Medium-Size truck businesses, specifically those who have not been in existence for very long, will typically find it hard to protect a loan. Banks are often hesitant to lend money to companies that do not have a great deal of earnings and assets. They also desire proof of the viability of a company and therefore need that many operations, especially little ones, been around for a certain amount of time before they want to hand over any money. Since of this, a medium-size company frequently has few money creating choices when needs occur. One alternative readily available, however commonly ignored, is receivable Financing. This is an outstanding way for a medium-size company to obtain cash.
The Most Expensive Mistake of Your Life - Pick A Receivable Loan C0mpany Instead Of A Traditional Bank Funding
How to Increase Cash Flow Without Loaning -Cash Money flow is among the primary reasons companies fail.
At one time or another, every business, even effective ones, have experienced bad cash flow.
Cash flow does not have to be an issue any ever more. Do not be deceived -- banks are not the only places you can get funding. Other solutions are available and you do not have to borrow. What is truck factoring ? One option is called truck factoring. Truck Factoring is the process of selling invoices to an investor rather than waiting to collect the cash from the
client. Oh, the Irony- Trucking factoring has a paradoxical difference:
It is the financial
foundation of many of America's most effective companies. Why is this paradoxical ? Because trucking factoring is not instructed in business colleges, is seldom mentioned in business strategies and is relatively unknown to bulk of most of American company individuals.
Yet it is a financial procedure that frees billions of dollars every year, enabling countless businesses to grow and prosper. Factoring has actually been around for thousands of years. Trucking Factoring Companies are financiers who pay cash for the right to receive the future payments on your invoices. An overdue receivable or invoice has value. It is a financial obligation your client has actually to pay in the near future. Factoring Principals--Although factoring
offers exclusively with business-to-business deals, a big portion of the retail business uses a factoring principal. MasterCard, Visa, and American Express all utilize a form of factoring in their retail transactions. Using the purest meaning of the word, these big customer finance companies are truly simply large Commercial Factoring Companies of consumer paper. Think about it: You make a purchase at Sears and charge
it to your MasterCard. The store makes money almost instantly, even though you do not make payment up until you are ready.
For this service, the charge card business charges XYZ Store a fee (typical common normal fees range from 2 to four percent of the sale). The Benefits Invoice Factoring can provide numerous benefits to cash-hungry companies. Rather than wait 30, 60, 90 days or longer for payment on a product that has actually currently been provided, a business can factor
(sell) its receivables for money at a little price cut
off the dollar value of
the invoice. Payroll, marketing efforts, and working capital are simply a few of the company requirements that can be satisfied with instant money.
Invoice Factoring provides the means for a manufacturer to renew stock and make more products to offer: There is no longer a need to wait for earlier sales to be paid. FACTORING is not simply a cash management tool for manufacturers: Almost any kind business can take advantage of Trucking Factoring. Generally, a business that extends credit
will have 10 to 20 percent
of its yearly sales tied up in invoices 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, but you can sell that invoice for the money to satisfy those obligations. Using trucking factoring companies is a fast and easy procedure. The factor purchases the invoice at a price cut, usually a couple of portion
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 . In the Fall of 2010, Resources acquired most of Energy Corp's assets for nearly $1.6 billion. Frontier 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 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, wood, 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 U.s. Transportation Association
mentions that there around
200,000 employees with freight trucking
276,000 private companies trucking
firms accredited to
run in the U.S. that transported,
according to their newest searchings for billions of
products, supplies and
fundamental materials .
There are a number of common
teams on our nation
highways transferring these
crucial items to our
stores, factories and shipping ports.
Also freight bill factoring
countless 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
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.
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Searching for the right trucking companies to move your freight can be tough, with the large amount of local, regional, and national truck carriers out there. Center helps make freight shipping simple, finding you the safest, reliable trucking companies every time you ship. Trucking companies are licensed and insured to carry freight safely and efficiently across the country, no matter the size or type of freight you need to ship.Plus, with the high volume of freight we move, we will work to get you the best freight rates possible. Simply enter in a few details below and you�ll see instant freight rates from all the top trucking companies in one easy screen
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Locate truck driving jobs by city, state, position andenefits offered. Search current driving jobs and fill out the EZ truck driver application customized for cdl trucking jobs
If you're like most drivers, you're looking for a better company in trucking that might be offering the best jobs in terms of pay, freight, and hometime ' not to mention benefits or a sign on bonus. We've got all of our clients listed based on the states where they're hiring, so you can quickly find the best job in your home state. You'll see the very best nationwide trucking companies that have positions available.
If you're like most drivers, you're looking for a better company in trucking that might be offering the best jobs in terms of pay, freight, and hometime ' not to mention benefits or a sign on bonus. We've got all of our clients listed based on the states where they're hiring, so you can quickly find the best job in your home state. You'll see the very best nationwide trucking companies that have positions available.
