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Receivables Mysteriously Disappear from the Books - Our Freight Factoring Companies Can Provide
Your Freight Company The Money You Need

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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.

 

 

 

 

 

 

 

Receivables Mysteriously Disappear from the Books - Choose A Freight�Invoice Factoring Company  Instead Of A Traditional Bank Financing

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

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

Cash flow does not have to be an issue any more. Do not be fooled -- banks are not the only locations you can get funding. Other solutions are offered and you do not have to borrow. Exactly what is trucking factoring ? One solution is called truck factoring. Truck Factoring is the procedure of selling accounts receivable to a financier instead of waiting to gather the money from the client. Oh, the Irony- Trucking factoring has an ironic distinction: It is the monetary foundation of numerous of America's most successful companies. Why is this paradoxical ? Because receivable loan funding is not taught in business colleges, is rarely discussed in company strategies and is relatively unidentified to bulk of most of American company people.

Yet it is a financial process that frees billions of dollars every year, allowing countless companies to grow and prosper. FACTORING has actually been around for thousands of years. Receivable Loan Financing Businesses are financiers who pay money for the right to receive the future payments on your invoices. An overdue receivable or invoice has value. It is a debt your client has to pay in the near future. Factoring Principals--Although factoring offers exclusively with business-to-business deals, a large percentage of the retail company uses a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail deals. Utilizing the purest definition of the word, these large consumer finance business are truly just big FACTORING Companies of customer paper. Consider it: You make a purchase at Sears and charge it to your MasterCard. The shop makes money almost immediately, although you do not pay up until you are prepared.

For this service, the credit card company charges Sears a fee (typical common normal fees range from 2 to four percent of the sale). The Advantages Trucking Factoring can offer many advantages to cash-hungry business. Rather than wait 30, 60, 90 days or longer for payment on an item that has already been provided, a business can factor (sell) its receivables for money at a small price cut off the amount of the invoice. Payroll, advertising efforts, and working capital are simply a few of the company requirements that can be met with instant  money.

Trucking Factoring provides the means for a producer to renew stock and make more products to sell: There is no longer a need to wait for earlier sales to be paid. Receivable Loan Financing is not just a money management device for producers: Almost any type company can benefit from Receivable Loan Financing. Generally, a company that extends credit will have 10 to 20 percent of its yearly sales tied up in accounts receivable at any given time. Think for a minute about exactly how much is tied up in 60 days' worth of invoices: You can not pay the power bill or this week s payroll with a client s invoice, however you can offer that invoice for the money to meet those responsibilities. Using truck factoring companies is a quick and simple procedure. The factor buys the invoice at a price cut, usually a couple of percentage points less than the stated value of the invoice.

 

 

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The American Transportation Organization
states that there are about
195,000 work with transportation
firms and
300,000 personal providers trucking
firms certified to
operate in the States that transported,
according to their most current searchings for billions of
items, supplies and
fundamental products .
There are numerous typical
carriers either going solo or in
groups on our nation
roads transporting these
vital items to our
stores, factories and shipping ports.

Moreover trucking factoring
businesses benefit
several of them and offer their
accounts receivablesfinancing services
nationwideincluding
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

 

"

