North Dakota

Financial situations for many companies can be challenging. From start-up to well-established companies, they all need steady cash flow to fund their dreams.

Whether you’re experiencing a cash-flow gap from slow-paying customers or lack of funding from a bank because of tax liens, maxed-out-lines of credit, or less-than-perfect credit, Scale Funding offers North Dakota accounts receivable factoring programs to improve cash flow. Get started today with the number one North Dakota factoring company.

Offering Cash-Flow Solutions Since 1994

Accounts receivable factoring also referred to as invoice factoring and accounts receivable financing, is a cash-flow solution many North Dakota businesses use to fund their companies.

Instead of waiting 30 days or more for customer payment, accounts receivable factoring pays you immediately on your invoices. This provides you with the cash you need to stay caught up on bills, meet day-to-day operating expenses, pay your employees, accept new contracts, and meet any other financial obligations you may have.

Invoice Factoring Compared to a Business Loan or Line of Credit

While some companies may look for funding options through a business loan or business line of credit, it’s not always the best option or an available option.

Business loans and lines of credit cap the growth potential of your company by setting limits. Invoice factoring has no limits. The amount available grows as your business grows.

Funding from business loans and lines of credit can take weeks or months from the time the application is submitted to when you have cash in hand.

With our North Dakota accounts receivable factoring programs, funding is almost immediate. Scale Funding quotes businesses in as little as 15 minutes. The application and setup process is simple and quick and can be done within a few days. Once that is complete, funding on your invoices happens within 24 hours. This provides you with the immediate cash needed to maintain and grow your business operations.

Which Industries Benefit from Invoice Factoring?

A variety of industries benefit from invoice factoring. Scale Funding has more than 20 years of industry expertise in:

Oilfield Services

• Well Site Preparation
• Drilling Contractors
• Water Haulers
• Roustabouts
• Many More

Technology

• Consultants
• IT Services
• Network Administration
• Software Development
• Many More

Trucking & Freight

• For-Hire Carriers
• Flatbed Fleets
• Tankers
• Specialty Carrier
• Many More

Renewable Energy

• Wind Energy
• Solar Energy
• Site Development
• Operations and Maintenance
• Many More

Utility & Pipeline

• Pipeline Construction
• Maintenance and Rehabilitation
• Sewer Construction
• Main Construction
• Many More

Heavy Construction

• HDD and Trenching
• Heavy Hauling
• Site Preparation
• Grading & Excavating
• Many More

Government Contractors

• Defense
• Security
• Service
• Technology
• Many more

Telecom & Wireless

• Tower Construction
• Antenna Maintenance
• Tower Climbers
• Outside Plant Services
• Many More

Staffing Agencies

• Administrative
• Clerical
• Light Industrial
• Medical
• Many more

Other

• Apparel
• Distribution
• Manufacturing
• Wholesale
• Many more

For more information on invoice factoring for North Dakota companies, call Scale Funding at (800) 707-4845. We’ve worked with companies throughout North Dakota in cities Including:

Bismarck	Crosby	Grand Forks
Fargo	Watford	Williston

Latest North Dakota Updates

• Mandaree, North Dakota Oilfield Service Company Funded $50,000 with Invoice Factoring
• Williston, North Dakota Pipeline Company Funded $200,000 with Accounts Receivable Financing
• Mandan, North Dakota Freight Company Funded $120,000 with Freight Factoring
• Dickinson, North Dakota Oilfield Service Company Funded $300,000 with Invoice Factoring
• Watford City, North Dakota Oilfield Service Company Funded $70,000 with Accounts Receivable Factoring

North Dakota

In terms of size, North Dakota ranks 17th among U.S states while one of the least populated areas in the nation, with fewer than 800,000 residents. Bismarck is the state capital and is one of the largest cities in the state. Other prominent cities include Fargo, Grand Forks, Minot, and West Fargo. The population of these five cities makes up almost 40 percent of the Peace Garden State’s total population.

Another known town in the state is Rugby. Rugby is the geographical center of North America. A 15-foot-tall rock obelisk, with American and Canadian flags flying high, is located to mark this spot.

Climate, Terrain & Wildlife

North Dakota has a dry, continental climate. There are four distinct seasons with temperatures ranging from 0 degrees Fahrenheit in the winter to the upper 80s in the summer.

Grass covers most of the Rough Rider State as part of the Great Plains of North America. The Badlands cover the southwest part of the state. The Badlands is a long series of odd-shaped and brightly colored buttes, domes, and rolling hills. The state’s highest point, White Butte, is found there. Other peaks in the state include Black Butte, Sentinel Butte, Camel Butte, and Square Butte.

There is also rivers and lakes throughout the state. Sakakawea and Ohe are the most well-known lakes. Major rivers include James, Missouri, and Red.

Bald eagles, deer, pronghorn antelope, elk, grizzly bears, and bighorn sheep are just some of the wildlife that roams throughout the state.

Economy

Agriculture is the largest industry in the state both today and throughout its history. Common agricultural products include wheat, cattle, soybeans, corn, and sugar beets.

Other large industries in the state include oil and gas, food, technology, and renewable energy.

North Dakota’s economy expanded rapidly during the oil boom, which started in 2006 and lasted until oil prices dropped dramatically in 2015. Its economy and population grew during the oil boom, specifically in small oil towns including Williston and Watford. During this time, the state had the lowest unemployment rate in the United States.

Entertainment

While North Dakota isn’t a big tourist state, there are still plenty of attractions, celebrations, and entertainment for all to enjoy. Below are just a few.

Dakota Zoo: It’s the largest zoo in North Dakota with 500 reptiles, birds, and mammals.

Dinosaur Museum: Located in Dickinson, this museum has a full-Scale triceratops model and ten other full-Scale dinosaur models on display.

KMOT Ag Expo: This event has been around for four decades since agriculture has been a primary industry for the state. It’s the largest indoor agricultural show in the upper Midwest, attracting more than 35,000 people.

Sports RV and Boat Show: It’s the largest sports show in the state and one of the top events in the area. It attracts more than 14,000 visitors each year.

Theodore Roosevelt National Park: The park has roughly 70,000 acres of canyons and hiking trails. The “Medora Musical” is performed in this park in honor of President Roosevelt’s memory.

Other recreational activities that residents and visitors of North Dakota enjoy are bicycling, boating, golfing, rafting, skiing, and sledding.

Notable Names

Some well-known names are from North Dakota including actors, professional athletes, and many others. Below are just a few.

• Angie Dickinson: An actress who was in more than 50 films. She also starred in the television series Police Woman.
• Dorothy Stickney: A Broadway actress is best known for her role in “Life with Father.”
• Eric Sevareid: A television commentator, news analyst, and author who became nationally known for his essays on public events and personalities.
• Josh Duhamel: Born in Minot, Duhamel has stared in many television shows and movies.
• Phil Jackson: He has been a basketball executive, coach, and player in the National Basketball Association.
• Roger Maris: Raised in Fargo, he became a Major League Baseball player and received the most valuable player award twice.
• William H. Gass: This author and philosopher was born in Fargo and wrote “Omensetter’s Luck” and “In the Heart of the Heart of the Country.”