Medium-Size freight brokerage companies, particularly those who have not been around for extremely long, will frequently discover it difficult to secure a loan. Banks are often reluctant to lend money to businesses that do not have a great deal of income and properties. They also want proof of the practicality of a business and hence require that a lot of operations, particularly small ones, been around for a certain quantity of time prior to they are eager to turn over any money. Because of this, a medium-size company commonly has few money creating alternatives when requires emerge. One choice readily available, but commonly overlooked, is factoring. This is an exceptional means for a small business to obtain cash.
Do You Do Any Of These Embarrassing Things? - Select An Accounts Receivable Factoring Company Instead Of A Regular Bank Funding
How to Enhance Cash Flow Without Borrowing -Cash Money flow is among the main reasons companies fail.
At one time or another, every company, even effective ones, have experienced bad money flow.
Cash flow does not have to be a problem any more. Do not be fooled -- banks are not the only places you can get funding. Other solutions are offered and you do not have to borrow money. What is truck factoring ? One solution is called truck factoring. Trucking Factoring is the procedure of selling invoices to an investor rather than waiting to collect the money from the
customer. Oh, the Irony- Trucking factoring has an ironic difference:
It is the financial
foundation of many of America's most successful businesses. Why is this paradoxical ? Since receivable loan funding is not taught in business colleges, is rarely mentioned in company strategies and is relatively unidentified to bulk of most of American business people.
Yet it is a financial process that frees billions of dollars every year, allowing thousands of businesses to grow and prosper. Receivable Funding has actually been around for countless years. Invoice Factoring Companies are financiers who pay cash for the right to get the future payments on your invoices. An overdue receivable or invoice has value. It is a financial obligation your client has agreed pay in the near future. Factoring Principals--Although factoring
offers solely with business-to-business transactions, a large percentage of the retail business uses 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 large Factoring Businesses of consumer paper. Consider it: You make a 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 prepared.
For this service, the charge card company charges XYZ Store a charge (typical common normal charges range from two to four percent of the sale). The Advantages Truck Factoring can offer numerous benefits to cash-hungry business. Instead of waiting 30, 60, 90 days or longer for payment on a product that has already been provided, a company can factor
(sell) its receivables for money at a small discount
off the dollar value of
the invoice. Payroll, marketing efforts, and working capital are just a few of the business requirements that can be satisfied with instant money.
Commercial Factoring provides the means for a manufacturer to replenish inventory and make more products to offer: There is no longer a need to await for earlier sales to be paid. FACTORING is not simply a cash management device for manufacturers: Almost any kind company can benefit from Trucking Factoring. Typically, a company that extends credit
will have 10 to 20 percent
of its yearly sales tied up in invoices at any given time. Think for a moment about exactly how much is bound in 60 days' worth of invoices: You can not pay the power bill or this week s payroll with a customer s invoice, but you can offer that invoice for the cash to satisfy those obligations. Using trucking factoring companies is a fast and simple procedure. The factor purchases the invoice at a discount, usually a few percentage
points less than the face value of the invoice.
0928679Primary Airport Albuquerque International SunportABQ (Major/International) Secondary Airport Double Eagle II Airport-KAEG (Public) Website www.cabq.gov Albuquerque i/'�lb??k?rki/ is the most populous city in the U.S. state of New Mexico. It is a high-altitude city and serves as the county seat of Bernalillo County, and it is situated in the central part of the state, straddling the Rio Grande. The city population was 555,417 as of the July 1, 2012, population estimate from the United States Census Bureau, and ranks as the 32nd-largest city in the U.S. The Albuquerque MSA has a population of 902,797 according to the United States Census Bureau's most recently available estimate for July 1, 2013. Albuquerque is the 59th-largest United States metropolitan area. The Albuquerque MSA population includes the city of Rio Rancho, Bernalillo, Placitas, Corrales, Los Lunas, Belen, Bosque Farms, and forms part of the larger Albuquerque � Santa Fe � Las Vegas combined statistical area, with a total population of 1,163,964 as of the July 1, 2013 Census Bureau estimates. With its population growing bigger over the years, Albuquerque is the fastest growing city in New Mexico by population.Albuquerque is home to the University of New Mexico (UNM), Kirtland Air Force Base, Sandia National Laboratories, Lovelace Respiratory Research Institute, Central New Mexico Community College (CNM), Presbyterian Health Services, and Petroglyph National Monument. The Sandia Mountains run along the eastern side of Albuquerque, and the Rio Grande flows through the city, north to south.Sandia National Laboratories, Kirtland Air Force Base, and the attendant contracting companies which bring highly educated workers to a somewhat isolated region. Intel operates a large semiconductor factory or ""fab"" in suburban Rio Rancho, in neighboring Sandoval County, with its attendant large capital investment. Northrop Grumman is located along I-25 in northeast Albuquerque, and TempurPedic is located on the West Mesa next to I-40.
Las Cruces, also known as ""The City of the Crosses"", is the county seat of Do�a Ana County, New Mexico, United States. As of 2013 the population is 101,324 making it the second largest city in the state, after Albuquerque. Las Cruces is the largest city in both Do�a Ana County and southern New Mexico. It is the principal city of a metropolitan statistical area which encompasses all of Do�a Ana County and is part of the larger El Paso�Las Cruces combined statistical area.Las Cruces is the economic and geographic center of the fertile Mesilla Valley, which is the agricultural region on the flood plain of the Rio Grande which extends from Hatch to the west side of El Paso, Texas. Las Cruces is also the home of New Mexico State University (NMSU), New Mexico's only land grant university. The city's major employer is the federal government on nearby White Sands Test Facility and White Sands Missile Range. The Organ Mountains, ten miles (16 km) to the east, are dominant in the city's landscape, along with the Do�a Ana Mountains, Robledo Mountains, and Picacho Peak. Las Cruces lies 225 miles (362 km) south of Albuquerque, New Mexico, 43 miles (69 km) northwest of El Paso, Texas and 60 miles (97 km) north of the Mexican border.Spaceport America, which lies 44 miles (71 km) north of Las Cruces, has seen the completion of several successful manned, suborbital flights. The city is also the headquarters for Virgin Galactic, the world's first company to offer sub-orbital spaceflights.Movies and TV series shot in Las Cruces include:
Rio Rancho (Spanish: R�o Rancho) is the largest city and economic hub of Sandoval County in the U.S. state of New Mexico. A small portion of the city extends into northern Bernalillo County. It is the third-largest and also one of the fastest growing cities in New Mexico. As of the 2010 census, Rio Rancho had a population of 87,521, a 69% rise from 2000. In 2012, the city had an estimated population of 90,818.Rio Rancho is part of the Albuquerque Metropolitan Statistical Area.The Intel Corporation is by far the largest employer in Rio Rancho. The services, retail, and government sectors are also major components of the local economy.
