(141)How to use freight bill factoring to finance your trucking company

There are few businesses that are as cash flow intensive as a trucking company. The list of ongoing expenses can be endless and can easily overwhelm small and medium size trucking companies. There are fuel expenses, truck repairs, rentals and salaries. Although most trucking companies are very profitable, few can afford to wait the usual 30 to 60 days it takes to get paid for their freight bills.
Unless the trucking company has a significant cash cushion in the bank, waiting 30 to 60 days to get paid can cause serious problems. It can jeopardize existing operations and furthermore, it can prevent you from growing your business. The only way to get out of the cash flow rut is to find a way to capitalize on your slow paying invoices. The best tool to do this for a trucking company is called freight bill factoring.
Freight bill factoring enables the trucking company to get paid for their freight bills within a day of invoicing, eliminating the usual 30 to 60 day wait. With a factoring agreement in place, you can stabilize your company's cash flow and eliminate the stress of not knowing when you'll be paid. Since freight bill factoring eliminates the worries of waiting for your payment, you will be free to focus on what you do best: running your business.

Who qualifies for freight bill factoring?
Most small and mid size trucking and transportation companies should qualify for factoring. There are two main requirements to qualify. First, your company must do business with reputable clients or freight brokers. Second, your company must be free of tax problems. If you meet these two criteria, more often than not you will qualify. Most factoring companies are comfortable working with new businesses, so you should be able to qualify even if your company is a start up. Best of all, you can get a financing agreement in place within a few days.

What services does a factoring company provide?
The main benefit of working with a freight bill factor is that this will provide you with advanced funds on your freight bills. That means you can get paid very quickly after invoicing. However, most factors will also provide you with collections and credit protection as part of their services. This enables you to focus your energies and your staff on growing your company rather than on expensive and time consuming back office work.

Factoring for growth
Although many truck operators initially obtain factoring financing to avert the problems of dealing with slow payers, eventually most owners realize that factoring can help them grow their business. It eliminates their biggest worry by ensuring that invoices get paid immediately, freeing up cash and enabling the owner to grow the business.
Copyright (c) 2009 - Commercial Capital LLC - All rights reserved. This article may be reprinted provided it is not modified and all links are kept intact

About the author:
About Invoice Factoring Group
Invoice Factoring Group ( can provide you with a free trucking company / freight bill factoring quote. Marco Terry, its president, can be reached at (866) 730 1922.
Written by: Invoice Factoring Group

(142)How you can use Rehab, Refinance and Cash Out as a long term wealth building Real Estate Investing strategy..

Today we are discussing a somewhat advanced strategy for you to use after you have been in the creative real estate investing business for a while. I call this "Rehab, Refinance, and Cash Out". This strategy can lead to true long term wealth and financial independence. This works very well in a buyers market like Memphis where prices have been quite flat for some time. You need to use this to augment your wholesaling for immediate income and retailing for bigger short term profits. Rehab, Refinance and Cash Out is a long term wealth building strategy and will be something you will be glad you did as it is a long term buy and hold strategy, and those are the strategies that lead to true wealth accumulation and financial independence. Let me explain how this works. You find a good middle to low end 3 bedroom home that you are able to buy from an out of state owner or other motivated seller that needs a little work and you buy at 60% of after repaired value. You buy the house using a hard money lender like and do your fix up and have a property management firm manage the property and put a renter in the house. The hard money lender will typically loan you up to 65% of the after repaired value to purchase the house which you use to buy the house and then repair it. Now that the home is repaired you obtain an investor friendly mortgage and cash out by refinancing at 80-90% of after repaired retail value and you should be doing this with properties where this strategy gives you back at least $10,000 at the refinance that you can use in your business any way you need. Do not use this money to live on, use it solely to grow your real estate business. Once you have done this strategy on 10 homes you should be able to keep finding better and better deals because you can close quickly as you have cash in hand to make things happen. More cash equals better deals and more opportunities.

By the time you repeat this strategy 20 times you should have at least $200,000 cash plus about $200,000 equity and 20 homes giving you at least $2009 per month positive cash flow whether you decide to work this month or not since you have a property management company handling things for you. With average annual rent increases, within five years that $2,000 a month should grow to $4,000 a month. In 30 years you should have $2 to 3 million plus in paid off real estate. It's a good solid long term strategy to add to your immediate selling from wholesaling, retailing and lease options that the extra $200,000 in cash will help grow tremendously.

The rent minus the management fees and all loan and other costs must leave you with positive cash flow or this strategy should be avoided. If you cannot cash out on the property I don't recommend holding it long term as you want to be able to use your best mortgages to cash out.

