Using a Truck Factoring Company is advantageous for several reasons. It allows a truck company to raise money without acquiring brand-new financial obligation. While debt is occasionally needed, most truck businesses would like to raise cash without obtaining cash. Financial obligation is risky, and when it cannot be repaid, properties can be repossessed. If the financial obligation is huge enough, it may even require a truck businesses out of business.
Cash Flow Satisfaction- or Else! - Select A Receivable Loan C0mpany Instead Of A Traditional Bank Funding
How to Increase Cash Flow Without Loaning -Cash Money flow is among the main reasons businesses fail.
At one time or another, every company, even effective ones, have experienced bad cash flow.
Cash flow does not have to be a problem any more. Do not be fooled -- banks are not the only places you can get financing. Other options are available and you do not have to borrow money. Exactly what is trucking factoring ? One solution is called truck factoring. Truck Factoring is the procedure of offering invoices to a financier rather than waiting to gather the cash from the
customer. Oh, the Irony- Trucking factoring has an ironic difference:
It is the financial
backbone of many of America's most effective companies. Why is this paradoxical ? Because commercial factoring is not taught in business colleges, is seldom mentioned in company plans and is fairly unidentified to bulk of most of American business people.
Yet it is a monetary procedure that frees billions of dollars every year, allowing countless companies to grow and prosper. FACTORING has actually been around for countless years. Accounts Receivable Factoring Companies are investors who pay money for the right to receive the future payments on your invoices. An unpaid receivable or invoice has value. It is a financial obligation your customer has agreed pay in the near future. Factoring Principals--Although factoring
offers exclusively with business-to-business deals, a large portion of the retail company uses a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail transactions. Utilizing the purest definition of the word, these big customer finance business are truly simply big Accounts Receivable Factoring Businesses of consumer paper. Consider it: You purchase at Sears and charge
it to your MasterCard. The store gets paid practically immediately, although you do not make payment up until you are prepared.
For this service, the credit card company charges XYZ Store a charge (typical common normal fees vary from 2 to four percent of the sale). The Advantages Commercial Factoring can offer many advantages to cash-hungry companies. Instead of waiting 30, 60, 90 days or longer for payment on a product that has actually already 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 business needs that can be met with instant cash.
Factoring offers the ways for a manufacturer to renew stock and make more items to offer: There is no longer a requirement to wait for earlier sales to be paid. FACTORING is not just a money management tool for manufacturers: Almost any kind company can take advantage of FACTORING. Generally, a company that extends credit
will have 10 to 20 percent
of its annual sales tied up in invoices at any given time. Think for a moment about exactly how much is bound in 60 days' worth of invoices: You can not pay the power expense or today s payroll with a customer s invoice, but you can sell that invoice for the cash to satisfy those obligations. Using truck factoring companies is a quick and simple process. The factor buys the invoice at a discount, usually a few portion
points less than the stated value of the invoice.
Milwaukee (/m?l'w??ki?/; Hoocak: Te�i�ik) is the largest city in the State of Wisconsin, the 31st most populous city in the United States, and 39th most populous region in the United States. It is the county seat of Milwaukee County and is located on the southwestern shore of Lake Michigan. According to 2010 census data, the City of Milwaukee has a population of 594,833. Milwaukee is the main cultural and economic center of the Milwaukee�Racine�Waukesha Metropolitan Area with a population of 2,040,498 as of an official 2013 estimate. This ranks the region as the 29th most populous Combined Statistical Area of the United States. In 2012, Milwaukee was listed as a gamma global city by the Globalization and World Cities Research Network.The first Europeans to pass through the area were French Catholic missionaries and fur traders. In 1818, the French-Canadian explorer Solomon Juneau settled in the area, and in 1846 Juneau's town combined with two neighboring towns to incorporate as the City of Milwaukee. Large numbers of German and other immigrants helped increase the city's population during the 1840s and the following decades.Known for its brewing traditions, major new additions to the city include the Milwaukee Riverwalk, the Wisconsin Center, Miller Park, an internationally renowned addition to the Milwaukee Art Museum, Milwaukee Repertory Theater, and Pier Wisconsin, as well as major renovations to the U.S. Cellular Arena. In addition, many new skyscrapers, condos, lofts and apartments have been constructed in neighborhoods on and near the lakefront and riverbanks.There have been five ships of the United States Navy named after the city, including USS Milwaukee (LCS-5).Milwaukee is the home to the international headquarters of 6 Fortune 500 companies: Investments. The Milwaukee metropolitan area ranks fifth in the United States in terms of the number of Fortune 500 company headquarters as a share of the population. Milwaukee also has a large number of financial service firms, particularly those specializing in mutual funds and transaction processing systems, and a number of publishing and printing companies.
Madison is the capital of the State of Wisconsin and the county seat of Dane County. As of July 1, 2013, Madison had an estimated population of 243,344, making it the second largest city in Wisconsin, after Milwaukee, and the 83rd largest in the United States. The city forms the core of the United States Census Bureau's Madison Metropolitan Statistical Area, which includes all of Dane County and neighboring Iowa and Columbia counties. The Madison Metropolitan Statistical Area had a 2010 population of 568,593.Wisconsin state government and the University of Wisconsin�Madison remain the two largest Madison employers. However, Madison's economy today is evolving from a government-based economy to a consumer services and high-tech base, particularly in the health, biotech and advertising sectors. Beginning in the early 1990s, the city experienced a steady economic boom and has been less affected by recession than other areas of the state. Much of the expansion has occurred on the city's south and west sides, but it has also affected the east side near the Interstate 39-90-94 interchange and along the northern shore of Lake Mendota. Underpinning the boom is the development of high-tech companies, many fostered by UW�Madison working with local businesses and entrepreneurs to transfer the results of academic research into real-world applications, especially bio-tech applications.
Green Bay is a city in and the county seat of Brown County in the State of Wisconsin, located at the head of Green Bay, a sub-basin of Lake Michigan, at the mouth of the Fox River. It has an elevation of 581 feet (177 m) above sea level and is located 112 miles (180 km) north of Milwaukee. The population was 104,057 at the 2010 census. It is the third-largest city in the state of Wisconsin, after Milwaukee and Madison. It is also the third-largest city on the west shore of Lake Michigan, after Chicago and Milwaukee. Green Bay is home to the Green Bay Packers.Green Bay is the principal city of the Green Bay Metropolitan Statistical Area, which covers Brown, Kewaunee, and Oconto counties; the MSA had a combined population of 306,241 at the 2010 census.Green Bay is an industrial city with several meatpacking and paper plants, and a port on Green Bay, an arm of Lake Michigan that locals call the Bay of Green Bay, to avoid coating it with the eponymous city. It is home to the National Railroad Museum; the Neville Public Museum, with exhibitions of art, history, and science; the Children's Museum; and the University of Wisconsin�Green Bay.As of 2010, the largest employers in the city were:
Kenosha /k?'no?'???/ is a city in and the county seat of Kenosha County in State of Wisconsin. With an estimated population of 99,889 as of July 1, 2013, Kenosha is the fourth-largest city in Wisconsin. Kenosha is also the fourth-largest city on the western shore of Lake Michigan, preceded by Chicago, Milwaukee, and Green Bay. Kenosha lies on the southwestern shore of Lake Michigan, 35 miles (56 km) south of Milwaukee and 50 miles north of Chicago. Kenosha is part of the U.S. Census Bureau's Chicago-Naperville-Joliet, IL-IN-WI Metropolitan Statistical Area.Kenosha, decades ago a bustling hub of manufacturing, is today a bedroom community due to the ease of access to the Chicago-Milwaukee corridor. According to county statistics, 49% of Kenosha's workforce commutes outside of Kenosha County to their positions. Many travel northward towards Milwaukee or south into the Chicago area. Kenoshans consider neighboring communities Pleasant Prairie and Somers to be suburbs of Kenosha.