Santa Fe (/?s�nt?'fe?/; (Tewa: Ogha Po'oge, Navajo: Yoot�)) is the capital of the state of New Mexico. It is the fourth-largest city in the state and is the seat of Santa Fe County. Santa Fe is the oldest capital city in the United States and the oldest city in New Mexico. Santa Fe (meaning �holy faith� in Spanish) had a population of 69,204 in 2012. It is the principal city of a Metropolitan Statistical Area which encompasses all of Santa Fe County and is part of the larger Albuquerque-Santa Fe-Las Vegas Combined Statistical Area. The city�s full name when founded was La Villa Real de la Santa Fe de San Francisco de As�s (�The Royal Town of the Holy Faith of St. Francis of Assisi�).Santa Fe has had an association with science and technology since 1943 when the town served as the gateway to Los Alamos National Laboratory (LANL), a 45 minute drive from the city. In 1984, the Santa Fe Institute (SFI) was founded to research complex systems in the physical, biological, economic, and political sciences. It hosts such Nobel laureates as Murray Gell-Mann (physics), Philip Warren Anderson (physics), and Kenneth Arrow (economics). The National Center for Genome Resources (NCGR) was founded in 1994 to focus on research at the intersection among bioscience, computing, and mathematics. In the 1990s and 2000s several technology companies formed to commercialize technologies from LANL, SFI, and NCGR. This community of companies has been dubbed the ""Info Mesa.""
Roswell is a city in, and the county seat of, Chaves County in the southeastern quarter of the state of New Mexico, United States. As of the 2010 census it had a population of 48,411, making it the 5th largest city in New Mexico. It is a center for irrigation farming, dairying, ranching, manufacturing, distribution, and petroleum production. It is also the home of New Mexico Military Institute (NMMI), founded in 1891. Bitter Lake National Wildlife Refuge is located a few miles northeast of the city on the Pecos River. Bottomless Lakes State Park is located 12 miles (19 km) east of Roswell on US 380.Roswell is most popularly known for having its name attached to what is now called the 1947 Roswell UFO incident, even though the crash site of the alleged UFO was some 75 miles (121 km) from Roswell and closer to Corona. The investigation and debris recovery was handled by the local Roswell Army Air Field.
Farmington is a city in San Juan County in the US state of New Mexico. As of the 2013 population estimate from the United States Census Bureau the city had a total population of 45,426 people. Farmington (and surrounding San Juan County) makes up one of the four Metropolitan Statistical Areas (MSA's) in New Mexico. The U.S. Census Bureau's population estimate in 2011 for Farmington was about 45,256.Farmington is located at the junction of the San Juan River, the Animas River, and the La Plata River, and is located on the Colorado Plateau. Farmington is the largest City of San Juan County, one of the geographically largest counties in the United States covering 5,538 square miles (14,340 km2). The county seat and the other city in San Juan County is Aztec. Farmington serves as the commercial hub for most of northwestern New Mexico and the Four Corners region of four states. Farmington lies at or near the junction of three important highways U.S. Highway 550, U.S. Highway 64, and New Mexico Highway 371.It is on the Trails of the Ancients Byway, one of the designated New Mexico Scenic Byways.The primary industries of San Juan County are in the mining of petroleum, natural gas, and coal. Major coal mines are the Navajo and San Juan mines, operated by BHP Billiton 15 to 19 miles (24 to 31 km) southwest of Farmington. The coal mined from the Navajo and San Juan mines is used entirely for fuel for the nearby Four Corners Generating Station and San Juan Power Plant to produce electric power.Farmington is known across New Mexico and throughout the southwest for its baseball tournaments, and the Ricketts Ball Park is the home of the Connie Mack World Series. Farmington High School claimed the AAAA Baseball State Championship four years in a row from 2005 through 2008. Piedra Vista High School also claimed the AAAA Baseball State Championship in 2010 and 2011.
South Valley is a census-designated place (CDP) and town in Bernalillo County, New Mexico, United States. The population was 40,976 at the 2010 Census. It is part of the Albuquerque Metropolitan Statistical Area. The U.S. Postal Service uses ""Albuquerque"" for all South Valley addresses (ZIP code 87105).
Clovis is the county seat of Curry County, New Mexico, United States, with a population of 37,775 as of the 2010 census.Clovis is located in the New Mexico portion of the Llano Estacado, in the eastern part of the state. A largely agricultural community, it is noted for its role in early rock music history and for nearby Cannon Air Force Base.It is the principal city of the Clovis Micropolitan Statistical Area, which is part of the larger Clovis-Portales Combined Statistical Area.
Hobbs is a city in Lea County, New Mexico, United States. The population was 34,122 at the 2010 Census, increasing from 28,657 at the 2000 census.Hobbs is the principal city of the Hobbs, New Mexico Micropolitan Statistical Area, which includes all of Lea County.
