Long Island

Get The Cash You Need Fast

Invoice factoring, also known as accounts-receivable financing, is a financing solution companies use to speed up their cash flow. It eliminates the cash-flow gap caused by slow-paying customers, providing you with the instant cash you need to meet payroll, catch-up on bills and invest in new resources.

While there are many factoring companies in Long Island and throughout New York, Scale Funding makes the process quick and simple, giving you the quick cash your business needs.

Step 1: Inquire

Inquire with Scale Funding about our Long Island invoice factoring programs. In as little as 15 minutes, we’ll get you approved for our services and answer any questions you might have.

Step 2: Send Invoices

Once you’re quickly setup, send your invoices to directly to us.

Step 3: Get Cash

The same day that we receive the invoices, we’ll deposit a competitive advance directly into your bank account. Once your customer pays the invoice up to 90 days later, we’ll deposit the remaining amount, less our guaranteed-low factoring fee.

On top of our same-day funding, you’ll also get to take advantage of our back-office support at no additional charge. Through our Long Island accounts-receivable financing programs we offer free accounts-receivable management, credit analysis and risk assessment, professional collections services and online reporting.

Customized Programs

One of the reasons companies choose Scale Funding over other factoring companies in Long Island and New York is because we’re able to customize our programs to work with a variety of business sizes and situations.

Tired of waiting to get paid?	If you’re waiting 30-90 days for customer payment, our Long Island invoice factoring programs can eliminate the wait.
Are you a start-up company?	Get the financing you need to grow your start-up company through factoring.
Are you expanding quicker than your cash flow?	Companies that are expanding utilize our services to help their business expand. Our programs range from $50,000 to $20 million, giving you plenty of room to grow.
Is your credit maxed or less than perfect?	Companies with bad credit or maxed-out credit rely on our Long Island invoice factoring programs, as we approve you based on your customers’ credit rather than yours.
Do you have a tax lien?	Our custom cash-flow solutions can work with your tax lien.
Did you file for Chapter 11 bankruptcy?	We can help get you back to financial freedom with our DIP financing options.

Industry Expertise

For more than 20 years, Scale Funding has financed companies in a variety of industries that are known for dealing with slow-paying customers. Some of the industries we’ve funded over the years include:

• Technology
• Trucking & Freight
• Oilfield Services
• Staffing Agencies
• Telecom & Wireless
• Utility & Pipeline
• Heavy Construction
• Renewable Energy

Long Island, New York

Long Island, New York is the biggest and longest island in the contiguous United States. From the mouth of the Hudson River, it expands roughly 118 miles to the northeast. Long Island is approximately 1,377 square miles of land.

Long Island, New York is separated into four counties:

• Kings (Brooklyn)
• Queens
• Nassau
• Suffolk

Suffolk is the largest and the easternmost of all the four, covering 911 square miles. Following Suffolk is Nassau, with 287 square miles, Queens County with 109 square miles and Kings with 70 square miles. Brooklyn and Queens (Kings and Queens Counties) border each other, and fall inside New York City jurisdiction.

History

The region was home to Algonquin-speaking Native Americans who traveled the East River by canoe. In the 1640s, part of the New Netherlands province (Dutch colonial) settled in the region to cultivate the rich soil.

In 1652, William Hallet, Sr., got a land grant and acquired land from Native Americans, in what is currently Astoria. He is the namesake of Hallet’s Point and Hallet’s Cove, the headlands that jut into the East River. Farming remained the business of the inhabitants until the 19th century.

People from New York came to escape from the city swarms and started building houses in the Astoria region. Stephen Halsey built a village area, and named it Astoria, out of appreciation for John Jacob Astor.

In 1870, Astoria hamlets and villages, Steinway, Hunters Point and Ravenswood were voted to become chartered, and consolidated as Long Island City. In 1898, after twenty-eight years, Long Island City formally became a part of New York City, as NYC extended its outskirts to include what is presently known as Queens.

Economy

Long Island’s excellent north shore captivated both affluent Europeans and Americans during the Gilded Age, whose extensive and extravagant homes earned this district the title of “The Gold Coast.” Today these domains have been renewed as golf courses, museums, subdivisions and parks.

Long Island remained, to a great extent, an agricultural and rural area throughout the nineteenth century. Nassau County encountered the biggest development in the United States in 1950 and 1970, setting off a chain reaction of economic development and suburbanization advancement across Long Island.

In the twentieth century, Long Island City became more accessible with the opening of the subway tunnels, the Hellgate Bridge (1916) and Queensboro Bridge (1909). These essential transportation links enabled further industrial advancement, characterizing the area throughout the century. Indeed, even Astoria inhabitants didn’t get away from the modern change as power plants opened up along the northernmost bank of the East River.

Parks and Tourism

Long Island has plenty of beaches. Sunbathing is viewed as a recreational activity in Long Island, with individuals competing for the best tan. A couple of the more famous parks and beaches include:

• Hempstead Lake State Park
• Socrates Sculpture Park
• Hunters Point Neighborhood
• Jones Beach
• Robert Moses State Park
• Gantry Plaza State Park

The Long Island Visitors Bureau and Convention and Sports Commission was founded in 1978. Its motivation incorporates the advancement of the Suffolk and Nassau County area as a destination for sporting events, trade expositions, conventions, meetings and visitors.

Arts and Culture

Located right over the East River from Midtown, the Queens neighborhood of Long Island City is known for areas full of thriving arts communities and waterfront parks. From outdoor sculpture parks to groups of community artists, the city is rich in culture and arts.

Guests to Long Island will be enchanted by the staggering varieties of arts and culture here, representing the brilliant and diverse history of the district. Long Island art galleries and museums, including the Parrish Art Museum, Heckscher Museum and Nassau County Museum of Art, incorporate works of worldwide acclaimed artists. The shows and theaters represent the most recent movements from nearby Broadway.

Although it remains a noteworthy modern area in NYC, Long Island’s history of culture and artistry began in 1970 with the opening of P.S.1 Contemporary Art Center in a formal government public school. From that point forward artists passing through Manhattan and Brooklyn set up studios in Long Island City.

Quality of Life

Long Island is a world leader in technology advancements. The city is home to a few research grounds and labs, including Brookhaven National Laboratory and Cold Spring Harbor Laboratory. Hauppauge Industrial Park is the biggest East Coast industrial park, with more than 55,000 employees and over 1,300 industries.

Long Island is home to 127 government-funded schools, 29,901 schoolteachers and 416,093 understudies. There are an additional 233 private schools, with over 4,873 schoolteachers and more than 53,629 understudies.

Long Island has high cost of living rate, with inhabitants paying one of the highest property taxes in the nation. Long Island has approximately 27,000 real estate agents and roughly 2,400 real estate offices. It is home to one of the costliest housing markets in the United States, with a recent property listed at $60 million.

The car is the favored method of transport around Long Island. Long Islanders use three main courses into New York City:

• The Southern State Parkway
• The Long Island Expressway
• The Northern State Parkway

The traffic in Long Island, particularly in rush hour, is a hotly-debated topic, and regularly referenced as 3.4 cars per household in comedy routines.