Louisville

Benefits of Invoice Factoring

There are several financing options to fund your business. However, our Louisville invoice factoring programs offer many benefits to companies by speeding up cash flow.

Instead of waiting to get paid, invoice factoring, also known as accounts receivable financing, provides you with same-day cash on your invoices. This gives you the working capital to meet payroll, catch-up on bills, invest in new resources and more.

Many companies choose Scale Funding over other factoring companies in Louisville and the surrounding areas because we provide you with the cash needed in three simple steps.

Step One: Contact a financial representative at Scale Funding. We’ll get you a quote and approve for our Louisville accounts-receivable financing programs in as little as 15 minutes.

Step Two: Once you’re quickly approved and setup, send your invoices to Scale Funding.

Step Three: We turn your invoices into same-day cash. That’s right, the day we receive your invoices, we’ll approve them and deposit up to 95 percent of in the invoice amount directly into your bank account.

While you work on maintaining and growing your business, our professional collectors make sure your customer pays the invoice in a timely manner. Once payment is received, the remaining five percent is remitted to you, minus a small factoring fee for our services.

The Scale Funding Advantage

Companies choose to work with Scale Funding over other factoring companies in Louisville and Kentucky because our programs are custom which allow us to work with many different business sizes and situations.

Slow-Paying Customers	If you’re waiting to get paid from your customers, turn to Scale Funding. We’ll eliminate the wait for you by turning your invoices into immediate cash.
Start-Ups & Growing Companies	Whether you’re a start-up or a company that’s growing rapidly, you need a reliable cash-flow solution. Our Louisville invoice factoring programs take care of this by removing the uncertainty of when you’ll get paid.
Bank Turndowns & Workouts	If you’re unable to get sufficient or any funding from a bank, our creative financing programs can still provide you with the cash you need. Our Louisville accounts-receivable financing programs look at the credit and financial stability of your customers rather than yours.
Chapter 11 Bankruptcies	Since 1994, we’ve provided companies going through a business bankruptcy with a DIP financing solution.

Industries

Our financing solutions eliminate cash-flow gaps for many industries that deal with slow-paying customers. Here are just a few.

• • Trucking
  • Oilfield
  • Telecom & Wireless
  • Utility & Pipeline
  • Heavy Construction
  • Technology
  • Renewable Energy
  • Staffing Agencies
  • Many More

Louisville

Louisville, KY is the largest city in Kentucky and the seat of Jefferson County. Founded by George Rogers Clark in 1778, Louisville was named for King Louis XVI and is among the oldest cities in the country. The city is known for being the home of the Kentucky Derby, the University of Louisville (and the Louisville Cardinals), Louisville Slugger baseball bats, Kentucky Fried Chicken, and three of the state’s six Fortune 500 companies. The main airport in Louisville is the site of the United Parcel Service’s worldwide air hub.

Louisville’s borders are the same as the borders of Jefferson County. This is because of a city-county merger that took place in 2003. The Louisville/Jefferson County Metro Government (Louisville Metro for short) is the consolidated city-county government in the area. In spite of the merger, the name “Jefferson County” is still used at times in reference to Louisville Metro. The total consolidated population of the city is around 760,000.

Louisville receives more rain than the average US city at around 45 inches per year. It gets less snow, though, at about 12 inches per year (the average US city gets 25). Summers are hot and humid, and winters are cool, with an average January low of about 25 degrees.

History

Louisville’s skyline has changed quite a bit from the way residents saw it during and before the 18th century. The city is rich in history, particularly French history, from the first people to settle here after the natives to the name “Louisville” itself. Louisville was named after the French King Louis XVI, but prior to this happening, the area was known as La Belle and was a French outpost. The city was officially founded after the trade port evolution brought settlers to the Falls of the Ohio.

French immigrants were among the first Louisville settlers. The Rhine River provided convenient travel for them, but this journey in an uninhabited world was still a perilous one. Many of the early settlers were Huguenot refugees who were fleeing religious persecution. In the 1700s, the French and American revolutions brought many immigrants from overseas. Kentucky and Indiana both became melting pots for everyone from clergy to noblemen to paupers. During the peaceful time that followed the war, Louisville became an active port town. A young settler ran a ferry system called Fontaine Ferry across the Ohio; this is where Fontaine Ferry Park gets its name.

