How Does Factoring for Bank Turn-Downs Work?

When Banks Say “No,” We Say “Yes”

Applying for a business loan or business lines of credit can be time-consuming and frustrating, especially when it is denied. When a business needs cash, waiting for approval on a loan application may mean missed work opportunities or increased costs. This is why companies turned down by banks use accounts receivable financing with Scale Funding.

Accounts receivable financing, also known as invoice factoring, can provide companies immediate access to the cash they need, without the lengthy application process or waiting for approval. Throughout the United States, many companies facing bank turn-downs use factoring because of the fast account setup and quick access to cash.

Bank turn-downs of an application for a business loan or business lines of credit are exasperating and potentially fatal for a business. An accounts receivable factoring line is often much more easy and faster to obtain. Scale Funding can offer a quote for a factoring line in as little as 15 minutes.

How Factoring for Bank Turn-Downs Works

Accounts receivable factoring is a type of financing where a company receives a cash advance on their accounts receivables. Scale Funding will provide a competitive advance on the value of the receivables. The cash from factoring can be used by the client to meet any financial commitments they have. When Scale Funding receives payment on the receivables from the client’s customer, the remaining balance is remitted to the client less a small fee.

bank turn-downs

In addition to vital cash flow, Scale Funding provides value-added services including:

  • Online reporting
  • Customer credit analysis
  • Accounts receivable management
  • And More

The highly experienced Scale Funding staff help clients grow and succeed.

Factoring for Bank Turn-Downs in Any Industry

Scale Funding serves companies experiencing bank turn-downs. We ensure these companies have cash when it’s needed. For over 20 years, Scale Funding has served clients from many industries. Our industry knowledge and reputation for service have made us a leader in the factoring industry. Companies who want an experienced factoring company, with expertise in their work, choose Scale Funding.

Industry Knowledge and Experience

Telecom & Wireless Companies
Antenna Installation & Repair
Tower & Outside Plant Construction
Fiber Optic and Structured Cabling Installations
Network Engineering
Cell Tower Maintenance
Plus many more
Heavy Construction Operations
Concrete Contractors
Construction Management
Crane & Aerial Lift Operators
Grading & Excavating
Horizontal Directional Drilling
Utility Locators
And others
Data Management
IT Services
Software Development
Technology Solutions Providers
And more
Utility & Pipeline Companies
Pipeline Construction
Right of Way Clearing
Fabrication & Welding
Trenching Services
Underground Utilities Contractors
Plus more
Oilfield Services
Site Preparation
Drilling Contractors
Frac Sand Hauling
Water Haulers
Roustabout Services
Well Servicing
And others
Trucking & Freight
Contract Carriers
Freight Brokers
Heavy Haulers
Refrigerated Carriers
Tanker Fleets
And many more
Renewable Energy
Engineering & Procurement
Site Development services
Construction Sub-contractors
Operations & Maintenance
And many more
Government Contractors
Federal and State
Provincial and Local
Professional Services
Pass-through Transactions
And more
Staffing Agencies
IT – Technology
Light Industrial
And others
Other Industries
Distribution & Wholesale
Plus many more

Factoring with Scale Funding

As a leading provider of factoring lines since 1994, Scale Funding is the right choice for companies dealing with bank turn-downs. If lack of available cash is holding back your business, talk to a Scale Funding representative today and find out how factoring can become part of your success.

How Bank Turn-Downs Start Factoring

factoring for bank turn-downs

At Scale Funding, we know company leaders are focused on driving their business towards success. We understand that taking the attention away from the work at hand is counter-productive. We eliminate complications and offer a speedy setup process. With Scale Funding, getting set up for accounts receivable factoring is as easy as 1-2-3.

Step 1 – Get a Quote
The initial step in securing a factoring line is to speak with a Scale Funding representative. We’ll discuss your cash flow situation and needs, and we’ll offer a free, no-obligation consultation and quote for a factoring line. Our simple and straightforward underwriting guidelines allow most customers to receive written quotes in 30 minutes or less. All factoring quotes are customized for the specific needs of the client. We’ll work to make certain the factoring line meets your requirements.

Step 2 – Submit invoices and related documents
Once a factoring line is agreed upon, we’ll schedule your first funding. We can accommodate most schedules and offer an expedited service for those in need of immediate cash. During the set-up process, we’ll walk you through the agreement and discuss your invoices and any related materials.

Step 3 – Get cash for your invoices
When the set-up process is complete, we fund you via ACH direct deposit or a wire transfer directly into your bank account. From this point forward, each time we receive your invoices, we’ll process and fund you the same day the invoices are received.

Factoring with Scale Funding is a solution for Bank Turn-Downs. Call (866) 219-4873, or Contact Us today!

Get a quote that fits in 5 minutes flat!

We’re ready to help you get access to the cash you need. Contact one of our 
experts to find out how Scale Funding can help your business today.