Invoice factoring, also known as accounts-receivable financing, is a cash-flow solution many companies use. The process works by selling your receivables to a factoring company in exchange for quick cash. You’ll no longer have to wait 30 to 90 days for customer payment as Scale Funding will get you paid same-day.
Scale Funding has provided Fort Lauderdale invoice factoring programs for more than 22 years. Our factoring programs offer many benefits such as:
One of the reasons companies choose Scale Funding over other factoring companies in Fort Lauderdale and Florida is because we have experience in many industries, which allows us to provide you with the working capital you need quickly and efficiently.
Some of the industries we’ve funded over the years include:
Scale Funding offers customized Fort Lauderdale accounts-receivable financing programs, giving us the ability to work with many different business sizes and stages.
From those that are starting up to businesses that are growing rapidly, we have a program for you, as our monthly volumes range from $50,000 to $20 million. We’re also able to work with companies that may have trouble getting financing from a bank because of credit issues, tax liens or even bankruptcy.
However, one of the most common reasons companies choose to work with our Fort Lauderdale factoring company programs is because we eliminate the wait on customer payment. Instead of waiting to get paid, we’ll get you paid the day you’re ready to invoice. This gives you the cash you need for bills, payroll and more.
Located on the southeast coast of Florida, just north of Miami, Fort Lauderdale is home to more than 175,000 people. The city has over 23 miles of accessible beachfront and is well known for the miles of canals that run through the city, which led to its nickname “Venice of America”.
Some of the first known inhabitants of present-day Fort Lauderdale were the Tequesta Indians. Unfortunately, the arrival of Europeans in the 1500s introduced a variety of new diseases to the tribe and had a devastating effect on their population. Although control of the area transferred back and forth between various European crowns, it remained largely uninhabited until the early 1800s, when a small group of settlers established the New River Settlement along the New River. Many of these settlers fled at the beginning of the Second Seminole War, providing the perfect location for the United States to build a stockade in 1838, which they called Fort Lauderdale. However, Fort Lauderdale’s time as a stockade was short lived, as the site was abandoned in 1842, shortly after the end of the war. It remained this way until the late 1800s when railroad tracks were built in the area and small settlements began to emerge. Fort Lauderdale was incorporated in 1911 and experienced a rush of development in the early 1920s, including the beginnings of its famous canals.
Fort Lauderdale played a strategic role in World War II, as it was the site of a major U.S. Naval Station, consisting of a base and training facilities for pilots, radar, and fire control operators. Additionally, the U.S. Coast Guard established a major port at Port Everglades. The Naval Air Station Fort Lauderdale was decommissioned after the war, as there was no longer a need for that volume of training. Once decommissioned, the former Naval Air Station was transferred to the county and became the Broward County International Airport (now the Fort Lauderdale-Hollywood International Airport).
With direct access to an abundance of waterways, the marine industry is the largest contributor to Fort Lauderdale’s economy. In fact, the marine industry provides over 134,000 jobs to the Greater Fort Lauderdale area and has a total economic impact of almost $11 billion. This industry includes fishing and marine commerce as well as recreational boating. Fort Lauderdale is often referred to as the Yachting Capital of the World, attracting some of the largest and most expensive yachts from around the globe. The city-owned Las Olas Marina has such high demand for dock slips that the city has plans to double the dock space in order to meet the demand. Additionally, Fort Lauderdale is home to the annual Fort Lauderdale International Boat Show, which brings together some of the top yacht builders and designers and showcases a wide variety of boats.
Fort Lauderdale’s second-largest industry is tourism, accounting for more than 180,000 jobs in the region. The Greater Fort Lauderdale area has over 15 million visitors each year, spending approximately $14.2 billion in the regional economy. Although the city’s beautiful beaches are one of the main reasons the city has become a major tourist destination, the city offers much more than just relaxation. With a three-tiered living coral reef system just off shore, the city is a popular destination for snorkelers and divers. Fort Lauderdale also has a vibrant nightlife, with plenty of bars and clubs, as well as a number of casinos.
Another significant driver for the Greater Fort Lauderdale economy is Port Everglades. With cruise and cargo as its two main industries, the port provides the state of Florida with more than 226,000 jobs and generates more than $29 billion in business activity. As a popular cruise ship port for a number of leading cruise lines, Port Everglades also helps the tourism industry by bringing additional tourists to the Fort Lauderdale area, even if Fort Lauderdale is not their main vacation destination. Cruise ship passengers often stay in the area for at least a day before and after their cruise, spending money in the local economy.
There are more than 300 miles of natural and man-made canals running through Fort Lauderdale. These connected waterways make it possible for a boat to get from the city to almost any part of the state. With many canals forking off the Intracoastal Waterway into the downtown and residential areas, it is possible to travel to almost anywhere in the city without ever getting into a car. In fact, many locals and tourists prefer to travel by water taxi. In addition to transportation, the canals also provide a number of activities for tourists. The most popular of which is a boat or gondola tour through the canals of Fort Lauderdale’s wealthiest residential areas. Tour passengers get to see some of the city’s most luxurious homes and mega yachts, as well as its beautiful marinas and scenery. For a more active tour experience, there are also companies that offer canal tours by kayak.
Located in the Everglades just outside the city, Sawgrass Recreation Park is a famous tourist stop. Visitors to the Sawgrass Recreation Park can experience a variety of exhibits, including the reptile exhibit, which features a number of reptile species and a reptile show, and the exotic wildlife exhibit, which features exotic and endangered wildlife like the Florida panther. In addition to one-of-a-kind exhibits, the Sawgrass Recreation Park’s most popular attraction is its airboat tours through the Florida Everglades, where passengers get a scenic view of the Everglades and often get to see alligators up close. Sawgrass Recreation Park also offers nighttime tours, giving visitors a chance to see the many nocturnal species that live in the Everglades.
Another popular spot for visitors is Butterfly World. Created by a retired electrical engineer from Illinois, Ronald Boender, Butterfly World was his passion project. With a love of butterflies since he was a child, Ronald decided to open a butterfly house in the United States after seeing them in many locations while traveling around the world. Butterfly World officially opened to the public in 1988, giving visitors the chance to see many rare butterfly species, botanical gardens, and a working butterfly farm and research center. Since its opening, Butterfly World has added additional aviaries to house a variety of birds, including hummingbirds, and allow visitors to get up close to lorikeets in the interactive Lorikeet Encounter.