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"

Portland is the largest city in the U.S. state of Oregon, near the couence of the Willamette and Columbia rivers. According to the 2010 Census, it had a population of 583,776, estimated to have reached 609,456 in 2013, making it the 29th most populous city in the United States and the third most populous city in the Pacific Northwest region (after Seattle, Washington; and Vancouver, British Columbia, Canada). Approximately 2,314,554 people live in the Portland metropolitan area (MSA), the 19th most populous MSA in the United States.

Portland was incorporated in 1851 and is the county seat of Multnomah County. The city has a commission-based government headed by a mayor and four other commissioners as well as Metro, a distinctive regional government. The city is noted for its superior land-use planning and investment in light rail. Because of its public transportation networks and efficient land-use planning, Portland has been recognized as one of the most environmentally conscious cities in the world.

Located in the Marine west coast climate region, Portland has a climate marked by both warm, dry summers and wet, cool-to-chilly winter days. This climate is ideal for growing roses. For more than a century, Portland has been known as the "City of Roses", with many rose gardens – most prominently the International Rose Test Garden. The city is also known for its abundant outdoor activities, liberal political values, and beer and coffee enthusiasm. Portland is home to a large number of independent microbreweries, microdistilleries and food carts that contribute to the unofficial slogan "Keep Portland Weird".

The land that is occupied today by Multnomah County was inhabited for centuries by two bands of Upper Chinook Indians. The Multnomah people settled on and around Sauvie Island, and the Cascades Indians settled along the Columbia Gorge. These gro fished and traded along the river and gathered berries, wapato, and other root vegetables. The nearby Tualatin Plains provided prime hunting grounds. The later settlement of Portland started as a spot known as either "Stumptown" or "the clearing", which was on the banks of the Willamette, located about halfway between Oregon City and Fort Vancouver. In 1843, William Overton saw great commercial potential for this land but lacked the funds required to file a land claim. He struck a bargain with his partner, Asa Lovejoy of Boston, Massachusetts: for 25¢, Overton would share his claim to the 640-acre (2.6 km2) site. Overton later sold his half of the claim to Francis W. Pettygrove of Portland, Maine. Pettygrove and Lovejoy each wished to name the new city after his respective home town. In 1845, this controversy was settled with a coin toss, which Pettygrove won in a series of two out of three tosses. The coin used for this decision, now known as the Portland Penny, is on display in the headquarters of the Oregon Historical Society.

At the time of its incorporation on February 8, 1851, Portland had over 800 inhabitants, a steam sawmill, a log cabin hotel, and a newspaper, the Weekly Oregonian. By 1879, the population had grown to 17,500. The city merged with Albina and East Portland in 1891, and annexed the cities of Linnton and St. Johns in 1915.

Portland's location, with access both to the Pacific Ocean via the Willamette and the Columbia rivers and to the agricultural Tualatin Valley via the "Great Plank Road" through a canyon in the West Hills (the route of current-day U.S. Route 26), gave it an advantage over nearby ports, and it grew very quickly. It remained the major port in the Pacific Northwest for much of the 19th century, until the 1890s, when Seattle's deepwater harbor was connected to the rest of the mainland by rail, afing an inland route without the treacherous navigation of the Columbia River.

The most common nickname for Portland is The City of Roses, the city's official nickname since 2003. Other nicknames include the City of Bridges, Stumptown,.

Portland's location is beneficial for several industries. Relatively low energy cost, accessible resources, north–south and east–west Interstates, international air terminals, large marine shipping facilities, and both west coast intercontinental railroads are all economic advantages. The US consulting firm Mercer, in a 2009 assessment "conducted to help governments and major companies place employees on international assignments", ranked Portland 42nd worldwide in quality of living; the survey factored in political stability, personal freedom, sanitation, crime, housing, the natural environment, recreation, banking facilities, availability of consumer goods, education, and public services including transportation.

Since the 1990s, companies that have moved their world, North American, or U.S. headquarters to Portland include

Other Portland-based companies include film animation studio ; advertising firm ; financial services companies ; insurers ; law firms; data tracking firm; utility providers ; retailers; restaurant chains ; brewers H; apparel companies Books; toolmaker; and architectural firms

Computer components manufacturer is the Portland area's largest employer, providing jobs for more than 15,000 people, with several campuses to the west of central Portland in the city of Hillsboro. The metro area is home to more than 1,200 technology companies. This high density of technology companies has led to the nickname Silicon Forest being used to describe the Portland area, a reference to the abundance of trees in the region and to the Silicon Valley region in Northern California. The Silicon Forest is home to facilities for hardware makers such as Viz and others. The area also hosts facilities for software companies such as McAfee, Mentor Graphics, Jive Software, Extensis and Autodesk. Online startup companies, some supported by local seed funding organizations and business incubators, Airship and many others.

The Portland metro area has become a hub for athletic and footwear manufacturers. The area is home to the global, North American or US headquarters of. Additional manufacturers that have opened offices in Portland include .[91]

Portland-based Castparts is one of two Fortune 500 companies headquartered in Oregon, the other being . Other manufacturing companies based in Portland include Companies. Trucks builds their trucks in the city. Tools , considered – respectively – the industry leaders in multitools and motorcycle riding wear, are also based in Portland.

The steel industry's history in Portland predates World War II. By the 1950s, the steel industry became the city's number one industry for employment. The steel industry thrives in the region, with Steel Industries, a prominent steel company, shipping a record 1.15 billion tons of scrap metal to Asia during 2003. Other heavy industry companies includCO Corporation and Oregon Mills.[92][93][94]

Portland is the largest shipper of wheat in the United States,[95][96] and is the second largest port for wheat in the world.[97] The marine terminals alone handle over 13 million tons of cargo per year, and the port is home to one of the largest commercial dry docks in the country.

The Portland house price index has remained stronger than the national average.

 

Eugene is a city of the Pacific Northwest located in the State of Oregon. It is the second-largest city in the state and the county seat of Lane County. It is located at the south end of the Willamette Valley, near the couence of the McKenzie and Willamette rivers, about 50 miles (80 km) east of the Oregon Coast.

As of the 2010 census, Eugene has a population of 156,185, and Lane County (co-located with the Eugene-Springfield Metropolitan Statistical Area) (MSA) has a population of 351,715.[8] While Eugene has long been the second-largest city in Oregon, it was briefly surpassed by Salem between 2005 and 2007. The Eugene-Springfield, Oregon MSA is the 146th largest metropolitan statistical area of the U.S., and the third-largest in the state, behind the Portland Metropolitan Area and the Salem Metropolitan Area. The city's population was estimated by the Portland Research Center to be 159,580 in 2013.

Eugene is home to the University of Oregon. The city is also noted for its natural beauty, recreational opportunities (especially bicycling, running/jogging, rafting, kayaking), and focus on the arts. Eugene's slogan is "A Great City for the Arts and Outdoors". It is also referred to as the "Emerald City", and as "Track Town, USA". The corporation had its beginnings in Eugene.

Eugene is named after its founder, Eugene Franklin Skinner. Until 1889, it was named Eugene City. In 1846, Skinner erected the first cabin in the area. It was used as a trading post and was registered as an official post office on January 8, 1850. At this time the settlement was known as Skinner's Mudhole. It was relocated in 1853 and named Eugene City, but was not formally incorporated as a city until 1862. Skinner later ran a ferry service across the Willamette River where the Ferry Street Bridge now stands.

The first major educational institution in the area was Columbia College, founded a few years earlier than the University of Oregon. It fell victim to two major fires in four years, and after the second fire, the college decided not to rebuild again. The part of south Eugene known as College Hill was the former location of Columbia College. There is no college there today.

The town raised the initial funding to start a public university, which later became the University of Oregon, with the hope of turning the small town into a center of learning. In 1872, the Legislative Assembly passed a bill creating the University of Oregon as a state institution. Eugene bested the nearby town of Albany in the competition for the state university. In 1873, community member J.H.D. Henderson donated the hilltop land for the campus, overlooking the city.

The university first opened in 1876 with the regents electing the first faculty and naming John Wesley Johnson as president. The first students registered on October 16, 1876. The first building was completed in 1877; it was named Deady Hall in honor of the first Board of Regents President and community leader Judge Matthew P. Deady. The city's name was shortened from Eugene City to Eugene in 1889.

Eugene grew rapidly throughout most of the twentieth century, with the exception being the early 1980s when a downturn in the timber industry caused high unemployment. By 1985, the industry had recovered and Eugene began to attract more high-tech industries.

Eugene's largest employers are Health Medical Group, the University of Oregon and the Eugene School District.[64] Eugene's largest industries are wood products manufacturing and recreational vehicle manufacturing.[65]

Club Cigar Store is one of the oldest bars in Oregon. Tad Luckey, Sr., purchased it in 1911, making it one of the oldest businesses in Eugene. The “Club Cigar,” as it was called in the late 19th century, was for many years a men-only salon. It survived both the Great Depression and Prohibition, partly because Eugene was a dry town before the end of Prohibition.[66]

Corporate headquarters for the employee-owned Bi-Mart corporation and family-owned Market of Choice remain located in Eugene. Emporium Department Stores, which was founded in North Bend, Oregon, had its headquarters in Eugene, but closed all stores in 2002.

