Invoice factoring, also known as accounts receivable financing, is a way for businesses to obtain the working capital they need, quickly.
The process works by selling your business receivables to an invoice factoring company at a discount in exchange for immediate cash.
Scale Funding has more than 20 years of success providing cash flow to companies in many industries. Our Oakland invoice factoring and accounts receivable financing programs are designed to work with many business sizes with monthly programs ranging from $50,000 up to $20 million. Some of the industries we’ve funded over the years include:
If you’re waiting on slow-paying customers, use our Oakland accounts receivable financing programs to speed up your cash flow and take control of your business finances.
One reason Scale Funding is your top Oakland factoring company is that our programs are customized for your business situation. We’re able to provide cash to many businesses even when others can’t. From start-up companies and growing companies to those with financial challenges such as credit issues, tax liens or bankruptcy, Scale Funding can speed up your cash flow by turning your invoices into same-day cash.
The first known inhabitants of present-day Oakland were the Ohlone tribe, more formally known as the Costanoans. The Coastanoans lived in the region for thousands of years before the Spanish explorers first arrived in the late 1700s and began to colonize the area. In 1820, the King of Spain granted the land to Luis Maria Peralta in recognition of his 40 years of service to the Spanish Army. After his death, Luis left the land to his sons who called the area “encinal”, meaning “oak grove” in Spanish. It is from this that the city of Oakland was named. The California Gold Rush in 1848 brought an influx of people to the region, as it acted as a staging area for people who traveled from the East Bay inland to the Sierra foothills. Although some people left after the Gold Rush died down, the introduction of the railroad in the late 1860s caused the city to expand and led to a large increase in population. In fact, the site of the Port of Oakland today was once the Oakland Long Wharf, an 11,000-foot railroad wharf that was created in 1868.
Not only did the Loma Prieta Earthquake in 1989 cause significant physical damage to the city of Oakland, but it also had a tumultuous effect on the economy. Many of the companies that were headquartered in Oakland decided to relocate, leading to empty factories and the loss of jobs in a variety of related businesses. The economy began to make a slight turn around in the late 90s and by the mid-2000s Oakland started to see a much stronger business environment with major corporations like Kaiser Permanente, Clorox, and APL Limited bringing operations there. Today, Oakland is on the verge of an economic boom, but many residents fear the result it will have on the city’s diversity.
The Port of Oakland is a major shipping port for the West Coast and is responsible for 99 percent of all containerized goods that move through Northern California. The port also supplies over 200,000 jobs related to cargo transport to the area. Additionally, the Port of Oakland is in the process of building a new railway, warehouse, and distribution center that will provide businesses with a more efficient way to sort and ship their products. The railway will also cut down on the traffic going in and out of the port, as much of the cargo is currently transported by truck. The expansion is expected to be completed in 2019 and will supply approximately 12,000 new jobs to the job market.
Oakland has recently become a new home for the tech industry, with many established and startup tech companies moving to the city to avoid the high rent costs in San Francisco. In fact, Wealth Management ranked Oakland as fifth in their list of top ten cities for tech entrepreneurs in 2014. Ask.com and Pandora Radio are both located in Oakland and Uber recently announced that they are building their new global headquarters in the old Sears building. Although they will maintain their offices in San Francisco, this new addition will add over 2,000 jobs to Oakland’s job market. As a result of the tech boom, developers are in the process of planning a new neighborhood with a technology park, housing, and retail.
Health care, education, and tourism are also important sectors for the economy of Oakland. In fact, Kaiser Permanente and the Oakland Unified School District are some of the top employers in the city. Tourism has been on the rise as well, as Oakland has seen one of the highest increases in hotel occupancy in major cities in the western United States. Aside from its proximity to San Francisco, some of the main tourist attractions include a significant art scene, plenty of new bars and restaurants, the Oakland Zoo, museums, parks, and sports. Oakland is home to three professional sports teams, the Oakland Athletics (MLB), the Oakland Raiders (NFL) and the Golden State Warriors (NBA).