Indiana

Invoice factoring, also known as accounts receivable financing, is a common financing solution from Indiana factoring companies. Instead of waiting 30 days or more for customer payment, invoice factoring eliminates the cash-flow gap by paying you the same day.

Indiana Companies Benefit from Invoice Factoring & Accounts Receivable Financing

• Free, no-obligation factoring consultation and quote
• Quick and easy setup with no fees
• Same-day cash on your invoices is wired directly to your bank account
• Invoices are eligible up to 30 days from the date of invoice
• Unlike business loans and business lines of credit, there are no limits – your access to cash grows as your business grows

Who does an Indiana Factoring Company Help?

Telecom & Wireless: tower construction, antenna maintenance, tower climbers, fiber-optic installation and more	Heavy Construction: building and bulk material handling, concrete contractors, construction management, crane lift operators and more
Technology: consultants, IT services, network administration, software development, structured cabling, technology solutions providers and more	Utility & Pipeline: pipeline construction, maintenance and rehabilitation, utility line work, sewer and water main construction and more
Oilfield Services: well-site preparation, drilling contractors, logging and testing services, water haulers, roustabouts and more	Trucking & Freight: for-hire carriers, flatbed fleets, tankers, intermodal, specialty carriers and more
Renewable Energy: wind farms, solar energy, OEMs, O&Ms and more	Government Contractors: defense, security, service, technology, transportation and more
Staffing Agencies: administrative, clerical, IT technology, light industrial, medical and others	Many More: apparel, distribution, manufacturing, service, wholesale and more

Why do Indiana Companies Choose Invoice Factoring?

Expansion & Growth

Businesses in expansion and growth mode need steady cash flow to invest in new resources such as equipment and employees in order to grow their business.

Maxed-Out Lines of Credit

When you have a maxed-out-line of credit, it’s nearly impossible to obtain more funding from a bank. When you choose accounts receivable factoring with Scale Funding, there are no limits.

Slow-Paying Customers

If you’re waiting 30 days or more to get paid on your invoices, invoice factoring is a solution to the problem. Scale Funding provides same-day funding on invoices. Cash is deposited directly into your bank account within 24 hours.

Bank Turn-Downs

When banks so say no, we say yes. Invoice factoring is an alternative to bank loans and lines of credit.

Less-Than-Perfect Credit

Don’t worry if your credit isn’t perfect. Your Indiana factoring company looks at the credit of your customers rather than yours.

Tax Problems

If you have a tax lien, funding from a bank isn’t possible. Scale Funding offers creative finance solutions with our invoice factoring programs so that they’re no longer an issue when it comes to financing your business.

Bank Workouts

When risk starts getting high, banks tend to pull away from your funding. Scale Funding helps companies in situations like this by providing a steady stream of cash.

Bankruptcy

If your company is in a post-petition or reorganization and in need of some working capital, accounts receivable financing with Scale Funding provides cash for companies in these types of situations.

We’ve financed companies throughout Indiana, in cities including:

Carmel	Elkhart	Evansville
Fort Wayne	Gary	Indianapolis
Terre Haute	South Bend

Grow your Indiana business with creative financing solutions like invoice factoring. Call (800) 707-4845 to Find Out More.

Latest Indiana Updates

• Kingman, Indiana Trucking Company Funded $20,000 with Invoice Factoring
• North Webster, Indiana Freight Company Approved for $2.4 Million Invoice Factoring Line
• Owensville, Indiana Utility Company Approved for $1.2 Million with Accounts-Receivable Financing
• Indianapolis, Indiana Consulting Company Funded $300,000 with Invoice Factoring
• Valparaiso, Indiana Telecom Company Approved for $40,000 by Factoring Company

Indiana

Indiana has a population of more than 6.6 million people, making it the 16th largest state based on population. The biggest city is its capital, Indianapolis, with more than 800,000 people. Fort Wayne, Evansville, South Bend, and Carmel are among some other top populated cities in Indiana.

Temperatures and soil types in Indiana vary across the state due to the different terrains and Lake Michigan, which borders the north. There are numerous small lakes throughout the state, remnants of Ice Age glaciers. Major rivers include the Ohio, Wabash, White, and Tippecanoe. In the waters of Indiana, you’ll find catfish, pike, bass, and sunfish.

In the north-central part of the state, hilly farmland is filled with rich soil. This area is commonly known as “America’s Corn Belt” as corn is one of the biggest agricultural products of the state. Other products include soybeans, hogs, dairy products, and eggs.

A variety of wildlife inhabits the state including mountain goats, antelope, wild boar, porcupines, leopards, red fox, wolves, and many others. Common birds throughout the state include the black duck, blue heron, bald eagle, field sparrow and the state bird, the cardinal.

Economy

Manufacturing is the major industry in Indiana making up most of its income. Items such as steel, automobiles, transportation equipment, rubber, petroleum and factory machinery are made in Indiana.

The northwest part of the state is the largest steel producing area in the United States. Headquartered in Fort Wayne, Steel Dynamics is the fourth largest producer of carbon steel products in the United States.

Following right behind Michigan, Indiana has the second highest automotive gross domestic product. Cummins Inc. is a global leader in the distribution and servicing of engines and related technologies with headquarters in Columbus.

Medical devices and pharmaceuticals are also a dominating industry in Indiana. One of the top global pharmaceuticals, Eli Lilly is headquartered in the state capital of Indianapolis, employing more than 11,000 employees in the state. The company is also known for its charitable contributions.

History

Indiana means “Land of Indians.” Prior to becoming a state in 1816, Indiana was home to numerous indigenous people and Native Americans. Angel Mounds, located in Evansville, is one of the most well-preserved Native American sites in all of North America.

Even in its early years, manufacturing was a prominent industry. Trading and transportation were also important to the economy.

Some historical people and events associated with the state include:

• Levi Coffin, also known as the “President of the Underground Railroad,” was involved in the Underground Railroad system which helped slaves escape during the 1800s.
• Lewis and Clark left from Fort Vincennes on their exploration to explore the Northwest Territories.
• Although he wasn’t born in Indiana, Abraham Lincoln moved to Indiana when he was seven. He spent most of his childhood in Spencer County.
• On May 30, 1911, the first long-distance automobile race in the United States was held at Indianapolis Motor Speedway. The winner’s average speed was about 75 miles per hour and the prize was $14,000. (Today, the average speed is more than 167 miles per hour and the prize is typically more than $1.2 million.)
• During World War II, the 9-47 fighter-plane was manufactured in Evansville.
• Singer Michael Jackson, along with his siblings with whom he would later form the Jackson 5, was born and raised in Gary, Indiana.

Entertainment & Leisure

Indiana residents and visitors enjoy a variety of celebrations, recreational activities, museums, parks and more. Because of the lakes, rivers and diverse terrain throughout the state, many enjoy canoeing, swimming, nature tours, and wildlife preserves.
Top destinations and celebrations in the state include:

• Air Museum: An outdoor display of vintage military aircraft and an aviation museum.
• Auburn Cord Duesenberg Automobile Museum: Museum dedicated to preserving cars built by Auburn, Cord, and Duesenberg automotive companies.
• Holiday World and Splashin’ Safari: Two parks in one with roller coasters, water slides, food and more.
• Indiana State Museum: Exhibits on Indiana’s natural and cultural history throughout four floors.
• Indianapolis 500 Festival: Includes a variety of events in Indianapolis and Indiana surround the historic Indianapolis 500.
• Vincennes: Indiana’s oldest city includes a variety of locations and buildings that depict the rich heritage of the city.
• Whitewater Canal: The nation’s only working covered aqueduct.