Organically Grown Company, the largest distributor of organic fruits and vegetables in the northwest, started in Eugene in 1978 as a non-profit co-op for organic farmers. Notable local food processors, many of whom manufacture certified organic products, i Herbs.

Until July 2008, Hynix Semiconductor America had operated a large semiconductor plant in west Eugene. In late September 2009, Chem of South Korea announced its intention to purchase the Hynix site for solar cell manufacturing.[67] However this deal fell through and as of late 2012 is no longer planned.[68]

The footwear repair product is manufactured by Products, based in Eugene.

Burley Design LLC produces bicycle trailers, and was founded in Eugene by Alan Scholz out of a Saturday Market business in 1978. Eugene is also the birthplace and home of Bike Friday bicycle manufacturer,

Many multinational businesses were launched in Eugene. Some of the most famous include ,[69] Taco Time,[70] and Brøderbund Software.[71]

Top employers

According to Eugene's 2013 Comprehensive Annual Financial Report,[72] the city's top employers are:' is the capital of the U.S. state of Oregon, and the county seat of Marion County. It is located in the center of the Willamette Valley alongside the Willamette River, which runs north through the city. The river forms the boundary between Marion and Polk counties, and the city neighborhood of West Salem is in Polk County. Salem was founded in 1842, became the capital of the Oregon Territory in 1851, and was incorporated in 1857.

Salem had a population of 154,637 at the 2010 census, making it the third largest city in the state after Portland and Eugene. Salem is less than an hour driving distance away from Portland. Salem is the principal city of the Salem Metropolitan Statistical Area, a metropolitan area that covers Marion and Polk counties and had a combined population of 390,738 at the 2010 census. A 2013 estimate placed the metropolitan population at 400,408, the state's second largest.[8]

The city is home to Willamette University, Corban University, and Chemeketa Community College. The State of Oregon is the largest public employer in the city, and Salem Health is the largest private employer. Transportation includes public transit from Salem-Keizer Transit, Amtrak service, and non-commercial air travel at McNary Field. Major roads include Interstate 5, Oregon Route 99E, and Oregon Route 22 which connects West Salem across the Willamette River via the Marion Street and Center Street bridges.

The Native Americans who originally inhabited Salem, the Kalapuyans called the area Chemeketa, which means "meeting or resting place" in the Central Kalapuya language (Santiam). The original Kalapuya pronunciation of the word is Chim-i-ki-ti. When the Methodist Mission moved to the Chemeketa plain, the new establishment was called Chemeketa, but was more widely known as the Mill because of its situation on Mill Creek. When the Oregon Institute was established, the community was known as the Institute.

When the Institute was dissolved, the trustees decided to lay out a townsite on the Institute lands. Some possible sources for the name "Salem" include William H. Willson, who in 1850 and 1851 filed the plats for the main part of the city, and suggested adopting an Anglicized version of the Biblical word "Shalom", meaning peace. The Reverend David Leslie, President of the town's Trustees, also wanted a Biblical name, and suggested using the last five letters of "Jerusalem". Or, the town may be named after Salem, Massachusetts, where Leslie was educated. There were many names suggested and even after the change to Salem, some people, such as Asahel Bush (editor of the Oregon Statesman), believed the name should be changed back to Chemeketa. The Vern Miller Civic Center which houses the city offices and library has a public space dedicated as the Peace Plaza in recognition of the names by which the city has been known.

Native Americans

It is estimated that the Willamette Valley area has been inhabited for over 10,000 years. The Kalapuya peoples would gather on the plateau east and south of the current downtown area in the winter and establish camps. They fished and harvested in the streams and fields of the area. One staple of life was the camas root and periodically the Kalapuya would set fires that would clear and fertilize the meadows where it grew. In the early 1850s the Kalapuya, along with the other native peoples west of the Cascade Mountains, were removed by the US government through a combination of treaties and force. Most Kalapuya people were moved to the Grande Ronde Reservation somewhat to the west of Salem, with smaller numbers ending up at Siletz Reservation and other Oregon and Washington reservations.

Europeans

The first people of European descent arrived in the area as early as 181"

"

A local storeowner offered to use his store as a post office and offered to name the city after Postmaster General Walter Q. Gresham if a post office was granted. Until that time, the city had simply been known as Campground because this forested site was where pioneers often stopped to spend the night and compose themselves before moving on to Portland and the Willamette Valley. Although a post office was established in May 1884, Gresham was not incorporated as a city until 1905. Lewis Shattuck, son of a pioneer family, was the first mayor. Gresham General Hospital opened in 1959 in downtown Gresham, which moved to Stark Street in 1984 and became Mount Hood Medical Center.

 

Hillsboro is the fifth-largest city in the State of Oregon and is the county seat of Washington County. Lying in the Tualatin Valley on the west side of the Portland metropolitan area, the city hosts many high-technology companies, such as Intel, that comprise what has become known as the Silicon Forest. At the 2010 Census, the city's population was 91,611.

For thousands of years before the arrival of European-American settlers, the Atfalati tribe of the Kalapuya lived in the Tualatin Valley near the later site of Hillsboro. The climate, moderated by the Pacific Ocean, helped make the region suitable for fishing, hunting, food gathering, and agriculture. Settlers founded a community here in 1842, later named after David Hill, an Oregon politician. Transportation by riverboat on the Tualatin River was part of Hillsboro's settler economy. A railroad reached the area in the early 1870s and an interurban electric railway about four decades later. These railways, as well as highways, aided the slow growth of the city to about 2,000 people by 1910 and about 5,000 by 1950, before the arrival of high-tech companies in the 1980s.

Hillsboro has a council–manager government consisting of a city manager and a city council headed by a mayor. In addition to high-tech industry, sectors important to Hillsboro's economy are health care, retail sales, and agriculture, including grapes and wineries. The city operates more than twenty parks and the mixed-use Hillsboro Stadium, and nine sites in the city are listed on the National Register of Historic Places (NRHP). Modes of transportation include private vehicles, public buses and light rail, and aircraft using the Hillsboro Airport. The city is home to Pacific University's Health Professions Campus. Notable residents include two Oregon governors.

The first people of the Tualatin Valley were the Atfalati or Tualaty tribe of the Kalapuya, who inhabited the region for up to 10,000 years before white settlers arrived. The valley consisted of open grassland maintained through annual burning by the Atfalati, with scattered groves of trees along the streams. The Kalapuya moved from place to place in good weather to fish and hunt and to gather nuts, seeds, roots, and berries. Important foods included camas and wapato, and the Atfalati traded for salmon from Chinookan tribes near Willamette Falls on the Willamette River. During the winter, they lived in longhouses in settled villages, some near what became Hillsboro and Beaverton. Their population was greatly reduced after contact in the late 18th century with Europeans, who carried smallpox, syphilis, and malaria. Of the original population of 1,000 to 2,000 Atfalati reported in 1780, only 65 remained in 1851. In 1855, the U.S. government sent the survivors to the Grande Ronde reservation further west.

The European-American community was founded by David Hill, Isaiah Kelsey, and Richard Williams, who arrived in the Tualatin Valley in 1841, followed by six more pioneers in 1842. The locality went by two other names—East Tualatin Plains and Columbia—before it was named "Hillsborough" in February 1850 in honor of Hill, when he sold part of his land claim to the county. On February 5, 1850, commissioners chosen by the territorial legislature selected the community to be the seat of the county government. Hill was to be paid $200 for his land after plots had been sold for the town site, but he died before this occurred, and his widow Lucinda received the funds. The town's name was later simplified to Hillsboro. A log cabin was built in 1853 to serve as the community's first school, which opened in October 1854. Riverboats provided transportation to Hillsboro as early as 1867 when the side-wheel steamer Yamhill worked on the Tualatin River.

 

In 1871, the Oregon and California Railroad line was extended to the area, but it ran just south of town because the city did not want to give the railroad land in exchange for the rail connection. Hillsboro was incorporated as the Town of Hillsboro on October 19, 1876, by the Oregon Legislature. The first mayor was A. Luelling, who took office on December 8, 1876, and served a one-year term. Notable later mayors included Congressman Thomas H. Tongue (1882 and 1886) and state senator William D. Hare (1885). On September 30, 1908, 5,000 people gathered as the Oregon Electric Railway opened a connection between the city and Portland with an interurban electric rail line, the first to reach the community. In 1923, the city altered its charter and adopted a council-manager government with a six-person city council, a part-time mayor who determined major policies, and a city manager who ran day-to-day operations.

A brick building was constructed in 1852 to house the county government, followed by a brick courthouse in 1873. In 1891, the courthouse was remodeled and a clock tower was added, and the building was expanded with an annex in 1912. A new courthouse replaced the brick structure in 1928. The last major remodel of the 1928 structure occurred in 1972, when the Justice Services Building was built and incorporated into the existing building.