Service, retail, finance, insurance, shipping by air and sea, national defense, professional sports, tourism, and real estate all play a vital role in the area's economy. Hillsborough County alone has an estimated 740,000 employees, a figure which is projected to increase to 922,000 by 2015. Many corporations, such as large banks and telecommunications companies, maintain regional offices in Tampa. Tampa Convention Center, built at the site of Fort BrookeSeveral Fortune 1000 companies are headquartered in the metropolitan area, including .MacDill Air Force Base also remains a major employer as the parent installation for over 15,000 active uniformed military, Department of Defense (DoD) civil service and DoD contractor personnel in the Tampa Bay area. A significant majority of the civil service and contractor personnel are, in fact, themselves retired career military personnel. In addition to the 6th Air Mobility Wing, which is ""host wing"" for the base, MacDill is also home to Headquarters, United States Central Command (USCENTCOM), Headquarters, United States Special Operations Command (USSOCOM), the 927th Air Refueling Wing, Headquarters, United States Marine Forces Central Command (USMARCENT), Headquarters, United States Special Operations Command Central (USSOCCENT), and numerous other military activities of the active and reserve components of the armed forces.Downtown Tampa is undergoing significant development and redevelopment in line with a general national trend toward urban residential development. The Tampa Downtown Partnership notes development proceeding on 20 residential, hotel, and mixed-use projects as of April 2007. Many of the new downtown developments are nearing completion in the midst of a housing market slump, which has caused numerous projects to be delayed or revamped, and some of the 20 projects TDP lists have not broken ground and are being refinanced. Nonetheless several developments are nearing completion, which city leaders hope will make downtown into a 24-hour neighborhood instead of 9 to 5 business district. As it stands, Tampa residents face a decline in rent which has decreased an average of 2% next year. Nationally rent has decreased 4%. The Tampa Business Journal found Tampa to be the number two city for real estate investment in 2014.Tampa's port is now the seventh largest in the nation and Florida's largest tonnage port, handling nearly half of all seaborne commerce that passes through the state. Tampa currently ranks second in the state behind Miami in terms of cruise ship travel. T.MacDill Air Force Base[edit]Main article: MacDill Air Force Base A KC-135R stationed at MacDill flying over Tampa Bay.MacDill Air Force Base, located in south Tampa, was constructed as MacDill Field just prior to World War II. During the 1950s and 1960s, it was a Strategic Air Command base for B-47 and B-52 bombers. In the 1960s, it transitioned to a Tactical Air Command installation for F-4 Phantom II fighters, followed by F-16s in the 1980s. It is currently an Air Mobility Command installation, home to the 6th Air Mobility Wing, and includes both the 310th Airlift Squadron, flying the C-37, and the 91st Air Refueling Squadron, flying the KC-135. MacDill AFB is also home to the headquarters for two of the U.S. military's joint warfighting commands: Headquarters, United States Central Command (CENTCOM), and Headquarters, United States Special Operations Command (SOCOM). Both commands are independent from one another and each is commanded by a respective 4-star general or admiral.The MacDill AFB flight line was temporarily closed and the 56th Fighter Wing transferred to Luke AFB, Arizona following the 1991 round of base closings under the Base Realignment and Closure Commission (BRAC) discussions; at the time, the base was used for F-16 fighter training and operations and increasing level of civilian air traffic in the Tampa Bay area was considered detrimental to training. The noise produced by the fighter aircraft was also considered inappropriate in a densely populated area. However, despite committee recommendations, the base remained open to house and support CENTCOM and SOCOM under the cognizance of the newly activated 6th Air Base Wing. With the disestablishment of Tactical Air Command a few months later, claimancy for MacDill passed to the newly created Air Combat Command.The MacDill flight line was initially reopened in 1992 to temporarily support F-16 aircraft from the 31st Fighter Wing and the Air Force Reserve's 482d Fighter Wing, following the destruction of their home station, Homestead AFB, Florida, in the wake of Hurricane Andrew. In 1993 the MacDill flightline was permanently reopened for NOAA WP-3D ""hurricane hunter"" operations, which had relocated from Miami International Airport.In 1996, the 91st Air Refueling Squadron moved to MacDill from Malmstrom Air Force Base, Montana, the 6th Air Base Wing was renamed the 6th Air Refueling Wing. It was renamed the 6th Air Mobility Wing after the 310th Airlift Squadron was activated on the base and the installation officially came under the Air Mobility Command.Approximately 14,000 people work at MacDill Air Force Base, with a significant number of military personnel and their families living on base in military housing, while remaining servicemembers and military families live off base in the Tampa Bay area. MacDill AFB is a significant contributor to Tampa's economy and the city is very supportive of the military community. In 2001 and 2003, the Tampa Bay area was awarded the Abilene Trophy, which annually honors the most supportive Air Force city in Air Mobility Command.MacDill also hosts an annual air show that is enjoyed by thousands of spectators each year. However, there were no shows in 2002 and 2003 due to 9/11. The 2006 show was also canceled due to security concerns on base, but was reinstated in 2008. In 2008, pursuant to BRAC 2005, the Air Force Reserve Command's 927th Air Refueling Wing (927 ARW) relocated without aircraft or equipment from Selfridge Air National Guard Base, Michigan to MacDill AFB, where it became an ""Associate"" wing to the 6th Air Mobility Wing sharing the same KC-135R Stratotanker aircraft.Tampa is a city in and the county seat of Hillsborough County, Florida, United States located on the west coast of Florida on Tampa Bay, near the Gulf of Mexico. The city had a population of 346,037 in 2011.The current location of Tampa was once inhabited by indigenous peoples of the Safety Harbor culture, most notably the Tocobaga and the Pohoy, who lived along the shores of Tampa Bay. It was explored by Spanish explorers in the 16th century, resulting in brief and violent coicts with the native peoples and the introduction of European diseases, which wiped out the original native cultures over the next few decades. While Spain claimed Florida as part of New Spain, it did not found a colony in the Tampa area, and there were no permanent American or European settlements within today's city limits until after the United States had acquired Florida from Spain in 1819. In 1824, the United States Army established a frontier outpost called Fort Brooke at the mouth of the Hillsborough River, near the site of today's Tampa Convention Center. The first civilian residents were pioneers who settled near the fort for protection from the nearby Seminole population, and the small village was first incorporated as ""Tampa"" in 1849. The town grew slowly until the 1880s, when railroad links, the discovery of phosphate, and the arrival of the cigar industry jump-started its development, helping it to grow from a quiet village of less than 800 residents in 1880 to a bustling city of over 30,000 by the early 1900s.Today, Tampa is a part of the metropolitan area most commonly referred to as the Tampa Bay Area. For U.S. Census purposes, Tampa is part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C. and Atlanta.[15] The Greater Tampa Bay area has over 4 million residents and generally includes the Tampa and Sarasota metro areas. The Tampa Bay Partnership and U.S. Census data showed an average annual growth of 2.47 percent, or a gain of approximately 97,000 residents per year. Between 2000 and 2006, the Greater Tampa Bay Market experienced a combined growth rate of 14.8 percent, growing from 3.4 million to 3.9 million and hitting the 4 million population mark on April 1, 2007.[16] A 2012 estimate shows the Tampa Bay area population to have 4,310,524 people and a 2017 projection of 4,536,854 people.[17]In 2008, Tampa was ranked as the 5th best outdoor city by Forbes.[18] A 2004 survey by the NYU newspaper Washington Square News ranked Tampa as a top city for ""twenty-somethings.""[19] Tampa also ranks as the fifth most popular American city, based on where people want to live, according to a 2009 Pew Research Center study.[20] Tampa is now ranked as a ""Gamma+"" world city by Loughborough University.[21

