How to use factoring to finance your trucking company

How To Use Factoring To Finance Your Trucking Company

Financing a business, especially in today’s environment, is very challenging. Trucking companies, by their nature, are cash intensive. You have a continuous outflow of expenses. Fuel. Drivers. Maintenance and all the other expenses that must be constantly handled. Income, on the other hand, is more challenging. It tends to be irregular because more clients pay their invoices in 30 to 60 days.

In summary, you have regular expenses but irregular income. This creates a gap that is opened at expense time and closed once the income arrives. And unless you have enough funds to cover the gap, your trucking company will run into serious problems.

One way to cover the gap is to get clients to pay sooner. This can work sometimes, provided the client is willing to pay quickly. If they are not, your only alternative is to get business financing. This can be very challenging, especially in the current lending environment. Getting a business loan is a long complex process that has a lot of uncertainty. Fortunately, small business loans are not your only option.

If your biggest challenge is that you can’t afford to wait for your clients to pay, you should consider an alternate form of financing called freight factoring. In essence, freight factoring is the equivalent of getting a quick pay. But the quick pay does not come from your client, it comes from the factoring company.

The transaction is fairly simple. You sell your invoice/freight bill to the factoring company, who gives you an initial advance of 90% of the invoice. This advance can be higher in certain circumstances. You get the final advance of 10% (less the factoring fee) once your client actually pays the invoice.

One of the big advantages of freight factoring is that most factoring companies look at the credit quality of your invoices as your most valuable asset. This is very important – because small companies with a solid roster of clients can usually qualify. One further advantage is that a factoring program can be set up quickly – usually in about a week.

In conclusion, freight factoring can be an ideal solution for business owners that cannot afford to wait 30 to 60 days to get paid.

How to take the headache out remodeling your office space

How To Take The Headache Out Remodeling Your Office Space

Thinking about remodeling your office space but the mere thought of relocating your computers, office equipment and files is making your head throb? Relax. What if you could turn your entire office space over to the contractors and simply move out?

In fact, you might have to move if part of the remodeling process involves the removal of lead or asbestos.

Does such a move sound like a giant hassle?

It doesn’t have to be. At least not as bad as dealing with the noisy remodelers, their ladders, avoiding their paint cans and trying to talk with someone while loud hammering noises are pounding outside your office space.

Then again you may be worried about the cost factor of renting a temporary office space. Never mind the time involved in trying to negotiate a fair price for office space for only a limited amount of time. Or maybe you are doubtful that it is even possible to rent a short-term office space that is fully-furnished, fully functional and will best present a successful image to your existing and new customers. You realize that conventional commercial office space leases costs a small fortune and often involves a lengthy, complicated contract.

If you find yourself stuck in this dilemma, it’s time to contact an executive suites provider in your area. Executive suites is not the name of a building…it’s a plan. Actually an ideal plan for anyone needing office space for a short period of time.

Executive suites are located in cities all over the world. You can rent them for a day, week, month or however long it takes until your remodeling or construction work is done. There is no complicated lease contract. Just a simple, flexible and very affordable rental agreement. Best of all, you don’t have to wait forever, with one phone call, you can move in immediately.

Key factors involved in finding the right buyer for your home

Key Factors Involved in Finding the Right Buyer For Your Home

Homes are not the most liquid of assets and a lot of effort goes into selling an apartment. Even though one can hire an agent to help make the process easier, one needs to be extremely cautious during the process and keep the following things in mind when selling an apartment:

Make sure your apartment is in good form: as home buyers have many options available to them is it important to ensure that the complex you are planning to sell must be in a good shape with no visible drainage issues or chips/ cracks in the walls. Thoroughly check all part of the property to make sure that it is clean a tidy maintain your complex clean and. The property might also need some beautification along with basic repairs like fresh paint, latest fixtures, maintaining green lawns etc. to make your apartment impressive to the buyers’ eyes and thus lead to a quick sale.

Property attributes and pricing: it is important to think from the buyers point of view when selling an apartment and try and deduce what possible changes or additions can be made to make your property be a ‘hot buy’ for the buyer. Also, pricing should be at par with the value that the apartment offers to ensure that exorbitant prices do not keep buyers away. It is better to charge a reasonable price and ensure a quick sale rather than keep looking for higher prices indefinitely. One can also enlist the help of legal property dealers to arrive at a fair price of the apartment on the bases of location, size, amenities etc.