The city's first fire department was a hook and ladder company organized in 1880 by the board of trustees (now city council). A drinking water and electricity distribution system added in 1892–93 gave the town three fire hydrants and minimal street lighting. Hillsboro built its first sewer system in 1911, but sewage treatment was not added until 1936. In 1913, the city built its own water system, and the first library, Carnegie City Library, opened in December 1914. From 1921 to 1952, the world's second-tallest radio tower stood on the south side of the city, but in 1952, the wireless telegraph tower was demolished.

In 1972, the Hillsboro City Council passed a Green River Ordinance banning door-to-door solicitation, but it was ruled unconstitutional by the Oregon Supreme Court in a 1988 decision.[27] The court determined that the city ordinance was overly broad, in a case that was seen as a test case for many similar laws in the state.[27] In 1979, Intel opened its first facility in Hillsboro.[28] The Hawthorn Farm campus was followed by the Jones Farm campus adjacent to the airport in 1982, and finally by the Ronler Acres campus in 1994.[28] TriMet opened a Metropolitan Area Express (MAX) light rail line into the city in 1998. A cultural center was added in 2004, and a new city hall was completed in 2005. In 2008, SolarWorld opened a facility producing solar wafers, crystals, and cells, the largest plant of its kind in the Western Hemisphere.[29]

Registered Historic Places

Properties listed on the National Register of Historic Places (NRHP) in and around Hillsboro include the Old Scotch Church, completed in 1876 north of the city.[30] Near the Orenco neighborhood is Imbrie Farm, which includes a house built in 1866 and the Frank Imbrie Barn, both of which McMenamins converted for use as a brewpub.[30][31] Built in 1935, the Harold Wass Ray House is near Intel's Hawthorn Farm campus.[30] Historic properties in downtown include the Zula Linklater House (completed 1923), Rice–Gates House (1890), Edward Schulmerich House (c. 1915), and Charles Shorey House (c. 1908).[30] The Richard and Helen Rice House is adjacent to the Sunset Highway on the north side of the city and houses the Rice Northwest Museum of Rocks and Minerals.[30] The Old Washington County Jail previously was at the Washington County Fairgrounds in the city,[30] but was restored and moved to the Washington County Museum outside the city in 2004, and was de-listed from the NRHP in 2008.[32][33] In 2007, the Manning–Kamna Farm was added to the NRHP and includes 10 buildings, dating to as early as 1883.[34] U.S. President Barack Obama visited the city and Intel's Ronler Acres campus in February 2011.[35]

 

Manufacturing is the leading employment sector in Hillsboro, employing 24% of the workforce, followed by health care, education, and social services with a total of 15%.[65] One example of a manufacturer headquartered in Hillsboro is Beaverton Foods, a family-owned condiment manufacturer since 1929, with 70+ employees and $25 million in annual sales; it moved to its current headquarters in 2001.[73] Retail employment constitutes 12%, construction makes up 7%, and 13% of workers are employed in the administrative, scientific, professional, or waste management industries.[65] Sixty-eight percent of workers commute alone to the workplace, and eight percent use public transportation.[65] The average one-way commute time is about 24 minutes.[65]

Many technology companies operate in Hillsboro, making it the center of Oregon's Silicon Forest.[74][75] In particular, Intel's[76] largest site is in Hillsboro, and includes three large campuses: Ronler Acres, Jones Farm, and Hawthorn Farm, along with several smaller campuses that employ about 16,000 workers.[77] Other high-tech companies operating facilities in Hillsboro include Yahoo!,[78] Credence Systems, Synopsys, Epson,[79] Salesforce,[80] and Sun Microsystems High-End Operations. Hillsboro is the corporate headquarters for TriQuint Semiconductor,[77] Lattice Semiconductor, RadiSys, and Planar Systems among others.[81]

In 2006, announced plans to locate a packaging and distribution facility on 100 acres (0.40 km2) in Hillsboro.[82] The $400 million facility opened in 2010, which Oregon officials hoped would eventually also be used for research and development for the biotechnology company.[83] Other biotech or medical companies based in Hillsboro .[84]

The city is also a landing point on three fiber optic cable systems linking the United States across the Pacific Ocean: . These cable landings, lower energy costs, and tax breaks led to a boom of data centers being built starting about 2010.[85] Data centers include those for Data Centers.[85]

 

Hillsboro serves as the corporate headquarters Corporation formerly had factories in Hillsboro.[86]

The Hatfield Government Center in Hillsboro is the western terminus of the MAX Blue Line, part of the Portland metropolitan area's light-rail system.[87] The presence of MAX prompted the development of the pedestrian-oriented community of Orenco Station within Hillsboro.[88][89] (See also: Orenco, Oregon.) Orenco Station was called the Best Planned Community of 1999 by the National Association of Home Builders.[90] It was also named "Best new burb" by Sunset magazine in 2006.[91] Hillsboro overall was listed on CNN Money Magazine's list of best places to live in 2010 for cities with populations between 50,000 and 300,000 residents.[92] The city came in at 92, the highest ranking for any city in the state.[92]

 

Hillsboro's primary commercial cores are concentrated along Tualatin Valley Highway and Cornell Road. Additionally, the Tanasbourne neighborhood is a regional shopping area on the eastern edge of the city.[93] The neighborhood is home to the lifestyle shopping center The Streets of Tanasbourne.[94] The $55 million outdoor complex with 368,000 square feet (34,200 m2) of retail space opened in 2004 with Meier & Frank (later Macy's) as the anchor tenant.[93][94]

The other large shopping center in the city is The Sunset Esplanade, located along Tualatin Valley Highway.[95] In November 2005, the world's largest Costco, a warehouse club store, opened in Hillsboro.[96] The store, with 205,000 square feet (19,000 m2) of floor space, is about 60,000 square feet (5,600 m2) bigger than the average Costco.[97]

Wineries near the city include Winery, established in 1970, the oldest and largest winery in Washington County.[98][99] Helvetia Winery & Vineyards to the north of Hillsboro started in the 1980s.[55] Wineries to the south include Gypsy Dancer Estates Winery and Raptor Ridge.[100] Local wines include pinot noir, pinot gris, and chardonnay.[101]

 

Beaverton is a city in Washington County, Oregon, United States. The city center is seven miles (11 km) west of downtown Portland in the Tualatin River Valley. As of the 2010 census, the population is 89,803.[4] This makes it the second-largest city in the county and Oregon's sixth-largest city. Fire protection and EMS services are provided through Tualatin Valley Fire and Rescue.

In 2010, Beaverton was named by Money magazine as one of the 100 "best places to live", among smaller cities, in the country. Along with Hillsboro, Beaverton is one of the economic centers for Washington County, home to numerous corporations in a variety of industries.

Etymology

According to Oregon Geographic Names, Beaverton got its name because of the settlement's proximity to a large body of water resulting from beaver dams.

Native Americans

The area of Tualatin Valley which became Beaverton was originally the home of a Native American tribe known as the Atfalati, which settlers mispronounced as Tualatin. The Atfalati population dwindled in the latter part of the 18th century, and the prosperous tribe was no longer dominant in the area by the 19th century when settlers arrived.

19th century

Early settlers

The natives had a village called Chakeipi, meaning Place of the Beaver, and early settlers referred to it as "Beaverdam". Early settlers include the Hall Family from Kentucky, the Denneys who lived on their claim near present-day Scholls Ferry Road and Hall Blvd, and Orin S. Allen, from western New York. Lawrence Hall purchased 640 acres (2.6 km2) in Beaverdam in 1847 and built a grist mill with his brother near present-day Walker Road. His was the first land claim in the area. He was soon followed by Thomas Denney in 1848, who came to the area and built its first sawmill. In 1860, a toll plank road from Portland to Beaverton was completed over a trail called Canyon Road.

Beginning of the town

After the American Civil War, numerous other settlers, including Joshua Welch, George Betts, Charles Angel, W. P. Watson, and John Henry, laid out what is now known as Beaverton hoping they could bring a railroad to an area once described as "mostly swamps & marshes connected by beaver dams to create what looked like a huge lake." In 1872, Beaverton's first post office opened in a general store operated by Betts, who also served as the first postmaster of the community. Betts Street, where the current post office now stands, is named in honor of him. In 1893, Beaverton, which by that time had a population of 400, was officially incorporated. Alonzo Cady, a local businessman, served as the first mayor. Many major roads in Beaverton are named for these early settlers.

20th century

Automobile dealerships

Beaverton was an early home to automobile dealerships. A Motor Company dealership was established there in 1915; it was purchased by Guy Carr in 1923 and over the years Carr expanded it into several locations throughout Beaverton. There are still several dealerships near the intersection of Walker and Canyon Roads.

Movies and airplanes

In the early 1920s, Beaverton was home to Premium Picture Productions, a movie studio which produced about fifteen films. The studio site was later converted into Watt's Field and associated aircraft manufacturing facilities. A second Beaverton airport, Bernard's Airport, was later developed further north at the present location of the Cedar Hills Crossing mall.

