Ohio

Companies in a variety of situations use Scale Funding’s Ohio invoice factoring and accounts receivable financing programs to cash flow their business.

The Benefits Invoice Factoring and Accounts Receivable Financing Programs

• Invoices are turned into same-day cash
• Eliminates cash-flow gap from slow-paying customers
• No application fees
• Easy and quick setup
• Low rates with competitive advances
• Online customer support available 24 hours a day, seven days a week
• Programs from $50,000 to $20 million
• Real-time reporting available online 24/7
• Professional collections department
• Dedicated relationship manager

Invoice factoring provides businesses with the financial flexibility they need to continue to grow. Instead of putting limits on the amount of funding available to you, our Ohio invoice factoring and accounts receivable financing programs grow with you. The amount of cash available to you grows with your business.

Who does Invoice Factoring Help?

Scale Funding’s Ohio factoring company programs have provided a cash-flow solution to many industries.

Oilfield Services	Utility & Pipeline	Telecom & Wireless
Heavy Construction	Technology	Trucking & Freight
Renewable Energy	Government Contractors	Staffing Agencies
	Many More

Why Use Accounts Receivable Financing?

Do you need more working capital to fund your daily operations? Simply put, businesses that need cash to keep up with operation costs use invoice factoring to cash flow.

Expansion & Growth

Is your business growing faster than you’re getting paid? Invoice factoring can fill that gap so you’re able to accept new contracts while you wait to get paid from previous jobs.

Maxed-Out Lines of Credit

As your business grows, you may need more funding. If your credit is maxed, invoice factoring provides you with the cash you need to continue your operations.

Slow-Paying Customers

In many business-to-business industries, it’s common to wait 30 days or more for customer payment. However, this makes it challenging to stay caught up on bills, meet payroll and invest in new resources. Accounts-receivable financing eliminates this gap by paying you the same day on your invoices. Let Scale Funding worry about when the invoice will be paid, so you focus on your business.

Start-Ups

Start-up companies need funding to get going. Invoice factoring provides cash to start-ups even when they have little-to-no financial history.

Bank-Turn Downs

Even if banks say “no,” it doesn’t mean you’re financing options are over. Invoice factoring is an excellent alternative to companies when a bank isn’t able to provide traditional funding options.

Less-Than-Perfect Credit

Accounts receivable financing and invoice factoring takes into consideration the credit-worthiness of your customers rather than yours, making your credit issues obsolete.

Tax Problems

Even with tax issues or liens, our Ohio invoice factoring programs help finance your business.

Bank Workouts

Is your bank starting to pull away from the funding you have relied upon? Get the cash you need to maintain your business with a Scale Funding invoice factoring program.

Bankruptcy

During a reorganizational period, a business needs sufficient funding to get back on its feet. Invoice factoring provides the funding to help you do this.

Grow Your Ohio Business with Scale Funding’s Invoice Factoring & Accounts Receivable Financing Solutions.  We’ve helped companies in Cincinnati, Fremont, Lancaster, and More. Call (800) 707-4845 to Learn More.

Latest Ohio Updates

• Fredericksburg, Ohio Trucking Company Funded $250,000 with Accounts Receivable Financing.
• Cincinnati, Ohio Service Company Funded $320,000 with an Ohio Invoice Factoring Program
• Canton, Ohio Trucking Company uses Freight Factoring to Fund its Operations
• Fremont, Ohio Trucking Company Funded $80,000 with an Ohio Accounts Receivable Financing Program
• Amherst, Ohio Trucking & Freight Company Funded $75,000 with Invoice Factoring

Ohio

Ohio is the seventh largest state based on population with more than 11.5 million residents. The largest city is Columbus, the state capital, with more than 785,000 people. Other large cities include Cleveland, Cincinnati, Toledo, Dayton, and Akron.

Terrain

From rivers, lakes, and mountains, Ohio has diverse terrain across the state.

Lake Erie’s shoreline contains scattered sand dunes. The Bass Islands are located off the state’s northern coastline of Lake Erie and are mostly made up of limestone.

Grand Lake is the largest inland lake in the state, however, it’s extremely shallow. The average lake depth is only about five to seven feet. Many enjoy boating, fishing, and swimming there.