Alamogordo /?�l?m?'g?rdo?/ is the county seat and economic center of Otero County in south-central New Mexico, United States. A city in the Tularosa Basin of the Chihuahuan desert, it is bordered on the east by the Sacramento Mountains. It is the city nearest to Holloman Air Force Base. The population was 30,403 as of the 2010 census. Alamogordo is known for its connection with the Trinity test, the first explosion of an atomic bomb, and also for the Atari video game burial of 1983.Humans have lived in the Alamogordo area for at least 11,000 years. The present settlement, established in 1898 to support the construction of the El Paso and Northeastern Railroad, is an early example of a planned community. The city was incorporated in 1912. Tourism became an important economic factor with the creation of White Sands National Monument in 1934. During the 1950-60s, Alamogordo was an unofficial center for research on pilot safety and the developing United States' space program.Alamogordo is a charter city with a council-manager form of government. City government provides a large number of recreational and leisure facilities for its citizens, including a large park in the center of the city, many smaller parks scattered through the city, a golf course, Alameda Park Zoo, a network of walking paths, Alamogordo Public Library, and a senior citizens' center. Gerald Champion Regional Medical Center is a nonprofit shared military/civilian facility that is also the hospital for Holloman.Alamogordo is the economic center of Otero County, with over half the Otero County population living within the city limits. Alamogordo today has very little manufacturing and has a primarily service and retail economy, driven by tourism, a large nearby military installation and a concentration of military retirees. In 2006 the per capita income in Otero County was $22,377 versus per capita income in New Mexico of $29,346.
0887199Primary Airport Cavern City Air TerminalCNM Website City of Carlsbad Carlsbad (/'k?rlzb�d/ KARLZ-bad) is the county seat of Eddy County, New Mexico, United States. As of the 2010 census, the city population was 26,138. Carlsbad is centered at the intersection of U.S. Routes 62/180 and 285, and is the principal city of the Carlsbad-Artesia Micropolitan Statistical Area, which has a total population of 55,435. Located in the Southeastern part of New Mexico, Carlsbad straddles the Pecos River and sits at the eastern edge of the Guadalupe Mountains.Carlsbad is a hub for potash mining, petroleum production, and tourism. Carlsbad Caverns National Park is located 18 mi (29 km) southwest of the city and Guadalupe Mountains National Park lies 40 miles southwest across the Texas border; the Lincoln National Forest is to the northwest of town.The economy of the Carlsbad area is based primarily on the mineral extraction sector; the city overlies the rich oil- and gas-producing formations of the Permian Basin and produces more potash than any other location in the United States. Carlsbad is home to the DOE's Carlsbad Field Office which operates the Waste Isolation Pilot Plant to safely store the transuranic nuclear wastes from the nation's defense sites. Tourism is a major factor with Carlsbad Caverns National Park, Guadalupe Mountains National Park, Lincoln National Forest, the Living Desert Zoo and Gardens State Park, and the annual Christmas on the Pecos Light Show all located within fifty miles of the city.
Gallup (Navajo: Na'n�zhoozh�) is a city in McKinley County, New Mexico, United States. The population was 21,678 at the 2010 census. It is the county seat of McKinley County and the most populous city between Flagstaff and Albuquerque.Gallup was also named as the winner in the Best of the Road Contest as the Most Patriotic Small Town in America for 2013.It is on the Trails of the Ancients Byway, one of the designated New Mexico Scenic Byways.
Deming is a city in Luna County, New Mexico, United States, located 60 miles (97 km) west of Las Cruces. It is also thirty-three miles north of the Mexican border. The population was 14,855 according to the 2010 census. Deming is the county seat and principal town of Luna County.Deming's economy is based on transportation, real estate, agriculture, energy, retirement, tourism, and the United States Department of Homeland Security. United States Border Patrol vehicles comprise a large fraction of Deming area road traffic.
Los Lunas is a village in Valencia County, New Mexico, in the United States. As of the 2010 census, the village population is 14,835 inside the village limits due to the new housing developments at El Cerro de Los Lunas (Huning Ranch). It is the county seat of Valencia County.Los Lunas is part of the Albuquerque Metropolitan Statistical Area. The name ""Los Lunas"" is a partial Anglicization of the name of the Luna family, who originally settled in the area (los Luna, in Spanish).
Chaparral is a census-designated place (CDP) in Do�a Ana County, New Mexico, United States. The population was 14,631 at the 2010 census. A portion of Chaparral is also in Otero County, New Mexico, United States.While there is some employment within Chaparral, Chaparral is primarily a bedroom community for the neighboring city of El Paso, Texas and the neighboring military installations of White Sands Missile Range and Fort Bliss. It is officially part of the Las Cruces Metropolitan Statistical Area.
Sunland Park, New Mexico, is a city in southern Do�a Ana County, on the borders of Texas and the Mexican state of Chihuahua, with Ciudad Juarez adjoining it on the south and El Paso, Texas on the east. The communities of Santa Teresa and La Union adjoin it on the northwest and north, respectively. The population of Sunland Park was 18,204 at the 2010 census. Though it lies adjacent to El Paso, being in Do�a Ana County makes it a part of the Las Cruces Metropolitan Statistical Area. Las Cruces is 30 miles to the north.The city is at the foot of Mount Cristo Rey, next to the Rio Grande, and is named for Sunland Park Racetrack & Casino, which lies within the city limits. The location was formerly called Anapra, a name shared by an adjacent slum area of Ciudad Juarez.
Las Vegas is a city and county seat of San Miguel County, New Mexico, United States. Once two separate municipalities (one a city and the other a town) both named Las Vegas, west Las Vegas (""Old Town"") and east Las Vegas (""New Town""), separated by the Gallinas River, retain distinct characters and separate, rival school districts. The population was 14,565 at the 2000 census. Las Vegas, NM is located 110 miles (180 km) south of Raton, New Mexico, 65 miles (105 km) east of Santa Fe, New Mexico, 122 miles (196 km) northeast of Albuquerque, New Mexico, 257 miles (414 km) south of Colorado Springs, Colorado, and 326 miles (525 km) south of Denver, Colorado.
