Speed Up Your Cash Flow Today
Accounts receivable financing, also known as invoice factoring, is a common financing solution companies use to speed up their cash flow. The process works by selling your invoices to a factoring company in exchange for quick cash. When you choose to work with Scale Funding over other factoring companies in Scottsdale, you’ll receive same-day funding, competitive advances, and low factoring rates.
While business loans and lines of credit are other ways to finance a business, there are many differences that our Scottsdale invoice factoring programs offer. Here are just a few.
Invoice Factoring |
Business Loans & Lines of Credit |
15-minute quoting process | Lengthy approval process |
Same-day funding | Funding can take 1-3 months |
Dependent on your customers’ credit | Dependent on your credit |
Financing grows as your company grows | Financing is capped |
Doesn’t create debt on your balance sheet | Creates debt on your balance sheet |
Free credit reports on your customers and potential customers | No free credit reporting |
Why Choose Accounts Receivable Financing With Scale Funding?
While there are many factoring companies in Scottsdale and throughout the United States, Scale Funding offers customized programs so that we’re able to work with many different company sizes and stages. Our monthly programs range from $50,000 to $20 million, giving you plenty of room to grow.
One of the most common reasons companies use our Scottsdale accounts receivable financing programs is to eliminate the cash-flow gap caused by slow-paying customers. Scale Funding speeds up your cash flow by paying you same-day.
Our invoice factoring programs can help everyone from start-ups to companies that are expanding rapidly. Even those with financial issues such as no credit, maxed credit or tax liens can take advantage of our financing solution.
Funding Many B2B Industries
Since 1994, Scale Funding has funded many B2B industries through our Scottsdale invoice factoring programs. Some of these industries include:
Telecom | Oilfield |
Trucking | Technology |
Government Contractors | Staffing Agencies |
Renewable Energy | Heavy Construction |
Utility & Pipeline | Many More |
Scottsdale, Arizona
A prosperous suburb of Phoenix, located in the Salt River Valley, Scottsdale, Arizona is rich in nature and Native American history while becoming a fast-growing and sprawling city. Growth has not only been limited to population, but also to land expansion over the past half-century. With a population nearing a quarter million, and a total area of 182 square miles, job opportunities have been on the rise. The city benefits by sharing borders with the large cities of Phoenix and Tempe as well as having direct freeway access to State Route 101, known locally as the “Loop 101.” This makes transportation convenient and easy as well as increasing access to surrounding areas.
Tourism has been a major contributor to Scottsdale’s economic growth. The Sonoran Desert, Tonto National Forrest, and McDowell Mountain National Park are some of the city’s most valuable natural elements. The Sonoran Desert is the hottest desert in North America, 120,000 square miles in size, and only receives seven inches of annual rainfall. Downtown Scottsdale has the unique feature of having a waterfront while existing in the desert. The city’s infrastructure, including premier golf resorts, luxury hotels and spas, and a trendy restaurant scene, all are among factors contributing to its draw in tourism. With the city motto, “The West’s Most Western Town,” much of its original Western-style charm still rings true. Scottsdale holds an annual Western-themed parade, called the “Parada del Sol,” (formally known as the Sunshine Festival) during the winter months to launch the tourist season. This tradition of rodeos, barbecues and family activities has taken place for over 60 years.
History
Established in 1894, Scottsdale, Arizona was originally named Orangedale. This was due to a large number of orange and citrus trees planted by the first residents of the area, Winfield Scott, his wife Helen and his brother, George. After the original settlement in 1888, Winfield Scott recruited cultural and educated people from the Midwest and the East, which created an innovative community of artists, writers and a wide range of creative careers. During the Great Depression, Scottsdale’s artistic population experienced tremendous growth, especially in architectural exploration. Frank Lloyd Wright opened his southwest office here in 1937. Many buildings designed by the famed architect still stand tall.
The city’s official incorporation was in 1951, which lead to a huge population jump, from an estimated 2,000 to 10,000 residents. While agriculture was the original and main economic influence in Scottsdale, commercial enterprise and sales careers have quickly surpassed. Because Scottsdale is in a flood plain, this made the land desirable for development due to the inexpensive land and flat terrain. Industrial solvents were found underground, which contaminated the water. This initiated the Indian Bend Wash, one of the largest EPA Superfund cleanup sites, which further lead to the development and growth of Scottsdale and eradicated the concerns. Expansion continued throughout the 1960s, 70s, and 80s, with the continual construction of planned living communities and industrial facilities.
Prior to the settlement of the Scott’s, the land, which would include Scottsdale, was inhabited by the Hohokam, an ancient Native American civilization, from 300 BC until around 1450. They developed highly-advanced canal irrigation and agricultural system, which was used for farming. This technology and quality was unsurpassed until the Colombian settlement. These canals reached over 250 miles, much of which are still in existence today, and even a portion of which was put back to use in the 20th century. Many of the archaeological sites are open to the public or have become part of museums. It is believed that the Pima and O’odham people are descendants of the Hohokam, which are the modern-day Native American inhabitants contributing to the Scottsdale’s history and charm.
Economy and Culture
From family-friendly tourism, a bustling downtown, outdoor activities, to the nature preserve and national parks, Scottsdale, Arizona has a wide range of business opportunity and leisure pursuits to offer. With an average household income of over $112,000, and a 65 percent home-owner occupancy, Scottsdale is proven to have established a long and stable economy. Agriculture had remained a strong economic force, as well as artistic and creative careers until the 1960s. Today, tourism and the hospitality industry supersede. Following New York City, Las Vegas and Chicago, Scottsdale has tied in fourth place for having the most AAA Five Diamond hotels and resorts in the United States. Scottsdale is well known for its golfing and resort communities. Boasting over 50 golf courses within the city limits, and placing five of the top ten best courses in the state of Arizona, Scottsdale is a year-round destination for both vacationers and full-time residents alike. The average annual temperature of 70.3 degrees Fahrenheit makes Scottsdale among the most preferred wellness locations in the US, and it is consistently rated among the top cities in the country to live, raise children and retire in.
Scottsdale has produced three times more successful start-ups than Austin, Texas, partly due to its favorable tax structures and professional infrastructure. It is estimated that from 2010 to 2015, 13,000 companies and small businesses, each having generated $5,000,000 in annual sales, have initiated operations Scottsdale. The city has partnered with Arizona State University to create the ASU Innovation Center, which allows industrial expansion and entrepreneurs access to new technology, business education, networking, and an able workforce. This network, named SkySong, has created a helpful boost to those seeking to build businesses of their own. SkySong is nearing full capacity, which demonstrates the success of this dramatic project. With the city of Scottsdale encouraging the growth of small business, self-employment opportunities are on the rise and resources are readily available, as well as its inherent customer base.
Why Choose Factoring in Scottsdale?
Scottsdale, Arizona has seen a jump in small businesses and start-ups. Arizona has no inventory tax, franchise tax, unitary tax, municipal income tax or sales tax on direct sales to state and federal government. This is a huge incentive to build a small business in the region. Invoice factoring provides cash-flow quickly to these businesses.
With Scottsdale becoming a thriving secondary market, opportunities are on the rise. Whether a small transportation company or opening a staffing services company, factoring provides same-day funding, and a minimal amount of paperwork. Without having ample access to capital during imperative expansion phases of a new company, it could limit the amount of growth, leaving untapped potential behind. Government contracting, technology, telecom and staffing services are prominent industries in Scottsdale, all of which are excellent candidates for invoice and receivable factoring.