You can purchase using if your Equifax credit score is above 550(which is bad credit) or you have a co-borrower who has an Equifax score over 550. A good investor friendly mortgage company will give you good rates if you are at 660 middle score or above and the very best rates if your middle score is 720 or above. Your first 10 investor mortgages in your name and 10 in your spouses name are the easiest to qualify and get the best deals. After those you really need a good investor mortgage company to work with. Take the time to find the real investor friendly mortgage companies that can help you get loans for 100 properties and not just the first ten and let them have the easy ones and the tougher ones. I do recommend having more than one good lender available though, but stick to the ones that specialize in investor loans. Find out from other investors who the most investor friendly mortgage companies are to use to refinance the repaired home.

I do not advocate becoming a landlord as I do not believe this is a valuable usage of your time and energy. I highly recommend asking around and finding a good property management company that will charge you 10% or less to start out with and gradually lower that % as you add more and more properties.

I feel this is an advanced strategy as you won't see any cash in your pocket from this strategy for 4-6 months after you find the deal which is a long time to work and not see any pay. If you are wholesaling and making consistent money each month then it shouldn't matter. This strategy will magnify the profits you make in your investing business in ways you might not have imagined. This strategy is a natural progression from wholesaling as you are already helping others find these kinds of deals, now you will be able to get the cash out typical of probably 2 wholesale deals, just paid slower, and at the same time building a nice future nest egg.

About the author:
David Neese is a real estate investing author who offers a free course for real estate investors delivered by email, audio and teleseminar which you can get for free at: You can find more information about David at
Written by: David Neese

(143)Instant Loans Cash- Keeps Finance in Order Till the Next Financial Replenishment.

There is a tendency among people to keep their resources in a form that is not easily cash convertible. The arrangement holds good till the individual is faced with an exigency involving cash. This is the time when the individual is led into a tight spot; with little hope from ones own personal resources because they will take time to be converted into a liquid state. Instant loans in cash form will be the need of the time.
Instant loan for cash is also useful for individuals who have already finished their monthly paycheque and need an immediate cash replenishment to meet several expenses that demand an instant fulfillment.
So what is an instant loan for cash? Isn't this the question that is bothering your mind? If yes, then the following article will be very informative for you.
Instant cash loan is a loan, with the loan provider and the borrower forming the two parties to the loan contract. With this, the similarity of instant loans cash ends with the regular loans.
Most of the regular loans are taken in order to avail of larger resources. Secured loans, for instance put thousands of pounds in the hands of the borrower. Similar is the case with car loans, education loans and bridging loans. Instant loans cash on the other hand are taken for comparatively smaller amounts. Instant loans cash are more similar to payday loans where the amount drawn is to be used for regular small expenses.
It is also because of the minor amount involved that the fast loan in the UK is approved immediately and without much hassles. The instantaneous approval is what gives instant loan cash a distinct status. Borrowers are promised the fast loan in the UK within 24 hours. This means that they can expect a credit to their bank account by the next day of application. This is the method by which the proceeds of instant loan cash are received. It also forms a part of the eligibility criteria expressly stated by the loan providers. Other qualifying criteria for instant loan cash includes:
* The loan borrower must be employed. * Remuneration received from the employment must be deposited directly into a bank account of the borrower.
It will be important to discuss with the loan provider chosen up to what time will the fast loan be approved and sanctioned. Though applications for instant loans cash are available 24 hours through an online website, applications made up to a certain time period may only be considered during a day. If you know what is the time till which applications are considered for approval during a day, you can easily time your application.
Another distinct feature of instant loans cash is that the repayment term is small. Like in a short-term loan, one needs to repay the instant loans cash in a very small period. This may be a week, a month or a maximum of six months till which borrowers are given extension in repayment terms. This may however, differ with lenders. Some lenders are ready to increase the term of repayment when the borrower is facing certain exigencies. A shorter repayment term will be viewed as advantageous by some people who feel that paying off the fast loan UK early will be better than bearing the burden for several years.
The downside to instant loans cash is the high rate of interest that it carries. Whatever you thought to gain from a shorter term of repayment is eroded through the high rate of interest. Being a short-term loan, the higher rate of interest is no rarity. It is expected. The best method to keep the interest cost in check will be to repay it as soon as possible. If managed well, instant loans cash can help one tread through temporary periods of financial shortage as no other methods can.
Andrew baker has done his masters in finance from CPIT.He is engaged in providing free,professional,and independent advice to the residents of the UK.He works for the Secured loan web site loans fiesta for any type of loans in uk,secured loans,unsecured loans,debt consolidation loans please visit

