Columbus

Invoice Factoring Eliminates Your Cash-Flow Gap

Invoice factoring, also known as accounts receivable financing, is a funding solution many companies use to eliminate their cash-flow gap caused by slow-paying customers.

Our Columbus invoice factoring programs work by paying you the day you’re ready to invoice. We transfer a competitive advance on your invoice amount directly into your bank account. Once your customer pays the invoice, we’ll deposit the remaining amount into your account, minus our low factoring rate.

While some companies may look to a business loan or line of credit to fund their business, these aren’t always the best options available. Business loans and lines of credit can take months before you get the cash you need because of the lengthy application and approval process. Our approvals are done in as little as 15 minutes. Once you’re quickly setup, you’ll have the cash you need, same-day.

Scale Funding is known for its quick approvals and speedy setup making it the number-one choice among other factoring companies in Columbus and Ohio.

Industry Expertise

Since 1994, we’ve provided a cash-flow solution to many business to business industries through our Columbus accounts-receivable financing and invoice factoring programs.

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

Reliable & Flexible Programs

While there are many factoring companies in Columbus and across Ohio and the United States, Scale Funding offers reliable and flexible programs. Our creative invoice factoring and accounts-receivable financing solutions allow us to provide cash to businesses in a variety of situations.

If you need access to quick cash and you invoice other businesses on net terms, we can help. Here are just a few examples of companies we’re able to provide funding to.

• Industries with slow-paying customers
• Expanding and growing companies
• Start-up companies
• Those with less-than-perfect credit
• Those with maxed-out lines credit
• Bank turn-downs and workouts
• Companies who’ve filed for Chapter 11 bankruptcy
• Companies with tax issues such as liens

Hello, Columbus!

To be named after the explorer who has brought Europe and its old world grandeur to America, Columbus, Ohio must live up to its namesake. That it has been the birthplace of 24 astronauts indicates exploration is deeply rooted in the city and that exploring it must be a thrill and an adventure.

Columbus is the capital of Ohio. It is also the state’s biggest city. Businessweek and Forbes often cite the city as one of the nation’s best because of the thriving business activities there.

Geography

The total land area is 217.17 square miles with just 5.94 square miles of water. The latter owes itself to the big and long Scioto and Olentangy rivers that snake around Ohio. Several tributaries run through the city area too.

It has three counties, namely Franklin, Delaware, and Fairfield. It has warm to hot summers and cold to sometimes severe winters.

History

During the 17th century until the middle of the 18th century, Columbus was under French rule, part of its territorial conquests when France was still a monarchy with expansionist ambitions. Like other areas of the US, when most of them were still inhabited by Native Americans, Ohio and the area that is now Columbus attracted Europeans for the fur. The 1763 Treaty of Paris compelled the French to surrender the area to the British, but not after a protracted war among white settlers, Native Americans and the French.

The American Revolution (against the British government) made it an American territory. It was a part of the Virginia Military District until Ohio became a state in 1803.

Founded in February 1812 and chosen as a capital later because of its closeness to the transportation routes, it is hard to imagine that Columbus was once an immense wilderness. It was chartered as a city on March 3, 1834. During the Civil War, a lot of the Union soldiers were stationed there.

Before automobiles were invented, the horse-driven carriage, known as the buggy, was the vehicle of choice. Columbus became known as the “buggy capital of the world” once because it was the top producer of buggies and production hit its peak near the end of the 19th century.

At the start of the 20th century, Columbus was known all over the world for the great attempt at water filtration through a water plant that aimed to combat typhoid fever, then a health menace causing the deaths of so many people. This filtration system is still used until now.

It was also once known as the Arch City at the beginning of the 20th century because of the prominent arches built in High Street. These arches were used to support the streetcars with electricity. They were torn down and replaced with cluster lights. To relive that historical moment, arches made of metal were constructed in Columbus in 2002.

Bridges were constructed, river banks walled, and the Scioto river widened after the Great Flood in 1913 which damaged a lot of property and cost lives in Franklinton. After World War I, there were also a lot of construction activities that spruced up the city. Among the construction projects were the Ohio Stadium, a Civic Center, and the American Insurance Union Citadel.

During World War II, a number of people settled in Columbus because of the number of jobs that can be had in the city. The opening of the Town and Country Shopping Center in 1948 further bolstered Columbus as a sophisticated metropolitan area in the US.

Big structures like the National City Bank and the Nationwide Plazas were built in the 70s, slowly changing the skyline of the city. Additional behemoths like the Capitol Square finished in 1984 and Columbus began to look more and more like the grand metropolis that it really is right now.

By the 1990s, Columbus had the largest population in all of Ohio.

Business Climate

Technology, insurance, and education are the top industries in Columbus. JP Morgan Chase & Co, Nationwide, Honda of America, L Brands Inc., and Huntington Bancshares Incorporated are the companies with the most number of people employed.

There are a lot of big-time companies based in Columbus. Abercrombie and Fitch, American Signature, CompuServe, GFS Chemicals, Safelite and The Wendy’s Company are just some of them.

The median household income is $55,837. The cost of living is 4.7 percent below the national cost.

Population

According to a 2015 estimate, there are 850,106 people living in Columbus. That makes the city the 15th most populated city in the US. Ethnic diversity makes Columbus a good place for companies to test their products in the city since the demographic composition represents the “typical American city.”

The city in a 2015 survey, as reported in USA Today, was ranked 21st among the most literate cities of the country. The criteria are educational levels, newspaper circulation, and library resources, among others. It is above Austin, Texas (21) and Chicago (33) and Philadelphia (35) in ranking.

Tourist Spots and Events

The Columbus Museum of Art is where the art lover can actually see authentic Impressionist, Expressionist, and Cubist art pieces that he has just seen on coffee table books.

Wexner Center for the Arts, within Ohio University, showcases contemporary art. It also gives The Wexner Prize, an award for an artistic trailblazer. Past recipients include film director Spike Lee, choreographer Merce Cunningham, and fashion designer Issey Miyake.

Ohio Theatre is a venue for different performances. It was once a movie house that was supposed to be demolished as part of urban planning but was saved by a campaign. Today, its list of performers is as varied as jazz legends Boz Scaggs, comic Tig Notaro, and the Columbus Symphony Orchestra.

There are a number of parks where one can hike, play Frisbee, and even just sit on a park bench and look at the greenery. Among these are American Addition Park, Amlet Village Park, Berliner Sports Park, Casto Park, Deshler Park, and the top-rated Prairie Oaks Metro Park.

As for events, one must show up for the Ohio State Fair. Almost everybody does. In 2015, close to 1 million people attended this 12-day fest that usually starts between late July and mid-August. It is a joyful celebration of the state through exhibits, food fair, live musical performances, and other fabulous treats.

Columbus Arts Festival can draw as many as 300 artists not just from the states but also from all over the world. Staged in June, this festival is for art lovers and art collectors.

Transportation

The city’s primary airport is John Glenn Columbus International Airport, formerly known as Port Columbus International Airport. The non-stop flights reach up to 140 a day, provided by 6 airlines.

To travel around the city, people get on the bus. The routes and destination points are carefully planned by the Central Ohio Transit Authority.

One can also drive around the city with a bike as biking is encouraged with bike routes growing in number. They are encouraged and financed by the local government to promote individual and environmental health. More dedicated biking and pedestrian lanes are about to be built since they are already a major part of the city planning in the near future.