Information for the city of Seattle
Seattle's economy is driven by a mix of older industrial companies, and ""new economy"" Internet and technology companies, service, design and clean technology companies. The city's gross metropolitan product was $231 billion in 2010, making it the 12th largest metropolitan economy in the United States. The Port of Seattle, which also operates Seattle Tacoma International Airport, is a major gateway for trade with Asia and cruises to Alaska, and is the 8th largest port in the United States in terms of container capacity. Though it was affected by the Great Recession, Seattle has retained a comparatively strong economy, and remains a hotbed for start up businesses, especially in green building and clean technologies: it was ranked as America's No. 1 ""smarter city"" based on its government policies and green economy.
February 2010, the city government committed Seattle to becoming North America's first ""climate neutral"" city, with a goal of reaching zero net per capita greenhouse gas emissions by 2030. headquarters building in South Lake UnionStill, very large companies dominate the business landscape. Four companies on the 2013 Fortune 500 list of the United States' largest companies, based on total revenue, are headquartered in Seattle: , is based in Federal Way. Finally, Bellevue is home to truck manufacturer Paccar (#168). Other major companies in the area include There are also many successful independent artisanal espresso roasters and caf�s.Prior to moving its headquarters to Chicago, aerospace manufacturer was the largest company based in Seattle. Its largest division is still headquartered in nearby Renton, and the company has large aircraft manufacturing plants in Everett and Renton, so it remains the largest private employer in the Seattle metropolitan area.
Former Seattle Mayor announced a desire to spark a new economic boom driven by the biotechnology industry in 2006. Major redevelopment of the South Lake Union neighborhood is underway, in an effort to attract new and established biotech companies to the city, joining biotech companies is behind most of the development projects in the region. While some see the new development as an economic boon, others have criticized Nickels and the Seattle City Council for pandering to interests at taxpayers' expense. Also in 2006, Magazine ranked Seattle among the top 10 metropolitan areas in the nation for climates favorable to business expansion. In 2005, ranked Seattle as the most expensive American city for buying a house based on the local income levels. In 2013, however, the magazine ranked Seattle No. 9 on its list of the Best Places for Business and Careers.operating a hub at Seattle Tacoma International Airport, maintains its headquarters in the city of SeaTac, next to the airport
Information for the state of Washington
"Puget Sound is the heart of Washington's industrial and commercial development. It is navigable and has many beautiful bays, on which are situated such commercial and industrial cities as Seattle, Tacoma, and Everett. Seattle, an exporter and importer in trade with Asia and a gateway to Alaska (because of the protected Inland Passage), is a major U.S. city and a center for the manufacture of jet aircraft (as well as missiles and spacecraft) by the Boeing Corp. In recent years, computer software (Microsoft Corp. is near Seattle), electronics, and biotechnology have become increasingly important to the economy. Washington's huge food processing industry is based on the state's diversified irrigated farming and dairying as well as on its abundant fishing resources. Salmon is the biggest catch, but halibut, bottomfish, oysters, and crabs are also significant. Much of the land in E Washington is used for dry farming. Irrigation, however, has converted many of the river valleys east of the Cascades (especially the Yakima and Wenatchee) into garden areas.
This region contains most of Washington's vineyards; from the 1980s the state has developed an important wine industry. Washington leads the country in the production of apples, sweet cherries, and pears and is a major wheat producer, chiefly in the hilly southeastern Palouse area. Washington is also a major producer of corn, onions, potatoes, apricots, grapes (including those made into wine), and other fruits, nuts, and vegetables. Cattle, dairy goods, sheep, and poultry are also economically important. Spokane is the commercial and transportation hub of the entire ""Inland Empire"" region between the Cascades and the Rockies, which extends into British Columbia, Idaho, Montana, and Oregon. Despite the vast semiarid expanse E of the Cascades, more than half of the state's area is forested, and the lumber and wood-products industry, so important in the early development of the state, remains one of its largest.