 

"

 

Watch Our Truck Factoring YouTube Videos For More Information

 

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:

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.

 

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

List of Trucking Companies for Owner/Operators and Company Drivers

 

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

List of Trucking Companies for Owner/Operators and Company Drivers

 

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.

 

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.

 

"

Hall Truck & Haul have been operating their business since the mid 1980s. For more than twenty years they've been delivering goods for most major industries in the nation, with business booming as they traversed the country, in all kinds of weather, for all kinds of clients. During the boom times from 2002 to 2007 Hall Truck & Haul was the mastermind of a top-rated accounts receivable in the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. 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 to a crawl

 

. And worse yet, Hall 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. Spring changed to summer, summer changed to fall, and the CEO of Hall, Gary Morales, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. The numbers of clients who owed him back debt were growing.He had already been to the administrators to ask what the actual problem was. Were they doing things different, or wrong, when it came to collecting overdue accounts? By his bookkeepers records, this wasn't the case. He thought perhaps that he was losing clients to a competitor who offered rock-bottom prices with little to no guarantee of quality performance, and that the folks who owed Hall money had jumped ship and decided to leave him holding the bag.

 

. Perhaps they were unable to pay their debt to him, but were able to meet the costs of a lesser service. 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. They had just gone home.To Gary Morales the situation looked desperate. There were goods to ship, employees to pay, trucks to repair and maintain, and continuous overheads that were very extensive when compared to the funds (or lack of) that were incoming. At night he would speak to his wife Jessica and shake his head in frustration.