Library

The town's first library opened in 1925. Originally on the second floor of the Cady building, it has moved repeatedly; in 2000 it was moved to its current location on Hall Boulevard and 5th Street.

Mass transit

In the 1940s, Tualatin Valley Stages, a division of Portland Stages, Inc., provided limited bus transit service connecting the city with downtown Portland, operating later as a separate company, Tualatin Valley Buses, Inc., through the 1960s. This was one of four privately owned bus companies serving the Portland metropolitan area which became collectively known as the "Blue Bus" lines. All four companies were replaced in 1970 by TriMet, a then-new regional transit authority, which expanded bus service to cover more areas of Beaverton.

In the late 1970s, a light rail system was proposed to connect Beaverton to downtown Portland, as part of Metro's plans for the region's transportation. In 1990, voters approved funding for Westside MAX. Construction of the line began in 1993 and was completed in 1998. Six stations are located within the city of Beaverton: Elmonica/SW 170th Avenue, Merlo Road/SW 158th, Beaverton Creek, Millikan Way, Beaverton Central, and the Beaverton Transit Center. All but the last of these (the transit center) are located along right-of-way formerly owned by Burlington Northern Railroad and originally by the Oregon Electric Railway, which provided interurban service through Beaverton until 1933. The present-day light rail service (MAX) is operated by TriMet, which also continues to operate several bus routes serving Beaverton and the surrounding communities. Since early 2009, Beaverton has also been served by commuter rail service, TriMet's Westside Express Service (WES), running south to Wilsonville via Tigard and Tualatin.

21st century

Expansion

In December 2004, the city and Washington County announced an "interim plan" which will lead to Beaverton becoming the second-largest city in Oregon, second only to Portland. The "interim" plan actually covers a period of more than ten years; from the county's perspective, the plan supports its strategy of having cities and special districts provide urban services.

Resisting the annexation

Nike led a legal and lobbying effort to resist the annexation. The lobbying effort succeeded qu"

"

y 1900s. Bend was incorporated as a city in 1905. Economically, it started as a logging town but is now identified as a gateway for many outdoor sports, including mountain biking, fishing, hiking, camping, rock climbing, white-water rafting, skiing, paragliding and golf.

The name Bend was derived from "Farewell Bend", the designation used by early pioneers to refer to the location along the Deschutes River where the town was eventually platted, one of the few able points along the river.

For at least 12,000 years, until the winter of 1824, the Bend area was known only to Native Americans who hunted and fished there. That year, members of a fur trapping party led by Peter Skene Ogden visited the area. John C. Frémont, John Strong Newberry, and other Army survey parties came next. Then pioneers heading farther west passed through the area and ed the Deschutes River at Farewell Bend.

Constructed in May 1901, the Pilot Butte Development Company's little plant was the first commercial sawmill in Bend. The original location was at the rear of the Pilot Butte Inn of later years. Steidl and Reed also set up a small mill in Bend in 1903. This was on the Deschutes River just below the Pioneer Park area. The mill was operated by water power. A small community developed around the area, and in 1904, a city was incorporated by a general vote of the community's 300 residents. On January 4, 1905, the city held its first official meeting as an incorporated municipality, appointing A. H. Goodwillie as the first mayor. The settlement was originally called "Farewell Bend", which was later shortened to "Bend" by the U.S. Postal Service.

In 1910, Mirror Pond was created by the construction of the Bend Water, Light & Power Company dam on the Deschutes River in Bend. The dam provided the city with its initial source of electricity. The dam has been owned by Pacific Power since 1926 and still produces electricity that supplies approximately 200 Bend households. In 1918, Deschutes County, Oregon was forMedford from the western half of Crook County and Bend was designated as the county seat. In 1929, Bend amended the charter and adopted the council-manager form of government.

Tourism is one of Bend's largest sectors. The Mount Bachelor ski resort brings in tourists from all over Oregon, Washington, and California. The nearby Cascade Lakes are also a large draw for tourists. Recreational activities include downhill and cross country skiing, hiking, biking, rafting, golfing, camping, fishing, picnicking, rock climbing, and general sightseeing.

Bend is also home to the Brewery, the 6th largest craft brewery in the nation and the largest of over a dozen microbreweries in the city.[] Each year the city hosts many events celebrating its brewing culture including: The Bend Oktoberfest, The Little Woody Barrel Aged Brew and Whiskey Fest, Bend Brewfest, and Central Oregon Beer Week. Beer aficionados can also visit many of the breweries along The Bend Ale Trail. Since 2004, Bend has also hosted the one of the top indie film festivals in the nation The BendFilm Festival.

In 2005, Bend's economic profile comprised five industry categories: tourism (7,772 jobs); healthcare and social services (6,062 jobs); professional, scientific and technical services (1,893 jobs); wood products manufacturing (1,798 jobs); and recreation and transportation equipment (1,065 jobs).

Much of Bend's rapid growth in recent years is also due to its attraction as a retirement destination. The rapid population growth has fostered organizations such as Central Oregon Landwatch and Oregon SolutionsCommunications

Construction and real estate

 

According to the U.S. Department of Commerce's Bureau of Economic Analysis, in 2005 construction and real estate accounted for 17.3 percent of all jobs in the Bend metropolitan statistical area (MSA), which constitutes all of Deschutes County. This figure is about 70 percent more than the proportion of construction and real estate jobs in the Oregon and national economies. However, construction activity in Bend appears to be slowing - the number of building permit applications received by the Bend City Building Division fell from 826 in August 2006 to 533 in August 2007, a 35 percent decrease.

A large iux of new residents drawn by Bend's lifestyle amenities, along with the low interest rates and easy lending that fostered a national housing boom in 2001−05, resulted in increased activity in Bend's construction and real estate sectors and have caused the rate of home price appreciation in Bend to grow substantially during that period. Medfordian home prices in the Bend MSA increased by over 80% in the 2001−05 period.

In June 2006, Money magazine naMedford the Bend MSA the fifth most overpriced real estate market in the United States. By September 2006, the Bend metro area ranked second in the list of most overpriced housing markets, and in June 2007 it was naMedford the most overpriced housing market in America.

The 2008−09 housing downturn had a strong effect on Bend's housing and economic situation. According to the Seattle Times, single-family home prices dropped more than 40 percent from a peak of $396,000 in May 2007 to $221,000 in March 2009. Additional signs of the housing downturn include an April 2009 Deschutes county unemployment rate of 12.6 percent and in a tri-county area of Deschutes, Crook and Jefferson counties a 66 percent rise in homelessness from 2006 to 2,237.

In May 2010 the Federal Housing and Finance Agency released a report in which Bend had the largest price drop in the country, 23 percent, from first quarter of 2009 to the first quarter of 2010.

 

Medford is a city in Jackson County, Oregon, United States. As of July 1, 2013, the city had a total population of 77,677 and a metropolitan area population of 208,545, making the Medford MSA the 4th largest metro area in Oregon. The city was naMedford in 1883 by David Loring, civil engineer and right-of-way agent for the Oregon and California Railroad for his home town of Medford, Massachusetts, and in recognition of its supposed position on the middle of Bear Creek.

Medford is the county seat of Jackson County.

In 1883, a group of railroad surveyors headed by S. L. Dolson and David Loring arrived in Rock Point, near present day Gold Hill. They were charged with finding the best route through the Rogue Valley for the Oregon and California Railroad. Citizens of neighboring Jacksonville hoped that it would pass between their town and Hanley Butte, near the present day Claire Hanley Arboretum. Such a move would have all but guaranteed prosperous growth for Jacksonville, but Dolson decided instead to stake the railroad closer to Bear Creek.[7]

The response from Jacksonville was mixed,[8] but the decision was final. By November 1883, a depot site had been chosen and a surveying team led by Charles J. Howard was hard at work platting the new town. They completed their work in early December 1883, laying out 82 blocks for development.[9]

James Sullivan Howard, a New Hampshire Freemason, claiMedford to have built the town's first building in January 1884, though blacksmith Emil Piel was advertising for business at the "central depot" in the middle of December.[12] Others point out the farms of town founders Iradell Judson Phipps and Charles Wesley Broback, which were present before the town was platted. Regardless, on February 6, 1884 (less than a month after it was built), J. S. Howard's store became Medford's first post office, with Howard serving as postmaster. The establishment of the post office led to the incorporation of Medford as a town by the Oregon Legislative Assembly on February 24, 1885,[13] and again as a city in 1905. Howard held the position of postmaster for Medford's first ten years, and again held the post upon his death on November 13, 1919.[14]

 

The beginning of the 20th century was a transitional period. Medford built a new steel bridge over Bear Creek to replace an earlier one which washed away three years before. Without a bridge, those wanting to cross had to the stream, typically using a horse-drawn wagon; the first automobile did not arrive in Medford until 1903.[15] Pharmacist George H. Haskins had opened a drugstore just after the town was platted, and in 1903 he allowed the Medford Library Association to open a small library in that store. Five years later the library moved to Medford's new city hall, in another four years, Andrew Carnegie's donation allowed a dedicated library to be built. Construction on the Medford Carnegie Library was completed in 1912.[16][17]

