Lakewood

Stop Waiting to Get Paid with Invoice Factoring

One of the most common reasons companies use invoice factoring, also referred to as accounts receivable financing, is to eliminate the wait on customer payment. When you choose Scale Funding over other financing and factoring companies in Lakewood and Colorado, we’ll turn your invoices into same-day cash.

Although this is the most common reason companies use invoice factoring, others turn to us when they’re unable to obtain financing from a bank. Even if your credit is bad or maxed, we can work with you. Our approval process depends on the creditworthiness of your customers, rather than your business. We can also finance companies that have tax liens or that have gone through a business bankruptcy. Our Lakewood invoice factoring programs can help get your business back on its feet.

So whether you’re just starting out or are growing rapidly, choose Scale Funding to help with your cash flow.

Accounts Receivable Financing Compared to Business Loans & Lines of Credit

While these are both common funding options, there are several distinct differences between them.

First, with our Lakewood accounts receivable financing programs, we’ll get you a consultation and quote in as little as 15 minutes and set up your account in about three business days. When you choose a loan or line of credit, it can take weeks, sometimes even months for approval and setup. Once you’re set up with Scale Funding, we provide same-day funding on your open receivables, whereas funding with a bank can take months to get the cash you need.

Second, invoice factoring offers a debt-free financing option. No extra debt is added to your balance sheet with our custom programs. With a loan or line of credit, your business will accrue additional debt.

One of the other big differences between accounts receivable financing and loans and lines of credit is the back-office support. At no additional charge, Scale Funding offers back-office support, including accounts receivable management, credit services, collection services, and fuel cards.

Industries That Benefit From Invoice Factoring

For more than 23 years, many different B2B companies have benefited from our Lakewood invoice factoring programs. Our team knows the invoicing process and the key players in many industries, making it even easier for us to get you funded quickly. Some of the industries we’ve worked with over the years include:

Oilfield Services

• Drilling
• Exploration
• Production
• More

Staffing Agencies

• Administrative
• Engineering
• General
• More

Trucking & Freight

• Flatbeds
• Heavy Haulers
• Specialty Carriers
• More

Heavy Construction

• Concrete Contractors
• Crane Operators
• HDD
• More

Technology

• IT Consulting
• Data Management
• Network Administration
• More

Telecom & Wireless

• Tower Construction
• Tower Maintenance
• Inspection Services
• More

Utility & Pipeline

• Contractors
• HDD
• Excavating
• More

Renewable Energy

• Contractors
• Site Development
• Site Maintenance
• More

Other

• Manufacturing
• Printing
• Distribution
• More

Lakewood, Colorado

With a population of more than 150,000, Lakewood is the fifth most populous city in the state of Colorado and the 172nd most populous city in the United States. The city is located immediately west of Denver, 62 miles north-northwest of Colorado Springs and is part of the Denver-Aurora-Lakewood Metropolitan Statistical Area. Lakewood is a relatively young city that incorporated in 1969. But despite this, it has grown rapidly thanks to its location as a suburb of Denver, the biggest city in Colorado and the Rocky Mountains, the top schools and a number of cultural offerings. Inhabitants and visitors enjoy the best views of the Rocky Mountain foothills. Besides, the city is easily accessible by light rail service from Denver.

Moreover, a collection of small lakes and reservoirs provides opportunities to swim, boat, fish and do other water activities. Belmar is the downtown area of Lakewood and it offers a wide range of restaurants, shops, pedestrian-friendly spots, a movie theater and various other cultural amenities, which attract visitors from surrounding areas.

History

Development of Lakewood as a community began on July 1, 1889, when W.A.H. Loveland, the former president of the Colorado Central Railroad, decided to settle down in a new community after many years spent in the city of Golden for his career. He chose an area west of Denver along Colfax Avenue. After this settlement, it became a tradition for the wealthy residents of Denver to establish their summer estates in the Lakewood community.

In 1893, the first electric tramway began operating, which connected Lakewood with Denver and Golden. Later, it was nicknamed “the Loop” after it became part of the Denver Tramway Corporation. In fact, following the establishment of the tramway service, Lakewood experienced an economic boost. Another event- the establishment of the Remington Arms Company ammunition factory in 1941- caused the town to become a center of attraction.

Despite the development, it was not until 1969 that Lakewood was finally incorporated as a city, which at the time was under the name Jefferson. However, after a short time, the city’s name was changed, due to the significant disapproval of the original name by the community and the possible confusion with existing communities in Colorado and Missouri.

Although the community had existed for about 80 years prior to its incorporation, it did not have a municipal government. It relied on several water districts, fire districts and the municipal government of Jefferson County. The community consisted of neighborhoods without street lights and sidewalks. When Lakewood was incorporated as a city it had over 90,000 inhabitants.

Other major events include the establishment of campuses of two educational facilities, namely Colorado Christian University in 1914 and Red Rocks Community College in 1969. Furthermore, several churches have been established. One of them is St. Judge Catholic Church that belongs to St. Jude Parish, which was established in 1967.

Economy

Lakewood has a thriving economy. In fact, the median household income rate is higher than the national rate, and the unemployment rate is almost equal to the federal rate. With a healthy economy with approximately 75,000 jobs, Lakewood offers plenty of employment opportunities. Although there are many private employers representing various industries, the largest employer remains the government. Three industries employing the largest percentages of the population are educational services, social assistance and health care at 18.4 percent; administrative, management, waste management, professional and scientific services at 13.8 percent and retail trade at 11.9 percent. Top employers in the city include Denver Federal Center with about 8,000 employees, Jefferson County Public Schools with over 2,700 employees, FirstBank with over 700 employees, one of the largest businesses in the world specializing in marketing, The Integer Group, with nearly 650 employees and a bagel giant, Einstein Bros Bagels.

Arts & Culture

Similar to other cities in Colorado, Lakewood has a rich arts and culture scene with year-round events, live music, and festivals. The city’s creative district, West Arts, offers over 120 creative businesses ranging from restaurants to galleries, performing arts venues and 20 public art installations. One of the venues is the 8,000-square-foot Lakewood Culture Center with a contemporary 320-seat theater, multiple gallery spaces with rotating visual art exhibits, meeting and event spaces and art classes. Another important venue, the Lakewood Heritage Center, boasts 10 historic structures, 30,000 artifacts, and a famous outdoor amphitheater. For an excellent shopping experience, Lakewood offers several shopping centers such as Colorado Mills outlet mall and the mixed-use Belmar Mall.

Leisure

There are more than 80 parks in the Lakewood area that offer various outdoor activities. Among them, the 2,600-acre Bear Creek Lake Park is the most popular park. It comes with paved and unpaved biking and hiking trails, a large fishing lake, and picnic areas. The second largest park in Lakewood is Williams Frederick Hayden Park on Green Mountain with 2,400 acres of wide open space. The park is located on steep terrain and features a challenging network of multi-use trails and scenic mountain views. The summit of Green Mountain is 6,800 feet, which gives an opportunity to see high mountain peaks to the west and impressive views of the Denver metropolitan area to the east.