoice factoring can end up being extremely practical for countless businesses who need to avoid a money lure which they have discovered themselves in.

 

Due to the fact that, basing on the volume of the task, it can take up to 60 days for a number of establishments to get paid out then it is vital to cover your own back and definitely not leave yourself funds short to pay off the bills. After all, how many enterprises possess two months cash flow just occupying there to address all their costs until they earn?

 

This is particularly correct of trucking establishments. They generally handle good deals of statements which means a substantial quantity of collection period entails business owner themselves. Trying to get compensated promptly can end up being an incredible headache and this is the reason why you employ trucking factoring organizations who are thrilled to help out truckers exclusively.

 

As we all realize, trucking is an extremely enormous field with a lot of companies out there utilizing hundreds of vehicle drivers. Sadly, plenty of these drivers wind up in income difficulties given that they are still awaiting work from six weeks back to actually compensate them. When this is the scenario for a truck organization, resorting to factoring providers for support might be the most ideal option left.

 

This implies that a trucking company can pay out the salaries of the work force, keep all the vehicles loaded with gas and continue to surmount, rise and expand without continually waiting for the finances which is taking too lengthy to come in. Trucking Companies operating without a factoring program applied are leaving themselves at critical hazard, as rivals cash out fast and proceed to expand.

 

There's absolutely almost nothing to be troubled about when it comes to working with a Factoring establishment-- they typically are not like a financial institution or any individual who is going to leave you with a substantial mound of financial obligation to pay back. You give them authentic invoices from job you have already finished , you are simply hastening the payment system.

 

In the United states of America, where truck establishments survive, factoring establishments are not considered taking on loan in any capacity. This private settlement then enables both parties to profit and take pleasure in a convenient future-- it gives the factoring firm a guaranteed resource of revenue to put into the list and it gives the trucking company the needed finances that they sweated to get.

 

The trucking company provides their accounts to the factoring enterprise. The trucking factoring provider then obtain the payments from the trucking company's customers. Factoring has been all around for hundreds of years and has been used for long times by several various fields-- but none more so than truckers. While you might possibly lose out on a small part of the money, something like 1-3 % depending on who you deal with, it means that you are getting the cash today and can actually start putting the cash to do work.

 

After all, an IOU or an invoice is not actually going to cover overheads, is it? For trucking companies when the hard earned cash can be great one day and gone the next, it is up to the drivers to work sensibly and to guarantee they are leaving themselves with a considerable volume of time and money to get through the week up until they are compensated again.

 

So the next instance your trucking company is enduring some temporary capital troubles and you are spending a lot of time chasing slowly paying clienteles, why not start thinking of utilizing a factoring businesses as a way to get your money and give yourself a more convenient future in the eyes of your trucking workers and your bank dividend?

 

 

 

 

 

 

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Traditional Bank Loans

 

Finance through a bank loan is the normal, or traditional, way of financing your business. These loans can be a life-saver, but they're not always available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Once the loan is paid off, you can then apply for another loan if the need arises.

 

Trucking Factoring Companies

 

Trucking Factoring companies do not 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. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating will not be affected. In the event that your business fails, you would not have to be concerned about someone coming after your personal or your business assets in order to pay off a loan. 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 great benefit of using the services of a Trucking Factoring company instead of a bank loan is that there is no collateral required for the Trucking Factoring company, because the Trucking Factoring company is buying your accounts receivables. 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. You'll receive the 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 you do not have to worry about monthly loan repayments, and you do not have to worry about the amount of interest payable, because all the money in the account is yours to spend.

 

As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. 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. The Trucking Factoring company takes over that chore, since it is now their money to collect. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.

 

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

 

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