In 1927, Medford took the title of county seat of Jackson County away from nearby Jacksonville.[18]

In 1967,[19] Interstate 5 was completed imMedfordiately adjacent to downtown Medford to replace the Oregon Pacific Highway. It has been blaMedford for the decline of small businesses in downtown Medford since its completion,[19] but nevertheless remains an important route for commuters wishing to travel across the city. In fact, a study completed in 1999 found that 45% of vehicles entering I-5 from north Medford heading south exited in south Medford, just three miles (5 km) away.[20]

The high volume of traffic on Interstate 5 led to the completion of a new north Medford interchange in 2006. The project, which cost about $36 million, improved traffic flow between I-5 and Crater Lake Highway.[21] Further traffic problems identified in south Medford prompted the construction of another new interchange, costing $72 million. The project began in 2006 and was completed in 2010.[22][23][24]

Since the 1990s, Medford has dedicated an appreciable amount of resources to urban renewal in an attempt to revitalize the downtown area. Several old buildings have been restored, including the Craterian Ginger Rogers Theater and the Prohibition era Cooley-Neff Warehouse, now operating as Pallet Wine Company, an urban winery. Streets have been realigned, new sidewalks, traffic signals, and bicycle lanes were installed, and two new parking garages have been built. Downtown Medford also received a new library building to replace the historic Medford Carnegie Library and now boasts satellite campuses for both Rogue Community College and Southern Oregon University.[26]

Economic problems in 2008 and 2009 put a hold on The Commons project, a collaboration between the city of Medford and Motors.[27] The project, one of the largest undertaken in downtown in recent years, aims to provide more parking, recreation, and commerce to the area. Before the work stopped, the Bus depot was moved and $850,000 was spent replacing water lines. The Commons is anchored by the new corporate headquarters of Motors, Inc. (NYSE: LAD). Included in The Commons are two public park blocks slated to be informal public gathering areas as well as an area for special events such as the farmer's market. Ground breaking for the project was April 22, 2011, with a Phase 1 completion date of 2012.[27]

 

Medford's economy is driven primarily by the health care industry.[78] The two major Medfordical centers in the city, Asante Rogue Regional Medfordical Center[79] and Providence Medford Medfordical Center, employ over 2,000 people. As Medford is also a retirement destination, assisted living and senior services have become an important part of the economy.

In the past, Medford's economy was fueled by agriculture (pears, peaches, viticulture grapes) and timber products. The largest direct marketer of fruits and food gifts in the United States, Operations Corp., is based in Medford. It is the largest employer in Southern Oregon, with 1,700 year round and about 6,700 seasonal employees in the Medford area.[80] Motors, the 9th largest auto retailer in the U.S.,[81] has been headquartered in Medford since 1970 and was started in Ashland in 1946, naMedford for a nearby springs.[82][83]

 

Springfield is a city in Lane County, Oregon, United States. Located in the Southern Willamette Valley, it is within the Eugene-Springfield Metropolitan Statistical Area. Separated from Eugene to the west, mainly by Interstate 5, Springfield is the second-most populous city in the metropolitan area after Eugene. As of the 2010 census, the city has a total population of 59,403.[7]

The Briggs family first settled the Springfield area, arriving in 1848. The community was incorporated as a city in 1885. The city was naMedford after a natural spring located in a field or prairie within the current city boundaries. Traditionally the economy of the community was resource dependent, but since the 1990s the economy has diversified with PeaceHealth now the largest employer in the city. Public education in the city is provided by the Springfield School District.

Springfield was settled when Elias and Mary Briggs and their family arrived in 1848. They were among the first party to travel to the region via the "Southern Route" by Klamath Lake, over the Cascades, into the Rogue Valley, then north to the Willamette Valley.[8] Elias Briggs along with William Stevens ran a ferry on the nearby Willamette River.

According to donation land claim records, Stevens was the first settler to stake a claim in the Springfield locale, arriving in October 1847. He commenced building a house with his three oldest sons, and when the house was completed in December, the rest of his family joined him on Christmas Day that year.

Another early arrival in the Springfield vicinity was Captain Felix Scott, Sr. who settled between the McKenzie and Willamette rivers in 1847.

In 1854 Springfield School District No. 19 was forMedford. A small schoolhouse was built near the corner of south 7th and B streets; it served the community until the 1880s. Miss Agnes Stewart, a young woman from Pennsylvania, was the first teacher. She had arrived in Springfield via the Lost Wagon Train of 1853.

In 1871 the main line of the Oregon and California Railroad bypassed Springfield for Eugene. The story goes that a group of prominent Eugene businessmen paid railroad financier, Ben Holladay, $40,000 to bypass Springfield by crossing the Willamette River near Harrisburg instead of Springfield. Thus began a rivalry that lasts up to the present day.[]

Springfield was incorporated as a city in 1885. Albert Walker, a blacksmith in town, was Springfield's first mayor.

In May 1992 the municipality became the first in the United States to include anti-gay legislation its city charter after a campaign by the Oregon Citizens Alliance.[9] A state law later however prevented anti-gay ordinances from being enforced.

 

For years, the economy of Springfield hinged on the lumber industry, with the largest employer being Company. opened its Springfield complex in 1949, and after years of aggressive logging was forced to downsize as old growth lumber became less available. In the 1990s, the sawmill and veneer (plywood) plants closed, and the paper plant was downsized. Springfield has now developed a more diversified economy.

Ken Kesey's brother Chuck, and Chuck's wife Sue started the Creamery in 1960, and the business survives today based partly on sales of their flagship product, Yogurt, developed from recipes ofHamren. In the 1970s, the Creamery staved off bankruptcy with the help of the rock band the Dead, who over time held a series of 10 benefit concerts on behalf of the creamery.[]

The city of Springfield is surrounded by filbert (hazelnut) orchards. The production has declined over time as fields have been developed into housing. Until recently the city has sponsored an annual Filbert Festival in early August as a general summer celebration, featuring music, food, and family fun; this was canceled in 2007 due to withdrawal of a key sponsor, and the future for the festival is presently uncertain. Filbert harvesting occurs in October. 98% of production is harvested in the Willamette Valley.

is a city in central western Oregon, United States. It is the county seat of Benton County and the principal city of the Corvallis, Oregon Metropolitan Statistical Area, which encompasses all of Benton County. As of the 2010 United States Census, the population was 54,462.[7] Its population was estimated by the Portland Research Center to be 55,298 in 2013. Corvallis is the location of Oregon State University and of a large research campus.

At a longitude of 123 degrees west and 17 minutes, the city is the westernmost city in the lower 48 states with a population larger than 50,000.

In 1845, Joseph C. Avery settled a land claim at the mouth of Marys River where it flows into the Willamette River.[8] In 1849, Avery opened a store at the site, platted the land, and surveyed a town site on his land claim, naming the community Marysville.[8] It is possible that the city was naMedford after early settler Mary Lloyd, but now the name is thought to be derived from French fur trappers' naming of Marys Peak after the Virgin Mary.[9]

In 1853, the legislative assembly changed the city's name to Corvallis, from the Latin phrase cor vallis, meaning "heart of the valley." Corvallis was incorporated as a city on January 29, 1857. The town served briefly as the capital of the Oregon Territory in 1855 before Salem was eventually selected as the permanent seat of state government.[8]

 

The campus of Oregon State University, which is the major local employer, is located near the edge of the main downtown area. "

 

Your Company may well have heard of trucking receivables factoring but most people might just mistake what it is or more notably what it can possibly do for your firm. Freight Brokerage Factoring likewise known as accounts receivable funding is a form of asset based lending that can improve a business' short-term cash needs. It is not a loan; no debt is assumed by freight invoice factoring ,and the funds are unconditional. Bill Factoring Freight Companies in Sale Of Receivable Oregon Factoring Companies at Staffingresource.org- offering receivables lines of credit services oregon-factoring-companies

Staffingresource.org-Oregon Factoring Companies

Portland

Oregon

Bill Factoring Freight Companies

In the Usa, where trucking agencies do well, factoring establishments are not considered getting a loan in any capacity. This private agreement then allows both parties to make money and enjoy a good future-- it provides the factoring firm a secured asset of cash flow to put into the list and it offers the trucking firm the needed cash that they sweated to get.

 

 

Factoring Companies at Rjbstudio.Com

Factoring Invoice Services Companies

As we all determine, trucking is an astonishingly enormous industry with lots of companies out there utilizing hundreds of vehicle drivers. The sad thing is, numerous of these drivers wind up in finances difficulties simply because they are still anticipating work from six weeks earlier to actually pay them. When this is the situation for a trucking business, resorting to factoring providers for help maybe the most effective option left.