Portales is a city in and the county seat of Roosevelt County, New Mexico, United States. The population was 12,280 at the 2010 census. Portales is located near the larger city of Clovis as well as Cannon Air Force Base, a major contributor to the economy of the region.Eastern New Mexico University opened in Portales in 1934 and has grown to become the third largest university in the state. Portales is one of the largest producers of peanuts in the United States and is the nation's top producer of Certified Organic peanut butter. Portales is home to over about 40 dairies and a major US dairy solids plant, together producing and exporting hundreds of millions of dollars of local milk products each year. Portales is the principal city of the Portales Micropolitan Statistical Area, which is part of the larger Clovis-Portales Combined Statistical Area, including Clovis, 19 miles (31 km) away and Cannon Air Force Base, 13 miles (21 km) away.The economy of Portales and surrounding communities is strongly supported by the peanut and dairy industries, Eastern New Mexico University, value-added food processing, a growing military presence, and agriculture (including cattle ranching, dairy farming, and crop production). In recent years, the economy of Portales has grown significantly along with the price and volume of agricultural commodities being produced in the region. The area around Portales is also drawing increased attention for its abundance of steady wind power, solar energy, and biofuel feedstock.
Los Alamos (Spanish: Los �lamos, meaning ""The cottonwoods"") is a townsite and census-designated place (CDP) in Los Alamos County, New Mexico, United States, built upon four mesas of the Pajarito Plateau and the adjoining White Rock Canyon. The population of the CDP was 12,019 at the 2010 Census. The townsite or ""the hill"" is one part of town while White Rock is also part of the town. Technically, both are part of the same incorporated city/county. Los Alamos is home to the Los Alamos National Laboratory, which was founded to undertake the Manhattan Project. Los Alamos County is an incorporated county, and many county offices are located at the townsite of Los Alamos. Los Alamos High School is the public high school of Los Alamos County. Before the Manhattan Project, the site was occupied by the Los Alamos Ranch School. Los Alamos has a county council which the people elect to four-year terms. The county council is seven members with four or three persons elected every two years to the four-year terms. The council elects a chairman and vice-chairman. Los Alamos is the 5th fastest growing city in New Mexico, after Albuquerque, Rio Rancho, Las Cruces, and Ruidoso.
North Valley is a census-designated place (CDP) in Bernalillo County, New Mexico, in the United States. As of the 2010 Census, the CDP population was 11,333. It is part of the Albuquerque Metropolitan Statistical Area. Another name for ""North Valley"" is ""North Albuquerque.""
Artesia is a city in Eddy County, New Mexico, United States, centered at the intersection of U.S. Route 82 and 285; the two highways serve as the city's Main Street and First Street, respectively. As of the 2000 census, the city population was 10,692.The principal economic activities which support Artesia are the oil and gas industry, agriculture and dairy. Prominent, local oil and gas businesses includeEnergy Corp. In the Fall of 2010, Concho Resources acquired most of Marbob Energy Corp's assets for nearly $1.6 billion. HollyFrontier Corporation also operates the Refinery, the largest refinery in New Mexico, at the corner of 1st and Main Street.
Lovington is a city in and the county seat of Lea County, New Mexico, United States. The population was 11,009 at the 2010 census.
Silver City is a town in Grant County in southwestern New Mexico, USA. In 2012 the population was 10,273. It is the county seat and the home of Western New Mexico University.Silver City was founded as a mining town. George Hearst built a smelter after the Silver City, Deming and Pacific narrow gauge railway reached Silver City in 1883. The Santa Fe Railroad provided standard gauge rail service in 1886; and Commanche Mining and Smelting extended the 2-foot narrow gauge Silver City, Pinos Altos and Mogollon Railroad to Pinos Altos in 1906.
Espa�ola /?sp?n'jo?l?/ is a city primarily in Rio Arriba County, New Mexico, in the United States. A portion of the central and eastern section of the city is in Santa Fe County. Espa�ola was founded in 1880 as a railroad village and incorporated as a city in 1925. The city is situated in an area Juan de O�ate declared a capital for Spain in 1598. Espa�ola has been called the first capital city in America. At the 2010 census, the city had a total population of 10,495. Espa�ola is within the Albuquerque � Santa Fe � Las Vegas combined statistical area.The Los Alamos National Laboratory in Los Alamos is the largest employer in Espa�ola, it accounts for over 12% employment of residents. The education sector is the second largest employer, the Espa�ola Public Schools is the 16th largest school district in New Mexico. Recently, Northern New Mexico College has expanded its degree programs and made massive improvements to its campus, adding a new library and a new School of Education. Larger local businesses include Akal Securities Inc, a security company that employees over 500 people.
Anthony is a city in Do�a Ana County, New Mexico, United States. The population was 9,360 at the 2010 census. It is located on the New Mexico�Texas state line in the Upper Mesilla Valley (immediately north of Anthony, Texas), and on Interstate 10, 27 miles south of Las Cruces and 21 miles north of El Paso, Texas. The city is part of the El Paso�Las Cruces combined statistical area.In an election held on January 5, 2010, Anthony residents voted in favor of incorporating the community. A total of 561 votes were cast, with 410 (73.1%) supporting the measure and 151 (26.9%) opposed. The new municipality officially came into existence on July 1, 2010.In its second elections held March 6, 2012 the City of Anthony voters elected two trustees, a new mayor and judge. The final results were as follows; for Mayor: Arnulfo Casta�eda, 224 (winner); Juan Acevedo, 181, Two trustees: James Scott, 231 (winner); Pilar Madrid, 255 (winner); Janny Brumlow, 160, for Municipal judge: Peggy Scott, 340 (winner) The total number of ballots cast in the election was 1,391, according to a canvass certificate. Of those, 1,244 were cast on election day, 136 were cast in early voting and 11 were cast in absentee voting.
Grants is a city in Cibola County, New Mexico, United States. It is located about 78 miles (126 km) west of Albuquerque. The population was 9,182 at the 2010 Census. It is the county seat of Cibola County.It is on the Trails of the Ancients Byway, one of the designated New Mexico Scenic Byways.
Socorro is a city in Socorro County in the U.S. state of New Mexico. It stands in the Rio Grande Valley at an elevation of 4,579 feet (1,396 m). In 2012 the population was 8,906. It is the county seat of Socorro County. Socorro is located 74 miles (119 km) south of Albuquerque and 146 miles (235 km) north of Las Cruces.
