West Virginia

Scale Funding has been helping businesses with their cash flow since 1994. Not only do we offer the best West Virginia invoice factoring programs, but we also offer additional back office support and services at no extra cost. These added services include a dedicated account representative, full treasury department, online reporting, credit analysis, risk assessment and a dedicated collector for your account.

Invoice Factoring & Accounts Receivable Financing

A common cash-flow solution many businesses use is invoice factoring, also known as accounts receivable financing.

Invoice factoring works by selling your accounts receivables (invoices) to a third party, commonly known as a factoring company. Instead of waiting to get paid, the factoring company advances you a percentage of your invoice amount within 24 hours. Once your customer pays the invoice, the factoring company remits the remaining balance, minus a small fee for their services.

An Alternative to a Business Loan or Line of Credit

While business loans and business lines of credit might be a good option for some, it’s not the right solution for all.

If your business needs funding to fill a cash-flow gap caused by slow-paying customers, business loans and lines of credit will only fill this gap for a short time. The amount provided is capped. It can be difficult to obtain more financing as it creates debt on your balance sheet.

With invoice factoring, the cash-flow gap is eliminated by paying you the same day on your invoices. The amount provided to you grows as your business grows. The more you invoice, the more working capital you’ll have.

West Virginia Invoice Factoring Programs Benefits Many Industries

For more than 20 years, Scale Funding has provided a cash-flow solution to West Virginia companies. Our flexible programs make it possible for us to meet the funding needs for a variety of industries.

Telecom & Wireless	Technology
Heavy Construction	Utility & Pipeline
Oilfield Services	Trucking & Freight
Government Contracts	Renewable Energy
Staffing Agencies	Wholesale, Distribution & Many More

Invoice Factoring for Companies in a Variety of Financial Stages

Companies in a wide variety of financial and business stages utilize invoice factoring to fund daily operations. If one or more of the situations below describes your business, our West Virginia invoice factoring programs could be the right solution for you.

• You’re a start-up
• You have slow-paying customers
• You need cash for your business
• You’re expanding and growing
• Your line of credit is maxed
• The bank turned you down
• You have less-than-perfect credit
• You have a business tax lien
• You need a DIP financing solution
• The bank is closing your line of credit

Scale Funding helps West Virginia companies in Charleston, Huntington, Parkersburg, and other locations. For more information on invoice factoring call (800) 707-4845
.

Latest West Virginia Updates

• Bridgeport, West Virginia Oilfield Service Company Funded $100,000 with Invoice Factoring
• Wheeling, West Virginia Trucking Company Approved for $320,000 in Accounts-Receivable Financing
• Ellamore, West Virginia Oilfield Service Company Approved for $75,000 with Invoice Factoring
• Charleston, West Virginia Pipeline Contractor Approved for $40,000 with Accounts-Receivable Financing

West Virginia

West Virginia is a relatively small state in terms of population and land area. The population is about 1.8 million people. The state capital of Charleston is home to about 51,000 people.

Most of the state is covered by heavy forestland. The Appalachian Mountains covers about two-thirds of the state. This gives West Virginia one of its nicknames, the “Mountain State.”

Economy

West Virginia’s economy has prominent industries of agriculture, specifically livestock, chemical manufacturing, and steel and coal mining.

Main livestock from West Virginia includes young chickens, beef cattle, dairy products, eggs, turkey, sheep, lamb, and farm-raised fish.

Agriculture has always been an important part of the state’s economy, even in its early years. Booker T. Washington was born in Virginia in 1856 but spent many years growing up in West Virginia learning about agriculture. He later founded the Tuskegee Normal and Industrial Institute located in Alabama and dedicated his teachings to industrial and agricultural training. Jackson’s Mill, West Virginia, is the site of the first 4-H camp in the United States.

Coal mining has also been an important part in the state’s economy, in the early years and present day. Today, the state is one of the top producers in the United States. Other common mining products include petroleum, sand, gravel and natural gas.

People

There are several people connected to West Virginia that are worth noting.

James Rumsey: (1743-1792) Rumsey is considered to be the inventor of the steamboat. The James Rumsey Technical Institute in Martinsburg is an educational facility named in his honor.

Martin Delany: (1812–1885) He was born in Charles Town and was an African-American abolitionist and author. In 1854, he helped organize the National Emigration Convention. He was also assigned to recruit blacks for the Union Army during the Civil War. He became the first black major in the U.S. Army.

Thomas Jonathon “Stonewall” Jackson: (1824-1863): Born in Clarksburg, Jackson is known for his leading roles in the Confederacy during the Civil War. Today, he is still recognized for his tactics used in the military.

Pearl S. Buck (1892-1973): Buck was born in Hillsboro, but spent most of her early years in China. Many also know her by her Chinese name, Sai Zhenzhu. She won the Pulitzer Prize in 1932 for her novel “The Good Earth.”

Jesse “Don” Knotts: (1924-2006) Born in Morgantown, Knotts is most recognized for his comedic role in The Andy Griffith Show.

George Brett (1953-Present): Born in Glen Dale, Brett is a retired Major League Baseball player. He was a third baseman and designated hitter for the Kansas City Royals for more than 20 years.

Top Destinations & Celebrations

West Virginia has many destinations and celebrations, some dating back to the early 1900s.

Beckley Exhibition Coal Mine: This exhibition is a restored coal mine with about 1,500 feet of underground passages for visitors to explore.

Berkeley Springs International Water Tasting: This event brings more than 100 waters from all over. It’s one of the top events in West Virginia.

Camden Park: This park has been visited since the early 1900s. Residents and tourists enjoy this historic park, especially during the summer months.

Harpers Ferry: The scenic views of the Shenandoah and Potomac River, historic sites, museums, and other attractions bring almost 500,000 people to the historic national park each year.

New River George National River: This is one of the oldest rivers in North America. Many enjoy canoeing, rafting, and tubing down it.

Organ Cave: This cave is one of the largest in the United States. There are more than 40 miles of passageways.

Strawberry Festival: A top fruit festival in the United States featuring entertainment and education. This festival dates back to 1936.

Vandalia Gathering: Located at the Cultural Center and the state capitol grounds in Charleston, this free event celebrates the traditional arts, music, crafts, and food of the state.