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.
Barnes 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, Barnes was a top rated accounts receivable mastermind of the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. Cash was flowing and times were good for all.But a short year later, in the fall of 2008, when the United States economy took a nosedive and businesses both small and large began to feel the pinch on their pocketbooks, those that used to make their demands had suddenly and largely gone silent. Business slowed to a crawl
. And worse yet, Barnes 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 Barnes, Howard Brown, 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 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. 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 Barnes 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. The had just gone!.The situation looked dire to Howard Brown. Howard was very concerned, because there were constant overheads, goods to ship, employees to pay, and trucks which needed to be maintained, but there just wasn't the money coming back into the business. After work he would confide in his wife, Rachel, and neither were unable to stop the constant worry over the lack of funds.""I have a bad feeling, Lin,"" he would say with deep woe.""What could you do differently?"" she would say.Howard 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 somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. What on earth was happening to create the death of his business?""I think I know what it could be,"" said Howard. ""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 Rachel 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'.""Howard knew very well that Rachel was only trying to help, but his responsibilities weighed heavily on his shoulders and he knew he had better do something soon to resolve this situation.The next day Howard strolled into his office and was determined to sit down and make every phone call to every client who had owed Barnes money. This wasn't really a very efficient way for a Chief Executive to spend his day, and Howard knew he should be overseeing all the other sides of the business, such as shipments and deliveries, approaching prospective customers, or working with his sales team. Even though he was doing something to help his company, he knew he had folks on salary to do just this thing. Wasting money, wasting time - even with the best of intentions, Howard 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 Yvonneerley knocked at his door.
""Can I have a word with you Howard?"" she asked standing in the doorway.
""Sure thing Yvonne, come on in."" Howard relaxed back into his chair and looked up at Yvonneerley.""Well Howard, this afternoon I did some research, trying to work out how we are going to get out of this mess."" 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?"" Yvonneerley asked.""It sounds vaguely familiar. What is it?"" he said.""Well,"" she began, ""It�s actually quite simple really.
So basically, factoring invoices would enable us to get paid on the nose for loads that we haul.""Immediately?"" Howard interrupted.""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. 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.""I see,� Howard 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.�Howard was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Yvonne,"" he said.""Yes, I know; that's exactly what I thought at the beginning. But really, they have guaranteed us experts that do all the legwork, which would free us up here to focus on our clients in good standing and marketing, all that good stuff. And they're flexible Howard,"" she underlined a paragraph on the paper before him.""Just how flexible?"" he asked.""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. ""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,"" Howard said.Howard took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Precisely�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Howard 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 Barnes. Howard wasn't prepared to lose these relationships just because they were having financial issues at the moment. Howard knew that the economy had taken a hit and he knew that it would probably be a long time before things started to look up again. That unknown amount of time, if he handled these debtors incorrectly, could spell disaster for both of them. He did not want to lose business but he also did not want to lose any more money.""Well, let me think about this tonight Yvonne, thank you."" Yvonne nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.Howard stayed at his desk for a long time, looking over the details they hadn't discussed during their meeting. He wondered if there might be other problems freight factoring could help Barnes Truck & Haul with? With his pencil gliding down the sheet he noticed that the factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. In fact, Barnes could receive up to fifty-percent cash advances upon load pick-ups. Howard 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 Ross about this,"" muttered Howard to himself.Howard's son-in-law, Ross, loved the idea behind Barnes and highly respected his father-in-law for having such great business sense, that two years ago he got his capital together and started his own transportation company. Howard knew then what struggles Ross would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Barnes was hurting, a little guy like Ross was about to catch his death. But, maybe the answer for both of them was in freight factoring, and Howard 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, Howard found that he was starting his journey out of the despair which had been created for him by his delinquent account holders.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They took that time and refocused effort to offering competitive prices in new territories. Howard looked back on the dismal months of life before freight factoring and almost shuddered at the thought. He probably wouldn't be in business today had he not learned just in time about freight factoring.
More Trucking Factoring Companies Story Articles
Factoring in the Future of a Trucking Business: A Story Norman Fisher let the phone ring on his desk. He let his morning coffee cool and left his cigarette to ash itself in the tray, because he is trying to make the biggest decision ever for his trucking company. Fisher 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 Norman's father had started this business working as an owner-operator and eventually growing Fisher Trucking Company into a fifteen trailer fleet. There had been some hard times when it seemed everything was going to go under and even Norman�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 Norman�s hands and he wanted to live to see it in better shape for his sons.