Bernalillo is a town in Sandoval County, New Mexico, in the United States. As of the 2000 census, the town population was 6,611. It is the county seat of Sandoval County.Bernalillo is part of the Albuquerque Metropolitan Statistical Area.
Shiprock (Navajo: Naat'�anii N��z) is a census-designated place (CDP) in San Juan County, New Mexico, United States, on the Navajo reservation. The population was 8,156 at the 2000 census. It is part of the Farmington Metropolitan Statistical Area.Shiprock is named after the nearby Shiprock rock formation. It is home to the annual Northern Navajo Fair, held every October. Since 1984, the community has been the host of the Shiprock Marathon and Relay. It is also home to a campus of Din� College (formerly Navajo Community College), a tribally controlled community college with seven other campuses across the Navajo Nation. It is the site of a Chapter House for the Navajo, a Bureau of Indian Affairs agency, the Northern Navajo Medical Center (an Indian Health Service hospital), and a branch of Farmington Public Library.Shiprock is a key road junction for truck traffic and tourists visiting the Four Corners, Mesa Verde, Shiprock and the Grand Canyon. The town lies at the intersection of U.S. Highway 64 and U.S. Highway 491 (formerly U.S. Highway 924).
Bloomfield (Navajo: Naabi'�n�) is a city in San Juan County, New Mexico, United States. It is part of the Farmington Metropolitan Statistical Area. The population was 8,112 at the 2010 census.It is on the Trails of the Ancients Byway, one of the designated New Mexico Scenic Byways.
Nickname(s): Join the Smile High ClubLiving in Natures Playground Location of Ruidoso, New Mexico Coordinates: 33�20'29?N 105�39'58?W? / ?33.34139�N 105.66611�W? / 33.34139; -105.66611Coordinates: 33�20'29?N 105�39'58?W? / ?33.34139�N 105.66611�W? / 33.34139; -105.66611 Country United States State New Mexico County Lincoln Government � Mayor Tom Battin Area � Total 14.0 sq mi (37.0 km2) � Land 14.3 sq mi (37.0 km2) � Water 0.63 sq mi (0.2 km2) Elevation 6,920 ft (2,051 m) Population (2000) � Total 8,029 � Density 340/sq mi (143.6/km2) Time zone Mountain (UTC-7) � Summer (DST) Mountain (UTC-6) ZIP codes 88345, 88355 Area code(s) 575 FIPS code 35-65210 GNIS feature ID 0923668 Website Ruidoso Valley Chamber of Commerce Ruidoso is a village in Lincoln County, New Mexico, United States, adjacent to the Lincoln National Forest. The population was 8,029 at the 2010 census. The cities of Ruidoso Downs, Hollywood, Mescalero, and Alto are suburbs of Ruidoso, and contribute to the Ruidoso Micropolitan Statistical Area's population of 21,223.A mountain resort town, Ruidoso lies in the rugged Sierra Blanca mountain range of southcentral New Mexico, where it merges with the Sacramento Mountains to the south. Ruidoso is a rapidly growing resort community due to the region's alpine scenery, the Ruidoso Downs racetrack, and the slopes of Ski Apache, the Mescalero Apache Tribe-owned ski resort on Sierra Blanca, a 12,000-foot (3,700 m) mountain. The tribe also operates the Inn of the Mountain Gods resort in the area, which includes a casino, hotel, and golf course. Ruidoso is the largest community in Lincoln County, and serves as the regional economic hub.Ruidoso has been experiencing explosive growth. Currently, Ruidoso is the 4th fastest growing city in New Mexico, after Albuquerque, Rio Rancho, and Las Cruces. Massive investment has poured into the town from many developers. Major projects including large housing subdivisions, condos, and retail establishments have altered the face of the once ""sleepy mountain community."" As a result, the Village is contending with serious questions about the adequac"
White Rock is a census-designated place (CDP) in Los Alamos County, New Mexico, United States. The population was 6,045 at the 2000 census. It is largely a bedroom community for employees of Los Alamos National Laboratory and their families. Access to White Rock from the town of Los Alamos and other cities and towns in New Mexico is via New Mexico State Road 4, which forms the northwestern boundary of the community. Administratively, White Rock is a neighborhood of Los Alamos; locals refer to Los Alamos (meaning not White Rock) as ""the Townsite,"" or ""the Hill"".
Taos /'ta?s/ is a town in Taos County in the north-central region of New Mexico in the Sangre de Cristo Mountains, incorporated in 1934. As of the 2010 census, its population was 5,716. Other nearby communities include Ranchos de Taos, Ca�on, Taos Canyon, Ranchitos, El Prado, and Arroyo Seco. The town is close to Taos Pueblo, the Native American village and tribe from which it takes its name.Taos is the county seat of Taos County. The English name Taos derives from the native Taos language meaning ""place of red willows"".Taos is the principal city of the Taos, NM Micropolitan Statistical Area, which includes all of Taos County.
Tucumcari is a city in and the county seat of Quay County, New Mexico, United States. The population was 5,363 at the 2010 census. Tucumcari was founded in 1901, two years before Quay County was founded.Income inequality rose from 1990 to 2000.
Rio Communities is a city in Valencia County, New Mexico, United States. Prior to its incorporation on May 16, 2013, it was a census-designated place (CDP). The CDP population was 4,213 as of the 2000 census.
Meadow Lake is a census-designated place (CDP) in Valencia County, New Mexico, United States. The population was 4,491 at the 2000 census. It is part of the Albuquerque Metropolitan Statistical Area.
El Cerro Mission is a census-designated place (CDP) in Valencia County, New Mexico, United States. The population was 4,657 at the 2010 census. It is part of the Albuquerque Metropolitan Statistical Area.
Santa Teresa is a census-designated place (CDP) in Do�a Ana County, New Mexico, United States. The population was 4258 at the 2010 census. It is part of the Las Cruces Metropolitan Statistical Area, although geographically it is considerably closer to El Paso, Texas than to Las Cruces.