Racine (/r?'si?n/ ruh-SEEN, or /'re?si?n/ RAY-seen) is a city in and the county seat of Racine County, Wisconsin, United States. It is located on the shore of Lake Michigan at the mouth of the Root River. As of the 2013 U.S. census, the city had a population of 78,199, making it the fifth-largest city in Wisconsin. Its median home price of $103,625 makes it the least expensive city in Wisconsin to buy a home.Racine has long been a factory town with production of JHeat Exchangers. It is home to various immigrant communities. Racine was home to wagon maker Mitchell & Lewis Company in the 19th century. At the start of the 20th century the company began making motorcycles and automobiles as Mitchell-Lewis Motor Company. Racine was also home to the inventor of the Erator, the first garbage disposal. Architects of the city included A. Arthur Guilbert and Edmund Bailey Funston. Malted milk balls were also developed in Racine.Racine was a factory town almost from the very beginning. The first industry in Racine County included the manufacture of fanning mills, machines that separate wheat grain from chaff. Racine also had its share of captains of industry, including Case (heavy equipment),ohnson & Son (cleaning and chemical products), and Arthur B. Modine (Heat Exchangers). Racine's harbor was central to the shipping industry in Wisconsin in the late 19th century. Racine was also an early car manufacturing center. One of the world's first automobiles was built there in 1871 or 1872 by Dr. J. W. Cathcart, as was the Pennington tricycle.
Appleton is a city in Outagamie (mostly), Calumet, and Winnebago counties in the U.S. state of Wisconsin. One of the Fox Cities, it is situated on the Fox River, 30 miles (48 km) southwest of Green Bay and 100 miles (160 km) north of Milwaukee. Appleton is the county seat of Outagamie County. The population was 72,623 at the 2010 census. Of this, 60,045 were in Outagamie County, 11,088 in Calumet County, and 1,490 in Winnebago County. Appleton is the principal city of the Appleton, Wisconsin Metropolitan Statistical Area, which is included in the Appleton-Oshkosh-Neenah, Wisconsin Combined Statistical Area.As of 2011, the largest employers in the city were:
Waukesha (/'w??k????/ WAW-k?-shaw) is a city in and the county seat of Waukesha County, Wisconsin. The population was 70,718 at the 2010 census, making it the largest community in the county and seventh largest in the state. The city is adjacent to the Town of Waukesha.According to Waukesha's 2011 Comprehensive Annual Financial Report, the top employers in the city are:
Oshkosh is a city in Winnebago County, Wisconsin, United States, located where the Fox River enters Lake Winnebago from the west. The population was 66,083 at the 2010 census. The city is located adjacent to and partially within the Town of Oshkosh.
Eau Claire (/o?'kl??r/) is a city located in the west-central part of the U.S. state of Wisconsin. The population was 65,883 as of the 2010 U.S. Census, making it the 9th largest city in the state. It is the county seat of Eau Claire County, although a small portion of the city lies in neighboring Chippewa County. Eau Claire is the principal city of the Eau Claire, Wisconsin Metropolitan Statistical Area, which is a part of the Eau-Claire-Menomonie Combined Statistical Area.The lumber industry drove Eau Claire's growth in the late 19th century. At one time, there were 22 sawmills operating in the city.
Janesville is a city in southern Wisconsin, United States. It is the county seat of Rock County and the principal municipality of the Janesville, Wisconsin Metropolitan Statistical Area. As of the 2010 census, the city had a population of 63,575.Businesses headquartered in Janesville include Blain's Farm and Fleet, a three-state retail chain; Woodman's Food Market, a regional supermarket chain that built its first store in Janesville; Swing'n'Slide, a maker of wood-and-plastic playground equipment; Hufcor (formerly Hough Shade Company), a manufacturer of room dividers that markets internationally; and Gray's Brewing, maker of boutique beers and soft drinks.
West Allis is a city in Milwaukee County, Wisconsin, United States. It is part of the Milwaukee metropolitan area. The population was 60,411 at the 2010 census.
La Crosse (Hoocak: Hinukwas ) is a city in and the county seat of La Crosse County, Wisconsin, United States. Lying alongside the Mississippi River, La Crosse is the largest city on Wisconsin's western border.The estimated population in 2012 was 51,647. The city forms the core of, and is the principal city in the La Crosse Metropolitan Statistical Area, which includes all of La Crosse County and Houston County, Minnesota, with a combined population of 135,298. La Crosse is a college town and is home to the University of Wisconsin-La Crosse, Viterbo University, and Western Technical College. Recognized as a regional technology and medical hub, La Crosse frequently acquires top rankings in health, well-being, quality of life, and education.La Crosse is the original home and international headquarters of several corporations and organizations, including:
Sheboygan is a city in and the county seat of Sheboygan County, Wisconsin, United States. The population was 49,288 at the 2010 census. It is the principal city of the Sheboygan, Wisconsin Metropolitan Statistical Area. The city is located on the western shore of Lake Michigan at the mouth of the Sheboygan River, about 50 mi (81 km) north of Milwaukee and 64 mi (103 km) south of Green Bay.
Wauwatosa (originally Wau-wau-too-sa) is a city in Milwaukee County, Wisconsin, United States. The population was 46,396 at the 2010 census. Wauwatosa is located immediately west of Milwaukee, Wisconsin, and is a part of the Milwaukee metropolitan area. It is named after the Potawatomi word for firefly.
Fond du Lac is a city in Fond du Lac County, Wisconsin, United States. The name is French for bottom (or foot) of the lake, named as such because of its location at the bottom (south end) of Lake Winnebago. The population was 43,021 at the 2010 census.The city forms the core of the United States Census Bureau's Fond du Lac Metropolitan Statistical Area, which includes all of Fond du Lac County (2000 population: 97,296). Fond du Lac is the 342nd largest Metropolitan Statistical Area (MSA) in the United States. The Fond du Lac MSA and the Beaver Dam (city), Wisconsin Micropolitan Statistical Area, form the larger Fond du Lac-Beaver Dam Combined Statistical Area.
New Berlin is a city in Waukesha County, Wisconsin, United States. The population was 39,584 at the 2010 census, making it the second largest community in Waukesha County after the city of Waukesha.New Berlin is situated on the eastern border of Waukesha County. Interstate 94 is located immediately north of the city, and Interstate 43 passes through it.According to the city's 2011 Comprehensive Annual Financial Report, the largest employers in the city are:
Wausau /'w??s??/ is a city in and the county seat of Marathon County, Wisconsin, United States. The Wisconsin River divides the city into east and west. The city is adjacent to the town of Wausau.As of the 2010 census, Wausau had a population of 39,106. It is the core city of the Wausau Metropolitan Statistical Area (MSA), which includes all of Marathon County and had a population of 134,063 at the 2010 census. The current mayor of Wausau is Jim Tipple.Nearly one-third of the Marathon County economy is based in manufacturing, with the balance in the service industry. Prominent industries include paper manufacturing, insurance, home manufacturing, and tourism. The Wausau region has a lower than average unemployment rate and continues a steady growth in job creation and economic viability among manufacturers and service providers alike. Wausau has 12 banks with 41 branch locations, three trust companies and three holding companies in the metropolitan area. There are also 13 open membership credit unions with 18 branch locations.
Brookfield is a city located in Waukesha County, Wisconsin, United States. It had a population of 37,920 in the 2010 census. Brookfield is the third largest city in Waukesha County.
Beloit is a city in Rock County, Wisconsin, United States. As of the 2010 census, the city had a population of 36,966.Beloit's major industries:
Greenfield is a city in Milwaukee County, Wisconsin, United States. The population was 36,720 at the 2010 census.
Franklin is a city in Milwaukee County, Wisconsin, United States. Franklin is a suburb of Milwaukee with a population of 35,451 as of the 2010 census.According to Franklin's 2012 Comprehensive Annual Financial Report, the top employers in the city are:
Oak Creek is a city in Milwaukee County, Wisconsin, United States. The population was 35,451 at the 2010 census.Midwest Airlines's headquarters were located in Oak Creek. In January 2010 Republic Airways, the parent company of Midwest, announced that it would move all Republic executives, including Midwest Airlines executives, to Indianapolis, Indiana.
Manitowoc /'m�n?t?w?k/ is a city in and the county seat of Manitowoc County, Wisconsin, United States. The city is located on Lake Michigan at the mouth of the Manitowoc River. According to the 2010 census, Manitowoc had a population of 33,736, with over 50,000 residents in the surrounding communities. The city participates in international town twinning with the Japanese city of Kamogawa.
West Bend is a city in and the county seat of Washington County, Wisconsin, United States, in southeastern Wisconsin. As of the 2010 census, the population was 31,078.Although many current residents of West Bend work in neighboring communities, the city's economy has been historically based in manufacturing and financial services. West Bend Mutual Insurance Company was founded in the city in 1894 and West Bend Savings Bank (now Westbury Bank) in 1926. The West Bend Aluminum Company (later the West Bend Company) was founded in 1911 by Bernhardt C. Ziegler, and remained in West Bend until 2003. Ziegler had previously founded the securities brokerage company B.C. Ziegler & Co. in 1902. In 1915 Robert H. Rolfs founded Amity Leather in downtown West Bend, which eventually became the world's largest manufacturer of leather billfolds. Amity leather left the city in 1996. The strong economy in West Bend in the 1930s led Believe it or Not to claim that West Bend was the only city in the United States that did not enter the Great Depression. In 1949, the printing company , Inc. was founded in a garage in West Bend and went on to employ people all over the world. The Company is also located in West Bend.