Many of Washington's cities (among them Tacoma, Bellingham, Everett, and Anacortes) began as sawmill centers, Seattle itself was home to the original ""Skid Road"" and lumber, pulp, paper, and related items are still among their major products. Other important manufactures in the state are chemicals and primary metals, especially aluminum. Abundant water power and the rich aluminum and magnesium ores found in the Okanogan Highlands in the northeast part of the state have made Washington the nation's leading aluminum producer. Washington's chief minerals are sand and gravel, cement, stone, and diatomite. Gold, lead, and zinc are also found in the Okanogan Highlands. Tourism is an increasingly important industry."
With a factoring service like us you don't need to wait for cash.
Seattle Factoring Companies
Before making your final decision and entering into a factoring agreement, check out the fees applicable and the terms of the contract. Both of these can vary a lot, depending on the factoring company and the industry it is serving. -Seattle Factoring Companies
HOW TO MAKE CASH FLOW PROBLEMS GO AWAY
Seattle Factoring Companies Articles
Invoice Factoring Companies-ocf.com
Factoring Companies - Benefits
Factoring companies offer a wide variety of benefits to businesses. Factoring companies conduct financial business by allowing a business to sell its invoices to a factor (also known as a third party business or individual.) The price that the business charges is discounted in order to sell the invoices that are currently held, and make the cash that is immediately needed for any type of expenditures involving the business. A business that has immediate cash needs, but has no cash to pay for the expenditures that has occurred often ends up going under and eventually shutting down completely. This takes a lot of jobs away from people, and can leave you working for someone else, no longer running for your business. No one wants to take this large step down from the current place that they are in. A business owner has worked incredibly hard to get to where he or she currently is, and does not deserve to have their business become obsolete. This is where the factoring companies can be a huge help to businesses.
Keep in mind that factoring companies do not use the same process as invoice discounting. Instead, invoice factoring (also called the “Assignment of Accounts Receivable” by the FASB and GAAP) is the sale of invoices, instead of invoice discounting which involves collateral in order to ensure that the individual who took out the invoice discounting loan will pay it back. Factoring is not a loan; instead, factoring is the sale of invoices in order to get immediate cash. There is no loan in the process of factoring, and you will never have to pay the money back.
Since the invoices that are sold are also called receivables, the entire process of factoring is usually called the sale of receivables. Receivable factoring is much better than trying to take a loan out from the bank. Banks charge interest on any type of loan, and although there is usually collateral, it can put you in even more debt than you currently are. In addition, factoring companies are never going to give you a loan. When a factoring company funds your discounted receivable, he or she will choose to buy the receivable, giving you cash immediately. This cash can pull your entire business out of the hole that it is currently in. Instead of taking a loan out and getting yourself further into debt, factoring allows you to simply sell your own invoices and get back most of the money that you originally put into them. Although this may seem like a bad process since you are selling valuable invoices, it is important to do, as the invoices are completely useless if your entire business goes under. Instead of trying to take a loan out to keep all of your receivables (invoices) factoring companies benefit you directly by giving you the cash you need.
Benefits of Factoring Companies / Invoice Factoring / Receivable Factoring
When you are in a bind and really need money in order to get through the next few months, it can be very troublesome. Although the first thought in most peoples’ minds would be to visit the nearest bank as soon as possible and take out some kind of loan, this is very dangerous. Although the loan may hold your business over for the next few months, it is simply delaying the same money crunch you already had. Unless your business is making an incredible amount of money, the bank loan that you took out has increased in the price that you must pay bank. Interest on a bank loan is how the banks make money and survive. Many loans have a very high interest rate, and if you are unable to pay the loan back in a short amount of time, you are going to be in more of a money crunch than you originally were in. In order to pay back the loan, you would have to make a large amount of money in a very short time, which is unlikely if you needed to take out the loan in the first place.