 

 



Jasonsloan.Org

 

"Oregon's major sources of farm income are greenhouse products, wheat, cattle (huge herds graze on the plateaus E of the Cascades), and dairy items. Hay, wheat, pears, and onions are important, and the state is one of the nation's leading producers of snap beans, peppermint, sweet cherries (orchards are particularly numerous in the N Willamette Valley), broccoli, and strawberries. Oregon has developed an important and growing wine industry since 1980. Oregon has retained its title as the nation's foremost lumber state, producing more than 5 billion board feet a year. Other major products are food, paper and paper items, machinery, and fabricated metals. Printing and publishing are important businesses. In recent decades Oregon (now sometimes called ""Silicon Forest"") has become home to many computer and electronic companies; growth in this sector has offset job losses in the timber industry. Oregon's river resources are one of its greatest assets. Its salmon-fishing industry, centered around Astoria, is one of the world's largest; other catches are tuna and crabs. Although mining is still underdeveloped, Oregon leads the nation in the production of nickel. Oregon's beautiful ocean beaches, lakes, and mountains make tourism another important industry. Major attractions are the Oregon Caves National Monument, Lewis and Clark National and State Historical Parks, and McLoughlin House National Historic Site."

 

Receivable Factoring Companies

In the Usa, where trucking agencies do well, factoring establishments are not considered getting a loan in any capacity. This private agreement then allows both parties to make money and enjoy a good future-- it provides the factoring firm a secured asset of cash flow to put into the list and it offers the trucking firm the needed cash that they sweated to get.

 

 



Jasonsloan.Org

 

 

 

Factoring Companies Brokers

 

Factoring Companies Brokers

 

At one time or another, every company, even successful ones, have experienced poor cash flow.

Money flow does not have to be an issue any ever more. Do not be deceived -- banks are not the only locations you can get financing. Other solutions are available and you do not have to borrow money. Exactly what is truck factoring ? One option is called trucking factoring. Trucking Factoring is the process of selling invoices to an investor instead of waiting to gather the money from the client. Oh, the Irony- Trucking factoring has an ironic distinction: It is the financial backbone of numerous of America's most effective companies. Why is this ironic ? Since receivable loan funding is not taught in business colleges, is rarely mentioned in business strategies and is relatively unidentified to the majority of most of American business individuals.

Yet it is a financial process that releases up billions of dollars every year, enabling thousands of businesses to grow and succeed. Trucking Factoring has actually been around for thousands of years. Receivable Loan Funding Companies are financiers who pay cash for the right to receive the future payments on your invoices. An overdue receivable or invoice has value. It is a financial obligation your customer has actually to pay in the near future. Factoring Principals--Although factoring deals exclusively with business-to-business transactions, a large percentage of the retail business uses a factoring principal. MasterCard, Visa, and American Express all use a type of factoring in their retail transactions. Utilizing the purest definition of the word, these big customer finance business are truly just large Trucking Factoring Companies of customer paper. Think about it: You make a purchase at Sears and charge it to your MasterCard. The store gets paid almost instantly, although you do not pay up until you are prepared.

For this service, the charge card business charges Sears a charge (typical common normal charges vary from 2 to 4 percent of the sale). The Advantages Truck Factoring can offer numerous benefits to cash-hungry business. Instead of waiting 30, 60, 90 days or longer for payment on an item that has actually already been provided, a company can factor (sell) its receivables for cash at a small price cut off the amount of the invoice. Payroll, marketing efforts, and working capital are simply a few of the business needs that can be satisfied with instant  cash.

Factoring provides the ways for a producer to renew inventory and make more products to offer: There is no longer a requirement to await for earlier sales to be paid. Receivable Loan Financing is not just a cash management tool for manufacturers: Practically any type company can benefit from Receivable Funding. Generally, a business that extends credit will have 10 to 20 percent of its yearly sales bound in accounts receivable at any given time. Think for a minute about exactly how much is bound in 60 days' worth of invoices: You can not pay the power expense or this week s payroll with a client s invoice, however you can sell that invoice for the money to satisfy those responsibilities. Using trucking factoring companies is a fast and easy procedure. The factor buys the invoice at a price cut, typically a few percentage points less than the stated value of the invoice.

Factoring Companies Reviews at YKLFactoring.com

 

Oregon Factoring Companies

Please call our
trucking factoring experts at
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The United states Trucking Organization
mentions that there around
205,000 truck drivers with transportation
companies and
276,000 personal companies trucking
firms certified to
operate in the U.S. that transferred,
according to their most current data of millions
items, supplies and
fundamental products .
There are several usual
carriers either going solo or in
teams on our country
highways carrying these
important products to our
stores, manufacturing facilities and ports.

Furthermore  freight invoice factoring
corporations service
countless of them and offer their
receivable loan services
nationally including
including the following states.


: Alabama, 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

Oregon Factoring Companies

 

View Our Truck Factoring Companies YouTube Videos For More Information

 

Factoring loans company Calculator
This calculator will show you how much you will make by using our factoring loans company . But, as your about to discover, you will certainly notice the increased cash flow that will occur when you use our factoring loans company
Enter the principal balance of your factoring loans company
(call your factoring loans company lender and ask for the current payoff amount):
Enter the amount of your monthly factoring loans company payment:
(invoice amount):
Enter the your factoring loans company's current interest rate:

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

 

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.

 

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

 

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.

 

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

 

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

 

 

 

View Our Factoring Video For More Information

 

 

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Trucking Factoring Companies-Veloxenergy

 

 

 

How I Made a Fortune With Factoring

 

"

�So It is not a loan?� asked Armando Harrison, reclining back into his chair and crossing his legs. The woman who sat across the desk smiled and shook her head.�Not quite,� she stated.Armando was the owner of a small trucking company which had fallen on some hard times recently. Certainly the trucking business can be an extremely profitable venture, and for many years it had been that way for Sean. His company was called Stone Trucking, named after both of his grandfathers, Miguel and Jay. They had both been hardworking men, and had done a lot to make Armando the same.Disaster had struck half a year ago, when two trucks in Sean�s fifteen truck fleet went down. One was a roll-over and ended up in the trucking graveyard: the other was involved in a serious and costly accident. Armando depended on his full fleet, and missing two trucks was devastating . In addition, he just did not have the available cash to buy a new truck, plus repair the other one.A big problem a lot of trucking companies came across was how bills were paid in the industry. 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.Armando 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.That�s where the woman across the desk came in. Armando knew she was employed by a Factoring company and that her name was Diane. Armando 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.Diane explained. �It�s not a loan, we purchase 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. This is a win-win situation: we are protected from a total loss, and you're protected from the ridiculous fees and charges you'd have to pay if you borrowed from a bank.Armando nodded. It sounded good to him, almost too good.The woman laughed. �You look like you don�t believe me,� she chuckled.�No, I do, I just think it sounds a bit too good to be true. I thought I was going to lose my company.�Diane nodded. �Yes, we get a lot of that. There's no way we want to see you lose your business. We know how hard you work, and that you've invested everything in your business. 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 Diane with a smile. �Let�s see what we can do to help you.�And with that they set about making a profile.

 

Armando completed the form, with Diane offering advice as needed.

 

The completed profile gave Diane and her company all the information they needed on Sean'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. Listening as Armando filled out his form, Diane was pretty sure he was a perfect candidate for factoring.Diane took the completed form and placed it in her briefcase. Standing up, she reached over the desk and shook Sean's hand. He stood before they shook as well, and then smiled. Armando walked Diane to the door where they said 'Goodbye', then he went back into his office.His employees were there, seven who worked in the office, and as he sat behind his desk once more he heard the familiar clack of fingers on keyboards, the electronic whine of the copy machine.He leaned back and closed his eyes. He felt so drained: he had been flailing helplessly for so long, he just knew his business was going to collapse and probably take him with it. But now, after speaking to Diane 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.The long nights, where he couldn�t sleep. The terrifying panic attacks that occurred regardless of where he was. Already he could feel all the stress start to drain 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. He had opened a restaurant at age twenty two when he was fresh out of school. It had been successful. Offering home cooking in his own hometown, his business had really prospered.But he had gotten bored. 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 half a year off, and in that time he thought to start Stone Trucking. So he did it. For the second time in his short life he created a company from the ground up. He had been successful.Then disaster! The two trucks went down and suddenly his success wasn't looking so guaranteed. He was nearing fifty. He was concerned that he just did not have the energy left to try and save the business. But 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 it seemed as though he would not have to - all because of Factoring. Armando opened his eyes, sat forward, turned his computer on. 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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Trucking Factoring Companies-Veloxenergy

 

 

 

Trucking Invoice Factoring Companies

 

"

Weaver Truck & Haul have been operating their business since the mid 1980s. They've delivered goods for nearly every major industry in the nation and for 20 plus years, business was booming as they've traversed the country in all weather for all clients. During the heady times from 2002 to 2007, Weaver was a top rated accounts receivable mastermind of the trucking industry. Few customers were ever late on bills and those clients who were, were sure to turn in their late payments within a reasonable amount of time. The money was flowing, and times were great.It was just one year later, in 2008, when the economy in the United States took a sharp decline, and both large and small businesses started to notice the squeeze on their pocketbooks: everyone had suddenly gone silent. Business slowed to a crawl

 

. Worse still, it was noticed by Weaver in early 2008 that even though most of their loyal customers were on time with their payments, there were a few late bloomers who were starting to spread the disease. Spring changed to summer, summer changed to fall, and the CEO of Weaver, Shane Howard, was beginning to feel very uncomfortable indeed whenever he looked at their weekly Accounts Receivable reports. There was a growing list of clients who now owed them back debt.He had gone to his administrators and asked them what the problem had been. Were they doing things different, or wrong, when it came to collecting overdue accounts? When checking his bookkeeper's records this was definitely not the case. Perhaps he was losing his customers to his competitor, who seemed to offer very low prices with no guarantee of quality or performance, and these clients who were in debt to his company had possibly disappeared leaving him stranded. They could not afford to pay him their debt, but they could afford a lesser service, maybe. So he did the necessary research and, after discussions with friends in the same field, he realised that no, his customers hadn't gone anywhere else. They had just gone home.The situation looked dire to Shane Howard. There were goods to ship, employees to pay, trucks to repair and maintain, and continuous overheads that were very extensive when compared to the funds (or lack of) that were incoming. At night he would speak to his wife Yolanda and shake his head in frustration.