Sun Prairie is a city in Dane County in the U.S. state of Wisconsin. A suburb of Madison it is part of the Madison Metropolitan Statistical Area. The 2010 US Census city's population was 29,441. It is the third-fastest growing city in Wisconsin, and the fastest-growing among cities of 20,000 or more, growing an estimated 4.9% between 2010 and 2013 to 30,871 people. It is the second most populous city in Dane County after Madison.Insurance has American operations in Sun Prairie. Other significant employers include the Sun Prairie School District, Insurance and Communications.
Superior is a city in, and the county seat of, Douglas County in the State of Wisconsin. The population was 27,244 at the 2010 census. Located at the junction of U.S. Highway 2 and U.S. Highway 53, it is immediately north of and adjacent to both the Village of Superior and the Town of Superior. Its neighborhoods include Billings Park, North End, South Superior, Central Park, East End, Allouez, and Itasca. Billings Park, South Superior, East End, and North End each have small business districts.Superior is at the western end of Lake Superior in northwestern Wisconsin. Bordered by Saint Louis, Superior, and Allouez bays, the city is framed by two rivers: the Nemadji and the Saint Louis. Superior and the neighboring city across the bay, Duluth, Minnesota, form a single metropolitan area called the Twin Ports. They share a harbor that is one of the most important ports on the Great Lakes. Both cities have museum ships (SS William A Irvin in Duluth and SS Meteor in Superior) devoted to the local maritime heritage. Superior was the last port of call for the Edmund Fitzgerald before its sinking in 1975.The transportation industry accounts for more than 1,000 jobs. The Duluth�Superior port, the largest in the Great Lakes, welcomes both domestic and foreign vessels. Bulk solids (such as grain) make up much of the tonnage handled by the port, and the silos of such port facilities are visible on the Superior waterfront. In 2004, the port�s busiest year since 1979, more than 41.4 million metric tons were shipped out of the port. Burlington Northern Railroad has an operations hub in Superior.
Stevens Point is the county seat of Portage County, Wisconsin, United States. The city was incorporated in 1858.Its 2010 population of 26,717 makes it the largest city in the county. Stevens Point forms the core of the United States Census Bureau's Stevens Point Micropolitan Statistical Area, which had a 2010 population of 69,916.Stevens Point is home to the University of Wisconsin�Stevens Point and a campus of Mid-State Technical College..
Neenah is a city in Winnebago County, Wisconsin, United States. It is situated on the banks of Lake Winnebago, Little Lake Butte des Morts, and the Fox River. The city is bordered by the Town of Neenah. The city of Neenah is the southwestern-most of the Fox Cities of northeast Wisconsin. It is the smaller of the two principal cities of the Oshkosh-Neenah, Wisconsin Metropolitan Statistical Area, which is included in the Appleton-Oshkosh-Neenah Combined Statistical Area. Its population was 25,501 at the 2010 census. Neenah is sometimes referred to as a twin city of the City of Menasha, with which it shares Doty Island.Neenah hosts significant steel and paper industries. Some paper companies include Clearwater Paper, SCA Tissue, Kimberly-Clark and Neenah Paper. Kimberly-Clark was founded in Neenah and maintains significant operations there, though its headquarters moved to Irving, Texas, in the 1980s. Manhole covers manufactured at Neenah Foundry can be found throughout the central United States and parts of Europe. Another big company in Neenah .
Fitchburg is a city in Dane County, Wisconsin, United States. The population was 25,260 at the 2010 census. Fitchburg is a suburb of Madison and is part of the Madison Metropolitan Statistical Area.
Muskego is a city in Waukesha County, Wisconsin, United States. As of the 2010 census, the city had a population of 24,135. Muskego is the fifth largest community in Waukesha County. The name Muskego is derived from the Potawatomi Indian name for the area, ""Mus-kee-Guaac"", meaning sunfish. The Potawatomi were the original inhabitants of Muskego. There are three lakes within the city's boundaries.
Watertown is a city in Dodge and Jefferson counties in the US state of Wisconsin. Most of the city's population is in Jefferson County. Division Street, several blocks north of downtown, marks the county line. The population of Watertown was 23,861 at the 2010 census. Of this, 15,402 were in Jefferson County, and 8,459 were in Dodge County.Watertown is the largest city in the Watertown-Fort Atkinson micropolitan area, which also includes Johnson Creek and Jefferson.
De Pere is a city located in Brown County, Wisconsin, United States. The population was 23,800 at the 2010 census. De Pere is a suburb of Green Bay and is part of the Green Bay Metropolitan Statistical Area.
Mequon (/'m?kw?n/ MEK-won) is a city in Ozaukee County, Wisconsin, United States. The population was 23,132 at the 2010 census.
South Milwaukee is a city in Milwaukee County, Wisconsin, United States. The population was 21,156 at the 2010 census.South Milwaukee is the headquarters of Bucyrus International, formerly Bucyrus-Erie, which is known for constructing large shovels and dragline excavators, including Big Muskie, the world's largest mobile earth-moving machine. Bucyrus shovels were used in the construction of the Panama Canal.
Marshfield is a city in Wood County and extending into Marathon County in the U.S. state of Wisconsin. It is located at the intersection of U.S. Highway 10, Highway 13 and Highway 97. The largest city in Wood County, its population was 19,118 at the 2010 census. Of this, 18,218 were in Wood County, and 900 were in Marathon County. The city forms one of the core areas of the United States Census Bureau's Marshfield-Wisconsin Rapids Micropolitan Statistical Area, which includes all of Wood County (2010 population: 74,749). The portion of the city that extends into Marathon County is part of the Wausau Metropolitan Statistical Area.
Wisconsin Rapids (Hoocak: Wa�jik ) is a city in and the county seat of Wood County, Wisconsin, United States. The population was 18,367 at the 2010 census.According to the 2010 census, the Wisconsin Rapids micropolitan area was home to 54,362 people. The city also forms one of the core areas of the United States Census Bureau's Marshfield-Wisconsin Rapids Micropolitan Statistical Area, which includes all of Wood County (2000 population: 75,555).Known for its papermaking manufacturing history, Wisconsin Rapids is also an important locale for the cranberry industry. Wisconsin Rapids is the corporate home of the international educational software company, Learning, Inc. as well as other national and global companies.
Cudahy is a city in Milwaukee County, Wisconsin, United States, North America. The population was 18,267 at the 2010 census.
Onalaska is a city in La Crosse County, Wisconsin. The population was 17,736 at the 2010 census.Onalaska is built on a slightly elevated ridge above the Black River. Natural areas include both river bottom land and high, heavily wooded, scenic bluffs. A man-made reservoir at the city's western edge is known as Lake Onalaska. Onalaska is known as ""The Sunfish Capital of the World.""Buildings, sites, structures, districts, and objects in Onalaska listed on the National Register of Historic Places
Middleton is a city in Dane County, Wisconsin, United States. It is a north-western suburb of the state capital, Madison, but it was actually founded before Madison. It got its name from Middletown, Connecticut; the ""w"" being dropped was due to a paper work error made by long time historian Edward Kromrey (namesake of the local middle school). Middleton's motto is ""The Good Neighbor City."" The population was 17,442 at the 2010 census.In July 2007, CNN/Money and Money magazine considered Middleton the best place to live in the United States. In July 2009, CNN/Money and Money magazine ranked Middleton the fourth best place to live in the United States.T Controls company headquarters are located in Middleton. Middleton is also home to Morey Field, a multi-runway, general aviation airport.
Menasha is a city in Calumet and Winnebago counties in the U.S. state of Wisconsin. The population was 17,353 at the 2010 census. Of this, 15,144 were in Winnebago County, and 2,209 were in Calumet County. The city is located mostly in the Town of Menasha in Winnebago County; only a small portion is in the Town of Harrison in Calumet County. Doty Island is located partially in Menasha. The city's name comes from the Winnebago word meaning ""thorn"" or ""island."" Menasha is home to the Barlow Planetarium and Weis Earth Science Museum, both housed at the University of Wisconsin-Fox Valley. Menasha Post Office
See also Menomonee, Menominee, and MenomonieMenomonie, WisconsinCity Dunn County Government Center, MenomonieLocation of Menomonie, Wisconsin"
Paul Metropolitan Statistical Area (MSA). The village of North Hudson is located directly to the north of Hudson.