To move Fisher Trucking Company ahead into the future, he needed a steady cash flow but there was just not enough money to go around. His employees needed to be paid. They all have families and the usual household bills. 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 Fisher 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. Norman allowed himself a good hard chuckle. He remembered when his father was totally against installing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� He smiled to himself as he remembered his father poking fun at the other drivers who switched to automatic, even though automatic was quite obviously more efficient (though less manly). His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.
Norman knew he was right in his forward thinking. What would be the next step for Fisher Trucking? And how would he be able to afford it? Business funding was tied up in fuel bills and the mortgage for the garage and office. He just finished paying off the small bank loan for installing satellite radio in the trucks for the guys.
But was factoring the answer? There was a lot he didn�t understand about the process. It sounded 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.
Norman had to really consider what his next step was going to be. Norman had heard that there were companies that charged for same day money transfers and would only advance a percentage of the money owed to your company while holding the rest in a private account if they didn�t get their bill payment within 60 or so days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! Through the grapevine, he�d also heard about how some companies suddenly slipped you onto a sliding scale of percentages even if you had already signed a lengthy contract for maybe 3% or 7% so there you are with 10% coming as a cost to you out of the freight bill. His friend Ronnie who had a trucking business in Missouri, was run nearly into the ground by a factoring company that charged him the full freight bill on top of the factoring fees. Well, what was the point of going to a factoring company if there was shady business like that going on?
However, it all turned out to be very simple. When he called the factoring companies he discovered they were very open about their business practices, and very friendly and helpful. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He 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. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. Many companies offered a non-recourse factoring program that suited him just fine. Also he was happy to hear how much he was offered in terms of percentages on the freight bills. It was good money.
For Norman it was quite a relief to be dealing with the factoring company. 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 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 Norman because he and his father had built up good strong relationships over decades with their list of clients. He knew immediately that there would not be any problems when they were contacted by the factoring company regarding their invoices. His clients would not have any problems, nor would they think poorly of Fisher Trucking, because the factoring companies handle themselves in such a polite and professional manner, similar to the way his father had managed the business in the past.
Feeling happier now, Norman stepped out of his office to advise his secretary to expect to receive the contract very shortly from the factoring company. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. With the capabilities of this new cash flow, Norman could actually expand Fisher 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?� asked Ronald Sullivan, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she said.Ronald 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 Ralph. He named his business White Trucking, named after Adam and Brandon, his two grandfathers. Both of these men had been very hardworking and had set a great example for Ralph.Six months ago disaster struck Ralph'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. The financial security of Ralph's company relied on his full fleet on fifteen being on the road, and missing two trucks was just 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.
You could go a month or more before bills were completely paid off. This system works okay as long as no problems arise, but if they do, then things can get quite sticky.Ronald was an excellent business man, and he certainly hadn't done anything wrong. Things had happened that he could not have predicted, and he had to figure out a way to keep his business from hurting, or even going under.And that's why he found himself across the desk from this woman. Ronald knew she was employed by a Factoring company and that her name was Claudia. Ronald 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 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.Ronald nodded. It sounded perfect - perhaps too good?.The woman laughed. �You look like you don�t believe me,� she said.�Oh no, I do: it just sounds too good to be true. I thought I was going to lose my company.�Claudia nodded. �We get that a lot. Listen, I�d hate to see you lose your company. You work hard, you�ve put everything you can into it. We all need help sometimes. That's why we do what we do.""In any case, thank you for coming to see me.""It�s right down the road, usually we do it all online, but I didn�t mind swinging on by today,� said Claudia with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Ronald filled the form out, with Claudia available to help him if he needed it. The completed profile gave Claudia and her company all the information they needed on Ralph'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. Listening as Ronald filled out his form, Claudia was pretty sure he was a perfect candidate for factoring.Claudia took the completed form and placed it in her briefcase. She then stood, reached across the desk and shook Ralph�s hand. He also stood up, and they smiled at each other. They said their goodbyes and Ronald walked her to the door, and then returned to his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He shut his eyes. He felt so drained: he had been flailing helplessly for so long, he just knew his business was going to collapse and probably take him with it. But now, after speaking to Claudia and learning all about Factoring, he felt such a huge relief, like someone had just lifted a huge weight off his shoulders. He sat back in his chair and ran a hand through his graying but still thick black hair.All those long, sleepless nights. The sudden panic attacks, not matter where he was. Already he could feel all the stress start to drain away. He wasn�t out of the woods yet, there was still a lot of work to be done, but he could feel it. He was still here; he knew this was the right path for him, and he felt proud that he had taken the appropriate steps to sort out his problems.His mind wandered back to the very beginning, when he first started his business. At twenty-two and straight out of school he had opened a restaurant. It had been really 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 White 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 giving up wasn't part of his personality either.
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 it seemed as though he would not have to - all because of Factoring. Ronald opened his eyes, sat forward, turned his computer on. He had lots to do. He could be thankful later, for now, it was time to work.
