Alaska Factoring Company Programs

Benefits of Invoice Factoring

Invoice factoring if also commonly referred to as accounts receivable financing. The process works by a company selling its invoices to a factoring company in exchange for immediate cash.

There are several benefits of choosing our Alaska factoring company programs over others.

• Fast approvals
• Free quote
• Same-day funding
• High advances
• Low rates
• Online reporting available 24/7
• Full credit department
• Dedicated relationship manager
• Account collector

Industries

For more than 20 years, our Alaska invoice factoring and accounts-receivable financing programs have helped a variety of industries. Our team of financial experts separates themselves from other factoring companies in Alaska by being knowledgeable in several industries.

Pipeline	Oilfield Services	Trucking
Utility Services	Technology	Government Contractors
Heavy Construction	Renewable Energy	Staffing Agencies
Distribution	Manufacturing	More

Why Choose Scale Funding?

While there are many Alaska factoring company programs to choose from, Scale Funding distinguishes itself with its flexibility and custom programs. We’re able to work with a variety of situations to get companies the cash they need.

Slow-Paying Customers

A common reason companies use our Alaska accounts-receivable financing programs is to eliminate the cash-flow gap caused by slow-paying customers. Instead of waiting to get paid, we’ll pay you same-day.

Maxed or Less-Than-Perfect Credit

When the banks turn you down because of your credit, turn to invoice factoring. We’ll look at the creditworthiness and financial strength of your customers to ensure you’ll get paid.

Start-Ups & Expanding Companies

Whether you’re a start-up or a company in growth mode, sufficient and steady cash flow is essential. Our invoice factoring programs help ensure this.

DIP Financing

If you’ve filed for bankruptcy and are in need a of a debtor-in-possession financing solution, Scale Funding is your answer. Since 1994, we’ve helped companies get back on their feet with our programs.

Tax Liens

It can be risky for banks to extend a loan or line of credit to businesses with tax liens. Our Alaska invoice factoring solutions provide cash to companies with tax liens.

Alaska

“I can see Russia from my house!” That was a misquote attributed to Sarah Palin, the famous Alaska governor who was a vice presidential running mate of Republican John McCain in his presidential bid in 2008. She didn’t actually say it (her impersonator Tina Fey did), but while it suggests a failed observation, it isn’t. Russian soil can indeed be seen from an Alaskan island. A corollary to this fact is the area that is now Alaska was bought by the US government from Russia. Alaska confounds. But ultimately, Alaska dazzles.

Geography and Climate

Alaska is less than 50 miles from Russia on its west side. On its eastern border in Canada. This is the only state in the United States that is not bordered by another state. That’s why it’s fittingly called as “The Last Frontier.”

Alaska is the biggest state in the United States. Its total area is 663,268 square miles. It is twice as big as Texas—the second biggest state. It also has the longest coastline than any other state. It can be divided into 6 regions: South Central, Southeast, Interior, Southwest, North Slope and the Aleutian Islands. Its capital is Juneau, unusually located because it’s not part of the road network of the country and it can only be reached by plane or boat. Its biggest city is Anchorage, where half of the population of the state resides.

It has three coastlines in three different seas: the Arctic Ocean, the Pacific Ocean, and Bering seas. This is, again, the only state to have this geographical feature.

Denali, formerly called Mount McKinley, is the highest peak of the state and the US. There are about 300 volcanoes in Alaska, most of which can be found in the Aleutian Islands. It also has more than three million lakes.

Despite its size, a lot of areas in Alaska are forests with no human settlements, like the Interior area. In fact, Alaska is one of the least dense in terms of human population in the United States.

Southeast Alaska has cool summers and cool winters. South Central Alaska is snowier than the rest and has short, but cool summers. Western Alaska has varied weather conditions. It is dry where the land is composed mostly of desert, but the precipitation level is high in other areas. The interior has the most extreme of temperatures, from the hottest to the coldest. The Alaskan stereotype of the freezing Eskimo can be found in the North, with its very long, cold winters.

History

Alaskan natives who have long inhabited Alaska before European exploration can be classified into the following names and the names that the European settlers classified them: Inupiat (Northern Eskimos), Yuit (Southern Eskimos), Athabascans (Interior Indians), Tlingit and Haida (Southeast Coastal Indians).

