Mississippi

Many companies turn to invoice factoring, also known as accounts-receivable financing, to speed up their cash flow. It eliminates cash-flow gaps caused by slow-paying customers.

Invoice factoring is the selling of accounts receivable invoices to a factoring company, such as Scale Funding. We provide you a competitive advance on your invoices within 24 hours.

Once your customer pays their invoice, we remit the remaining invoice balance to you, minus a small fee for our services.

Our Mississippi invoice factoring programs are customized to fit your business needs. We’re proud to be recognized for our reliability, flexibility and award-winning customer service.

Factoring is Different than Business Loans & Business Lines of Credit

Many businesses look into traditional financing options such as business loans and lines of credit. While these might be a good option for some, businesses that need quick access to working capital use invoice factoring as their cash-flow solution.

Business loans and lines of credit take months to get funded, create debt on your balance sheet and are limited. Our invoice factoring programs don’t create debt. We fund you within 24 hours and there are no limits. The amount of working capital grows as your business grows.

Industries That Benefit from Accounts Receivable Financing

With our flexible and customizable programs and more than 20 years of experience, we can fund numerous industries. If you sell to other businesses, invoice on net terms and are waiting to get paid, Scale Funding is your finance solution.

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

We Fund Companies in Various Stages

From start-ups and well-established companies to bank workouts and bankrupt businesses, Scale Funding is able to provide funding to a variety of companies.

• Companies that are rapidly expanding
• Industries with slow-paying customers
• Companies with maxed-out lines of credit or less-than-perfect credit
• Start-up companies
• Bank turn-downs and workouts
• Companies looking for DIP financing solutions
• Companies with tax liens or tax problems

Scale Funding funds companies in Jackson, Gulfport, Southaven, Tupelo, and Other Mississippi cities with invoice factoring and accounts receivable financing solutions. Call (800) 707-4845 to learn more about invoice factoring.

Latest Mississippi Updates

• Brandon, Mississippi Oilfield Contractor Approved for $1 Million with Invoice Factoring
• Gulfport, Mississippi Staffing Agency Approved for $400,000 with Invoice Factoring
• Clarksdale, Mississippi Trucking Company Approved for $300,000 with Accounts Receivable Factoring
• Greensville, Mississippi Drilling Company Approved for $50,000 with Invoice Factoring

Mississippi

Mississippi is the 18th most populous state in the United States with just over 6 million people. The largest city is the state capital, Jackson, with about 175,000 residents. Gulfport, Southaven, Hattiesburg, and Biloxi are a few of the other most populous cities in the state.

The word Mississippi comes from the Ojibwa and means “large river.” The Mississippi River is the largest in the state. Other major bodies of water include the Gulf of Mexico, which borders the south, and the Black, Pearl and Yazoo Rivers.

The west part of the state contains the Mississippi Plain and the east part is the Gulf of Mexico Plain. Between these two lowlands, the central part of the state is hilly. Woodall, Lebanon, Wicker, Kitchen, and Crum are some of the mountains in Mississippi.

The climate is generally humid and warm. The state experiences hot summers with temperatures around 80 degrees Fahrenheit and short, mild winter with temperature averages in the mid-forties.

Economy

Agriculture has always been a prominent industry for the state. According to growingmississippi.org, the agriculture industry employs about 260,000 people, which is about 17 percent of the state’s workforce. Poultry plays a big role in the state’s agriculture. Sanderson Farms, headquartered in Laurel, is the third largest poultry producer in the United States. Other common agricultural products are soybeans, corn, cotton, and rice.

Oil and gas is another important industry for the state. Mississippi has three oil refineries and several drilling wells, most of which are located in the southern part of the state.

Manufacturing is another top industry. Since the state grows cotton, they manufacture cotton fabric there to increase the value of the product. Food processing is another big sector, specifically poultry.

Important & Notable Events

Mississippi has seen several notable events throughout its history. Many of the historical events still have an impact on the state and country today. Below are just a few:

In 1902, the teddy bear was created after President Theodore (Teddy) Roosevelt refused to shoot a captured bear in Sharkey County.

In 1927, the Mississippi River flooded. At that time, it was the worst natural disaster to have occurred, leaving thousands homeless.

The state’s first oil well was drilled in 1939 in Yazoo County.

In 1963, the first human lung transplant was completed at the University of Mississippi Medical Center. The next year, the world’s first heart transplant surgery occurred at the university.
In 1966, the first liquor store in the state opened in Greenville. Mississippi was the last state to end prohibition.

Hurricane Katrina hit the Gulf Coast region in 2005. It was one of the deadliest natural disasters in U.S. history.

Entertainment & Recreation

With water, hills, and flatland, there are a variety of activities people in Mississippi enjoy.

Common recreational activities are biking, golfing, canoeing, rafting, hiking, fishing, and hunting.

Some of the top destinations for the state include the Elvis Presley Birthplace and Museum, Marine Life Oceanarium, Beauvoir and Jackson Zoological Park.

People

Many well-known names are from the “Magnolia State.”

• Elizabeth Lee Hazen: She is most known for her development of nystatin in 1948. It was the first non-toxic treatment for fungal infections for humans.
• Elvis Presley: Born in Tupelo, many refer to him as the “King of Rock and Roll.” He is one of the most well-known musicians from the 20th century.
• Jimmy Buffett: He’s an American singer and songwriter. Many know his popular songs and visit the restaurant chains named after them, “Cheeseburger in Paradise” and “Margaritaville.”
• Medgar Evans: He was a civil rights activist who fought to end segregation. He was assassinated after Present Kennedy’s Civil Rights Address in 1963.
• Oprah Winfrey: Born in Kosciusko, Winfrey made her fortune and fame with The Oprah Winfrey Show, Harpo Productions and the Oprah Winfrey Network.
• William Cuthbert Faulkner: This American-author is best known for Yoknapatawpha County. These novels and short stories were based on Lafayette County where Faulkner grew up.