FACTORING SERVICES - Bulk Trucking Forum & Discussion Board & Bulkloads.com

{ "forumId": 22676, "postTypeId": 1, "postType": "Forum", "forumTitle": "FACTORING SERVICES", "forumContent": "need advice on pros and cons", "forumContentHtml": "need advice on pros and cons", "thumbUrl": "", "dateAdded": "2010-05-26T17:36:24Z", "lastPost": "2015-01-12T14:32:30Z", "views": 3136, "likes": 0, "dislikes": 0, "messageCount": 11, "premiumOnly": 0, "isfeatured": 0, "showInDays": -100, "showDate": "", "forumLink": "", "youtubeVideoId": "", "approved": 1, "active": 1, "alias": "factoring-services", "forumUrl": "https://www.bulkloads.com/forum/factoring-services/", "userId": 1639, "firstName": "Harley", "lastName": "Waters", "companyName": "H D W TRANSPORT", "email": "[email protected]", "city": "Modesto", "state": "CA", "userCommentCount": 15, "userLikes": 1, "replies": [ { "replyId": 19722, "content": "the best companies i have take about a week. then the rest are out 2 weeks or more. some are 30 days. fuel bill needs to be paid, so i use a factoring company. most are like 3% so it isnt that bad", "contentHtml": "the best companies i have take about a week. then the rest are out 2 weeks or more. some are 30 days. fuel bill needs to be paid, so i use a factoring company. most are like 3% so it isnt that bad", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-05-28", "dateAdded": "2010-05-30T22:16:25Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 1661, "firstName": "DEAN", "lastName": "SLAVICK", "companyName": "DEAN SLAVICK", "email": "[email protected]", "city": "ALDEN", "state": "MN", "userCommentCount": 4, "userLikes": 0, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 19723, "content": "\n If you put a 2% discount if paid within 10 days you will see a lot of them being paid within time limits.\n Provide tracking number and they can make a direct deposit.\n", "contentHtml": " \r\nIf you put a 2% discount if paid within 10 days you will see a lot of them being paid within time limits. \r\nProvide tracking number and they can make a direct deposit. ", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-05-20", "dateAdded": "2010-06-24T21:41:51Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 1467, "firstName": "JOHN", "lastName": "NUGENT", "companyName": "JOHN W NUGENT", "email": "[email protected]", "city": "ANDERSON", "state": "AL", "userCommentCount": 2, "userLikes": 0, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 19724, "content": "\n \"Just like Brokers\"? I don't know what kind you're dealing with but we pay w/in 25-27 days upon receipt of the invoice and there are customers of ours that pay on faxed invoices. So before you go saying that brokers take forever to pay, look at how expeditiously you are at invoicing.", "contentHtml": "\r\n\t"Just like Brokers"? I don't know what kind you're dealing with but we pay w/in 25-27 days upon receipt of the invoice and there are customers of ours that pay on faxed invoices. So before you go saying that brokers take forever to pay, look at how expeditiously you are at invoicing.", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-05-17", "dateAdded": "2010-06-25T13:15:24Z", "likes": 1, "dislikes": 0, "approved": 1, "userId": 1283, "firstName": "MIKE", "lastName": "MALY", "companyName": "LPC LOGISTICS / LACKAWANNA PRODUCTS", "email": "[email protected]", "city": "Clarence", "state": "NY", "userCommentCount": 19, "userLikes": 0, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 19725, "content": "Not all Brokers are bad, we actually provide a great service if you find one that is in it to build a solid business and not out for fast cash. Factoring should be done with care. I would suggest only factoring what you need to make sure that your bills get paid on time. There are a lot of good factoring companies out there you just have to do your research, just like with Brokers, Carriers, and Shippers. The goal is to build business relationships, and unless you are loaded with cash factoring will likely play a part in your company and the way it manages cash flow.", "contentHtml": "Not all Brokers are bad, we actually provide a great service if you find one that is in it to build a solid business and not out for fast cash. Factoring should be done with care. I would suggest only factoring what you need to make sure that your bills get paid on time. There are a lot of good factoring companies out there you just have to do your research, just like with Brokers, Carriers, and Shippers. The goal is to build business relationships, and unless you are loaded with cash factoring will likely play a part in your company and the way it manages cash flow.", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-07-05", "dateAdded": "2010-07-06T02:08:19Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 1994, "firstName": "CHARLES", "lastName": "DAUGHERTY", "companyName": "JIGSAW LOGISTICS GROUP, LLC", "email": "[email protected]", "city": "DAWSONVILLE", "state": "GA", "userCommentCount": 33, "userLikes": 0, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 19726, "content": "If you are hauling freight for $1.40 per mile then you are already getting factored, you just haven't come to realize the fact yet!!!!! haha Maybe we can interchange that word factored for another popular word, huh? haha!!!! Companies that pay the most tend to take up to 45 days to pay..... I never haul a load for less then $1.70 per mile.... Never deadhead more than 100 miles to get a load..... I factor some, but it only cost me around $25.00 per $1,000. and I get my money same day I deliver.....", "contentHtml": "If you are hauling freight for $1.40 per mile then you are already getting factored, you just haven't come to realize the fact yet!!!!! haha Maybe we can interchange that word factored for another popular word, huh? haha!!!! Companies that pay the most tend to take up to 45 days to pay..... I never haul a load for less then $1.70 per mile.... Never deadhead more than 100 miles to get a load..... I factor some, but it only cost me around $25.00 per $1,000. and I get my money same day I