Invoice factoring, also known as accounts receivable financing, works by selling your receivables to a factoring company at a discount in exchange for immediate cash.
While there are many factoring companies in Anaheim and the surrounding areas, Scale Funding offers many benefits.
Many industries benefit from our Anaheim factoring company programs. If you invoice other businesses and are waiting to get paid, we can help you through invoice factoring.
Since 1994 we’ve funded many industries including:
Our Anaheim accounts receivable financing programs are flexible and custom to fit your needs. We’re able to fund companies that need quick cash in a variety of situations.
One of the most common reasons companies choose our Anaheim factoring company programs is to eliminate the cash-flow gap caused by slow paying customers.
Other companies choose to work with Scale Funding because they’re unable to get funding from a bank because of credit, tax problems or business bankruptcy.
No matter what your business size or situation is, contact a financial representative today at Scale Funding.
Before Anaheim became the home of Disneyland, it was known for its agriculture. In 1857, a group of German immigrants settled the area and named it “Annaheim”- “Anna” for the Santa Ana River and “heim” meaning home in German. The immigrants began to grow grapes for wine and soon became the leading wine producer in California. Unfortunately, a plant virus in the 1880s wiped out the entire crop of grapes. Following their loss, the residents began to grow oranges and quickly became known as a citrus capital. For many years, Anaheim remained primarily rural and most of the residents were orange growers and farmers. However, with the addition of the Santa Ana Freeway and the completion of construction on Disneyland in 1955, Anaheim completely changed. Between the years 1950 and 2000, the population of Anaheim grew by over 300,000 people. Although there are still some orange groves outside of the city, many are part of private farms and are nothing compared to what the area used to be.
Tourism is a vital part of Anaheim’s economy and has been since the Disneyland Resort was built. It is estimated that Disneyland generates $5.7 billion in economic activity for the region and there are no signs of it slowing down. In fact, over the last five years, the employment at the Disneyland Resort has increased at rate of 34 percent. The Disneyland Resort employs more than 28,000 people and is the top employer in Orange County. Indirectly, Disneyland contributes an additional 25,000 jobs. This single tourist attraction is responsible for over one-third of the tourism revenue in Orange County. The Disneyland Resort is so important to Anaheim’s economy that Anaheim’s city council recently approved a motion that promised not to charge them an admissions tax at the theme park for the next 30 years. In exchange, Disneyland promised to invest $1 billion in the city during that time. Although some were against this deal, economists stress that Disneyland draws many people to the area that wouldn’t be there otherwise. Many of these people will go to the park, but they also spend money in other establishments in and around the city, which helps the entire economy.
Located across from the Disneyland Resort, the Anaheim Convention Center also has a significant impact on the tourism sector of Anaheim’s economy. The Anaheim Convention Center is the largest facility on the West Coast and within the past five years, it has hosted approximately 1,300 events, which has drawn over 4.95 million attendees. A variety of events are hosted there, from sports games to music equipment conventions, and all the events bring visitors who spend money on lodging, restaurants and more. In 2015, the Anaheim Convention Center started construction on its seventh expansion since the original space was built in 1967. This expansion adds 200,000 square feet of space and is expected to add an additional $9 million to tax revenue each year. Additionally, the expansion provided over 1,800 jobs during construction and, once complete, will provide an additional 2,000 annually.
Although the manufacturing sector in Anaheim is not as strong as it once was, it still represents a significant portion of the economy. Recently, there have been two large industrial business parks built in the area. One business park, Anaheim Canyon, spans 2,600 acres and allows for up to 1.33 million square feet of office space and 1.23 million square feet of industrial space. Currently, Anaheim Canyon houses over 2,900 companies. Collectively, these 2,900 companies are second only to Disneyland Resorts when it comes to providing jobs to the labor market in Anaheim. One manufacturing company located at Anaheim Canyon is Hestan Commercial, which makes high-end commercial kitchen appliances. In the past few years, Hestan Commercial opened a 74,000-square foot manufacturing facility with a showroom. The newest business and industrial park to open in the area is Anaheim Concourse, a 1.35 million-square-foot office park that was completed in 2015. MaxLite, a leader in LED light bulb manufacturing, recently built a $7.5 million facility complete with three full assembly lines, a warehouse and a full showroom.
The healthcare industry is also significant and is one of the leading employers in Anaheim. In fact, four of the top ten employers in the region are part of the healthcare industry. Second to Disneyland in the number of employees, Kaiser Permanente built a $245 million hospital within the last five years.