Consider tax payments that need to be made on a property sale: some part of the amount you get for sale will be deducted by the government as tax. Thus, it pays to plan in advance to look for options that might be able to fetch you maximum tax benefit and not have to hold up the sale after the deal has been finalized because of this. To understand and assist you with the legal jargon the services of professional can be availed to help make the process hassle free and quick.

Beware of cheaters: lastly, take utmost care to ensure that you are not cheated or duped. Do not sign any legal papers without carefully going through each line in the document and enlist the help of property dealers if need be. The importance of this cannot be over emphasized as this market is fraught with fraudulent practices and it will be wise to be on your guard. If one keeps the above mentioned basic points in mind it will ensure a quick house sale leaving both the seller and buyer completely satisfied and help avoid any hassle later on.

How to find reputable chicago movers

How To Find Reputable Chicago Movers

For individuals or families who are moving to the Chicago area, consider hiring professional Chicago moving services. The majority of people who move prefer to use Chicago movers or a moving company in general, as professional movers offer excellent services to reduce the stress of moving day.

There are many different search methods one may use when attempting to find the best Chicago moving services. For instance, one may search in the local phone book, Google or a local search engine on the Internet, or obtain recommendations from friends or family. Combining one or more of these search methods is ideal, as obtaining more information about different companies will help one make the best decision on the best Chicago movers to hire for your next move.

People who currently live in the Chicago area should try using the local yellow pages to find Chicago moving services. At the back of the phone book is a business directory where local movers are listed. Contact a few of these movers to obtain service information, rates as well as a free estimate. All inquiries should be obtained by contacting the company directly.

The Internet will also yield the same if not more results about Chicago movers. Although the Internet can be used to find a Chicago moving services in a number of different ways, one of the most efficient methods is to use an online phone book or an online business directory. An online phonebook usually has more options than a paper or hard copy phone book, as it is less expansive to advertise online. However, the majority of the listings found in an online phone book should contain most of the same information as the listings found in a traditional phone book.

A standard internet search should also be conducted in addition to a traditional phone book and other online methods. Type the words Chicago moving services, Chicago moving company or Chicago movers into Google or a similar search engine, and thousands of results should come up. Most of these results will lead website users to the websites of Chicago movers. Information on services, rates and policies can be obtained here, as well as a contact phone number which should be use to confirm the information found on the website.

While the internet is the most convenient search method, and the telephone directory is the most traditional way of finding Chicago movers, these are not the only search methods in which one may use. Referrals from friends can be better than any information found online, as the source is reliable and trusted. If one does not have any friends or family who can recommend a decent company, look for testimonials on the internet.

Regardless of whether or not one searches for Chicago moving services by speaking to friends and family, or by using a traditional phone book or different internet services, it should be fairly easy to locate a number of Chicago moving companies. In an effort to determine which moving company offers the best services for the most reasonable prices, it is recommended that those who intend to move directly contact each company for additional information.

How to get into preforeclosure investing

How to Get Into Preforeclosure Investing

If you have ever dreamed about getting into the real estate market, the present time provides you with a unique opportunity to excel in a niche known as preforeclosure investing. By taking a little time to learn about home foreclosure and preforeclosure investing, you can gain the wisdom and expertise necessary to make serious money.

Even committing to some preforeclosure investing on the side can add tens of thousands of dollars to your annual income. If you are willing to take just a little risk, you can potentially create substantial returns.

Foreclosure is the process by which a bank repossesses a home and sells it at auction when the homeowner fails to make mortgage payments. Preforeclosure, then is the period of time between when the bank opens the foreclosure lawsuit and then sells the home at auction.

During this period, homeowners generally wait in fear without any real options. They oftentimes make no money on the auction of the home and are without solutions. This window of time creates an opportunity for investors to contact the homeowners and offer to buy the home at less than market value. Homeowners are oftentimes willing to sell the home for much less than fair market value because even making a little money is better than coming away from their home with no money in pocket.

The trick with preforeclosure investing is finding people whose homes have been foreclosed upon and convincing them that you are on their side. Fortunately, there is software to help you climb up the learning curve in this regard. You can learn all about this process from the comfort of your own home and start making money almost immediately.

A program by the name of Best Foreclosure System will help you do this. Visit http://www.bestforeclosuresystem.com and begin preforeclosure investing today.

“For more information on preforeclosure investing, visit http://www.bestforeclosuresystem.com.”

September 2017
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