Rather than bothering with bank loans that will inevitably put you back in the money hole that you were in when you took it out, factoring companies are available to help you. A factoring company is a place where businesses can place their invoices for sale at a discounted price, which will allow them to receive immediate cash. As aforementioned, this money does not need to be paid back, as it is not a loan. Keep in mind, you are not selling your business. You are selling invoices in order to keep your business growing. You will be able to get more invoices in the future when your business is back up and running, but if you do not sell these invoices, you will never be back up and running.
When you are in a money crunch, don’t put yourself back in the money hole that you are in by taking out a bank loan. Utilize factoring companies in order to get immediate cash that will help you get back up and running without putting a loan on your business.
With a factoring service like us you don't need to wait for cash.
Seattle Factoring Companies Articles
trucking factoring companies
factoring companiesp> As the owner of your own business, you may be more than aware already of the difficulty in making sure that cash flow issues do not become a problem down the line. After all, the worst thing that can possibly happen for your business is to find yourself embroiled in a long and difficult situation that leaves you forever trying to find two pennies to rub together.
For any business in this situation, the problem can come for waiting for work to clear up and actually be paid into your account. Invoices, cheques and the like can take some time to actually processed which can leave you with short-term cash flow issues. Thankfully, there are options out there for businesses to look into – and one of these is factoring companies.
Factoring companies will, in exchange for your invoices, provide you with the cash today so that you don’t need to worry about the waiting period that could make paying the bills and getting materials more difficult. With this type of setup, invoice factoring can become incredibly useful for many businesses who need to get out of a cash trap which they have found themselves in.
Because, depending on the size of the job, it can take up to 60 days for some businesses to get paid then it’s important to cover your own back and not leave yourself short in that day. after all, how many businesses have two months revenue just lying there to cover all the losses until they get paid?
This is especially true of trucking companies. They tend to deal with lots of invoices which means a significant amount of running around and donkey work for the business owner themselves. Trying to get paid in time can become an incredible hassle and this is why you get specific trucking factoring companies who are happy to help out truckers specifically.
As we all know, trucking is an incredibly large industry with many companies out there employing hundreds of drivers. Unfortunately, many of these drivers can spend night in the cold or hungry as they are still waiting for work from six weeks ago to actually pay them. When this is the situation for a trucking company, turning to factoring companies for assistance might be the best choice left.
This means that a trucking company can pay the wages of the staff, keep all the vans topped up with fuel and continue to scale, grow and expand without always waiting for the never-never with money which is taking forever to arrive coming in. businesses running without a factoring model put in place are leaving themselves in significant risk, as competitors cash out fast and continue to expand.
There’s genuinely nothing to be worried about when it comes to using a Factoring company – they aren’t like a payday loan firm or somebody who is going to leave you with a huge pile of debt to apy back. Although you are technically borrowing a loan, so long as you only ever give them genuine invoices from work you have already finished you are merely speeding up the payment process.
In the United States, where trucking companies thrive, factoring companies are not considered borrowing in any capacity. This confidential agreement then allows both parties to profit and enjoy a comfortable future – it gives the factoring company a guaranteed asset of income to add to the list and it gives the trucking firm a wad of cash that they worked hard to earn.
The trucking company will usually need to pick up the invoice and cash it in still, and then make the payments back to the factoring company. Because it’s a confidential agreement, and it can look bad for a business to be involved in this type of short-term finance even though it’s perfectly legal and a very common practice, it’s usually in the hands of the company to get the money for the factor.
This is an extremely old business type and has been used for many years by many different types of work – but none more so than truckers. While you may miss out on a small part of the money , something like 15% depending on who you work with, it means that you are getting the money today and can actually start putting some food on the table.
After all, an IOU or an invoice is not going to be you fed and washed, is it? For trucking companies when the money can be good one day and gone the next, it’s up to the drivers to work sensibly and to ensure they are leaving themselves with a significant amount of time and finance to get through the week until they are paid again.
