Information for the city of Spokane
Spokane is a city located in the northwestern United States in the state of Washington. It is the largest city of Spokane County of which it is also the county seat, second largest city in the state of Washington, and the metropolitan center of the Inland Northwest region. The city is located on the Spokane River in eastern Washington, 92 miles (148 km) south of the Canadian border, approximately 20 miles (32 km) from the Washington Idaho border, and 232 miles (373 km) east of Seattle.David Thompson explored the Spokane area and began European settlement with the westward expansion and establishment of the North West Company's Spokane House in 1810.
This trading post was the first long term European settlement in Washington and the center of the fur trade between the Rockies and the Cascades for 16 years. In the late 19th century, gold and silver were discovered in the Inland Northwest. The Spokane area is considered to be one of the most productive mining districts in North America. Spokane's economy has traditionally been based on natural resources, being a center for mining, timber, and agriculture; however, the city's economy has diversified to include other industries, including the high tech and biotech sectors. Spokane is known as the birthplace of Father's Day, hosted the first environmentally themed World's Fair, Expo '74, and is home to Gonzaga University and Whitworth University.The city of Spokane (then known as ""Spokan [sic] Falls"") was settled in 1871 and officially incorporated as a city in 1881. The city's name is drawn from the Native American tribe known as the Spokane, which means ""Children of the Sun"" in Salishan. Spokane's official nickname is the ""Lilac City"", named after the flowers that have flourished since their introduction to the area in the early 20th century. Completion of the Northern Pacific Railway in 1881 brought major settlement to the Spokane area.With a population of 208,916, according to the 2010 Census, Spokane is the second largest city in Washington and the 102nd largest city in the United States. Spokane is the principal city of the Spokane Metropolitan Statistical Area, which is coterminous with Spokane County. As of the 2010 census, the county had a population of 471,221.
The Spokane Coeur d'Alene Combined Statistical Area has about 609,000 residents.Spokane became an important rail and shipping center because of its location between mining and farming areas. In the early 1880s, gold and silver were discovered in the Inland Empire; as a regional shipping center, the city furnished supplies to the miners who passed through on their way to mine in the Coeur d'Alene, Colville and Kootenay districts. The area is considered to be one of the most productive mining districts in North America.Natural resources have historically been the foundation of Spokane's economy, with the mining, logging, and agriculture industries providing much of the region's economic activity. After mining declined at the turn of the 20th century, agriculture and logging replaced mining as the primary iuence in the economic development of Spokane. As with the mining industry, the lumber industry in the city contributed to the economy by the means of outfitting the lumberjacks and millmen working in the hundreds of mills along the railroads, rivers, and lakes of northern Washington and Idaho. Agriculture has always been an important sector to Spokane's economy; the surrounding area, especially to the south, is a productive agricultural region known as the Palouse. This setting supports many vineyards and microbreweries that reside in the Spokane area. By the early 20th century Spokane was primarily a commercial center rather than an industrial center. As the metropolitan center of the Inland Northwest as well as southeastern British Columbia and Alberta, Spokane serves as a commercial, manufacturing, transportation, medical, shopping, and entertainment hub.
The Old National Bank BuildingIn Spokane, wood and food processing, printing and publishing, primary metal refining and fabrication, electrical and computer equipment, and transportation equipment are leaders in the manufacturing sector. Fortune 1000 company,Corporation, which operates as a real estate investment trust is headquartered in the city proper. Forestry and agribusiness continue to be important elements in the local economy, but Spokane's economy has diversified to include other industries, including the high tech and biotech sectors. Spokane is trying to reinvent itself into a more service oriented economy in the face of a less prominent manufacturing sector, particularly as a medical and biotechnology center. Genetics company, and Fortune 1000 technology company, Itron are headquartered in the area. Other companies with head offices in the Spokane area include technology company The top five employers in Spokane are the State of Washington, Spokane Public Schools, and Spokane County. The largest military facility and employer, the 92d Air Refueling Wing is stationed at Fairchild Air Force Base near Airway Heights. In 2000, the leading industries in Spokane for the employed population 16 years and older were educational services, health care, and social assistance, 23.8 percent, and retail trade, 12.7 percent. The health care industry is a large and increasingly important industry in Spokane; the city provides specialized care to many patients from the surrounding Inland Northwest and as far north as the Canadian border.Companies have located or relocated to the Spokane area, drawn by the easy access to raw materials and lower operating costs, such as cheap hydroelectric power. Economic development in the Spokane area primarily focuses on promoting six industries which include manufacturing, aerospace manufacturing, health sciences, information technology, clean technology, and digital media
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."