 

""Lin, I have a really bad feeling,"" he would say with deep woe.""Well, what do you think it is?"" she would ask.Gary 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. What could cause this ultimate death spiral of business?""I think I know what it could be,"" Gary said. ""I've relied too long on the profits I receive from invoices alone. I've let too many of our customers go too long without paying on their bills."" Jessica would look at her husband lovingly, and holding his hand would say 'it is such a harsh economy these days and our clients must be having difficulty meeting their responsibilities'.""Gary knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds.The next day Gary strolled into his office and was determined to sit down and make every phone call to every client who had owed Hall money. Now, it wasn't the most efficient way to spend a day as a chief executive, what he really needed to be doing was to be overseeing all of the other intricacies of shipment and delivery and reaching out to prospective clients or retraining his sales team to do the same. 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, Gary 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 Christina knocked at his door.

 

""Can I have a word with you Gary?"" she queried, standing in the doorway.

 

""Sure thing Christina, come on in."" Gary leaned back in his chair and looked expectantly at Christina.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Gary."" She opened up a folder she had been carrying and pulled out a small wad of papers, placing them on the desk in front of him.""Have you ever heard the word factoring?"" she asked.""It does sound vaguely familiar. What is factoring""? he asked.""Well,"" she began, ""It�s actually quite simple really.

 

So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Gary interrupted ""Immediately?"".""Yes, immediately,"" she continued, ""it is actually very simple. We start by having a professional account manager review our figures and help us set up a company profile. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. 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,� Gary 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. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.

 

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.�Gary was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Christina,"" 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, Gary,"" she underlined a paragraph on the paper before him.""How flexible?"" asked Gary.""They personalize the factoring rates so that the amount they are willing to take on is commensurate with our needs and our client�s debt. It only takes 2 to 4 days for this to be figured out. ""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. it is imperative that we keep the business rolling as usual, and every day we go unpaid we are getting closer and closer to dealing with some serious issues in both the short term and the long term,"" said Gary.Gary took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Exactly�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Gary thought about this and agreed with Christina. The customers who were in debt to Hall Truck & Haul were professional resources of the company, but they were also long-standing friends. Gary wasn't prepared to lose these relationships just because they were having financial issues at the moment. 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. If he did not handle these debtors in the right way, that unknown amount of time could spell disaster for all of them. 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 Christina, and thankyou."" Christina nodded, satisfied with her work, and she left the office feeling quite content in the knowledge that she had helped Gary keep the shirt on his back, and possibly hers too.Gary sat behind his desk and looked over the details Christina had not mentioned in their meeting. He wondered if there might be other problems freight factoring could help Hall Truck & Haul 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. Gary was surprised: it said that his company could get up to fifty percent cash advances on load pickups. Gary was a typical business man: he despised binding contracts that did not allow room to breathe, so he was pleasantly surprised to see that the factoring company did not require a long term contract, that there was no minimum volume required, and that there were no sign-up fees.""Well, I'll have to tell Allen about this,"" muttered Gary to himself.Allen is Gary's son-in-law, and he really admired the ideas behind Hall, so much so that only two years before he had started his own transportation service business. At that time Gary knew the struggles Allen would face, but he still encouraged him to follow his dream. With the faltering economy, if a big fish like Hall was hurting, a little guy like Allen was about to catch his death. But, maybe the answer for both of them was in freight factoring, and Gary was going to find out very soon.A few short months later, after completing the application process, having the legal experts review his credit history, accounts receivable, and statements, finally Gary was beginning to find his way out of the hole his debtors had created for him.They adopted reasonable factoring purchase contracts and stopped wasting their own precious time trying to collect debts. They took that time and refocused effort to offering competitive prices in new territories. Gary looked back on the dismal months of life before freight factoring and almost shuddered at the thought. If Gary hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

"