Stoughton is a city in Dane County, Wisconsin, United States. It straddles the Yahara River about 20 miles southeast of the state capital, Madison. Stoughton is part of the Madison Metropolitan Statistical Area. As of the 2010 census, the population was 12,611.Known for its Norwegian heritage, Stoughton hosts a citywide celebration of Syttende Mai, the Norwegian constitution day. Part of the city's celebration of its Norwegian heritage is the Stoughton Norwegian Dancers dance group, sponsored by Stoughton High School. Stoughton's sister city is Gj�vik, Norway.The corporate headquarters and semi-trailer manufacturing facility for Trailers are located in Stoughton, where the company has been locally owned and operated for more than 50 years. The 680,000 sq. ft. Stoughton plant houses everything from fabrication of subassemblies to final assembly of all dry vans. Trailers is one of the largest truck trailer manufacturing companies in North America, and is the only American company still manufacturing 53-foot-long ""intermodal"" freight containers used to ship goods internationally.
Fort Atkinson is a city in Jefferson County, Wisconsin, United States. It is located on the Rock River, a few miles tream from Lake Koshkonong. The population was 12,368 at the 2010 census.Today Fort Atkinson is home to industry, health care, and a tourist trade.
Baraboo (Hoocak: Hoguc eja ) is a city in and the county seat of Sauk County, Wisconsin, United States. The largest city in the county, Baraboo is the principal city of the Baraboo Micropolitan Statistical Area. Its 2010 population was 12,048. It is situated on the Baraboo River.Baraboo is home to the Circus World Museum, the former headquarters and winter home of the Brothers circus. The Al. Ringling Theatre is an active landmark in the city. Baraboo is also near Devil's Lake State Park, the International Crane Foundation, and Aldo Leopold's Shack and Farm.
Two Rivers is a city in Manitowoc County, Wisconsin, United States. The population was 11,712 at the 2010 census. It is the birthplace of the ice cream sundae (though other cities, such as Ithaca, New York, make the same claim). The city's advertising slogan is ""Catch our friendly waves"" as it is located along Lake Michigan.
Cedarburg is a city in Ozaukee County, Wisconsin, United States with Cedar Creek running through it. The city is bordered by the Village of Grafton to the east and the Town of Cedarburg elsewhere. Cedarburg is a suburban community, about 20 miles (32 km) north of Milwaukee and near the shores of Lake Michigan. The population was 11,412 at the 2010 census.
Waupun /w?'p??n/ is a city in Dodge and Fond du Lac counties in the U.S. state of Wisconsin. The population was 11,340 at the 2010 census. Of this, 7,864 were in Dodge County, and 3,476 were in Fond du Lac County. In Fond du Lac County, there is also the Town of Waupun which abuts the city of Waupun.Waupun also has the most outdoor public sculpture per capita of any city in North America. This includes the world famous ""End of the Trail"" statue, The Dawn of Day, the Who Sows Believes in God, the Pioneers, and The Recording Angel among others. These statues are in Waupun because of the donation of Clarence Addison Shaler. Mr. Shaler is buried by his wife in Waupun's Forest Mound Cemetery.Waupun is also known as ""The Prison City."" The Dodge Correctional Institution, John C. Burke Correctional Center, and Waupun Correctional Institution are located in Waupun.
Port Washington is the county seat of Ozaukee County in the U.S. state of Wisconsin. The city is about 25 miles north of Milwaukee and 110 miles north of Chicago. The population was 11,250 at the 2010 census. The ZIP code is 53074.Port Washington has one of the largest charter fishing fleets on the Great Lakes. Shoe manufacturer Allen Edmonds, as well as lawn and garden equipment producer, Simplicity Manufacturing Company, were founded in Port Washington. Simplicity was purchased by Briggs & Stratton in 2004, who closed its doors on October 15, 2008.
Platteville is the largest city in Grant County in southwestern Wisconsin. The population was 11,224 at the 2010 census, growing 12% since the 2000 Census. Much of this growth is likely due to the enrollment increase of the University of Wisconsin�Platteville. It is the principal city of the Platteville Micropolitan Statistical area which has an estimated population of 49,681.
Marinette is a city in and the county seat of Marinette County, Wisconsin, United States. It is located on the south bank of the Menominee River, at its mouth at Green Bay, part of Lake Michigan; to the north is Stephenson Island (Wisconsin), part of the city preserved as park. During the lumbering boom of the late 19th century, Marinette became the tenth-largest city in Wisconsin in 1900, with its peak population of 16,195.Marinette is the principal city of the Marinette, WI�MI Micropolitan Statistical Area, which includes all of Marinette County, Wisconsin and Menominee County, Michigan. The population was 10,968 at the 2010 census. Menominee, Michigan is across the river to the north, and the cities are connected by five bridges.The Marinette area is home to a variety of industries, including shipbuilding, auto parts, chemicals, helicopters, airplane components, pressure vessels, and paper making. Marinette is also a regional health care center.
Monroe, known as ""the Swiss Cheese Capital of the USA"", is a city in and the county seat of Green County, Wisconsin, United States. The population was 10,827 at the 2010 census. The city is located partially within the Town of Monroe and partially in the Town of Clarno.
Verona is a city in Dane County, Wisconsin, in the United States and is a suburb of Madison. The population was 10,619 at the 2010 census. The city is located ten miles southwest of downtown Madison within the Town of Verona. It is part of the Madison Metropolitan Statistical Area.
Burlington is a city in Racine and Walworth counties in the U.S. state of Wisconsin, with the majority of the city located in Racine County. The population was 10,464 at the 2010 census. All of it was in the Racine County portion of the city.
Portage (Hoocak: Wa wa'a ) is a city in and the county seat of Columbia County, Wisconsin, United States. The population was 10,662 at the 2010 census making it the largest city in Columbia County. The city is part of the Madison Metropolitan Statistical Area.Portage was named for the Fox-Wisconsin Waterway, a portage between the Fox River and the Wisconsin River, which was recognized by Jacques Marquette and Louis Joliet during their discovery of a route to the Mississippi River in 1673. The city's slogan is ""Where the North Begins.""
Elkhorn is a city in Walworth County, Wisconsin, United States. It is southwest of Milwaukee and northwest of Chicago. The population was 10,084 at the 2010 census. It is the county seat.
Reedsburg is a city in Sauk County, Wisconsin, along the Baraboo River. The population was 10,014 at the 2010 census. The city is surrounded by the Town of Reedsburg. It is part of the Baraboo Micropolitan Statistical Area.Sound Devices is headquartered in Reedsburg. Grede Foundries and Lands' End are two major employers.
Merrill is a city in and the county seat of Lincoln County, Wisconsin, United States. It is located to the south of and adjacent to the Town of Merrill. The population was 9,661, according to the 2010 census. Merrill is part of the United States Census Bureau's Merrill MSA, which includes all of Lincoln County. Together with the Wausau MSA, which includes all of Marathon County, it forms the Wausau-Merrill CSA
Sparta is a city in and the county seat of Monroe County, Wisconsin, United States, along the La Crosse River. The population was 9,602 as of July 1, 2011. Sparta is known as the Bicycling Capital of America.Sparta is the home and international headquarters of several businesses including Century Foods International, Northern Engraving Corp., Spartek, Mathews Inc., F.A.S.T. Corp., Sparta Brush Company, McPherson Guitars, Multistack, Lake States Lumber, and Wesco Home Furnishings.
St. Francis is a city in Milwaukee County, Wisconsin, United States. The population was 9,365 at the 2010 census. It is the smallest incorporated city in Milwaukee County.
Shawano is a city in Shawano County, Wisconsin, United States. The population was 9,305 at the 2010 census. It is the county seat of Shawano County.The Wisconsin Towns Association has its headquarters in Shawano.
Sturgeon Bay is a city in and the county seat of Door County, Wisconsin, United States. The population was 9,144 at the 2010 census. It is located at the natural end of Sturgeon Bay, although the Sturgeon Bay Ship Canal was built across the remainder of the Door Peninsula.
Tomah (Hoocak: Ho'uni Xununik ) is a city in Monroe County, Wisconsin, United States. As of July 1, 2011, it had a population of 9,093. The city is located partially within the Town of Tomah.