 

""I have a bad feeling, Lin,"" he would say with deep woe.""What could you do differently?"" she would say.Shane would stare off into the distance, and then slowly close his 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 somewhere, a haze would form over his fleet and the vast number of vehicles would disappear to but a few. Why couldn�t he work out how to resolve this financial problem with his business?""I know what it is,"" Shane said. ""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."" Linda could only grab her husband's hand and look at him lovingly, ""it is a hard economy. It might be awhile until things get settled up.

 

""Shane 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 next day Shane strolled into his office and was determined to sit down and make every phone call to every client who had owed Weaver money. This wasn't really a very efficient way for a Chief Executive to spend his day, and Shane knew he should be overseeing all the other sides of the business, such as shipments and deliveries, approaching prospective customers, or working with his sales team. But, he felt like he was doing something proactive to help his business, even though he had staff on salary to do just that thing. A waste of time - a waste of money - he had the best intentions, but all the while Shane was realising just how much trouble he was in.Poor Shane 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.

 

""Can I have a word with you Shane?"" she queried, standing in the doorway.

 

""Sure thing Marcia, come on in."" Shane leaned back in his chair and looked expectantly at Marciaerely.""Well, I did a little searching this afternoon and tried to figure out a way out of this mess Shane."" 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 of factoring?"" Marciaerley asked.""It sounds vaguely familiar. What is it?"" he said.""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?"" Shane interrupted.""Immediately, yes"" she added, ""In a nutshell, it is pretty easy. We can have an expert account manager review our numbers and help us complete a company profile. That profile will also include investigating our accounts receivable aging reports, our existing customer credit limits and so on. In addition, factoring will assist in determining our customers' creditworthiness, independent from their credit relationship with our company. It provides a very broad view.""Shane replied cautiously ""I see - and what happens then?""Well, after their review, and we�re approved for a factoring contract, we can negotiate terms and conditions. You'll be surprised at the amount of flexibility, all dependent upon the credit histories and business volume.

 

The company will advise us the cost to purchase factoring for our company's accounts receivable. We come to an agreement and the funding starts pouring out.�Shane leaned forward and reviewed the paperwork closely.""It sounds too good to be true, Marcia,"" he said.""Now, now, I know, I thought the same thing. But think about it, Shane: 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 Shane,"" she underlined a paragraph on the paper before him.""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. ""That sounds pretty good, seeing as we tapped ourselves out with bank loans last year to repair the fleet and money sure is tight. We need to keep business rolling as normal and every day we�re going unpaid, we�re closer to facing some serious problems in both the short and long term,"" Shane said.Shane took in a long slow breath, then looked at his secretary with something like hope in his eyes.""Precisely�. This could be the answer to our prayers: it will solve many problems we are facing due to these unpaid debts.""Shane took a moment to think about this solution, and agreed with his secretary. The clients who owed them money were long standing friends and professional resources of Weaver. 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. That unknown amount of time could create a disaster situation for both of them if he wasn't careful in how these debtors were handled. Of course he did not want to lose any more money, but he did not want to lose business either.""Let me go over this tonight Marcia, and thankyou."" Marcia stood up and left Shane's office, with the nice feeling of knowing that she may just have solved a very serious problem.Shane sat behind his desk and looked over the details Marcia had not mentioned in their meeting. He wondered if there might be other problems freight factoring could help Weaver Truck & Haul with? With his pencil gliding down the sheet he noticed that the factoring company could help fray the cost of fuel with fuel discount cards and fuel advances. In fact, Weaver could receive up to fifty-percent cash advances upon load pick-ups. Shane 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 Karl about this,"" muttered Shane to himself.His son-in-law Karl had liked the idea of Weaver so much and revered his father in law for having such business acumen that only two years before, he had gathered the venture capital to begin his own transportation service company. Shane knew then what struggles Karl would face but he encouraged him nonetheless. With the economy the way it was, if an established company such as Weaver was struggling then the little guys, like Karl, were going to be in even more trouble. But, an antidote may have been found in freight factoring and Shane 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, Shane found himself beginning to dig his way out of the hole his delinquent account holders had created for him.They adopted reasonable factoring purchase contracts and stopped wasting their own precious time trying to collect debts. They used that time to refocus their efforts in being competitive in new territories. Shane looked back on the dismal months of life before freight factoring and almost shuddered at the thought. If Shane hadn't discovered freight factoring at just the right time, his business may not be operating today.

 

"

 

 

 

 

 

 

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Trucking Factoring Companies-Veloxenergy

 

 

 

Factoring Trucking Receivables

 

The key reasons why Trucking Firms Make use of Factoring Firms.

 

As the owner of your own business, you may be much more than perceptive already of the difficulty in making sure that cash flow matters do not become a predicament down the line. Anyway, the toughest thing that can in all probability occur for your establishment is to find yourself dragged in a long and troublesome condition that leaves you forever searching for the funds you really need on an continuing manner.

 

For any sort of establishment in this predicament, the problem can come for waiting for work to lapse and actually be repaid into your account. Statements, checks, and the like could take some time to actually to be taken care of which can easily leave you with momentary cash flow problems. Fortunately, there are opportunities out there for establishments to investigate-- and among these is factoring firms.

 

Factoring agencies will, in substitution for your invoices, give you with the money today so that you do not have to fret about the waiting period which could make paying out the expenses and getting materialsmore complicated. With this sort of system, invoice factoring can end up being tremendously practical for countless businesses who ought to get out of a cash lure which they have discovered themselves in.

 

Because, depending on the size of the task, it can take up to 60 days for a number of enterprises to get paid then it is critical to take care of your own back and not leave yourself cash short to pay off the monthly bills. After all, how many companies have two months profits just occupying there to pay for all their spendings until they get paid?

 

This is especially true of trucking enterprises. They usually handle numbers of accounts which means a considerable volume of collection time entails company owner themselves. Making an effort to get paid out in time can develop into an incredible trouble and this is the key reasons why you work with trucking factoring companies who are pleased to help out truckers specifically.

 

As we all determine, trucking is an extremely large business with countless agencies out there utilizing hundreds of operators. Regrettably, numerous of these drivers land up in cash troubles since they are still anticipating work from six weeks ago to actually compensate them. When this is the case for a trucking organization, turning to factoring agencies for help may be the best option left.

 

This indicates that a trucking company can pay the wages of the workers, keep all the vehicles loaded with fuel and continue to scale, evolve and expand without consistently waiting for the funds which is taking too prolonged to come in. Trucking Companies running without a factoring program established are leaving themselves at critical risk, as competitors cash out rapidly and continue to grow.

 

There's honestly not a thing to be worried about when it comes to making use of a Factoring contractor-- they usually are not like a financial institution or somebody who is going to leave you with a large pile of financial debt to repay. You give them legitimate invoices from work you have already accomplished , you are only just facilitating the payment system.

 

In the United states of America, where truck agencies thrive, factoring firms are not considered getting a loan in any capacity. This confidential deal then lets both groups to profit and take pleasure in a comfortable future-- it gives the factoring firm a guaranteed resource of cash flow to put into the list and it furnishes the trucking business the required funds that they worked hard to gain.

 

The trucking enterprise gives their accounts to the factoring agency. The trucking factoring business then acquire the installment payments from the trucking company's clients. Factoring has beenaround for hundreds of years and has been used for long times by several diverse fields-- but none exceeding so than truckers. While you might lose out on a small part of the money, something like 1-3 % depending on who you partner with, it implies that you are getting the cash today and can actually start setting the funds to do work.

 

Anyway, an IOU or an invoice is definitely not going to cover expenses, is it? For trucking companies when the money can be good one day and gone the next, it is up to the vehicle drivers to work smartly and to ensure they are leaving themselves with a significant volume of time and money to get through the week till they are compensated again.

 

So the next period your trucking establishment is enduring some momentary cash flow challenges and you are shelling out way too much time chasing sluggish paying clienteles, why not begin looking at employing a factoring companies as a manner to get your cash and give yourself a more at ease future in the eyes of your trucking crew and your bank dividend?