Our quick and easy factoring service can increase your cash flow today!
Spokane Factoring Companies
The main benefit of factoring is that a business is not required to wait one or two months (sometimes more) for payment by a customer, the business will receive cash in hand to operate and grow their business. -Spokane Factoring Companies
IS YOUR COMPANY CASH POOR
Spokane Factoring Companies Articles
The Best Kept Secret in Financial Services: Freight Bill Factoring!
If you’re an existing owner of a trucking business, or perhaps you’re planning on starting a trucking business, then you may be interested in Freight Bill Factoring. Freight Bill Factoring helps trucking businesses, both large and small, achieve their overall business goals; but before making any final decision you must fully understand how Factoring works.
Freight Bill Factoring has become very popular with trucking businesses and is often referred to as the financial backbone of the trucking business. If you’re not familiar with Freight Bill Factoring, you may not know that factoring is a financing alternative for business owners: it gives them immediate access to additional financing capital they may otherwise not have access to. The process of Freight Bill Factoring is actually quite straightforward: it involves a factoring company purchasing bill of ladings at a discounted rate. This process is a win-win situation for both the trucking company who receives immediate funds and for the broker who pays for the invoices.
Freight Bill Factoring Is Not New!
Freight bill factoring is not a new idea; in fact, it has a long, rich tradition. Most civilizations that have engaged in commerce have also engaged in factoring in one form or another. For example, business relationships during the colonial period in North America were required to make cash payments in advance against Accounts Receivable in order for the business to continue with its commercial operations, prior to their users being paid for their goods. So, they were engaged in factoring!
Factoring Specialists Have Many Services to Offer
Of course, factoring has become a lot more sophisticated over the years, and today it’s focused on financial management, credit worthiness, and on collections. However, the basic concept of purchasing Accounts Receivable has stayed the same. In addition, the modern factoring company of today can do a lot more than just funding: a factoring specialist can assist clients by evaluating and setting credit limits, verifying customer’s credit worthiness, and professionally managing Accounts Receivable collections. Right across North America we see factoring companies existing in all forms and serving business sectors and industries of all types; and today, many large financial institutions even have their own factoring divisions. Generally, though, factoring companies are smaller, independently owned enterprises.
Banks Step Out as Factoring Steps In
Factoring has become very popular with trucking businesses because, as most business owners can verify, commercial lenders have become increasingly inflexible, with stricter regulations and ever-changing lending criteria. This inflexibility has forced both small and medium sized businesses to search for alternative financing sources, and this is where factoring has stepped in. Factoring is a simple, workable, solution-based process, providing an alternative for trucking businesses when traditional means of financing are not available. Factoring is proving to be a great financial remedy, particularly as banks and other lenders are becoming less friendly to small business owners.
Factoring Companies Operate Worldwide
The volume of factoring around the world has today exceeded the trillion-dollar mark! Factoring companies operate on every continent and, in the last four years, worldwide factoring transactions have increased by 60%. And that’s why we say that Freight Bill Factoring is the best kept secret in financial services!
Our quick and easy factoring service can increase your cash flow today!
Spokane Factoring Companies Articles
The Advantages of Trucking Factoring for Trucking Companies
Around the country, many owners of small trucking companies are running into the same problems when trying to expand their business. While the trucking business can be quite lucrative, it can take many weeks or even months to finally get paid on hauling invoices. This puts trucking companies in a real bind by having to play catch-up while trying to pay bills and salaries of their drivers.