Delavan is a city in Walworth County, Wisconsin, United States. The population was 8,463 at the 2010 census. The city is located partially within the Town of Delavan but the two entities are politically independent. City events include the Delavan Train Show in March and Heritage Fest in AugustOne of the major manufacturing and industrial centers of Walworth County, Delavan is home to over 230 businesses including such companies as Marine Corp.
Plymouth is a city in Sheboygan County, Wisconsin, along the Mullet River. It is included in the Sheboygan, Wisconsin Metropolitan Statistical Area. The city is located in the Town of Plymouth, but is politically independent. Plymouth is known as ""Hub City"" because of its location between Milwaukee, Sheboygan, Fond du Lac, and Green Bay. The population was 8,445 at the 2010 census. Mayor Don Pohlman was last reelected in April 2014.
Rice Lake is a city in Barron County in the U.S. state of Wisconsin. As of the 2010 census, the city had a total population of 8,438. The city is located mostly within the Town of Rice Lake.Rice Lake serves as a shopping, industrial, educational, and medical hub for the surrounding rural communities of Barron, Cameron, Chetek, Shell Lake, Cumberland, Spooner, Ladysmith.
New Richmond is a city in St. Croix County, Wisconsin, United States. Its population was 8,375 as of the 2010 census.
Antigo (/'�nt??go?/ AN-ti-goh) is a city in and the county seat of Langlade County, Wisconsin, United States. The population was 8,234 at the 2010 census. Antigo is the center of a farming and lumbering district, and its manufactures consist principally of lumber, chairs, furniture, sashes, doors and blinds, hubs and spokes, and other wood products.
Ashland is a city in Ashland and Bayfield counties in the U.S. state of Wisconsin. The city is a port on Lake Superior, near the head of Chequamegon Bay. The population was 8,216 at the 2010 census, all of which resided in the Ashland County portion of the city. The tiny unpopulated Bayfield County portion is located in the city's southwest, bordered by the easternmost part of the Town of Eileen.The city is situated at the junction of U.S. Route 2 and Wisconsin Highway 13. It is the home of Northland College and the Environmental Institute.A few largest manufacturers in the community include:
Jefferson is a city in Jefferson County, Wisconsin, United States, and is its county seat. It is located at the confluence of the Rock and Crawfish rivers. The population was 7,973 at the 2010 census. The city is located partially within the Town of Jefferson.Renew Energy is an ethanol plant located in Jefferson.
Rhinelander is a city in and the county seat of Oneida County, Wisconsin, United States. The population was 7,798 at the 2010 census.Rhinelander is a commercial, industrial, and recreation hub for the Northwoods area of Wisconsin. Because of the forests, lakes, and trails in the area, it is both a summer and winter vacation destination. It has a paper mill and a hospital.
Sheboygan Falls is a city in Sheboygan County, Wisconsin, United States whose population was 7,775 at the 2010 census. It is included in the Sheboygan, Wisconsin Metropolitan Statistical Area.
Ripon [??p?n] is a city in Fond du Lac County, Wisconsin, United States. The population was 7,733 at the 2010 census. The city is surrounded by the Town of Ripon.City hall
Lake Geneva is a city in Walworth County, Wisconsin, USA. The population was 7,651 at the 2010 census. A resort city located on Geneva Lake, it is popular with tourists from metropolitan Chicago and Milwaukee.
Monona is a city in Dane County, Wisconsin, United States. The population was 7,533 at the 2010 census. It is completely surrounded by Madison and is part of the Madison Metropolitan Statistical Area.The Sand County Foundation is located in Monona.
New London is a city in Outagamie and Waupaca Counties in the U.S. state of Wisconsin. Founded in 1851, the population was 7,295 at the 2010 census. Of this, 5,685 were in Waupaca County, and 1,640 were in Outagamie County. The city has a Saint Patrick's Day Parade, Irish Fest, and week-long festivities, when the city's name is changed to ""New Dublin"" for the week. The American Water Spaniel was developed as a registered breed by Dr. F.J. Pfeifer of New London. It was named the state dog in 1986 after several attempts by Lyle Brumm, an 8th grade social studies teacher who initiated the bill to teach students about state government.
Delafield is a city in Waukesha County, Wisconsin, along the Bark River, and a suburb of Milwaukee. The population was 7,085 at the 2010 census.The city of Delafield is a separate municipality from the Town of Delafield, both of which are situated in township 7 North Range 18 East.
Altoona is a city in Eau Claire County, Wisconsin, United States. The population was 6,789 as of July 1, 2011. The city is a railroad terminal on the Union Pacific Railroad.
Waupaca is a city in and the county seat of Waupaca County in the state of Wisconsin. The population was 6,069 at the 2010 census. The city is believed to be named after Sam Waupaca (or Chief Wapuka) of the Potowatomi tribe.The city is located mostly within the Town of Waupaca, though it is politically independent. A portion extends west into the adjacent Town of Farmington and there is also a noncontiguous area of the city in the Town of Lind to the south. The city is divided into natural areas, city areas, and industrial areas.
Prairie du Chien is a city in and the county seat of Crawford County, Wisconsin, United States. The population was 5,911 at the 2010 census. Its Zip Code is 53821.Often referred to as Wisconsin's second oldest city, Prairie du Chien was established as a European settlement by French voyageurs in the late seventeenth century. The city is located near the confluence of the Wisconsin and Mississippi Rivers, a strategic point along the Fox-Wisconsin Waterway that connects the Great Lakes with the Mississippi.Early French visitors to the site found it occupied by a group of Fox Indians led by a chief whose name Alim meant Chien in French (Dog in English). The French explorers named the location Prairie du Chien, French for ""Dog's Prairie"". The American anglicized pronunciation is ""prairie doo sheen"". Originally this name applied only to the plain upon which the settlement is located, but it was later extended to mean the city as well. The city of Prairie du Chien is located between the Town of Prairie du Chien and the Town of Bridgeport.Aside from its somewhat larger than average tourist trade, Prairie du Chien's economy is similar to most other Midwestern cities of its size. Retail, service, and manufacturing jobs employ most of the city's residents. State and local government are also major employers, as the city is the site of the Crawford County courthouse and offices, as well as a state penitentiary. Prairie du Chien has one of Wisconsin's busiest ports on the Mississippi River. Two railroads and a small two-runway municipal airport make the city a transport and shipping hub for the area.
Lake Mills is a city in Jefferson County, Wisconsin, United States. The population was 5,708 at the 2010 census. The city is located partially within the Town of Lake Mills.
Milton is a city in Rock County, Wisconsin, United States. The population was 5,546 at the 2010 census.Milton is the site of a $70 million ethanol plant built by United Cooperative. A gill animal nutrition plant is located in Milton, with a 170-foot (52 m) grain elevator.
Berlin is a city in Green Lake and Waushara counties in the U.S. state of Wisconsin. The population was 5,524 at the 2010 census. Of this, 5,435 were in Green Lake County, and only 89 were in Waushara County. The city is located mostly within the Town of Berlin in Green Lake County, with a small portion extending into the Town of Aurora in Waushara County.
Edgerton is a city in Rock County and partly in Dane County in the U.S. state of Wisconsin. The population was 5,461 at the 2010 census. Of this, 5,364 were in Rock County, and 97 were in Dane County. Known locally as ""Tobacco City U.S.A.,"" because of the importance of tobacco growing in the region, Edgerton continues to be a center for the declining tobacco industry in the area.
Richland Center is a city in Richland County, Wisconsin, United States, which also serves as the county seat. The population was 5,184 at the 2010 census.
Mayville is a city in Dodge County, Wisconsin, United States, located along the Rock River and the Horicon Marsh. The population was 5,154 at the 2010 census.Mayville is home to several large manufacturing facilities
Viroqua is the county seat of Vernon County, Wisconsin, United States. The population was 4,362 at the 2010 census. The city is located within the Town of Viroqua.
Evansville is a city in Rock County, Wisconsin, United States. The population was 5,012 at the 2010 census.
Columbus is a city in Columbia (mostly) and Dodge Counties in the south-central part of the U.S. state of Wisconsin. The population was 4,991 at the 2010 census. All of this population resided in the Columbia County portion of the city. Columbus is located about 28 miles (45 km) northeast of Madison on the Crawfish River. It is part of the Madison Metropolitan Statistical Area. Nearly all of the city is located within the town of Columbus in Columbia County, though a small portion lies within the town of Elba in Dodge County.
Dodgeville is a city in and the county seat of Iowa County, Wisconsin, United States. The population was 4,698 at the 2010 census, making it the most populous city in the county. Dodgeville is part of the Madison Metropolitan Statistical Area. it is the sixth oldest European settlement in the state. Its sister city is Oakham, Rutland, United Kingdom.Dodgeville was designated a National Mainstreet Program in 1991.
