Invoice factoring, also known as accounts receivable financing, is a funding solution many companies use over business loans and lines of credit as it’s a debt-free financing solution.
The process of our Mobile invoice factoring programs work by selling your receivables (invoices) to Scale Funding. The day that we receive them, we’ll provide a competitive advance directly into your bank account. Once your customer pays the invoice in 30 days or more, we’ll remit the remaining balance to you, minus our low factoring fee.
Get started with Scale Funding over other factoring companies in Mobile and Alabama to take back control of your business finances.
Many industries deal with slow-paying customers and turn to our Mobile accounts receivable financing programs to eliminate this problem. Since 1994, we’ve financed many industries including:
|Trucking & Freight||Telecom & Wireless|
|Oilfield Services||Heavy Construction|
|Utility & Pipeline||Technology|
|Government Contractors||Staffing Agencies|
|Renewable Energy||Many More|
Companies choose our Mobile invoice factoring programs because we’re able to fund many businesses, even those going through financial troubles. If one or more of the following fits your cash need, contact us today to get started.
Located in southwest Alabama on Mobile Bay, Mobile is one of the oldest cities in the United States. As Alabama’s only saltwater port, Mobile acts as a gateway for cargo entering or leaving the United States, connecting it to the city’s well-established transportation infrastructure to reach the rest of the country.
Mobile was founded by the French in 1702 as Fort Louis de la Mobile. It was the capital of the Colony of French Louisiana until the capital was moved to New Orleans in 1722. During this time, the French were engaged in extensive fur trading with the Native American population, so much so that a trading language called Mobile Jargon developed.
The French ruled the area of present-day Mobile until 1763 when the land was transferred to the British after the French and Indian War. Once in possession of the area, the British attempted to force the city’s residents to pledge their allegiance to the King of England. As a result, many of the residents fled Mobile in order to maintain their allegiance to France. However, the British Rule was short lived as the Spanish captured the city in 1780 during the Revolutionary War. The Spanish ruled Mobile until 1814 when it became part of the United States. Today, Mobile is one of the cultural centers of the Gulf Coast. It’s shaped by the variety of cultures present throughout the city’s history.
With its location on the Gulf of Mexico, access to five Class I railroads, two major interstates, and two airports, Mobile has the extensive transportation infrastructure in place to make it a major center for intermodal freight. Until recently, the Port of Mobile wasn’t taking advantage of its intermodal potential, as most of the cargo coming through the port had to be transferred by truck, closing it off to large cities like Chicago because of the lengthy transportation time.
In 2015, the Alabama State Port Authority announced construction on a new 70-acre intermodal transfer facility at the Port of Mobile. This will join the port’s 800,000 TEU cargo container that was built in 2008 and the 3,000-foot bridge that was built in 2014 to connect the port to major railways. When complete, the intermodal transfer facility will open the Port of Mobile to new, larger markets via containerized rail. One market that will now be accessible in Canada. In fact, the port already has a deal in place with Canadian National railway. This will allow Canadian National to carry freight from Mobile, up through the Midwest and into Canada.
Aviation and aerospace have become an important part of Mobile’s economy. The city acts as a regional hub for the industry. Aerospace companies are drawn to Mobile for its talented and experienced workforce, low cost of business, and access to both domestic and international markets. The Mobile Aeroplex at Brookley, a mixed-use industrial complex, and airport, is an anchor for the industry, housing a number of global companies in aviation and aerospace, including Safran, VT Mobile Aerospace Engineering, and Airbus Engineering. In addition, the Airbus U.S. Manufacturing Facility, the company’s first production site in America, is located at the Mobile Aeroplex at Brookley. Mobile is also in close proximity to multiple educational programs for the industry. One program includes Alabama’s nationally recognized training program, AIDT. AIDT provides a wealth of new talent and attracting new companies to the city.
Unlike aerospace, which is a relatively new industry to the region, manufacturing has been a significant part of Mobile’s economy for over a century. Many of the products that were historically important for the city’s economy are still important today. Some of these industries include shipbuilding and chemical manufacturing. After experiencing a decline in the late 20th century, Mobile’s shipbuilding industry was revitalized in 1999 when Austal USA was founded. In 2012, Austal USA expanded its operations, adding an additional 1,500 workers. Additionally, the former shipyard for the Alabama Drydock and Shipbuilding Company was recently purchased by BAE Systems, a British defense company. BAE continues to operate the facility as a full-service shipyard, under the name BAE Systems Southeast Shipyards.
Although shipbuilding has always been significant, chemical manufacturing has long been a leader in Mobile’s manufacturing sector. Chemical manufacturing companies are attracted to the city’s direct access to the Gulf of Mexico. This makes it easy to export goods for the international market, as well as its highly skilled workforce. Some chemical manufacturing companies that call Mobile home are Olin Products, Evonik Industries, and BASF.