We caught up with Jason Kind, an owner of a small trucking business that he created just a few years ago. Like many trucking owners, Jason was trying to expand his company to meet the needs of his clients, but was running into money issues that were holding him back. We asked him about his situation, the challenges he faced and how Trucking factoring played a real role in helping his company to expand without being burdened by paying back high interest loans.
Jason, it’s good to have you with us.
Jason Kind: “Thanks, I appreciate being here.”
Tell me a little about your trucking company and how it got started.
JK: “I had been driving trucks for years when in 2011 I decided to start my own trucking business. I went through the loan process, purchased a couple of trucks and got started. At first, it was really exciting because I had made a few connections as a driver and I picked up some early business. It seemed like everything was starting to snowball as I was getting requests from other businesses, but I was running into a cash problem.”
It seems rather strange that being successful was causing you to be short on cash?
JK: “I know. You see in the trucking business we charge invoices which means that it could take weeks or even months before the cash would roll in. A typical invoice takes anywhere from 45 to 60 days before the payment comes through. Here I was getting offers from other businesses and I didn’t have the cash on hand to buy trucks and hire drivers.”
So, what did you do?
JK: I’ll admit I was at my wit’s end because I thought by the time I had the cash to expand that the interest would dry up first. I didn’t want to take out another loan because I would just be putting off that debt until later and I had nothing to sell or any additional way to make more money. It was around that time when I heard from one of my friends in the trucking business about Trucking factoring.”
What exactly is Trucking factoring?
JK: “Well, Trucking factoring is a way for trucking companies like mine to get paid quickly for the loads we are hauling. Instead of having to wait weeks or even months sometimes to get paid for hauling, Trucking factoring lets us get money right away for the work that we’ve done.”
How does Trucking factoring work?
JK: “Well, there are companies out there who are willing to purchase the invoices that trucking companies like mine get when we perform a job. I managed to find a good, reputable company that actually purchases the invoices we get after performing a job along with other bills that we charge in our business. In return, they pay us cash that I not only use to cover my payroll, fuel costs and expenses, but I was able to put back enough money to purchase another truck a lot more quickly than if I had simply waited for the invoices to be paid.”
It seems like you stumbled on a pretty good deal when it comes to Trucking factoring. Are there any other benefits that you’ve enjoyed by using this service?
JK: You bet, because the invoices act as the means to pay the company. It is not a loan where I have to pay back any money. The Trucking factoring company simply takes a very small percentage off each invoice or bill as their fee and I get the rest in cash right away. It’s really worked out for me because not only was I able to get the cash needed to expand my business I was able to pay off my original loan a lot more quickly as well.
In fact, I was able to leap onto new business offers more quickly because the Trucking factoring allowed me to start purchasing new trucks and hire drivers months before I could even consider doing that simply waiting on the invoices.
This Trucking factoring sounds almost too good to be true, surely there must be a catch somewhere?
JK: I’ll admit, I was a little skeptical at first, but it’s all pretty straightforward. The Trucking factoring company I use didn’t even charge me a sign up fee nor did they sign me to any long term contract. I just took a few minutes with them to set everything up and when I turn in an invoice, they pay me cash right on the spot.
You said you didn’t have to sign any long term contracts. Are there a minimum number of invoices or amounts that you have to turn in each month?
JK: Actually, no. When I first started with them I was turning in practically all of my invoices so I could generate some cash up front. Now, when I need some cash to pay off bills or make quick purchases, I go to the company with my invoices. Some months I’ve turned in quite a few invoices, other months not so much.
It really sounds like you found a great deal in Trucking factoring?
JK: You bet. I have even used their fuel advances and discount cards to help me save money which really helped out in the first year of my business. I’ve had other trucking owners call me up and ask me how I was able to expand my company as fast as I did. I tell them all the same thing, if you have invoices, then Trucking factoring is the way to get fast cash without having to take out loans or put yourself in a deeper hole.
Jason’s business continues to grow and Trucking factoring was a big reason why he was able to expand so rapidly. If your trucking business is short of needed cash with invoices that have yet to be paid, then you should consider Trucking factoring as a way to put money into your hands right away.
You Can Find More Information at http://transportationfactoringcompany.org/
and at Factoring at medicalreceivables.org