So the next time your trucking business is having some short-term cash flow issues and you are spending too much time chasing up slow paying clients, why not start considering to use factoring businesses as a way to change your motive and give yourself a more comfortable future in the eyes of your trucking staff and your bank balance?
Seattle Factoring Companies Articles
Business Is Booming but Your Company’s Cash Strapped!
A business needs good cash flow for many reasons, and many businesses have learned the hard way that business can be booming but they can still suffer from cash flow problems. There are many scenarios where a business might urgently require access to cash: it could be due to the sudden growth or expansion of a business, a major transaction may need to be expanded, perhaps there’s a need to purchase equipment or even to employ more personnel.
Interestingly, research shows that many businesses (both small and medium-size) fail, not because business is bad, but because they experience difficulties when trying to meet short-term financial responsibilities. So how can a growing and profitable business get into serious financial trouble, or even go broke? It seems so contradictory, but on closer examination you’ll see that it’s not surprising at all.
Many Businesses Experience a Cash Flow Dilemma
It’s so easy for a business to get into a situation where they have a cash flow problem: you only need one or two larger accounts to default on payment, or to take an additional 60 or 90 days to pay, and now you’ve got a cash flow problem!
Traditionally, business owners have depended on conventional lending sources for a business Line of Credit, and this often includes short-term Bridging Finance. But there are also many people in business who’ve used their personal credit cards for business-related expenses. Once business owners have exhausted traditional means of funding, the process of acquiring extended financing can become a time-consuming, trying, and often impossible task.
Fortunately, today, we have a viable and effective alternative for business owners to get through cash strapped periods, particularly during periods of expansion and business growth. This innovative form of financing is known as Factoring; it’s also sometimes referred to as Asset Based Lending or Accounts Receivable Financing.
Factoring has become a workable and realistic solution for many businesses, particularly when cash flow is uncertain and threatens the viability, or even survival, of the business.
How Does Factoring Work?
Basically, when a business has credit-worthy accounts receivables, the factoring process provides the business with an instant cash injection on those receivables. So, sometimes, when a lender says ‘no’ to a business, a factoring company may say ‘yes’, thus offering the much needed cash injection that so many businesses require to move forward.
Factoring companies understand the financial needs of their trucking clients and react very quickly to provide them with the professional, personalized, hands-on attention that they require. Freight Bill Factoring is actually a very simple process: it provides a business with instant cash flow in order to satisfy its cash needs, which in turn enables the business to grow and prosper.
It works like this! Your company has quality accounts receivables, and needs a cash boost. A factoring company may purchase just one, or a group of your receivables, and in return will immediately give you up to 100% (less fees applicable) of the face value of these accounts. Once the customer invoice has been paid in full the balance is forwarded on. Yes, factoring costs more than other means of lending, but factoring clients believe the benefits far outweigh the costs.
The Benefits of Factoring
Possibly the greatest benefit of factoring is the short turnaround time, because factoring companies don’t have a lengthy loan approval process, unlike banks and other lenders. This means that, with factoring, trucking business owners can have money in-hand by the end of the same working day!
In order to receive approval as a factoring customer, a trucking business must first-of-all be a reputable trucking business, and secondly, it must have credit-worthy customers. Once a business has been approved for factoring, funding will be provided on the same day. It’s important to note, also, that ongoing financing is only limited by the amount of receivables available for purchase.
In the last decade we’ve seen factoring grow very quickly, and today it’s become a financially feasible alternative for many trucking companies. Many trucking companies have stated that Freight Bill Factoring has made it possible for them to process orders and undertake loads from brokers that would otherwise have been impossible because of a lack of financing. Freight Bill Factoring is here to stay, and it clearly has a place in today’s business environment. Because of factoring, a trucking company can expand its customer base, increase loads, and even survive a seasonal slump. Thanks to Freight Bill Factoring, many businesses have been able to expand and grow, and easily survive in what has become a very competitive industry.
You Can Find More Information at http://factoringcompanyaccount.com/
and at Factoring at accountreceivableservices.net