People

Louisville has been home to numerous recognizable people. Actor Jennifer Lawrence is one of them; so is former professional boxer Muhammad Ali. Other celebrities from Louisville include Jennifer Carpenter, Maggie Lawson, Sean Young, Gus Van Sant, Ned Beatty, Mark Hudspeth, William Conrad, Telma Hopkins, Jimmy Blythe and more.

Economy

Louisville is home to many organizations and companies across numerous industrial classifications. However, since the city’s earliest days, the foundation of its economy has been the shipping and cargo industries. The strategic Falls of the Ohio location along with the city’s unique central US position make it a convenient location for cargo transfer as it’s en route to other destinations. Louisville remains important to the shipping industry today thanks to the presence of UPS’s Worldport air hub and three major interstate highways.

Louisville has also become a major healthcare and medical science center. This area has been central to heart and hand surgery advancements as well as improvements in cancer treatment. Humana, one of the largest health insurance companies in the country, is also located here. There are also two major Ford plants here, along with the GE Appliances & Lighting headquarters, a major GE appliance factory, and a Federal Reserve Bank of St. Louis branch.

Whiskey is another product that contributes significantly to the local economy; in fact, about a third of all bourbon comes from Louisville. Craft beer is a growing and increasingly lucrative business for the city, where more than 14 locally owned breweries are located. There is also a large assortment of independent restaurants and other businesses. Several major motion pictures have been filmed here as well, including Goldfinger, The Insider, Demolition Man and Secretariat.

Art and Culture

Museums and art galleries lie at the center of Louisville’s cultural life. Besides permanent and rotating exhibits of modern, classical, and ancient art in renowned institutions such as the Speed Art Museum, there are also art galleries downtown featuring new works by up-and-coming artists alongside touring retrospectives of established sculptors and painters. Louisville also boasts a proud tradition of artisanal crafts such as wood and metal work, glass and ceramic arts, and decorative domestic crafting, all with a unique Louisville twist.

If you love art, your visit to Louisville won’t be complete unless you spend a day at the Speed Art Museum, the area’s premier destination for visual arts. The Speed’s collection spans 6,000 years and family programs that place guests in the center of the art itself. Also, don’t miss the Kentucky Museum of Art and Craft, where you can view fine pieces of glassworks from the city’s best craftsmen and craftswomen. Here, you can also take classes teaching traditional and contemporary techniques and view galleries displaying a broad range of work from the pre-industrial to the thoroughly modern. Other museums of note worth paying a visit to include the Kentucky Derby Museum, the Louisville Slugger Museum & Factory, the Muhammad Ali Center, the Kentucky Science Center, to name just a few.

Sightseeing

From the Kentucky Derby to the best bourbon around, from festivals to historic hotels to the zoo, few American destinations offer as much to do and see as Louisville. As a cultural crossroads, Louisville merges Southern hospitality with big-city amenities. If you’re looking for something to do, the Kentucky Derby is an excellent choice if you’re in the area on the one day of the year it runs. You can also visit the Louisville Slugger Museum & Factory and see the world’s tallest bat (120 feet tall). You’ll also take home a miniature bat free as a souvenir.

Families with children and folks who love history will enjoy the Frazier History Museum’s Civil War artifacts, Teddy Roosevelt’s “big stick,” Daniel Boone’s Bible, and thousands of toy soldiers. This museum was once called the Frazier Historical Arms Museum, but now, the new name reflects the broader spectrum of world history.

The Belle of Louisville is moored and the Fourth Street Wharf and is the oldest operating steamboat in the world. Guests can take a sightseeing cruise or take in the Great American Steamboat Race, which also features the largest fireworks display in the US.

If you’re likely to spend the day outside, check out the Louisville Zoo. There are tons of different animals to observe, including snow leopards, black-footed ferrets, polar bears, and more. While you’re there, be sure to catch the “Islands” exhibit, which rotates animals through various environments to ensure they remain stimulated. Take a photo of the white alligator, King Louie, or cool off at Papa John’s Splash Park.

Finally, bourbon lovers will likely enjoy the Urban Bourbon Trail, which includes almost 20 local bars and restaurants, which all offer 50 labels (at a minimum) of the only native spirit in America. Download your “passport” or pick it up at the Louisville Visitors Center; then get stamps at any six destinations (you don’t have to drink; simply make any purchase. You’ll get an official “Urban Bourbon Trailblazer” and a “citizenship” certificate.

There’s plenty to do in Kentucky whether you are young or old, whether you are traveling with your family or alone, and whether you’d like to stay home or go out on the town.