deliver.....", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-05-26", "dateAdded": "2010-08-15T15:39:37Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 1628, "firstName": "STACEY", "lastName": "DURHAM", "companyName": "STACEY DURHAM TRUCKING", "email": "[email protected]", "city": "PAINT LICK", "state": "KY", "userCommentCount": 25, "userLikes": 0, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 19727, "content": "I CAN GET YOU A BETTER RATE THAN THAT CONTACT\n STEVE\n 631-374-8433\n", "contentHtml": "I CAN GET YOU A BETTER RATE THAN THAT CONTACT \r\nSTEVE \r\n631-374-8433 ", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2010-08-31", "dateAdded": "2010-08-31T18:53:28Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 2486, "firstName": "STEVE", "lastName": "OTTERBECK", "companyName": "CENTURY CARRIERS INC", "email": "[email protected]", "city": "FARMINGDALE", "state": "NY", "userCommentCount": 1, "userLikes": 0, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 30286, "content": "We at OTD GLOBAL LLC can factor your truckers invoices as they are faxed call 2486363777 Vann Espree C.E.O. OTDGLOBAL.LLC Thank you for your time.", "contentHtml": "We at OTD GLOBAL LLC can factor your truckers invoices as they are faxed call 2486363777 Vann Espree C.E.O. OTDGLOBAL.LLC Thank you for your time.", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2014-12-08", "dateAdded": "2015-01-10T16:26:57Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 39991, "firstName": "VANN ESPREE OTD", "lastName": "GLOBAL.LLC/ FREIGHT BROKER", "companyName": "OTD GLOBAL.LLC", "email": "[email protected]", "city": "Detroit", "state": "MI", "userCommentCount": 5, "userLikes": 0, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 30287, "content": "Talk to your local bank about a line of credit on recieables.. We pay 6% interest rate on it.vs a factoring company that charges 3% fee for 14 day.", "contentHtml": "Talk to your local bank about a line of credit on recieables.. We pay 6% interest rate on it.vs a factoring company that charges 3% fee for 14 day.", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2014-02-27", "dateAdded": "2015-01-10T16:47:19Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 13858, "firstName": "Russ", "lastName": "Williams", "companyName": "INTEGRITY TRANSPORTATION SERVICES", "email": "[email protected]", "city": "Bertram", "state": "TX", "userCommentCount": 98, "userLikes": 59, "userDislikes": 7, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 30293, "content": "I use them to get my trucks back on occassion when I'm dealing with shippers I haven't dealt with in the past. A small price to pay even just for running a credit check before signing on a load. I am always looking to build new lanes and in this here one day gone the next world we live in its good to have somebody to help you sort the good from bad. I do not recommend building your whole business around factoring, just use it on an as needed basis.", "contentHtml": "I use them to get my trucks back on occassion when I'm dealing with shippers I haven't dealt with in the past. A small price to pay even just for running a credit check before signing on a load. I am always looking to build new lanes and in this here one day gone the next world we live in its good to have somebody to help you sort the good from bad. I do not recommend building your whole business around factoring, just use it on an as needed basis. ", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2014-11-06", "dateAdded": "2015-01-10T21:15:43Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 37551, "firstName": "SCOTT", "lastName": "WACHTEL", "companyName": "BSI TRANSPORT", "email": "[email protected]", "city": "New Baltimore", "state": "MI", "userCommentCount": 64, "userLikes": 3, "userDislikes": 1, "links": [], "files": [], "iLike": 0, "iDislike": 0 }, { "replyId": 30303, "content": "Freight Factoring provides multiple services. It can help with credit checks, quick payment, customer analysis, and more. At Smart Freight Funding we are extremely flexible and help build a program that fits each driver. We understand that a one size fits all approach doesn't work in the trucking industry, that is why we don't make any of our customers sign exclusives, there are no min or max that needs to be factored each week, and our customer service staff is available 24-7. Although factoring may not be for everyone, if it is something that can help you out from time to time, we have no application fee and can have you set up in as little as 45 minutes. Feel free to call us any time at 402-516-5971. Thanks Nate at Smart Freight Funding", "contentHtml": "Freight Factoring provides multiple services. It can help with credit checks, quick payment, customer analysis, and more. At Smart Freight Funding we are extremely flexible and help build a program that fits each driver. We understand that a one size fits all approach doesn't work in the trucking industry, that is why we don't make any of our customers sign exclusives, there are no min or max that needs to be factored each week, and our customer service staff is available 24-7. Although factoring may not be for everyone, if it is something that can help you out from time to time, we have no application fee and can have you set up in as little as 45 minutes. Feel free to call us any time at 402-516-5971. Thanks Nate at Smart Freight Funding", "parentReplyId": null, "thumbUrl": "", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "signUpDate": "2014-11-03", "dateAdded": "2015-01-12T14:32:30Z", "likes": 0, "dislikes": 0, "approved": 1, "userId": 37124, "firstName": "NATHAN", "lastName": "BRODERS", "companyName": "SMART FREIGHT FUNDING, LLC", "email": "[email protected]", "city": "Omaha", "state": "NE", "userCommentCount": 7, "userLikes": 2, "userDislikes": 0, "links": [], "files": [], "iLike": 0, "iDislike": 0 } ], "userDislikes": 0, "signUpDate": "2010-05-26", "avatarThumbUrl": "https://s3.amazonaws.com/cdn.bulkloads.com/user_files/profile/thumbs/default.png", "links": [], "files": [], "iLike": 0, "iDislike": 0, "iSubscribe": 0 }

Community