For companies in Salinas, invoice factoring is an excellent source of operating cash. Invoice factoring is also known as accounts receivable financing and it works by selling your receivables to a factoring company for quick cash. A factoring company will advance you part of the invoice amount quickly so you no longer have to wait for customer payment.
When you choose Scale Funding over other factoring companies in Salinas, you’ll receive same-day funding, competitive advances, low factoring rates and added back-office support at no extra cost to you.
Unlike bank loans or lines of credit, our Salinas invoice factoring programs offer quick consultation and quotes, so businesses can get funded fast. Once you’re ready to move forward and set up, you’ll have the working capital you need for bills, payroll, equipment, and more.
We’ve financed a variety of industries through our Salinas accounts receivable financing programs. Some of the industries we specialize in include:
|Trucking & Freight
|Oil & Gas Services
|Utility & Pipeline
Scale Funding offers customized cash-flow solutions, making it your top choice among factoring companies in Salinas and California. We can help many different business sizes, stages and situations. If one or more of the following fits your business, contact us today to see how our Salinas invoice factoring programs can help.
Salinas is the land of diversity, with its varied population making it a veritable cultural melting pot. The city, known lovingly as “the salad bowl of the world,” is located in California’s Monterey County. Its proximity to Salinas River and the Pacific Ocean affords its 155,000 residents lush views and scenery that attracts the who’s who of the world.
Furthermore, Salinas has a unique climate that is influenced by the Pacific. While the weather is warm and balmy like the rest of California’s interior, the area also experiences a curious phenomenon known as the “natural air conditioner.” This is caused by air and fog filtered from Monterey Bay directly into Salinas. This marine air has led to placement among the top ten cities with the cleanest air in America. This is unlike other towns to the south and north, which have mountains to block out the full effect of this phenomenon. As a result, Salinas experiences a more year-round Mediterranean climate that makes it the perfect place to live, work and play.
Before 200 AD, historians believe that the area where Salinas now stands was home to a Native American tribe known as the Esselen. However, they were displaced before 500 AD by a group of Ohlone speaking people. This community opened the way for the Spanish to set up camp in this region when large land grants were made for Catholic missions and soldiers from Spain. This trend gave way to grants awarded to Mexican ranches. This turned the Port of Monterey into a booming center for trading cattle and their hides.
California was officially incorporated into the United States in 1848 after the Treaty of Guadalupe-Hidalgo was signed to end the war between America and Mexico. A junction for two major stagecoach routes was then located in the area during the 1850s, bringing in a rush of development. In 1854, settlers put up a post office. This led to the growth of Salinas as we know it today.
It is believed that the name “Salinas” also came from this junction. The area where it was located was known as Alisal Slough, characterized by a lot of salt marshes. Salinas means ‘salty marshes’ in Spanish. This led to the renaming of Salinas River in 1856, which was previously known as Rio de Monterey. A spatial plan for the town was developed in 1867, which set out the location of its streets and main thoroughfares. In 1874, Salinas was officially incorporated as a town.
The new railroad marked a major turning point in Salinas’ historical and economic development. Firstly, it led to a massive spike in the number of people passing through or settling in the area. The railroad also increased the number of goods transported both to and from the town. Furthermore, the economic focus changed from cattle ranching to crop-based agriculture. Barley, wheat, mustard seeds, and potatoes were the main crops farmed in Salinas.
The introduction of irrigation transformed agriculture in Salinas, leading to farmers starting to grow row crops such as grapes, root vegetables, and sugar beets. This led to immense prosperity and made Salinas one of the wealthiest towns in America during that time.
Throughout its history, Salinas has always been a farming country. This has happened in spite of the fact that the area receives very little annual rainfall, and has all been made possible by Salinas River. On its way to the Pacific Ocean, Salinas River passes through a series of aquifers. This allows farmers to use this underground water to irrigate crops throughout the year.
The backbone of Salinas’ economy is agriculture and the various processing activities to add value to the resultant crops. Top employers here are Taylor Farms, Hilltown Packing, Mann Packing, and Newstar Fresh Foods. In fact, the city has been so profitable in these activities that it consistently reports one of the highest incomes per capita in California and the United States.
Salinas is home to a wide array of peoples and communities. Its booming agricultural sector at the turn of the 20th century brought a lot of immigrants from China and Mexico to the area. This trend is reflected even today in the city’s demographic makeup. It has created a uniquely vibrant and eclectic city culture that has influenced its growth and development.
The city has an impressive contemporary art scene. You can see avant-garde exhibitions and public murals at numerous innovative or non-business venues. If you like more traditional art, you can visit the illustrious Valley Art Gallery. This gallery was opened 30 years ago and is the oldest in Salinas. Risk Galery and the National Steinbeck Center are other well-known repositories of great art.
Salinas also has an active theater scene. The city is home to various live theater companies such as the Western Stage and ARIEL Theatrical. You can listen to live music and concerts at the prolific Fox California Theater, Salinas Sports Complex and the Steinbeck Institute for Arts and Culture.
Salinas is also nirvana for history buffs. You can visit historical landmarks like the Boronda Adobe History Center, which holds a museum and archive showing records of the city’s earliest history. It also features the Lagunita Schoolhouse, which John Steinbeck wrote about in his award-winning book, “Red Pony.”
Alternatively, you can take part in the Art Walk, held every first Friday of the month. It takes you on a tour of 50 of the best art centers, theaters, restaurants, and clubs in Salinas. Another popular tour is the River Road Wine Trail. This takes you through Salinas Valley, which is the largest producer of wine-grape in California.