 

 

 

 

 

 

 

More Factoring Trucking Receivables -Articles

 

 

 

Oregon Factoring Companies

 

 

 

Trucking Factoring Companies-Veloxenergy

 

 

 

Trucking Factoring Companies Reviews

 

"

The Future of a Trucking Company, and Factoring Roberto Fox let the phone ring on his desk. His morning coffee cooled and his cigarette smoked away in the tray: Roberto is thinking, and pondering the biggest decision he's ever had to make for his trucking business. Fox Trucking Company was at a turning point of growth and Roberto had to decide if signing with a factoring company was the right way forward.

 

Roberto�s father had started as an owner-operator and had grown Fox Trucking Company into a fifteen trailer fleet over forty years. There had been some hard times when it seemed everything was going to go under and even Roberto�s mother strapped herself into a cab to make hauls. His father had worked long enough to see the price of hires drop dramatically during the recession and to see the explosion of fuel prices afterwards. But now things were different: the company was in Roberto's hands and he needed to ensure that this business would be left in great shape for his sons.

 

To move Fox 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. Some of the refrigerated trailers were in need of repairs and he felt to stay competitive it was also a good idea to invest in specialized haulers to be ready for the constant requests he was getting for loads of new energy and agriculture equipment. Every time he had to turn down a request, Fox Trucking looked weak in a very strong market.

 

He knew what his father would have said - 'wait, take your time before adding new technology'. Roberto allowed himself a good hard chuckle. His father had been against placing GPS units in the cabs. His Dad would say ""Why on earth do you need some stranger telling you to get off the exit that everyone knows has been there for years?� He smiled to himself as he remembered his father poking fun at the other drivers who switched to automatic, even though automatic was quite obviously more efficient (though less manly). His father days were long gone and technology was actually an important improvement for the business such as having Qualcomm to cut down on fruitless time communicating on the phone for bills of lading.

 

Roberto knew he was right in his forward thinking. What would be the next step for Fox Trucking? More importantly, how could he afford it? Business funding was tied up in fuel bills and the mortgage for the garage and office. He just finished paying off the small bank loan for installing satellite radio in the trucks for the guys.

 

He wondered about factoring - was this the answer for him? There was a lot he didn�t understand about the process. It sounded like a ninth grade math problem and he wondered how this would fit into the trucking business. Factoring companies buy your invoices and manage your accounts receivable for a certain percentage of the invoiced amount. The factoring company gives the trucking business its payment right away which allows the business to have continuous cash flow so it can pay employees, buy fuel, and make repairs for upcoming hauls. Without this assistance, you're placed in the position of waiting for payment from your customers, and this can often be thirty days, or more. In those 30 days, a trucking company can�t pay its bills and employees in invoices.

 

Now it was time for Roberto to do his homework. Roberto had heard that there were companies that charged for same day money transfers and would only advance a percentage of the money owed to your company while holding the rest in a private account if they didn�t get their bill payment within 60 or so days. Worse still, if the customer defaulted on payment, the factoring company takes it out of the money supposedly coming to you! He'd even heard about some companies putting you onto a sliding percentage scale regardless of any previously signed contracts for possibly 3% or 7%, and there you are now with 10% coming as a charge to you out of the freight bill. His friend Ronnie who had a trucking business in Missouri, was run nearly into the ground by a factoring company that charged him the full freight bill on top of the factoring fees. Well, what was the point of going to a factoring company if there was shady business like that going on?

 

However, it all turned out to be very simple. All the factoring companies he researched were open about their business practices and very friendly on the phone when he called. Their customer service actually knew things about their company and spoke in nice clear English so he could understand what was being explained. He was quite happy to sign an exclusive contract. He liked the idea of a long term commitment so he knew he wouldn�t have to bother going back and forth to different companies and wasting time filing more forms. He was not charged for a credit check, and in addition he was offered a fuel advance on the pick-up of a load. Many companies offered a non-recourse factoring program that suited him just fine. He was more than happy with the figures he was offered in percentage terms on the freight bills. It sounded like a great scheme to him.

 

It was really refreshing dealing with the factoring people. They were more personable than those loan managers at the bank. He was relieved to note that the factoring companies understood the trucking business and discussed business with him like a respected client, not like someone looking for a handout. The factoring companies didn�t worry over his credit and the debt troubles his father had had in the past of the company. All the factoring company was interest in was the credit of his customers and on their reliability: this worked great for Roberto because he and his father had created a very strong and loyal list of clientele over the years. So he knew they would understand when the factoring company contacted them for the invoices. His clients would not have any problems, nor would they think poorly of Fox Trucking, because the factoring companies handle themselves in such a polite and professional manner, similar to the way his father had managed the business in the past.

 

Roberto stepped out of his office to let his secretary know to expect the arrival of the factoring contract shortly. 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 Fox 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.

 

"

 

 

 

 

 

 

More Trucking Factoring Companies Reviews -Articles

 

 

 

 

 

 

 

 

Oregon Factoring Companies

 

 

 

 

 

 

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Trucking Factoring

 

Date Published- 2014- 09-22 Best Trucking Factoring Company

 

"

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. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it is usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose 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 give loans, and the money you get from the Trucking Factoring company does not put you in debt. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. The Trucking Factoring company purchases your accounts receivable, or part of them, for a certain percentage of their value - this is normally about 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.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

While not every business can take advantage of Trucking Factoring account financing (you have to have a business that has account receivables) for those that can use this type of financing there are several distinct benefits.

 

1. You will not Incur 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. The debt goes onto your credit report with a bank loan, with only one missed payment adversely affecting your business credit: it would also affect your ability to secure insurance, and may reflect on your personal credit rating as well.

 

2. There's no collateral required. Another great benefit of using the services of a Trucking Factoring company instead of a bank loan is that there is no collateral required for the Trucking Factoring company, because the Trucking Factoring company is buying your accounts receivables. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable are being offered for financing. This makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

3. You'll receive the money faster. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. Borrowing from a bank begins with vast amounts of paperwork, the loan must be underwritten, and this can take ages before you're notified if the loan has been approved.

 

4.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, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The most important benefits is that once you sell your accounts receivable to the factory company, you do not have to take time away from running your business to collect the money owed from reluctant to pay customers. 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.

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.A Trucking Factoring company is not the only method of gaining access to finance for the running and growing of your business, however it does offer a financing option well worth considering.

 

"
Trucking Factoring Companies-Veloxenergy

 

 

 

 

 

More Trucking Factoring Companies Reviews -Articles

 

 

 

"

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. As an example, a newly formed business may not have the required assets to qualify for a bank loan, and even if they did, it is usual practise for a bank to use the business itself as collateral. This means that if you default on your loan payment you could lose 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 give loans, and the money you get from the Trucking Factoring company does not put you in debt. Rather the financing you receive from a Trucking Factoring company is based on money your business has already earned, but have not yet received. The Trucking Factoring company purchases your accounts receivable, or part of them, for a certain percentage of their value - this is normally about 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.

 

Benefits of a Trucking Factoring Company Vs. A Bank Loan

 

While not every business can take advantage of Trucking Factoring account financing (you have to have a business that has account receivables) for those that can use this type of financing there are several distinct benefits.

 

1. You will not Incur 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. The debt goes onto your credit report with a bank loan, with only one missed payment adversely affecting your business credit: it would also affect your ability to secure insurance, and may reflect on your personal credit rating as well.

 

2. There's no collateral required. Another great benefit of using the services of a Trucking Factoring company instead of a bank loan is that there is no collateral required for the Trucking Factoring company, because the Trucking Factoring company is buying your accounts receivables. Plus, the state of your credit rating is not an issue; however the Trucking Factoring company will run a credit check on your clients whose accounts receivable are being offered for financing. This makes it easier for fledgling businesses to get the financing they need through a Trucking Factoring company (as long as their accounts receivables are in good order) then from a bank, who may not feel that you have been in business long enough to be worth the risk of issuing you a loan.

 

3. You'll receive the money faster. Using a Trucking Factoring company means that you'll get the finance quicker. The money will normally be in your account within 24 hours, once the Trucking Factoring company is confident that your customers� accounts are likely to be paid. Borrowing from a bank begins with vast amounts of paperwork, the loan must be underwritten, and this can take ages before you're notified if the loan has been approved.

 

4.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, there are several benefits that makes considering financing through a Trucking Factoring company over a traditional bank worthwhile. However, there are also a couple of other benefits that a factory company can offer your business is far beyond the scope of the bank. The most important benefits is that once you sell your accounts receivable to the factory company, you do not have to take time away from running your business to collect the money owed from reluctant to pay customers. 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.

 

In addition, since the Trucking Factoring company evaluates the credit quality of your customers prior to purchasing the accounts receivable you gain valuable information into which customers are likely to pay and which ones are not so likely to pay.A Trucking Factoring company is not the only method of gaining access to finance for the running and growing of your business, however it does offer a financing option well worth considering.

 

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