As the manager of your own business, you may well be much more than perceptive already of the hardship in making certain that cash flow concerns do not become a problem down the line. Anyway, the most terrible thing that can in all probability take place for your business is to find yourself embroiled in a long and tough predicament that leaves you forever trying to find the resources you necessitate on an continuing basis.
For just about any business in this scenario, the trouble can come for waiting for work to lapse and actually be repaid into your account. Invoices, checks, and the like can take some time to actually to be taken care of which can certainly leave you with temporary cash flow difficulties. The good news is, there are alternatives out there for industries to examine-- and just one of these is factoring agencies.
Factoring agencies will, in trade for your invoices, supply you with the funds now to ensure you do not have to fret about the lingering duration that could make paying off the expenses and obtaining toolsmore hard. With this form of setup, invoice factoring can become extremely valuable for various enterprises who have to get out of a money ploy which they have discovered themselves in.
Considering that, depending upon the size of the task, it can take up to 60 days for some businesses to get compensated then it is very important to blanket your own back and certainly not leave yourself money short to settle the monthly bills. After all, how many companies have two months cash flow just lying there to cover all their overheads until they earn?
This is primarily true of truck establishments. They often tend to handle lots of statements which means a huge quantity of collection time concerns company owner themselves. Trying to get paid promptly can end up being an amazing struggle and this is precisely why you make use of truck factoring providers who are happy to help out truckers exclusively.
As all of us realize, trucking is an astonishingly enormous market with many companies out there handling hundreds of operators. Regretfully, several of these drivers wind up in income difficulties since they are still waiting on work from six weeks previously to actually pay them. When this is the circumstance for a truck business, turning to factoring agencies for help might be the very best alternative left.
This means that a trucking business can pay off the paychecks of the workers, keep all the vehicles refilled with gas and continue to escalate, progress and expand without consistently waiting for the cash which is taking too lengthy to come in. Trucking Firms running without a factoring system implemented are leaving themselves at notable threat, as competitions cash out promptly and continue to broaden.
There's genuinely very little to be stressed about when it comes to utilizing a Factoring establishment-- they usually are not like a bank or someone who is going to leave you with a large mound of liability to pay back. You give them genuine invoices from job you have already accomplished , you are only facilitating the repayment system.
In the United states of America, where trucking establishments succeed, factoring enterprises are not considered taking on loan in any capacity. This private agreement then allows both parties to benefit and experience a worry-free future-- it gives the factoring provider a secured resource of profit to add to the list and it furnishes the trucking business the required finances that they sweated to obtain.
The trucking establishment provides their statements to the factoring company. The trucking factoring agency then collect the payment amounts from the trucking company's customers. Factoring has been all around for centuries and has been used for decades by plenty of diverse fields-- but none more so than truckers. While you might lose out on a small part of the money, something like 1-3 % depending upon who you partner with, it implies that you are receiving the resources today and can actually begin putting the resources to operate.
Anyway, an IOU or an invoice is not going to cover bills, is it? For trucking companies when the income can be excellent one day and gone the next, it is up to the drivers to work smartly and to ensure they are leaving themselves with a substantial amount of time and finance to get through the week till they are paid once again.
So the next occasion your trucking company is having some momentary cash flow problems and you are putting in a lot of time chasing sluggish paying customers, why not start taking into consideration making use of a factoring companies as a way to get your money and give yourself a more convenient future in the eyes of your trucking team and your bank dividend?
Bank loans are an extremely traditional way for a business to get financing. While these loans are handy they are not available to every business. For example, a fairly newly established business simply may not have the assets to readily get a loan from a bank, even if they do, the standard collateral for a business loan is the business itself, which means that if you cannot make your loan payment, you risk losing your entire business. In addition, while you apply for a certain loan amount, that is all the financing you are entitled to. Once the loan is paid off, you can then apply for another loan if the need arises.
Trucking Factoring Companies
Trucking Factoring companies do not give loans, and the money you get from the Trucking Factoring company does not put you in debt. 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 a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.
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. Since the Trucking Factoring company actually buys your accounts receivable you do not actually incur debt like you do with a bank loan. One of the main benefits of this kind of financing is that your business credit rating and your personal credit rating will not be affected. In the event that your business fails, you would not have to be concerned about someone coming after your personal or your business assets in order to pay off a loan. 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. 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. 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.You receive interest up-front. With a bank loan interest continues to build, and this has to be paid the whole time you have a business loan; however with a Trucking Factoring company there is no interest - they take it right off the top by deducting it from the total amount of receivable accounts. So not only are you relieved of those monthly loan payments, but you also do not have to worry about the building up of interest, as every penny in the account is yours to spend on the business.
As you can see, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. 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. 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.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.