The Russians arrived in the middle of the 18th century. They first traded with the natives for fur. They later enslaved them and exploited their hunting skills. Although the Russian Empress Catherine the Great ordered the Russians to treat them in a friendly manner, the competition among the Russian companies turned their representatives into brutal slave owners, causing hostilities among them and the indigenous people. The Russians also passed on infectious diseases, wiping a large number of the Native Alaskans, especially the Aleuts, the ones who lived in the Aleutian Islands.

In 1867, the United States, through Secretary of State William H. Stewart, bought Alaska from Russia for the sum of $7.2 million.

During World War II, the Japanese occupied three of the Aleutian Islands from 1942 to 1943.

On January 3, 1959, Alaska was officially declared a state, making it the 49th to be declared as such. Just months after, Hawaii followed suit, making it the 50th state.

Business Climate

Providence Health and Services (the state’s leading healthcare provider), Wal-Mart (chain of shopping malls), Carrs/Safeway (a chain of grocery stores), Meyer’s (one-stop shop pioneer), and ASRC Energy Services Alaska, Inc. (oil and gas company) are the top five employers of the state.

Tourism, fishing, and oil are considered the most important industries in Alaska. Oil provides 85 percent of the state’s income.

Zoologists and wildlife biologists, geological and petroleum technicians, airline pilots, copilots and flight engineers, material moving workers, and commercial pilots are the most popular jobs in the state.

The median household income of Alaska is $71,583. This is higher than the national household income of $53,657.

Points of Interest and Events

There are eight national parks in Alaska. Wrangell-St. Elias is the biggest, with a total area of over 8 million acres. This wilderness which is divided into four parts is good for camping, fishing, hunting, kayaking, and all outdoor activities you can imagine doing.

Located in Anchorage, Alaska Native Heritage Center tells you what you need to know about the Native Alaskans: culture, languages, rites and more.

The Alaska SeaLife Center in Seward is the state’s best public aquarium. Not only can you see a Giant Pacific Octopus and a preserved Giant Squid (among the many wonderful creatures on exhibit), this is also a venue for awareness of ecosystem preservation.

The Iditarod Trail is not just known as a US historic trail but also for its annual dog sledding contest. Mushers (or the drivers of the dog sleds) and their fierce canines compete for days even in subzero conditions.

Anchorage is the state’s most populated city. So imagine the atmosphere when you are there to attend the Anchorage Folk Festival held every January. This event runs for two weeks and every performance is free. Genre ranges from bluegrass to jazz.

Snowmobiling is fun and it is even more fun if you do it in Fairbanks in February where The Land of the Midnight Sun stages its Iron Dog Race. Stay longer at Fairbanks and you will rave about ice sculptures in the World Ice Art Championships, also on February (until March).

At Alaska’s capital, Juneau, the month of May is known as the Juneau Jazz and Classics, an event where every part of the city (be it a school, a hotel, and even on a boat), great musicians play Gershwin, Mozart, Bartok, and any of your timeless favorite music.

Food Culture

The following savory food items are highly recommended when in Alaska: reindeer dogs, smoked salmon, black cod, chocolate bread, gumbo, berries, crabs, Eskimo ice cream and muktuk. These yummy delights are either served at fancy restaurants or sold on the streets. You might have noticed from the list that seafood is the heart of Alaskan cuisine. The seas surrounding it provide for much of the food on every dining table of the people here. As an Alaskan rep once said, “Fish defines us.” Halibut and salmon are the most popular fish.

Airports

Alaska has 29 commercial primary airports. Four of them are international airports (Ted Stevens Anchorage International Airport, Fairbanks International Airport, Juneau International Airport, Ketchikan International Airport).

Famous People from Alaska

Pioneer aviator Carl Ben Eielson (Fairbanks), Wikipedia co-founder Larry Sanger (Anchorage), film producer Don Simpson (Anchorage), and Broadway star Charles Wood (Iditarod) are some of the celebrities that came from the State of Alaska.

Grow Your Business with Our Alaska Invoice Factoring Programs. Call 800-707-4845 to Learn More.