Bosque Farms is a village in Valencia County, New Mexico, United States. The population was 4,092 at the 2010 census. It is part of the Albuquerque Metropolitan Statistical Area.
La Cienega is a census-designated place (CDP) in Santa Fe County, New Mexico, United States. It is part of the Santa Fe, New Mexico Metropolitan Statistical Area. The population was 3,007 at the 2000 census.
Edgewood is a town in Santa Fe County, New Mexico, United States, and is currently the fastest growing place in the state of New Mexico. Through annexations, its town boundaries now extend into Bernalillo and Torrance counties. It is part of the Santa Fe Metropolitan Statistical Area.Although in Santa Fe County, Edgewood lies closer to Albuquerque and in recent years has become a popular bedroom community for commuters. The town's population grew 97% between 2000 and 2010, from 1,893 to 3,735. Edgewood boasts a median household income of over $50,000 per year, a high number compared to the state averages.
Peralta is a town in Valencia County, New Mexico, United States. Prior to its incorporation on July 1, 2007, it was a census-designated place (CDP). The CDP population was 3,750 as of the 2000 census.Peralta is part of the Albuquerque Metropolitan Statistical Area.
Milan is a village in Cibola County, New Mexico, United States. The population was 3,245 at the 2010 census.A suburb of Grants, Milan's population has grown by over 1,300 between 2000 and 2010, a rate of 71.6%. Many new houses and service-oriented businesses are being built. Milan is the site of the privately run Cibola County Correctional Center, which houses more than 1,000 federal prisoners and is a major employer.
The United states Truck Association
specifies that there are about
195,000 workers with transportation
276,000 private providers trucking
firms accredited to
run in the States that transferred,
according to their newest data of millions
items, supplies and
standard materials .
There are several usual
teams on our nation
roadways carrying these
vital products to our
shops, factories and shipping ports.
Furthermore truck factoring
many of them and offer their
including the following states.
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
Because irrigation opportunities are few, most of the arable land is given over to grazing. There are many large ranches, with cattle and sheep on the open range year round. In the dry farming regions, the major crops are hay and sorghum grains. Onions, potatoes, and dairy products are also important. In addition, pi�on nuts, pinto beans, and chilis are crops particularly characteristic of New Mexico. Pinewood is the chief commercial wood. Much of the state's income is derived from its considerable mineral wealth. New Mexico is a leading producer of uranium ore, manganese ore, potash, salt, perlite, copper ore, natural gas, beryllium, and tin concentrates. The federal government is the largest employer in the state, accounting for over one quarter of New Mexico's jobs. A large percentage of government jobs in the state are related to the military; there are several air force bases, along with national observatories and the Los Alamos and Sandia laboratories. Climate and increasing population have aided New Mexico's effort to attract new industries; manufacturing, centered especially around Albuquerque, includes food and mineral processing and the production of chemicals, electrical equipment, and ordnance. High-technology manufacturing is increasingly important, much of it in the defense industryPetroleum and coal are also found in smaller quantities
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.
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.
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If you're like most drivers, you're looking for a better company in trucking that might be offering the best jobs in terms of pay, freight, and hometime ' not to mention benefits or a sign on bonus. We've got all of our clients listed based on the states where they're hiring, so you can quickly find the best job in your home state. You'll see the very best nationwide trucking companies that have positions available.
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Cunningham Truck & Haul have been operating their business since the mid 1980s. 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, Cunningham was a top rated accounts receivable mastermind of the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. The money was flowing, and times were great.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. And worse yet, Cunningham had noticed during the early part of 2008 that though the bulk of their clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. And as spring turmed to summer and summer into the early days of fall, Lewis Greene, CEO of Cunningham felt a chill go down his spine whenever he would look at the weekly A/R reports. The numbers of clients who owed him back debt were growing.He had gone to his administrators and asked them what the problem had been. Were they doing something wrong or different when it came to reaching out to delinquent accounts? By his bookkeepers records, this wasn't 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. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Cunningham hadn't gone elsewhere. They had just gone home.The situation looked dire to Lewis Greene. Lewis 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. In the evenings he would discuss his concerns with his wife, Stacy, and still find no relief from the worry and frustration.
""I have a bad feeling, Lin,"" he'd sadly say to his wife.""What could you do differently?"" she would say.Lewis would stare off for a moment and then close eyes. In his mind he could clearly see the fleet of trucks purchased over the many 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. What could cause this ultimate death spiral of business?""I think I know what it could be,"" said Lewis. ""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."" All Stacy could do was hold his hand and look at him tenderly. 'We know it is a difficult economy at the moment - perhaps it will take a while for people to get on top of their bills'.""Stacy was trying so hard to support her husband in these worrying times, while Lewis was weighed down with the worry of how he was going to handle this situation he found himself in.The next day Lewis strolled into his office and was determined to sit down and make every phone call to every client who had owed Cunningham money. This wasn't really a very efficient way for a Chief Executive to spend his day, and Lewis 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 Lewis was realising just how much trouble he was in.Poor Lewis 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.
""Can I have a word with you Lewis?"" she asked standing in the doorway.
""Sure thing Tracey, come on in."" Lewis leaned back in his chair and looked expectantly at Traceyerely.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Lewis."" She pulled a small stack of papers from a folder and set them on the desk before him.""Have you ever heard of factoring?"" she asked.""It does sound vaguely familiar. What is it?"" he said.""Well,"" she began, ""It�s actually quite simple really.
Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Immediately?"" Lewis interrupted.""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. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It provides a very broad view.""Lewis replied cautiously ""I see - and what happens then?""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. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.