Service, retail, finance, insurance, shipping by air and sea, national defense, professional sports, tourism, and real estate all play a vital role in the area's economy. Hillsborough County alone has an estimated 740,000 employees, a figure which is projected to increase to 922,000 by 2015. Many corporations, such as large banks and telecommunications companies, maintain regional offices in Tampa. Tampa Convention Center, built at the site of Fort BrookeSeveral Fortune 1000 companies are headquartered in the metropolitan area, including .MacDill Air Force Base also remains a major employer as the parent installation for over 15,000 active uniformed military, Department of Defense (DoD) civil service and DoD contractor personnel in the Tampa Bay area. A significant majority of the civil service and contractor personnel are, in fact, themselves retired career military personnel. In addition to the 6th Air Mobility Wing, which is ""host wing"" for the base, MacDill is also home to Headquarters, United States Central Command (USCENTCOM), Headquarters, United States Special Operations Command (USSOCOM), the 927th Air Refueling Wing, Headquarters, United States Marine Forces Central Command (USMARCENT), Headquarters, United States Special Operations Command Central (USSOCCENT), and numerous other military activities of the active and reserve components of the armed forces.Downtown Tampa is undergoing significant development and redevelopment in line with a general national trend toward urban residential development. The Tampa Downtown Partnership notes development proceeding on 20 residential, hotel, and mixed-use projects as of April 2007. Many of the new downtown developments are nearing completion in the midst of a housing market slump, which has caused numerous projects to be delayed or revamped, and some of the 20 projects TDP lists have not broken ground and are being refinanced. Nonetheless several developments are nearing completion, which city leaders hope will make downtown into a 24-hour neighborhood instead of 9 to 5 business district. As it stands, Tampa residents face a decline in rent which has decreased an average of 2% next year. Nationally rent has decreased 4%. The Tampa Business Journal found Tampa to be the number two city for real estate investment in 2014.Tampa's port is now the seventh largest in the nation and Florida's largest tonnage port, handling nearly half of all seaborne commerce that passes through the state. Tampa currently ranks second in the state behind Miami in terms of cruise ship travel. T.MacDill Air Force Base[edit]Main article: MacDill Air Force Base A KC-135R stationed at MacDill flying over Tampa Bay.MacDill Air Force Base, located in south Tampa, was constructed as MacDill Field just prior to World War II. During the 1950s and 1960s, it was a Strategic Air Command base for B-47 and B-52 bombers. In the 1960s, it transitioned to a Tactical Air Command installation for F-4 Phantom II fighters, followed by F-16s in the 1980s. It is currently an Air Mobility Command installation, home to the 6th Air Mobility Wing, and includes both the 310th Airlift Squadron, flying the C-37, and the 91st Air Refueling Squadron, flying the KC-135. MacDill AFB is also home to the headquarters for two of the U.S. military's joint warfighting commands: Headquarters, United States Central Command (CENTCOM), and Headquarters, United States Special Operations Command (SOCOM). Both commands are independent from one another and each is commanded by a respective 4-star general or admiral.The MacDill AFB flight line was temporarily closed and the 56th Fighter Wing transferred to Luke AFB, Arizona following the 1991 round of base closings under the Base Realignment and Closure Commission (BRAC) discussions; at the time, the base was used for F-16 fighter training and operations and increasing level of civilian air traffic in the Tampa Bay area was considered detrimental to training. The noise produced by the fighter aircraft was also considered inappropriate in a densely populated area. However, despite committee recommendations, the base remained open to house and support CENTCOM and SOCOM under the cognizance of the newly activated 6th Air Base Wing. With the disestablishment of Tactical Air Command a few months later, claimancy for MacDill passed to the newly created Air Combat Command.The MacDill flight line was initially reopened in 1992 to temporarily support F-16 aircraft from the 