Clintonville is a city in Waupaca County, Wisconsin, United States. The population was 4,559 at the 2010 census. During the spring of 1855 in the month of March, Norman Clinton along with his family U. P. Clinton, Boardman Luman, and Mandy settled along the bank of the Pigeon River[disambiguation needed]. This was the first establishment that grew into the city of Clintonville.
Oconto is a city in Oconto County, Wisconsin, United States. The population was 4,513 at the 2010 census. It is part of the Green Bay Metropolitan Statistical Area. The city is located partially within the town of Oconto.
Mauston (Hoocak: Hoxaikeja ) is a city in and the county seat of Juneau County, Wisconsin, United States. The population is 4,411 according to the 2010 census. It is approximately seventy miles northwest from the state capital, Madison.
Medford is a city in Taylor County, in north-central Wisconsin, United States. The population was 4,326 at the 2010 census. The city is located mostly within the boundaries of the Town of Medford. It is the county seat of Taylor County.
Prescott is a city in Pierce County, Wisconsin at the confluence of the St. Croix River and Mississippi River. The population was 4,258 at the 2010 census, making it the second-largest city in the county after River Falls, and the largest entirely within Pierce County.Prescott was home to the mother house of the Franciscan Servants of Jesus. The town was first settled by (and named for) Philander Prescott, who opened a trading post there in 1839.
Mosinee is a city in Marathon County, Wisconsin, United States. It is part of the Wausau, Wisconsin Metropolitan Statistical Area. The population was 3,988 at the 2010 census.
Chilton is a city in and county seat of Calumet County in the U.S. state of Wisconsin. The population was 3,933 at the 2010 census. The city is located partially within the Town of Chilton.
Lancaster is a city in and the county seat of Grant County, Wisconsin, United States. The population was 3,868 at the 2010 census.
Kiel is a city in Calumet and Manitowoc counties in the U.S. state of Wisconsin. The population was 3,738 at the 2010 census. Of this, 3,429 were in Manitowoc County, and 309 were in Calumet County. The city is located mostly within Manitowoc County, though a portion extends west into adjacent Calumet County.It was once known as the ""Wooden Shoes"" Capital of Wisconsin as it held the only wooden shoes factory in Wisconsin.
Horicon is a city in Dodge County, Wisconsin, United States. The population was 3,655 at the 2010 census.Horicon is home of the Works, which produces lawn and garden tractors, golf and turf reel mowers, and utility vehicles. Daniel Van Brunt, the inventor of the grain-drill and founder of what became Works, also founded Bank in 1896.
Black River Falls (Hoocak: Nioxawani ) is a city in Jackson County, Wisconsin, USA. The population was 3,622 at the 2010 census. It is Jackson County's county seat. The Ho-Chunk Nation has its administrative center in Black River Falls.While the logging and lumber industry is still present in the area, the current economy leans heavily on agriculture and tourism. Several locations support the tourism industry. Lake Arbutus, a 839-acre (3.40 km2) impoundment of the river, lies several miles northeast, as does the multi-use Levis/Trow trail system. Black River Falls is home to a casino and hotel operated by the Ho-Chunk Nation. Much of the surrounding land is part of the Black River State Forest
Stanley is a city in Chippewa and Clark counties in the U.S. state of Wisconsin. The population was 3,608 at the 2010 census. Of this, 3,602 were in Chippewa County, and only 6 in Clark County.
Bloomer is a city in Chippewa County in the U.S. state of Wisconsin. As of the 2010 census, the population of the city of Bloomer was 3,539.
Omro is a city in Winnebago County, Wisconsin, United States. The population was 3,517 at the 2010 census. The city is located along the Fox River, approximately 10 miles west of Oshkosh, Wisconsin.
Peshtigo is a city in Marinette County, Wisconsin, United States. The population was 3,502 at the 2010 census. The city is located within the Town of Peshtigo. It is part of the Marinette, WI�MI Micropolitan Statistical Area. Peshtigo is most famous as the site of the Peshtigo Fire of 1871, in which more than 1,200 people perished.
Seymour is a city in Outagamie County, Wisconsin, United States. The population was 3,451 at the 2010 census. The city is located within the Town of Seymour and the Town of Osborn.
Barron is a city in Barron County (of which it is the county seat), in the U.S. state of Wisconsin. The population was 3,423 at the 2010 census. The city is located within the Town of Barron.
Ladysmith is a city and the county seat of Rusk County, Wisconsin, United States. The population was 3,414 at the 2010 census.
Tomahawk is a city in Lincoln County, Wisconsin, United States. The population was 3,346 at the 2010 census. The city is located to the northeast of the Town of Tomahawk and is not contiguous with it.
Waterloo is a city in Jefferson County in the U.S. state of Wisconsin, located between the cities of Madison and Milwaukee. The city is located within the Town of Waterloo. As of the census of 2010, the population was 3,333.The city is home to a number of businesses, including the headquarters of Bicycle Corporation, one of the world's leading bicycle producers, and Pickles, the world's number one producer of individually packaged pickles.
Brodhead is a city in Green and Rock counties in the U.S. state of Wisconsin. The population was 3,293 at the 2010 census. Of this, 3,203 were in Green County, and only 90 were in Rock County. In February 2000, the city annexed a portion of land from the Town of Spring Valley in Rock County.
New Holstein is a city in Calumet County in the U.S. state of Wisconsin. The population was 3,236 at the 2010 census. The city is located within the Town of New Holstein.
Boscobel is a city in Grant County, Wisconsin, United States. The population was 3,231 at the 2010 census. Approximately 0.6 mi. (1 km) to the north of the city, across a riparian swamp, is the Wisconsin River. U.S. Route 61 crosses the Wisconsin River at Boscobel. To the south, the city is surrounded by the town of Boscobel. Boscobel is the site of a stop along the now defunct Wisconsin Western Railroad. It is also"
The U.s. Trucking Association
specifies that there are about
200,000 workers with freight trucking
300,000 personal providers trucking
firms accredited to
run in America that transported,
according to their latest listings of millions of
products, materials and
standard products .
There are several typical
groups on our country
highways carrying these
vital products to our
shops, manufacturing facilities and shipping ports.
Plus freight invoice factoring
numerous of them and offer their
accounts receivablesfinancing facilities
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
The rough isolation of Wisconsin's North Woods region is cut by part of the Gogebic range, from which much iron ore was extracted before 1965. Iron mining was resumed briefly in 1969 but has since stopped altogether. Sand and gravel, stone, and lime are other valuable mineral resources; zinc (as well as lead) is mined in the Driftless Area in the southwest. Important copper deposits were discovered in the north in the 1970s. The state's greatest natural resource since its earliest days has been lumber. Dense forests (white pines in the north, hardwoods elsewhere) once covered all except the southern prairie. While reckless exploitation in the late 19th cent. drastically reduced the magnificent stands, extensive conservation and reforestation measures have saved the valuable lumber industry, and today c.40% of Wisconsin's land area is forested. The pulp, paper, and paper-products industrial complex in Green Bay and Appleton is one of the largest in the nation. The state's accent, however, is chiefly pastoral. One of the nation's largest dairy herds grazes here, and Wisconsin is the leading state in the production of cheese as well as the second largest milk producer (after California). After dairy products and cattle, the state's most valuable farm commodities are corn and soybeans. Other important crops are hay, oats, potatoes, alfalfa, and a great variety of fruits and vegetables. Food processing, predictably, is one of the state's foremost industries, along with the manufacture of machinery, which is centered in Milwaukee, Madison, and Racine. Other important manufactures are vehicles and transportation equipment, metal products, medical instruments and equipment, farm implements, and lumber. Almost all Wisconsin's major industries are to be found within metropolitan Milwaukee, where the traditional brewing and meatpacking are rivaled by the manufacture of heavy machinery and diesel and gasoline engines. Wisconsin has numerous ports on the Great Lakes capable of accommodating oceangoing vessels. The superb harbor at Superior (shared with Duluth, Minn.) has sizable shipyards and coal and ore docks that are among the nation's largest. Tourism and outdoor recreation are burgeoning, and several Native American groups operate gambling casinos in the state; through casino enterprises the Winnebago tribe has become one of the state's larger employers.