The state also has several rivers including the Ohio, Cuyahoga, Miami, Maumee, Muskingum, and Sandusky.

Ohio also has several hills and mountains throughout the state. The state has more than 300 peaks, Campbell Hill being the highest point. Mount Miserable, Bald Knob, Hulse Hill, Round Knob and Ralston Knob are just a few of the high points in the state.

Prior to European settlement, forests covered most of the state. By 1900, the forests were reduced to about ten percent of the state. State and government programs started making an effort during the 20th century to help reforest. Today about a third of the state has been reforested, including much of the south-central region. Tree species include buckeye, oak, ash, maple, walnut, and hickory.

Plenty of wildlife inhabit the areas in and between the rivers, lakes, and mountains. White-tailed deer, badgers, minks, coyotes, beavers, and bobcats are just a few of the animals in the state. Bass, perch, carp, trout, catfish and many other species of fish live in the rivers and lakes.

Ohio Sports

Professional sports are watched throughout the year as the state has teams in baseball, football, basketball, hockey, and soccer. Professional teams include Cincinnati Reds (MLB), Cleveland Indians (MLB), Cincinnati Bengals (NFL), Cleveland Browns (NFL), Cleveland Cavaliers (NBA), Columbus Blue Jackets (NHL) and Columbus Crew (MLS).

College football is also big throughout the state. The state has eight NCAA Division 1-A football teams including:

• Akron Zips: University of Akron
• Bowling Green Falcons: Bowling Green State University
• Cincinnati Bearcats: University of Cincinnati
• Kent State Golden Flashes: Kent State University
• Miami Red Hawks: Miami University
• Ohio Bobcats: Ohio University
• Ohio State Buckeyes: Ohio State University
• Toledo Rockets: University of Toledo

Amusements, Attractions & Landmarks

Ohio has several amusements, attractions, and landmarks for all to enjoy.

Some of the top places to visit and events in the Buckeye State include:

Amish Country: Located in Millersburg, Amish Country attracts four million people a year. It has numerous shops and has one of the nation’s oldest livestock auctions.

Cincinnati Museum Center: This railroad station built in 1933 now features three museums in one station.

Cincinnati Music Festival: This festival is held annually and attracts more than 50,000 people from across the country.

Cleveland Museum of Art: Art from around the world is exhibited in this top-rated tourist destination for the city of Cleveland.

Cedar Point: A popular 384-area amusement park located on Lake Erie. It’s the only amusement park in the world with five roller coasters taller than 200 feet and pulls in more than 3.5 million visitors annually.

National Museum of the United States Air Force: Located at Wright-Patterson Air Force Base, it’s the largest and oldest military aviation museum in the world.

Pro Football Hall of Fame: Located in Canton, this hall of fame display highlights the success of professional football players.

Rock and Roll Hall of Fame and Museum: Located next to Lake Erie in downtown Cleveland, this museum showcases artists, producers, and others in the rock and roll music industry.

Economy

In the early years of Ohio, most early industries included the sectors of agriculture, iron, and steel.

Today, agriculture is still a prominent industry. Much of the products include soybeans, corn, dairy, greenhouse and nursery products as well as hogs.

Aside from agriculture, other notable industries include automotive, steel, small appliances, and aerospace. Some of the larger companies in the state include Kroger, Marathon Petroleum, Procter & Gamble and Nationwide.

Notable Facts & People from Ohio

• Eight US presidents were born in Ohio; only Virginia boasts as many. They are:
  • William Henry Harrison
  • Ulysses S. Grant
  • Rutherford B. Hayes
  • James A. Garfield
  • Benjamin Harrison
  • William McKinley
  • William Howard Taft
  • Warren G. Harding
• In 1865, the nation’s first ambulance service was created in Cincinnati.
• In 1879, James J. Ritty invented the cash register.
• Ohio native Daniel Beard founded the Boy Scouts of America in 1910.
• On August 5, 1914, Cleveland put up America’s first traffic light.
• Neil Armstrong, an American astronaut, was born in Wapakoneta in 1930. He is the first person to step foot on the moon. Fellow Ohioan and astronaut John Glenn was born in Cambridge in 1921 and became the first American to orbit the Earth in 1962.
• Actress Halle Berry was born in Cleveland in 1966.