This company tells us what the cost will be to purchase factoring for our accounts receivable. Once we arrive at a mutual agreement, the funding begins.�Lewis leaned forward and reviewed the paperwork closely.""I do not know, Tracey - it just sounds too good to be true"", Lewis said quietly.""Yes, I know; that's exactly what I thought at the beginning. But really, they have guaranteed us experts that do all the legwork, which would free us up here to focus on our clients in good standing and marketing, all that good stuff. They appear to be very flexible, Lewis,"" she underlined a paragraph on the paper before him.""Just how flexible?"" asked Lewis.""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. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" Lewis said.He took a deep breath and looked at his secretary with something she recognized as hope.""Precisely�. This could very well be the answer to resolving the problems we are having with these clients who still owe us money.""Lewis took a moment to think about this solution, and agreed with his secretary. The clients who owed them money were long standing friends and professional resources of Cunningham. Just because they were experiencing difficulties paying their own bills now, Lewis was very concerned about losing these relationships. Lewis knew only too well that the whole economy was floundering, and that it was not going to change overnight. That unknown amount of time, if he handled these debtors incorrectly, could spell disaster for both of them. He did not want to lose business but he also did not want to lose any more money.""Let me go over this tonight Tracey, and thankyou."" Tracey nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Lewis keep the shirt on his back, and possibly hers too.Lewis sat behind his desk and looked over the details Tracey had not mentioned in their meeting. What other issues could freight factoring help Cunningham with? Running his pencil down the sheet, he noted that the freight factoring company could assist with fuel costs, fuel advances, and fuel discount cards. In fact, Cunningham could receive up to fifty-percent cash advances upon load pick-ups. As a man who hated binding contracts with no room to breathe, he was pleased to see that this factoring company would not make him sign a long term contract, would not make him pay any sign up fees and there was no minimum volume required.""Well, I'll have to tell Joe about this,"" muttered Lewis to himself.Joe is Lewis's son-in-law, and he really admired the ideas behind Cunningham, so much so that only two years before he had started his own transportation service business. Lewis knew then what struggles Joe would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Cunningham was hurting, a little guy like Joe was about to catch his death. But, maybe the answer for both of them was in freight factoring, and Lewis was going to find out very soon.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, Lewis 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. Lewis recalled those dismal months when he wasn't aware of freight factoring, and he shuddered at those memories. He probably wouldn't be in business today had he not learned just in time about freight factoring.
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Factoring in the Future of a Trucking Business: A Story The phone was ringing on his desk, and Jamie Kim just sat there letting it ring. His morning coffee cooled and his cigarette smoked away in the tray: Jamie is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Kim Trucking Company had reached a turning point and he now had to make a decision as to whether he should sign up with a factoring company, and indeed if this would be a good or regrettable decision for his business.
More than forty years ago Jamie's father had started this business working as an owner-operator and eventually growing Kim Trucking Company into a fifteen trailer fleet. There had been some hard times when it seemed everything was going to go under and even Jamie�s mother strapped herself into a cab 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 Jamie�s hands and he wanted to live to see it in better shape for his sons.
To move Kim Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. He had employees to pay. They had families and household bills too. A few of the refrigerated trailers really needed some maintenance, and in order to stay competitive he really wanted to invest in specialized haulers to meet the increasing requests for loads of agricultural and energy equipment. Every time he had to turn down a request, Kim Trucking looked weak in a very strong market.
He knew what his father would have said - 'wait, take your time before adding new technology'. Jamie allowed himself a good hard chuckle. His father had been against placing GPS units in the cabs. He would say, �Why do you need the voice of some woman to tell you to get off at an exit that has been the same exit that has been there for years?� 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.
Jamie believed a successful man is always thinking of his next step. What would be the next step for Kim Trucking? And how would he be able to afford it? Funding was all tied up in the mortgage for the office and garage and in the fuel bills. He just finished paying off the small bank loan for installing satellite radio in the trucks for the guys.
He wondered about factoring - was this the answer for him? 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. 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 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.
Jamie had to really consider what his next step was going to be. 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. He knew he would have to be very careful if he was to avoid any of these shady companies?
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. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. 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. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It was good money.
It was really refreshing dealing with the factoring people. They were more personable than those loan managers at the bank. 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 didn�t worry over his credit and the debt troubles his father had had in the past of the company. Factoring was based on the credit of his customers and on their reliability which worked well for Jamie 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 wouldn�t think poorly of Kim Trucking and the factoring companies appeared capable of handling the accounts receivable in the same polite manner that his father had used over the years.
Jamie stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. He suddenly realized that, with this new cash flow, he could actually expand Kim 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?� Floyd Martin asked as he leaned back in his chair, crossing his legs. The woman sitting across the desk from Floyd smiled at him, shaking her head.�Not quite,� she said.Floyd was the owner of a small trucking company which had fallen on some hard times recently. Trucking could be a profitable business, and for a little under a decade, it had been for Jay. He named his business Douglas Trucking, named after Felix and Duane, his two grandfathers. They had both been hardworking men, and had done a lot to make Floyd the same.Disaster had struck half a year ago, when two trucks in Jay�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. Floyd depended on his full fleet, and missing two trucks was devastating . In addition, he just did not have the available cash to buy a new truck, plus repair the other one.Paying of bills in the trucking industry is always a major cause for concern for businesses.
Waiting a month or longer for bills to be paid was quite normal. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Floyd 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.That�s where the woman across the desk came in. Her name was Carla and she worked for a factoring company. Floyd 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.She sat there now, and 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.Floyd agreed. It sounded perfect - perhaps too good?.Carla 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.�Carla smiled, agreeing. �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. We all need help sometimes. That�s what we�re here for.""In any case, thank you for coming to see me.""No problem - I'm just down the road. We normally do it all online but I was happy to come and visit you today,� said Carla with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Floyd filled the form out, with Carla available to help him if he needed it. The completed profile gave Carla and her company all the information they needed on Jay'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 businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. As Floyd completed his form, Carla listened to his story and she felt quite sure he would be the ideal candidate for Factoring.Carla took the completed form and placed it in her briefcase. Standing up, she reached over the desk and shook Jay's hand. He also stood up, and they smiled at each other. They said their goodbyes and Floyd walked her to the door, and then returned to his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He leaned back and closed his eyes. He felt so drained: he had been flailing helplessly for so long, he just knew his business was going to collapse and probably take him with it. But now, after speaking to Carla 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.The long nights, where he couldn�t sleep. The sudden panic attacks, not matter where he was. He could feel it all fading 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 there, he was on the right path, and he was working to make things right.His mind wandered back to the very beginning, when he first started his business. At twenty-two and straight out of school he had opened a restaurant. It had been successful. Home cooking in his hometown, and he had done very well.But he had gotten bored. 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 half a year off, and in that time he thought to start Douglas Trucking. So he did it. For the second time in his short life he created a company from the ground up. He had been successful.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was nearing fifty. He was concerned that he just did not have the energy left to try and save the business. But he couldn�t give up. The idea of cutting his losses, shutting down, laying off his workers, it actually made him sick some nights. He didn�t know how to say quit.And now, because of factoring, he was sure he wouldn�t have to. Jay's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.