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
Searching for the right trucking companies to move your freight can be tough, with the large amount of local, regional, and national truck carriers out there. Center helps make freight shipping simple, finding you the safest, reliable trucking companies every time you ship. Trucking companies are licensed and insured to carry freight safely and efficiently across the country, no matter the size or type of freight you need to ship.Plus, with the high volume of freight we move, we will work to get you the best freight rates possible. Simply enter in a few details below and you�ll see instant freight rates from all the top trucking companies in one easy screen
EveryJob is a free service dedicated to helping professional truck drivers find new truck driving jobs with the best trucking companies hiring today!
Locate truck driving jobs by city, state, position andenefits offered. Search current driving jobs and fill out the EZ truck driver application customized for cdl trucking jobs
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.
Robinson 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 Robinson Truck & Haul was the mastermind of a top-rated accounts receivable in the trucking industry. Very few customers were behind on their bills, and those customers who were late turned in their overdue payments within an acceptable time frame. 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, Robinson had noticed during the early part of 2008 that though the bulk of their clients were always on time with payments, the few late-bloomers there were, had seemingly started to spread this illness. And as spring turmed to summer and summer into the early days of fall, Brian Knight, CEO of Robinson felt a chill go down his spine whenever he would look at the weekly A/R reports. The number of clients who were late in their payments was continuing to grow.He had already been to the administrators to ask what the actual problem was. Were they doing something wrong or different when it came to reaching out to delinquent accounts? When checking his bookkeeper's records this was definitely not the case. He thought perhaps that he was losing clients to a competitor who offered rock-bottom prices with little to no guarantee of quality performance, and that the folks who owed Robinson 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. But after doing the cursory research for this and talking to friends in the field, he found that alas, no, customers of Robinson hadn't gone elsewhere. They had just gone home.The situation looked dire to Brian Knight. Brian was very concerned, because there were constant overheads, goods to ship, employees to pay, and trucks which needed to be maintained, but there just wasn't the money coming back into the business. At night he would speak to his wife Sharon and shake his head in frustration.
""Lin, I have a really bad feeling,"" he'd sadly say to his wife.""What could you do differently?"" she would say.Brian would stare off for a moment and then close eyes. In his mind he could clearly see the fleet of trucks purchased over the many years. He could see them on the road, delivering good to all his loyal customers. But then a haze would cover his trucks and his vast fleet would vanish to leave just a few. Why couldn�t he work out how to resolve this financial problem with his business?""I know what it is,"" said Brian. ""For way too long I've been relying solely on profits received from invoices. I've let too many of our customers go too long without paying on their bills."" All Sharon 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'.""Brian knew his wife meant well, but he knew that he was responsible for too many people to sit idly by, waiting for the sun to peak over the clouds.The following day Brian walked into his office with a spring in his step, determined to call each and every client who owed money to Robinson Truck & Haul. 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, Brian knew that he was in trouble.
Poor Brian spent the whole morning trying in vain to contact his debtors: they promised to call back, dodged his calls, or made small interest-only payments. He was beginning to feel quite despaired when his secretary knocked on his door.
""Brian, can I have a word?"" she queried, standing in the doorway.
""Sure thing Claudia, come on in."" Brian leaned back in his chair and looked expectantly at Claudiaerely.""Well Brian, 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?"" she asked.""It does sound vaguely familiar. What is factoring""? he asked.""Well,"" she began, ""It�s actually quite simple really.
Basically, factoring invoices means that we would get paid immediately for the loads we haul.""Immediately?"" Brian interrupted.""Immediately, yes"" she added, ""it is actually very simple. We can have an expert account manager review our numbers and help us complete a company profile. Included in the profile would be the investigation of our accounts receivable aging reports, our current customers' credit limits etc.. 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,� Brian said. �And then what?""Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. There�s a lot of flexibility depending on the business volume and credit histories. This company tells us what the cost will be to purchase factoring for our accounts receivable. We come to an agreement and the funding starts pouring out.�Brian was still a little concerned. He leaned forward in his chair and studied the paperwork very closely.""It sounds too good to be true, Claudia,"" he said.""Yes, I know; that's exactly what I thought at the beginning. But think about it, Brian: they've guaranteed that experts will do all the paperwork, and that will free us up to do what we should be doing - focusing on our customers in good standing, and that kind of stuff. And they're flexible Brian,"" 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. 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 Brian.He took a deep breath and looked at his secretary with something she recognized as hope.""Exactly�. I think this might just be a way out of the trouble we are in with these folks who owe us money.""Brian took a moment to think about this solution, and agreed with his secretary. The customers who were in debt to Robinson Truck & Haul were professional resources of the company, but they were also long-standing friends. They did not want to throw away these relationships because they were having trouble paying their bills now. He was well aware that the economy was in a bad way and that it might be quite a while before things started picking up. 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.""Well, let me think about this tonight Claudia, thank you."" Claudia nodded, stood up and left the office feeling that she had helped her employer keep on his shirt and hers too.Brian sat behind his desk and looked over the details Claudia had not mentioned in their meeting. What other issues could freight factoring help Robinson 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, Robinson could receive up to fifty-percent cash advances upon load pick-ups. Brian 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 Fred about this,"" muttered Brian to himself.Fred is Brian's son-in-law, and he really admired the ideas behind Robinson, so much so that only two years before he had started his own transportation service business. Brian knew then what struggles Fred would face but he encouraged him nonetheless. With the faltering economy, if a big fish like Robinson was hurting, a little guy like Fred was about to catch his death. But, an antidote may have been found in freight factoring and Brian was soon to find out.A few months later after going through the entire application process and having the experts review his accounts receivable, credit history and statements, Brian found himself beginning to dig his way out of the hole his delinquent account holders had created for him.They took on reasonable factoring purchase contracts and stopped spending their precious man hours scrambling to collect debt. They took that time and refocused effort to offering competitive prices in new territories. Brian looked back on the dismal months of life before freight factoring and almost shuddered at the thought. If Brian hadn't discovered freight factoring at just the right time, his business may not be operating today.
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Factoring in the Future of a Trucking Business: A Story The phone was ringing on his desk, and Clyde Riley just sat there letting it ring. 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. Riley 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.
Clyde�s father had started as an owner-operator and had grown Riley 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 Clyde's mother had jumped into the cab at times to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. But now things were different: the company was in Clyde's hands and he needed to ensure that this business would be left in great shape for his sons.
To move Riley 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 Riley 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. Clyde chuckled, thinking about his father. He remembered when his father was totally against installing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� Also his father had the habit of teasing all the drivers he caught switching into automatic even though driving in automatic was much more efficient though not manly in his father�s eyes. 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.
Clyde believed a successful man is always thinking of his next step. What would be the next step for Riley 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.
He wondered about factoring - was this the answer for him? If he was being honest, he did not really understand how it all worked. It sounded like a ninth grade math problem and he wondered how this would fit into the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. 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. During those thirty days the trucking company cannot pay its employees and bills with invoices.
Clyde had to really consider what his next step was going to be. He had heard of companies charging for same day money transfers, advancing a percentage of the money owed to your business, while the rest is held in a private account if the bill wasn't paid within sixty or more days. Plus it was worse still if the customer didn�t pay up at all because then the factoring company would take it right out of the money supposed to be coming to you! 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 colleague, Ronnie, who owned a trucking company in Missouri, was nearly destroyed by a factoring company who charged him the full freight bill on top of the fees for factoring. Well, what was the point of going to a factoring company if there was shady business like that going on?
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. 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. In fact, he was quite pleased with the idea of a long-term contract because he knew this was a one-off and he would not have to keep going back and forth to different companies. Nobody charged him for credit checks and they offered him a fuel advance on the pick-up of the load. In fact there were a few companies who offered him a non-recourse factoring program, and this was exactly what he had been hoping for. He was more than happy with the figures he was offered in percentage terms on the freight bills. It was good money.
For Clyde it was quite a relief to be dealing with the factoring company. They were extremely helpful and more personable than the bank staff. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. Factoring was based on the credit of his customers and on their reliability which worked well for Clyde 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 wouldn�t think poorly of Riley 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.
Feeling happier now, Clyde stepped out of his office to advise his secretary to expect to receive the contract very shortly from the factoring company. There was a new bounce is his step now: he knew instinctively that this new step would raise the future of his company to a new and higher level, and that all the stress from the past could now be put behind him. He suddenly realized that, with this new cash flow, he could actually expand Riley Trucking Company and who knows, move into Canada, which had always been his dream. He was a happy man again knowing that he had just made a decision which would guarantee the success of his business and his sons would not be inheriting a financial mess.
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�So It is not a loan?� Ron Alexander 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.Ron 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 David. He named his business Harrison Trucking, named after Roberto and Hector, his two grandfathers. They had both been hardworking men, and had done a lot to make Ron the same.Six months ago disaster struck David's business when two out of his fleet of fifteen trucks were taken off the road.