31st Fighter Wing and the Air Force Reserve's 482d Fighter Wing, following the destruction of their home station, Homestead AFB, Florida, in the wake of Hurricane Andrew. In 1993 the MacDill flightline was permanently reopened for NOAA WP-3D ""hurricane hunter"" operations, which had relocated from Miami International Airport.In 1996, the 91st Air Refueling Squadron moved to MacDill from Malmstrom Air Force Base, Montana, the 6th Air Base Wing was renamed the 6th Air Refueling Wing. It was renamed the 6th Air Mobility Wing after the 310th Airlift Squadron was activated on the base and the installation officially came under the Air Mobility Command.Approximately 14,000 people work at MacDill Air Force Base, with a significant number of military personnel and their families living on base in military housing, while remaining servicemembers and military families live off base in the Tampa Bay area. MacDill AFB is a significant contributor to Tampa's economy and the city is very supportive of the military community. In 2001 and 2003, the Tampa Bay area was awarded the Abilene Trophy, which annually honors the most supportive Air Force city in Air Mobility Command.MacDill also hosts an annual air show that is enjoyed by thousands of spectators each year. However, there were no shows in 2002 and 2003 due to 9/11. The 2006 show was also canceled due to security concerns on base, but was reinstated in 2008. In 2008, pursuant to BRAC 2005, the Air Force Reserve Command's 927th Air Refueling Wing (927 ARW) relocated without aircraft or equipment from Selfridge Air National Guard Base, Michigan to MacDill AFB, where it became an ""Associate"" wing to the 6th Air Mobility Wing sharing the same KC-135R Stratotanker aircraft.Tampa is a city in and the county seat of Hillsborough County, Florida, United States located on the west coast of Florida on Tampa Bay, near the Gulf of Mexico. The city had a population of 346,037 in 2011.The current location of Tampa was once inhabited by indigenous peoples of the Safety Harbor culture, most notably the Tocobaga and the Pohoy, who lived along the shores of Tampa Bay. It was explored by Spanish explorers in the 16th century, resulting in brief and violent coicts with the native peoples and the introduction of European diseases, which wiped out the original native cultures over the next few decades. While Spain claimed Florida as part of New Spain, it did not found a colony in the Tampa area, and there were no permanent American or European settlements within today's city limits until after the United States had acquired Florida from Spain in 1819. In 1824, the United States Army established a frontier outpost called Fort Brooke at the mouth of the Hillsborough River, near the site of today's Tampa Convention Center. The first civilian residents were pioneers who settled near the fort for protection from the nearby Seminole population, and the small village was first incorporated as ""Tampa"" in 1849. The town grew slowly until the 1880s, when railroad links, the discovery of phosphate, and the arrival of the cigar industry jump-started its development, helping it to grow from a quiet village of less than 800 residents in 1880 to a bustling city of over 30,000 by the early 1900s.Today, Tampa is a part of the metropolitan area most commonly referred to as the Tampa Bay Area. For U.S. Census purposes, Tampa is part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C. and Atlanta.[15] The Greater Tampa Bay area has over 4 million residents and generally includes the Tampa and Sarasota metro areas. The Tampa Bay Partnership and U.S. Census data showed an average annual growth of 2.47 percent, or a gain of approximately 97,000 residents per year. Between 2000 and 2006, the Greater Tampa Bay Market experienced a combined growth rate of 14.8 percent, growing from 3.4 million to 3.9 million and hitting the 4 million population mark on April 1, 2007.[16] A 2012 estimate shows the Tampa Bay area population to have 4,310,524 people and a 2017 projection of 4,536,854 people.[17]In 2008, Tampa was ranked as the 5th best outdoor city by Forbes.[18] A 2004 survey by the NYU newspaper Washington Square News ranked Tampa as a top city for ""twenty-somethings.""[19] Tampa also ranks as the fifth most popular American city, based on where people want to live, according to a 2009 Pew Research Center study.[20] Tampa is now ranked as a ""Gamma+"" world city by Loughborough University.[21