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The reason why Truck Firms Employ Factoring Firms.
As the operator of your own establishment, you may well be more than knowledgeable already of the challenge in making sure that cash flow matters do not become a difficulty down the line. Anyway, the most awful thing that can potentially develop for your firm is to find yourself dragged in a long and problematic condition that leaves you forever looking for the cash you really need on an recurring basis.
For any company in this case, the problem can come for waiting for work to clear up and actually be compensated into your balance. Invoices, checks, and the like can take a long time to actually to be taken care of which can certainly leave you with short-term capital dilemmas. Thankfully, there are options out there for businesses to consider-- and among these is factoring companies.
Factoring firms will, in substitution for your accounts, offer you with the finances today to ensure that you do not need to stress over the waiting period which could make paying out the expenses and getting materialsmore troublesome. With this form of system, invoice factoring can become tremendously useful for many firms who ought to avoid a cash trap which they have discovered themselves in.
Since, depending on the size of the project, it can take up to 60 days for many enterprises to get compensated then it is significant to cover your own back and not leave yourself cash short to settle the expenses. After all, how many enterprises have two months earnings just occupying there to cover all their costs till they get paid?
This is most notably true of truck firms. They often tend to manage great deals of invoices which means a notable volume of collection period concerns business owner themselves. Trying to get paid in time can become an incredible difficulty and this is the reason why you work with trucking factoring firms who are delighted to help out truckers primarily.
As most of us determine, trucking is an surprisingly big industry with many companies out there hiring hundreds of drivers. The sad thing is, several of these drivers end up in money troubles because they are still waiting for work from six weeks earlier to actually pay them. When this is the condition for a trucking business, turning to factoring companies for assistance might be the best alternative left.
This indicates that a truck company can pay off the paychecks of the personnel, keep all the cars filled with gas and continue to go up, rise and expand without consistently waiting for the cash which is taking too long to come in. Trucking Establishments operating without a factoring system applied are leaving themselves at notable risk, as competitors cash out rapidly and continue to develop.
There's absolutely not a thing to be stressed about when it comes to employing a Factoring firm-- they are not like a bank or somebody who is going to leave you with a large mound of financial obligation to repay. You give them legitimate invoices from output you have already completed , you are simply facilitating the repayment system.
In the United states of America, where truck companies prosper, factoring firms are not considered borrowing in any capacity. This private settlement then lets both groups to benefit and delight in a comfortable future-- it gives the factoring agency a secured resource of profit to include in the list and it furnishes the trucking firm the required money that they sweated to generate.
The trucking enterprise provides their statements to the factoring agency. The trucking factoring firm then acquire the installment payments from the trucking company's clients. Factoring has been in existence for centuries and has been utilized for decades by lots of varied sectors-- but none exceeding 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 receiving the cash today and can actually start off putting the funds to perform.
Once and for all, an IOU or an invoice is certainly not going to cover expenses, is it? For trucking enterprises when the money can be good one day and gone the next, it is up to the vehicle drivers to work sensibly and to ensure they are leaving themselves with a substantial quantity of time and money to get through the week up until they are compensated again.
So the next period your trucking establishment is enduring some momentary capital dilemmas and you are investing excessive time chasing slowly paying clienteles, why not begin taking into consideration using a factoring businesses as a way to get your cash and give yourself a more worry-free future in the eyes of your trucking workers and your bank dividend?
Traditional Bank Loans
Bank loans are an extremely traditional way for a business to get financing. These loans can be a life-saver, but they're not always available to every business. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it is usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose your entire business. Plus, the amount you apply for through the bank is the actual amount that you are going to receive. Of course, once that loan has been re-paid, you can always re-apply for another loan.
Trucking Factoring Companies
Trucking Factoring companies do not offer loans, and you do not go into debt when you get money from a Trucking Factoring company. 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 finance you can receive will be based on the amount you have earned and the accounts receivable you are prepared to sell. Once you have set up Trucking Factoring account it continues as long as you wish it too and the amount of money available to you even can grow as your business grows, giving you the ready cash you need to meet your own obligations.
Benefits of a Trucking Factoring Company Vs. A Bank Loan
Not every business can benefit from Trucking Factoring account financing because you have to have a business with accounts receivable, however there are many benefits for those who can access this type of finance.
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. Should the unforeseeable happen and your business fails, you will not have to worry about anyone coming after your personal as well as your business assets 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. There's no collateral required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable are being offered for financing. This means that it is easier for new businesses to access the finance they need through a Trucking Factoring company, providing their accounts receivable are in good order. A bank may believe you haven't been in business long enough to be able to cover this risk.
3. Receive Your Money Faster. With a Trucking Factoring company you can actually get the money you need faster. Once the Trucking Factoring company assures itself that the customers in your accounts receivable are likely to pay their debt, the money is usually in the account within 24 hours. 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. 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 you do not have to worry about monthly loan repayments, and you do not have to worry about the amount of interest payable, because all the money in the account is yours to spend.
As you can see from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The most important benefits is that once you sell your accounts receivable to the factory company, you do not have to take time away from running your business to collect the money owed from reluctant to pay customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very good at collecting these debts, saving you the time and effort that you need to devote to your growing company.
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.While a Trucking Factoring company is not the only way for your business to obtain the money it needs to keep growing, it does offer a type of financing well worth considering.