One was involved in a very costly accident, and the other simply rolled over, and headed to the trucking graveyard. The financial security of David'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. In the long run, this wasn�t an issue, but if problems arose, you could find yourself in trouble.Ron was an excellent business man, and he certainly hadn't done anything wrong. Certain events had occurred that he could not possibly have predicted, and now he had to find a way to protect his business and prevent it from ultimate devastation.And that's why he found himself across the desk from this woman. Her name was Pearl and she worked for a factoring company. Ron 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.Pearl explained. �it is really not a loan at all: we actually buy your accounts receivable. we are not giving you finance to be repaid later: we are purchasing something from you, and when you can you can buy it back. That way we�re protected from a complete loss, but you�re protected from the outrageous fees you would find in a loan from the bank.Ron agreed. It sounded perfect - perhaps too good?.The woman laughed. �You look like you don�t believe me,� she chuckled.�Oh no, I do: it just sounds too good to be true. I actually thought I might end up losing my business.�Pearl 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 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,� said Pearl with a smile. �Let's work out a solution to your problem.�And right there and then they created a business profile. Ron filled the form out, with Pearl available to help him if he needed it. The completed profile gave Pearl and her company all the information they needed on David's business, and with this information they would determine if this business would in fact be suitable for Factoring. In truth, not all companies were. Some businesses are beyond the help of a Factoring company, while other businesses weren't in enough financial stress to warrant it. As Ron completed his form, Pearl listened to his story and she felt quite sure he would be the ideal candidate for Factoring.Pearl took the completed form and placed it in her briefcase. Standing up, she reached over the desk and shook David's hand. He also stood up, and they smiled at each other. Ron walked Pearl to the door where they said 'Goodbye', then he went back into his office.All his staff members were there, all seven who worked in his office. Sitting behind his desk once more he could hear the familiar sounds of his office workers going about their daily business.He leaned back and closed his eyes. He had felt so helpless lately, was sure the whole thing was collapsing, and would take him with it. But now, after speaking to Pearl 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 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 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 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 about it for a long time, then decided it was time to sell his restaurant. He took six months off, and during that time he decided to create Harrison Trucking. And that's exactly what he did. Once again he built a company from the ground up. He had been successful.And then the trucks went down, and his success looked to be in flux. He was about to turn fifty. He didn�t think he had it in him, to save this company. 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 didn�t know how to say quit.And now, because of factoring, he was sure he wouldn�t have to. David's eyes opened, he sat forward in his chair and turned on his computer. He had lots to do. There would be plenty of time later to be thankful, but for now it was time to get back to work.
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Precisely why Truck Agencies Use Factoring Companies.
As the operator of your own establishment, you may be more than wary already of the difficulty in making sure that cash flow matters do not become a dilemma down the line. Anyway, the most disappointing thing that can in all probability take place for your business is to find yourself embroiled in a long and troublesome predicament that leaves you forever trying to find the money you really need on an recurring manner.
For any kind of enterprise in this scenario, the concern can come for waiting for work to lapse and actually be paid into your bank account. Invoices, checks, and the like could take some time to actually to beprocessed which may leave you with momentary capital troubles. Fortunately, there are approaches out there for firms to consider-- and just one of these is factoring firms.
Factoring providers will, in exchange for your statements, supply you with the money immediately to ensure that you do not need to fret about the waiting duration which could make paying out the bills and obtaining materialsmore hard. With this type of arrangement, invoice factoring can become incredibly useful for plenty of businesses who have to get out of a cash ploy which they have gotten themselves in.
Since, relying on the scale of the project, it can take up to 60 days for some establishments to get paid then it is critical to blanket your own back and not leave yourself money short to pay the costs. After all, how many companies possess two months earnings just lying there to pay for all their spendings until they make money?
This is specifically true of trucking enterprises. They generally take care of bunches of statements which means a notable amount of collection time demands business owner themselves. Trying to get compensated in time can eventually become an incredible inconvenience and this is exactly why you make use of truck factoring agencies who are glad to help out truckers specifically.
As most of us understand, trucking is an incredibly big business with countless agencies out there handling hundreds of vehicle drivers. The sad thing is, plenty of these drivers land up in income predicaments considering that they are still waiting for work from six weeks in the past to actually pay them. When this is the case for a trucking firm, depending on factoring firms for aid could be the finest choice left.
This indicates that a trucking corporation can pay out the salaries of the personnel, keep all the trucks filled with gas and continue to go up, rise and expand without constantly waiting for the money which is taking too prolonged to come in. Trucking Enterprises operating without a factoring system applied are leaving themselves at substantial danger, as contenders cash out rapidly and continue to expand.
There's genuinely not much to be distressed about when it comes to utilizing a Factoring establishment-- they are not like a banking company or any individual who is going to leave you with a considerable pile of financial obligation to repay. You give them legitimate invoices from job you have already completed , you are just facilitating the payment system.
In the United states of America, where truck establishments do well, factoring providers are not considered taking on loan in any capacity. This private arrangement then enables both parties to benefit and experience a worry-free future-- it provides the factoring firm a guaranteed asset of earnings to add to the list and it furnishes the trucking firm the required finances that they worked hard to get.
The trucking firm bestows their invoices to the factoring enterprise. The trucking factoring provider then acquire the payments from the trucking company's clients. Factoring has been in existence for centuries and has been used for long times by a lot of diverse business sectors-- but none exceeding so than truckers. While you could lose out on a small part of the money, something like 1-3 % depending upon who you team up with, it signifies that you are getting the money today and can actually begin putting the money to operate.
Once and for all, an IOU or an invoice is not actually going to pay for expenditures, is it? For trucking agencies when the money can be excellent one day and gone the next, it is up to the vehicle drivers to work prudently and to ascertain they are leaving themselves with a substantial quantity of time and money to get through the week up until they are paid for again.
So the next occasion your trucking establishment is enduring some temporary capital troubles and you are shelling out way too much time chasing slow paying clients, why not begin taking into consideration making use of a factoring businesses as a method to get your money and give yourself a more at ease future in the eyes of your trucking workers and your bank difference?
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. 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. 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 offer loans, and you do not go into debt when you get money from a Trucking Factoring company. The finance you receive from the Trucking Factoring company is determined by money already earned by your business, but not yet received. 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 money you can receive is based on the amount of money you have earned and the accounts receivable you are willing to �sell.� Once a Trucking Factoring account has been created for you, it will continue for as long as you need it, with the money available continuing to grow as your business grows, and providing cash as you require it.
What Are The Benefits Of A Trucking Factoring Company Versus A Traditional Bank Loan?
While not every business can take advantage of Trucking Factoring account financing (you have to have a business that has account receivables) for those that can use this type of financing there are several distinct benefits.
1. 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. In the event that your business fails, you would not have to be concerned about someone coming after your personal or your business assets in order to pay off a loan. With a bank loan, the debt goes onto your credit report, and even one late payment can adversely affect your businesses credit, and even the ability to get insurance and may even reflect upon your personal credit rating.
2. No Collateral Required. Another benefit of using a Trucking Factoring company instead of a traditional loan is that you are not required to provide collateral to the Trucking Factoring company in order to secure financing, because the company �buys� the accounts receivables; not loans you money based on them. In addition, while the Trucking Factoring company does run a credit check on your customers whose accounts receivables are offered for financing, the state of your credit is not an issue. This 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. You'll receive the 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. With a bank, there are vast amounts of paperwork, then the loan has to be underwritten, which can take months before you actually see the loan if it is approved.
4.Interest is Paid Up Front. With a bank loan interest continues to build, and this has to be paid the whole time you have a business loan; however with a Trucking Factoring company there is no interest - they take it right off the top by deducting it from the total amount of receivable accounts. So 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 from the above, there are some great benefits to financing through a Trucking Factoring company, and not through a traditional bank loan. In addition, there are other benefits that a Trucking Factoring company can offer you, outside the scope of a bank. The most important benefits is that once you sell your accounts receivable to the factory company, you do not have to take time away from running your business to collect the money owed from reluctant to pay customers. Since these accounts belong to the Trucking Factoring company, this is now their job. Trucking Factoring companies are very efficient at debt collecting, and this frees up your valuable time to devote to running your company.
Another bonus is that, because the Trucking Factoring company has evaluated the quality of your customers' credit before buying the accounts receivable, you learn valuable information regarding your customers, like which ones are likely to pay, and which ones are less 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.