New Mexico

Companies use New Mexico factoring company programs to get the cash their business needs to maintain and grow operations.

No matter if your company is a start-up, expanding, or can’t get traditional financing from a bank, Scale Funding can help you get the cash you need.

Most of our customers experience a cash-flow gap due to slow-paying customers. Our factoring programs eliminate this gap by paying you same-day on your invoices.

Which Funding Solution is Best for My Company?

Invoice factoring, also known as accounts receivable financing, is a solution many businesses use to eliminate their cash-flow gap.

Scale Funding provides an easy setup to get started in just three easy steps.

Step One – Get a quote from us by filling out the form on this page or calling 800-707-4845.

Step Two – Once you’re set up, you’ll submit your invoices to us.

Step Three – Get cash. We pay you same-day on your invoices, giving you the cash you need to meet payroll, catch up on bills or invest in new resources. We’ll make sure your customer pays the invoice so that you can focus on your business.

An Alternative to a Business Loan or Line of Credit

Business loans and business lines of credit can be good funding solutions if you have time to wait and won’t be in need of additional financing anytime soon. Often, it can take weeks or months to get approved and funded. If your business starts expanding and needs more financing, it might be difficult to obtain from a bank as debt is created on your balance sheet.

With invoice factoring, setup is easy and funding is within 24 hours. The amount of cash available to you grows as your business grows. This is why many companies choose Scale Funding’s New Mexico invoice factoring programs for their financing.

Companies Benefiting from New Mexico Invoice Factoring Programs

Oilfield Services

• Gravel Haulers
• Frac Sand Haulers
• Site Preparation
• More

Utility & Pipeline

• Utility Services
• Pipeline Construction
• Pipeline Maintenance
• More

Trucking & Freight

• Tanker Fleets
• Dry Van Carriers
• Heavy Hauling
• More

Telecom & Wireless

• Tower Installation
• Tower Erectors
• Tower Maintenance
• More

Heavy Construction

• Fabrication & Welding
• Environmental Services
• Bulk Material Handlers
• More

Technology

• IT Services
• Web Design
• Software Development
• More

Staffing Agencies

• Medical
• Administrative
• Clerical
• More

Renewable Energy

• Site Preparation
• Wind Farm Maintenance
• Solar Project Installation
• More

Other

• Apparel
• Distribution
• Wholesale
• Other

New Mexico Factoring Company Service Areas

Scale Funding has provided factoring company services to businesses throughout New Mexico since 1994, including:

Albuquerque	Carlsbad	Hobbs
Las Cruces	Lovington	Sante Fe

To learn more about Scale Funding’s invoice factoring programs call (800) 707-4845.

Latest New Mexico Updates

• Artesia, New Mexico Oilfield Trucking Company Funded $400,000 With Invoice Factoring
• Hobbs, New Mexico Water Hauling Company Funded $75,000 with Accounts Receivable Financing
• Lovington, New Mexico Frac Sand Hauler Approved for $1.6 Million with Invoice Factoring
• Farmington, New Mexico Oilfield Service Company Approved for $80,000 with Accounts Receivable Financing

New Mexico – The Land of Enchantment

New Mexico is home to just over 2 million people. The largest city is Albuquerque and accounts for more than 25 percent of the state’s total population. Other large cities include the state capital of Santa Fe, and Las Cruces and Rio Rancho.

The state is composed of three main regions: the Great Plains, the Rocky Mountains, and the Basin and Range Region. There are a few rivers and lakes in New Mexico. In fact, lakes and rivers make up about .002 percent of the surface area making it the lowest water-to-land ratio in the nation. The few lakes and rivers that are known in the state include Rio Grande, Pecos River, Navajo Reservoir, Elephant Butte Reservoir, and Conchas Lake.

The climate stays fairly dry, especially in the deserts which include Chihuahuan Desert, Colorado Plateau, and Jornada del Muerto. Daily temperatures are hot and reach around 90 degrees Fahrenheit. Although there are high temperatures, there’s little humidity. The nights in New Mexico are typically cool and temperatures drop to about 50 degrees.

With the Rocky Mountains entering in through Colorado, several peaks are visible throughout the state. Wheeler Peak, located near Taos, is the highest point in the state. Other peaks include Mount Walter, Old Mike, Truchas, Middle Truchas, and Medio Truchas.

Education

Throughout the state, there are 13 colleges and universities. Some of the most well-known schools include the University of New Mexico in Albuquerque, New Mexico State University in Las Cruces and St John’s College in Santa Fe.

Economy

Oil has always been an important industry to the economy, even back to when it was first discovered in the early 1920s. The majority of the drilling and exploration is done in the Permian Basin which is located in the southeast corner of the state. Today, New Mexico ranks third in the production of oil and gas in the United States.

Healthcare is another big sector of the state’s economy. Leading employers include the UNM hospitals, Health Partners, Memorial Medical Center, and San Juan Regional Medical Center.

The government also plays a big role in the economy by providing jobs related to the military, specifically the Air Force. The state has three Air Force bases including Cannon, Holloman, and Kirtland. Aside from the Air Force, the government also employs many residents through organizations such as the U.S. Bureau of Land Management, Los Alamos National Laboratory, the National Park Service and the New Mexico Department of Health.

History

As far back as the 1200s, Pueblo Indians have been living near the Rio Grande. Spanish explorer Francisco Vásquez de Coronado explored what is now New Mexico in search of gold between 1540 and 1542.

In 1846, the Mexican-American War started. Two years later in 1848, the war ended and the Treaty of Guadalupe Hidalgo was signed. The treaty helped establish peace between the United States and Mexico and gave the United States the land. However, it wasn’t until 1912 that New Mexico became the 47th state.

Celebrations

The state has several celebrations throughout the year that many people enjoy.

One of the biggest celebrations during the year is the International Balloon Fiesta, which takes place in Albuquerque. The event has been held for almost 50 years and is typically nine days long, with more than 500 hot air balloons.

The Lincoln County Cowboys Symposium brings in more than 20,000 visitors each year. The event showcases the cowboy lifestyle with music, food, vendors, and demonstrations.

Each September, both residents, and visitors of the state attend the New Mexico State Fair. The fair brings in singers, food, and various entertainment. The fair is ranked number nine in the nation for its attendance and variety of vendors and concessions.

The National Fiery Food and Barbecue Show in Albuquerque attracts about 15,000 visitors. It claims to be the most visited show in the world that features spicy foods.

Another well-established event in Albuquerque is the Gathering of Nations which has taken place for more than 30 years. Its goal is to preserve, celebrate and share the culture of the natives.

The Land of Enchantment

Because of its history, cultural flare and beautiful land, it’s not surprising that the state was given the nickname “Land of Enchantment.” While the phrase has been on the state’s license plate since 1941, it didn’t become the state’s official nickname until 1999.