 

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More Trucking Factoring Companies Story Articles

Factoring in the Future of a Trucking Business: A Story The phone was ringing on his desk, and Alexander Reyes just sat there letting it ring. His morning coffee cooled and his cigarette smoked away in the tray: Alexander is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Reyes 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.

 

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

 

To move Reyes 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. He knew that turning down these requests made Reyes Trucking look inefficient and weak in what was currently a strong market.

 

His father would have told him to wait and to take his time adding on new technology. Alexander chuckled, thinking about his father. His father had been against placing GPS units in the cabs. He would say, �Why do you need the voice of some woman to tell you to get off at an exit that has been the same exit that has been there for years?� 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.

 

Alexander knew he was right in his forward thinking. What would be the next step for Reyes Trucking? More importantly, how could he afford it? Funding was all tied up in the mortgage for the office and garage and in the fuel bills. Thankfully he'd just finished paying off the bank loan for the installation of satellite radio in the trucks.

 

But was factoring the answer? If he was being honest, he did not really understand how it all worked. It sounded a lot like ninth grade algebra which just didn�t feel like it belonged as part of the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. The factoring company gives the trucking business its payment right away which allows the business to have continuous cash flow so it can pay employees, buy fuel, and make repairs for upcoming hauls. Without 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.

 

Alexander 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. Worse still, if the customer defaulted on payment, the factoring company takes it out of the money supposedly 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. 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. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Customer service appeared to understand their company and explained in clear, concise English exactly how it all worked. He didn�t mind signing an exclusive contract. He liked the idea of a long term commitment so he knew he wouldn�t have to bother going back and forth to different companies and wasting time filing more forms. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. Many companies offered a non-recourse factoring program that suited him just fine. 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. It seemed as though those bank people spoke another language, but these factoring guys knew the trucking business and spoke to him like a client, not like a beggar for a handout. The factoring companies were not interested in his credit nor the financial problems his father had experienced in the past. Factoring was based on the credit of his customers and on their reliability which worked well for Alexander 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 Reyes 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.

 

Alexander stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. With the capabilities of this new cash flow, Alexander could actually expand Reyes Trucking Company further across the country and perhaps even go international into Canada. 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?� Chad Andrews asked as he leaned back in his chair, crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she stated.Chad was the owner of a small trucking company which had fallen on some hard times recently. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Joshua. His company was called Meyer Trucking, named after both of his grandfathers, Chad and Kyle. They had both been hardworking men, and had done a lot to make Chad the same.Six months ago disaster struck Joshua's business when two out of his fleet of fifteen trucks were taken off the road.

 

One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. Chad 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 Chad had on hand.A big problem a lot of trucking companies came across was how bills were paid in the industry. 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.Chad was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.That�s where the woman across the desk came in. Her name was Rita and she worked for a factoring company. He had accidentally come across her company one night when he was working late, searching the internet to see if there was some solution to his financial dilemma.She sat there now, and explained. �it is really not a loan at all: we actually buy 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.Chad agreed. It sounded good to him, almost too good.The woman laughed. �I'm not sure that you believe me,� she chuckled.�Oh no, I do: it just sounds too good to be true. I thought I was going to lose my company.�Rita nodded. �Yes, we get a lot of that. Listen, I�d hate to see you lose your company. We know how hard you work, and that you've invested everything in your business. We all need help sometimes. That�s what we�re here for.""Well, I'm very grateful that you came to see me today.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� Rita said with a smile. �Let�s see what we can do to help you.�And right there and then they created a business profile. Chad completed the form, with Rita offering advice as needed.

 

The profile filled Rita and her company in on Joshua�s company, and would help them determine if he was suitable for factoring. Unfortunately, not all companies are. Some were beyond factoring special brand of help, and sometimes things weren�t even dire enough for it. Listening as Chad filled out his form, Rita was pretty sure he was a perfect candidate for factoring.When the form was done Rita took it and slid it into her briefcase. She then stood, reached across the desk and shook Joshua�s hand. He stood before they shook as well, and then smiled. They said their goodbyes and Chad 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 Rita 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 terrifying panic attacks that occurred regardless of 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.Chad couldn�t help but think back to when he had first started the business. At twenty-two and straight out of school he had opened a restaurant. It had been successful. Offering home cooking in his own hometown, his business had really prospered.But it wasn't what he really wanted to do. His passion didn�t lie with the food industry. He thought long and hard, and then he decided to sell the restaurant. He took half a year off, and in that time he thought to start Meyer Trucking. And that's exactly what he did. For the second time in his short life he created 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 was concerned that he just did not have the energy left to try and save the business. But he couldn�t give up. Just the thought of shutting down, cutting his losses, laying off his workers - the whole thing made him physically sick some nights. He did not want to quit - both for himself and for his staff members.And now it seemed as though he would not have to - all because of Factoring. Joshua's eyes opened, he sat forward in his chair and turned on his computer. 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

Precisely why Trucking Firms Employ Factoring Companies.

 

As the operator of your own business, you may perhaps be more than wary already of the hardship in making certain that capital issues do not become a problem down the line. After all, the most awful thing that can potentially take place for your firm is to find yourself swept up in a long and tough situation that leaves you forever searching for the funds you really need on an continuous manner.