About the Author
Andrew baker has done his masters in finance from CPIT.He is engaged in providing free,professional,and independent advice to the residents of the UK.He works for the Secured loan web site loans fiesta for any type of loans in uk,secured loans,unsecured loans,debt consolidation loans please visit

Written by: Andrew Baker

(144)Insurance, Fuel And Personal Finance In The UK Following Recent World Catastrophes


Following the increase in UK terrorist activities and the catastrophe that has hit New Orleans, it seems we are all going to have to foot the bill. The total cost of the catastrophe is currently predicted to top $25 billion (£13.6bn), however many analysts predict that the full costs could rise much higher even doubling to $50bn (£27.2bn), although with attempts to reduce the flood waters expected to take several months, it will be some time before a clear picture emerges.
Here in the UK, the effects of the disaster in the US are already starting to be felt through higher costs at the petrol pumps, as European reserves of oil which have been set aside for disaster protection are redirected to America to help their recovery efforts. Oil prices have already been rising in recent months hitting record levels as traders have pushed the price up on fears of supply problems from the Middle East as terrorism worries have grown. Last week the wholesale price of petrol charged by suppliers rose again due to hurricane Katrina and retailers say that more increases are on the way, making the £1 a litre that is being experienced in some areas inevitable across the country. Royal Dutch Shell and BP have already announced that they are set to raise prices still further in the wake of hurricane Katrina. While US motorists have to cope with fuel prices now at a record $3 a gallon, the research group Catalist has found that the average price of a litre of unleaded petrol in the UK was now 92.3p.
Ray Hollaway of the Petrol Retailers Association said, "In the coming week we are going to see increases of 3p or 4p a litre. That's unavoidable because of what happened in the US...We have to accept that the days of 80p a litre are behind us."
In addition to the actual cost of supplying fuel in the UK, the costs to consumers is further being exacerbated by the governments refusal to reduce taxation levels, and as the oil companies are to spend millions of pounds ahead of all previous expectations, upgrading UK pumps and station forecourts, to technically enable them to charge higher prices as prices spiral beyond the £1 a litre mark.
Analysts are worried that the increases in fuel prices will lead to inflation rises and decreased public spending, as suppliers transport costs increase, and experience has shown that petrol price hikes do not lead to a significant reduction in public fuel demands, but rather it leads to consumers cutting back their spending in other areas causing a slowdown in the economy.
The insurance costs of recent events have caused huge additional expenses to the insurance companies. The impact of Katrina on companies operating onshore and offshore in the Gulf of Mexico has meant that insurers such as Lloyds may be hit fairly hard, with the bill for the Lloyd's market being tentatively placed at around £1bn to £2bn. Lloyds stated that the, "terror attacks in London have had a big human cost, but our analysis suggests that the economic costs may be quite low." Despite Lloyds' claims that the effect of the London bombings has cost them relatively little financially, in light of expected future attacks and calls for terrorist activity exclusions to be scrapped, it seems likely that premium increases will be gradually introduced.
Since Katrina, and the Asian tsunami which struck at Christmas, many insurers are becoming worried about the rising costs of the increasing number of serious weather related incidences. As a consequence of the insurance payouts for the devastation and carnage wrought in Asia and by hurricane Katrina, many analysts believe it is inevitable that businesses will also face huge rises in premiums down the line. The Association of British Insurers (ABI) issued a recent report stating that, "in the UK, climate change could increase the annual costs of flooding by almost 15-fold by the 2080s under the high emissions scenario, leading to potential total losses from river, coastal and urban flooding of more than $40bn (£22bn)."
The ABI (> ) also released research findings indicating that less than 50% of small UK firms have a plan in place to ensure that their business could survive should they be hit by an emergency or disaster, and only 50% of UK households possess any life insurance with 25% of mortgage holders actually have insufficient life insurance to cover their debt therefore placing their home at risk.
With UK personal debt over £1 trillion, decreasing levels of investment through products such as individual savings accounts (ISAs), it is perhaps understandable that many see insurance protection policies as being one of the first expenses that can be put off until money is more plentiful, however it is at these times when finances are tight that these financial products are most important.
The growth of financial services such as UK based Moneynet (> ),, and combined with the proliferation of financial information provided by the likes of Which?, the Financial Times and the BBC, has helped to increase competition between insurance providers and assisted in keeping prices down. However the current outlook seems to be that prices are going to rise, but by how much is unknown until the full effect of recent events is calculated. The only thing that is certain is that it no longer matters where the disaster happens, in the end the UK consumer will eventually have to pay.
About the Author
Richard lives in Edinburgh, occasionally writing for the personal finance blog Cashzilla (> ), and likes the surrealist means of expression. Fish.

Written by: R.Green

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