Belleville

What Is Invoice Factoring?

Invoice factoring, which is commonly referred to as accounts-receivable financing or receivables financing, is a simple form of business funding in which companies sell their accounts receivable (invoices) to a factoring company in exchange for a same-day advance. Not only does this eliminate the gap from slow-paying customers, but also provides the company with immediate cash flow to use for many purposes.

Businesses that take advantage of our Belleville accounts-receivable financing programs receive the following added benefits:

• Speed: Approvals in 15 Minutes or Less
• Availability: Same-Day Fundings up to Five Days per Week
• Confidence: Free Credit Checks on Your Customers
• Support: Dedicated Account Manager & Collector

Who Benefits from Invoice Factoring?

Businesses that partner with Scale Funding for our Belleville invoice factoring programs come to us from a number of industries across North America. Take a look at some of the industries we work with to provide simple, fast and flexible funding solutions:

Trucking & Freight: flatbeds, refrigerated trucks, intermodal, heavy hauling, specialty carriers and many more	Telecom & Wireless: tower construction, tower maintenance, inspection, tower erectors, fiber optic installation and more
Oilfield Services: site preparation, drilling, hydro-vac services, oilfield trucking, frac sand hauling and more	Utility & Pipeline: pipeline contractors, pipeline construction, utility locators, maintenance, welding, inspection and more
Heavy Construction: crane operators, concrete contractors, excavating contractors, welding and more	Renewable Energy: water, solar, wind, site preparation, site maintenance, site development and more
Staffing Agencies: administrative, clerical, general labor, medical, healthcare and more	Government Contractors: local, state and federal
Technology: consulting, data management, IT services and more	Other Industries: manufacturing, printing, maintenance, distribution, security and more

Why Use Invoice Factoring?

As your top choice among factoring companies in Belleville and New Jersey, Scale Funding is proud to say that we tailor our financing to the unique needs of each of our clients. Take a look at some of the unique business situations that invoice factoring provides a solution to:

Slow-Paying Customers	Invoice factoring provides same-day cash for your invoices, eliminating the wait from slow-paying customers.
Growth & Expansion	Growing companies need cash to accept and service new contracts. With invoice factoring, you will have the cash you need to take advantage of new opportunities.
Credit	Invoice factoring is based on the creditworthiness of your customers. If you provide B2B services and your business has maxed-out credit or less-than-perfect-credit, accounts-receivable financing is a solution for you.
Bankruptcy	We help companies get back to financial freedom after a business bankruptcy through our DIP financing solutions.
Start-Ups	Starting a new company takes time and money. Invoice factoring and accounts-receivable financing provide the working capital so that you can spend your time on the important things.
Tax Liens	Tax liens can financially cripple a business. Our customized programs can provide the cash you need to pay off a lien and operate the business.

Belleville, New Jersey

Belleville is a charming township on the northeastern edge of New Jersey. It has a dazzling landscape that definitely lives up to the town’s name, which means “beautiful city” in French. Its dominant rolling hills and lush green fields add to the splendor of this tiny Essex County town. The Second River is also another dazzling natural feature that forms Belleville’s eastern border with Newark. Belleville is located right at the junction of the Second River and the Passaic River.

Belleville is a cultural melting pot that people from the Native American, Latino, Asian, African-American and Pacific Islander communities call home. Along with this diversity, it still represents quintessential small town America: warm friendships and tight-knit community living are the most defining characteristics. With a population of 35,926, the sleepy agricultural community of Belleville lives up to its nickname, “the Cherry Blossom Capital of America.”

History

Dutch settlers first occupied the region around present-day Jersey City in 1633. Over subsequent years, their numbers swelled, and new settlements began springing up throughout the region. They called one such settlement the Second River, which has grown to become Belleville as we know it today.

The first person to own land in this new settlement was Hendrick Spier, who immigrated from Holland. Spier had massive land holdings which extended over a distance of two miles and consisted of what is estimated to be a few hundred acres of unbroken forest land. Today, this tract forms much of Belleville and the SOHO community.

This town has a rich history that can be traced back more than three hundred years. This legacy can be seen clearly through how Belleville’s streets are named: at least four of them are named after the town’s original landowners. These include Van Rensselaer, Bayard, Schuyler and Cortlandt.

The Second River also played a pivotal role during the Revolutionary War. In 1776, General Washington and his forces trooped through its main streets while being pursued by the British. Furthermore, many British foraging parties were sent into the Second River Colony at that time.

Belleville also has a great history of acceptance and integration. While the rest of the country was fostering very strong sentiments against the Chinese community, Belleville was at the forefront of embracing Chinese workers. As a result, the township emerged as the first Chinatown on the East Coast. This community eventually grew into the Chinatowns seen in New York and Newark today.

The settlement changed its name to Belleville in 1797; however, the town has a storied history when it comes to its official status. Belleville was first incorporated as a township in 1839. It then went on to be recognized as a city in 1874, but that was dissolved by 1876. However, Belleville regained its official town status in 1910 after an extensive referendum. Later, a 1981 referendum would lead to the final change of status, when Belleville officially became a township.

Economy

Throughout its history, the economy of Belleville comprised a mix of agriculture, manufacturing and real estate. However, the economic landscape began changing when it was officially incorporated as a township in the mid-1800s. Since then, the focus shifted to turning Belleville into a bedroom community with a strong industrial base.

Today, agriculture still holds a prominent place in Belleville. However, the main economic activities here are business and finance, science and technology, manufacturing and logistics, construction and real estate, retail and administrative support services. Companies like Hillside Wire Cloth Co. Inc. and National Sportswear have their headquarters here. Furthermore, many residents of the township also commute to work in adjacent areas like Newark. The median household income here is estimated to be around $48,000.

Its strategic location and well-developed transportation system also make Belleville attractive to investors and workers. The township is connected to larger areas like Newark, North Arlington and the wider New Jersey area through a series of road and rail systems. The major transit routes here are Route 7, County Route 506, the NJ Route 21 and Silver Lakes Station.

Culture and Recreation

Despite its small size, Belleville has a vibrant recreation and entertainment scene. You will not fall short of numerous opportunities to relax and enjoy yourself. If your first love is nature, take a breather at one of Belleville’s luscious green parks, Belleville Park and Branch Brook Park. Here, you can enjoy the scenery and the soothing sounds of the Second River.

You could also take part in a variety of recreational sports. Golf is particularly popular and is played at the premier Hendricks Field Golf Club. Alternatively, if you are a lover of food, you can try any one of the many unique restaurants here to sample a wide variety of multicultural cuisine.

Visit the Reformed Dutch Church of Second River or the Clara Maass Medical Center for a dose of the area’s history. These landmarks were put up in 1697 and 1896 respectively, and represent just how rich Belleville’s past is. The Annual Cherry Blossom Festival is another big draw for tourists and residents. Furthermore, its extensive use as a location for popular television shows like “The Sopranos” has made Belleville a hot spot for film buffs.