 

For pretty much any company in this scenario, the trouble can come for waiting for work to lapse and actually be compensated into your bank account. Invoices, checks, and the like could take a while to actually to beprocessed which can leave you with momentary cash flow problems. Gratefully, there are opportunities out there for establishments to check out-- and just one of these is factoring agencies.

 

Factoring agencies will, in trade for your bill of sales, provide you with the cash right now to ensure you do not need to worry about the waiting time span that could make paying out the bills and acquiring materialsmore challenging. With this kind of arrangement, invoice factoring can end up being exceptionally beneficial for various companies who ought to get out of a cash pitfall which they have gotten themselves in.

 

Simply because, relying on the scale of the job, it can take up to 60 days for a number of companies to get compensated then it is crucial to blanket your own back and not leave yourself cash short to pay off the costs. After all, how many enterprises have two months revenue just occupying there to address all their expenditures until they earn?

 

This is most notably correct of truck enterprises. They have the tendency to handle numbers of statements which means a huge volume of collection period demands business owner themselves. Making an effort to get paid out promptly can eventually become an unbelievable inconvenience and this is why you use truck factoring organizations who are thrilled to help out truckers particularly.

 

As most of us know, trucking is an remarkably huge market with lots of firms out there employing hundreds of operators. Regrettably, plenty of these drivers land up in finances issues simply because they are still expecting work from six weeks previously to actually compensate them. When this is the circumstance for a trucking agency, choosing factoring agencies for solutions may be the best option left.

 

This indicates that a trucking organization can pay out the paychecks of the staff, keep all the vehicles refilled with fuel and continue to scale, thrive and expand without continually waiting for the cash which is taking too prolonged to come in. Trucking Businesses operating without a factoring system used are leaving themselves at notable threat, as competitions cash out rapidly and go on to broaden.

 

There's honestly not a thing to be distressed about when it comes to working with a Factoring firm-- they typically are not like a bank or somebody who is going to leave you with a substantial stockpile of financial obligation to repay. You give them authentic invoices from work you have already completed , you are just hastening the repayment process.

 

In the United states of America, where trucking enterprises grow, factoring providers are not considered taking on loan in any capacity. This private contract then permits both groups to profit and indulge in a comfortable future-- it provides the factoring agency a guaranteed resource of money to add to the list and it supplies the trucking firm the required money that they worked hard to earn.

 

The trucking firm bestows their accounts to the factoring business. The trucking factoring company then obtain the installment payments from the trucking company's customers. Factoring has been in existence for hundreds of years and has been employed for many years by many different industries-- but none much more so than truckers. While you may well miss out on a small part of the money, something like 1-3 % depending upon who you partner with, it means that you are acquiring the finances today and can actually start off putting the resources to work.

 

Anyway, an IOU or an invoice is certainly not going to pay for overheads, is it? For trucking enterprises when the income can be excellent one day and gone the next, it is up to the drivers to work prudently and to make certain they are leaving themselves with a considerable quantity of time and finance to get through the week until they are paid for again.

 

So the next instance your trucking company is bearing some momentary cash flow troubles and you are investing a lot of time chasing slow paying clienteles, why not begin looking into employing a factoring companies as a method to get your cash and give yourself a more comfortable future in the eyes of your trucking team and your bank difference?

 

 

 

 

 

 

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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.

 

What Are Trucking Factoring Companies?

 

Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. Trucking Factoring companies actually purchase your accounts receivable or at least part of them for a percentage of their total worth, Normally around 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

 

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. There is no debt. You do not incur debt as you do with a bank loan because the Trucking Factoring company actually purchases your accounts receivable. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating will not be affected. 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. The debt goes onto your credit report with a bank loan, with only one missed payment adversely affecting your business credit: it would also affect your ability to secure insurance, and may reflect on your personal credit rating as well.

 

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. Receive Your Money Faster. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. Borrowing from a bank begins with vast amounts of paperwork, the loan must be underwritten, and this can take ages before you're notified if the loan has been 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 not only are you relieved of those monthly loan payments, but you also do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.

 

As you can see, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The 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. The Trucking Factoring company takes over that chore, since it is now their money to collect. Trucking Factoring companies are very efficient at debt collecting, and this frees up your valuable time to devote to running your company.

 

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

 

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